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Nigeria Eurobonds, stocks rally on Tinubu pledges to end fuel subsidy

By Rachel Savage and Chijioke Ohuocha JOHANNESBURG/ABUJA (Reuters) – Nigeria’s sovereign dollar-denominated bonds rallied on Tuesday after new President Bola Tinubu said at his swearing-in that a costly fuel subsidy would be removed and the central bank should work towards a unified exchange rate. Rating agency Moody’s said Tinubu’s readiness to confront these issues was …

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Wrestling-Indian athletes postpone medal-immersion protest against chief

By Amlan Chakraborty NEW DELHI (Reuters) -India’s top wrestlers were talked out of their plans to toss their medals into the river Ganges on Tuesday as part of their ongoing demand to arrest their federation chief over sexual harassment allegations. The athletes had been camping in New Delhi since April 23 demanding action against Wrestling …

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Explainer-How could a US debt ceiling default hit regular Americans?

By Jason Lange WASHINGTON (Reuters) – What could happen on Main Street if Washington’s political showdown over the debt ceiling stopped the government from cutting checks that fund a quarter of the economy? Americans could quickly notice painful blows to their retirement accounts as stock markets swooned, and within days the lack of federal payments …

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US review of China tariffs won’t depend on trade ‘breakthrough’-Deputy USTR

By David Lawder DETROIT (Reuters) -The United States is taking an analytical approach to its review of whether to keep tariffs on Chinese goods in place and will not base outcomes on any “breakthrough” in U.S.-China trade relations, Deputy U.S. Trade Representative Sarah Bianchi told Reuters. The Biden administration is not assuming any such breakthrough …

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North Korea to launch first military spy satellite in June

By Soo-hyang Choi SEOUL (Reuters) – North Korea will launch its first military reconnaissance satellite in June for monitoring U.S. activities, state media KCNA reported on Tuesday, drawing criticism over its potential use of banned missile technology. Ri Pyong Chol, vice-chairman of the Central Military Commission of the North’s ruling Workers’ Party, denounced ongoing joint …

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Reactions to new Ugandan anti-LGBTQ law

(Reuters) – Uganda has implemented one of the world’s toughest anti-LGBTQ laws, drawing widespread Western condemnation and outraging activists at home. Below is some reaction: CLARE BYARUGABA, UGANDAN RIGHTS ACTIVIST “The Ugandan President has today Legalised State Sponsored Homophobia and Transphobia. It’s a very dark and sad day … We shall continue to fight this …

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Uganda enacts harsh anti-LGBTQ law including death penalty

KAMPALA (Reuters) – Uganda’s President Yoweri Museveni signed one of the world’s toughest anti-LGBTQ laws, including the death penalty for “aggravated homosexuality”, drawing Western condemnation and risking sanctions from aid donors. Same-sex relations were already illegal in Uganda, as in more than 30 African countries, but the new law goes further. It stipulates capital punishment …

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