By Khalid Abdelaziz and Aidan Lewis DUBAI (Reuters) -Sudan’s warring military factions agreed on Monday to a five-day extension of a ceasefire agreement, after renewed heavy clashes and air strikes in the capital threw fresh doubts on the effectiveness of a truce designed to ease a humanitarian crisis. Saudi Arabia and the United States, which …
Sudan factions agree to extend ceasefire deal amid clashes Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices edged higher in choppy trading on Monday, as markets weighed a tentative U.S. debt ceiling deal that would avert a default by the world’s top oil consumer against further Federal Reserve interest rate hikes that could curb energy demand. Brent crude futures settled up 12 cents, or …
Oil ticks up as markets weigh U.S. debt deal, rate hike possibility Read More »
NEW YORK (Reuters) – U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to suspend the federal government’s $31.4 trillion debt ceiling, ending a months-long stalemate. But the deal still faces a difficult path to pass through Congress before the U.S. runs out of money to pay its debts …
Investors react to tentative US debt ceiling deal Read More »
By Laura Matthews, Chibuike Oguh and Herbert Lash (Reuters) -Global investors are gaming out how a tentative deal to raise the United States debt ceiling could ripple through markets, as lawmakers strive to pass the agreement through Congress before a June 5 deadline. A deal to lift the $31.4 trillion debt limit announced by the …
Analysis-Debt deal welcomed by investors, though risks loom Read More »
By Felix Onuah and MacDonald Dzirutwe ABUJA (Reuters) -Nigeria’s new President Bola Tinubu vowed at his swearing-in on Monday to expand the economy by at least 6% a year, lift barriers to investment, create jobs and unify the exchange rate, while also tackling rampant insecurity. Tinubu inherits a struggling economy with record debt, shortages of …
Nigeria’s new President Tinubu promises economic reboot Read More »
By Daniel Trotta (Reuters) – Search and rescue teams working throughout the night rescued an eighth victim from an apartment building that collapsed in Davenport, Iowa, officials said on Monday. The city’s mayor and fire chief told reporters they believe the incident will end without any fatalities. A center section of the six-story building with …
Eighth person rescued from collapsed building in Iowa; fatalities unlikely Read More »
By Gopal Sharma KATHMANDU (Reuters) – Kami Rita Sherpa had stood at the top of world just days earlier, exultant at having summited Mount Everest for a record 28th time. The Nepali climber was given a hero’s welcome on his return to Kathmandu, but all that joy appeared to have deserted him as he surveyed …
From highs to lows, Everest record breaker sees ‘no future’ in Nepal Read More »
JOHANNESBURG (Reuters) – The South African rand, battered by crippling power cuts and a U.S. diplomat’s allegation of supplying weapons to Russia, was flat on Monday, after hitting a record low last week. At 1628 GMT, the rand traded at 19.6575 against the dollar, not far from Friday’s close of 19.6625 and down about 7% …
South African rand flat after last week’s record low Read More »
By Krishn Kaushik NEW DELHI (Reuters) -India has filed a graft case against Britain’s BAE Systems plc and Rolls-Royce Holdings for “criminal conspiracy” in the procurement and licensed manufacturing of 123 advanced jet trainers, a federal police document showed. The case is based on the findings of an investigation launched by India’s Central Bureau of …
India files graft case against BAE Systems, Rolls-Royce Read More »
By Sruthi Shankar and Ankika Biswas (Reuters) – European shares edged lower in light trade on Monday, on losses in technology and bank stocks, while investors assessed the tentative deal reached by U.S. lawmakers to raise the nation’s debt ceiling and avert a default. The pan-European STOXX 600 index closed 0.1% lower, after logging its …
European stocks slip as tech, bank drag; investors assess U.S. debt ceiling deal Read More »
