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Thousands still missing as Congo flood survivors search for relatives

By Djaffar Sabiti NYAMUKUBI, Democratic Republic of Congo (Reuters) -The death toll from flooding in eastern Democratic Republic of Congo crept higher on Tuesday as aid workers found more bodies among the muddy devastation and wounded residents succumbed to their injuries in an underequipped local clinic. The floods, in a remote, mountainous area of South …

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Six dead after Tunisia synagogue shooting, president blames ‘criminals’

By Tarek Amara TUNIS (Reuters) -Tunisia’s president on Wednesday blamed “criminals” seeking to harm the tourism sector for a synagogue shooting on the island of Djerba that killed six people in the country’s deadliest attack in years. The attacker, a National Guard member, killed a colleague at a naval installation on Tuesday and drove to …

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Pakistan calls in army to stop protest violence after ex-PM Khan’s arrest

By Gibran Naiyyar Peshimam, Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Pakistan’s government called in the army on Wednesday to help end deadly unrest in the wake of the arrest of former prime minister Imran Khan, warning protesters against any further attacks on state installations. At least five people have died in violence that has …

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Oil drops 1% after US data points to further rate hikes

By Shariq Khan BENGALURU (Reuters) -Oil prices fell by more than a dollar a barrel on Wednesday, ending a three-day rally, as economic data suggested that the U.S. Federal Reserve might hike interest rates further. Brent crude dropped $1.03, or 1.3%, to settle at $76.41 a barrel while U.S. West Texas Intermediate crude (WTI) fell …

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Gold eases on profit taking after US inflation data

By Deep Kaushik Vakil (Reuters) – Gold prices edged lower on Wednesday as optimism over the Federal Reserve cutting interest rates this year faded after U.S. inflation report, triggering profit-taking among some investors. Spot gold was down 0.2% at $2,030.70 per ounce by 2:06 p.m. EDT (1806 GMT). U.S. gold futures settled 0.3% lower at …

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Shell wins UK Supreme Court case on 2011 oil spill off Nigerian coast

By Estelle Shirbon LONDON (Reuters) – The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell subsidiaries over a 2011 offshore oil spill they say had a devastating long-term impact on the coastal area where they live. The case was one of a series of legal …

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FTSE 100 slips ahead of BoE decision, ASOS tumbles on weak sales

By Johann M Cherian and Sruthi Shankar (Reuters) -Britain’s top equity index slipped on Wednesday as strength in sterling weighed on dollar earners such as Unilever ahead of the Bank of England’s policy decision on Thursday, when it is seen raising interest rates further. The blue-chip FTSE 100 closed down 0.3%, with global companies such …

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India’s Go First airline gains bankruptcy protection, lessors’ woes deepen

By Arpan Chaturvedi, Aditi Shah and Aditya Kalra NEW DELHI (Reuters) -Go Airlines (India) Ltd was granted bankruptcy protection on Wednesday, bolstering the country’s fourth largest carrier’s chances of getting back on its feet, but lessors have started mounting legal challenges to repossess planes. The low-cost carrier, recently rebranded as Go First, was plunged into …

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South African rand drops to 3-year low on loadshedding fears

By Rachel Savage and Tannur Anders JOHANNESBURG (Reuters) -The South African rand plunged to a three-year low on Wednesday after a steep drop in the previous day, while international and domestic government bonds also fell, as fears grew of scheduled blackouts known as loadshedding worsening during winter. At 1530 GMT, the rand was trading at …

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Egypt’s headline inflation slows to 30.6% in April

CAIRO (Reuters) -Egypt’s annual urban consumer inflation in April slowed to 30.6% from 32.7% in March, data from the state statistics agency CAPMAS showed on Wednesday, lower than analysts had expected. Month-on-month, urban inflation slowed to 1.7% from 2.7% in March and 6.5% in February. Inflation had steadily crept up over the last year after …

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