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Eritrean president sidesteps questions about troops in Ethiopia

By Ayenat Mersie NAIROBI (Reuters) -Eritrean President Isaias Afwerki on Thursday sidestepped questions about whether his country’s troops remain in neighbouring Ethiopia’s Tigray region three months after the signing of a peace agreement that called for their withdrawal. Eritrean troops fought alongside the Ethiopian military and allied militias during a two-year conflict against rebellious Tigray …

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IMF seeks more time to conclude Pakistan deal worth $1.1 billion

By Ariba Shahid KARACHI (Reuters) -The International Monetary Fund has asked for more time for negotiations with Pakistan over a deal that would unlock $1.1 billion in much-needed funds for the country, Secretary of Finance Hamed Sheikh said Thursday.Cash-strapped Pakistan, pushed to the limit by last year’s devastating floods, had been host to the talks …

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Sustainalytics downgrades three Adani companies’ governance scores

By Ross Kerber and Tommy Wilkes (Reuters) – Sustainalytics downgraded corporate governance-related scores for three of India’s Adani Group companies on ethics concerns, the sustainability ratings company said on Wednesday, citing questions a short-seller raised last month. The lowered scores, including for Adani Green Energy and Adani Transmission, come after a Jan. 24 report from …

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U.S. says it may target Chinese entities linked to spy balloon

By Humeyra Pamuk, Michael Martina and Patricia Zengerle WASHINGTON (Reuters) -The United States will explore taking action against entities connected to the Chinese military that supported the flight of a Chinese spy balloon into U.S. airspace last week, a senior State Department official said on Thursday. Washington is confident that the manufacturer of the Chinese …

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UK’s FTSE 100 hits another record high; Standard Chartered tops index

By Sruthi Shankar and Shashwat Chauhan (Reuters) – Britain’s FTSE 100 index rose for the third straight session on Thursday after breaching its record-high level again, buoyed by a slate of upbeat earnings and merger talks tied to Standard Chartered. The blue-chip FTSE 100 ended 0.3% higher after hitting a record high of 7,949.57 in …

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South African rand firms as markets eye President Ramaphosa’s speech

JOHANNESBURG (Reuters) -South Africa’s rand firmed on Thursday as investors awaited President Cyril Ramaphosa’s State of the Nation address, which could offer some solution to ease a worsening power crisis. At 1510 GMT, the rand traded at 17.6425 against the dollar, 0.7% stronger than its previous close. Investors are looking for leadership, guidance and clarity …

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