By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% to a one-week high on Wednesday as the dollar slid to a six-week low after the U.S. Federal Reserve delivered an expected small rate hike while hinting that it was on the verge of pausing future increases. Brent crude futures rose $1.37, or 1.8%, …
Oil up 2% as dollar weakens on small US Fed rate hike Read More »
By David Shepardson WASHINGTON (Reuters) -A group of seven U.S. senators on Tuesday proposed legislation to raise the mandatory commercial pilot retirement age to 67 from 65, in a bid to address airline industry staffing issues. The legislation first proposed last year by Senator Lindsey Graham and other Republicans now includes Democrats Joe Manchin and …
Senators propose raising US commercial pilots mandatory retirement age Read More »
HARARE (Reuters) -Chinese battery minerals producer Zhejiang Huayou Cobalt said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe. Huayou, one of the world’s biggest cobalt producers, acquired Arcadia from Australia-listed Prospect Resources and its Zimbabwean partners in a $422 million deal completed in 2022. After the transaction, …
Huayou starts trial production at Zimbabwe lithium mine, invests in Namibian project Read More »
By Elizabeth Piper and Kylie MacLellan LONDON (Reuters) -British Prime Minister Rishi Sunak won the backing of parliament on Wednesday for a key element of a reworked post-Brexit deal on Northern Ireland despite opposition from the province’s biggest unionist party and some of his lawmakers. Sunak has tried to end years of wrangling over Brexit …
Muted opposition: UK’s Sunak wins Northern Ireland trade vote in parliament Read More »
ADDIS ABABA (Reuters) -Ethiopia’s parliament on Wednesday removed the Tigray region’s main political movement from a list of terrorist organizations, a major step towards establishing an interim local government after a two-year civil war. The Tigray People’s Liberation Front (TPLF), which led the northern region into war with the federal government in late 2020, was …
Ethiopia takes Tigray’s TPLF party off terrorism list Read More »
By David Morgan WASHINGTON (Reuters) -A conservative Republican and a progressive Democrat in the U.S. Senate are introducing legislation on Wednesday to replace the Federal Reserve’s internal watchdog with one appointed by the president, aiming to tighten bank supervision following the failures of Silicon Valley Bank and Signature Bank. Republican Rick Scott and Democrat Elizabeth …
Republican U.S. Senator Rick Scott, Democrat Warren unveil Fed oversight bill Read More »
By Ben Blanchard and Gustavo Palencia TAIPEI/TEGUCIGALPA (Reuters) -Honduras denied on Wednesday it had demanded $2.5 billion in aid from Taiwan before its announcement to seek to open relations with China, instead saying the country had repeatedly requested Taiwan buy Honduran public debt. Honduras Foreign Minister Eduardo Enrique Reina told Reuters the $2.5 billion figure …
Honduras denies demanding $2.5 billion in Taiwan aid before China announcement Read More »
PESHAWAR/KABUL (Reuters) -At least 13 people were killed and more than 90 injured in Pakistan and Afghanistan after a magnitude 6.5 earthquake struck late on Tuesday, government officials said. At least nine people were killed and 44 injured in northwest Pakistan, a Pakistani government official said, and hospitals in northern Khyber Pakhtunkhwa province were put …
Earthquake in Afghanistan kills at least 13, nine of them in Pakistan Read More »
By Aditi Shah and Tim Hepher NEW DELHI (Reuters) -India’s Adani Group will focus on expanding its aviation business and plans to bid for more government-run airports when they come up for privatisation, Adani Airports’ chief executive said on Wednesday. The South Asian nation is the world’s fastest-growing aviation market, with demand for air travel …
Adani to increase airports business in India amid aviation boom Read More »
By Nelson Banya, Nyasha Chingono and Frank Phiri HARARE (Reuters) – Helplessly watching her maize turn yellow as she waited for free fertilizer from the government, Zimbabwean farmer Marian Kanenungo had nothing but makeshift compost from an anthill to help save her crop – and she had low hopes of that. Kanenungo, a smallholder farmer …
African smallholder farmers count the cost of fertilizer price spike Read More »
