(Reuters) – Air strikes and anti-aircraft fire rattled parts of Sudan’s capital Khartoum on Wednesday, residents said, despite both the military factions that have been battling each other since mid-April declaring truces for the Muslim holiday of Eid al-Adha. War between Sudan’s army and the paramilitary Rapid Support Forces (RSF) has caused a major humanitarian…
DAKAR (Reuters) – European election observers in Sierra Leone said there were “statistical inconsistencies” in the presidential results published by the electoral commission, which declared President Julius Maada Bio the winner of Saturday’s vote. The European Union Election Observation Mission called on the commission on Wednesday to promptly publish disaggregated results data per polling station…
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, offsetting worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures rose $1.77, or 2.5%, to settle at $74.03 a barrel….
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, offsetting worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures rose $1.77, or 2.5%, to settle at $74.03 a barrel….
BERLIN (Reuters) -German Chancellor Olaf Scholz said on Wednesday the failed mutiny in Russia last weekend had weakened President Vladimir Putin but the implications for his invasion of Ukraine remained unclear. Speaking in a wide-ranging, hour-long interview with ARD broadcaster, Scholz echoed U.S. President Joe Biden in saying the insurrection by Wagner mercenaries was part…
By Balazs Koranyi SINTRA, Portugal (Reuters) – Euro zone inflation is so persistent that interest rate hikes beyond July may still be needed, Slovenian policymaker Bostjan Vasle said, joining a growing camp of policymakers making the case for even tighter policy. The ECB has raised rates by 4 percentage points in the past year, the…
(Reuters) – OPEC has withheld media access to reporters from Reuters, Bloomberg and the Wall Street Journal to cover a meeting of oil industry CEOs with energy ministers from OPEC and its allies, reporters and several people familiar with the matter said on Wednesday. The three media organizations are among the world’s leading suppliers of…
By Savyata Mishra (Reuters) -General Mills on Wednesday forecast full-year profit largely below analysts’ estimates as price hikes to counter inflation dent demand for its ready-to-eat cereals and meal kits. Shares of the Cheerios cereal maker fell as much as 5.7% to a more than four-month low after General Mills also missed net sales estimate…
(Reuters) – Bed Bath & Beyond is splitting the bankruptcy-run auction of its Buy Buy Baby chain into two phases, CNBC reported on Wednesday, citing people familiar with the matter. An auction was originally scheduled for 10 a.m. on Wednesday, the report said, adding that now only bids for the chain’s intellectual property, including its…
By David Carnevali NEW YORK (Reuters) – U.S. military chip maker Mercury Systems Inc is locked in an unusual dispute with its former chief executive who is demanding a payout, most recently valued at $33 million, because the company tried to sell itself, regulatory filings show. Mark Aslett, who had served as Mercury’s CEO since…
