DAKAR (Reuters) – Senegal’s navy has intercepted a boat with around 70 migrants risking the perilous Atlantic route to Spain, the army said on Thursday, the third reported crossing this week as attempts from West Africa pick up in the warmer summer months. The vessel was caught late on Wednesday night at the mouth of…
By Sarah Marsh and Andreas Rinke BERLIN (Reuters) -Germany on Thursday published its first and long-awaited China strategy which was unflinching in its appraisal of Beijing’s “increasing assertiveness” but vague on policy measures to reduce critical dependencies. The 64-page document comes amid a broader push in the West to reduce strategic dependencies on a China…
FRANKFURT (Reuters) -The European Central Bank may need to continue raising interest rates beyond this month to bring inflation back to target, ECB policymakers said at their last meeting according to an account published on Thursday. The ECB raised its interest rates to their highest level in 22 years at the June 14-15 meeting and…
WASHINGTON (Reuters) – U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, more evidence that the economy had entered a disinflation phase. The producer price index for final demand nudged up 0.1% last month, the Labor Department said on Thursday. Data for May…
DUBAI (Reuters) -Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed on Thursday agreed on initiating urgent negotiations to finalize an agreement between Egypt, Ethiopia and Sudan on the filling of the Grand Ethiopian Renaissance Dam (GERD) and the rules of its operations, a joint statement said. The statement mentioned the two leaders…
NEW YORK (Reuters) – Foreigners funneled over $22 billion net into emerging market portfolios in June, the largest amount since January, and China posted its sixth consecutive month of outflows from debt securities, data from the Institute of International Finance showed on Thursday. Chinese portfolios did eke a net positive month with the $1.9 billion…
(Reuters) – Germany on Thursday passed its long-awaited China strategy after months of wrangling within Chancellor Olaf Scholz’s three-way coalition over how much to toughen Berlin’s stance. Following are highlights of the paper and statements by German leaders. GERMANY’S ASSESSMENT OF CHINA * China is trying to create economic and technological dependencies in order to…
By Jennifer Rigby LONDON (Reuters) – The imminent move to label aspartame as a possible carcinogen comes after years of advocacy from a leading consumer group in the United States and a handful of cancer scientists hoping to settle a decades-long debate over the sweetener’s safety. Reuters reported last month that the cancer research arm…
(Reuters) – Cineworld Group said on Thursday Eduardo Acuna, who runs the Americas operations of Mexican theatre operator Cinepolis, will become its CEO when the company emerges from bankruptcy proceedings, expected this month. The group, which filed for U.S. bankruptcy protection in September, said lenders had agreed to appoint Acuna as CEO of the newly…
LONDON (Reuters) – Food price inflation in Britain will decline through the balance of 2023 but will still be about 9% in December, a prominent grocery industry researcher said on Thursday. In its latest report, the Institute of Grocery Distribution (IGD), whose forecasts on UK food inflation have proved to be broadly accurate, cautioned it…
