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…
MOSCOW (Reuters) – Russia’s nuclear chief on Thursday pushed back against Ukrainian assertions that Moscow had plotted to blow up a nuclear power station it controls, saying no evidence supported the claim and that only “a complete idiot” would do such a reckless thing. Kyiv has repeatedly said that Russian forces planned to blow up…
BEIJING (Reuters) – Alibaba’s Ele.me on Thursday became China’s first delivery platform to sign collective contracts on wages and labour safety with its staff, official media reported, as Beijing signals an end to its crackdown on the tech sector. The contracts will apply to 3 million workers on the platform across 11,000 delivery stations in…
By William Schomberg LONDON (Reuters) -Britain’s public debt could surge to more than 300% of annual economic output by the 2070s, up from about 100% now, and the government is not taking measures to make big changes in the short term, the government’s budget forecasters said. The Office for Budget Responsibility said challenges from an…
(Reuters) – Virgin Galactic Holdings said on Thursday that the space tourism startup will launch its second commercial flight in a window that opens next month after a successful first flight in June. The firm is among the few U.S.-based space companies, along with Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX, to cater to…
