KYIV (Reuters) – The Ukrainian government is to build new fortifications and military infrastructure in northeast regions that border Russia and Belarus at a cost of nearly $35 million, Prime Minister Denys Shmyhal said on Tuesday. “At the request of Kharkiv and Chernihiv…we are allocating 911.5 million hryvnias ($24.7 million) for Kharkiv and 363 million…
WASHINGTON (Reuters) – U.S. import prices rebounded more than expected in July amid higher costs for petroleum products and food, but underlying imported inflation pressures remained muted. Import prices increased 0.4% last month, the Labor Department said on Tuesday. Data for June was revised to show prices falling 0.1% instead of the previously reported 0.2%….
By Andriy Perun LVIV, Ukraine (Reuters) – Russian air strikes hit two western regions of Ukraine bordering NATO member Poland and other areas on Tuesday, killing three people in a factory and wounding more than a dozen, Ukrainian officials said. Local media said the attacks were the largest air assault on the Lviv region since…
(Reuters) – Former U.S. President Donald Trump said on Tuesday that he would release a detailed report next Monday on what he called “election fraud” in the state of Georgia in 2020. Trump made the announcement in a post on his Truth Social media app. Since his defeat in 2020, Trump has repeatedly made false…
By Elias Biryabarema KAMPALA (Reuters) -Uganda’s central bank cut its main lending rate on Tuesday for the first time in more than two years, saying it aimed to boost economic growth after inflation fell faster than expected. The cut in the Central Bank Rate (CBR) to 9.5% from 10.0% came after inflation fell to 3.9%…
By Kylie Madry (Reuters) – Mexican financial services startup Klar has received a $100 million debt facility from investment firm Victory Park Capital, it announced on Tuesday, meant to expand the company’s loan book in a country where few residents have access to credit. “This will let us provide better offers to our users, whether…
(Reuters) – German conglomerate Siemens said on Tuesday it will start producing solar energy equipment in the United States in 2024 through a contract manufacturer in Wisconsin. The announcement marks a move by one of the world’s largest manufacturers to capitalize on incentives in President Joe Biden’s year-old landmark climate change law to boost American-made…
By Daniela Desantis and Lucinda Elliott ASUNCION (Reuters) – Paraguay’s new president Santiago Pena takes office on Tuesday, a clean-cut economist for the conservative Colorado party who will need to juggle ties with Taiwan, pressure from farmers, rising crime and a U.S. probe into his political mentor. Pena, 44, scored a strong win in April…
By Guy Faulconbridge MOSCOW (Reuters) – Russia’s defence minister told officials on Tuesday that Ukraine’s ability to fight had been “almost exhausted” and said the war had exposed vulnerabilities in Western weapons systems that Moscow would soon share. The war has sown devastation across swathes of eastern and southern Ukraine, killed or injured hundreds of…
By Elisha Bala-Gbogbo ABUJA (Reuters) – Nigeria’s annual inflation rose to its highest level in nearly two decades in July at 24.08% against 22.79% in June, worsening a cost-of-living crisis in Africa’s largest economy as President Bola Tinubu’s reforms continue to take effect. Inflation in Nigeria has been in double digits since 2016, eroding savings…
