(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…
By Dawn Chmielewski LOS ANGELES (Reuters) – In what would be a sign of progress in a months-long labor dispute, striking Hollywood writers were expected to respond this week to the latest contract proposal from the major studios, according to two sources with knowledge of the talks. One of the sources said the negotiating team…
(Reuters) – Electric vehicle startup Fisker said on Tuesday it signed a deal with Tesla to adopt its North American Charging Standard (NACS), giving Fisker customers access to the automaker’s Supercharger network by 2025. A plethora of automakers, including Ford Motor and General Motors, are moving away from the standard Combined Charging System (CCS) connector…
By Marc Jones LONDON (Reuters) -JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast to 9.7% from 6% on Tuesday following the latest wave of problems in China’s property sector. The U.S. investment bank said Chinese property firms were expected to account for nearly 40% of 2023’s corporate default…
