(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and respond to threats from the Kremlin that foreign-owned assets may be seized. Below are some of the companies by sector that have secured…
KAMPALA (Reuters) – Democratic Republic of Congo’s former president Joseph Kabila has rejected accusations from neighbouring Uganda that he gave sanctuary to an Islamist rebel group and allowed it to expand and exploit mineral resources. Kabila led Congo from 2001 to 2019 when he was succeeded by current president Felix Tshisekedi. Last week, Ugandan leader…
TUNIS (Reuters) – The Tunisian defense ministry said on Tuesday it had received four T-6C training aircraft from the United States, as part of cooperation to renew its fleet of training aircraft for the air force. Last month, four Tunisian soldiers died after a military aircraft crashed into the sea, an accident that President Kais…
By Leika Kihara and Tetsushi Kajimoto (Reuters) -Bank of Japan (BOJ) Governor Kazuo Ueda said on Tuesday there was still some distance to sustainably and stably achieving the central bank’s 2% inflation target, signalling his resolve to maintain ultra-loose monetary policy for the time being. “We have patiently continued our ultra-loose monetary policy under yield…
By Abdi Sheikh and Aaron Ross MOGADISHU (Reuters) – Russia’s announcement that it was withdrawing from a pact that allowed Ukrainian grains to leave Black Sea ports sent a shiver through poorer countries, many of which are already reeling from inflation, climate shocks and conflict. The Black Sea grains deal, brokered by the United Nations…
By Sarah El Safty, Khalid Abdelaziz and Nafisa Eltahir CAIRO (Reuters) – A war between military factions in Sudan is putting at risk the production of staple crops this year, farmers in several states say, threatening to drive the African nation deeper into hunger and poverty. Reuters spoke to more than a dozen people including…
By Elisha Bala-Gbogbo and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s inflation rose for the sixth month in a row in June, to 22.79% year-on-year from 22.41% in May, putting pressure on the central bank to tighten policy further when it meets to set interest rates next week. Next week’s meeting will be the first since…
(Reuters) – Along with offering a place in the tennis history books, the four Grand Slams – the biggest events on the tennis calendar – also provide serious financial incentives for the champions. Here is what you need to know about the prize pot on offer at Wimbledon: WHAT IS THE TOTAL PRIZE FUND IN…
By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. At a press conference before a meeting…
By Tarek Amara TUNIS (Reuters) -Undocumented sub-Saharan African migrants in Tunisia received three billion dinars (about $1 billion) in remittances from their countries during the first half of 2023, an official from the national security council said in a meeting late on Friday. President Kais Saied, who chaired the meeting, said, “This figure is shocking…
