By Steve Holland WASHINGTON (Reuters) -U.S. President Joe Biden’s national security adviser, Jake Sullivan, is traveling to Denmark this weekend to participate in a meeting about Ukraine which may include some countries that have refused to condemn the invasion. The talks in Copenhagen are being organized by Ukraine “to discuss basic principles of peace,” a…
By Elena Rodriguez and Joan Faus MADRID/BARCELONA (Reuters) – Protesters wearing white masks and carrying signs reading “massacre” and “Europe responsible” marked the anniversary on Friday of a mass attempt to cross from Morocco into the Spanish enclave of Melilla in which at least 23 migrants and refugees died. Speakers from the Spanish umbrella rights…
By John Irish and Leigh Thomas PARIS (Reuters) -Multilateral development banks like the World Bank are expected to find $200 billion in extra firepower for low-income economies by taking on more risk, a move that may require wealthy nations to inject more cash, world leaders said on Friday. The leaders, gathered at a summit in…
By Leigh Thomas PARIS (Reuters) -Zambia has struck a deal to restructure $6.3 billion in debt owed to other governments, including China, marking a long-awaited breakthrough for indebted nations around the world that have faced lengthy negotiations with creditors. Zambia in 2020 became the first African country to default on its sovereign debt during the…
(Reuters) – Tunisia’s President Kais Saied told the International Monetary Fund’s managing director that the fund’s conditions to provide financial support to the North African country risks sparking civil unrest, the Tunisian presidency said on Friday. “The President of the Republic made it clear that the International Monetary Fund’s conditions for providing financial support to…
NEW YORK (Reuters) – MSCI will continue to consult with financial market participants on a potential reclassification of Nigeria to standalone market from frontier market after recent changes to foreign exchange trading, the index provider said on Thursday. Nigeria’s central bank last week moved to liberalize the foreign exchange market and unify exchange rates, and…
By Khalid Abdelaziz PORT SUDAN (Reuters) – Elsafi Mahdi was separated from his wife and three younger children on June 1 near Sudan’s border with Egypt. He does not know when he’ll see them again. Like many families fleeing the war in the capital Khartoum, Mahdi, a prominent music teacher and conductor, left home without…
SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Thursday he had discussed the war between Russia and Ukraine and an upcoming BRICS summit with his South African counterpart Cyril Ramaphosa as they met in Paris. Ramaphosa recently led a delegation of African leaders to Russia and Kyiv seeking to share…
By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Wednesday adjourned Sudan talks because the format was not succeeding in the way they wanted, U.S. Assistant Secretary of State for African Affairs Molly Phee said on Thursday. Saudi Arabia and the U.S. have brokered ceasefires between Sudan’s army and paramilitary Rapid Support Forces (RSF)…
(Corrects acronym of project to ‘ELMED’ in paragraph 3) TUNIS (Reuters) – The World Bank Group has lent Tunisia $268.4 million to finance an electrical interconnection project with Italy that will link energy networks between Tunisia and Europe, TAP state news agency said on Thursday. The agreement ends a temporary pause in the bank’s work…
