(Reuters) – Pandemic-related disruptions to global supply chains and the effects of Russia’s war in Ukraine have driven up prices of energy, commodities and other necessities. Here’s how governments are trying to help hard-hit consumers and companies: AMERICAS: * U.S. President Joe Biden’s drug pricing reform, part of the Inflation Reduction Act, penalises drugmakers for…
By Libby George LONDON (Reuters) – Foreign investors piling into Asian fixed income and stocks propelled emerging market portfolio inflows to $10.4 billion in May, offsetting Chinese bonds suffering a third straight month of outflows, the Institute of International Finance (IIF) found. The fifth consecutive month of positive foreign investor cash flows to emerging markets…
By Wendell Roelf CAPE TOWN (Reuters) – South African prosecutors on Friday significantly increased the number of charges they are bringing against Rwandan ex-police officer Fulgence Kayishema, who is wanted internationally for suspected participation in Rwanda’s 1994 genocide. On the run for two decades, Kayishema was arrested on May 24 under a false name on…
By Dmitry Zhdannikov, Ahmad Ghaddar and Alex Lawler LONDON (Reuters) – Saudi Arabia kept under wraps its plan to make a deep cut to its own oil output during a weekend of OPEC+ talks in Vienna, several OPEC+ sources told Reuters, with some member states only learning about the reduction from the final news conference….
KHARTOUM (Reuters) – Residents of Sudan’s South Kordofan State reported mobilisation by a large rebel force on Thursday, raising fear that internal conflict could spread in the country’s southern regions. The rebel force, the SPLM-N, is led by Abdelaziz al-Hilu, and is estimated to contain tens of thousands of men as well as heavy weaponry….
WASHINGTON (Reuters) – The International Monetary Fund on Thursday said it expects the global sovereign debt roundtable to make “tangible” progress toward quicker debt restructurings for heavily indebted countries during a series of meetings in coming weeks. IMF spokesperson Julie Kozack confirmed that technical talks would be held on Friday, with a workshop on comparability…
LUANDA (Reuters) – Angolan President Joao Lourenco has fired the country’s economic coordination minister and replaced him with the central bank governor in the wake of deadly protests over a reduction in a fuel subsidy. The removal of Manuel Nunes Junior was announced by the presidency in a statement on Thursday. It was not immediately…
WASHINGTON (Reuters) – Secretary of State Antony Blinken on Thursday welcomed the Ethiopian government’s commitment to investigate the diversion of American food aid away from people who needed it, the State Department said. The U.S. Agency for International Development (USAID) said earlier it was suspending food aid to Ethiopia after determining, in coordination with the…
KHARTOUM (Reuters) -A massive fire broke out on Wednesday near a military complex containing an arms factory in southern Khartoum that Sudan’s army has battled to defend in some of the fiercest fighting for weeks in its conflict with a rival faction, witnesses said. The paramilitary Rapid Support Forces (RSF), in the eighth week of…
By Humeyra Pamuk and Aziz El Yaakoubi JEDDAH, Saudi Arabia (Reuters) -U.S. Secretary of State Antony Blinken had an “open, candid” conversation with Saudi Crown Prince Mohammed bin Salman in the early hours of Wednesday about a wide range of bilateral issues, a U.S. official said. The top U.S. diplomat arrived in Saudi Arabia late…
