Fighting rages in Sudan’s capital as army tries to cut off supply routes

(Reuters) – Fierce battles broke out on Tuesday across Omdurman, the western part of Sudan’s wider capital, as the army tried cut off supply routes used by its paramilitary rivals to bring reinforcements into the city. The army launched air strikes and heavy artillery, and there were ground battles in several parts of Omdurman, witnesses…

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Emerging markets carry investor hopes for H2 on lower inflation, rates

By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – From BlackRock to JPMorgan, some of the world’s top investors are upbeat on emerging markets for the second half of the year on the prospect of falling interest rates, while signs of progress in tricky debt talks are set to buoy frontier markets. Positive headlines…

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Survivors of Greece boat disaster say coastguard rope toppled boat

MALAKASA/KALAMATA, Greece (Reuters) – Survivors of a boat disaster that likely killed hundreds of migrants near Greece have given accounts of traffickers in North Africa cramming them into a clapped-out fishing trawler. They recounted hellish conditions above and below deck, with no food or water. Some also said the tragic end, when it came, was…

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China’s debt relief to poor countries slows amid continuing appeals for support

By Joe Cash BEIJING (Reuters) – The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group showed, with Angola alone receiving two thirds of deferrals despite China backing multilateral efforts to standardise support for poor countries. As the world’s largest bilateral creditor, China is central to…

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Analysis-Dollar drought haunts frontier economies

By Duncan Miriri and Marc Jones NAIROBI/LONDON (Reuters) – As Pakistan spiralled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya’s KTDA co-operative produces 3,400 miles away on a list of essentials that would grant importers access to precious U.S. dollars. His urgent lobbying reflects anxiety about a scarcity of…

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