African Devt Bank proposes ‘fast track’ compensation for Zimbabwe white ex-farmers
By Nyasha Chingono HARARE (Reuters) – The African Development Bank (AFDB) has developed financial instruments to “fast track and front…
Economy
US consumers keep vehicles for a record 12.5 years on average -S&P
By Paul Lienert (Reuters) – Americans in the waning days of the COVID pandemic are keeping their combustion-engine vehicles longer,…
Nigeria inflation quickens in April as food prices surge
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual inflation rose to 22.22% in April from 22.04% the previous month, as…
Philippine central bank signals pause in tightening cycle as inflation cools
By Neil Jerome Morales and Enrico Dela Cruz CEBU, Philippines (Reuters) – The Philippine central bank could pause interest rate…
In South America’s remote Chaco, deforestation uproots natural rhythms
By Agustin Marcarian GRAN CHACO, Argentina (Reuters) – In the vast Chaco forests of northern Argentina, Noole rests from the…
China central bank to keep liquidity ample, support economic recovery
BEIJING (Reuters) – China’s central bank said on Monday it would keep liquidity reasonably ample and interest rates reasonable and…
Global equity funds see 4th week of outflows on slowdown worries
(This May 12 story has been corrected to change the inflation-linked bonds’ outflows to $125.3 million from $268 billion in…
“Cut the price of baby products”, says Italy’s inflation watchdog
ROME (Reuters) – Italy’s industry minister said on Monday that a cut in sales tax on baby products has not…
Take Five: A summit with a ceiling
(Reuters) -Right now, it’s all about deadlines, as lawmakers race to thrash out a deal on the U.S. borrowing limit,…
Ford says it will reduce costs to boost China business
SHANGHAI/BEIJING (Reuters) – Ford said on Monday it was working to reduce costs in China as it strives to recover…