Erdogan says he is in agreement with Putin that grain deal should be extended

ISTANBUL (Reuters) – Turkish President Tayyip Erdogan said on Friday that he is in agreement with Russian President Vladimir Putin that a deal allowing the Black Sea export of Ukraine grain should be extended. Speaking to reporters, Erdogan said that the deal will hopefully be extended from its current July 17 deadline as results of…

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Analysis-As deficit soars, Egypt expands money supply, fuelling inflation

By Patrick Werr CAIRO (Reuters) – Egypt risks fuelling its record inflation and putting more pressure on the Egyptian pound if it does not slow an expansion of the money supply which bankers and analysts say has been used to plug widening budget deficits. Central bank figures show “M1” money supply, which includes domestic currency…

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Russia’s Putin snubs Prigozhin, Biden jokes about poison

By Guy Faulconbridge MOSCOW (Reuters) -Russian President Vladimir Putin offered Wagner mercenaries the opportunity to keep fighting at a meeting just days after their failed mutiny but suggested Yevgeny Prigozhin be moved aside in favour of a different commander, the Kommersant newspaper said. Putin initially said he would crush the June 23-24 mutiny, comparing it…

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Russia says West is sponsoring ‘nuclear terrorism’ after Ukrainian drone strike

By Andrew Osborn MOSCOW (Reuters) – Russia accused the West on Friday of sponsoring “nuclear terrorism” after authorities said a Ukrainian drone had struck the western Russian town of Kurchatov, where a nuclear power station similar to the ill-fated Chernobyl plant is located. Roman Starovoit, the governor of Russia’s Kursk region which borders Ukraine, said…

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World Court backs Colombia in maritime border dispute with Nicaragua

(This July 13 story has been refiled to change the pronoun used to quote the judge, to she, from he, in paragraph 3) AMSTERDAM/BOGOTA (Reuters) – The World Court on Thursday rejected a lawsuit by Nicaragua seeking to define and expand its deep sea economic rights beyond those previously established in a long-running maritime border…

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Euro zone almost eliminates trade deficit in May

BRUSSELS (Reuters) – The euro zone almost eliminated its trade deficit in May, non-adjusted data showed on Friday, as exports of chemicals and machinery picked up and the value of imported energy products, notably from Russia, declined. The European Union statistics office Eurostat said the seasonally unadjusted trade balance of the 20 countries sharing the…

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