NAIROBI (Reuters) – Kenya will sign a trade pact with Russia aimed at boosting cooperation between businesses, President William Ruto’s office said on Monday, after hosting Russian Foreign Minister Sergei Lavrov in Nairobi. Russia has stepped up its drive to boost economic ties with Africa to help offset a big chill in relations with the…
By Karin Strohecker and Libby George LONDON (Reuters) – The top policymaker picks of Turkey’s re-elected president Tayyip Erdogan are taking centre stage as markets try to gauge whether he will change course towards economic orthodoxy or double down on policies widely viewed as unsustainable. Erdogan is widely expected to use his victory in Sunday’s…
By Elizabeth Howcroft LONDON (Reuters) -European stock indexes edged lower on Monday and euro zone bond yields dropped, but news that the U.S. had reached a debt ceiling deal over the weekend kept Wall Street futures positive. U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal on Saturday to raise…
By Dhara Ranasinghe LONDON (Reuters) – The dollar nudged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite in world markets and dented the greenback’s safe-haven appeal. U.S. President Joe Biden on Sunday finalised a budget agreement with House Speaker Kevin McCarthy to suspend…
DUBLIN (Reuters) – Annual Irish retail sales volumes rose sharply again last month due to another surge in car sales, jumping 7.5% year-on-year, Central Statistics Office data showed on Monday. When a 23.5% year-on-year increase in motor trades was excluded, retail sales rose by 0.5% month-on-month compared with a headline monthly increase of 2.8% and…
By Issam Abdallah and Burcu Karakas ANKARA/ISTANBUL (Reuters) – President Tayyip Erdogan’s election victory showed the magnetic hold he still has over millions of Turks after 20 years in power, with many believing he is the man best placed to fix problems which critics say are partly of his own making. Hundreds of thousands of…
(Reuters) – Belarusian President Alexander Lukashenko said that if any other country wanted to join a Russia-Belarus union there could be “nuclear weapons for everyone”. Russia moved ahead last week with a plan to deploy tactical nuclear weapons in Belarus, in the Kremlin’s first deployment of such warheads outside Russia since the 1991 fall of…
By Deniz Uyar ISTANBUL (Reuters) – Merve Dizdar, best actress winner at the Cannes Film Festival, returned to Turkey on Sunday and was met both by cheering fans and sharp criticism, highlighting the extreme polarisation in the country. Dizdar, who delivered an emotional speech on the struggle of women in Turkey upon receiving her prize…
By Toby Sterling AMSTERDAM (Reuters) – Uber is seeing an influx of European taxi drivers joining its platform, an executive told Reuters, a surprising development given the history of tensions between the company and the traditional taxi industry. In an interview, Uber’s Anabel Diaz, who oversees the company’s mobility (ride-sharing) business in EMEA, said business…
(Reuters) -Key jobs figures in the United States, Chinese business activity data and European inflation readings are giving more evidence on the pull and push factors impacting the world’s top economies. A deal on the U.S. debt ceiling, struck on Sunday, will move to Congress for a vote while in Turkey, voters gave President Tayyip…
