KHARTOUM (Reuters) – Sudan’s conflict between the army and a paramilitary group called the Rapid Support Forces (RSF) has prompted foreign countries to race to extract their diplomats and citizens. Several countries evacuated nationals by air, while some went via Port Sudan on the Red Seaabout 800 km (500 miles) by road from Khartoum. This…
By Andrew Gray LUXEMBOURG (Reuters) – EU foreign policy chief Josep Borrell expressed confidence on Monday that the bloc would finalise a plan within days to buy ammunition for Ukraine after Kyiv expressed frustration at wrangling among EU member states. “Yes, still there is some disagreement. But I am sure everybody will understand that we…
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold rates at 7.5% on Friday, a Reuters poll showed, with the risk of inflationary pressure picking up limiting the bank’s room for manoeuvre on any monetary easing. Last year, the bank gradually reversed a late February emergency rate…
MILAN (Reuters) – Italian fashion house Valentino reported on Monday an 18% rise in core profit for 2022 as sales rose 10% at constant currencies, boosted by its directly operated shops and defying a weak Chinese market. Controlled by Qatari investment vehicle Mayhoola, Valentino reported preliminary revenue of 1.42 billion euros ($1.56 billion) last year….
COPENHAGEN (Reuters) – Denmark’s government presented on Monday what it said was a “tight” fiscal spending plan for 2023, seeking to help bring down soaring inflation with a much-delayed budget for the year. “The primary aim is to get Denmark through tough times,” Finance Minister Nicolai Wammen told reporters, calling the government’s policy a “very…
ISTANBUL (Reuters) – Turkish inflation will dip to 46.4% by end-2023, a Reuters poll showed on Monday, while the policy rate is seen rising to 24% next quarter after upcoming elections that pose the greatest challenge to President Tayyip Erdogan’s 20-year rule. Turkey’s consumer price index surged in the wake of a currency crisis sparked…
By Catarina Demony and Gabriel Araujo LISBON (Reuters) – Trying to lure back wary foreign investors, Brazil’s President Luiz Inacio Lula da Silva vowed on Monday to restore stability and credibility, inviting Portuguese businesses and others to build partnerships with his country’s companies. “Brazil is ready to go back to being a big country,” Lula…
By Ernest Scheyder SANTIAGO (Reuters) -Chilean President Gabriel Boric’s plan to nationalize his country’s immense lithium industry is putting the spotlight on an emerging crop of filtration technologies aimed at revolutionizing how the metal is produced for the electric vehicle industry. In a national prime time address, Boric said last Thursday a new state-owned company…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The “very generous” pay rise secured by Germany’s public sector workers may complicate the European Central Bank’s fight against inflation, analysts said on Monday. The proposed deal will give 2.5 million employees in Europe’s largest economy a 5.5% permanent increase next year, on top of a…
LONDON (Reuters) – Len Goodman, the head judge on British television dancing competition “Strictly Come Dancing” and its U.S. version “Dancing with the Stars”, has died aged 78, the BBC said on Monday. Goodman was a successful professional ballroom dancer, winning the British championships in his late twenties before retiring from the sport and opening…
