By Mohamed Noureldin KHARTOUM (Reuters) – Sudan’s warring military factions agreed to a new and longer seven-day ceasefire from Thursday, neighbour and mediator South Sudan said, even as more air strikes and shooting in the Khartoum capital region undercut their latest supposed truce. Previous ceasefire pledges have ranged from 24 to 72 hours but there…
By Scott DiSavino NEW YORK (Reuters) -Oil prices sank about 5% to a five-week low on Tuesday on concerns about the economy as U.S. politicians discuss ways to avoid a debt default and investors prepare for more rate hikes this week. Brent futures fell $3.99, or 5.0%, to settle at $75.32 a barrel, while West…
By Clyde Russell LAUNCESTON, Australia (Reuters) -Asia’s imports of liquefied natural gas (LNG) fell in April as major buyers China and Japan trimmed purchases, offsetting small gains among South Asian countries. The total volume of the super-chilled fuel imported was 20.86 million tonnes in April, down from March’s 22.23 million and 22.19 million in February,…
(Reuters) – Tesla Inc was the biggest loser among top companies by market capitalisation in April, hit by disappointing quarterly earnings after it posted the lowest quarterly gross margin in two years. Tesla’s market cap dropped to $520.7 billion at the end of April from $657.5 billion in March, a 20.8% decline, pushing it to…
By Yousef Saba and Lisa Barrington DUBAI (Reuters) – Emirates Airline President Tim Clark said on Tuesday that new Saudi airlines and the expansion of regional competitors will not affect the Dubai-based carrier, adding that he sees resilient demand, especially for leisure travel. A number of Emirates’ competitors, such as Air India and Saudia, have…
By Orhan Coskun, Ahmed Rasheed and Timour Azhari ANKARA/BAGHDAD (Reuters) – ISIS leader Abu Hussein al-Qurashi’s six-month rule ended when he detonated a suicide vest during a Turkish special forces raid in northwest Syria on Saturday after refusing to surrender, a senior Turkish security official said. The third ISIS leader to die by detonating an…
ISTANBUL (Reuters) – Growth in new orders and output helped Turkish factory activity expand at a faster pace in April, as the sector continued its recovery in the wake of massive earthquakes in early February. The Purchasing Managers’ Index (PMI) for manufacturing rose to 51.5 last month from 50.9 in March, staying above the 50-point…
By El Tayeb Siddig and Nafisa Eltahir KHARTOUM (Reuters) -The United Nations warned on Monday that the conflict in Sudan could force 800,000 people to flee the country as battles between rival military factions persisted in the capital despite a supposed ceasefire. Hundreds of people have been killed and thousands wounded over 16 days of…
By Shariq Khan BENGALURU (Reuters) – Oil prices dropped by a dollar a barrel on Monday after weak economic data from China and expectations of another U.S. interest rate hike outweighed support from OPEC+ supply cuts that take effect this month. Brent crude fell $1.02, or 1.3%, to settle at $78.45 a barrel, while U.S….
By Emily Rose JERUSALEM (Reuters) -The U.S. should invite Israeli Prime Minister Benjamin Netanyahu to the White House for an official visit, U.S. House of Representatives Speaker Kevin McCarthy said on Monday, as a customary invitation has not been extended in the five months since Netanyahu’s election. “I expect the White House to invite the…
