NAIROBI (Reuters) – Kenya’s private sector activity fell in April as both the manufacturing and services sectors slowed, with inflation and political unrest leading to a drop in consumer demand and dampening the outlook, a survey showed on Thursday. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) fell to 47.2 from 49.2 in March. Readings…
LONDON (Reuters) – Goldman Sachs said on Thursday it was “cautious” on Turkish banks heading into the May 14 election, with lenders more vulnerable than the country’s other stocks to a potential post-vote rate hike following years of unorthodox monetary policy. Polls show President Tayyip Erdogan risks losing the landmark election largely due to a…
By Humeyra Pamuk WASHINGTON (Reuters) – U.S. citizen Jose Pereira, who was “wrongfully detained” in Venezuela exactly one year ago, stood meters away from the White House on Wednesday and pleaded with U.S. President Joe Biden to step up efforts to bring home Americans detained abroad. Pereira was among the executives who worked for U.S….
By Andrea Shalal WASHINGTON (Reuters) – Oklahoma is seeing a sharp increase in foreign investment interest, especially in its renewable energy sector, and is on the cusp of signing large new deals with firms in Switzerland and Asia, Governor Kevin Stitt told Reuters on Wednesday. Stitt said Oklahoma, which just signed a trade agreement with…
By David Shepardson WASHINGTON (Reuters) -The United States will allow Chinese airlines to increase U.S. passenger services to 12 weekly round-trips, the Transportation Department (USDOT) said on Wednesday, equal to the number of flights Beijing has permitted for American carriers. It is a boost from the eight weekly round-trip flights currently allowed by Chinese carriers and matches…
By Sarah Morland MEXICO CITY (Reuters) -Mexico’s president asked his U.S. counterpart Joe Biden to stop the United States Agency for International Development (USAID) from funding groups hostile to his government, according to a letter presented to journalists on Wednesday, echoing previous Mexican criticism of U.S. interventionism. President Andres Manuel Lopez Obrador did not specify…
(Reuters) – A protracted default on U.S. payment obligations could result in the loss of 8.3 million jobs and a 6.1% reduction in economic output, according to an analysis by the White House Council of Economic Advisers released on Wednesday. Such an unprecedented default “would likely lead to severe damage to the economy, with job…
By Sam Jabri-Pickett TORONTO (Reuters) -Google and Meta would withdraw access to news articles in Canada if legislation compelling internet companies to pay news publishers is passed, company executives told Canadian lawmakers on Wednesday. Canada’s proposed legislation would force platforms like Google parent Alphabet Inc and Facebook parent Meta Platforms Inc to negotiate commercial deals…
By Jonathan Stempel and Jack Queen NEW YORK (Reuters) -E. Jean Carroll, the writer accusing Donald Trump of rape and defamation, on Monday denied making up her claims to drive publicity for her memoir. Testifying in Manhattan federal court after the judge denied Trump’s request for a mistrial, Carroll said she wasn’t seeking attention through…
By Jack Queen (Reuters) -Donald Trump denied raping writer E. Jean Carroll in a deposition video played on Wednesday for a Manhattan federal jury, as the former U.S. president sought to defend himself in a civil trial without testifying in person. Trump, front-runner for the 2024 Republican presidential nomination, said in the October 2022 deposition…
