By Swati Bhat MUMBAI (Reuters) -India’s current account deficit narrowed sharply in the January to March quarter, helped by a smaller trade gap and increased services exports, the Reserve Bank of India (RBI) said on Wednesday. The current account deficit (CAD) stood at $1.3 billion, or 0.2% of gross domestic product (GDP), in the fourth…
By Ayenat Mersie and Mukelwa Hlatshwayo NAIROBI (Reuters) -Mohamed Ali doesn’t believe gay Africans exist. He says homosexuality is a Western invention imposed on the continent. Openly gay Africans are liars seeking visas to the West or money from rights groups, he adds. Ali is a member of Kenya’s parliament. He is desperate to follow…
By Raul Cortes and Daniel Ramos LA PAZ (Reuters) – Bolivia’s “economic miracle,” a boom in the 2000s and 2010s that saw years of state spending lift millions of people into the middle class, is creaking, a warning sign to the wider region battling high inflation, shrinking government coffers and tepid growth. For years the…
By Ludwig Burger FRANKFURT (Reuters) -Shares in kidney dialysis group Fresenius Medical Care fell as much as 5% on Tuesday after a payment increase proposed by a major U.S. public health insurance body fell short of market expectations. Analysts said the base-rate payment increase of 1.6%, proposed for 2024 by the Centers for Medicare &…
By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Monday granted preliminary approval to JPMorgan Chase’s $290 million settlement with women who said Jeffrey Epstein abused them, and that the largest U.S. bank turned a blind eye to the late financier’s sex trafficking. The approval was issued by U.S. District Judge…
SARAJEVO (Reuters) – Unless EU aspirant Montenegro adopts a new economic growth strategy that would boost productivity and human capital, its incomes will not converge with average EU levels in the next 40 years, the World Bank warned on Tuesday. The tiny Adriatic country, which started EU accession negotiations in 2012, hopes to speed up…
TEGUCIGALPA (Reuters) – Honduras’ military began taking control of the country’s violent prisons on Monday, following a gang dispute that left 46 inmates dead at a women’s detention center last week, officials said. Leftist President Xiomara Castro announced last week she would hand the military police control of the prison system, a departure from a…
By Carolina Pulice MEXICO CITY (Reuters) – An index evaluating Latin American countries’ ability to root out corruption showed most countries moving backward, according to the ranking released on Tuesday. The 2023 Capacity to Combat Corruption (CCC) Index, published jointly by Americas Society/Council of the Americas and Control Risks, points to a decline in the…
By Greg Torode and Yew Lun Tian HONG KONG (Reuters) – Amid intensifying military deployments across East Asia, high-level defence dialogue between China and the United States remains frozen. U.S. Secretary of State Antony Blinken did not secure any progress on the issue during his visit to Beijing last week. U.S. Defence Secretary Lloyd Austin…
By Vivek Mishra and Anant Chandak BENGALURU (Reuters) – India’s current account balance likely turned positive in January-March, marking the first quarterly surplus in nearly two years thanks to a narrower trade deficit and an increase in services exports, a Reuters poll found. The latest survey of 22 economists showed the current account balance likely…
