By Hannah Lang WASHINGTON (Reuters) -The dollar rose on Friday after new data showed U.S. job growth accelerated in November and the unemployment rate dropped, pointing to underlying strength in the labor market. The U.S. dollar index was last up 0.3% at 104.0, on track for a modest weekly gain after a bruising November, in …
Dollar up after strong US jobs data, takes back some losses from yen Read More »
(Reuters) -Ethiopia appeared to be on the brink of a debt default on Friday after talks with key holders of the African country’s $1 billion international bond ended without agreement. The combined cost of the COVID pandemic and the recently-ended civil war in its northern Tigray region has left Ethiopia, long seen as one of …
Ethiopia edges towards default as bondholder talks falter Read More »
By Aidan Lewis CAIRO (Reuters) -Egyptian President Abdel Fattah al-Sisi has been criticised as a despot for crushing opposition lingering from a brief period of democracy, while winning praise from supporters for boosting security and driving an army-led infrastructure binge. The former military chief is set to secure a third term in a Dec. 10 …
Set to win reelection, Egypt’s Sisi is authoritarian leader with penchant for bridges Read More »
JOHANNESBURG (Reuters) – Thabsie Mabezane, a transgender woman and LGBT+ activist in South Africa, was aware of personal safety when she met a man on the dating app Tinder earlier this year. She told him that she preferred to meet up in a public space instead of at his home. But as she waited at …
Dating app abductions raise fears for LGBT+ safety in South Africa Read More »
HARARE (Reuters) – Zimbabwe said on Friday that career banker John Mushayavanhu would take over as its central bank governor next year. President Emmerson Mnangagwa’s government said in a statement that Mushayavanhu has more than 30 years of experience at banks including Standard Chartered Bank and FBC Bank. Mushayavanhu will replace John Mangudya, whose 10-year …
Zimbabwe names Mushayavanhu as next central bank governor Read More »
(Reuters) – Egypt holds a presidential election on Dec. 10-12 in which Abdel Fattah al-Sisi is set to secure six more years in power. The vote comes after a decade-long crackdown on dissent that has seen critics from across the political spectrum jailed. Authorities say the crackdown was needed to stabilise Egypt and that it …
Factbox-Egypt’s election follows long crackdown on dissent Read More »
By Aidan Lewis and Patrick Werr CAIRO (Reuters) – Egypt holds a presidential election on Dec. 10-12 in which Abdel Fattah al-Sisi is set to secure a third term amid an economic crisis that has seen the Egyptian pound tumbling, foreign currency drying up and inflation soaring. WHAT CAUSED EGYPT’S ECONOMIC WOES? Some causes date …
Explainer-How deep are Egypt’s economic troubles? Read More »
RABAT (Reuters) – Morocco on Friday joined an international campaign to phase out coal, as it plans to secure more than half of its energy needs from renewables in the next seven years. The Powering Past Coal Alliance (PPCA) now counts 60 national governments united by the desire to make a clean break with coal-fired …
Morocco joins international campaign to phase out coal Read More »
By Bhargav Acharya JOHANNESBURG (Reuters) -South Africa’s government on Friday appointed Dan Marokane as its next Chief Executive Officer of its state power firm Eskom, which has implemented the worst rolling blackouts on record this year. Marokane, who previously held senior Eskom positions, including as its head of group capital, will rejoin no later than …
South Africa picks Marokane as next CEO of power firm Eskom Read More »
By Sonia Rolley (Reuters) – Democratic Republic of Congo’s electoral commission (CENI) has asked the presidency to provide aircraft urgently to help distribute voting materials, just two weeks ahead of national elections, according to a letter seen by Reuters on Friday. The request highlights the logistical challenges to delivering the Dec. 20 vote as scheduled …
Congo election commission seeks urgent help to distribute voting materials Read More »
