TUNIS (Reuters) – Tunisia holds an election for a new parliament on Saturday. Opposition parties say the legislative chamber – introduced under reforms that concentrated power in the hands of …
Reuters
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By Angus McDowall and Tom Perry TUNIS (Reuters) – President Kais Saied has dramatically reshaped Tunisian politics in his favour since mid-2021, amassing near total power in what critics see …
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US and World News
Latin American leftist bloc closes ranks behind deposed Peruvian president
by Reutersby ReutersHAVANA (Reuters) – A bloc of left-wing countries meeting in Havana on Wednesday closed ranks in support of the ousted former president of Peru, Pedro Castillo, amid protests and roadblocks …
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Business News
Deutsche Bank names ex Citi banker Di Stefano as EMEA VP Origination&Advisory
by Reutersby ReutersMILAN (Reuters) – Deutsche Bank has appointed Pierpaolo Di Stefano as vice chairman, Origination & Advisory for the EMEA (Europe, Middle East and Africa) region, starting Jan. 1, the lender …
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Business News
Sri Lanka’s economy shrinks 11.8% in second-worst quarterly performance
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s economy shrank 11.8% in the July-September quarter from a year ago, government data showed on Thursday, the second-worst quarterly contraction ever for the …
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BRUSSELS (Reuters) – European Parliament president Roberta Metsola told EU leaders on Thursday she would lead reforms to prevent a repeat of a corruption scandal that has rocked the assembly. …
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By Chijioke Ohuocha ABUJA (Reuters) -Annual inflation in Nigeria climbed to 21.47% in November from October’s rate of 21.09%, accelerating for the 10th straight month as food prices surged, the …
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By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) – A group of HSBC’s Hong Kong-based retail investors are seeking support to demand the bank restore its pre-pandemic dividend and …
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Business News
ECB sets core capital threshold for Italy’s Intesa at 8.88% from 8.81%
by Reutersby ReutersMILAN (Reuters) – The European Central Bank has set the minimum threshold for Intesa Sanpaolo’s core capital at 8.88% for next year, fractionally higher than the current 8.81% requirement, Italy’s …
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(Reuters) – Futures for Canada’s resources-heavy main stock index rose on Thursday as oil prices recouped early losses, while a sharp drop in gold kept gains in check after hawkish …
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Business News
Deutsche Post eyes takeover of Deutsche Bahn’s Schenker – Manager Magazin
by Reutersby ReutersBERLIN (Reuters) – Deutsche Post subsidiary DHL is interested in buying Schenker, the logistics subsidiary of German rail operator Deutsche Bahn, Manager Magazin reported on Thursday, citing people familiar with …
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Business News
Nepal to end eight-month ban on imports of cars, phones as reserves rise
by Reutersby ReutersBy Gopal Sharma KATHMANDU (Reuters) – Nepal will end an eight-month ban on the import of cars, expensive mobile phones and liquor on Friday as the country’s foreign currency reserves …
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Business News
Norway central bank hikes rate by quarter point, likely to act again
by Reutersby ReutersBy Victoria Klesty OSLO (Reuters) – Norway’s central bank raised its benchmark interest rate by 25 basis points to a 13-year high of 2.75% on Thursday, as expected by economists, …
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Business News
Eletrobras, Shell mull co-investment in Brazil offshore wind power
by Reutersby ReutersSAO PAULO (Reuters) – Brazilian power company Eletrobras said on Thursday it has signed a cooperation agreement with Shell as they exchange information for a potential co-investment in offshore wind …
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Business News
Brazil central bank ups 2022 GDP growth, maintains deceleration for 2023
by Reutersby ReutersBRASILIA (Reuters) -Brazil’s central bank improved on Thursday its projection for 2022 GDP due to a methodological revision that implied a better first-half result, but kept the perspective of a …
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Business News
Meta accused in lawsuit of allowing posts that inflamed Ethiopia conflict
by Reutersby ReutersBy Katie Paul and Ayenat Mersie (Reuters) – Meta Platforms was accused in a lawsuit filed in Kenya on Wednesday of letting violent and hateful posts from Ethiopia flourish on …
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Business News
Barclays weighs Saudi re-entry amid capital markets boom – sources
by Reutersby ReutersBy Pablo Mayo Cerqueiro and Hadeel Al Sayegh (Reuters) -Barclays is exploring a return to Saudi Arabia in a bid to capture a slice of the country’s burgeoning capital markets, …
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Business News
Holiday bookings are back at upscale restaurants – at higher prices
by Reutersby ReutersBy Hilary Russ NEW YORK (Reuters) – Holiday parties are back at posh eateries – even with soaring menu prices. At the Michelin-starred restaurant Boka in Chicago, bookings are back …
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Business News
EDF’s nuclear reactors will struggle to reach 400 TWH annual output levels again
by Reutersby ReutersPARIS (Reuters) – France’s nuclear fleet will struggle to reach previous annual output levels of 400 terrawatt hours over the years to come, the head of the country’s power grid …
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US and World News
EU countries have another go at Russia sanctions amid Polish, Baltic concerns
by Reutersby ReutersBRUSSELS (Reuters) -European Union countries will make another push to agree on a ninth package of sanctions against Moscow on Thursday after Poland and Lithuania blocked a deal over concerns …
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US and World News
Unexplained leak from docked Soyuz spacecraft cancels Russian ISS spacewalk
by Reutersby ReutersBy Steve Gorman (Reuters) -A routine spacewalk by two Russian cosmonauts aboard the International Space Station (ISS) was called off as it was about to begin after flight controllers noticed …
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Business News
Factbox-Big banks see global economy slowing more in 2023, with likely U.S. recession
by Reutersby Reuters(Reuters) – The world’s largest investment banks expect global economic growth to slow further in 2023 following a year roiled by the Ukraine conflict and soaring inflation, which triggered one …
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Business News
Greek Jan-Nov primary budget deficit beats target, tax revenues help
by Reutersby ReutersATHENS (Reuters) -Greece’s central government reported a lower-than-expected primary budget deficit in the first 11 months of the year as tax revenues slightly beat initial estimates, finance ministry data showed …
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AMSTERDAM (Reuters) – ING Groep, the largest Dutch financial services company, on Thursday said it intends to promote Pinar Abay to head of retail banking. Ms. Abay, a Turkish national …
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By Aby Jose Koilparambil (Reuters) -British electricals retailer Currys cut its full-year profit forecast on Thursday after heavy discounting by rivals in the Nordics region drove it to a first-half …