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Monthly archive

OPEC and allies prepare to deepen oil output cuts

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S., August 22, 2018. PHOTO BY REUTERS/Nick Oxford

By Rania El Gamal, Shadia Nasralla and Alex Lawler

05/12/2019

VIENNA (Reuters) - OPEC and its allies led by Russia were moving closer on Thursday to agreeing to deeper oil supply cuts next year to support crude prices and prevent a glut, sources from OPEC and its allied producers said.

Read more about OPEC and allies prepare to deepen oil output cuts

Kosgei targets Olympic gold after smashing world record

Kenya's Brigid Kosgei crosses the finish line winning the women's marathon and setting a new world record. PHOTO BY REUTERS/Mike Segar

By Omar Mohammed and Isaack Omulo

05/12/2019

ELDORET, Kenya (Reuters) - Kenya's Brigid Kosgei, the fastest-ever woman marathon runner, has set her sights on next year's Olympic games, where a win will solidify her place among the greatest to have ever competed in the sport.

Read more about Kosgei targets Olympic gold after smashing world record

Rwanda signs deal with Paris St Germain to promote tourism

Paris St Germain's Presnel Kimpembe applauds the fans after the match. PHOTO BY REUTERS/Susana Vera

04/11/2019

KIGALI (Reuters) - Rwanda signed a deal on Wednesday with French soccer club Paris St Germain to promote tourism in the east African nation, its second such agreement since last year.

Read more about Rwanda signs deal with Paris St Germain to promote tourism

Egypt to get $1.1 bln from ITFC to fund commodities imports

Egypt's Supply Minister Ali Moselhy speaks to the media during a news conference about the launch of the Government’s local wheat harvest in Beni Suef, south of Cairo, Egypt, April 24, 2017. PHOTO BY REUTERS/Amr Abdallah Dalsh

04/11/2019

CAIRO (Reuters) - The International Islamic Trade Finance Corporation (ITFC) will provide $1.1 billion of funding to help Egypt with imports of petroleum products and basic commodities in 2020, Egypt's petroleum and supply ministries said on Wednesday.

Read more about Egypt to get $1.1 bln from ITFC to fund commodities imports

Kenya forcing importers to use costly new Chinese railway, businessmen say

Demonstrators hold signs against the Kenyan government, which plans to allow transport of goods from the Mombasa port only by railway, during a protest in Mombasa, Kenya, September 30, 2019. PHOTO BY REUTERS/Joseph Okanga

By Duncan Miriri

03/12/2019

MOMBASA, Kenya (Reuters) - Kenya's new Chinese-built railway should have been a boon for business. The $3.3 billion line sliced hours off the journey from the port city of Mombasa to the capital, Nairobi.

Read more about Kenya forcing importers to use costly new Chinese railway, businessmen say

U.N. sends troops to halt bout of ethnic violence in South Sudan

United Nations Mission in South Sudan (UNMISS) peacekeepers meet women and children on their path during a patrol near Bentiu, northern South Sudan, February 11, 2017. PHOTO BY REUTERS/Siegfried Modola

03/12/2019

JUBA (Reuters) - The United Nations has sent a contingent of peacekeepers to an area of central South Sudan where about 80 people have been killed in a bout of fighting between two ethnic communities, the the U.N. and a local official said on Tuesday.

Read more about U.N. sends troops to halt bout of ethnic violence in South Sudan

Lawyer says establishing Mugabe's assets will take a long time

A soldier stands beside a picture of former Zimbabwean President Robert Mugabe during a church service at his rural village in Kutama, Zimbabwe, September 28, 2019. PHOTO BY REUTERS/Philimon Bulawayo

By MacDonald Dzirutwe

03/12/2019

HARARE (Reuters) - The process of establishing the assets of the late Robert Mugabe will take some time, his lawyer said on Tuesday, casting doubt on a state media report that the former Zimbabwean leader left $10 million and some properties in the capital.

Read more about Lawyer says establishing Mugabe's assets will take a long time

Egypt's non-oil private sector shrinks to slowest in over two years - PMI

Construction machines and labourers work at the future headquarters of the Council of Ministers in the government district of the New Administrative Capital (NAC) east of Cairo, Egypt, May 2, 2019. PHOTO BY REUTERS/Amr Abdallah Dalsh

03/12/2019

CAIRO (Reuters) - Activity in Egypt's non-oil private sector contracted in November for the fourth consecutive month, falling to its lowest since September 2017, a survey showed on Tuesday.

Read more about Egypt's non-oil private sector shrinks to slowest in over two years - PMI

Don't fiddle while the planet burns, U.N. chief warns climate summit

Spain's acting Prime Minister Pedro Sanchez, Chile's Minister of Environment and new president of the 2019 UN Climate Change conference (COP25) Carolina Schmidt, U.N. Secretary-General Antonio Guterres, European Commission President Ursula von der Leyen and European Council President Charles Michel pose with leaders for a family photo during U.N. climate change conference (COP25) in Madrid, Spain, December 2, 2019. PHOTO BY REUTERS/Susana Vera

By Isla Binnie and Jake Spring

03/12/2019

MADRID (Reuters) - The world must choose hope over surrender in the fight against climate change, U.N. secretary-general Antonio Guterres said on Monday, warning a summit in Madrid that governments risked sleepwalking past a point of no return.

Read more about Don't fiddle while the planet burns, U.N. chief warns climate summit

Growth in global carbon emissions slowed in 2019: report

Chimney of Laziska Power Station, a thermal power plant, is seen behind Boleslaw Smialy Coal Mine in Laziska Gorne, Poland, December 5, 2018. PHOTO BY REUTERS/Kacper Pempel

By Matthew Green

03/12/2019

MADRID (Reuters) - A surprise drop in coal use in the United States and Europe has helped to slow the growth of global carbon dioxide emissions this year, with softening demand in China and India also contributing, according to a study published on Wednesday.