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By Duncan Miriri DAR ES SALAAM (Reuters) -An initiative to connect 300 million Africans to electricity in the next six years has won new pledges worth more than $8 billion from lenders including the Islamic Development Bank and the Asia Infrastructure Investment Bank. The Mission 300 initiative, launched by the World Bank and the African …

Plan to get electricity to more Africans wins $8 billion in new pledges Read More »

By Nicole Jao NEW YORK (Reuters) -Oil prices settled up on Tuesday, bouncing back from multi-week lows, after the White House reaffirmed U.S. President Donald Trump’s plans to issue tariffs on Canadian and Mexican imports this week. Fears of weaker demand linked to soft economic data from China and rising temperatures elsewhere capped gains. Brent …

Oil prices rebound from multi-week lows as investors brace for Trump tariffs Read More »

By Chibuike Oguh and Greta Rosen Fondahn NEW YORK/GDANSK (Reuters) -The U.S. dollar advanced against the yen on Tuesday amid fresh tariff threats from the Trump administration and as concerns over the emergence of a low-cost Chinese artificial intelligence model faded. President Donald Trump said on Monday he planned to impose tariffs on imported computer …

US dollar advances against yen amid fresh tariffs threats Read More »

LONDON (Reuters) – Spirits giant Diageo has agreed to sell its 80.4% shareholding in Guinness Ghana to Castel Group for $81 million, it said on Tuesday, continuing to refine its operating model in Africa. Diageo said that it will retain ownership of the Guinness brand and other Diageo brands produced by Guinness Ghana, including some …

Diageo to sell Guinness Ghana stake to Castel for $81 million Read More »

By Ayman al-Warfalli and Ahmad Ghaddar BENGHAZI/LONDON (Reuters) – Libya’s state-run National Oil Corp (NOC) said that export activity was running normally after it held talks with protesters at the Es Sider and Ras Lanuf ports on Tuesday. “(Oil) operations are proceeding without interruption across all fields and ports, subsequent to discussions held with protesters …

Libya’s NOC says oil loadings normal following protests Read More »

By Yousef Saba, Maha El Dahan, Alex Lawler and Ahmad Ghaddar DUBAI (Reuters) -Saudi Arabia’s energy minister and several of his OPEC+ counterparts have held talks following U.S. President Donald Trump’s call for lower oil prices and ahead of a meeting next week of OPEC+ oil-producing countries, according to official statements and sources. Trump last …

Saudi, other OPEC+ ministers meet after Trump calls for lower oil price Read More »

JOHANNESBURG (Reuters) -The South African rand was little changed on Tuesday, a day after sinking in a sharp global selloff linked to advances by Chinese artificial intelligence (AI) startup DeepSeek. At 1314 GMT, the rand traded at 18.69 against the dollar, not far from its previous close, after losing roughly 1.7% on Monday. DeepSeek’s advances …

South African rand steady after DeepSeek-linked selloff Read More »

By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The Japanese yen and the Swiss franc gained while the U.S. dollar fell against major currencies on Monday amid a selloff in technology stocks as markets weighed the implications of a Chinese startup launching a free open-source artificial intelligence model. China’s DeepSeek rolled out a free …

DeepSeek worries drive yen and Swiss franc higher, dollar drops Read More »