The Africa Centres for Disease Control and Prevention on Tuesday called for $18 million in urgent funding to support trials of experimental Ebola treatments in the Democratic Republic of Congo, warning that delays could jeopardize efforts to contain the outbreak.The appeal comes as clinical trials…
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Kongsberg Gruppen OSL:KOG will provide its defense system to Kuwait in a deal with Raytheon under the U.S. Foreign Military Sales programme, the Norwegian technology company said on Tuesday.The contract for deliveries of Norwegian Advanced Surface-to-Air Missile System (NASAMS) is worth around $400…
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Bangladesh's central bank left its benchmark interest rate unchanged at 10% on Tuesday, signalling it will maintain a tight monetary policy stance as it prioritises bringing down inflation despite slowing economic growth and rising global risks.In its monetary policy statement, the central bank war…
By Maria MartinezGerman inflation fell to 2.4% in June from 2.7% the previous month, preliminary data from the national statistics office showed on Tuesday.Analysts polled by Reuters had forecast the EU-harmonised consumer price index to come in at 2.5%.Core inflation, which excludes volatile items…
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By Jamie McGeever"Tariff" is famously Donald Trump's favorite word, and the U.S. president’s continued use of it unleashed fear across markets last year as his administration unilaterally imposed the most protectionist set of trade policies since the 1930s. But the bark was far worse than the bite…
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By Sumit SahaGold edged higher from a near seven-month low on Tuesday but remained on track for its worst quarterly performance since the second quarter of 2013, as the dollar remained firm amid expectations of U.S. interest rate hikes.Spot gold TVC:GOLD inched up 0.4% at $4,031.29 per ounce, as of…
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South Africa recorded a trade deficit of 1.79 billion rand ($109.43 million) in May, revenue service figures showed on Tuesday.Analysts polled by Reuters had predicted a trade surplus of 12.75 billion rand in May.($1 = 16.3577 rand)
Air Products NYSE:APD said on Tuesday it will not proceed with the Louisiana Clean Energy Complex project, which could result in pre-tax charges in the third quarter.The company said the pre-tax charges are not expected to exceed $2.9 billion.
Deutsche Bank said on Tuesday that Kotak Mahindra Bank would acquire its Indian retail banking and wealth management business in India.The business with around 1,000 employees comprises around 2.7 billion euros ($3.08 billion) in loans and serves 150,000 customers, Deutsche Bank said.Reuters report…
More sophisticated regulatory frameworks may be needed to monitor and contain the risks AI poses to the financial system, one of the Bank of England's deputy governors said on Tuesday.Speaking at the European Central Bank Forum on central banking in Portugal, Sarah Breeden, deputy governor for fina…
India is likely to receive below-average monsoon rainfall in July after logging its fifth-driest June since records began in 1901, the weather department said on Tuesday, raising concerns over farm output and economic growth in Asia's third-largest economy.July monsoon rainfall is forecast to be be…
