LAGOS (Reuters) – Nigeria’s subsidies on petrol, electricity and foreign exchange are mostly benefiting wealthy households, the World Bank said…
ECB’s Villeroy: inflation in France and Europe will peak in first half of 2023
PARIS (Reuters) – Inflation should reach its peak in France and in Europe by the first half of next year,…
U.S. Supreme Court rebuffs RBS ex-banker’s whistleblower award bid
By Andrew Chung (Reuters) – The Supreme Court on Monday declined to hear former Royal Bank of Scotland managing director…
Energy windfall improved Algeria’s economic position, says IMF
TUNIS (Reuters) – Higher energy prices have “materially improved” the Algerian economy’s near-term outlook, the International Monetary Fund (IMF) said…
Macron hosts European CEOs to counter US move temptation
PARIS (Reuters) – French President Emmanuel Macron on Monday will host a dinner with a number of European chief executives…
Greek economy to grow by 1.8% in 2023, rebound hurt by energy crisis
ATHENS (Reuters) -Greece’s economy should grow by 1.8% next year, at a slower pace than initially expected, as soaring energy…
Power struggle divides Bolivia as soy-rich Santa Cruz demands more clout
By Andrea Martinez, Monica Machicao and Daniel Ramos SANTA CRUZ/LA PAZ, Bolivia (Reuters) – Tropical, sunny and relatively wealthy, Bolivia’s…
ECB’s Lane makes case for smaller rate hikes ahead – MNI
FRANKFURT (Reuters) -The European Central Bank will raise interest rates again in December and next year to fight inflation but…
Lula to start job interviews for Petrobras overhaul, sources say
By Sabrina Valle (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva begins interviews this week with candidates to run…
Malaysian markets slip on election stalemate, Islamist party’s gains
By Rae Wee and Tom Westbrook SINGAPORE (Reuters) – Malaysia’s share market and ringgit currency weakened on Monday, after a…