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By Samuel Indyk and Rae Wee LONDON (Reuters) – The dollar touched a four-week peak against major peers on Thursday after upbeat labour market data a day earlier, while sterling remained lower after the Bank of England downshifted to a smaller 25 basis point hike. Data out on Wednesday showed U.S. private payrolls rose more than expected in July, while plans by the U.S. Treasury to increase the size of […]

By Tom Wilson LONDON (Reuters) – World share markets stumbled on Thursday as U.S. bonds yields hit nine-month peaks, with the dollar shrugging off a U.S. credit downgrade to hit a four-week high and the British pound dipping after the Bank of England raised interest rates. European shares slipped 0.6%, bruised by disappointing earnings reports and elevated U.S. bond yields, on course for their third straight day of losses. UK […]

By Tom Wilson LONDON (Reuters) – World share markets stumbled on Thursday as U.S. bonds yields hit nine-month peaks, with the dollar shrugging off a U.S. credit downgrade to hit a four-week high and the British pound dipping after the Bank of England raised interest rates. European shares slipped 0.6%, bruised by disappointing earnings reports and elevated U.S. bond yields, on course for their third straight day of losses. UK […]

CAIRO (Reuters) – The estimated number of people facing acute food insecurity in Sudan has risen faster than expected to 20.3 million, or 42% of the population, as a conflict between rival military factions deepens a humanitarian crisis, a food security body said. The worst hit areas include the capital Khartoum, the western region of Darfur, and parts of Kordofan, all of which have seen fighting, attacks and looting since […]

CAIRO (Reuters) – The estimated number of people facing acute food insecurity in Sudan has risen faster than expected to 20.3 million, or 42% of the population, as a conflict between rival military factions deepens a humanitarian crisis, a food security body said. The worst hit areas include the capital Khartoum, the western region of Darfur, and parts of Kordofan, all of which have seen fighting, attacks and looting since […]

(Reuters) – Jailed Russian opposition politician Alexei Navalny said on Thursday he expected to be handed a “Stalinist” sentence of about 18 more years in prison, in a post sent on the eve of a criminal case his supporters say has been trumped up. “It’s going to be a long sentence,” Navalny, 47, said in the post on his website. “What is called ‘Stalinist’.” He also called for resistance against […]

(Reuters) – Jailed Russian opposition politician Alexei Navalny said on Thursday he expected to be handed a “Stalinist” sentence of about 18 more years in prison, in a post sent on the eve of a criminal case his supporters say has been trumped up. “It’s going to be a long sentence,” Navalny, 47, said in the post on his website. “What is called ‘Stalinist’.” He also called for resistance against […]

ZURICH (Reuters) – Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade following Credit Suisse’s collapse earlier this year. Since the government engineered a rescue of the 167-year-old bank in March by merging it with rival UBS, tens of thousands of jobs have been expected to go. UBS is likely to provide more specifics later this month on its plans. Its savings […]

ZURICH (Reuters) – Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade following Credit Suisse’s collapse earlier this year. Since the government engineered a rescue of the 167-year-old bank in March by merging it with rival UBS, tens of thousands of jobs have been expected to go. UBS is likely to provide more specifics later this month on its plans. Its savings […]