Economic News

NAIROBI (Reuters) – Fifteen “radicalised” Kenyan Christians were rescued on Friday from a fast which began after they were told they were going to meet their maker, but four died during the rescue mission, police said.

(Reuters) – Ukraine has banned its national sports teams from competing in Olympic, non-Olympic and Paralympic events that include competitors from Russia and Belarus, the sports ministry said in a decree published on Friday.

By Humeyra Pamuk, Francesco Guarascio and David Brunnstrom

ELBASAN, Albania (Reuters) – A court in Albania decided on Friday not to extradite a Russian self-proclaimed blogger arrested last August on spying charges, who faces similar charges in Moscow.

(Fixes typo in first paragraph) By Joice Alves

WASHINGTON (Reuters) – U.S. business inventories rose moderately in February, suggesting that inventory investment could subtract from economic growth in the first quarter.

LONDON (Reuters) – HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group may fall through due to interest rate rises in France, the British bank said on Friday.

By Joe Bavier WASHINGTON (Reuters) – Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, is disrupting economic growth and endangering its long-term development, the International Monetary Fund’s (IMF) top official for the region said.

(Reuters) -Parler, a social media app popular with U.S. conservatives, was sold to digital media conglomerate Starboard for an undisclosed sum and will be shut down temporarily to give its new owner time to roll out a revamped version of the platform.

WASHINGTON (Reuters) – U.S. consumer sentiment inched up in April, but households expected inflation to rise over the next 12 months.

LONDON (Reuters) -A 23-year-old man was found guilty of threatening behaviour after throwing about a half-dozen eggs at King Charles in November when the monarch visited York in northern England, PA Media reported on Friday.

By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) – Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she added that the southern African oil producer’s government would not tap the

OSLO (Reuters) – Fifteen Russian diplomats expelled by Norway this week had sought to recruit sources, intercept communications and buy advanced technology, the Norwegian PST security police said on Friday.

THE HAGUE (Reuters) – The Netherlands will widen its existing euthanasia regulations to include the possibility of doctor-assisted death for terminally ill children between one and twelve years old, the Dutch government said on Friday.

ROME (Reuters) – A project to build a bridge connecting the Italian mainland to the island of Sicily will cost as much as 14.6 billion euros ($16.14 billion), a Treasury document showed, a near-50% increase compared with previous government estimates.

WASHINGTON (Reuters) – Production at U.S. factories fell more than expected in March, but eked out a modest gain in the first quarter.

(Reuters) – A U.S. recession is certainly feasible as the Federal Reserve’s steep rate-hikes over the past year filters fully through the economy, Chicago Fed President Austan Goolsbee said on Friday, as he again urged the central bank to be prudent on policy.

(Reuters) – Southwest Airlines expects an ongoing Boeing 737 MAX manufacturing problem to delay some plane deliveries this year, Southwest said Friday.

By Philip Pullella VATICAN CITY (Reuters) – Pope Francis confirmed on Friday that in September he plans to go to Mongolia, a country that has fewer than 1,500 Catholics but is strategically significant for the Roman Catholic Church because it borders China.

(Reuters) – Traders of futures tied to the Federal Reserve’s policy rate on Friday kept bets the U.S. central bank will increase its benchmark rate in May by another quarter-of-a-percentage point after a report showed retail sales were not as weak as expected last month.