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Markets rise as traders consider US rate outlook
Markets rise as traders consider US rate outlook
Economy
by  AFP

Asian markets rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon. Comments from Fed officials reinforced the view that sticky inflation and a resilient US economy will keep the bank from easing monetary policy anytime soon.

World Bank aiming to connect 250 mn Africans to energy grid by 2030
World Bank aiming to connect 250 mn Africans to energy grid by 2030
Economy
by  AFP

The World Bank has significantly scaled up its ambition to connect Africans to the electricity grid by 2030, from 100 million to more than 250 million, the Bank's president said Wednesday. "Back in COP28, the World Bank made a commitment to connect 100 million Africans to affordable energy by 2030," World Bank president Ajay Banga told an event at the Bank's headquarters in Washington.

US to reimpose oil sanctions on Venezuela: officials
US to reimpose oil sanctions on Venezuela: officials
Economy
by  AFP

The United States is to snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its "repression" of opponents, US officials said Wednesday. "The areas in which they've fallen short include... what we see as a continuing pattern of harassment and repression against opposition figures," the official added.