(Reuters) - Demand for global equity funds rose sharply in the seven days to May 8, driven by renewed bets on Federal Reserve interest rate cuts after a softer than anticipated U.S. employment report.
Investors bought a net $12.72 billion worth of global equity funds during the week, the largest weekly net purchase since March 20, data from LSEG showed.
Last week, Labor Department data showed U.S. job growth slowed more than expected... (continue reading...)
MAPUTO (Reuters) - Mozambique's army is fighting Islamist insurgents who launched a major attack on the northern town of Macomia on Friday morning, President Filipe Nyusi said in a televised address.
The town is in Cabo Delgado, a gas-rich northern province where Islamic State-linked militants started an insurgency in 2017. Despite a large security response, there has been a surge in attacks since January this year.
"Macomia is under... (continue reading...)
By Mahamat Ramadane and Anait Miridzhanian
N'DJAMENA (Reuters) - Several people were hurt and some may have been killed in gunfire celebrating Chad's interim President Mahamat Idriss Deby's declared election victory on Thursday, an Amnesty International representative said, citing reports from partners.
Overnight, volleys of shots could be heard in the capital N'Djamena in the hours after the state election agency announced Deby had won a... (continue reading...)
LONDON (Reuters) - Four men will go on trial next year accused of setting fire to a London commercial property linked to Ukraine, an arson attack allegedly paid for by Russian intelligence, a British court heard on Friday.
They were charged last month over the fire at a commercial premises on an industrial estate in east London in March.
Dylan Earl, 20, who is accused of two offences under the National Security Act, is alleged to have... (continue reading...)
OTTAWA (Reuters) - Canada's economy added five times the number of jobs that were forecast for April and the unemployment rate unexpectedly held at 6.1%, but wages grew at the slowest pace in 10 months, data showed on Friday.
The economy added a net 90,400 jobs while analysts polled by Reuters had forecast a gain of 18,000 jobs and the unemployment rate to rise to 6.2%.
The gains - largest since the 110,000 jobs added in January 2023 -... (continue reading...)
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