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Violence shuts crucial aid corridor into Sudan's Darfur, UN agency says May 3, 2024 10:01AM

(Reuters) - Violence around the city of al-Fashir in Darfur, Sudan, has blocked a recently opened humanitarian corridor from Chad and time is running out to prevent starvation in the vast region, the U.N. World Food Programme said on Friday.

Attacks around al-Fashir, the Sudanese army's last holdout in Darfur and home to some 1.6 million residents, have led to dire warnings of a new wave of mass displacement and inter-communal conflict in Sudan's... (continue reading...)


US SEC charges audit firm BF borgers with fraud affecting more than 1,500 filings May 3, 2024 09:56AM

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Friday charged audit firm BF Borgers CPA PC and its owner, Benjamin Borgers, with "deliberate and systemic failures" to comply with auditing standards which affected more than 1,500 SEC filings.

To settle the SEC’s charges, BF Borgers agreed to pay a $12 million civil penalty, and Benjamin Borgers agreed to pay a $2 million civil penalty. Both Respondents also agreed to permanent... (continue reading...)


Kenya's weather outlook 'dire' as cyclone nears, president says May 3, 2024 09:53AM

NAIROBI (Reuters) - Torrential rains that caused widespread flooding and landslides across Kenya in recent weeks, killing at least 210 people, are forecast to worsen over the rest of this month, President William Ruto said on Friday.

The floods have wreaked havoc, destroying homes, roads, bridges and other infrastructure across Kenya, East Africa's largest economy. The death toll exceeds that from floods triggered by the El Nino weather phenomenon late... (continue reading...)


Fed's Bowman supports current policy stance but still sees inflation risks May 3, 2024 09:52AM

(Reuters) - Inflation should continue to decline even as the U.S. central bank holds its benchmark interest rate steady at current levels, Federal Reserve Governor Michelle Bowman said on Friday while also reiterating her willingness to raise the policy rate if progress peters out or reverses.

"My baseline outlook continues to be that inflation will decline further with the policy rate held steady, but I still see a number of upside inflation risks... (continue reading...)


Yemen's Houthis say they will target ships heading for Israel anywhere within range May 3, 2024 09:28AM

DUBAI (Reuters) - Yemen's Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea said in a televised speech on Friday.

"We will target any ships heading to Israeli ports in the Mediterranean Sea in any area we are able to reach," he said.

The Iran-aligned Houthi militants have launched repeated drone and missile strikes on ships in the crucial shipping channels of the Red... (continue reading...)


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