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...)
(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...)
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...)
MADRID (Reuters) - Spain scrapped an annual bullfighting award on Friday, prompting a rebuke from conservatives over a backlash against a centuries-old tradition they see as an art form but which has run into growing concern for animal welfare.
Spanish-style bullfighting, in which the animal usually ends up killed by a sword thrust by a matador in shining garb, is for supporters a cultural tradition to be preserved, while critics call it a cruel ritual... (continue reading...)
(Reuters) - U.S. investors were net sellers of equity funds for a fifth successive week in the seven days to May 1, exercising caution ahead of the Federal Reserve's policy decision and scaling back expectations for interest rate cuts that were prevalent at the start of the year.
According to LSEG data, investors shed a net $5.48 billion worth of U.S. equity funds, extending the weekly selling trend into a fifth consecutive week.
Fed... (continue reading...)
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