By Ece Toksabay and Burcu Karakas
ANKARA (Reuters) - Israeli claims of Ankara easing its trade ban with Israel are "absolutely fictional and have nothing to do with reality," Turkish Trade Minister Omer Bolat said on Thursday, as Ankara introduced a three-month reprieve for companies with existing export deals to Israel.
Israel's foreign minister said on Thursday that Turkish President Tayyip Erdogan had retreated on his earlier position... (continue reading...)
By David Ljunggren
OTTAWA, May 9 (Reuters) - The Canadian financial system remains resilient but the continuing adjustment to higher rates and possible shocks present key risks to stability, Bank of Canada Governor Tiff Macklem said on Thursday.
Interest rates are at a 23-year high and the bank said it was watching the ability of institutions and households to service their debts as well as monitoring the valuation of some assets, which... (continue reading...)
By David French
(Reuters) - Bain Capital is picking up a minority stake worth $250 million in business services firm Sikich, which is planning to deploy the investment to finance its expansion plans, the companies said on Thursday.
The private equity firm is the first outside investor at Chicago-based Sikich, which was founded in 1982. The $250 million is structured as preferred equity, the firms told Reuters.
Sikich Chief... (continue reading...)
ABUJA (Reuters) - The International Monetary Fund on Thursday maintained its growth forecast of 3.3% for Nigeria's economy for 2024, up from 2.9% last year, citing a pick up in services and trade sectors.
It added that outlook for growth was still challenging in Africa's most populous nation and top oil producer, with food price inflation which reached 40% in March, raising food security concern.
"If Nigeria grows at 3.3% that is just... (continue reading...)
By Yuliia Dysa
KYIV (Reuters) - Ukrainian President Volodymyr Zelenskiy replaced the commander of his special forces on Thursday, the second time in half a year that he has changed the head of the unit which operates in Moscow-occupied territories.
The dismissal of Colonel Serhiy Lupanchuk and appointment of Brigadier General Oleksandr Trepak in his place was announced in two decrees on the president's website that provided no explanation... (continue reading...)
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