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Biden: Criticism of Trump jury verdict is 'dangerous, irresponsible' May 31, 2024 02:24PM

By Steve Holland and Jarrett Renshaw

WASHINGTON (Reuters) - President Joe Biden said on Friday that it was "dangerous" for people to question the integrity of the guilty verdict in Donald Trump's hush money jury trial.

In his first public comments since a New York jury on Thursday found Trump guilty on 34 counts over a payment to silence a porn star ahead of the 2016 election, Biden, a Democrat, struck out hard at Trump and other... (continue reading...)


South African soldier killed, 13 injured in clash with eastern Congo rebels May 31, 2024 02:04PM

KINSHASA (Reuters) - One South African soldier was killed and 13 others where injured in a battle with Rwandan-backed M23 rebels in eastern Democratic Republic of Congo, the South African National Defence Force said on Friday.

The soldiers, deployed to Congo as part of its contribution to the Southern African Development Community (SADC) force sent to tackle armed groups there, came in contact with the rebels in the eastern town of Sake on Thursday,... (continue reading...)


Struggling Dow transport stocks could be economic warning signal May 31, 2024 01:57PM

By Lewis Krauskopf

NEW YORK (Reuters) - It's been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot.

The Dow Jones Transportation Average has fallen about 5% so far this year, a significant contrast with the 9% year-to-date rise for the benchmark S&P 500 and the 1% rise in the Dow Jones Industrial Average, which topped 40,000 points for the first time this month.

... (continue reading...)
Pakistan growth targetĀ 3.6% next year, inflation to dip to 12%, ministry says May 31, 2024 01:51PM

(Reuters) - Pakistan's Planning Ministry said on Friday that the economic outlook for the next year was positive, with a growth target of 3.6%, while inflation was likely to moderate to 12%.

Pakistan will present its annual budget on June 10, three days later than expected, two government sources said on Friday, as markets wait for details of plans seen as crucial to securing a new International Monetary Fund (IMF) loan. Pakistan's fiscal year starts... (continue reading...)


Nigeria's main labour unions declare indefinite strike over minimum wage May 31, 2024 01:48PM

By Camillus Eboh

ABUJA (Reuters) -Nigeria's main labour unions on Friday said they had declared an indefinite strike from Monday after failing to agree a new minimum wage with the government.

The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) - two of the country's biggest unions - had said on May 1 that they would down tools if a new minimum wage was not agreed by the end of May.

"Government refused to move... (continue reading...)


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