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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 over the minimum wage.

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 forward, not even a kobo was added... (continue reading...)


El Salvador inauguration bomb plot foiled, police say May 31, 2024 01:44PM

SAN SALVADOR (Reuters) - El Salvador's national police shared details on Tuesday about an alleged plot by veterans of the country's civil war to detonate explosives on Saturday, when President Nayib Bukele is inaugurated for a second term.

KEY QUOTE

The suspects "were part of the so-called Salvadoran Insurrection Brigade and their objectives were to detonate (explosives) at gas stations, supermarkets and public institutions," the... (continue reading...)


Biden presents new Israel ceasefire plan, calls on Hamas to accept it May 31, 2024 01:43PM

By Steve Holland

WASHINGTON (Reuters) -U.S. President Joe Biden on Friday called on Hamas militants to agree to a new offer from Israel on releasing hostages in exchange for a Gaza ceasefire, saying this is the best way to begin winding down the deadly conflict.

"With a ceasefire, that aid could be safely and effectively distributed to all who need it," Biden said.

"As someone who's had a lifelong commitment to Israel, as the... (continue reading...)


Paramount's special committee agrees to recommend Skydance deal, WSJ reports May 31, 2024 01:42PM

(Reuters) - A special committee of the Paramount Global's board agreed to recommend a deal with Skydance Media, the Wall Street Journal reported on Friday, citing people familiar with the matter.

A potential deal could end months of speculation over Paramount's fate. Reports on takeover offers from Skydance Media and a consortium of Apollo Global Management and Sony Pictures, as well as a $30 billion bid from media entrepreneur Byron Allen, has left... (continue reading...)


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