By Olivia Kumwenda-Mtambo and Sfundo Parakozov
SOWETO, South Africa (Reuters) - Sinah Molokwane, a lifelong member of South Africa's ruling African National Congress, is struggling to accept that her party will be sharing power for the first time since it ended white minority rule 30 years ago.
ANC leaders held talks on Thursday on potential partners for a new government after voters angered by economic stagnation, high unemployment,... (continue reading...)
(Reuters) - A massive high-pressure system known as a heat dome that has stalled over the U.S. Southwest will push temperatures in the region well above 100 degrees Fahrenheit (38 C) on Thursday, leaving millions of Americans to swelter in the coming days.
Some 30 million people from Northern California, south through Arizona and east into Texas, were under excessive heat warnings and heat advisories issued by the National Weather Service through... (continue reading...)
By Patturaja Murugaboopathy
(Reuters) - U.S. high-yield bond funds enjoyed the biggest inflows of the year in May, driven by the allure of higher yields, potential for price appreciation amid anticipated Federal Reserve rate cuts, and diminishing corporate credit risks.
According to LSEG Lipper data, U.S. high-yield bond funds attracted $5 billion in inflows in May, the highest since December. From January to May this year, the total... (continue reading...)
By Moira Warburton
WASHINGTON (Reuters) - A Black U.S. Republican lawmaker said his comments expressing nostalgia for the Jim Crow era were taken out of context after Democrats criticised his words as outrageous and ignorant.
Representative Byron Donalds, a second-term congressman and former candidate for House speaker, expressed nostalgia for the Jim Crow era - named after a series of laws that defined the height of racial segregation in... (continue reading...)
By Sergio Goncalves
LISBON (Reuters) - A Lisbon court on Thursday sentenced the former patriarch of the Espirito Santo banking family, Ricardo Salgado, to 6-1/4 years in prison for bribing former Economy Minister Manuel Pinho, who was sentenced to 10 years.
The case pre-dates the collapse of Banco Espirito Santo in 2014, for which Salgado has been the target of separate lawsuits.
Criminal court judge Ana Paula Rosa said... (continue reading...)
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