WASHINGTON (Reuters) – The United States Federal Reserve bought $ 428 million in bonds from individual companies through mid-June, making investments in names known as Walmart and AT&T, as well as in major oil companies, tobacco giant Philip Morris. International Inc and a utility subsidiary of billionaire holding Warren Buffett’s …
Read More »Egypt, Ethiopia and Sudan to reach agreement on Nile dam in weeks
ADDIS ABABA (Reuters) – Leaders from Sudan, Ethiopia and Egypt said they hoped the African Union could help them negotiate a deal to end a decade-long dispute over water supply in two to three weeks. FILE PHOTO: The Great Renaissance Dam of Ethiopia is seen as it is being built …
Read More »Lufthansa skyrockets after major shareholder backs bailout
FRANKFURT (Reuters) – Lufthansa (LHAG.DE) Shares rose as much as 20% on Thursday after its main shareholder rejected its objections to a 9 billion euro ($ 10 billion) government bailout for the German airline that was on the brink of collapse due to the COVID pandemic- 19. “I am going …
Read More »Trump beats protesters at Phoenix rally, visits border wall in Arizona
PHOENIX, Arizona (Reuters) – United States President Donald Trump tried to turn the nationwide protests to his political advantage into a campaign appearance in Arizona’s electoral state on Tuesday, vowing to prevent “the mob from left “push the United States into chaos. Trump, whose first manifestation of the coronavirus pandemic …
Read More »The United States economy is improving; The increase in COVID-19 cases is a threat
WASHINGTON (Reuters) – Sales of new single-family homes in the United States increased more than expected in May and business activity contracted moderately this month, suggesting that the economy was on the verge of recovering from the recession caused by the crisis in COVID-19. FILE PHOTO: Real estate signs advertise …
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