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  • The next act: what happens now in Greece's drama Monday, 29 Jun 2015 | 12:45 PM ET

    FRANKFURT, Germany— Greece has entered the twilight zone. Between now and then Greece remains suspended between collapse and an uncertain rescue, between membership in the 19- member euro club and the possibility of a humiliating exit. If Greece doesn't pay, it will take a while for the IMF to actually declare Greece in default.

  • DUBAI, June 29- An assault on a Tunisian resort, which killed 39 people, has sent holidaymakers fleeing and dealt a major blow to the country's tourism industry, but the broader economy should be robust enough to withstand the shock. European tour operators are evacuating thousands of tourists after Friday's attack by a lone militant on a beach in Sousse and many...

  • ACCRA, June 29- Ghana is likely to clear the first review of its $918 million programme with the International Monetary Fund and secure a fresh disbursement of funds aimed at stabilising its economy, sources close to the deal said on Monday. The $115 million due in August is vital to shore up Ghana's currency, which has fallen to record lows, and to convince...

  • JOHANNESBURG, June 29- Packed tightly at a row of graffitied desks in an overcrowded classroom, students at Masiqhakaze Secondary School near Johannesburg shiver as a chilly breeze blows through broken windows. In a 2015 report the World Economic Forum ranked South Africa last in the quality of mathematics and science education and close to last at 139 out of...

  • Queen Elizabeth II says the attack on a beach resort in Tunisia has left her and her husband, Prince Philip, shocked. British police say they have mobilized more than 600 officers and staff— one of the force's largest counterterrorism deployments in recent years— to respond to a deadly gun attack in Tunisia. Police said Sunday that nearly 400 officers have been at...

  • LAGOS, Nigeria— Nigeria's new president on Friday dissolved the board of the state oil company from which billions of dollars is missing, a move likely preceding an investigation. A statement from the head of the civil service, Danladi Kifasi, announced the presidential directive regarding the Nigerian National Petroleum Co., the government agency in charge...

  • Journalist jailed in Zimbabwe for starting newspaper Friday, 26 Jun 2015 | 8:03 AM ET

    HARARE, Zimbabwe— The attorney for a Zimbabwe journalist says his client was convicted of publishing a newspaper in a southern town without government permission and sentenced to eight months in prison. Several newspapers and radio stations have already been closed under Zimbabwe's harsh media laws and dozens of journalists have been arrested over the...

  • MARIKANA, South Africa, June 26- Almost three years after South African police shot 34 striking miners dead outside platinum producer Lonmin's Marikana mine, little has changed in this hardscrabble town that has become a symbol of post-apartheid hardship and inequities. A long-awaited probe into the slayings, unveiled on Thursday by President Jacob Zuma,...

  • BEIJING, June 26- China offered a vote of confidence in the euro zone on Friday, saying that it was sure Greece's talks with creditors to avoid defaulting on its debt would go positively, ahead of Premier Li Keqiang's visit to Europe next week. "China would like to see Greece remain in the euro zone and appreciates the relevant parties' efforts in this regard."

  • BEIJING, June 26- China said on Friday that it was confident Greece's talks with creditors to avoid defaulting on its debt would go positively, in comments made ahead of Premier Li Keqiang's visit to Europe next week. "China would like to see Greece remain in the euro zone and appreciates the relevant parties' efforts in this regard. China sees Greece's strategic...

  • LONDON, June 26- Shares in London- listed platinum producer Lonmin dropped to their lowest level in 3-1/ 2 months on Friday, after an inquiry into the killing of 34 miners during a 2012 strike put some of the blame on the company. Lonmin, the world's fourth-largest platinum producer by market value, was at the center of the 2012 strike which saw the "Marikana massacre,"...

  • June 25- One week after Saudi Arabia opened its stock market to direct foreign investment, U.S. mutual fund managers say they are interested but not rushing to invest in the Middle East's biggest economy. Foreign fund inflows are slower than initially expected, in part because U.S. fund companies like Fidelity and Harding Loevner are digesting numerous...

  • SINGAPORE, June 26- Surprisingly strong rains in an El Nino year, typically marked by droughts in parts of Asia, have eased concerns of a lower crop output in the region. While the forecast is for an equally severe dryness this year, recent rains have buoyed farming in India, China and Australia. "Indian monsoon is on track, in fact it has been better than expected, and we...

  • ACCRA, June 25- Ghana's cedi showed signs of stabilising against the dollar on Thursday after the central bank stepped up its selling of dollars to the interbank market, traders said. "There is marginal stability but we are yet to see if it's sustainable," Joseph Biggles Amponsah of the Accra- based Dortis Research said. The central bank's action appears to be in line...

  • Mozambique turns 40, high on gas prospects Thursday, 25 Jun 2015 | 11:43 AM ET

    MAPUTO, June 25- Mozambique turned 40 on Thursday, mixing formal military parades with exuberant African dancing as it turned from a generation of civil war and poverty to look to a more prosperous future, powered, it hopes, by vast amounts of natural gas. Underpinning the national optimism in this $17 billion economy is the prospect of massive revenues from an...

  • LUSAKA, June 25- Zambia has asked Vedanta Resources' Konkola Copper Mines to delay the processing of copper concentrate it imported from Chile until it puts in place safety measures to avoid pollution, Zambia's deputy minister of mines said on Thursday. KCM said on June 3 it had imported its first semi-processed copper from Chile to ensure its Nchanga smelter...

  • ACCRA, June 25- Ghana's cedi showed signs of stabilizing against the dollar on Thursday after the central bank stepped up its selling of dollars to the interbank market, traders said. "There is marginal stability but we are yet to see if it's sustainable," Joseph Biggles Amponsah of the Accra- based Dortis Research said. The central bank this week increased its...

  • LISBON, June 25- The Bank of Portugal urged central banks in Portuguese-speaking Africa to raise supervision standards to the European banking union's tougher requirements to avoid capital cost hikes for European banks in Africa. Bank of Portugal Governor Carlos Costa, who is also a member of the European Central Bank governing council, said on Thursday that...

  • ZURICH, June 25- Union Bancaire Privee plans to cut between 60 and 110 jobs initially after buying the international business of wealth manager Coutts from Britain's Royal Bank of Scotland, a source familiar with the matter told Reuters on Thursday. The Geneva- based private bank run by Guy de Picciotto, the son of the founder, hopes the deal will bolster business...

  • ZURICH, June 25- Union Bancaire Privee plans to cut between 110 and 160 jobs initially after buying the international business of wealth manager Coutts from Britain's Royal Bank of Scotland, a source familiar with the matter told Reuters on Thursday. The Geneva- based private bank run by Guy de Picciotto, the son of the founder, hopes the deal will bolster business...