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Change at the Federal Reserve could come quickly with President-elect Donald Trump's team pledging to promptly fill high-level central bank jobs and roll out a tax and fiscal plan that could rewrite policymakers' core economic assumptions. Fed officials already say their plan to gradually increase interest rates may need to be accelerated to accommodate the new administration's economic proposals, which could push inflation higher. The concerns for Fed Chair Janet Yellen are broader as she faces a 14-month window to preserve her legacy and try to ensure the central bank's independence in the face of a possible four or more Trump appointees to its seven-member Board of Governors.
The Tunisian government will sell its stakes in telecom companies Orange Tunisia and Ooredoo next year, a senior official told Reuters on Thursday. "The government will sell next year its 10 percent stake in Ooredoo and its 51 percent holding in the company Orange Telecom," Habib Dabbabi, a junior minister in digital economy, told Reuters. The government will keep its 65 percent holding in Tunisia's third major telecoms company, Tunisie-Telecom, Dabbabi said.
By Aaron Maasho ADDIS ABABA (Reuters) – An Ethiopian opposition leader from a region hit by deadly anti-government protests has been arrested after returning from meeting members of the European Parliament in Brussels, a political ally said on Thursday. Merera Gudina leads the Oromo People's Congress from Ethiopia's Oromiya region, which has been the centre of protests against land grabs and what opponents say is a government clampdown on political freedoms. "Merera arrived in Addis Ababa on Wednesday morning from a trip to Brussels, where he met members of the European Parliament," Gebru Gebremariam, deputy chairman of the Oromo Federalist Congress, told Reuters. "Police arrested him in his house the same day in the evening.
By Matthew Mpoke Bigg ACCRA (Reuters) – Ghana's main opposition leader Nana Akufo-Addo skipped the country's only presidential debate on Wednesday, leaving the stage to President John Mahama and four other opponents a week before the election. Aides to the leader of the New Patriotic Party said he decided to stick to his prior campaign commitments, even though it meant missing the chance to present his message at one of the most high-profile events of the campaign. Analysts say Akufo-Addo has a real chance of defeating Mahama or of taking the Dec. 7 election to a second round, largely because of voter discontent over an economic slowdown since the president won the first of two possible terms in 2012.
HONG KONG (AP) — Activity at China's factories and services companies accelerated last month to the highest level in more than two years, in the latest sign that the world's No. 2 economy is stabilizing, according to official data released Thursday.
NEW YORK (AP) — Giving Tuesday, a 5-year-old phenomenon aimed at encouraging online charitable giving, produced record-shattering donations this week, according to two organizations which tracked the flow of gifts.
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The Federal Reserve reports that the U.S. economy grew at a modest rate this fall, with solid gains in consumer spending helping offset lingering weakness in exports. The Fed's survey of economic conditions …
DENVER (AP) — Bruce Springsteen is stopping in Denver as part of a nationwide tour promoting his new autobiography “Born to Run”.
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TUNIS (Reuters) – The African Development Bank (AFDB) will lend Tunisia between $ 1.5 billion and $ 2 billion over the next five years, the bank's North Africa director Jacob Kolster said on Wednesday. Kolster announced the loan at an investment conference in Tunis at which regional and Western partners have pledged billions in financial assistance to shore up Tunisia's struggling economy. (Reporting by Tarek Amara; Writing by Aidan Lewis; Editing by Catherine Evans)
OPEC began on Wednesday debating a deal to curtail oil production and prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action. Ministers from the Organization of the Petroleum Exporting Countries started an informal meeting at 0700 GMT at the Vienna Park Hyatt hotel and were due to begin a formal gathering at OPEC headquarters at 0900 GMT. "I'm optimistic," said Iranian Oil Minister Bijan Zanganeh, adding there had been no request for Iran to cut output.