World

OPEC+ extends deep oil production cuts into 2025

LONDON/DUBAI, (Reuters) – OPEC+ agreed today to extend most of its deep oil output cuts for 2024 but to start phasing them out in 2025, as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival U.S.

President Cyril Ramaphosa

South Africa heads for coalition as ANC set for big fall

MIDRAND, South Africa,  (Reuters) – South African political parties geared up for coalition talks as the governing African National Congress (ANC) looked set to fall well short of a majority in this week’s election, the first time this has happened in 30 years of democracy.

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