Aidan Lewis

Cairo

Bureau Chief at Thomson Reuters

Covering Egypt and Sudan @Reuters

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Articles

S.African Rand Drops to One-Month Low after US Strikes Iran

4 days ago | gurutrade.com | Sfundo Parakozov |Alessandro Parodi |Aidan Lewis |Bernadette Baum

JOHANNESBURG, (Reuters) - The South African rand fell to a one-month low on Monday, pressured by volatile crude oil prices and risk-off sentiment following the U.S. military action against Iran over the weekend. At 1354 GMT the rand traded at 18.07 against the dollar , down roughly 0.4% from Friday's close and on track for its lowest day-end value since mid-May.
UN trade agency says it faces 'painful' cuts as countries navigate tariffs

1 week ago | cp24.com | Olivia Le Poidevin |Aidan Lewis

GENEVA -- The United Nations trade and development agency, tasked with helping developing countries access the global economy, faces "painful" cuts as part of broader reforms prompted by a decline in global donor funding, its secretary general said. Rebeca Grynspan told Reuters she was concerned that UNCTAD's work will be hampered while demand for its services grows, as countries seek information on the impact of sweeping tariffs imposed by U.S. President Donald Trump.
Labubu human-sized figure sells for over US$150,000 at Beijing auction

2 weeks ago | cp24.com | Sophie Yu |Brenda Goh |Xiaoyu Yin |Aidan Lewis

BEIJING/SHANGHAI -- A Beijing auction house sold a human-sized Labubu figure for 1.08 million yuan (US$150,275.51, or about C$205,800) on Tuesday, setting a new record for the "blind box" toy as it moves from craze to collectible.
Musk's father says Trump dispute triggered by intense stress, has to end

2 weeks ago | cp24.com | Guy Faulconbridge |Aidan Lewis |Timothy Heritage

MOSCOW - The dispute between Donald Trump and Elon Musk was triggered by months of intense stress on both sides, and the public battle between the U.S. president and the billionaire donor needs to stop, Musk's father told Reuters on Monday.
US declares Biden fuel economy rules exceeded legal authority

3 weeks ago | today.westlaw.com | Aidan Lewis |David Shepardson |Peter Graff

WASHINGTON (Reuters) -The Transportation Department paved the way for looser U.S fuel economy standards on Friday by declaring that former President Joe Biden's administration exceeded its authority by assuming high uptake of electric vehicles in...
EU a 'reliable partner' for digital cooperation amid turbulence, tech chief says

3 weeks ago | today.westlaw.com | Milan STRAHM |Aidan Lewis |Isabelle Yr Carlsson

BRUSSELS (Reuters) -The European Union will work with international partners to boost its competitiveness and promote a rules-based global digital order, EU tech chief Henna Virkkunen said on Thursday, a move aimed at offsetting turbulent ties with...
Pound Tiptoes Lower; 40-Y Gilt Auction, BoE Speakers in Focus

3 weeks ago | gurutrade.com | Amanda Cooper |Aidan Lewis

LONDON, June 3 (Reuters) - The pound trod water on Tuesday, holding mostly steady against the dollar and the euro, ahead of a raft of Bank of England speakers and an auction of long-dated government bonds that may offer a gauge of investor confidence in Britain's finances. Sterling was last down 0.15% against the dollar at $1.352, near last month's more-than three-year highs. The euro was also stable against the pound at 84.45 pence.
German Economy in Q1 Grew Twice as Fast as Initially Expected

1 month ago | gurutrade.com | Friederike Heine |Maria Martinez |Maria Martínez |María Martínez |Thomas Seythal |Aidan Lewis

BERLIN, May 23 (Reuters) - The German economy grew significantly more in the first quarter than previously estimated due to good economic developments in March, according to a second estimate published on Friday. The economy grew by 0.4% in the first quarter of 2025 compared with the previous quarter, the statistics office said, revising a preliminary reading of 0.2%. Germany's sluggish economy has not grown at that pace since the third quarter of 2022, when it expanded by 0.6%.
Egypt's Central Bank Expected to Cut Rates by 175 bps

1 month ago | gurutrade.com | Patrick Werr |Aidan Lewis

CAIRO, May 19 (Reuters) - Egypt's central bank is expected to lower overnight interest rates by a median of 175 basis points on Thursday, extending a reduction begun in April as inflation remains relatively low, a Reuters poll shows. The median forecast of 16 analysts was for the central bank to cut the deposit rate to 23.25% and the lending rate to 24.25%.
UK strikes EU trade and defence reset in 'new era' for relations

1 month ago | today.westlaw.com | Aidan Lewis |Ros Russell |Andrew Heavens |Kate Holton

LONDON/BRUSSELS (Reuters) - Britain agreed the most significant reset of defence and trade ties with the European Union since Brexit on Monday after U.S. President Donald Trump's upending of the global order pushed the two sides to move on from their...