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JOHANNESBURG (Reuters) - Growth in credit demand from South Africa's private sector quickened to 9.77 percent year-on-year in July, from a revised 8.63 percent in June, central bank data showed on Friday. The broadly defined M3 measure of money supply was at 6.86 percent, from a revised 7.26 percent in June. Economists had expected credit growth to quicken to 9.0 percent and money supply to slow to 7.05 percent.
By Steve Holland and Patricia Zengerle WASHINGTON (Reuters) - President Barack Obama said on Thursday the United States has not yet developed a strategy for confronting Islamic State in Syria, an acknowledgement that a decision had not been made on whether to launch air strikes against the militant group. Obama's comment during a White House news conference before a meeting of national security advisers about how to proceed against Islamic State drew criticism from Republicans and a clarification from White House spokesman Josh Earnest.
BERLIN (AP) — Thousands of passengers are feeling the impact of a pilots strike in Germany after negotiations between the country's biggest airline Lufthansa and the union representing pilots collapsed over a long-running dispute regarding wages and early retirement benefits.