EU plans for life without Russian gas amid inflation spike

EU plans for life without Russian gas amid inflation spike

‘The notion of cheap energy is gone,’ Latvian PM says Inflation in euro zone has shot to all-time highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders on Friday warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian gas, … Read more

Stocks temper their inflation expectations on copper pounding

Stocks temper their inflation expectations on copper pounding

S&P futures up 0.9%, European stocks gain 1.5% MSCI world stocks eyeing 2.5% weekly rise Copper falls more than 7% on week, oil down 2% German 10-year bond yields drop 4 bps LONDON, June 24 (Reuters) – World stocks headed for their first weekly gain in a month and Wall Street was set to open … Read more

Exclusive: Boris Johnson signals UK’s willingness to demine, help export grain from Ukraine

Exclusive: Boris Johnson signals UK’s willingness to demine, help export grain from Ukraine

KIGALI, June 23 (Reuters) – Prime Minister Boris Johnson said on Thursday Britain was willing to assist with demining operations off Ukraine’s southern coast and was considering offering insurance to ships to move millions of tonnes of grain stuck in the country. Russia’s Feb. 24 invasion of Ukraine and blockade of its Black Sea ports … Read more

EU grants Ukraine candidate status in ‘historic moment’

EU grants Ukraine candidate status in ‘historic moment’

EU leaders launch Ukraine’s membership process Zelenskiy urges West to speed up heavy weapons deliveries Battle for Donbas twin cities reaches critical stage KYIV, June 23 (Reuters) – Ukraine became a candidate to join the European Union on Thursday, a bold geopolitical step triggered by Russia’s invasion that Kyiv and Brussels hailed as an “historic … Read more

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

West, Russia in energy standoff since Ukraine invasion German minister warns of ‘rocky road’ ahead Minister does not rule out gas rationing Says market threatened by ‘Lehman Brothers’ moment Alarm stage decision does not change status quo: E.ON BERLIN, June 23 (Reuters) – Germany triggered the “alarm stage” of its emergency gas plan on Thursday … Read more

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more

Battle for Donbas twin cities reaches ‘fearsome climax’, says Ukraine

Battle for Donbas twin cities reaches ‘fearsome climax’, says Ukraine

Zelenskiy urges West to deliver heavy weapons EU leaders to start Ukraine membership process Battle for Donbas twin cities reaches critical stage KYIV, June 23 (Reuters) – President Volodymyr Zelenskiy said Moscow’s massive air and artillery attacks were aimed at destroying the entire Donbas region and urged Ukraine’s allies to accelerate the shipment of heavy … Read more

Afghanistan earthquake kills at least 1,000 but toll expected to rise

Afghanistan earthquake kills at least 1,000 but toll expected to rise

KABUL, June 22 (Reuters) – The death toll from an earthquake in Afghanistan on Wednesday hit 1,000, disaster management officials said, with more than 600 injured and the toll expected to grow as information trickles in from remote mountain villages. Houses were reduced to rubble and bodies swathed in blankets lay on the ground, photographs … Read more

Drone attack may have caused Russia refinery fire near Ukraine -governor

Drone attack may have caused Russia refinery fire near Ukraine -governor

Fire broke out on Wednesday morning Blaze has been put out Russia investigating attacks on its oil installations This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, June 22 (Reuters) – The Novoshakhtinsk oil refinery in Russia’s Rostov region, bordering Ukraine, suspended operations on Wednesday after … Read more

Stock rally fizzles on revived inflation fears

Stock rally fizzles on revived inflation fears

Employees of the foreign exchange trading company Gaitame.com work in front of monitors showing the Japanese yen exchange rate against the U.S. dollar, the euro and Nikkei share average at its dealing room in Tokyo, Japan June 22, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register TOKYO, June 22 (Reuters) – … Read more