EU leaders reaffirm support for Ukraine, squabble over gas cap

EU leaders reaffirm support for Ukraine, squabble over gas cap

Division over details of gas price cap European Commission to make proposals for EU summit on Oct.20-21 Poland criticises Germany for big spending on compensation EU27 vow continued financial and military support for Ukraine Scholz says rebuilding Ukraine will take a generation PRAGUE, Oct 7 (Reuters) – European Union leaders on Friday agreed to give … Read more

New premier in Canada’s oil-rich Alberta set to defy Trudeau

New premier in Canada’s oil-rich Alberta set to defy Trudeau

Oct 7 (Reuters) – Alberta’s incoming premier has set the stage for a showdown with Canada’s federal government and push back against federal laws which is likely to set the oil-rich province on a collision course with Prime Minister Justin Trudeau. Danielle Smith, 51, was chosen by members to lead Alberta’s ruling United Conservative Party … Read more

London’s FTSE 100 falls for second day as Shell weighs

London’s FTSE 100 falls for second day as Shell weighs

FTSE 100 down 0.8%, FTSE 250 adds 0.4% Imperial Brands rises on share buyback plan Weaker refining, gas trading to hit Shell’s Q3 results Construction activity improves unexpectedly Oct 6 (Reuters) – UK’s FTSE 100 index fell on Thursday with Shell weighing on the commodity-heavy index after the oil major said its third-quarter profits would … Read more

Dust settles on stocks surge, OPEC+ talks supply cuts

Dust settles on stocks surge, OPEC+ talks supply cuts

LONDON, Oct 5 (Reuters) – World stocks clung to two-week highs on Wednesday, although another aggressive rate increase from New Zealand tempered the idea that central banks may be close to slowing down the pace of rapid monetary tightening. Oil prices were little changed before a meeting of OPEC+ producers to discuss a big cut … Read more

OPEC+ heads for deep supply cuts, clash with U.S.

OPEC+ heads for deep supply cuts, clash with U.S.

VIENNA/LONDON, Oct 5 (Reuters) – OPEC+ looks set for deep cuts to its oil output targets when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and others to pump more. The potential OPEC+ cut could spur a recovery in oil prices that have dropped to about … Read more

Bangladesh plunged into darkness by national grid failure

Bangladesh plunged into darkness by national grid failure

Power grid collapse leads to blackouts in 75-80% Bangladesh Authorities working to restore power, investigating cause Government had rationed some gas due to high global prices DHAKA, Oct 4 (Reuters) – Large swathes of Bangladesh were left without electricity on Tuesday after a grid failure, a government official said, adding that authorities were working to … Read more

London’s Battersea Power Station reborn as office and shopping hub

London’s Battersea Power Station reborn as office and shopping hub

LONDON, Oct 4 (Reuters) – London’s Battersea Power Station reopens next week as a glitzy hub of offices, flats, restaurants and shops after decades of failed attempts to reinvigorate one of the capital’s most iconic buildings, often described as the “Everest of real estate”. The 1930s power station once supplied a fifth of London’s electricity, … Read more

Exclusive: Banks divert gold supply from India to China, Turkey

Exclusive: Banks divert gold supply from India to China, Turkey

MUMBAI, Oct 4 (Reuters) – Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials and two vault operators told Reuters. That could create scarcity in the world’s second-biggest market for gold, and force Indian … Read more

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

LONDON, Oct 4 (Reuters) – European governments should tax corporates to help weaker parts of society weather soaring energy costs but not intervene to cap gas prices, Shell (SHEL.L) Chief Executive Officer Ben van Beurden told an energy conference on Tuesday. Speaking before the Energy Intelligence Forum in London, Van Beurden said that European energy … Read more

Grim winter looms as wartime Ukraine braces for infrastructure attacks

Grim winter looms as wartime Ukraine braces for infrastructure attacks

Elderly bracing for worst winter in decades Fears that attacks could target infrastructure Families buy wood, mend windows, light stoves KHARKIV, Ukraine, Oct 4 (Reuters) – In an abandoned tower block damaged by Russian shelling in Ukraine’s second city, Olga Kobzar plans to tough out winter for as long as she can without electricity, water … Read more