G7 nations announce Russia gold ban as summit starts under shadow of war

G7 nations announce Russia gold ban as summit starts under shadow of war

Gold ban targets ‘Putin’s war machine’, says British PM Oil import price cap also being discussed, says German source G7 also aims to tackle soaring energy prices SCHLOSS ELMAU, Germany, June 26 (Reuters) – Members of the Group of Seven wealthy nations on Sunday announced a ban on imports of Russian gold as the G7 … Read more

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

Philadelphia 76ers trading No. 23 pick, Danny Green to Memphis Grizzlies for De’Anthony Melton, sources say

Philadelphia 76ers trading No. 23 pick, Danny Green to Memphis Grizzlies for De’Anthony Melton, sources say

The Philadelphia 76ers are trading the No. 23 pick from Thursday night’s NBA draft and small forward Danny Green to the Memphis Grizzlies for shooting guard De’Anthony Melton, sources told ESPN’s Adrian Wojnarowski. Memphis will get the rights to guard David Roddy, sources said. Philadelphia selected him at No. 23 out of Colorado State. Melton … 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

EXCLUSIVE Nike to make full exit from Russia

EXCLUSIVE Nike to make full exit from Russia

PARIS/COPENHAGEN/LONDON, June 23 (Reuters) – Nike (NKE.N) is making a full exit from Russia three months after suspending its operations there, the U.S. sportswear maker told Reuters on Thursday, as the pace of Western companies leaving the country accelerates. Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated … Read more

Musk says Tesla’s new car factories ‘losing billions of dollars’

Musk says Tesla’s new car factories ‘losing billions of dollars’

SAN FRANCISCO, June 22 (Reuters) – Tesla Inc’s (TSLA.O) new car factories in Texas and Berlin are “losing billions of dollars” as they struggle to increase production because of a shortage of batteries and China port issues, Chief Executive Elon Musk said in an interview published on Wednesday. “Both Berlin and Austin factories are gigantic … Read more

Germany risks recession as Russian gas crisis deepens

Germany risks recession as Russian gas crisis deepens

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register More Europeans activate first stage of gas crisis plans Surging gas price adds to policymakers’ inflation headache Slowing flows hinder efforts to refill … Read more

Wall Street set for bounceback but recession risk keeps investors cautious

Wall Street set for bounceback but recession risk keeps investors cautious

LONDON, June 21 (Reuters) – Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, … Read more

U.S., partners dismantle Russian hacking ‘botnet,’ Justice Dept says

U.S., partners dismantle Russian hacking ‘botnet,’ Justice Dept says

WASHINGTON, June 16 (Reuters) – Law enforcement in the United States, Germany, the Netherlands and Britain dismantled a global network of internet-connected devices that had been hacked by Russian cyber criminals and used for malicious purposes, the U.S. Justice Department said on Thursday. The network, known as the “RSOCKS” botnet, comprised millions of hacked computers … Read more

Europe steps up support for Ukraine as Russia presses offensive

Europe steps up support for Ukraine as Russia presses offensive

Zelenskiy thanks EU leaders for solidarity visit Leaders tour ruined town of Irpin Fighting rages in Sievierodonetsk and southern Ukraine KYIV/IRPIN, Ukraine, June 17 (Reuters) – Britain will host talks on rebuilding key infrastructure in Kyiv on Friday, a day after the leaders of Germany, France and Italy visited Ukraine and offered it the hope … Read more