EU split on Russian oil price cap level, talks to resume Thursday

EU split on Russian oil price cap level, talks to resume Thursday

BRUSSELS, Nov 23 (Reuters) – European Union governments failed to reach a deal on Wednesday at what level to cap prices for Russian sea-borne oil under the Group of Seven nations (G7) scheme and will resume talks on Thursday evening or on Friday, EU diplomats said. Earlier on Thursday representatives of the EU’s 27 governments … Read more

G7 calls for ‘significant’ U.N. response to North Korea missile launches

G7 calls for ‘significant’ U.N. response to North Korea missile launches

ROME, Nov 20 (Reuters) – The United Nations’ Security Council needs to take “significant measures” in response to the latest intercontinental ballistic missile launch by North Korea, foreign ministers of the Group of Seven (G7) major industrialised nations said on Sunday. The Security Council is set to discuss North Korea in a meeting on Monday … Read more

IMF says global economic outlook getting ‘gloomier’, risks abound

IMF says global economic outlook getting ‘gloomier’, risks abound

WASHINGTON, Nov 13 (Reuters) – The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months. It blamed the darker outlook on tightening monetary policy triggered by persistently high and broad-based inflation, weak growth momentum in China, … Read more

G7 urges China to abstain from threats, use of force

G7 urges China to abstain from threats, use of force

MUENSTER, Germany, Nov 4 (Reuters) – The Group of Seven on Friday urged China to abstain from “threats, coercion, intimidation, or the use of force,” while expressing their aim for cooperation where possible to tackle global challenges including security, global health and climate. The mildly-worded communique, wrapping up two days of meetings by the foreign … Read more

Book notes: Yellen: the trailblazing economist who navigated an era of upheaval, by Jon Hilsenrath

Book notes: Yellen: the trailblazing economist who navigated an era of upheaval, by Jon Hilsenrath

Jon Hilsenrath, Yellen: the trailblazing economist who navigated an era of upheaval, Harper Collins, 2022, 400 pages This book provides a powerful story of the illustrious career of Janet Yellen – in my view, the most successful economist in the world. Yellen has gained particular notoriety as the first female chair of the Board of … Read more

EXCLUSIVE G7 coalition has agreed to set fixed price for Russian oil -source

EXCLUSIVE G7 coalition has agreed to set fixed price for Russian oil -source

WASHINGTON/LONDON, Nov 3 (Reuters) – The Group of Seven rich nations and Australia have agreed to set a fixed price when they finalize a price cap on Russian oil later this month, rather than adopting a floating rate, sources said on Thursday. U.S. officials and G7 countries have been in intense negotiations in recent weeks … Read more

EU Likely to Approve G-7 Cap on Russian Oil Price in Two Steps

EU Likely to Approve G-7 Cap on Russian Oil Price in Two Steps

BERLIN—The European Union has advanced work on a price cap for Russian oil under an approach that keeps the U.S.-led effort on track but holds off on final approval. EU member states have agreed on a two-stage approach to the international price cap on Russian oil, which is being developed within the Group of Seven … Read more

EU executive proposes eighth batch of sanctions against Russia

EU executive proposes eighth batch of sanctions against Russia

EU states start negotiating new package of Russia sanctions 27 member countries split on oil price cap Ukraine: It’s needed to stop ‘blood money’ flowing to Russia BRUSSELS, Sept 28 (Reuters) – The European Union executive proposed on Wednesday an eighth round of sanctions against Russia over its invasion of Ukraine, including tighter trade restrictions, … Read more

U.S. senators want secondary sanctions on Russian oil

U.S. senators want secondary sanctions on Russian oil

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 20 (Reuters) – Democratic and Republican senators on Tuesday proposed that U.S. President Joe Biden’s administration use secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Russian oil over Moscow’s invasion of Ukraine. Democratic Senator Chris Van … Read more

Germany takes control of Russian-owned refinery amid energy crisis

Germany takes control of Russian-owned refinery amid energy crisis

Register now for FREE unlimited access to Reuters.com Register German energy industry reeling since war in Ukraine German regulator now has control of Schwedt refinery Schwedt refinery is a main fuel source for Berlin PKN interested in controlling stake in refinery – sources BERLIN, Sept 16 (Reuters) – Germany took control of a major Russian-owned … Read more