Macron tells Biden that UAE, Saudi can barely raise oil output

Macron tells Biden that UAE, Saudi can barely raise oil output

GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he had been told by the UAE’s president. Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of … Read more

Oil prices rise amid G7 talks on new Russian sanctions

Oil prices rise amid G7 talks on new Russian sanctions

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register HOUSTON, June 27 (Reuters) – Oil prices traded higher on Monday in a volatile session as investors waited for any moves against Russian … Read more

NATO to have over 300,000 troops at higher readiness- Stoltenberg

NATO to have over 300,000 troops at higher readiness- Stoltenberg

Madrid summit to adapt NATO stance towards Russia Change driven by Russia’s invasion of Ukraine New strategy paper to brand Russia a ‘direct threat’ BRUSSELS, June 27 (Reuters) – NATO will massively boost the number of troops on high readiness to over 300,000, Secretary-General Jens Stoltenberg said on Monday, with allies set to adopt a … Read more

G7 to hike sanctions on Russia, nears oil price cap deal, U.S. official says

G7 to hike sanctions on Russia, nears oil price cap deal, U.S. official says

SCHLOSS ELMAU, Germany, June 27 (Reuters) – The Group of Seven rich democracies will commit on Tuesday to a new package of coordinated actions meant toraise pressure on Russia over its war in Ukraine, and will finalize plans for a price cap on Russian oil, a senior U.S. official said on Monday. The announcement came … Read more

Family bids farewell to British journalist murdered in the Amazon

Family bids farewell to British journalist murdered in the Amazon

NITEROI, Brazil, June 26 (Reuters) – The family of Dom Phillips on Sunday bid farewell to the British journalist, who was killed earlier this month along with Brazilian indigenous expert Bruno Pereira in the Amazon. Phillips’ wife Alessandra Sampaio, siblings Sian and Gareth, and brother-in-law Paul Sherwood attended the 57-year-old’s funeral in Niteroi near Rio … Read more

NATO to pledge aid to Baltics and Ukraine, urge Turkey to let in Nordics

NATO to pledge aid to Baltics and Ukraine, urge Turkey to let in Nordics

NATO summit over three days in Madrid; Biden to attend Turkey’s veto over Sweden, Finland application a big issue NATO to agree new defences for Baltic region Aid package to Ukraine aims for longer-term support MADRID, June 27 (Reuters) – NATO leaders will urge Turkish President Tayyip Erdogan to lift his veto over Finland and … Read more

Russian forces turn sights on Lysychansk in battle for eastern Ukraine

As war in east rages on, Ukraine gets chance to 'live the European dream'

Ukraine needs modern air defence system – Zelenskiy U.S. to announce missile defence system for Ukraine -source Russian missiles strike Kyiv for first time in weeks Biden condemns Kyiv attack as act of “barbarism” KYIV/POKROVSK, Ukraine, June 27 (Reuters) – Russian forces were fighting on Monday to capture Lysychansk, the last major city still held … Read more

Ecuador cuts gasoline prices in latest concession to protesters

Ecuador cuts gasoline prices in latest concession to protesters

QUITO, June 26 (Reuters) – Ecuadorean President Guillermo Lasso said on Sunday he would cut prices for gasoline and diesel by 10 cents a gallon, the latest concession to try to end nearly two weeks of anti-government protests in which at least six people have died. The sometimes-violent demonstrations by largely indigenous protesters demanding lower … Read more

G7 aims to raise $600 billion to counter China’s Belt and Road

G7 aims to raise $600 billion to counter China's Belt and Road

SCHLOSS ELMAU, Germany, June 26 (Reuters) – Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. U.S. President Joe Biden and other G7 leaders relaunched the newly renamed “Partnership … Read more

G7 summit kicks off under shadow of Ukraine war, stagflation risk

G7 summit kicks off under shadow of Ukraine war, stagflation risk

SCHLOSS ELMAU, Germany, June 26 (Reuters) – German Chancellor Olaf Scholz welcomes leaders of the Group of Seven rich democracies on Sunday to a three-day summit in the Bavarian Alps overshadowed by the war in Ukraine and its far-reaching consequences, from energy shortages to a food crisis. The summit takes place against a darker backdrop … Read more