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

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

China bank protest stopped by health codes turning red, depositors say

China bank protest stopped by health codes turning red, depositors say

SHANGHAI, June 14 (Reuters) – A protest planned by hundreds of bank depositors in central China seeking access to their frozen funds has been thwarted because the authorities have turned their health code apps red, several depositors told Reuters. The depositors were planning to travel to the central province of Henan this week from across … Read more

Russian rouble leaps to near 7-year high vs euro

Russian rouble leaps to near 7-year high vs euro

A Russian rouble banknote is placed on euro banknotes in this illustration taken March 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Russia’s rouble hits near 7-yr high vs euro Currency propped up by capital controls Hits 58.68 vs euro, gains over 4% vs dollar May 23 (Reuters) – … Read more

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

COLOMBO, May 20 (Reuters) – Thousands of people queued for cooking gas and petrol in Sri Lanka’s commercial capital on Friday and Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic crisis. Lines formed in many parts of Colombo, a city of around 900,000 people, as residents … Read more

‘We are going to die’: Sri Lanka warns of food shortages

'We are going to die': Sri Lanka warns of food shortages

COLOMBO, May 20 (Reuters) – Sri Lanka’s prime minister has warned of a food shortage as the island nation battles a devastating economic crisis and vowed the government will buy enough fertiliser for the next planting season to boost productivity. A decision in April last year by President Gotabaya Rajapaksa to ban all chemical fertilisers … Read more

Yellen: Not legal for U.S. to seize Russian official assets

Yellen: Not legal for U.S. to seize Russian official assets

BONN, Germany, May 18 (Reuters) – The United States does not have legal authority to seize Russian central bank assets frozen due to its invasion of Ukraine, Treasury Secretary Janet Yellen said on Wednesday, but talks with U.S. partners over ways to make Russia foot the bill for Ukraine’s post-war reconstruction are starting. Yellen also … Read more