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

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

Boris Johnson seeks to stay in power until the mid-2030s

Boris Johnson seeks to stay in power until the mid-2030s

UK’s Johnson does not expect fresh leadership challenge Johnson wants three terms to tackle regional inequality British PM pressured by poll losses after leadership vote PM declines comment on 150,000-pound treehouse for son KIGALI, June 25 (Reuters) – British Prime Minister Boris Johnson said on Saturday he aims to remain in power until the middle … 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

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

Germany triggers gas alarm stage, accuses Russia of 'economic attack'

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 West, Russia in energy standoff since Ukraine invasion German minister warns of ‘rocky road’ ahead Minister does not rule out gas rationing Russian … Read more

Bulgarian government loses no-confidence vote, early elections loom

Bulgarian government loses no-confidence vote, early elections loom

Disputes over fiscal policy as inflation soared Government had strong NATO stance Petkov hopes for defections to form new government SOFIA, June 22 (Reuters) – A no-confidence vote on Wednesday toppled Bulgaria’s government and Prime Minister Kiril Petkov, who had pledged to tackle corruption and took an unusually strong stance against Russia. Opposition lawmakers brought … Read more

Saudi crown prince, Erdogan meet in Turkey with ‘full normalisation’ in sights

Saudi crown prince, Erdogan meet in Turkey with 'full normalisation' in sights

Ankara halted Khashoggi murder trial to warm ties Official says talks going slow on possible FX swap line Erdogan faces tough elections with economy strained ANKARA, June 22 (Reuters) – Saudi Crown Prince Mohammed bin Salman arrived in Turkey for the first time in years on Wednesday for talks with President Tayyip Erdogan aimed at … Read more

EU leaders to keep sanction pressure on Russia, gold flagged as new target

EU leaders to keep sanction pressure on Russia, gold flagged as new target

EU leaders to hold summit this week, Ukraine in focus They will commit to work on more sanctions – draft accord Gold, vital asset for Russia cenbank, may be among new targets BRUSSELS, June 21 (Reuters) – European Union leaders aim tomaintain pressure on Russia at their summit this week by committing to further work … Read more

Biggest rail strike in 30 years brings UK to standstill

Biggest rail strike in 30 years brings UK to standstill

More than 40,000 rail workers set to strike Government under pressure over cost-of-living crisis Unions say strike may start ‘summer of discontent’ LONDON, June 21 (Reuters) – Britain’s biggest rail strike in 30 years kicked off on Tuesday as tens of thousands of staff walked out in a dispute over pay and jobs that could … Read more

EXCLUSIVE UAE to build Red Sea port in Sudan in $6 billion investment package

EXCLUSIVE UAE to build Red Sea port in Sudan in $6 billion investment package

A man stands opposite the modern port at the harbour in Port Sudan at Red Sea State February 24, 2014. REUTERS/Mohamed Nureldin Abdallah Register now for FREE unlimited access to Reuters.com Register CAIRO, June 20 (Reuters) – The United Arab Emirates will build a new Red Sea port in Sudan as part of a $6 … Read more