US says Russia oil price cap should reflect historical prices, curb Putin profit
The price cap that G7 countries want to impose on Russian oil to punish Moscow should be set at a fair market value minus any risk premium resulting from its ...
Articles
Crowds mourn ‘amazing lady’ Queen Elizabeth outside royal residences
The crowd gathered outside Buckingham Palace to pay respects to the late Queen Elizabeth on Friday were rewarded with a surprise that brought cheers on a sombre day when King ...
EU to claw back energy firms’ profits rather than cap Russian gas price
European Union energy ministers on Friday tasked Brussels with drafting proposals within a few days to cap the revenues of non-gas energy producers and help power firms stay afloat.
But ...
EU makes it harder for Russian tourists to enter bloc from Monday
The European Union will make travelling to the bloc more difficult and expensive for Russians from Monday after it formally backed suspending a visa facilitation agreement over Russia’s invasion ...
BoE delays rate decision meeting by a week after Queen’s death
The Bank of England on Friday postponed next week’s interest rate decision following the death of Queen Elizabeth, its first delay to a monetary policy meeting since the central ...
Bearing the scars: One year of Turkey’s unorthodox easing cycle
Nearly 12 months ago, Turkey’s central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and running against a global trend of rising ...
‘Substantial victory’ for Kyiv acknowledged on Russian TV
Russian state television broadcast an interview on Friday acknowledging that Kyiv had achieved a “substantial victory”, after Ukrainian forces burst through the frontline in a lightning advance.
The Ukrainian breakthrough ...
Australian republicans offer condolences for Queen but call for debate
Australians on Friday mourned the death of Queen Elizabeth, but republicans also revived a longstanding debate on ending the country’s association with the 1,000-year-old monarchy.
The British monarch is ...
North Korea declares itself a nuclear weapons state
North Korea has officially enshrined the right to use preemptive nuclear strikes to protect itself in a new law that leader Kim Jong Un said makes its nuclear status “irreversible” ...
Russia warns the West: energy price cap will be your undoing
Russia warned the West on Friday that plans to try to cap the price of Russia’s oil and gas exports in retaliation for the war in Ukraine would fail ...
Euro leaps parity on ECB, world stocks hit one-week high
The euro rose back above parity to a two-week high against the dollar on Friday following a large rate hike and hawkish comments from the European Central Bank, while a ...
UK football postponed to mourn Queen (updated)
All football fixtures in England between Sept. 9-11 were postponed by the country’s Football Association (FA) on Friday as a mark of respect following the death of Queen Elizabeth ...
Oil supported by supply threats, but heads for weekly drop on demand fears
Oil prices rose on Friday as investors considered Russia’s threat to halt oil and gas exports to some buyers, but crude was set for a second weekly decline as ...
An outspoken prince, King Charles may have to bite his tongue
By Michael Holden
Throughout his long wait to ascend the throne, King Charles stood out for his outspoken views on everything from climate change to architecture. Now he is monarch, ...
Bitcoin leaps over $20,000 as US dollar sags
Bitcoin surged past the $20,000 barrier and was eyeing its best day in six weeks on Friday as the US dollar fell broadly and markets found reasons to be cheerful at ...
Royal mourning to last until seven days after queen’s funeral
Britain’s royal family will observe a period of mourning that ends on the seventh day after the funeral of Queen Elizabeth, with flags at royal residences to remain at ...
EY plans to spin off audit, consulting units to ease regulatory concerns
Ernst & Young (EY) said on Thursday it was planning to split its audit and consulting units into two companies, as the professional services firm looks to ease regulatory concerns ...
Swiatek to face Jabeur in US Open final
World number one Iga Swiatek rallied from a set down to beat Aryna Sabalenka 3-6 6-1 6-4 and reach her first U.S. Open final, where she will meet Ons ...
Man United slump to Sociedad loss, Marquinhos inspires Arsenal
Manchester United kicked off their Europa League campaign poorly with a 1-0 home defeat by Real Sociedad as Arsenal’s new signing Marquinhos scored in a 2-1 win at FC ...
Britain’s King Charles to address a nation shaken by death of queen (Update 3)
By Michael Holden and Andrew MacAskill
King Charles will on Friday address a grieving nation following the death of his mother Queen Elizabeth after seven decades on the throne, as ...
German economy ministry reviews measures to curb China business
Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower, two ...
A year on, El Salvador’s bitcoin experiment is stumbling
A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built – a circular metropolis powered by a ...
Tesla triples deliveries of China-made cars after upgrade in Shanghai plant
Tesla (TSLA.O) sold 76,965 Chinese-made vehicles in August, nearly triple its sales from a month ago, as it quickened deliveries after ramping up output at its Shanghai plant.
The US ...
Charles, Britain’s conflicted new monarch
With the death of his mother Queen Elizabeth on Thursday, Prince Charles has finally become king of the United Kingdom and 14 other realms, ending a wait of more than 70 years – ...