What would be the impact of Russian oil sanctions in Europe?
The European Union has proposed a phased embargo of Russian oil, tightening its sanctions on Moscow for its invasion of Ukraine. What would the impact be of banning Russian barrels ...
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Turkey’s inflation surges to 20-year high of 70 per cent in April
Turkey’s annual inflation jumped to 69.97 per cent in April, above forecast and at a two-decade high, according to data on Thursday, fuelled by the Russia-Ukraine conflict and rising energy ...
UK revokes Moscow bourse’s status as recognised exchange
Britain on Thursday revoked the Moscow Stock Exchange’s (MOEX) status as a recognised stock exchange, removing some tax relief for new investors.
Britain grants recognised status to some exchanges, ...
As scandals overshadow vote, UK PM Johnson faces election test
Voters in Britain went to the polls in local government elections on Thursday where they are expected to punish Prime Minister Boris Johnson over a cost-of-living crisis and fines for ...
French energy minister expects EU consensus on Russian oil ban by end of week
The French environment and energy minister, Barbara Pompili, on Thursday said she was confident European Union member states will reach a consensus on how to end Russian oil imports by ...
Australia wants calm in ties with Solomon Islands after ‘invasion’ claim
Australia will respond calmly to the Solomon Islands after it signed a security pact with China, Prime Minister Scott Morrison said, dismissing a furious response by the leader of the ...
Rouble jumps to around 2-year high vs dollar, euro as EU ups sanctions
The Russian rouble jumped on Wednesday to around a two-year high against both the dollar and the euro, retaining the support of hefty capital controls as the European Union proposed ...
Sweden says it received U.S. security assurances if it hands in NATO application
Sweden has received assurances from the United States that it would receive support during the period a potential application to join NATO is processed by the 30 nations in the alliance, ...
Ukraine leader appeals for truce to dig out civilians trapped under steel plant
Civilians will need to be dug from bunkers under a steel works that is the last holdout of resistance in Ukraine’s Mariupol, President Volodymyr Zelenskiy said on Thursday, after ...
Consumer boom nearly over as Central Europe heads into “decade of peril”
War may be raging on their doorstep but Central Europe’s economies are outpacing their euro zone peers as consumer spending booms. A reversal could come as soon as this ...
Real fight back from the brink to stun Man City
Real Madrid fought back from the brink of elimination to beat Manchester City 3-1 after extra time and 6-5 on aggregate in an enthralling and dramatic Champions League semi-final on ...
Emotional Heard testifies Depp slapped her when she laughed at tattoo
Actress Amber Heard choked back tears on Wednesday as she told a Virginia jury that her ex-husband Johnny Depp slapped her when she laughed at the writing on one of ...
US hikes interest rate to 22-year high
The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings ...
EU aims for Russian oil ban as battlefield assault intensifies
The European Union proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil embargo, as Kyiv said Moscow was intensifying an offensive in eastern Ukraine and close ...
Russia uses rape as a war tactic, says Ukraine’s prosecutor general
Ukraine’s prosecutor general accused Russia on Tuesday of using rape as a tactic of war and described Russian President Vladimir Putin as “the main war criminal of the 21st ...
Russian Orthodox Church scolds Pope after ‘Putin’s altar boy’ remark
The Russian Orthodox Church scolded Pope Francis on Wednesday for using the wrong tone after he urged Patriarch Kirill not to become the Kremlin’s “altar boy”, cautioning the Vatican ...
New evidence found in Madeleine McCann case, says German prosecutor
Investigators have found new evidence potentially incriminating the key suspect in the disappearance of British toddler Madeleine McCann 15 years ago, said Hans Christian Wolters, the German prosecutor who has been ...
Turkish philanthropist Kavala says political pressure led to life sentence
Turkish philanthropist Osman Kavala, who was sentenced to life in prison for trying to overthrow the government by financing protests in 2013, said on Wednesday that the ruling violated legal standards ...
Rocky ride ahead for Norway’s $1.2 trillion wealth fund
Norway’s $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday.
“We probably ...
Ukraine war set to worsen severe hunger worldwide
Conflict, extreme weather and economic shocks increased the number of people facing a severe lack of food by a fifth to 193 million last year and the Ukraine war means the ...
Kremlin dismisses speculation Putin to declare war on Ukraine on May 9
The Kremlin on Wednesday dismissed speculation that President Vladimir Putin planned to declare war against Ukraine and declare a national mobilisation on May 9 when Russia commemorates the Soviet Union’s ...
Stellantis buys car-sharing business as BMW, Mercedes take different route
Stellantis (STLA.MI) has agreed to buy the Share Now car-sharing business from BMW (BMWG.DE) and Mercedes-Benz (MBGn.DE) as the two German groups focus more on the software ...
Gay marriage, other rights at risk after U.S. Supreme Court abortion move
U.S. Supreme Court Justice Samuel Alito’s draft opinion that would end the recognition of a constitutional right to abortion could imperil other freedoms related to marriage, sexuality and ...
Oil bounces higher ahead of Fed moves, EU sanctions on Russian oil
Oil prices bounced on Wednesday ahead of an announcement by the US Federal Reserve and further sanctions on Russia by the European Union, offsetting demand worries in top importer China.
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