OPEC+ heads for deep supply cuts, clash with US
OPEC+ looks set for deep oil output cuts when it meets on Wednesday, curbing supply in an already tight market despite pressure from the United States and other consuming countries ...
Articles
EU’s von der Leyen to press EU leaders on gas price cap
European Commission President Ursula von der Leyen will impress upon EU leaders meeting this week the need for a gas price cap and to ensure any financial support measures allow ...
Alcaraz confidence dented by defeat in first match as world No.1
Carlos Alcaraz’s first ATP Tour event as world number one ended in a 7-5 6-3 defeat to David Goffin at the Astana Open on Tuesday and the Spaniard said ...
Chinese fish fossils take a bite out of mystery of origin of jaws
For human beings and 99.8 per cent of our fellow vertebrates, having jaws is an integral part of life. Just try eating a taco without them. But, like everything else in ...
Musk reverses course, again: he’s ready to buy Twitter, build ‘X’ app
Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc (TWTR.N) private, security filings showed on Tuesday, calling for an end to a ...
SWIFT sets out blueprint for central bank digital currency network
Financial messaging system SWIFT has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.
The trial, which ...
TV protester confirms she’s on the run from Russian authorities
Russian TV journalist Marina Ovsyannikova, famous for staging an on-air protest against Russia’s war in Ukraine, confirmed she had escaped house arrest over charges of spreading fake news again, ...
Chelsea’s Mendy, Kante back from injuries ahead of Milan clash
Chelsea have been handed a boost with goalkeeper Edouard Mendy and midfielder N’Golo Kante back in training after recovering from injury, manager Graham Potter said on Tuesday.
Mendy has ...
Banks divert gold supply from India to China, Turkey
Gold-supplying banks have cut back shipments to India ahead of major festivals in favour of focusing on China, Turkey, and other markets where better premiums are offered, three bank officials ...
Australia to set aside at least 30% of its land mass to protect endangered species
Australia will set aside at least 30 per cent of its land mass for conservation in a bid to protect plants and animals in the island continent famed for species found ...
South Korea, US fire missiles into the sea to protest ‘reckless’ North Korea test
South Korea and the U.S. military conducted rare missile drills and an American supercarrier repositioned east of North Korea after Pyongyang flew a missile over Japan, one of the ...
Guardiola wants ‘exceptional’ Foden to stay at City for many years
Manchester City manager Pep Guardiola hailed Phil Foden as “exceptional” and said the club would like him to stay for years with the England international reportedly close to signing a ...
Ukraine opposes Belarus bid to lead conflict diamond organisation
Ukraine has accused Russia of trying to push its ally Belarus to the top of an international diamond certification body to protect Moscow’s gems from being branded conflict diamonds ...
Magnitude 5.7 earthquake strikes northwestern Iran, many injured
A magnitude 5.7 earthquake struck northwestern Iran on Wednesday, and state television said medical authorities in the area reported that at least 276 people had been injured.
The quake’s epicentre was ...
Ukraine reports rapid push back of Russian troops on two fronts
President Volodymyr Zelenskiy said Ukraine‘s military had made major, rapid advances against Russian forces in the past week, taking back dozens of towns in regions in the south and ...
UK bond market crash takes shine off Big Bang plans for London
Britain’s new Prime Minister Liz Truss promised to “unshackle” the City of London to fuel growth, but crashing the bond market over tax cuts will take the shine off ...
Tight global oil supply can’t be reversed easily, Shell, Aramco CEOs say
The oil market is not focusing on the fact that global spare capacity to raise oil production is very low, Saudi Aramco’s Chief Executive said on Tuesday, with Shell’...
Liverpool stroll past Rangers, Spurs held by Frankfurt
Liverpool put their recent stutters behind them to comfortably beat Rangers 2-0 in the Champions League on Tuesday and move into second spot in Group A.
The win, thanks to ...
EU can learn from Spanish gas price limit, EU energy chief says
The European Union can learn from Spain and Portugal’s mechanism to cap the price of gas used in power generation, although the scheme is not suitable to immediately roll ...
Nord Stream operators: Authorities won’t allow us to inspect damaged pipelines
The operators of two Baltic Sea gas pipelines that linked Russia and Germany until they both sprang major leaks last week said they were unable to inspect the damaged sections ...
Musk reverses again, now ready to buy Twitter at original price -sources
Billionaire Elon Musk is proposing to go ahead with his original offer of $44 billion to take Twitter Inc TWTR.N private, two sources familiar with the matter said on Tuesday, ...
Turkey’s parliament debates Erdogan’s media ‘disinformation’ bill
Turkish lawmakers began debating on Tuesday a contentious media bill, proposed by President Tayyip Erdogan’s AK Party and its nationalist allies, that the opposition and media rights groups say ...
Credit Suisse’s turnaround just got a lot tougher as market reels
Swiss lender Credit Suisse Group AG (CSGN.S), battered by scandals and losses, is racing through a restructuring plan. Wild market swings and a social media storm are making that ...
Blackout in most of Bangladesh after national grid failure
Large swathes of Bangladesh were left without electricity on Tuesday after a grid failure, a government official said, adding that authorities were working to gradually restore power supply in the ...