EU signals shift to coal, accuses Russia of ‘rogue moves’ on gas
The European Union will temporarily shift back to coal to cope with slowing Russian gas flows, an EU official said on Wednesday, as a tight gas market and rocketing prices ...
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Ukraine and Russia forces entrenched, Putin to mark WWII anniversary
Ukrainian and Russian forces were entrenched in eastern Ukrainian battlegrounds on Wednesday, a day of commemoration in both countries to mark the anniversary of Hitler’s invasion of the Soviet ...
Why is there a worldwide oil-refining crunch?
Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial production.
Prices were already elevated ...
Inside the hangar at the centre of the $1 bln Airbus-Qatar jet dispute
Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf, hobbled by an international legal dispute between European industrial ...
Trans athlete Ivy slams FINA policy as ‘unscientific’
Transgender cyclist Veronica Ivy questioned the move by swimming’s governing body FINA to restrict the participation of trans athletes in elite women’s competitions, telling Reuters that there had ...
Lebanon banks association calls IMF draft agreement ‘unlawful’ in letter
Lebanese banks said the country’s draft agreement with the International Monetary Fund was “unlawful” and “unconstitutional” in a letter sent to the IMF by an adviser of the Association ...
Brexit will cost UK workers 470 pounds a year, study predicts
Britain is becoming a more closed economy due to Brexit, with damaging long-term implications for productivity and wages which will leave the average worker 470 pounds ($577) a year poorer by the ...
UK inflation hits new 40-year high in May, highest in G7
Soaring food prices pushed British consumer price inflation to a new 40-year high last month of 9.1 per cent, the highest rate out of the Group of Seven countries and underlining ...
Saudi crown prince meets Erdogan in Turkey, ‘full normalisation’ in sights
Saudi Crown Prince Mohammed bin Salman visits Turkey for the first time in years on Wednesday for talks with President Tayyip Erdogan aimed at fully normalising ties that were ruptured ...
U.S. Senate advances first significant gun legislation in decades
The U.S. Senate took an initial step towards passing the country’s first major gun-control legislation in decades , galvanized by two mass shootings in a nation that has long ...
Heir to McDonald’s Russia craves success but Big Mac a ‘big loss’
Big Macs and McFlurrys may be off the menu at McDonald’s successor restaurants in Russia, but the new firm has ambitious growth targets after it sold almost 120,000 burgers, a ...
Crypto fears now materialising, central bank body BIS says
Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for International Settlements has said.
The BIS, the global umbrella body ...
Are high prices unpatriotic or as American as you can get?
President Joe Biden’s pointed criticism of oil and gas companies for earning massive profits as families suffer from high gasoline prices challenges a pillar of American capitalism: that U....
Moscow fumes over Lithuania rail ban to Russian region (Update)
Russia warned Lithuania on Tuesday that it would face measures of a “serious negative impact” for blocking some shipments by rail to Moscow’s Baltic Sea enclave of Kaliningrad, in ...
Critics of Turkish media bill stage protest, warn of greater crackdown
Protesters demonstrated in Istanbul on Tuesday against a media bill that Turkey’s government says will fight “disinformation”, but which media rights groups argue will double down on a years-long ...
Russian forces capture several more settlements in Ukraine’s Luhansk region
Russian forces have captured several settlements near the embattled cities of Lysychansk and Sievierodonetsk in the Luhansk region, the regional governor and Ukraine’s general staff said on Tuesday.
Luhansk ...
South China provinces raise alerts over historic flooding
Two provinces in south China upgraded flood warnings on Tuesday as rivers overflowed their banks and waters reached record levels, forcing people from their homes and disrupting work after weeks ...
Musk’s child seeks name change to sever ties with father
Elon Musk’s transgender daughter has filed a request to change her name in accordance with her new gender identity and because “I no longer live with or wish to ...
Bank of England’s Mann says weak pound makes case for big rate hike
The Bank of England should raise rates faster than it has so far because the sterling’s weakness is adding to Britain’s inflation pressures, interest-rate setter Catherine Mann said ...
Germany risks recession as Russian gas crisis deepens
Germany faces certain recession if already faltering Russian gas supplies stop completely, an industry body warned on Tuesday, as Italy said it would consider offering financial backing to help companies ...
Russia tells Lithuania: your citizens will feel the pain over Kaliningrad
A top ally of President Vladimir Putin told Lithuania on Tuesday that Moscow would respond to its ban on the transit of goods sanctioned by the EU to Russia’s ...
Russian TV channel takes aim at ‘Iron Curtain’ from outside
When television reporters Tikhon Dzyadko and Ekaterina Kotrikadze left Russia with other colleagues in March, they left the country without one of its few major non-government media outlets.
The pair, ...
French opposition tells ‘arrogant’ Macron: compromise to win support
French President Emmanuel Macron refused to accept his prime minister’s resignation and met with opposition leaders on Tuesday as he sought a way out of a political predicament after ...
Turkey proposes 1 trillion lira extra budget to tackle rising costs
Turkey’s government has submitted a proposal to parliament for a supplementary budget of some 1 trillion lira ($57.74 billion) to cover rising costs of tackling a currency slide, soaring energy prices ...