Analysis-As Liquidity Dries Up, Oil Braces For Whiplash Volatility
By Julia Payne LONDON (Reuters) – A $40 a barrel rise and fall in oil prices in March pushed many…
March 17, 2022
China’s Shenzhen to reopen, still trying to contain virus
BEIJING (AP) — Companies in Shenzhen, a major Chinese business center, will be allowed to reopen while efforts to contain…
Swiss Re Cuts Fossil Fuel Cover For Oil, Gas To Help Climate
By Simon Jessop LONDON (Reuters) – Swiss Re, the world’s second biggest reinsurer, said it would increase the number of…
Major UK ferry operator fires 800 crew, disrupting service
LONDON (AP) — A ferry operator owned by the government of Dubai sparked a furious response from workers and criticism…
Bank of England raises rates as Ukraine war boosts inflation
LONDON (AP) — The Bank of England raised its key interest rate Thursday for the third time since December as…
War in Ukraine will take global economic toll, group warns
Russia’s war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher…
Microsoft Faces EU Antitrust Complaint About Its Cloud Computing Business
PARIS (Reuters) – U.S. tech giant Microsoft is facing an antitrust complaint filed by three European rivals in the booming…
Accenture Forecasts Third-quarter Revenue Above Estimates
(Reuters) – IT consulting firm Accenture Plc on Thursday forecast third-quarter revenue above Wall Street’s estimates, thanks to growing demand…
Ukraine Crisis Could Cut 1% Off Global Growth This Year – OECD
PARIS (Reuters) – The Ukraine crisis could knock more than a percentage point off global growth this year and add…
Oil Surges Amid Warnings Of Supply Shortages
By Ahmad Ghaddar LONDON -Oil prices climbed 4% on Thursday after the International Energy Agency (IEA) said three million barrels…