By Shadia Nasralla LONDON (Reuters) -Oil prices extended a bull run on Tuesday after the EU agreed to a partial and phased ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand ahead of the peak U.S. and European summer driving season. Brent crude for July, which expires on Tuesday,…
ROME (Reuters) – UniCredit Chief Executive Andrea Orcel ruled out on Tuesday that talks with Italy’s Treasury over the sale of state-owned bank Monte dei Paschi di Siena could resume. “The negotiations are over, I’m sorry about that, but they’re over,” Orcel told RaiNews24 television channel after attending the Bank of Italy’s annual general meeting…
SLOVIANSK, Ukraine (AP) — Russian forces in a “frenzied push” have seized half of Sievierodonetsk, the eastern Ukrainian city that is key to Moscow’s efforts to complete the capture of the industrial Donbas region, the mayor said Tuesday. “The city is essentially being destroyed ruthlessly block by block,” Oleksandr Striuk said. He said heavy street…
By Susan Mathew (Reuters) -Eurozone shares hit session lows on Tuesday after data showed inflation rose to a record high in May, spurring bets of bigger interest rate hikes by the European Central Bank (ECB). Inflation in the 19 countries sharing the euro accelerated to 8.1% in May from 7.4% in April, beating expectations for…
DUBAI (Reuters) – Qatar Airways is ready to see its legal dispute with Airbus over flaws with protective skin of A350 wide-body jets through to trial, the Gulf carrier said on Tuesday. Qatar Airways is suing the European planemaker in a UK court for $1 billion in damages after grounding about two dozen of its…
LONDON (AP) — Eurozone inflation hit a record 8.1% in May amid surging energy and food costs fueled in part by Russia’s war in Ukraine. Annual inflation in the 19 countries that use the euro currency soared past the previous record of 7.4% reached in March and April, according to the latest numbers published Tuesday…
By John Chalmers and Gabriela Baczynska BRUSSELS (Reuters) – European Union leaders handed Hungary concessions to agree an oil embargo on Russia over its invasion of Ukraine, sealing a deal in the wee hours on Tuesday that aims to cut 90% of Russia’s crude imports into the bloc by the end of the year. By…
(Reuters) – Russia widened its gas cuts to Europe on Tuesday with energy giant Gazprom turning off supplies to top Dutch trader GasTerra escalating the economic battle between Moscow and Brussels. The move comes a day after Denmark flagged a potential end to its Russian gas supply and the European Union’s toughest measure yet against…
By Susan Mathew (Reuters) -European shares fell on Tuesday, ahead of euro zone inflation data after a larger-than-expected rise in German consumer prices spurred bets of an aggressive central bank response. Annual inflation in the euro region was seen hitting a record high of 7.7% in May, and investors now worried about a sustained rise…
COPENHAGEN, Denmark (AP) — Historically skeptical about European Union efforts to deepen cooperation, Danish voters on Wednesday will choose whether to abandon the country’s decision three decades ago to opt out of the bloc’s common defense policy. The Danish referendum comes as the latest example of European countries seeking closer defense links with allies in…
