By Alex Lawler LONDON (Reuters) – Oil rose by more than $1 a barrel on Friday supported by tight supply, although crude was heading for a second weekly fall on concern that rising interest rates could push the world economy into recession. U.S. Federal Reserve Chair Jerome Powell said on Thursday the central bank’s focus…
KYIV, Ukraine (AP) — After weeks of ferocious fighting, Ukrainian forces will retreat from a besieged city in the country’s east to move to stronger positions, a regional governor said Friday. The planned withdrawal from Sievierodonetsk, the administrative center of the Luhansk region, comes after relentless Russian bombardment that has reduced most of the city…
BRUSSELS (AP) — European Union leaders agreed Friday that Croatia will join the group of countries using the euro, bringing the number of nations sharing the currency to 20 starting in January. “The euro is the monetary expression of our shared destiny and has been part of our European dream,” said EU Council President Charles…
PARIS (AP) — Paris Fashion Week menswear shows geared up a notch Friday, as fashion insiders prepared for Dior’s spectacular afternoon show. Here are some highlights of spring-summer 2023 shows thus far. PAUL SMITH LAYERS A fresh and sensitive wardrobe awaited guests at Paul Smith’s spring show in the southeast of Paris. Layering and optical…
(Reuters) – Industrial and Commercial Bank of China (ICBC) said on Friday its wealth management joint venture with Goldman Sachs Group Inc had received the country’s banking regulator’s approval to begin operations. The China Banking and Insurance Regulatory Commission’s (CBIRC) nod comes as the world’s second-largest economy opens up its giant financial sector to investments…
BERLIN (AP) — The head of the United Nations warned Friday that the world faces “catastrophe” because of the growing shortage of food around the globe. U.N. Secretary-General Antonio Guterres said the war in Ukraine has added to the disruptions caused by climate change, the coronavirus pandemic and inequality to produce an “unprecedented global hunger…
By Catarina Demony and Miguel Pereira LISBON/BRUSSELS (Reuters) -Some cabin crew at Ryanair went on strike in Belgium, Spain and Portugal on Friday in a dispute over pay and working conditions, the latest in a wave of walkouts staged by workers across different sectors in Europe. Surging inflation across the continent has led to millions…
BRUSSELS (AP) — A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence from Russia’s war in the neighboring country as the conflict’s full impact sinks in and the threat of recession rises. The EU’s 27 leaders gathered in Brussels to grapple…
PARIS (Reuters) -Production stoppages at two Stellantis auto plants in France stem from shortages in components from German supplier Continental, two sources close to Stellantis said on Friday. Continental was unable to deliver its connected navigation and entertainment systems to a Citroen plant in Rennes, one of the sources said. The other said a Peugeot…
By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) -EU leaders will on Friday discuss how to respond to soaring energy prices and the threat of a total cut-off of Russian gas, accusing Moscow of “weaponising” energy via a supply squeeze that Germany warned could partly shut down its industry this winter. A day after celebrations…
