It’s not a summer heat wave that’s making European leaders and businesses sweat. It’s fear that Russia’s manipulation of natural gas supplies will lead to an economic and political crisis next winter. Or, in the worst case, even sooner if Russia suddenly cuts off the gas. Here are key things to know about the energy…
COLOMBO, Sri Lanka (AP) — Sri Lanka’s President Gotabaya Rajapaksa said Wednesday that he had a telephone call with Russian leader Vladimir Putin to request credit support to import fuel for the island nation that is facing its worst economic crisis in memory. “Had a very productive telecon with the Russia President Vladimir Putin. While…
LONDON (Reuters) -Britain’s antitrust watchdog is investigating Amazon.com Inc on concerns it was hurting competition by giving its own sellers an unfair advantage over third-parties on the marketplace. The move adds to the global regulatory scrutiny of the U.S. tech giant. Britain’s Competition and Markets Authority (CMA) said it opened an investigation on Tuesday into…
BRUSSELS (AP) — European Union lawmakers voted Wednesday to include natural gas and nuclear in the bloc’s list of sustainable activities, backing a proposal from the EU’s executive arm that has been drawing fierce criticism from environment groups and now looks set to trigger legal challenges. As the EU wants to set the best global…
SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc sold around 78,000 China-made vehicles in June, according to preliminary estimates published by the China Passenger Car Association (CPCA) showed on Wednesday. This was up by 142% from May, when Tesla sold 32,165 China-made vehicles. CPCA also said its preliminary estimates indicated that 1.926 million passenger…
By Jonathan Stempel and Jessica DiNapoli NEW YORK (Reuters) -Ben & Jerry’s on Tuesday sued its parent Unilever Plc to block the sale of its Israeli business to a local licensee, saying it was inconsistent with its values to sell its ice cream in the occupied West Bank. The complaint filed in the U.S. District…
(Reuters) – Australia’s “big four” lenders raised their home loan variable interest rates on Wednesday by 50 basis points (bps) per annum, passing on the central bank’s third consecutive rate hike in full to their customers. Commonwealth Bank of Australia, National Australia Bank, Australia and New Zealand Banking Group and Westpac Banking Corp all lifted…
By Fabian Hamacher TAITUNG, Taiwan (Reuters) – Taiwan’s air force showed off its new locally designed and made jet trainer on Wednesday, touting the more advanced, combat-capable abilities of the aircraft that will replace aging and accident-prone existing equipment. Taiwan’s armed forces are mostly equipped by the United States, but President Tsai Ing-wen has made…
BEIJING (AP) — Asian stock markets gained Thursday after the Federal Reserve said higher U.S. interest rates might be needed to cool inflation. Shanghai, Tokyo and Sydney advanced. Hong Kong declined. Oil prices fell more than $1 per barrel to stay below $100. Wall Street’s benchmark S&P 500 index gained 0.4% on Wednesday after notes…
(Reuters) – Voyager Digital has filed for bankruptcy, the crypto lender said in a statement on Wednesday, a week after suspending withdrawals, trading and deposits to its platform as it sought additional time to explore strategic alternatives. In its Chapter 11 bankruptcy filing on Tuesday, Toronto-listed Voyager estimated that it had more than 100,000 creditors…
