BERLIN (AP) — German Chancellor Olaf Scholz said Thursday that Russia’s war in Ukraine mustn’t lead to a “worldwide renaissance” for coal — comments that come as Germany itself brings coal-fired power plants back online in an effort to prevent an energy crunch this winter. In a speech to parliament, Scholz highlighted his government’s efforts…
ADDIS ABABA, Ethiopia (AP) — The African Union has scheduled peace talks to resolve Ethiopia’s Tigray conflict for Oct. 24, the Ethiopian prime minister’s national security adviser said Thursday. The statement from Redwan Hussein came as fighting continued between Ethiopia’s federal government troops and the authorities in Tigray. Earlier this week, Ethiopia’s government said it…
KYIV, Ukraine — Ukraine has launched a power-saving campaign following Russian strikes on energy infrastructure. Starting Thursday, Ukrainians are being asked to reduce power usage from 7 a.m.-11 a.m.. Rolling blackouts may also occur as the country tries to response to an increasing number of repairs needed to power stations and other facilities damaged by…
ABUJA, Nigeria (AP) — A major Nigerian energy company says it cannot deliver natural gas as promised in its contracts after deadly flooding hindered its operations, raising concerns about whether Africa’s largest economy can meet increased local and international demands during an energy crisis provoked by Russia’s war in Ukraine. Nigeria LNG Limited, or NLNG,…
By Leika Kihara and Daniel Leussink TOKYO (Reuters) -Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of 150 to the dollar, keeping investors on high alert in case Tokyo steps into markets again to support the fragile currency. After the yen’s first break beyond the…
By Leika Kihara and Daniel Leussink TOKYO (Reuters) – The yen tumbled past the key psychological level of 150 to the dollar on Thursday for the first time since 1990, defying Japanese policymakers’ repeated threats of intervention to address excessive currency market volatility. The break above the key milestone heightens pressure for Tokyo to step…
BRUSSELS (AP) — European Union leaders struggled to find immediate practical solutions at their summit Thursday called to grapple with the energy crisis fueled by the war in Ukraine and maintain a united front in the face of Russian President Vladimir Putin coercion. After lengthy talks in Brussels dragged well into the night, the 27…
LONDON (AP) — U.K. Prime Minister Liz Truss was hanging on to power by a thread on Thursday, after a senior minister quit her government with a barrage of criticism and a vote in the House of Commons descended into chaos and acrimony. A botched economic plan unveiled by the government last month triggered financial…
By Oliver Hirt, John O’Donnell and Noele Illien ZURICH/FRANKFURT (Reuters) – Credit Suisse is racing to firm up sales of part of its business that could limit the cash it needs from investors, a person with direct knowledge of the matter said, with just days to go before the bank unveils an overhaul. The embattled…
TOKYO (AP) — Asian shares were mostly lower Friday in muted trading, as investors kept an eye on inflation. Benchmarks fell in Tokyo, Seoul, Sydney and Hong Kong but rose in Shanghai and Mumbai. Japan’s core consumer prices rose 3.0% in September from a year earlier, according to government data released Friday. That was the…
