(Reuters) – Russia may suspend exports of wheat, barley, maize (corn) and rye starting from Tuesday until June 30, the Interfax news agency reported on Monday, citing the agriculture ministry. Russia is the world’s largest wheat exporter with Egypt and Turkey among the main buyers. It competes mainly with the European Union and Ukraine. “The…
(Reuters) -The latest on Russia’s oligarchs and their assets: ALISHER USMANOV Alisher Usmanov, 68, metals and telecoms tycoon with an estimated $16.2 billion net worth has been sanctioned by the United States and European Union Seized: – A villa in Golfo del Pevero, on the island of Sardinia, worth approximately $19 million was seized by…
By Bozorgmehr Sharafedin LONDON (Reuters) -Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict, while a surge in COVID-19 cases in China spooked the markets. Brent was down by $6.78, or 6%, at $105.89 a barrel at 1358 GMT and…
By Amal S (Reuters) – Canada’s commodity-heavy main stock index fell on Monday, extending prior session’s losses, weighed down by weakness in energy and mining shares as commodities slumped on hopes for progress in Ukraine-Russia peace talks. At 9:39 a.m. ET (13:39 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 131.59 points, or…
Blue Apron was struggling at the start of 2020. The meal kit company was trying to boost sales with new options like premium meals, but it was also considering putting itself up for sale. Then the pandemic happened. Almost overnight, New York-based Blue Apron gained thousands of customers as restaurants closed and people tried to…
BERLIN (AP) — Germany’s finance minister proposed a “crisis discount” Monday to dampen the impact of recent fuel price hikes due to the war in Ukraine. The fuel subsidy proposed by Finance Minister Christian Lindner could see gas prices cut by more than 0.2 euros per liter (about $.08 a gallon), German media reported. “The…
By Christoph Steitz FRANKFURT (Reuters) – U.S. carmaker Ford on Monday unveiled plans for seven new electric models in Europe, a battery-assembly site in Germany and a nickel cell manufacturing joint venture in Turkey as part of a major electric vehicle (EV) push on the continent. “Our march toward an all-electric future is an absolute…
PRZEMYSL, Poland (AP) — As Russia’s war in Ukraine becomes a grim new reality for millions of Ukrainians, the tens of thousands who make the increasingly treacherous journey toward safety in the European Union each day are left with no sense of when, or if, they’ll ever return home. More than 2.8 million people have…
MILAN (Reuters) – Italian energy group Eni has agreed to sell a 49% stake in power generation unit Enipower to U.S. investment firm Sixth Street Partners to help fund its shift to cleaner businesses. In a statement on Monday Eni said it would keep operational control of the unit and would continue to consolidate it…
(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. Musk in a tweet on Sunday also asked about inflation rate outlook and said his companies “are not alone”, retweeting an article saying the Ukraine-Russia conflict sent…
