By Noah Browning LONDON (Reuters) -Oil prices were down on Monday as concern over rising interest rates, the global economy and the outlook for fuel demand outweighed the prospect of tightening supplies. Brent crude slipped 86 cents, or 1.1%, to $82.52 a barrel by 1415 GMT. U.S. West Texas Intermediate crude was down 83 cents,…
By Aidan Lewis and Khalid Abdelaziz KHARTOUM (Reuters) – Fighting in Sudan since April 15 has killed hundreds of people, sparked a humanitarian crisis with thousands fleeing their homes and prompted foreign countries to evacuate their citizens for fear of an all-out civil war in an already unstable region. WHAT TRIGGERED THE VIOLENCE? Tension had…
QUITO (Reuters) – Ecuadorean opposition lawmakers and President Guillermo Lasso – or his lawyer – are scheduled to testify this week in impeachment hearings that could see the conservative former banker censured and removed from office. WHAT IS THE PRESIDENT ACCUSED OF? Lasso, who has an antagonistic relationship with lawmakers, is accused of political responsibility…
By Dawn Chmielewski (Reuters) -Walt Disney Co will begin a second wave of layoffs on Monday involving thousands of jobs, as part of efforts to eliminate 7,000 positions and save $5.5 billion in costs, according to sources familiar with the matter. The company will cut “several thousand” jobs through Thursday, with the latest round of…
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold rates at 7.5% on Friday, a Reuters poll showed, with the risk of inflationary pressure picking up limiting the bank’s room for manoeuvre on any monetary easing. Last year, the bank gradually reversed a late February emergency rate…
MILAN (Reuters) – Italian fashion house Valentino reported on Monday an 18% rise in core profit for 2022 as sales rose 10% at constant currencies, boosted by its directly operated shops and defying a weak Chinese market. Controlled by Qatari investment vehicle Mayhoola, Valentino reported preliminary revenue of 1.42 billion euros ($1.56 billion) last year….
BERLIN (Reuters) -Industrial action grounded dozens of flights at two major German airports on Monday as security workers and ground services employees in the capital, Berlin, and in Hamburg held a one-day strike over pay. Berlin-Brandenburg airport cancelled all departures and said some landings would also be affected after the Verdi union called security workers…
By Libby George LONDON (Reuters) -Brazil’s business and political leaders are pressing the case in Europe for investment in the Latin American oil producer as they seek to quell concerns over leftist President Luiz Inacio Lula da Silva’s high-priced spending wishlist. Rebounding commodity prices and a hawkish, independent central bank made Brazil an emerging market…
LUXEMBOURG (Reuters) -The European Union imposed sanctions on Monday on eight Iranians and a mobile telecommunications provider in its latest effort to target individuals and organisations it holds responsible for human rights abuses in Iran. The Council of the EU, which brings together the bloc’s member countries, said it was sanctioning Ariantel, a company that…
JERUSALEM (Reuters) – Israel’s foreign minister called on Monday for the prosecution of a Jordanian lawmaker held on suspicion of trying to smuggle weapons into the occupied West Bank. Sunday’s arrest of Imad al Adwan at an Israeli-controlled border crossing threatened new strains on the neighbours’ almost three-decade-old relations, often tested by Israel’s policies toward…
