ROME (Reuters) – The rapid decline in energy costs should help to tame inflation in Europe, Bank of Italy governor Ignazio Visco said on Saturday, urging companies not to seek to boost their margins by leaving prices higher for longer. Visco, a member of the European Central Bank’s governing council, said the key issue was…
KYIV (Reuters) – Ukraine is ready to launch its long-awaited counteroffensive to recapture Russian-occupied territory, President Volodymyr Zelenskiy said in an interview published on Saturday. “We strongly believe that we will succeed,” Zelenskiy told the Wall Street Journal. “I don’t know how long it will take. To be honest, it can go a variety of…
By Guy Faulconbridge MOSCOW (Reuters) -Russia warned the United States on Saturday it should stop brandishing ultimatums over the collapse of arms control agreements, saying Moscow would only return to a nuclear arms reduction treaty if Washington abandons its hostile stance. Russia and the United States, by far the biggest nuclear powers, have both expressed…
By Kanupriya Kapoor SINGAPORE (Reuters) -Indonesia’s defence minister on Saturday proposed a peace plan to end the war in Ukraine, calling for a demilitarised zone and a United Nations referendum in what he called disputed territory. Ukrainian foreign ministry spokesperson Oleg Nikolenko dismissed the plan, reiterating Kyiv’s position that Russia should withdraw its troops from…
SHANGHAI (Reuters) – China “strongly opposes” NATO repeatedly labelling it a threat, China’s embassy to Norway said on Saturday, referring to remarks by NATO Secretary General Jens Stoltenberg during a recent visit to the Scandinavian country. “China urges NATO to stop stirring up regional conflicts and creating divisions and unrest,” the embassy said in a…
By Ana Mano SAO PAULO (Reuters) – Revised trade accords with most of Brazil’s trade partners, including China, make it unlikely the world’s largest chicken supplier will impose a nationwide ban on exports should the virus that causes highly pathological avian influenza (HPAI) hit commercial flocks. Ricardo Santin, head of a group representing firms like…
By Trevor Hunnicutt WASHINGTON (Reuters) – A senior aide to U.S. President Joe Biden expressed concern about events in northern Kosovo in calls with Prime Minister Albin Kurti and Serbian President Aleksandar Vucic, the White House said on Friday. A political crisis that has spiraled into violence in Kosovo’s north has intensified since ethnic Albanian…
VIENNA (Reuters) – OPEC has denied media access to reporters from Reuters, Bloomberg and the Wall Street Journal to report on oil policy meetings in Vienna this weekend, reporters, Bloomberg and people familiar with the matter said on Friday. The three media organizations are among the world’s leading suppliers of financial news and information. They…
By Alvise Armellini SAN CASCIANO DEI BAGNI, Italy (Reuters) – One of Italy’s most remarkable archaeological finds in decades goes on show this month – Etruscan and Roman statues pulled from the mud in Tuscany thanks in part to the intuition of a retired garbage man. About two dozen bronze statues from the third century…
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told Reuters on Friday as oil prices fell towards $70 per barrel and market analysts spoke of a new supply glut. OPEC+,…
