By Oksana Kobzeva and Vladimir Soldatkin MOSCOW (Reuters) – Increased supplies of liquefied natural gas (LNG) from Russia’s Novatek mean the company is close to overtaking Kremlin-controlled Gazprom as the country’s leading fuel supplier to Europe, Reuters calculations show. Novatek’s rise towards the coveted top spot underlines how much the Ukraine conflict has disrupted Russia’s…
SYDNEY (Reuters) – Australia and the U.S. began two weeks of war games involving more than 30,000 troops and participants from 11 other countries on Friday, in a show of force and unity at a time when China has emerged as an increasingly assertive power in the Indo-Pacific. Held every two years, the first Talisman…
By Nell Mackenzie LONDON (Reuters) – The European Union said on Thursday it has reached a deal on revising its rules for managers of hedge funds and other alternative investments, easing industry fears of a post-Brexit crackdown on managers in London. Representatives of EU states and the European Parliament reached the deal overnight to update…
By Jonathan Stempel (Reuters) -FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as defendants Caroline Ellison, who led Bankman-Fried’s Alameda Research hedge fund; former…
By Andrew MacAskill and Elizabeth Piper LONDON (Reuters) – British Prime Minister Rishi Sunak’s governing Conservatives lost two strategically important parliamentary seats on Friday but unexpectedly retained Boris Johnson’s old constituency in a setback for the opposition Labour Party. The Conservatives’ narrow victory in Johnson’s seat gave Sunak some breathing space to try to narrow…
By Maria Martinez, Gergely Szakacs and Karol Badohal BERLIN/WARSAW (Reuters) – European countries have not fully seized on the opportunity to plug workforce gaps presented by the arrival of millions of Ukrainian refugees, even though many of those fleeing the war are highly educated or have desperately needed skills. The flood of people over the…
MOSCOW (Reuters) -Russia’s Defence Ministry said on Friday that its Black Sea Fleet had practised firing rockets at surface targets in a live fire exercise, two days after it warned that ships heading to Ukraine’s Black Sea ports could be considered military targets. Russia issued its warning earlier this week after it quit the Black…
By Panu Wongcha-um and Chayut Setboonsarng BANGKOK (Reuters) – Thailand’s election-winning Move Forward party on Friday made way for runner-up and alliance partner Pheu Thai to try to form the next government, after its leader’s bid was twice thwarted this month by a military-backed Senate. The progressive Move Forward and populist Pheu Thai have the…
(This July 20 story has been corrected to change the attribution to senior Japan economist at UBS Securities, not economist at JPMorgan Chase in paragraph 5) By Leika Kihara TOKYO (Reuters) – Japan’s government on Thursday forecast inflation sharply exceeding the central bank’s 2% target this year, acknowledging broadening price rises that may keep alive…
MANILA (Reuters) – Philippines President Ferdinand Marcos Jr said on Friday his government will not cooperate with the International Criminal Court’s (ICC) investigation into the thousands of killings committed during his predecessor’s ‘war on drugs’. Marcos maintained the ICC has no jurisdiction over the Southeast Asian country, which withdrew from the ICC in March 2019….