UAE’s newly elected ruler sees Iran, Islamists as threat to Gulf safe haven

De facto ruler elected president after brother’s death MbZ forged new axis with Israel against Iran, Islamists Perhaps the Gulf’s ‘savviest’ ruler, Obama wrote DUBAI, May 14 (Reuters) – United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a … Read more

Europe’s gas supply crisis grows after Russia imposes sanctions

Russia imposes sanctions on European Gazprom subsidiaries Polish firm operating Yamal-Europe section also hit Germany to lose 10 mcm / day of gas supply Dutch gas prices rise by up to 20% BERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries … Read more

EXCLUSIVE Top EU official backs multi-trillion plan to rebuild Ukraine

Rebuilding Ukraine will cost trillions of euros – top EU banks EIB chief Hoyer calls for Marshall-style Plan for Ukraine Urges West and its banks to underwrite Ukraine finances BRUSSELS, May 11 (Reuters) – A top European official has backed a multi-trillion-euro “Marshall” -style plan to rebuild Ukraine, pledging the firepower of the EU lending … Read more

NATO to welcome Nordic members as Ukraine pushes back Russian forces

Finland expected to announce bid to join NATO Ukraine halts major route for Russian gas to Europe Russia imposes sanctions on Gazprom units in Europe, US Ukrainian forces seek to cut Russian battlefield supply lines KYIV / BRUSSELS, May 12 (Reuters) – Finland is expected to announce on Thursday its intention to join NATO with … Read more

Ukraine pushes Russian forces back, restricts gas flow to Europe

Ukraine redirecting Russia gas to Europe Ukraine counter-offensive could shift war’s momentum Ukrainian forces seeking to cut off Russian supply lines Kremlin says up to Kherson residents to decide if they want to join Russia Mariupol steelworks under bombardment again KYIV / VILHIVKA, Ukraine, May 11 (Reuters) – Ukrainian forces reported battlefield gains on Wednesday … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry of Economic Affairs show the heightened state of alert about … Read more

EXCLUSIVE Biden sidelined global energy partners with record emergency oil release

LONDON, May 9 (Reuters) – The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of their own, according to two sources familiar with the matter. Unilateral action by Washington to address global supply or price … Read more

Russia unleashes rockets after Mariupol ceasefire, EU eyes oil sanctions

Russian rockets pound parts of eastern and southern Ukraine Western powers pledge heavier weapons to boost Ukraine defenses ‘This is Ukraine’s finest hour,’ UK’s Johnson says, echoing Churchill ZAPORIZHZHIA, Ukraine, May 3 (Reuters) – Russia launched an assault on the encircled Azovstal steel works in Mariupol, Ukraine’s last redoubt in the port city, after a … Read more

Russia steps up assault on eastern Ukraine, Putin threatens countries that intervene

“Our retaliatory strikes will be lightning fast,” Putin said Russia assaults east Demonstrations against Russian occupation in south Putin wants occupation as ‘cancerous growth’ in Ukraine, UK says KYIV, April 28 (Reuters) – Russia stepped up its assaults on eastern and southern Ukraine, Kyiv said on Thursday, and President Vladimir Putin threatened “lightning-fast” retaliation against … Read more

Wall Street tumbles, as European shares again retreat

Nasdaq closes at lowest since late 2020 World, European shares give back earlier gains China stocks fall further as Beijing races to battle COVID Dollar hits fresh 2-year peak on China COVID fears, Fed bets Graphic: Global asset performance WASHINGTON / MILAN, April 26 (Reuters) – US shares tumbled on Tuesday, with the Nasdaq posting … Read more