Provoking EU, UK sets out new law to fix post-Brexit Northern Ireland trade

New law effectively overrides parts of EU deal Envisages green channels, tax and governance changes EU says will act if UK moves ahead with bill LONDON, May 17 (Reuters) – Britain set out steps on Tuesday to try to break the deadlock with the European Union on trade with Northern Ireland, lining up a new … Read more

Iraq balks at greater Chinese control of its oilfields

Iraq persuaded Lukoil to halt sale to Sinopec – sources Baghdad concerned China becoming too dominant – sources Western firms not happy with terms of Iraqi deals LONDON / BASRA, May 17 (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have given Chinese firms more control over its oilfields and … 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

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

BoE flags risk of recession and 10% inflation as it raises rates again

A man wearing a protective face mask walks past the Bank of England (BoE), after the BoE became the first major world central bank to raise rates since the coronavirus disease (COVID-19) pandemic, in London, Britain, December 16, 2021 REUTERS / Toby Melville Register now for FREE unlimited access to Reuters.com Register Central bank sees … Read more

Tata, India’s electric vehicle king, takes a frugal road less traveled

PUNE, India, May 2 (Reuters) – To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand. The area, … Read more

Shanghai marks key COVID milestone, Beijing sits on edge

Shanghai records no COVID cases outside quarantine areas Beijing on tenterhooks, bracing for more restrictions Breakthrough would mark victory for Xi in crucial year Infections ease as China starts Labor Day holiday SHANGHAI / BEIJING, April 30 (Reuters) – Shanghai said on Saturday it had detected no new daily COVID-19 cases outside quarantine areas, marking … Read more

China signals easing of tech squeeze in bid to lift economy

People wearing face masks walk past a street amid snowfall, following the coronavirus disease (COVID-19) outbreak, at a shopping area in Beijing, China March 17, 2022. REUTERS / Tingshu Wang Register now for FREE unlimited access to Reuters.com Register BEIJING / HONG KONG, April 29 (Reuters) – China signaled an easing of its crackdown on … Read more