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

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

Russian diplomats spurned in Europe’s capitals

WARSAW / VILNIUS, May 11 (Reuters) – Russian diplomat Sergiy Andreev was feeling unwelcome on the streets of Warsaw even before protesters doused him with red liquid thrown in his face at short range this week. Soon after Russia’s invasion of Ukraine on Feb. 24, Andreev, who is Moscow’s ambassador in Poland, found the embassy … Read more

A rival sits out Lebanon’s election. Now Hezbollah could fill the void

Saad al-Hariri, former PM, withdraws from politics His move leaves Lebanon’s Sunni vote fragmented Many people expected not to vote amid economic meltdown That could play into Iran-backed Hezbollah’s hands TRIPOLI, Lebanon, May 9 (Reuters) – The stakes are high in Lebanon’s election. The heavily armed Hezbollah movement has seen one of its main rivals … 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

No respite for re-elected Macron as parliamentary elections loom

French president gets 58% in win over Le Pen final tally Far right takes biggest ever share of runoff vote Macron acknowledges many voted for him to keep Le Pen out Eyes turn to parliamentary election in June Radical opponents urge voters to ditch Macron then PARIS, April 25 (Reuters) – French President Emmanuel Macron … Read more

Stocks, oil tumble as recession worry offsets French vote relief

Stocks drop as global recession fears build Beijing seen at risk of lockdown Macron election win relief short-lived for euro Oil tumbles back toward $ 100 a barrel Twitter shares jump on Musk takeover talk LONDON, April 25 (Reuters) – Traders ditched riskier assets on Monday as relief over Emmanuel Macron’s victory in the French … Read more

Bird flu, war in Ukraine pushes up egg prices around the world

CHICAGO / PARIS, April 14 (Reuters) – Severe outbreaks of bird flu in the US and France are squeezing global egg supplies and raising food prices as the war in Ukraine disrupts shipments to Europe and the Middle East. Higher prices are especially painful for consumers who rely on eggs as a cheap source of … Read more

New lithium technology can help the world go green – if it works

April 7 (Reuters) – Rio Tinto, General Motors and even the US Department of Energy are investing heavily in harvesting new technology that could revolutionize the way lithium is produced for electric car batteries. Now this technology just needs to prove that it works on a commercial scale. If they do, miners will be able … Read more