Davos 2023: Europe must seize catch-up chance – EU’s Gentiloni

Reuters | January 18, 2023

DAVOS, Switzerland (Reuters) – An improved economic outlook gives Europe the chance to double-down on efforts to boost its industrial competitiveness in key sectors from clean energy to semiconductors, EU Economy Commissioner Paolo Gentiloni said on Wednesday. Speaking on the sidelines of the World Economic Forum in Davos, Gentiloni said the bloc could avoid an […]

Germany’s energy crisis powers hydrogen switch

Reuters | December 29, 2022

By Louisa Off and Riham Alkousaa KELHEIM, Germany (Reuters) – From the moment Russian gas exports to Germany were first disrupted in June, German firm Kelheim Fibers began casting around for alternative options to keep its engines running. As a result, the Bavarian-based firm, whose fibres are used in anything from teabags to tampons, will […]

Russian mobile calls, internet seen deteriorating after Nokia, Ericsson leave

Reuters | December 21, 2022

By Supantha Mukherjee and Alexander Marrow STOCKHOLM/MOSCOW (Reuters) -When telecoms gear makers Nokia and Ericsson leave Russia at the end of the year, their departure could steadily cripple the country’s mobile networks over the long-term, setting off a deterioration in communication for everyday Russians. Five senior telecoms executives and other industry sources said Russian mobile […]

Putin says Russia will fight sanctions with shift in trade and energy flows

Reuters | December 15, 2022

(Reuters) -President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners, including by sharply increasing gas exports to China, to combat Western sanctions. When spending on the war in Ukraine is squeezing funds for health and education, Putin promised Russians in a major televised speech on the economy that pensions […]

The year Russia turbocharged a global energy crisis

Reuters | December 15, 2022

By David Gaffen (Reuters) – For the energy industry, 2022 will be remembered as the year Russia’s invasion of Ukraine accelerated a global energy crisis. The invasion, and subsequent Western sanctions, heaped new pressures on oil and gas supplies already strained from the rapid economic rebound from the pandemic. The world’s top energy companies beat […]

‘The worst is yet to come’: the curse of high inflation

Reuters | December 8, 2022

By Mark John (Reuters) – Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials like food, heating, transport and accommodation. And though a peak could be in sight, the effects may yet get worse. How did we get here? In two words: pandemic and war. A long and […]

Chevron can resume key role in Venezuela’s oil output, exports

Reuters | November 26, 2022

By Daphne Psaledakis and Marianna Parraga WASHINGTON/HOUSTON (Reuters) -Chevron Corp on Saturday received a U.S. license allowing the second-largest U.S. oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big U.S. oil company still operating in […]

Exclusive-U.S. says Russia oil price cap will not be aimed at OPEC

Reuters | October 19, 2022

By Noah Browning and Dmitry Zhdannikov LONDON (Reuters) -New steps from Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output have irked consumer countries, a United States Treasury official told Reuters.     Washington has communicated to representatives of […]

Rouble hits multi-month low past 64 vs dollar on Ukraine escalation fears

Reuters | October 11, 2022

MOSCOW (Reuters) – The Russian rouble slumped to a more than three-month low past 64 to the dollar on Tuesday, hurt by escalating geopolitical risks linked to the conflict in Ukraine and reduced supply of foreign currency among exporters. By 1409 GMT the rouble was down 2.1% against the dollar at 64.03, its weakest since […]

Senator Warren, other lawmakers ask FTC to block Amazon’s iRobot deal -Axios

Reuters | September 29, 2022

(Reuters) – A group of lawmakers led by Democratic U.S. Senator Elizabeth Warren is asking the Federal Trade Commission (FTC) to reject Amazon.com Inc’s $1.7 billion deal to buy Roomba vacuum maker iRobot Corp, Axios reported on Thursday, citing a letter. The FTC last week had asked Amazon and iRobot for more information on the […]

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