BRUSSELS (Reuters) -The European Commission is considering offering landlocked eastern European Union states more money to upgrade oil infrastructure in a bid to convince them to agree to an embargo on Russian oil, an EU source told Reuters on Monday. …
EU plans one-year renewable energy permits for faster green shift
By Kate Abnett BRUSSELS (Reuters) – The European Union executive wants to speed up the bloc’s green transition and cut its reliance on Russian fuels by allowing some renewable energy projects to receive permits within a year, a draft document shows. Br…
Morrisons clinches deal for UK retailer McColl’s – Sky News
(Reuters) – British supermarket group Morrisons has won a battle with the owners of rival Asda to buy convenience store chain McColl’s out of administration, Sky News reported on Monday. McColls, which runs 1,100 stores and employs 16,000, collapsed in…
UK sets out options for fixing its lagging business investment
LONDON (Reuters) – Britain’s finance ministry set out options on Monday for how the tax system could be reformed to encourage companies to invest more, something finance minister Rishi Sunak has said he wants to do to fix the country’s weak productivit…
Angola’s Endiama says sanctions against Russia could hurt its diamond operations
CAPE TOWN (Reuters) – Angola’s state-run diamond miner Endiama could face a hit to its operations as Western sanctions on Russia could delay supplies of parts and machinery, according to a government brochure released on Monday. Western nations have un…
Stocks and oil dive as investors hunt safe havens
By SinĂ©ad Carew NEW YORK (Reuters) – Stock indexes around the world fell sharply, oil prices sank about 6% and the dollar finished just off a 20-year high as investors fled risk and sought safe havens due to worries about inflation and slower global ec…
German finance minister says risk of wage price spiral is real
BERLIN (Reuters) – Germany’s finance minister warned on Monday that rising wages could further fan inflation, adding that parties involved in collective bargaining had a responsibility to help prevent that from happening. “The risk of a wage price spir…
Early voting begins in Australia election with opposition ahead in polls
By Renju Jose SYDNEY (Reuters) – Early voting began in Australia on Monday two weeks ahead of election day, with surveys showing the opposition centre-left Labor Party extending its lead and Prime Minister Scott Morrison suffering a fall in his approva…
Putin announces no new escalation on long awaited Victory Day
By Pavel Polityuk KYIV, Ukraine (Reuters) – Vladimir Putin exhorted Russians to battle in a defiant Victory Day speech on Monday, but was silent about plans for any escalation in Ukraine, despite Western warnings he might use the event in Red Square to…
Dollar climbs as nerves jolt stockmarkets
SINGAPORE (Reuters) – The dollar began the week on a strong footing, buttressed by sharply rising U.S. yields and by investors’ tilt toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt…