By Scott DiSavino NEW YORK (Reuters) -Oil prices edged up on Thursday on supply worries after the European Union (EU) laid out plans for new sanctions against Russia including an embargo on crude. Pressure from a stronger dollar and a drop in global st…
SocGen outlines rising costs of Ukraine war with higher bad loans provisions
PARIS (Reuters) – French lender Societe Generale said on Thursday it would have additional costs as a result of the war in Ukraine because more customers would be unable to repay their loans. France’s third-biggest listed bank said it is setting aside …
N.Korea slams South’s new leader as ‘pro-U.S., confrontational’
By Hyonhee Shin SEOUL (Reuters) – A major North Korean propaganda website denounced on Thursday South Korea’s incoming president Yoon Suk-yeol, who has vowed to take a tougher line on weapons tests by Pyongyang, describing him as “pro-United States”, a…
Stocks tumble on inflation fears, Treasury yields jump
By Herbert Lash NEW YORK (Reuters) – U.S. Treasury yields jumped and global equity markets tanked on Thursday, erasing the prior day’s rally on Wall Street, as investors worried aggressive central bank policies around the world to tamp down inflation w…
Twitter courts advertisers amid uncertain future under Musk
By Sheila Dang (Reuters) -Twitter Inc faced a skeptical audience as it showcased its advertising opportunities on Wednesday at an event in New York City, three ad agency executives told Reuters, as the social media company’s plans under billionaire Elo…
Norway oil firms and workers seek mediation to avert strike
OSLO (Reuters) – Wage talks between Norwegian oil firms and the industry’s biggest labour union broke down on Wednesday and will switch to state-led mediation in a bid to prevent strike action by workers, the Industri Energi union said. If Norway’s gov…
UK’s Johnson to meet Japan’s Kishida to bolster defence, trade ties
LONDON (Reuters) – Prime Minister Boris Johnson meets Japanese Prime Minister Fumio Kishida on Thursday to bolster defence and trade cooperation, part of Britain’s post-Brexit policy to deepen ties with nations in the Indo-Pacific region. With talks ex…
Comedian Dave Chappelle attacked on stage at Hollywood Bowl
(Reuters) – American comedian Dave Chappelle was attacked on stage on Tuesday night at the Hollywood Bowl in Los Angeles by an assailant who tackled him to the ground before being apprehended and arrested, video footage verified by Reuters showed. A Lo…
Explainer-Why the EU may find it tough to squeeze out Russian oil
By Rowena Edwards and Bozorgmehr Sharafedin LONDON (Reuters) – The European Union has proposed a phased embargo of Russian oil but may find it tricky to implement, given Europe’s complex distribution network and challenges in tracking crude once it is …
Fed raises rates by half point, starts balance sheet reduction June 1
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank’s chief made a direct appeal to A…