By Sergio Goncalves and Isla Binnie LISBON (Reuters) – The European Commission has agreed to allow Spain and Portugal to place a temporary cap on reference prices for natural gas and coal used by power plants of 40 euros per megawatt-hour, their minist…
Gazprom informed Poland PGNiG it will halt gas supplies on Wed -PGNiG statement
WARSAW (Reuters) – Gazprom informed Poland’s PGNiG it will halt gas supplies along the Yamal pipeline at 0800 CET on Wednesday, PGNiG said in a statement published on Tuesday. PGNiG added it will take steps to reinstate the flow of gas according to the…
Ukraine and Russia: What you need to know right now
(Reuters) – The United States and its allies pledged new packages of ever heavier weapons for Ukraine during a meeting on Tuesday at a German air base, brushing off a threat from Moscow that their support for Kyiv could lead to nuclear war. SPILLOVER I…
Ethiopian soldiers seek asylum in Sudan, fear returning home due to Tigrayan ethnicity
By Nafisa Eltahir KHARTOUM (Reuters) – Up to 550 Ethiopian peacekeepers working in Sudan have sought asylum rather than return home for fear they will be persecuted due to their Tigrayan ethnicity, an official with direct knowledge of the plan said on …
A top French court overturns government-ordered mosque closure, a first
By Juliette Jabkhiro PARIS (Reuters) – France’s highest administrative court dismissed on Tuesday an appeal from the Interior Ministry that aimed to close a mosque in the southwestern town of Pessac for six months. The local interior ministry’s office …
Commerzbank doubles first-quarter profit despite Ukraine conflict
FRANKFURT (Reuters) -Commerzbank’s first-quarter profit more than doubled even as it increased provisions and writedowns as a result of the Russia-Ukraine conflict, it said on Tuesday. The German lender stood by its profit outlook for the full year as …
Britain says EU will struggle to shift euro clearing from London
By Huw Jones LONDON (Reuters) – Britain’s financial services minister said on Tuesday that the European Union would find it hard to replace London for clearing trillions of euros in derivatives, and that the limited shift in activity so far was not gat…
As Musk plans how to change Twitter, EU reminds him: ‘We have rules’
By John Chalmers BRUSSELS (Reuters) -The European Union’s internal market chief said on Tuesday that Elon Musk could adapt Twitter as he wishes after he acquires the social media site but warned the billionaire that the bloc has strict rules for online…
Exclusive-EU to move away from emergency phase of COVID pandemic – document
By Francesco Guarascio BRUSSELS (Reuters) – The European Commission is set to say the EU has entered a new post-emergency phase of the pandemic in which testing should be targeted and monitoring of COVID-19 cases should be similar to sample-based flu s…
Musk’s Twitter deal could test Tesla executive bench
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Elon Musk’s move to buy Twitter for $44 billion has raised concerns about the depth of executive talent at his more valuable company, electric carmaker Tesla Inc, in case his attention is further divided by the s…