BRUSSELS (Reuters) – Russian lobbyists are barred from the European Parliament, the head of the chamber said on Thursday, adding that Europe had to protect themselves from the Kremlin’s influence and propaganda over the war in Ukraine. Russia invaded U…
Swiss agency warns of much higher power prices
ZURICH (Reuters) – A Swiss government agency warned households and businesses to brace for much higher prices next year and said on Thursday it could not rule out supply bottlenecks this winter. The Federal Electricity Commission (ElCom), which oversee…
Countryside’s top shareholder urges company to find buyer after Inclusive bid
By Tommy Wilkes and Simon Jessop LONDON (Reuters) – The biggest shareholder in British housebuilder Countryside Partnerships has urged the board to find a buyer for the group, and to include Inclusive Capital, which has made two bids for the company, i…
OPEC+ working on making up for lower Russian oil output
LONDON (Reuters) -OPEC+ is working on making up for a drop in Russian oil output, two OPEC+ sources said on Thursday, as Russia’s production has fallen by around 1 million barrels per day as a result of Western sanctions on Moscow over Ukraine. One OPE…
RWE to buy gas-fired power plant from Vattenfall in $534 million deal
FRANKFURT (Reuters) – RWE on Thursday said it has agreed to buy a 1.4 gigawatt gas-fired power plant from Vattenfall in a deal valuing the asset at 500 million euros ($534 million). The planned acquisition of Vattenfall’s Magnum plant, located in the N…
French strategic oil reserves not “totally full” – minister
PARIS (Reuters) – France’s strategic oil reserves are not “totally full”, France’s energy minister said on Thursday when asked about the fallout from new European Union sanctions against Russia which include a progressive phase-out of oil exports. The …
Glencore to reject offer for Yancoal Australia stake as too low – sources
By Praveen Menon and Clara Denina SYDNEY/LONDON (Reuters) – Glencore is likely to reject a $3.60 a share offer by coal producer Yancoal Australia Ltd’s Chinese parent to buy its minority stake in the miner as too low, two sources with knowledge of the …
Britain says Russia has taken control over most of Ukraine’s Sievierodonetsk
(Reuters) – Russia has taken control of most of Ukraine’s industrial city of Sievierodonetsk, Britain’s defence ministry said on Thursday. Britain said Ukraine likely remained in control of the river line in crossing sites between Sievierodonetsk and t…
Saint-Gobain says it confirms profit growth target, positive dynamic on higher prices
PARIS (Reuters) – French construction material group Saint-Gobain, which came under pressure from investors to increase its profitability, on Thursday said the trends it saw since the start of 2022 confirmed its outlook of a good business dynamic. The …
Ukraine’s Zelenskiy eyes ‘inflection point’ as Russia tightens grip on key target
By Pavel Polityuk and Max Hunder KYIV (Reuters) – Russia tightened its grip on a key target in a battle for control of Ukraine’s eastern Donbas region while President Volodymir Zelenskiy pleaded for more Western arms to help Ukraine reach a battlefield…