By Markus Wacket and Kate Abnett BERLIN (Reuters) -Ministers from the Group of Seven countries on Friday called on OPEC to act responsibly to ease a global energy crunch brought on by the Russian invasion of Ukraine, even as they announced a breakthrou…
U.S. issues sanctions targeting North Korean weapons of mass destruction program
By Daphne Psaledakis and David Brunnstrom WASHINGTON (Reuters) -The United States on Friday imposed sanctions on two Russian banks, a North Korean company and a person it accused of supporting North Korea’s weapons of mass destruction program, increasi…
UK ministerial code updated to set out possible sanctions for breaches
LONDON (Reuters) -British ministers who breach the government’s code of conduct will not be expected to resign, an official document published on Friday said with an updated version of the rule book setting out a range of alternative sanctions. Behavio…
Sterling heads for second weekly gain, aided by UK support package
LONDON (Reuters) -Britain’s pound headed for a second weekly rise and was close to a one-month high on Friday, helped by a large government spending package to support households that economists said should support the economy in the short term. The go…
Oil settles up ahead of U.S. driving season, EU embargo decision
By Marcy de Luna HOUSTON (Reuters) -Oil prices rose on Friday, closing out the week with gains ahead of the U.S. Memorial Day holiday weekend, the start of peak U.S. demand season, and as European nations negotiate over whether to impose an outright ba…
Exclusive-How a Russian billionaire shielded assets from European sanctions
By David Gauthier-Villars and Gabriela Baczynska ISTANBUL/BRUSSELS (Reuters) – Russian businessman Andrey Melnichenko ceded ownership of two of the world’s largest coal and fertilizers companies to his wife the day before he was sanctioned by the Europ…
Former exec sues CIBC for $1 million over sexual, racial discrimination
By Iain Withers LONDON (Reuters) – The London office of one of Canada’s top banks Canadian Imperial Bank of Commerce (CIBC) has been accused of operating a hostile and degrading environment for women, according to a discrimination claim by a former exe…
Russia curbs bank movements for Italian clients of Intesa, UniCredit units
MILAN (Reuters) -Russia has placed temporary restrictions on the current accounts of Italian individuals and companies that bank with the local units of Intesa Sanpaolo and UniCredit, two people familiar with the matter said. Confirming press reports, …
Turkey’s talks with Sweden, Finland made little progress on NATO concerns -sources
By Orhan Coskun and Jonathan Spicer ANKARA (Reuters) – Talks between Turkish officials and delegations from Sweden and Finland this week in Turkey made little headway overcoming Ankara’s objections to the Nordic countries joining NATO, and it is not ye…
Norway oil and gas firms raise 2022 investment forecasts
OSLO (Reuters) – Norway’s oil and gas companies have raised their investment forecasts for 2022 as they take advantage of high petroleum prices and tax incentives to boost activity, a national statistics office (SSB) survey showed on Friday. The bigges…