LONDON (Reuters) -Russian President Vladimir Putin and Italy’s Prime Minister Mario Draghi on Thursday discussed ways to help ease the international food crisis, with the Kremlin saying this could be done only if the West lifts sanctions. “Vladimir Put…
Oil rises to 2-month high on tight supplies, EU seeks Russian crude ban
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a two-month high on Thursday on signs of tight supply ahead of U.S. summer driving season, as the European Union (EU) wrangled with Hungary over plans to ban crude imports from Russia…
Italy aims to unblock grain exports at Black Sea ports
ROME (Reuters) – Italy aims to free grain exports blocked in Black Sea ports, Prime Minister Mario Draghi told reporters on Thursday following a phone call he held with Russian President Vladimir Putin. “The first initiative one could begin to explore …
UK tax plan incentivizes oil, gas producers to pump more fossil fuels
By Shadia Nasralla LONDON (Reuters) – The British government’s 5 billion pound ($6.29 billion) windfall tax plan for oil and gas producers includes an incentive for those producers to pump more fossil fuels, riling climate activists who had called for …
EasyJet says 200 flights cancelled due to IT issues
LONDON (Reuters) -Low-cost carrier easyJet said an IT problem that caused it to cancel around 200 flights on Thursday had been resolved, but its programme could be disrupted for the rest of the day. “EasyJet can confirm that the earlier IT systems issu…
Putin says ‘Thank God’ some foreign companies have left Russia
By Guy Faulconbridge LONDON (Reuters) -President Vladimir Putin said on Thursday that he was glad some foreign companies had left Russia because home-grown businesses could take their place, and he warned the West that Moscow would still find ways to a…
Cancer treatments may benefit from lessons of pandemic set-backs -AstraZeneca executive
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Although cancer screening and diagnosis was hit by the coronavirus pandemic, resulting advances in medical technology and greater diversity in clinical trials could help treat…
Advancing Russian forces reach key highway from Donbas cities
By Pavel Polityuk and Conor Humphries KYIV/SVITLODARSK, Ukraine (Reuters) -Advancing Russian forces came closer to surrounding Ukrainian troops in the east, briefly seizing positions on the last highway out of a crucial pair of Ukrainian-held cities be…
Globalization’s cheerleaders grasp for new buzzwords at Davos
By Dan Burns and Leela de Kretser DAVOS, Switzerland (Reuters) – World leaders, financiers and chief executives said they were leaving this week’s World Economic Forum with an urgent sense of the need to reboot and redefine ‘globalization’. The framewo…
Quarterly profit at Greece’s Public Power Corp plunges on higher energy, CO2 costs
ATHENS (Reuters) – Greece’s biggest power utility Public Power Corp. (PPC) reported on Thursday a 24.6% drop in core profit for the first quarter due to higher spending for gas purchases and to offset carbon emissions. PPC said earnings before interest…