By Daphne Psaledakis and Karin Strohecker WASHINGTON/LONDON (Reuters) -The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up pressure followin…
Britain calls on Russia to let Ukraine export its grain
MADRID (Reuters) -Britain’s Defence Secretary Ben Wallace on Wednesday called on Russia to let Ukraine export its grain to help countries where grain scarcity could trigger hunger. Russia must “do the right thing”, Wallace told reporters in Madrid wher…
Germany says its policy on China is under development
BERLIN (Reuters) -Germany is concerned about the human rights situation in China’s Xinjiang region, a government spokesperson said on Wednesday, urging China to be transparent about developments in the province. Western states and rights groups accuse …
Israeli forces kill Palestinian teen in West Bank clashes, Palestinian health ministry says
RAMALLAH, West Bank (Reuters) – A 16-year-old Palestinian shot in the head by Israeli forces died early on Wednesday after clashes in the occupied West Bank city of Nablus, the Palestinian health ministry said. The ministry identified the teen as Gaith…
IMF’s Gopinath does not see a global sovereign debt crisis yet
DAVOS, Switzerland (Reuters) – While government debt levels are climbing around the world, with debt burdens in emerging markets rising rapidly, so far there is not evidence of a systemic debt crisis, but there are risks ahead, International Monetary F…
Equinor exits Russia joint ventures, transfers assets to Rosneft
OSLO (Reuters) -Norway’s Equinor said on Wednesday it has exited its Russian oil and gas joint ventures due to the war in Ukraine, transferring assets to state-owned Rosneft, its long-term partner. The company first presented plans to leave Russia on F…
Tenaz Energy in all-share deal for oil producer SDX
LONDON (Reuters) – London-listed oil producer SDX has agreed to an all-share takeover by Canada’s Tenaz Energy, the companies said on Wednesday. Egypt-focused SDX’s shareholders would receive 0.075 Tenaz shares for each SDX share, leaving them with abo…
UK power generator SSE posts 23% jump in annual profit
(Reuters) – British power company SSE Plc reported a 23% jump in annual profit on Wednesday and said it was investing significantly more than it was making in profit to help reduce dependency on imported gas. The group’s adjusted pretax profit came in …
Equinor, partners to develop $940 million Norway gas and condensate project
By Nerijus Adomaitis OSLO (Reuters) -Equinor and partners on Wednesday submitted a plan to develop a cluster of gas and condensate discoveries in the Norwegian Sea for 9 billion crowns ($940 million), part of a rush of new petroleum projects expected i…
Texas gunman wrote online post about attacking school minutes before massacre
By Brad Brooks UVALDE, Texas (Reuters) -The Texas gunman who murdered 19 children and two teachers posted on Facebook that he was going to shoot up an elementary school about 15 minutes before his rampage, Governor Greg Abbott said on Wednesday, as har…