By Renju Jose SYDNEY (Reuters) -Australia’s Labor Party leader, Anthony Albanese, was sworn in as the country’s 31st prime minister on Monday, promising to bring the country together after a fractious election campaign as he vowed to tackle climate cha…
Oil steadies as recession worry offsets higher demand outlook
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were little changed on Monday, as worries over a possible recession offset an outlook for higher fuel demand with the upcoming U.S. summer driving season and Shanghai’s plans to reopen after a two-mont…
Stocks rally as euro gains on likely rate hikes
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) -U.S. and European stocks rallied on Monday, with the S&P 500 staying clear of a bear market, while the euro leapt after the European Central Bank said it was likely to lift its deposit rate out …
Drugmakers propose swift pandemic response benefiting poorer countries
FRANKFURT (Reuters) – Global drugmakers are lobbying for wealthy nations to fund a supply mechanism that would secure vaccines for low-income countries without delay in case of a new pandemic, but said the proposal was contingent on free cross-border t…
UK’s Johnson discussed Russia’s blockade of Odesa with Ukraine’s Zelenskiy
(Reuters) – UK Prime Minister Boris Johnson on Sunday discussed with Ukrainian President Volodymyr Zelenskiy Russia’s blockade of Ukraine’s shipping port Odesa, a Downing Street spokesperson said. Johnson resolved to redouble efforts to provide vital f…
Soccer-Guardiola becomes England’s most successful foreign manager
MANCHESTER, England (Reuters) – Spaniard Pep Guardiola became the most successful foreign manager in English football, in terms of league titles won, when he clinched his fourth Premier League crown on Sunday. With his latest success, the Manchester Ci…
Denmark’s Topsoe plans Europe’s largest electrolyser plant
COPENHAGEN (Reuters) – Danish engineering group Topsoe plans to build Europe’s biggest plant making electrolysers – machines that produce the green hydrogen considered a cornerstone of the shift to cleaner energy. Hydrogen is categorised as green when …
Biden in Japan to launch regional economic plan to counter Beijing
By Trevor Hunnicutt and Yoshifumi Takemoto TOKYO (Reuters) -President Joe Biden arrived in Japan on Sunday to launch a plan for greater U.S. economic engagement with the Indo-Pacific, facing criticism even before the programme is announced that it will…
Ukraine comes to Davos in first spring gathering of business leaders
By Sabine Siebold DAVOS, Switzerland (Reuters) – Russia would normally have its own “house” at the World Economic Forum as a showcase for business leaders and investors. This year the space on the dressed-up main street in Davos has been transformed by…
Australia’s Labor to retake power after 9 years, independents may hold sway
By Renju Jose SYDNEY (Reuters) -Australia’s Labor Party will form the country’s next government on Monday, as unprecedented support for the Greens and climate-focussed independents ended nearly a decade of rule by the conservative coalition. Centre-lef…