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July 1, 2022

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We’ll be with you on ‘long road’ to membership, EU tells Ukraine

Reuters
BRUSSELS/KYIV, July 1 (Reuters) – Ukraine now has a “very clear European perspective” but the road to EU membership will take time and require hard work, the president of the EU executive told the country’s parliament on Friday. EU leaders last week granted Ukraine candidate status to join the bloc,......

Downturn fears support dollar, Aussie slumps to two-year low

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters) – Gathering gloom about prospects for the global economy lifted the safe-haven dollar on Friday and pressured risk-sensitive currencies, with the Australian......

Sri Lanka makes progress towards IMF support – IMF

Reuters
COLOMBO, June 30 (Reuters) – The International Monetary Fund said its talks with crisis-hit Sri Lanka had been “constructive” on Thursday, raising hopes it would soon grant preliminary approval for a desperately needed financial support package. Sri Lanka has had to shut schools and stop providing fuel to all but......

Supreme Court ruling casts cloud over U.S. leadership in global climate fight

Reuters
UNITED NATIONS, June 30 (Reuters) – A Supreme Court ruling on Thursday limiting Washington’s authority to reduce carbon output from power plants will hurt global efforts to fight climate change by slowing America’s emissions cuts and undermining U.S. leadership efforts on the international stage, according to diplomats. The conservative court’s......

Stocks sink on fears for global economy, capping worst H1 on record

Reuters
Share indexes down 1% to 3%, U.S. futures weak Cenbank chiefs reiterate inflation warning this week Sweden’s Riksbank latest to hike rates All eyes on U.S. core prices data due later Graphic: Global asset performance LONDON, June 30 (Reuters) – Stocks sank on Thursday to extend what is the worst......

Russia abandons Snake Island in strategic victory for Ukraine

Reuters
KYIV, June 30 (Reuters) – Russian forces announced on Thursday they had abandoned the strategic Black Sea outpost of Snake Island, in a major victory for Ukraine that could loosen the grip of Russia’s grain export blockade. Russia’s defence ministry described the decision to withdraw from the outcrop as a......

Mali vows to defy U.N. call to allow peacekeepers to investigate abuses

Reuters
A MINUSMA logistic convoy is pictured in Kidal, Mali February 16, 2017. MINUSMA/Sylvain Liechti handout via REUTERS Register now for FREE unlimited access to Reuters.com Register UNITED NATIONS, June 29 (Reuters) – Mali vowed on Wednesday to defy a United Nations Security Council call for the West African country to......

Exclusive: EU nears compromise deal to defuse standoff with Russia over Kaliningrad

Reuters
Kaliningrad depends on rail and road through Lithuania Clampdown on sanctioned freight angers Moscow EU seeks compromise with Lithuania to resume normal trade VILNIUS/BRUSSELS, June 29 (Reuters) – Trade through Lithuania to the Russian exclave of Kaliningrad could return to normal within days, two sources familiar with the matter said,......

Column: Oil market confronts U.S. and EU policymakers with unpalatable choices: Kemp

Reuters
LONDON, June 29 (Reuters) – With global inventories steadily falling and spare capacity eroding, the oil market resembles a geological fault line in which stress is quietly accumulating and will eventually be relieved by an earthquake of as yet unknown magnitude. The most likely stress relief will come from a......

Putin still wants most of Ukraine, war outlook grim -U.S. intelligence chief

Reuters
Russian President Vladimir Putin attends Caspian Summit in Ashgabat, Turkmenistan June 29, 2022. Sputnik/Grigory Sysoyev/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 29 (Reuters) – Russian President Vladimir Putin still wants to seize most of Ukraine, but his forces are so degraded by combat......

Biden administration throws support behind potential F-16 sale to Turkey

Reuters
A U.S. Air Force F-16 fighter taking part in the U.S.-led Saber Strike exercise flies over Estonia June 6, 2018. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register MADRID, June 29 (Reuters) – The Biden administration threw its support on Wednesday behind the potential sale of U.S.......

OPEC+ meets with little prospect of pumping more oil

Reuters
A person operates a tap of crude oil during the destruction of Bakana ii illegal camp, in Okrika, Rivers state, Nigeria January 28, 2022. REUTERS/Afolabi Sotunde/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 29 (Reuters) – OPEC and OPEC+ began two days of meetings on......

Euro below $1.06 as Lagarde keeps July policy options open

Reuters
A shopper pays with a ten Euro bank note at a local market in Nice, France, June 7, 2022. REUTERS/Eric Gaillard Register now for FREE unlimited access to Reuters.com Register LONDON, June 28 (Reuters) – The Aussie and the Canadian dollar climbed on Tuesday on firmer oil prices while the......

G7 agrees to explore cap on Russian oil price – communique

Reuters
G7 invites other nations to explore cap on Russian oil price G7 will commit up to $5 bln to fight hunger – U.S. official Agree to push for Russian gold ban – EU official G7 leaders commit to climate club, make carbon-cutting pledges SCHLOSS ELMAU, Germany, June 28 (Reuters) –......

Bank of Italy plays down talk of early Visco exit

Reuters
Ignazio Visco, governor of Bank of Italy, speaks during an event to launch the private finance agenda for the 2020 United Nations Climate Change Conference (COP26) at Guildhall in London, Britain, February 27, 2020. Tolga Akmen/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register ROME, June 28......

Stocks, oil edge up as China relaxes quarantine rules

Reuters
LONDON, June 28 (Reuters) – Global shares moved into positive territory on Tuesday while oil prices firmed following China’s decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities. China slashed the quarantine time for inbound travellers by......

Macron tells Biden that UAE, Saudi can barely raise oil output

Reuters
GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he had been told by the UAE’s president. Saudi Arabia and the UAE have been perceived as the only two......

Dollar retreats as markets rethink Fed rate bets, eye ECB hikes

Reuters
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register U.S. rate hike bets pare back aggressive Fed tightening path Investors watching ECB annual forum in Sintra Markets on lookout for euro zone price data later in......

G7 to stand with Ukraine ‘for as long as it takes’

Reuters
G7 to work with other countries, private sector on oil price cap Emerging countries decline to criticise Russia over Ukraine Japan tries to cut zero-emission vehicles goal from G7 statement SCHLOSS ELMAU, Germany, June 27 (Reuters) – The Group of Seven club of wealthy nations on Monday vowed to stand......

Young activists dismiss ‘vague’ G7 climate pledges at summit

Reuters
A general view of G7 leaders meeting with outreach guests for the working session of the G7 leaders’ summit at the Bavarian resort of Schloss Elmau, near Garmisch-Partenkirchen, Germany, June 27, 2022. REUTERS/Lukas Barth/Pool Register now for FREE unlimited access to Reuters.com Register GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Climate......

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