Germany and Italy approved Russian gas payments after nod from Brussels – sources

A model of the natural gas pipeline is seen in front of displayed word EU and Russia flag colors in this illustration taken March 8, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com register Some EU states refuse to comply with Russian payment demands Others approve Russian payments after talks with EU … Read more

EU says legal Russian gas payments possible, warns against stolen accounts

A pressure gauge is pictured at a Ukrainian gas compressor station in the village of Boyarka near the capital Kiev January 20, 2009. REUTERS/Konstantin Chernichkin Register now for FREE unlimited access to Reuters.com register BRUSSELS, May 17 (Reuters) – The European Commission said on Tuesday opening accounts in rubles at a Russian bank to pay … Read more

EU ministers urge Hungary to sign up to planned Russian oil embargo

Lithuanian Foreign Minister Gabrielius Landsbergis listens during a news conference in Vilnius, Lithuania March 18, 2022. REUTERS/Janis Laizans/File Photo Register now for FREE unlimited access to Reuters.com register Hungary singled out as obstacle to deal Budapest says no acceptable proposal yet from Brussels May 30-31 summit could be last-ditch attempt Oil embargo could last for … Read more

Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to Reuters.com register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for … Read more

UAE strongman Sheikh Mohammed bin Zayed named new president

MbZ becomes president at a time of tension with US He led a Middle East realignment, forging ties with Israel UAE has also deepened ties with Russia and China Economic development a priority driving foreign policy DUBAI, May 14 (Reuters) – The United Arab Emirates’ de facto leader Sheikh Mohammed bin Zayed al-Nahyan was elected … Read more

UAE’s newly elected ruler sees Iran, Islamists as threat to Gulf safe haven

De facto ruler elected president after brother’s death MbZ forged new axis with Israel against Iran, Islamists Perhaps the Gulf’s ‘savviest’ ruler, Obama wrote DUBAI, May 14 (Reuters) – United Arab Emirates strongman Sheikh Mohammed bin Zayed al-Nahyan, who was formally elected president on Saturday, led a realignment of the Middle East that created a … Read more

G7 backs more aid, weapons to Ukraine in show of unity against Russia

Ukraine, Moldova attend G7 foreign ministers annual meeting EU’s Borrell announces further 500 mln euros in military support Concerns war could spread to Moldova WEISSENHAUS, Germany, May 13 (Reuters) – Foreign ministers from the G7 group of rich nations backed giving more aid and weapons to Ukraine as they met on Friday in what Germany … Read more

Texas grid operator calls for power conservation as temperatures, prices soar

An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, US February 20, 2021. REUTERS/Go Nakamura/File Photo/File Photo Register now for FREE unlimited access to Reuters.com register HOUSTON, May 13 (Reuters) – The state of Texas’ power-grid operator on Friday called on residents to cut their electricity use this weekend after … Read more

Europe’s gas supply crisis grows after Russia imposes sanctions

Russia imposes sanctions on European Gazprom subsidiaries Polish firm operating Yamal-Europe section also hit Germany to lose 10 mcm/day of gas supply Dutch gas prices close 12% higher BERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a … Read more

Ghana will solve debt crisis without IMF help, finance minister says

ACCRA, May 12 (Reuters) – Ghana is committed to managing its debt without assistance from the International Monetary Fund (IMF), Finance Minister Ken Ofori-Atta said, expressing his confidence that government measures were moving the country in the right direction. Ghana’s total public debt, which stood at about 77% of its gross domestic product at the … Read more