6h ago| Global Economy

Russia starts delivering extra gas to Hungary

Hungary said Saturday that Russia has started delivering additional gas to the EU member following a July visit to Moscow by its foreign minister.

6h ago| Global Economy

More cash needed to save Britons

Britain’s energy crisis will push millions into destitution this winter unless the government hands out more cash to help struggling households pay fuel bills, Rishi Sunak, the trailing candidate in the contest to become Britain’s next leader, said.

6h ago| Global Economy

US employers struggle to find enough workers

Salespeople, food servers, postal workers -- “Help Wanted” ads are proliferating across the United States, as companies struggle to deal with a worker shortage caused by the pandemic, a rash of early retirements and restrictive immigration laws.

6h ago| Global Economy

US to pause oil, gas leasing in Colorado over climate

The Bureau of Land Management will pause oil and gas leasing on 2.2 million acres of Colorado public land after environmental groups alleged its current management plan failed to consider climate impacts, according to a settlement.

1d ago| Global Economy

Russia may buy yuan, rupee, lira for rainy day fund

Russia is considering buying the currencies of “friendly” countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.

1d ago| Global Economy

Oil price falls 2pc

Oil prices plunged around 2 per cent on Friday, on expectations that supply disruptions in the US Gulf of Mexico would be short-term, while recession fears clouded the demand outlook.

August 15, 2022
August 15, 2022

Germany seeks VAT exemption for gas levy

German finance minister Christian Lindner has written to the European Commission seeking permission to waive value-added tax on a new gas price levy for a limited period of time, a copy of his letter seen by Reuters showed on Sunday.

August 15, 2022
August 15, 2022

Argentina offers incentives for oil, gas industry

Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American nation, which is battling crippling inflation and a low level of foreign currency reserves.

August 15, 2022
August 15, 2022

Abu Dhabi stocks fall as oil drops

Abu Dhabi index closed lower on Friday, slipping off its record highs in line with oil prices as weak corporate earning sapped investors’ appetite, while the Dubai index bucked the trend.

August 15, 2022
August 15, 2022

Ukraine in default

Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings to selective default and restricted default as they consider the country’s debt restructuring as distressed.

August 15, 2022
August 15, 2022

Hong Kong’s GDP shrinks 1.3pc in Q2

Hong Kong’s economy contracted 1.3 per cent in the second quarter from the same period a year earlier, government data showed on Friday, following a weak performance in external trade during the period.

August 15, 2022
August 15, 2022

US move to negotiate drug prices a defeat for Big Pharma

Big Pharma spent more than any other industry to lobby Congress and federal agencies this year, a Reuters analysis shows, but still suffered a major defeat after failing to stop a bill that allows the government to negotiate prices on select drugs.

August 15, 2022
August 15, 2022

US employers struggle to find enough workers

Salespeople, food servers, postal workers -- “Help Wanted” ads are proliferating across the United States, as companies struggle to deal with a worker shortage caused by the pandemic, a rash of early retirements and restrictive immigration laws.

August 15, 2022
August 15, 2022

More cash needed to save Britons

Britain’s energy crisis will push millions into destitution this winter unless the government hands out more cash to help struggling households pay fuel bills, Rishi Sunak, the trailing candidate in the contest to become Britain’s next leader, said.

August 15, 2022
August 15, 2022

Russia starts delivering extra gas to Hungary

Hungary said Saturday that Russia has started delivering additional gas to the EU member following a July visit to Moscow by its foreign minister.

August 15, 2022
August 15, 2022

US to pause oil, gas leasing in Colorado over climate

The Bureau of Land Management will pause oil and gas leasing on 2.2 million acres of Colorado public land after environmental groups alleged its current management plan failed to consider climate impacts, according to a settlement.