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Germany approves law mandating full gas storage before winter
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Russian stocks slide on second day of trade, led lower by Aeroflot
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Kazakh oil woes another headache for top Western producers amid Ukraine war
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World stocks poised for consecutive weekly gains for first time in 2022
ECB objects to EU’s plan to water down banking rules
Date: March 25, 2022
FRANKFURT (Reuters) – European Union lawmakers should not grant banks exceptions from new global rules designed to avoid a new financial crisis, highlighting risks relating to housing and derivatives, the European Central Bank said on Friday. The ECB, which is the EU’s top banking watchdog, welcomed the European Commission’s proposal to implement the Basel III...
Spanish truckers protest in Madrid after rejecting new government aid package
Date: March 25, 2022
By Inti Landauro and Susana Vera MADRID (Reuters) -Spain’s transport minister agreed to meet with striking truck drivers on Friday after they rejected a 1 billion euro ($1.10 billion) support package aimed at defusing a 12-day walkout over fuel prices that has caused sporadic goods shortages. Minister Raquel Sanchez announced the measures, which include a...
North Korea says new ICBM will curb ‘dangerous’ moves by U.S. military
Date: March 25, 2022
By Josh Smith SEOUL (Reuters) -North Korea’s latest launch was a big, new intercontinental ballistic missile (ICBM), state media reported on Friday, in a test leader Kim Jong Un said was designed to demonstrate the might of its nuclear force and deter any U.S. military moves. The Thursday launch was the first full ICBM test...
U.S., EU strike LNG deal as Europe seeks to cut Russian gas
Date: March 25, 2022
By Jarrett Renshaw, Vera Eckert and Joseph Nasr BRUSSELS/BERLIN (Reuters) – The United States will work to supply 15 billion cubic metres (bcm) of liquefied natural gas (LNG) to the European Union this year to help wean it off Russian gas supplies, the transatlantic partners said on Friday. The EU is aiming to cut its...
European shares struggle for direction as crisis in Ukraine deepens
Date: March 25, 2022
By Susan Mathew (Reuters) – European shares were flat on Friday and were set to end the week lower, as the escalating Russia-Ukraine conflict kept investors cautious heading into the weekend. Declines in financial and energy stocks countered gains in technology <.SX8P> and defensive sectors, leaving the pan-European STOXX 600 index 0.05% lower, in what...
EU plans joint gas purchases but at odds over Russia oil embargo amid energy crunch
Date: March 25, 2022
By Philip Blenkinsop and Ingrid Melander BRUSSELS (Reuters) -European Union leaders on Friday backed plans to buy gas jointly and won a pledge from the United States to supply them with more LNG, both steps aimed at helping the bloc face an energy crunch heightened by Russia’s invasion of Ukraine. “We’re coming together to reduce...