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How consumer delivery demands can be met in a sustainable way
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Biden, G7 revoke Russia’s favored nation trading status
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UBS joins lenders setting fossil fuel emissions-cutting goals
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Russia shock hurls gold toward record highs
Exclusive-Russia’s Surgut works with China to allow oil sales to go on
Date: March 11, 2022
By Florence Tan SINGAPORE (Reuters) -Russian producer Surgutneftegaz has allowed Chinese buyers to receive oil without providing guarantees known as letters of credit (LC) in order to bypass Western sanctions, three people with knowledge of the matter said. The change in terms is allowing Surgutneftegaz to continue to sell ESPO Blend crude from the port...
Russia may use chemical weapons in false flag attack but not more broadly, Western official says
Date: March 11, 2022
By Alistair Smout and Andrew MacAskill LONDON (Reuters) -Russia might use chemical weapons in Ukraine in a “false flag” attack to provide a retrospective justification for its invasion, but there is nothing to suggest a broader use of such weapons in the war, Western officials said. Russia’s war in Ukraine has entered a third week...
Prices mixed in volatile trading as Russian gas keeps flowing
Date: March 11, 2022
(Reuters) – British and Dutch gas prices posted losses early on Friday morning amid stable gas flows from Russia, but some contracts have reversed direction as trading remained volatile. The British day-ahead gas price was flat at 285.00 pence/therm by 1036 GMT, while the April contract rose by 12.00 pence to 315.00 p/therm. Both contracts...
Apple to chime louder in Asia with 5G iPhone SE
Date: March 11, 2022
By Siddarth S and Nivedita Balu (Reuters) – Apple Inc’s low-cost 5G model should enhance the iPhone maker’s appeal in Asia where it is in a stiff battle with multiple rivals from Samsung to Vivo, analysts believe. After focusing on high-end phones during the pandemic-induced supply chain crisis, Apple this week unveiled 5G connectivity to...
Stocks rally after Putin says some progress in Ukraine talks
Date: March 11, 2022
By Tommy Wilkes LONDON (Reuters) – Stocks extended their gains on Friday after Russian President Vladimir Putin said there had been some progress in Moscow’s talks with Ukraine, although the rally was not enough to stop shares heading for their fifth consecutive weekly loss. Putin did not provide any details and recent talks between the...
Bank of England heads for third rate rise in a row as prices surge
Date: March 11, 2022
By David Milliken LONDON (Reuters) – The Bank of England looks set to lift interest rates to 0.75% on Thursday, its third rate rise in a row as it seeks to tame a dramatic surge in inflation that has been intensified by Russia’s invasion of Ukraine. A quarter-point rate hike on March 17 would return...