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U.S. opens special probe into fatal Tesla pedestrian crash in California
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Germany’s Uniper seeks bailout as Moscow gas standoff chokes finances
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Gunman assassinates Japan ex-PM Abe on campaign trail
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Contest to replace Boris Johnson begins, opponents demand he goes now
Former UK finance minister Sunak bids to replace PM Johnson
Date: July 8, 2022
By William James and Farouq Suleiman LONDON (Reuters) -British former finance minister Rishi Sunak said on Friday he was running to replace Boris Johnson, three days after helping to launch the cascade of resignations that brought the prime minister down. Johnson announced on Thursday that he would stand down as prime minister after a mass...
Exxon, Shell may pursue part of $1.8 billion Nigerian award–US appeals court
Date: July 8, 2022
By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court on Friday said Exxon Mobil Corp and Royal Dutch Shell Plc affiliates may try to enforce part of a $1.8 billion arbitration award against Nigeria’s state-run oil company, in a dispute concerning oil extraction near the African country’s coastline. In a 3-0 decision, the...
UK regulator proposes reforms to cut reliance on gas imports
Date: July 8, 2022
LONDON (Reuters) -British energy regulator Ofgem is proposing reforms to wholesale electricity markets to reduce Britain’s reliance on gas imports and accelerate the transition to low-carbon energy supply, it said on Friday. Last year, the government set out plans to increase offshore wind capacity to 50 gigawatts (GW) by 2030 and increase solar power. However,...
Russian envoy: UK has made little effort to free men sentenced to death in eastern Ukraine
Date: July 8, 2022
LONDON (Reuters) – Russia’s ambassador to Britain said he was surprised London has not made more of an effort to secure the release of two British citizens sentenced to death for fighting in eastern Ukraine. While fighting with the Ukrainian army, Aiden Aslin and Shaun Pinner were captured by Russian-backed forces in the self-proclaimed Donetsk...
Rifts Across the Channel – The Impact of Brexit on France
Date: July 8, 2022
By Stewart Beer, Site Manager for Electrix International. The impact of the UK’s decision to leave the European Union was immediate, with the value of the pound dipping in a single day to its lowest in 31 years, and is still yet to recover. Brexit hasn’t just left its mark on UK countries, however. It has...
Oil heads for weekly loss as recession fears trump tight supply
Date: July 8, 2022
By Alex Lawler LONDON (Reuters) -Oil rose in volatile trade on Friday but was still heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. Central banks are raising interest rates to tame inflation, spurring fears that rising borrowing costs could stifle growth, while mass COVID-19 testing in...