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Rouble firms towards 61 vs dollar despite EU sanctions
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French economy shrank in first quarter as inflation unnerves consumers
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Swiss economic expansion set to slow but not stall – gov’t
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Euro zone inflation hits new record, adding to case for big ECB rate hikes
Russian gas flows to Europe fall as Russia’s gas cuts escalate
Date: May 31, 2022
(Reuters) -Russian gas flows to Europe directly to Germany and via Ukraine fell on Tuesday morning with Moscow escalating its cuts to European supply as it halted delivery to Dutch trader GasTerra. Requests for Russian natural gas flows to Germany through the Nord Stream 1 pipeline across the Baltic Sea fell to 65,146,776 kilowatt hours...
Zelenskiy chides EU for failing to agree on Russian oil import ban
Date: May 30, 2022
By Sabine Siebold and John Chalmers BRUSSELS (Reuters) -EU leaders on Monday made clear they would fail to agree on a Russian oil import ban at a summit in Brussels, prompting swift criticism from Ukrainian President Volodymyr Zelenskiy who chastised them for being too soft on Moscow. The European Union has rolled out five packages...
People infected with monkeypox can isolate at home – UKHSA
Date: May 30, 2022
By Natalie Grover LONDON (Reuters) -People infected with monkeypox can isolate at home if they remain well enough, whilst following measures to limit close contact with others, the UK’s health security agency (UKHSA) said on Monday, part of guidance designed to curb the country’s rise in cases of the viral illness. More than 300 suspected...
Russians, Ukrainians fight on outskirts of Sievierodonetsk, EU haggles over oil ban
Date: May 30, 2022
By Pavel Polityuk and Natalia Zinets KYIV (Reuters) – Ukrainian and Russian forces battled on Monday on the outskirts of Sievierodonetsk, the last city still held by Kyiv in Ukraine’s Luhansk province and the focus of Moscow’s offensive in the country’s east. Russian shelling has reduced much of the city to ruins but the Ukrainian...
Britain could keep coal-fired power plants open this winter
Date: May 30, 2022
By Susanna Twidale LONDON (Reuters) -Some of the British coal-fired power plants slated for closure this year might need to stay open to ensure electricity supply this winter, the government said on Monday. Countries across Europe are drawing up contingency plans against potential disruption to flows of Russian gas because of the war in Ukraine....
Denmark’s Orsted warns of Russian gas supply halt after spurning rouble payments
Date: May 30, 2022
By Stine Jacobsen COPENHAGEN (Reuters) -Orsted on Monday warned that Russia’s Gazprom Export could stop supplying gas to the Danish energy company because it has refused to pay in roubles, but such a move would not immediately put Denmark’s gas supplies at risk. Russia’s rouble payment scheme has exposed cracks in the European Union’s united...