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Pizza firm DP Eurasia says Russian business sustainable as group sales jump
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Blinken to say China strategy is about rules-based order, not ‘new Cold War’
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Oil climbs on tight supply, prospect of EU ban on Russian supply
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Britain looks at post-Brexit boost to company listings
China, Australia vie for Pacific influence with duelling visits
Date: May 26, 2022
By Kirsty Needham SYDNEY (Reuters) -China and Australia launched competing Pacific visits on Thursday, with China’s foreign minister expressing hope that ties with the Solomon Islands can be a regional model, while his counterpart said Canberra will be a partner that doesn’t come with strings attached. Australia’s Foreign Minister Penny Wong told the Pacific Islands...
Oil snaps inverse dollar link leaving little to check its bull run
Date: May 26, 2022
By Ahmad Ghaddar and Saikat Chatterjee LONDON (Reuters) – Oil’s bull run is taking little notice of the strong U.S. dollar, breaking crude’s historical inverse link to the greenback and giving analysts confidence it has further to go based on current market fundamentals. A strong dollar typically weighs on oil prices because it makes the...
Global firms warn of sluggish China demand due to lengthy COVID curbs
Date: May 26, 2022
By Josh Ye and Jane Lanhee Lee (Reuters) – Two months into harsh COVID-19 lockdowns that have choked global supply chains, China’s economy is staggering back to its feet, but businesses from retailers to chipmakers are warning of slow sales as consumers in the country slam the brakes on spending. Car sales in the world’s...
Oil stocks lift European shares as growth worries persist
Date: May 26, 2022
By Susan Mathew (Reuters) -European markets were modestly higher on Thursday, bolstered by energy shares and the U.S. Federal Reserve sticking to script about monetary tightening, with sentiment fragile on lingering worries about slowing economic growth. The pan-European STOXX 600 index rose 0.2% by 0840 GMT, extending gains to a second day. Gains were largely...
FTSE 100 ticks higher as oil majors offset slide in BT Group
Date: May 26, 2022
(Reuters) – Britain’s top share index edged higher on Thursday as gains in oil majors more than offset a slump in BT Group after it said the UK government was set to probe Altice UK’s stake in the telecoms group. The blue-chip FTSE 100 was up 0.1% and the domestically focussed FTSE 250 index inched...
G7 can spearhead climate fight by agreeing to phase out coal, Germany says
Date: May 26, 2022
By Markus Wacket and Kate Abnett BERLIN (Reuters) -The Group of Seven countries can spearhead the fight against climate change and accelerate a pivot away from fossil fuels by agreeing to phase out coal power generation, Germany’s economy minister Robert Habeck said on Thursday. Habeck was speaking as G7 energy, climate and environment ministers were...