global-economy
Top StoriesWTO Strikes Global Trade Deals After ‘roller Coaster’ Talks
Top StoriesThe Sea Mines Floating Between Ukraine’s Grain Stocks and the World
Top StoriesAnalysis: Global Investment Banking Faces Tougher Times After Blockbuster Year
Top StoriesOil Slips on China Lockdowns, but Bullish Trends Intact
Oil Prices Advance Despite U.S. Inventory Rise
Date: June 8, 2022
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Wednesday, despite a likely rise in U.S. oil stocks, on the easing of Chinese COVID-19 related lockdowns and a possible strike by Norwegian oil workers. Brent crude futures were up $1.01, or 0.8%, at $121.58 a barrel at 0927 GMT. U.S. West Texas Intermediate crude was...
Senegal Leader Says Putin Showed Readiness to Free up Ukrainian Grain Exports
Date: June 3, 2022
By Mark Trevelyan LONDON (Reuters) -Senegal’s President Macky Sall said Russia’s Vladimir Putin had told him on Friday he was ready to enable the export of Ukrainian grain to ease a global food crisis that is hitting Africa especially hard. “President #Putin has expressed to us his willingness to facilitate the export of Ukrainian cereals,”...
No End to Ukraine War in Sight, Hunger Crisis Looms – UN
Date: June 3, 2022
GENEVA (Reuters) – United Nations officials warned on Friday that a protracted war in Ukraine threatened a hunger crisis in the country and around the world. Marking 100 days since Russia invaded its neighbour, UN crisis coordinator Amin Awad said at least 15.7 million people in Ukraine were now in urgent need of assistance and...
Oil Edges Higher as Supply Still Seen Tight After Opec+ Hike
Date: June 3, 2022
By Alex Lawler LONDON (Reuters) -Oil edged higher on Friday, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned won’t much affect tight global supply and by rising demand as China eases COVID restrictions. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, on Thursday agreed...
Food Prices Dip in May, Cereal Output Set to Decline, U.N. Agency Says
Date: June 3, 2022
ROME (Reuters) – World food prices dipped in May for a second consecutive month after hitting a record high in March, although the cost of cereals and meat both rose, the United Nations’ food agency said on Friday. The Food and Agriculture Organization’s (FAO) food price index https://www.fao.org/worldfoodsituation/foodpricesindex/en, which tracks the most globally traded food...
Moscow Calls EU Move to Phase Out Russian Oil ‘self-Destructive’
Date: June 2, 2022
(Reuters) -Russia warned on Thursday that the European Union’s decision to partially phase out Russian oil was likely to destabilise global energy markets, calling it a ‘self-destructive’ step that could backfire on the bloc. EU leaders agreed in principle on Monday to cut 90% of oil imports from Russia by the end of this year,...