POL

Russian bodies, shattered vehicles mark Moscow’s loss of Ukrainian town

LYMAN, Ukraine, Oct 5 (Reuters) – The bodies of two Russian soldiers lay bloating in trees on opposite sides of the road, close to the blasted hulks of the cars and the van in which Ukrainian army officers said the dead men’s unit was retreating into the eastern town of Lyman. Unaware that their forces …

Russian bodies, shattered vehicles mark Moscow’s loss of Ukrainian town Read More »

Swiss pursue home-grown energy panacea – reluctantly

Government wants to ramp up renewable energy output Swiss Alps facilitate hydro, solar power production European energy crisis accelerates progress But concerns about impact on landscape mean compromise BERN / GRANDE DIXENCE, Switzerland, Oct 6 (Reuters) – Having dodged most of the fuel-driven surge in inflation plaguing its neighbors, Switzerland is moving ahead with plans …

Swiss pursue home-grown energy panacea – reluctantly Read More »

OPEC + oil output cut ahead of winter fans inflation concerns

SINGAPORE, Oct 6 (Reuters) – Global oil supply is set to tighten, intensifying concerns over soaring inflation after the OPEC + group of nations announced its largest supply cut since 2020 ahead of European Union embargoes on Russian energy. The move has widened a diplomatic rift between the Saudi-backed bloc and Western nations, which worry …

OPEC + oil output cut ahead of winter fans inflation concerns Read More »

OPEC + agrees deep oil production cuts, Biden calls it shortsighted

OPEC + to cut output by 2 mln bpd Real cuts estimated at 1 mln bpd due to under-production Biden criticises decision, calls it shortsighted Saudi says West’s criticism driven by wealth arrogance Saudi says cuts necessary due to rising interest rates VIENNA / LONDON, Oct 5 (Reuters) – OPEC + agreed steep oil production …

OPEC + agrees deep oil production cuts, Biden calls it shortsighted Read More »

Gas crisis set to worsen after Europe burns through winter stocks

European gas storage tanks around 90% full Gazprom resumes exports to Italy Kremlin wants to join Nord Stream leaks inquiry EU divided over proposals for gas price cap HELSINKI / BRUSSELS, Oct 5 (Reuters) – Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through …

Gas crisis set to worsen after Europe burns through winter stocks Read More »

US steps away from flagship lithium project with Berkshire

Oct 5 (Reuters) – In a February meeting with mining executives, President Joe Biden laid out an aggressive goal for the United States to produce more of its own minerals for the electric vehicle revolution in ways that respected the environment. A “big part” of those efforts, the president said, was Berkshire Hathaway Inc’s (BRKa.N) …

US steps away from flagship lithium project with Berkshire Read More »

Engine parts makers must cross ‘valley of death’ to reach EV era

KIDDERMINSTER, England, Oct 5 (Reuters) – Auto engine parts makers eyeing the promising electric-vehicle market are dealing with a severe case of delayed gratification. Until EVs truly take off, engine parts makers face a perilous few years where they must invest heavily in new machinery, while struggling with falling sales of fossil-fuel cars. Evtec Aluminum, …

Engine parts makers must cross ‘valley of death’ to reach EV era Read More »

Dollar slips on euro as lower US yields give markets a breather

LONDON, Oct 4 (Reuters) – The dollar slid on Tuesday, as US Treasury yields paused in a relentless climb higher, providing brief relief to share markets and helping the euro in particular move further off multi-year lows. The Australian dollar was also in focus, sinking after the nation’s central bank surprised markets with a smaller-than-expected …

Dollar slips on euro as lower US yields give markets a breather Read More »

Exclusive: UK gilt market resilient despite ‘major repricing,’ debt office head says

LONDON, Oct 4 (Reuters) – Britain’s bond market is undergoing “a major repricing”, but should comfortably absorb the extra 62 billion pounds ($ 69 billion) of debt announced after finance minister Kwasi Kwarteng’s Sept. 23 mini-budget, the head of the UK Debt Management Office (DMO) said on Monday. Robert Stheeman – the man tasked with …

Exclusive: UK gilt market resilient despite ‘major repricing,’ debt office head says Read More »

Grim winter looms as wartime Ukraine braces for infrastructure attacks

Elderly bracing for worst winter in decades Fears that attacks could target infrastructure Families buy wood, mend windows, light stoves KHARKIV, Ukraine, Oct 4 (Reuters) – In an abandoned tower block damaged by Russian shelling in Ukraine’s second city, Olga Kobzar plans to tough out winter for as long as she can without electricity, water …

Grim winter looms as wartime Ukraine braces for infrastructure attacks Read More »