Europe is racing to prepare for this winter’s energy crisis

Spain may close energy-intensive industries at peak times France prepares to send gas to Germany in October Germany will sign LNG contracts in the UAE Berlin is still working on rescuing Uniper BERLIN / PARIS, 19 Sept. (Reuters) – European governments on Monday outlined new measures to address potential energy shortages this winter and competed … Read more

EXCLUSIVE India’s top lender asks exporters to trade with Bangladesh in rupees, taka

New Delhi, Sep 19 (Reuters) – The State Bank of India (SBI.NS), the largest lender, has asked exporters to avoid entering into deals with Bangladesh in dollars and other major currencies as it seeks to curb exposure to foreign reserves. decline in Dhaka, according to an internal document and a source. Bangladesh’s $ 416 billion … Read more

Frugal is the new cool for Chinese youth as the economy falters

BEIJING, Sep 19 (Reuters) -Before the pandemic, Doris Fu envisioned a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year-old marketing consultant from Shanghai is one of many Chinese in their 20s to 30s who cut spending and save money where … Read more

Germany takes control of the Russian-owned refinery during the energy crisis

Register now for FREE unlimited access to Reuters.com Sign in The German energy industry falters after the war in Ukraine The German regulator now has control of the Schwedt refinery The Schwedt refinery is a major fuel source for Berlin PKN interested in controlling stake in refinery – sources BERLIN, 16 Sept. (Reuters) – Germany … Read more

Column: G7 could pay more attention to FX: Mike Dolan

G7 trade and economy ministers line up for a family photo in front of Neuhardenberg Castle, Germany, September 15, 2022. REUTERS / Annegret Hilse Register now for FREE unlimited access to Reuters.com Sign in LONDON, 16 Sept. (Reuters) – Japan may seem like a lone voice in the Group of Seven calling for some currency … Read more

Column: Oil prices and financial markets prepare for recession

LONDON, 15 Sept. (Reuters) – US economic data remains solid, but a number of financial indicators point to a sharp slowdown in the coming year that would dampen oil consumption and lead to lower prices. The apparent contradiction between the real economy and financial markets has puzzled some commentators, but it is normal around a … Read more

US equities slide as yields rise, the Fed in the center

Register now for FREE unlimited access to Reuters.com Sign in The Fed looms large markets, the dollar goes up Oil collapses on demand concerns, US rail strike averted Treasury yields rise as oil gold plummets NEW YORK, Sept. 15 (Reuters) – Wall Street indices were firmly in the red after an unstable start to Thursday’s … Read more

Traffic, water shortages, now floods: the slow death of the Indian technological hub?

Much of Bengaluru has been submerged by the recent floods Residents forced to wade the water up to their waist The disruptions raise questions about the future of the city as a technology hub Authorities vow to act, but extreme weather conditions can complicate plans BENGALURU, Sept. 15 (Reuters) – Harish Pullanoor spent his weekends … Read more

EXCLUSIVE US weighs China’s sanctions to discourage Taiwan’s action, Taiwan presses the EU

TAIPEI / FRANKFURT / WASHINGTON, Sep 13 (Reuters) – The United States is considering options for a sanctions package against China to dissuade it from invading Taiwan, with the European Union coming under diplomatic pressure from Taipei to do the same , according to sources familiar with the discussions. The sources said the separate Washington … Read more

The eyes of the EU are forcing fossil fuel companies to help consumers survive the energy crisis

Register now for FREE unlimited access to Reuters.com Sign in BRUSSELS, Sep 12 (Reuters) – Fossil fuel companies may have to share their excess profits to help European households and industries cope with scorching energy bills, a European Union draft plan showed on Monday how the cost of “war.” energy “of the West with Russia … Read more