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

The Italian right-wing bloc ready for electoral victory: five questions for the markets

Register now for FREE unlimited access to Reuters.com Sign in MILAN, 19 Sept. (Reuters) – Italy’s right-wing bloc looks set to win a majority in both houses of parliament in next Sunday’s elections, at a time when soaring energy prices and rising interest rates create challenges increasing for the heavily indebted state. Giorgia Meloni, leader … 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

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

Explanation: The G7 maximum price on Russian oil is starting to take shape

A 3D printed oil barrels model is seen in front of the displayed stock chart going down in this illustration taken, December 1, 2021. REUTERS / Dado Ruvic / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Sign in WASHINGTON, Sep 12 (Reuters) – Group of Seven countries are working to … Read more

Analysis: This could hurt: the tectonic plates of the global economy shift

Beyond the cost-of-living crisis, broader trends are at play Demography, geopolitics, environmental costs weigh on Monetary quick fixes are not enough; deeper reforms needed LONDON, Sep 12 (Reuters) – When the Shannon family announced the closure of their garden center just off London’s busy South Circular Road after 33 years in business this month, the … Read more

Exclusive: Biden will hit China with larger cuts in US chip and tool exports

Semiconductor chips are seen on a computer printed circuit board in this illustrative photo taken on February 25, 2022. REUTERS / Florence Lo / Illustration / File Photo Register now for FREE unlimited access to Reuters.com Sign in WASHINGTON, Sept. 11 (Reuters) – Biden administration plans next month to widen limits on U.S. shipments to … Read more

EXCLUSIVE The German Ministry of Economy examines measures to curb business in China

Employees work on the assembly line during a construction completion event for the SAIC Volkswagen MEB electric vehicle plant in Shanghai, China, November 8, 2019. REUTERS / Aly Song Register now for FREE unlimited access to Reuters.com Sign in Berlin reviews Chinese investments, export guarantees, trade fairs Germany plans to publish the new strategy for … Read more