By Darya Korsunskaya and Natalia Zinets MOSCOW/KYIV (Reuters) -Ukraine’s President Volodymyr Zelenskiy said on Monday he had heard that Wednesday could be the day of a Russian invasion, and would proclaim it a day of Ukrainian national unity instead. Z…
Europe’s banks fund oil and gas expansion despite IEA warning -report
LONDON (Reuters) -European banks are providing billions of dollars of funding to expand oil and gas production, a report on Monday showed, despite International Energy Agency guidance against new facilities in order to slow global warming. Last year, 2…
Oil hits 7-yr highs as Ukraine fears Russian attack imminent
By Stephanie Kelly NEW YORK (Reuters) -Oil prices surged on Monday over 2% to their highest in more than seven years as Ukraine’s President said he had heard that Russia could invade the country on Wednesday. Russia is one of the world’s largest oil-an…
A new Onassis? Italy’s sea captain swoops on reborn Alitalia
By Jonathan Saul, Elisa Anzolin and Francesca Landini LONDON/MILAN (Reuters) – Sixty-five years after Aristotle Onassis founded Greece’s Olympic Airways, another shipping entrepreneur is planning to take to the skies – this time in Italy, where Gianlui…
Dollar strengthens on Bullard rate comments, Ukraine concerns
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar index reached a two-week high on Monday, with investors anxious over tensions in Ukraine and as St. Louis Federal Reserve president James Bullard reiterated calls for a faster pace of U.S. F…
Shares slide, oil rises on growing Ukraine crisis
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – World shares slid on Monday while oil prices jumped to seven-year highs on U.S. warnings that Russia could soon invade Ukraine, and investors scurried to buy safe-haven government bonds they mo…
Australia’s Crown Resorts backs $6.3 billion Blackstone bid, ending Packer era
By Byron Kaye and Shashwat Awasthi SYDNEY (Reuters) – Crown Resorts Ltd backed a $6.3 billion buyout from private equity giant Blackstone Inc on Monday, giving billionaire James Packer an exit route from the Australian casino firm beset by scandals and…
BoE to raise rates again in March, inflation to peak soon after
By Swathi Nair BENGALURU (Reuters) – The Bank of England will raise interest rates faster than previously thought to tame surging inflation, according to economists polled by Reuters who significantly upgraded their forecasts for consumer price rises. …
UK employers plan biggest pay rises in nearly 10 years – CIPD
By William Schomberg LONDON (Reuters) – British employers expect to raise staff pay by the most in at least nine years but the 3% wage deals for workers would still be below fast-rising inflation, according to a survey published on Monday. With the Ban…
Britain working to provide more military support to Ukraine
By Andrew MacAskill LONDON (Reuters) – Britain is working on a package of military support and economic aid for Ukraine as the threat of a Russian invasion grows, a government spokesperson said on Sunday. Prime Minister Boris Johnson will make a trip t…