WASHINGTON (Reuters) – U.S. President Joe Biden’s administration on Thursday announced a plan to release 1 million barrels of oil a day from the strategic petroleum reserve over the next six months, the White House said in a statement. (Reporting By Pa…
UK is not looking to pay for Russian gas in roubles -PM’s spokesman
LONDON (Reuters) – Britain does not plan to pay for Russian gas in roubles, Prime Minister Boris Johnson’s spokesman said on Thursday, adding that the government was monitoring the implications for the European market of President Vladimir Putin’s dema…
Cucumber crisis: surging energy prices leave British glasshouses empty
By James Davey ROYDON, England (Reuters) – In a small corner of south-east England, vast glasshouses stand empty, the soaring cost of energy preventing their owner from using heat to grow cucumbers for the British market. Elsewhere in the country growe…
Exclusive-Banks tell Britain that curb on all Russian savers won’t work -sources
By Andrew MacAskill and Sinead Cruise LONDON (Reuters) – Banks in Britain have warned the government that a plan to ban all Russians from holding more than 50,000 pounds ($65,430) in their accounts is illegal and unworkable, five sources said. When Rus…
Putin says Russian gas must be paid for in roubles from Friday
(Reuters) – Russian President Vladimir Putin said on Thursday that he had signed a decree saying foreign buyers must pay in roubles for Russian gas from April 1, and contracts would be halted if these payments were not made. “In order to purchase Russi…
Russia’s foreign debt rises to $480 billion as of Jan 1 – central bank
(Reuters) – Russia’s total external debt stood at $480 billion as of Jan. 1, an increase of $13 billion when compared to a year ago, the central bank said on Thursday. Russia’s foreign debt has been in sharp focus since Western sanctions isolated Mosco…
Volkswagen to recall more than 100,000 cars on fire risk – Bild
BERLIN (Reuters) – Volkswagen Group will have to recall more than 100,000 vehicles globally due to the risk of fire, German daily Bild reported, citing regulator KBA. Bild cited the KBA as saying “inadequate fastening of the engine design cover can lea…
Germany’s bond yields set for biggest monthly jump in over a decade
By Dhara Ranasinghe LONDON (Reuters) -Battered euro zone bonds recovered ground on Thursday, but were set to end March with one of their biggest selloffs in years as rising inflation and rate-hike risks left German Bund yields on track for their bigges…
Russia confirms ex-U.S. Marine Reed is on hunger strike
LONDON (Reuters) – Russia’s state prison service told Reuters on Thursday that jailed ex-U.S. Marine Trevor Reed had declared a hunger strike on March 28 to protest disciplinary action against him, but that he had repeatedly tested negative for tubercu…
Cuadrilla’s shale gas wells given a reprieve ahead of new UK strategy
By Muvija M LONDON (Reuters) -British fracking company Cuadrilla said a notice ordering it to plug and abandon two shale gas wells had been lifted, giving it until mid-2023 to evaluate whether it could extract gas safely and provide an alternative ener…