By Nina Chestney LONDON (Reuters) -Russia will seek payment in roubles for gas sales from “unfriendly” countries, President Vladimir Putin said on Wednesday, sending European gas prices soaring on concerns the move would exacerbate the region’s energy …
Lanvin Group, owned by China’s Fosun, plans New York listing via SPAC
SHANGHAI/SYDNEY (Reuters) -Lanvin Group, the luxury fashion company owned by Chinese conglomerate Fosun International Ltd, said on Wednesday it plans to list in New York by merging with a special purpose acquisition company (SPAC) and aims to raise up …
Chlorine leak at London’s Olympic Park, 29 people taken to hospital
LONDON (Reuters) -More than 25 people were taken to hospital on Wednesday after a leak of a high quantity of chlorine gas at the swimming pool used for the London Olympics, emergency services said. The London Fire Brigade said that around 200 people ha…
BP seeks to sell shut-down North Sea oilfield, riding wave of demand -sources
By Ron Bousso LONDON (Reuters) – BP is seeking buyers for its shut-down Foinaven oilfield in the North Sea, hoping Britain’s renewed focus on domestic production will attract buyers interested in extracting the field’s remaining reserves, industry sour…
VW plans to open Spanish battery plant near Valencia in 2026
By Joan Faus BARCELONA (Reuters) – Volkswagen has picked a site near Valencia for a planned battery cell plant in Spain, which could include U.S. carmaker Ford as a customer or partner, but the project depends on receiving government funds, it said on …
Oil jumps 5% as Caspian pipeline disruption adds to supply fears
By David Gaffen NEW YORK (Reuters) -Oil prices jumped 5% to over $121 a barrel on Wednesday as disruptions to Russian and Kazakh crude exports via the Caspian Pipeline Consortium (CPC) pipeline added to worries over tight global supplies. The situation…
European shares fall on inflation concerns, profit taking
By Bansari Mayur Kamdar and Susan Mathew (Reuters) -European shares fell 1% on Wednesday, reversing course after hitting one-month highs earlier in the session as a jump in oil prices added to lingering concerns over the economic impact of the Ukraine …
Russia’s ambassador to Indonesia says Putin plans to attend G20 summit
By Angie Teo and Stanley Widianto JAKARTA (Reuters) – Russian President Vladimir Putin intends to attend a G20 summit in Indonesia later this year, Russia’s ambassador to Indonesia said on Wednesday, dismissing suggestions by some G20 members that Russ…
UK inflation jumps again, hits new 30-year high of 6.2%
LONDON (Reuters) – British inflation rose to a new 30-year high of 6.2% last month, at the very top end of expectations among analysts, official data showed on Wednesday. The median forecast in a Reuters poll of economists had pointed to a reading of 5…
Taliban orders girls’ high schools to remain closed, leaving students in tears
By Charlotte Greenfield KABUL (Reuters) -The Taliban on Wednesday backtracked on their announcement that high schools would open for girls, saying they would remain closed until a plan was drawn up in accordance with Islamic law for them to reopen. The…