Why Kaliningrad, Russia’s foothold in Europe, could be the next flashpoint in its war against Ukraine

Russia reacted with fury after Lithuania banned the passage of sanctioned goods through its territory and into Kaliningrad. But Lithuania says it only supports EU sanctions and the European bloc has supported them. The dispute now threatens to escalate tensions between Moscow and the European Union, which has unveiled several packages of sanctions on Russian … Read more

Germany faces recession risk as Russia gas crisis deepens

Pipes at the landing facilities of the “Nord Stream 1” gas pipeline in Lubbmen, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now to get free unlimited access to Reuters.com Register More Europeans activate the first phase of gas crisis plans Rising gas prices add to policy makers’ inflation headaches Slowing flows hamper efforts to … Read more

Oil price rises with strong demand and tight supply

Models of oil drums and a pump lever are shown in front of a stock spiraling graph and the “$100” in this illustration was taken on February 24, 2022. REUTERS/Dado Rovich/Illustration Register now to get free unlimited access to Reuters.com Register Exxon Mobil CEO predicts that the tight oil market will continue in the past … Read more

Biggest rail strike in 30 years brings UK to a standstill

More than 40,000 railway workers began to strike The government is under pressure due to the cost of living crisis Trade unions say strike could start ‘summer of discontent’ LONDON (Reuters) – Britain’s biggest rail strike in 30 years kicked off on Tuesday, with tens of thousands of workers walking out over a dispute over … Read more

China’s oil imports from Russia may rise to a record high, overtaking Saudi Arabia’s largest oil supplier

Oil and gas tanks at an oil depot in the port of Zhuhai, China, October 22, 2018. (Reuters) / Ali Song Register now to get free unlimited access to Reuters.com Register Russia overtakes Saudi Arabia as the largest supplier after a gap of 19 months Russia imports nearly two million barrels per day in May … Read more

In Ukraine, the funeral of an activist who was killed in the war

Kyiv, Ukraine (AFP) – The poppies, the red roses that covered the battlefields of the two world wars in Europe, were mourning Saturday for the coffin of another dead soldier, who was killed in another European war in Ukraine.. Among the hundreds of mourners for Roman Ratuchny, 24, were friends who protested with him during … Read more

Ukraine gets big EU support as war rages in east

Ukraine’s candidacy for the EU signals a major shift in European geopolitics Putin seeks to play down the EU issue The battle continues for Sievierodonetsk Russian media said two Americans were caught fighting for Ukraine BRUSSELS/Kyiv (Kyiv) (Reuters) – As war rages in eastern Ukraine, Kyiv received a major boost on Friday when the European … Read more

Stocks eye biggest drop since 2020 as central banks jitter markets

The Bank of Japan was isolated as central banks raised interest rates Investors fear a recession growing Lagarde comments calm eurozone debt markets NEW YORK (Reuters) – Global stocks tumbled on Friday, approaching their worst week since the pandemic crash of markets in March 2020, as major central banks tightened policy in an attempt to … Read more

European Commission supports Ukraine’s bid to join the bloc

Speaking in Brussels, European Commission President Ursula von der Leyen said the commission recommends “granting Ukraine candidate status. This is of course based on the understanding that the country will implement a number of additional reforms.” “From the Commission’s point of view, Ukraine has clearly demonstrated the country’s aspirations and determination to live up to … Read more

Analysis: Market crash exposes Europe’s divisions

Defeat markets focus on Europe’s Achilles heel The European Central Bank’s attempt to restore confidence that has been curbed by high prices Ministers deadlocked over a ten-year plan to support banks LONDON (Reuters) – A sell-off in the markets brought back memories of the euro zone debt crisis more than a decade ago, highlighting the … Read more