London CNN Business — Most Russian crude oil exports to Europe are now banned, marking the boldest effort yet by the West to pile financial pressure on President Vladimir Putin as his brutal war in Ukraine enters its tenth month. The oil embargo, which was agreed upon in late May, took effect in the European […]
London CNN Business — The European Union has reached a consensus on the price at which to cap Russian oil just days before its ban on most imports comes into force. News of the deal, which had needed approval from holdout Poland, was confirmed on Twitter by the president of the European Commission, Ursula von […]
New York CNN — Prices at the pump continue to plunge, dropping the US average for gasoline below where it was when Russia invaded Ukraine. A gallon of regular gas now fetches $3.47 nationally, according to AAA. That is below the $3.54 average on February 24, the day Russia invaded Ukraine. That is down about […]
London CNN Business — Europe is becoming increasingly reliant on China for trade, and many of its top companies are eager to invest in the world’s second biggest economy despite the disruption caused by Covid lockdowns. But a souring relationship with an increasingly unpredictable Beijing, regret about the price Europe has paid for getting too […]
CNN — Lionel Messi had a penalty saved but Argentina booked its ticket to the knockout phase of the 2022 World Cup with a 2-0 victory over Poland. Alexis Mac Allister’s scuffed effort 60 seconds into the second half broke the deadlock before Julián Álvarez’s brilliant curled shot sealed the three points as Argentina advanced […]
London CNN Business — US oil prices have fallen to their lowest level since December 2021 on concerns that protests in China against Covid-19 lockdowns will dent demand. West Texas Intermediate crude oil futures, the US benchmark, slid 2.7% on Monday to trade close to $74 a barrel, a level last reached in December 2021. […]
London CNN Business — Allies of Ukraine want to put a price limit on Russian oil. But there’s a problem: They can’t agree on a number that would actually pile pressure on the Kremlin. The West’s biggest economies agreed earlier this year to cap the price of Russia’s most valuable export and vowed to hash […]
Hong Kong CNN — When world leaders at the Group of 20 summit in Bali, Indonesia, issued a joint statement condemning Russia’s war in Ukraine, a familiar sentence stood out from the 1,186-page document. “Today’s era must not be of war,” it said, echoing what Indian Prime Minister Narendra Modi told Russian leader Vladimir Putin […]
Washington CNN — The US Treasury Department on Tuesday unveiled additional sanctions on the entities involved in the production and transfer of Iranian drones to Russia. The sanctions target several aviation related companies and two individuals – Abbas Djuma and Tigran Khristoforovich Srabionov – who facilitated the Russian mercenary Wagner Group’s “acquisition of UAVs from […]
Washington CNN — The US and Russia have agreed to hold talks on the single existing nuclear treaty between the two countries in the near future, State Department spokesperson Ned Price said on Tuesday. The New START treaty limits all deployed intercontinental-range nuclear weapons by Russia and the US. The treaty – the only one […]