Spain, Morocco seek reset of testy relationship at Rabat summit

Spain, Morocco hold first summit in eight years Relations long strained by illegal migration issue Expected to sign up to 20 agreements on trade, investment RABAT, Feb 2 (Reuters) – Spain and Morocco have agreed to set aside their differences, Spanish Prime Minister Pedro Sanchez said on Thursday, as they seek to repair a relationship … Read more

Putin evokes Stalingrad to predict victory over ‘new Nazism’ in Ukraine

Russian president speaks in Volgograd 80 years have passed since the Soviet victory in Stalingrad Putin draws parallels with Russia’s campaign in Ukraine This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. VOLGOGRAD, Russia, Feb 2 (Reuters) – President Vladimir Putin evoked the spirit of the Soviet … Read more

Asset managers, banks call on EU to cost plans to grab euro clearing from London

LONDON, Feb 2 (Reuters) – Asset managers, hedge funds and banks on Thursday called on the European Union to properly cost its plans to force market participants to shift derivatives clearing business from London to mandatory accounts in the bloc. London Stock Exchange Group’s LCH and ICE in London have long dominated parts of the … Read more

Russia advances in east Ukraine, strike on apartments kills civilians

Russian strike destroys apartment building; 3 dead – officials Zelenskiy gives gloomy assessment on Russian offensive in east Zelenskiy vows more anti-corruption measures New Russian offensive could begin on Feb. 24 – Ukraine minister KYIV, Feb 2 (Reuters) – The battle on the front lines in eastern Ukraine “has become tougher” as Russian forces push … Read more

Biden’s IRA has left Europe blind-sided. And playing catchup could lead to 2 big mistakes

US President Joe Biden, front, and Ursula von der Leyen, president of the European Commission. Bloomberg | Bloomberg | Getty Images The European Union is working against the clock to create a program to rival President Joe Biden’s unprecedented climate subsidies. But it’ll face two key issues in the process. The EU had, for a … Read more

Dollar falls to nine-month low as Powell notes progress in disinflation

NEW YORK, Feb 1 (Reuters) – The dollar extended losses on Wednesday and fell to a nine-month low against a basket of currencies after Federal Reserve Chair Jerome Powell spoke of making progress in bringing down inflation pressures, even as the US central bank warned of further monetary policy tightening. Powell, speaking in a news … Read more

Erdogan says Turkey positive on Finland’s NATO bid, not Sweden’s

ANKARA, Feb 1 (Reuters) – Turkey looks positively on Finland’s application for NATO membership, but does not support Sweden’s bid, Turkish President Tayyip Erdogan said on Wednesday. “Our position on Finland is positive, but it is not positive on Sweden,” Erdogan said of their NATO applications in a speech to his AK Party deputies in … Read more

EU’s Ban On Russian Diesel To Stoke Turmoil In Global Fuel Markets

FONTANA, CALIFORNIA – A trucker pumps diesel fuel into her 18-wheel semi-truck, twin fuel tanks at … [+] Truck Town in Fontana, California. (Photo by Bob Riha, Jr./Getty Images) Getty Images Gasoline prices are rising again – up more than 30 cents a gallon in the past month and around 15 cents in the last … Read more

Exxon smashes Western oil majors’ profits with $56 billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own … Read more