Global oil market signals short-term weakness ahead of EU ban on Russian oil

Global oil market signals short-term weakness ahead of EU ban on Russian oil

NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Stocks, oil skid as China’s COVID protests roil sentiment

Stocks, oil skid as China’s COVID protests roil sentiment

SYDNEY, Nov 28 (Reuters) – Stocks and oil slid sharply on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs raised worries about management of the virus in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slumped 2.2%, pulled lower by heavy selling in Chinese … Read more

BBC says Chinese police assaulted one of its journalists at Shanghai protest

BBC says Chinese police assaulted one of its journalists at Shanghai protest

LONDON, Nov 27 (Reuters) – The BBC said on Sunday that Chinese police assaulted and detained one of its journalists covering a protest in Shanghai, before later releasing him after several hours. “The BBC is extremely concerned about the treatment of our journalist Ed Lawrence, who was arrested and handcuffed while covering the protests in … Read more

UK housing market seen facing further ‘mini-budget’ fallout

LONDON, Nov 28 (Reuters) – British property market activity stalled in October and house price growth slowed to its lowest quarterly level since February 2020 due to a disastrous “mini-budget” and a cost-of-living crisis, a survey released on Monday shown. Zoopla’s house price index said the October slowdown was in part due to the economic … Read more

Ukraine’s Kyiv mayor rebuffs Zelenskyy criticism amid energy woes | Russia-Ukraine war News

The energy deprivation facing Ukrainians has renewed tensions between Ukraine’s president and Kyiv’s mayor amid a looming power crisis and the winter period setting in. Mayor Vitali Klitschko on Sunday defended himself against allegations leveled by President Volodymyr Zelenskyy that too many Kyiv residents were still without power and that centers that had been set … Read more

Newborn among 7 dead in landslide on Italy’s Ischia island

MILAN (AP) — Search teams have recovered seven dead, including a 3-week-old infant and a pair of young siblings, buried in mud and debris that hurtled down a mountainside and through a densely populated port city on the resort island of Ischia , officials said Sunday. The Naples prefect confirmed that five people remained missing, … Read more

Riots in Belgium, Netherlands after Morocco win at World Cup

BRUSSELS (AP) — Riots broke out in several Belgian and Dutch cities after Morocco’s 2-0 upset win over Belgium at the World Cup Sunday. Police detained about a dozen people after they deployed water cannons and fire tear gas to disperse crowds in Brussels. Dozens of rioters overturned and torched cars, set electric scooters on … Read more

Ukraine nuclear boss says he sees signs Russia may leave occupied plant

KYIV, Nov 27 (Reuters) – The head of Ukraine’s state-run nuclear energy firm said on Sunday there were signs that Russian forces might be preparing to leave the vast Zaporizhzhia nuclear power plant which they seized in March soon after their invasion. Such a move would be a major battlefield change in the partially-occupied southeastern … Read more

Kremlin defends Russian-led security alliance after Armenia criticism

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 27 (Reuters) – Kremlin spokesman Dmitry Peskov on Sunday said attempts to break up a Russian-led security alliance had always existed and would continue to do so, but insisted that the alliance remained in high demand … Read more

Morocco vs Belgium: Big World Cup upsets as Atlas Lions shock Red Devils and Costa Rica defeats Japan

CNN — It was a day of big upsets at the World Cup as Belgium and Japan both succumbed to shock defeats against Morocco and Costa Rica respectively. Morocco won its first World Cup match since 1998 – and its third ever – securing a sensational 2-0 victory over heavyweight Belgium to ensure that it … Read more