World oceans at most acidic level in 26,000 years, climate report warns

May 18 (Reuters) – The world’s oceans grew to their warmest and most acidic levels on record last year, the World Meteorological Organization (WMO) said on Wednesday, as United Nations officials warned that war in Ukraine threatened global climate commitments. Oceans saw the most striking extremes as the WMO detailed a range of turmoil wrought … Read more

Shares slide as global growth fears mount

FILE PHOTO – An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS / Thomas Peter Register now for FREE unlimited access to Reuters.com Register BEIJING / HONG KONG, May 19 (Reuters) – Asian stocks slid on Thursday, tracking a steep Wall Street … Read more

EU to map out escape route from Russian fossil fuels

A 3D printed Natural Gas Pipes are placed on displayed EU and Russian flags in this illustration taken, January 31, 2022. REUTERS / Dado Ruvic Register now for FREE unlimited access to Reuters.com Register BRUSSELS, May 18 (Reuters) – The European Commission will on Wednesday unveil a 210 billion euro plan for how Europe can … Read more

Stock market rebound fizzles, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out their fourth straight session of … Read more

EU says legal Russian gas payments possible, warns against ruble accounts

A pressure gauge is pictured at a Ukrainian gas compressor station in the village of Boyarka near the capital Kiev January 20, 2009. REUTERS / Konstantin Chernichkin Register now for FREE unlimited access to Reuters.com Register BRUSSELS, May 17 (Reuters) – The European Commission said on Tuesday opening accounts in rubles at a Russian bank … Read more

Morning Bid: Apocalypse now? | Reuters

Governor of the Bank of England Andrew Bailey addresses the media on the Monetary Policy Report at the Bank of England in London, Britain May 5, 2022. Frank Augstein / Pool via REUTERS / Files Register now for FREE unlimited access to Reuters.com Register A look at the day ahead in markets from Dhara Ranasinghe. … Read more

Shares recover even as inflation fears linger

Blank prices are displayed in the stock quotation boards at the Tokyo Stock Exchange (TSE) after the TSE temporarily suspended all trading due to system problems in Tokyo, Japan October 1, 2020. REUTERS / Issei Kato / Files Register now for FREE unlimited access to Reuters.com Register LONDON / HONG KONG, May 17 (Reuters) – … Read more

Analysis: Food inflation pain puts emerging markets between rock and hard place

Food makes up 40% of CPI baskets in low income countries UN food price index hits record in February, March More governments opt to introduce support measures Risk of social unrest is on the rise over food, fuel price rises LONDON / ISTANBUL / CAIRO, May 17 (Reuters) – Like for millions of people in … Read more

Sri Lanka down to last day of petrol, PM tells crisis-hit nation

COLOMBO, May 16 (Reuters) – Sri Lanka’s new prime minister said on Monday the crisis-hit nation was down to its last day of petrol, as the country’s power minister told citizens not to join the lengthy fuel queues that have galvanized weeks of anti -government protests. Ranil Wickremesinghe, appointed prime minister on Thursday, said in … Read more

EU ministers urge Hungary to sign up to planned Russian oil embargo

Lithuanian Foreign Minister Gabrielius Landsbergis listens during a news conference in Vilnius, Lithuania March 18, 2022. REUTERS / Janis Laizans / File Photo Register now for FREE unlimited access to Reuters.com Register Hungary singled out as an obstacle to deal Budapest says no acceptable proposal yet from Brussels May 30-31 summit could be last-ditch attempt … Read more