‘The situation is serious’: Germany plans to fire up coal plants as Russia throttles gas supplies

Germany plans to compensate for a cut in Russian gas supplies by increasing the burning of coal – the most carbon-intensive fossil fuel in terms of emissions. Bloomberg | Bloomberg | Getty Images Germany has said the deteriorating gas market situation means Europe’s largest economy must limit the use of natural gas for electricity production … Read more

‘The situation is serious’: Germany plans to fire up coal plants as Russia throttles gas supplies

Germany plans to compensate for a cut in Russian gas supplies by increasing the burning of coal – the most carbon-intensive fossil fuel in terms of emissions. Bloomberg | Bloomberg | Getty Images Germany has said the deteriorating gas market situation means Europe’s largest economy must limit the use of natural gas for electricity production … Read more

France votes, with Macron facing tough battle for control of parliament

Projections from voting expected at 1800 GMT Macron needs 289 seats for absolute majority in parliament Pollsters say he may fall short as smaller parties make gains One minister already eliminated in overseas vote PARIS, June 19 (Reuters) – Voting was underway in France on Sunday in a parliamentary election that could deprive newly re-elected … Read more

NATO warns of long Ukraine was as Russian assaults follow EU boost for Kyiv

NATO’s Stoltenberg says war could last years Allies must show they will back Ukraine for long haul -Johnson Ukraine admits setback at village near Sievierodonetsk “All that is ours we will take back” -Zelenskiy Two Azovstal defense commanders moved to Russia for probe -TASS KYIV, June 19 (Reuters) – The war in Ukraine could last … Read more

Ukraine’s fight grinds on, Boris Johnson pledges long-haul support

EU summit expected to back Ukraine candidate status Ukraine candidacy endorsement marks major shift Britain’s Johnson warns against ‘Ukraine fatigue’ Battle for Sievierodonetsk grinds on More rocket strikes, shelling across east, central Ukraine KYIV, June 18 (Reuters) – With a fresh blessing for its European Union ambitions and a promise of continued strong support from … Read more

Ukraine should become a membership candidate to join the EU, commission says

European Commission President Ursula von der Leyen said Ukraine should be welcome as a candidate country. Kenzo Tribouillard | Afp | Getty Images The European Commission on Friday recommended that Ukraine becomes a membership candidate to join the EU – albeit on the understanding that the war-ravaged country carries out a number of important reforms. … Read more

Biden announces new $ 1 bln in weapons for Ukraine, Kyiv seeks more heavy arms

WASHINGTON, June 15 (Reuters) – President Joe Biden on Wednesday announced a fresh US infusion of $ 1 billion in weapons for Ukraine that includes anti-ship rocket systems, artillery rockets, howitzers and ammunition. In a phone call with Ukraine President Volodymyr Zelenskiy, Biden said he told the embattled leader about the new weaponry. “The United … Read more

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, US yields off decade top China economic data slightly beat forecasts, still weak LONDON / SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European … Read more

Tasty name but no Big Mac as rebranded McDonald’s restaurants open in Russia

June 12 (Reuters) – It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the filet-of-fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday as McDonald’s (MCD.N) restaurants flung open their doors … Read more

ECB signals rates lift-off, eyes bigger move in September

Promises 25 bps July rate hike Says will hike again in Sept and bigger move possible Inflation rising, broadening Lagarde press conference at 1230 GMT FRANKFURT / AMSTERDAM, June 9 (Reuters) – The European Central Bank ended a long-running stimulus scheme on Thursday and said it would deliver next month its first interest rate hike … Read more