ECB raises rates by an unprecedented 75 basis points to fight inflation

Join now for FREE unlimited access to Reuters.com Register Increases deposit rate to 0.75% from zero Eurozone inflation uncomfortably high and rising New ECB forecasts show higher inflation and weaker growth Other rate hikes reported Lagarde will speak at 12:45 GMT FRANKFURT, Sept 8 (Reuters) – The European Central Bank raised key rates by a … Read more

Putin calls for review of Ukrainian grain deal, accuses West of deception

Putin accuses Kyiv and West of flouting grain deal Says too much grain goes to EU and not to poor countries Said wants to discuss the evolution of the terms of the agreement Plans to talk to Turkish President about it soon KYIV, Sept 7 (Reuters) – President Vladimir Putin said on Wednesday he wanted … Read more

Power cut after explosions near Ukrainian nuclear power plant, IAEA report expected

Russia and Ukraine accuse each other of bombing a factory The nuclear power plant has been worrying for weeks The UN watchdog will issue a report on this later on Tuesday. Ukraine says Russia is bombing Kharkiv and the city of Zelenskiy KYIV, September 6 (Reuters) – Explosions erupted and power was cut off on … Read more

UK weighs in on huge package of support as Europe battles energy crisis

Manuela Schwesig, Premier of the State of Mecklenburg-Western Pomerania, and Markus Soeder, Premier of the State of Bavaria, visit a pipeline transfer station of the Baltic Sea Pipeline Link near Lubmin, Germany , August 30, 2022. REUTERS / Lisi Niesner Join now for FREE unlimited access to Reuters.com Register UK to freeze energy bills for … Read more

EXCLUSIVE Gazprom says Nord Stream 1 takeover depends on Siemens Energy

Join now for FREE unlimited access to Reuters.com Register Gazprom says the ball is in Siemens Energy’s court Siemens Energy: we don’t understand Gazprom Siemens Energy: not mandated to do maintenance Germany discusses energy rationing Russia: We will send our oil to Asia VLADIVOSTOK, Russia, September 6 (Reuters) – Russia’s biggest gas pipeline to Europe … Read more

New bombings spark nuclear fears as Kyiv and Moscow await UN report

Zaporizhzhia power plant cut off from grid but operating safely – IAEA Zelenskiy warns of near nuclear ‘catastrophe’ day before report Kyiv cites battlefield gains, including city of Kherson province European markets hit hard by closure of Russian gas pipeline KYIV, Sept 5 (Reuters) – Power to a critical nuclear power plant in Ukraine was … Read more

Asian stocks stagnate as investors await more rate action

People walk past an electronic screen showing Japan’s Nikkei stock price index at a conference room in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato/File Photo Join now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 6 (Reuters) – Asian stocks largely wiped out early morning gains on Tuesday afternoon as investors remained cautious … Read more

EU rushes to protect industry as Russia gas shutdown shakes markets

Gas prices in Europe up around 400% compared to a year ago EU states rush to support struggling power companies Disruptions hamper EU efforts to fill storage EU denounces Moscow’s weaponized gas, Russia blames sanctions LONDON/OSLO, Sept 5 (Reuters) – Gas prices in Europe jumped, stocks tumbled and the euro tumbled on Monday after Russia … Read more

Russia’s new gas suspension tightens energy screws on Europe

Pipes from the landing facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany March 8, 2022. REUTERS/Hannibal Hanschke Join now for FREE unlimited access to Reuters.com Register FRANKFURT/LONDON, Aug 31 (Reuters) – Russia cut off gas supplies via a major pipeline to Europe on Wednesday, intensifying the economic battle between Moscow … Read more

Central banks will not be able to control inflation without better fiscal policy, study finds

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo Join now for FREE unlimited access to Reuters.com Register JACKSON HOLE, Wyo., Aug 27 (Reuters) – Central banks will fail to control inflation and could even push price growth higher unless governments … Read more