The United Nations Security Council will convene on Friday at the request of Russia to discuss damage to two Russian gas pipelines to Europe that has caused gas to spew into the Baltic Sea. The French U.N. mission, which holds the presidency of the 15-member council for September, said the meeting would address the Nord … Read more
The euro fell and was testing a two-decade low on Monday after Russia’s indefinite closure of its main gas supply pipeline to Europe stoked fears of energy shortages, high prices and a hit to growth, while the U.S. dollar index hit a 20-year high. The euro touched $0.9903 in early Asia, just above last month’s … Read more
Oil prices edged up on Thursday, extending gains from the previous session, buoyed by lower crude inventories and higher gasoline demand in the United States. Brent crude futures for September rose 40 cents, or 0.4%, to $107.02 a barrel by 0010 GMT, after gaining $2.22 on Wednesday. U.S. West Texas Intermediate crude (WTI) was at … Read more
A leading contender to succeed Angela Merkel as German chancellor this fall has called for “dialogue and toughness” toward China when it comes to defending democratic values and human rights. Annalena Baerbock, the environmentalist Greens’ candidate for chancellorship, told the weekly Frankfurter Allgemeine Sonntagszeitung that Europe should use its economic might to block Chinese goods … Read more