The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more

Russia’s war on Ukraine latest news: US helps Ukraine restore electricity

Nov 29 (Reuters) – The United States will announce new aid on Tuesday to help Ukraine restore electricity as its population faces another week of brutal cold and darkness after Russian attacks on the power grid caused continued blackouts. DIPLOMACY * A line of communication between the United States military and Russia at the start … Read more

EU fails to reach agreement on Russian oil price cap, diplomats say

BRUSSELS, Nov 28 (Reuters) – European Union governments failed to agree on a price cap for Russian crude oil by sea on Monday, as Poland insisted the cap should be set lower than proposed by the G7 to boost Moscow’s ability to deliver its to finance invasion of Ukraine, diplomats said. “There is no deal. … Read more

The global oil market is signaling near-term weakness ahead of the 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 oil demand and oversupply in the market in the coming months. After months of strength, crude futures are flirting with lows not seen all year as China, the largest oil consumer, introduces … Read more

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, pledging more resources to tackle “disruptive” China as it works with the world’s second-largest economy on climate change and trade issues. The 26-page document outlined spending of C$2.6 billion ($1.9 billion), including to bolster Canada’s military presence and cybersecurity in the region … Read more

Snowy Kiev is struggling with power outages for fear of new attacks

Ukraine is rushing to repair infrastructure hit by Russia Winter starts with an energy shortage of about 20% Party boss says next week could be ‘very difficult’ KYIV, Nov 27 (Reuters) – Snow fell in Kyiv and temperatures hovered around freezing on Sunday, as millions in and around the Ukrainian capital struggled with power supply … Read more

EU resumes talks on Russian oil price cap

By Alex Kimani – November 25, 2022, 12:00 AM CST The European Union is about to resume talks on a price cap for Russian oil, with member states hoping to agree on the details. According to Bloomberg, Russia’s premium grades are currently selling for $52, meaning a $65-$70 range wouldn’t have the desired … Read more

Germany is in talks with allies over Polish insistence on sending Patriots to Ukraine

NATO says the decision on whether to deploy Patriots depends on a specific country Poland asked to send German launchers to Western Ukraine BERLIN/WARSAW, Nov 25 (Reuters) – Germany said on Friday it was discussing with allies Poland’s request to send German Patriot air defense units to Ukraine after the NATO chief suggested the military … Read more

Ukrainians suffer in cold, darkness as the president begs the UN to punish Russia

Most power restored to the capital after the worst power cuts to date US: Russia tries to freeze Ukraine into submission Kiev aims to restore nuclear power plants by the end of Thursday “We are an unbreakable people,” said President Zelensky KYIV, Nov 24 (Reuters) – Ukrainian President Volodymyr Zelenskiy demanded that the United Nations … Read more

Double blasts in Jerusalem have left one dead in a suspected Palestinian attack

At least 14 injured in two explosions at bus stops Hamas praises attack, claims no responsibility Explosions recall bus bombings in 2000-2005 JERUSALEM, Nov. 23 (Reuters) – Two bombs exploded at bus stops on the outskirts of Jerusalem on Wednesday, killing a 16-year-old boy and injuring at least 14 other people in what appeared to … Read more