The West wants to move forward with Russian oil. Inflation makes that difficult

New York CNN Business † Europe and the United States have banned imports of Russian oil to cut off a vital source of income for the Kremlin. But the plan to hurt President Vladimir Putin and force him to reconsider his war in Ukraine has not worked. Russia makes the same amount of money energy … Read more

Russia slides into default as payment deadline expires

The clock on Spasskaya Tower that tells the time at noon is pictured next to the Moscow Kremlin and St. Basil’s Cathedral, March 31, 2020. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register The grace period ends on a $100 million interest payment due May 27 Russia says it has money to … Read more

French energy companies argue for ‘immediate’ reduction of energy consumption

A pair of storks stand in a nest on top of a power pylon power lines in front of a chimney of the Electricite de France (EDF) Cordemais coal-fired power plant in Bouee, France, Feb. 25, 2022. REUTERS/Stephane Mahé Register now for FREE unlimited access to Reuters.com Register PARIS, June 25 (Reuters) – Individual consumers … Read more

Zurich Insurance sells German backbook to Viridium

ZURRICH, June 24 (Reuters) – Zurich Insurance Group (ZURN.S) is selling its life insurance legacy back book portfolio in Germany to Viridium Holding, the companies announced Friday. Viridium, which specializes in managing such portfolios, said the deal includes about 724,000 policies and 21 billion euros ($22.12 billion) in assets under management. It will pay just … Read more

Inflation sparks global wave of protests for higher wages, aid

Rising food costs† Rising fuel bills. Wages that don’t keep pace. Inflation is plundering people’s wallets and sparking a wave of protests and workers’ strikes around the world. Only this week there were protests from the political opposition in Pakistan, nurses in Zimbabweunion workers in Belgium, railway workers in Great Britain, indigenous peoples in Ecuadorhundreds … Read more

Suspicious shooting Norway suspected Islamist with psychological problems – police

Police work at the scene after a shooting at a nightclub in central Oslo, Norway, June 25, 2022. Javad Parsa/NTB/via REUTERS Register now for FREE unlimited access to Reuters.com Register OSLO, June 25 (Reuters) – The arrested suspect in a deadly shooting in Oslo is believed to be a radicalized Islamist with a history of … Read more

Norway shooting suspect thinks he is an Islamist with mental health problems – Police | world news

OSLO (Reuters) – The arrested suspect in a deadly shooting in Oslo is believed to be a radicalized Islamist with a history of mental illness, Norway’s PST intelligence agency said on Saturday. The suspect, who has not been named by the police, has been known to security services since 2015, according to the PST. (Reporting … Read more

Monkeypox outbreak grows across Britain

LONDON — British officials said the UK monkeypox outbreak is increasing across the country, mainly among men who are gay, bisexual, or other men who have sex with men. They urged people with new or multiple sex partners to be vigilant for monkeypox symptoms. In a technical briefing released Friday, the UK’s Health Security Agency … Read more

Melbourne’s affordable suburbs are braving decline: Terry Ryder report

The most affordable areas of the city and regional Victoria are showing signs that they will continue to rise as conditions shift and the median slides. Real estate is still going up here. Melbourne’s most affordable suburbs are tipped to keep rising in price as conditions shift and the city’s median falls. According to Terry … Read more

UN chief warns of global food shortage ‘catastrophe’

BERLIN (AP) – The head of the United Nations warned on Friday that the world is facing a “catastrophe” due to the growing shortage of food around the world. UN Secretary-General Antonio Guterres said the war in Ukraine has contributed to the disruptions caused by climate change, the coronavirus pandemic and inequality to create an … Read more