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EU to strengthen carbon levy on high-emission imports

BRUSSELS, Dec 17 - The European Union will expand its carbon border levy - a fee charged on imports of high-emission goods - to cover car parts and washing machines, under European Commission...

Russia-China Far Eastern gas route construction progressing, China ambassador to Russia tells RIA

Construction is progressing on a planned Far Eastern route to supply Russian natural gas to China, Beijing's ambassador to Moscow, Zhang Hanhui, told Russia's RIA news agency in remarks published on...

Oil rises as Trump's Venezuela blockade takes edge off global crude surplus concerns 

Oil prices rallied by more than 1% on Wednesday after U.S. President Donald Trump ordered a blockade of all oil tankers under sanctions entering and leaving Venezuela, raising global political...

EU to widen carbon border levy to close loopholes on polluting goods, draft shows

The European Union plans to extend its carbon border levy to cover car parts, refrigerators and washing machines, draft documents seen by Reuters on Tuesday showed, in a bid to close loopholes that...

'Shadow banking' growing at double the rate of traditional lenders, FSB says

The non-bank financial sector's share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board...

Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire

The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels are hit with Western sanctions, shipping sources say, though rates...

Bitcoin hoarding company Strategy remains in Nasdaq 100

Bitcoin hoarding giant Strategy clung to its place in the Nasdaq 100 on Friday, continuing its year-long stint in the benchmark at a time where analysts have raised questions over its business model. ...

EU vote on Mercosur trade deal set for next week, Denmark says

European Union countries are set to vote early next week to determine whether the bloc should sign a contentious trade agreement with South American bloc Mercosur by the end of the year, Denmark,...

South Africa's Mr Price makes European debut through German value retailer deal

South African fashion retailer Mr Price has agreed to buy NKD Group, a German-based discount retailer, for up to 487 million euros , marking its entry into the European market. Mr Price...

EU countries' ambassadors approve phase out of Russian gas imports

European Union countries' ambassadors on Wednesday greenlit the bloc's plan to phase out Russian gas imports by late 2027, a spokesperson for Denmark's EU presidency said, clearing one of the final...

EU strikes deal to weaken corporate sustainability laws

The European Union reached a deal on Tuesday to scale back its corporate sustainability laws, after months of pressure from companies and governments including the United States and Qatar. ...

PetroSA approves Shell as majority partner in block offshore South Africa, document shows

South Africa's legacy national oil company, PetroSA, has approved a deal to give Shell Offshore a 60% stake in its Block 2C, off the country's west coast, a document seen by Reuters showed on Monday. ...

Gazprom delivers first post-sanctions LNG cargo from Portovaya to China, data shows

Russian energy giant Gazprom has delivered a liquefied natural gas cargo from Portovaya LNG plant to China, in the first such shipment since the United States introduced sanctions against the project...

Stocks, bonds cautiously hopeful Fed will deliver

Share and bond markets seemed guardedly optimistic on Monday that the Federal Reserve would deliver a much-needed rate cut this week, though the meeting looks set to be one of the most fractious in...

German foreign minister heads to Beijing as Berlin toughens China stance

German Foreign Minister Johann Wadephul heads to China on Monday for his first visit as Berlin toughens its stance on Beijing over trade disputes and geopolitical conflicts, in line with European...

German foreign minister to discuss rare earths, steel in China visit

Germany's foreign minister plans to tackle critical issues such as rare earths and steel during an upcoming trip to China, he said on Sunday, highlighting the challenge for Berlin in dealing with what...

US owner of major Russian agriculture firm says no plans to sell up

U.S. company NCH Capital said on Friday that it has no plans to sell major Russian agricultural producer AgroTerra, after the head of Russia's second-largest bank said it was in talks to buy the...

Glenfarne finalizes 20-year LNG supply deal with South Korea's POSCO

Glenfarne's Alaska LNG unit said on Thursday it finalized an agreement to supply 1 million tonnes per annum of liquefied natural gas to South Korean trading firm POSCO International for 20 years from...

Aurubis reports lower annual profit as copper output slows

Europe's largest copper producer Aurubis reported annual operating core profit just below market expectations on Thursday, weighed down by lower concentrate throughput at reduced treatment and...