Oil climbs on supply jitters as EU plans Russian oil ban

, LONDON (Reuters) -Oil prices extended gains on Thursday on supply concerns after the European Union laid out plans for new sanctions against Russia, including an embargo on crude in six months, offsetting concerns over weaker Chinese demand.

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05-05-2022

U.S. summer travelers can expect long lines, higher prices as COVID restrictions ease

With more U.S. travelers expected to take to the skies and the roads this summer as COVID restrictions ease, unbridled demand will strain capacity in the leisure and travel industry and push prices even higher.

newspaper

05-05-2022

Didi, Lenovo founders go private on China social media, join retreat from spotlight

The president of Chinese ride-hailing giant Didi Chuxing and her father, the founder of Lenovo, have ended their public presence on China's main social media site, the latest Chinese tech leaders to retreat from the spotlight.

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05-05-2022

Russian rouble hits highest level since March 2020; sanctions talk in focus

The Russian rouble briefly reached its highest level against the U.S. dollar since March 2020 on Thursday, supported by capital controls, while stock indexes also climbed as the market watched developments around possible new sanctions against Moscow.

newspaper

05-05-2022

Oil climbs on supply jitters as EU lays out Russian oil ban

Oil prices extended gains on Thursday on supply concerns after the European Union laid out plans for new sanctions against Russia, including an embargo on crude in six months, offsetting concerns over weaker Chinese demand.

newspaper

05-05-2022

Stellantis revenues jump 12% despite chip crunch, shares up

Revenue for carmaker Stellantis rose 12% in the first three months of the year, beating market expectations as strong pricing and the type of vehicles sold helped offset the impact of the semiconductor shortage on volumes.

newspaper

05-05-2022

German industrial orders fall as Ukraine war dampens demand

BERLIN (Reuters) -German industrial orders fell more than expected in March, driven mainly by a reduction in orders from abroad as the war in Ukraine hit manufacturing demand in Europe's biggest economy, data showed on Thursday.

newspaper

05-05-2022

BMW profit gets lift from Chinese joint venture, strong prices

BMW posted a rise in first-quarter profit on Thursday, boosted by a reevaluation of the German car maker's stake in its Chinese joint venture and strong pricing, and kept its 2022 outlook, despite volatile prices for commodities and energy.

newspaper

05-05-2022

Just Eat Takeaway.com enters exclusive partnership with Domino's in U.K

Just Eat Takeaway.com said on Thursday it has exclusively partnered with Domino’s to become the only food delivery app to offer Domino's pizza in the U.K. and Ireland, according to a statement.

newspaper

05-05-2022