BUSINESS

Indian climber dies on Himalayan peak

The European Commission proposed changes to its planned embargo on Russian oil to give Hungary, Slovakia and the Czech Republic more time to shift their energy supplies, EU sources said, although failed to reach a breakthrough on Friday.

Closing the 'escape valve': Venezuela pursues de-dollarization

Japan's airlines are betting on a travel recovery this summer after the COVID-19 doldrums, as many Japanese look to head overseas for the first time in years now that fully vaccinated residents no longer face quarantine curbs on their return.

Shares in EuroAPI, the drug ingredients business spun off from Sanofi, rose on their Paris stock market debut on Friday, defying a wider market decline.

Bulgaria industry on tenterhooks after Russia gas cut

British Airways-owner IAG has scaled back plans to ramp up short-haul capacity at Heathrow airport, saying a cut of around 5% to its summer schedule would provide stability for passengers and avoid disruptions seen earlier in the year.

British Airways-owner IAG cut back plans to ramp up short-haul flights to avoid disruption at Heathrow airport this summer, sending its shares skidding 8% on Friday after admitting it doesn't have enough staff to cope.

U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has shipped more refined products abroad to supply European markets following Russia's invasion of Ukraine.

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off.

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off.

Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money that kept them afloat for more than a decade is switched off.

Fears mount for China's economy as leaders dig in on zero-Covid

A massive two-day swing in U.S. stocks highlights a trend that some market participants believe will be a hallmark for months to come: intense volatility.

CATL, the world's largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries, an investment that would mark the Chinese company's first production in the world's second-largest car market, two people with knowledge of the plans told Reuters.

The U.S. unemployment rate likely dropped to its pre-pandemic low of 3.5% in April, while job growth moderated to a still brisk pace amid widespread worker shortages, underscoring the challenge the Federal Reserve faces to curb high inflation.

Officials and lawmakers negotiating an overhaul of the EU carbon market are struggling to reach a compromise over plans to levy CO2 costs on suppliers of polluting fuels, potentially putting the bloc's climate change targets at risk.

US sending Ukraine more weapons, dozens evacuated from steelworks

Global stocks mostly fall despite solid US jobs data

The dollar slipped against a basket of currencies on Friday after two volatile days as investors focused on how aggressive the Federal Reserve might be in hiking rates as it tackles rising inflation.

The dollar edged down on Friday but remained near 20-year highs against major peers, while the euro jumped on European Central Bank members talking up a return to positive rates this year.

The dollar was headed for a fifth winning week versus major peers on Friday, ahead of closely watched U.S.

The dollar index hovered near 20-year highs against major peers on Friday, as market sell-offs in the face of global recession fears propped up the safe haven currency.

The dollar was headed for a fifth winning week against major peers on Friday, ahead of a closely watched U.S.

Oil prices rose nearly 1.5% on Friday, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.

Oil prices rose almost 1.5% on Friday, settling with a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth.

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned prices ahead of an impending European Union embargo on Russian oil.

Oil prices dipped at the start of Asian trade on Friday as worries about an economic downturn that could dampen demand for crude vied with concerns over new sanctions from the European Union against Russia, including an embargo on crude oil.

Oil prices rose more than 1% on Friday and were set to rise for a second consecutive week, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply.