Yellen: It is not legal for the United States to seize official Russian assets

Treasury Secretary Janet Yellen said on Wednesday that the United States had no legal authority to seize Russian Central Bank assets frozen over its invasion of Ukraine, but was in talks with U.S. partners about ways to make Russia. Pay the bill for post-war reconstruction in Ukraine began. Yellen also said that a special license … Read more

How Turkey spoiled NATO’s historic moment with Finland and Sweden

Turkey surprised NATO allies Finland and Sweden hope for rapid accession Turkish President Cavusoglu meets with his US counterpart Blinken ISTANBUL/WASHINGTON/BRUSSELS, May 18 (Reuters) – When Finland and Sweden signaled they were considering the historic decision to join NATO, the alliance expected a tough response from Moscow, not from it. However, at a meeting of … Read more

Dollar Rises, Stocks Fall As Inflation Tensions Return

NEW YORK/LONDON (Reuters) – The dollar strengthened and global stocks fell on Wednesday as concerns about economic growth and rising inflation soured sentiment as British consumer prices rose 9% and prices accelerated more than expected. in Canada. British inflation climbed to its highest annual rate since 1982 as energy bills soared, while Canadian inflation surged … Read more

Facts: How the EU plans to abandon Russia’s fossil fuels

Pictures of solar panels are taken at a solar park in Saelices, Spain, May 11, 2022. The image was taken with a drone. Photograph: Guillermo Martinez/Reuters Register now to get free unlimited access to Reuters.com Register (Reuters) – The European Union published plans on Wednesday to end its dependence on Russian gas, oil and coal … Read more

Finland and Sweden have applied to join NATO and are facing Turkish objections

The request was submitted to NATO headquarters A move was seen redrawing the geopolitical map of Europe The Ukraine war, due to decades of non-alignment, has caused turmoil in politics Countries seeking to resolve Turkish objections to NATO bids BRUSSELS (Reuters) – Finland and Sweden formally applied to join NATO on Wednesday at the allies’ … Read more

Ukrainian defenders emerge from the ruins of Mariupol to an unknown fate as the siege ends

Ukrainian soldiers, many of whom were wounded, took buses to Russian-controlled towns “The defenders of Mariupol are the heroes of our time” – Ukrainian Army Finland and Sweden prepare to submit NATO requests Macron pledges more weapons to Kyiv MARIPOL, Ukraine, May 17 (Reuters) – More than 250 Ukrainian fighters have surrendered to Russian forces … Read more

Analysis: White House balances inflation and farmers in new biofuel mandates

May 16 (Reuters) – The White House is expected to announce in coming weeks how much biofuels like corn ethanol that U.S. refiners will have to blend into their fuel this year, a decision that will force it to balance taming consumer inflation against subsidizing the nation’s farmers. How the administration balances competing priorities could … Read more

Stock markets struggle as worries grow about the economy

LONDON (Reuters) – European shares fell on Monday and Wall Street headed for a lower open, as investor sentiment struggled to recover from last week’s heavy selling amid fears of slowing economic growth. Global stocks hit an 18-month low last week, as investors worried that higher interest rates to counter high inflation would hurt the … Read more

Ukraine attacks Russian forces in the east

NATO chief says Russian attack will not be planned The Russian Donbass Campaign Lost Its Momentum – British Army Finland confirms its offer of NATO membership RUSSKA LOZOVA, Ukraine (Reuters) – Ukraine launched a counterattack on Russian forces on the eastern front on Monday, with battles reported near its second city Kharkiv, after Western military … Read more

June 1 Shanghai aims to get back to normal as COVID lockdown disrupts economy

Shanghai aims to lift COVID lockdown on June 1 City residents are frustrated with changing schedules China’s retail sales and industrial production fell in April SHANGHAI/BEIJING (Reuters) – Shanghai on Monday laid out plans to end the painful COVID-19 lockdown that has lasted more than six weeks, which has hit China’s economy hard, and to … Read more