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BRUSSELS—European officials are scrambling to lock down energy supplies they would need to keep their economies churning if hostilities around Ukraine imperil natural gas piped from Russia, and have turned to the U.S. for help finding backup sources beyond Moscow’s control. In recent weeks, as Russia has positioned more than 100,000 troops near Ukraine, European Union energy officials have huddled with U.S. counterparts and are jetting to gas producers including Azerbaijan and Qatar to hunt for fallback sources.
Organizations: European Union Locations: BRUSSELS, Ukraine, Russia, European, Azerbaijan, Qatar
The nuanced Kremlin reaction made clear that Russia was not rejecting the U.S. and NATO responses out of hand or closing the door to diplomacy. The Russian foreign ministry said the best way to reduce tensions was for NATO to withdraw forces from eastern Europe, but also sought to quash fears of an invasion. Russia is the world's second-largest oil producer, and the crisis over Ukraine has fanned fears that energy supplies to Europe will be disrupted. Ukrainian, Russian, German and French diplomats discussed the conflict in eastern Ukraine in Paris on Wednesday and agreed more talks should be held in Berlin in two weeks. He said Moscow believed Washington was preparing to deploy short and intermediate range missiles to Europe and the Asia-Pacific region.
Persons: Jan, Dmitry Peskov, Russia's, Alexei Zaitsev, Peskov, Volodymyr Zelenskiy, Joe Biden, Sergey Pivovarov Read, Mevlut Cavusoglu, Dmytro Kuleba, Sergei Lavrov, Vladimir Putin, Putin, Vladimir Ermakov, Biden, Nikolaj Skydsgaard, Natalia Zinets, Pavel Polityuk, Matthias Williams, Dmitry Antonov, Maxim Rodionov, Vladimir Soldatkin, Alexander Marrow, Mark Trevelyan, Timothy Heritage, Nick Macfie, Gareth Jones Organizations: NATO, U.S, Reuters, Kyiv, Russian, REUTERS, Ukraine's, NATO REDEPLOYMENTS TASS, Thomson Locations: Moscow, Ukraine, MOSCOW, Russia, United States, Europe, Russian, Ukrainian, Rostov, U.S, Turkey, Turkish, Ankara ., Crimea, Paris, Berlin, Washington, Asia, Pacific, Lithuania, Denmark, Estonia, Copenhagen, Ankara, Kyiv
Several European countries have lifted or relaxed Covid-19 restrictions, citing the milder symptoms being caused by the Omicron variant in vaccinated people—even as daily infections continued to surge in some countries and a new version of Omicron was identified as spreading in places. In the U.S., the number of recorded cases and the number of patients with Covid-19 in hospitals slipped further, while the number of recorded Covid-19 deaths rose to its highest since early last year. The daily average of Covid-19 deaths recorded over the seven days to Wednesday was 2,301, the highest figure since February.
Organizations: Omicron Locations: U.S
An advertising board is seen during the first demonstration of the technology 5G in Lisbon, Portugal June 4, 2018. The highest indicative bid came in at just above 6 billion euros and included a premium based on Altice Portugal's market dominance, one of the sources said. A spokesperson for Altice said the company's Portuguese assets "were not for sale and are not for sale". read more"Altice needs to sell assets to focus more on other markets, such as Britain," the source said. "The company has a package of assets which are constantly being reviewed ahead of a possible sale and the Portuguese unit was - and still is - part of it."
Persons: Rafael Marchante, Patrick Drahi, Altice, Lazard, Pamela Barbaglia, Sergio Goncalves, Mathieu Rosemain, Kirsten Donovan Organizations: REUTERS, Reuters, Capital Partners, Telefonica, BT, Thomson Locations: Lisbon, Portugal, Europe, France, Britain, Portuguese, London, Paris
A screen displays the Fed rate announcement as a specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 26, 2022. read moreTech-heavy Nasdaq futures rose 0.4%. Fed Chair Jerome Powell warned inflation remains above its long-run goal and supply problems are bigger and more long-lasting than previously thought. read moreTraders priced in nearly five rate increases by December after the Fed announcement, after previously fully pricing for four. ET, Dow e-minis were up 43 points, or 0.13%, S&P 500 e-minis were up 14.25 points, or 0.33%, and Nasdaq 100 e-minis were up 62.5 points, or 0.44%.
Persons: Brendan McDermid, William Ackman, Jerome Powell, they've, Thomas Hayes, Bansari Mayur, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Intel, Netflix, Dow, Nasdaq, Federal Reserve, Netflix Inc, Microsoft, Fed, Great, Capital, Tesla Inc, chipmaker Intel Corp, Dow e, ServiceNow Inc, Thomson Locations: New York City, U.S, megacap, New York, Ukraine, The U.S, Europe, Moscow, Bengaluru
The fashion houses of Paris and Milan are back on the runway this week, hosting their elaborate annual wintertime shows despite the rapid spread of the Omicron variant, another sign that parts of Europe are looking beyond the current Covid-19 wave and getting back to business. Chanel SA sent a horse down the catwalk at its lavish in-person fashion show Tuesday night in Paris, part of Haute Couture Week there. Last week, Louis Vuitton unveiled a posthumous collection by its late artistic director, Virgil Abloh, who died late last year. Kenzo, another brand owned by LVMH Moët Hennessy Louis Vuitton SE, debuted its first collection by newly appointed creative director Nigo on Sunday.
Persons: Louis Vuitton, Virgil Abloh, Kenzo, LVMH Moët Hennessy Louis Vuitton, Nigo Organizations: Chanel SA, Haute Couture Locations: Paris, Milan, Europe, Haute
But he said U.S. and NATO statements that Russia's main demands were unacceptable did not leave much room for optimism. The nuanced Kremlin reaction made clear that Russia was not rejecting the U.S. and NATO responses out of hand or closing the door to diplomacy. Russia denies planning to invade Ukraine but says it wants to enforce "red lines" to protect its own security. He has warned of an unspecified "military-technical response" - something defence analysts say could relate to missile deployments - if Russia's demands are ignored. Ermakov said Moscow believed Washington was preparing to deploy short and intermediate range missiles to Europe and the Asia-Pacific region.
Persons: Jan, Dmitry Peskov, Peskov, Sergey Pivovarov Read, Antony Blinken, Washington, Dmytro Kuleba, Kuleba, Sergei Lavrov, Lavrov, Putin, Russia's, Vladimir Ermakov, Ermakov, Nikolaj Skydsgaard, Mark Trevelyan, Timothy Heritage, Gareth Jones Organizations: Kremlin, U.S, NATO, Russian, REUTERS, Kyiv, Beijing, TASS, Thomson Locations: Moscow, Ukraine, MOSCOW, Russia, United States, Washington, Europe, Rostov, U.S, Ukrainian, Kyiv, Russian, China, Asia, Pacific, Copenhagen
The United States said it had offered a “diplomatic path forward” in the standoff with Russia over Ukraine. In a series of bold security demands last month, the Kremlin asked that NATO deny membership to Ukraine and other ex-Soviet countries and roll back its military deployments in Central and Eastern Europe. Ambassador to Russia John Sullivan hand-delivered a response to the Russian security demands in Moscow on Wednesday. Alexander Zemlianichenko / APNATO also conveyed its written proposals to Russia, NATO Secretary General Jens Stoltenberg said late Wednesday. Meanwhile, Russia continued to enlarge its military presence near its borders with Ukraine, intelligence and defense officials told NBC News.
Persons: Vladimir Putin, Antony Blinken, Biden, won’t, Russia John Sullivan, Alexander Zemlianichenko, Jens Stoltenberg, Stoltenberg, Dmitry Peskov, Alexander Grushko, Russia’s, Dmitry Medvedev, Medvedev, Putin, Ria, , Organizations: Kremlin, NATO, Washington, U.S, NBC News, Intelligence Locations: States, Russia, Ukraine, Moscow's, Europe, Central, Eastern Europe, Moscow, U.S, , Belarus, Minsk
The Robert Koch Institute for infectious diseases reported 203,136 positive tests in the last 24 hours, 69,600 cases more than the same day a week ago. Register now for FREE unlimited access to RegisterThe rising number of infections has led to staffing shortages in sectors including logistics, healthcare and child care. on Thursday, adding that up to 15% of cargo at Frankfurt was affected by delays. The German Hospitals Federation had warned earlier this week that three-quarters of hospitals were reporting higher than usual numbers of staff out on sick leave. German lawmakers debated on Wednesday whether to impose compulsory COVID-19 shots, while protesters gathered outside the parliament building.
Persons: Jan, Robert Koch, Olaf Scholz, Emma Thomasson, Ilona Wissenbach, Maria Sheahan, Miranda Murray, Kim Coghill, Mark Heinrich Our Organizations: Lufthansa Cargo, DHL, German Hospitals Federation, liberal Free Democrats, Thomson Locations: Germany, Frankfurt, United States, Canada, Europe, Leipzig, France, Italy, Spain
LONDON — European stocks are expected to plunge at the open on Thursday as global markets react badly to the latest monetary policy decision from the U.S. Federal Reserve. Global markets are reacting badly to the Federal Reserve's indication on Wednesday that it could soon raise interest rates for the first time in more than three years. The Fed's policymaking group said a quarter-percentage point increase to its benchmark short-term borrowing rate is likely forthcoming. U.S. stock futures fell Wednesday night; futures tied to the Dow erased earlier gains and declined 398 points, or 1.17%. Asia-Pacific markets fell across the board on Thursday overnight.
Persons: Germany's DAX, Dow, Jeff Cox, Tanaya Macheel, Abigail Ng Organizations: U.S . Federal Reserve, CAC, IG, Global, Federal, Market, Nasdaq, Nikkei, Hang Seng, Deutsche Bank, SAP, Banco Sabadell, Diageo, STMicroelectronics, Renault, Nissan, Mitsubishi, CNBC, CNBC Pro Locations: U.S, Asia, Pacific, South Korea, Hong Kong, Europe, LVMH, easyJet
Gold held steady on Thursday following a sharp drop in the last session, as safe-haven demand driven by concerns over Ukraine countered gains in the U.S. dollar and Treasury yields as the Federal Reserve signaled interest rate hikes starting in March. Higher yields and interest rate hikes dent the appeal of bullion by raising the opportunity cost of holding non-interest paying gold. The dollar index, as measured against six major trading currencies, rose to a level last seen on Nov. 22. "Heightened geopolitical tensions have spurred some safe-haven interest, but gold prices tend to hold their value rather than rally significantly amid such a flight to safety," said Standard Chartered analyst Suki Cooper. Holdings of the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose to a five-month high on Wednesday.
Persons: Gold, It's, Brian Lan, Jerome Powell, Suki Cooper Organizations: Perth Mint, Ukraine, U.S ., Treasury, Federal Reserve, GoldSilver, . Treasury, United, Holdings Locations: Perth, Australia, United States, Europe, Moscow, Ukraine
Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the U.S. Federal Reserve will tighten monetary policy in the world's biggest oil user. The dollar rose on higher U.S. Treasury yields, lifting the U.S. dollar index, which measures the greenback against major peers, to 96.604, near five-week highs. "Continued supply challenges and mounting Russia-Ukraine tensions continue to support crude oil prices. An increase in crude oil and gasoline inventories in the United States alleviated some of the concerns about supply. Gasoline stockpiles rose by 1.3 million barrels last week to 247.9 million barrels, the EIA said, the most since February 2021.
Persons: Brent, WTI, Vivek Dhar, Commonwealth Bank's Dhar, Howie Lee Organizations: U.S ., U.S . Federal, greenback, Brent, . U.S . West Texas, Federal Open Markets, Commonwealth Bank, Treasury, U.S, omicron, OPEC, OCBC, Energy Information Administration, EIA Locations: Dyurtyuli, Republic of Bashkortostan, Russia, ., Ukraine, Europe, Commonwealth, OPEC, Covid, Singapore, United States
Russia has demanded NATO pull back troops and weapons from eastern Europe and bar its neighbour Ukraine, a former Soviet state, from ever joining. DIALOGUEIn Paris, diplomats from Russia, Ukraine, France and Germany held more than eight hours of talks on ending a separatist conflict in eastern Ukraine, part of the wider crisis between Moscow and Kyiv that risks becoming a full-scale war. 1/3 U.S. Secretary of State Antony Blinken speaks about Russia and Ukraine during a briefing at the State Department in Washington, U.S., January 26, 2022. A day after the U.S. delivered Javelin anti-tank missiles, launchers and other hardware to Ukraine, Germany came under criticism for saying it would supply Kyiv with 5,000 military helmets while stopping short of providing weapons. U.S. officials say they are in talks with major energy-producing countries and companies worldwide over a potential diversion of supplies to Europe if Russia invades Ukraine.
Persons: Blinken, Jan, Antony Blinken, Wang Yi, Ned Price, Vladimir Putin, Alexander Grushko, Joe Biden, Putin, Dmitry Peskov, Brendan Smialowski, Peskov, Dmytro Kuleba, Vitali Klitschko, Jen Psaki, Psaki, John Irish, Rami Ayyub, Mark Trevelyan, Gareth Jones, Grant McCool, Michael Perry Organizations: Kremlin, United, Foreign, State Department, NATO, Washington, U.S, Putin, REUTERS Read, Wednesday, . State Department, White, United States, Reuters, Thomson Locations: Kremlin Russia, Ukraine, Paris WASHINGTON, MOSCOW, United States, Europe, Moscow, U.S, Russia, Soviet, Washington, Britain, Paris, France, Germany, Kyiv, Normandy, Berlin, Washington , U.S, Belarus
BECOMING ENDEMICConservative lawmaker Andrew Bridgen told Reuters that further COVID-19 restrictions were "unlikely, unnecessary and politically impossible". Johnson himself told lawmakers last week: "As COVID becomes endemic, we will need to replace legal requirements with advice and guidance." Graham Medley, chair of the government's COVID modelling group, told Reuters that when Plan B was introduced, the severity of Omicron and the impact of boosters had been unclear. It's not just about living with COVID," said Matthew Ashton, Director of Public Health at Liverpool City Council. I definitely feel like we're on the journey towards living safely with COVID - but I don't think we're there yet."
Persons: Johnson, UKHSA's, Boris Johnson, COVID lockdowns, Andrew Bridgen, Graham Medley, Medley, Harkishan Mistry, We've, Mistry, Sajid Javid, It's, Matthew Ashton, Nick Thomas, Alistair Smout, Elizabeth Piper, Clara, Laeila, Kevin Liffey Organizations: Omicron, Health Security Agency, Reuters, Conservative, Aris Katzourakis, Oxford University, National Health Service, Public Health, Liverpool City Council, Thomson Locations: England, Bradford, Europe, Witney, London, Madrid
Some even argue China's economy could even emerge stronger than ever if it keeps Omicron at bay. China had 4.7 million registered nurses at the end of 2020, or 3.35 per 1,000 people, official data showed. Experts in China and overseas have also cast doubt on the hope that Omicron represents the final stage of the pandemic. Hong Kong's "zero-COVID" approach has put the Chinese-controlled city out of step with other global finance centres and is battering its economy. Still, China's economy has remained resilient, with GDP growth at 8.1% last year, far exceeding expectations.
Persons: Thomas Peter, Liang Wannian, Kristalina Georgieva, Jaya Dantas, Wu Zunyou, epidemiologist, Raina MacIntyre, lockdowns, MacIntyre, David Stanway, Lincoln Organizations: REUTERS, National Health Commission, International Monetary Fund, Curtin School, Population Health, United, Omicron, Disease Control, Beijing, Global Times, University of New, Kirby Institute, Reuters, Thomson Locations: Beijing, China, SHANGHAI, Perth, Australia, United States, Britain, University of New South Wales, Europe
U.S.'s Blinken holds talks with China's Wang on Ukraine risks
  + stars: | 2022-01-27 | by ( )   time to read: +1 min
U.S. Secretary of State Antony Blinken speaks about Russia and Ukraine during a briefing at the State Department in Washington, U.S., January 26, 2022. Brendan Smialowski/Pool via REUTERSJan 26 (Reuters) - U.S. Secretary of State Antony Blinken spoke to Chinese Foreign Minister Wang Yi about Ukraine on Wednesday, highlighting global security and the economic risks that could stem from further Russian aggression, the State Department said. "Secretary Blinken ... conveyed that de-escalation and diplomacy are the responsible way forward," department spokesman Ned Price said in a statement. Global security and the economic risks posed by further Russian aggression against Ukraine figured in the talks, the department added. The United States and its NATO allies reject that but say they are ready to discuss other topics such as arms control and confidence-building measures.
Persons: Antony Blinken, Brendan Smialowski, Wang Yi, Blinken, Ned Price, Akriti Sharma, Clarence Fernandez, Robert Birsel Organizations: State Department, REUTERS, Foreign, Global, United, NATO, Thomson Locations: Russia, Ukraine, Washington , U.S, United States, Europe, Moscow, Soviet, Bengaluru
Senior Chinese diplomat calls for calm in Ukraine
  + stars: | 2022-01-27 | by ( )   time to read: +1 min
BEIJING, Jan 27 (Reuters) - China's Foreign Minister Wang Yi said on Thursday that all parties involved in the Ukraine issue should remain calm and refrain from actions that stir tension and hype up the crisis, as he held talks with U.S. Secretary of State Antony Blinken. Russia has demanded that NATO pull back troops and weapons from eastern Europe and bar its neighbour Ukraine, a former Soviet state, from ever joining. Washington and its NATO allies reject that position, but say they are ready to discuss topics such as arms control and confidence-building measures. read moreOne country's security cannot be at the expense of the security of other countries, and regional security cannot be guaranteed by strengthening or even expanding military blocs, Wang told Blinken by telephone. read moreRegister now for FREE unlimited access to RegisterReporting by Ryan Woo; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
Persons: Jan, Wang Yi, Antony Blinken, Wang, Ryan Woo, Clarence Fernandez Organizations: China's, U.S, NATO, Washington, Thomson Locations: BEIJING, Ukraine, Russia, Europe, Soviet
Pan-region Euro Stoxx 50 futures tumbled 2.88%, FTSE futures lost 1.98%, Nasdaq futures dropped 1.73% and S&P 500 e-minis shed 1.56%. Fed funds futures showed traders pricing in as many as five hikes by December, after previously fully pricing for four increases. YIELDS JUMPExpectations of Fed tightening sent the policy-sensitive U.S. 2-year yield to a top of 1.1920% in Asian trade, a level last reached in February 2020. These in turn helped the dollar, lifting the dollar index, which measures the greenback against major peers, to 96.604, near five-week highs. The spread between the U.S. and Japanese 2-year yield widened to 124.22 basis points on Thursday, its highest since late February 2020.
Persons: Powell, David Chao, Chao, Hong, HSI, we've, it's, Matt Simpson, Simpson, Andrew Galbraith, Alun John, Richard Pullin Organizations: SHANGHAI, Federal, Nasdaq, Asia Pacific, country's, Nikkei, Index, U.S, United, Brent, . West Texas, White, Thomson Locations: Asia, Japan, Russia, Ukraine, Invesco, U.S, Tokyo, Sydney, United States, Europe, Moscow, Hong Kong
Belgian e-bike startup Cowboy has raised $80 million in Series C funding. Existing investors, including Tiger Global and Index Ventures, backed the latest round. High-end e-bike startup Cowboy has raised $80 million in fresh funds as it looks to take advantage of the booming urban mobility market. In Europe, direct-to-consumer e-bike sales are set to reach 17 million units sold annually by 2030, up from 3.7 million in 2019. The new funds come in from Exor, HCVC, and Siam Capital, alongside funding from existing investors, including Tiger Global, Index Ventures, Eothen, Isomer Opportunities Fund, Future Positive Capital, and Triple Point Capital.
Persons: it's, Adrien Roose, Cowboy, we're, Roose Organizations: Tiger Global, Index Ventures, Tiger, Ventures, NPD, Positive, Triple Point Locations: Belgian, Europe, Exor, Siam, Paris, Berlin
Former U.K. prime minister and current U.N. special envoy for global education, Gordon Brown, told CNBC that the world must come together to find the $4.4 billion needed to address the humanitarian crisis in Afghanistan. Global education crisisBrown also told CNBC that there's a global education crisis that will affect economies, the ability to have a productive workforce and the standard of living of the entire population if no action is taken. He said Africa is a region particularly affected by the crisis in global education. Building a highly skilled workforceBrown told CNBC that the countries that are going to be successful in the future are the ones with highly skilled workers. Gordon Brown, United Nations special envoy for global education, speaks on the launch of the International Finance Facility for Education on May 11, 2018.
Persons: Gordon Brown, Brown, they've, Gordon Brown U.N, it's, Antonio Guterres, we've Organizations: CNBC, of Education, World Bank, United Nations, International Finance Facility, Education Locations: Afghanistan, Britain, Europe, America, Africa
Spirits maker Diageo posts 16% rise in first-half sales
  + stars: | 2022-01-27 | by ( )   time to read: +1 min
Diageo, the maker of Johnnie Walker whisky and Tanqueray gin, on Thursday said that first-half sales rose nearly 16% as more consumers bought high-end spirits and bars increased orders as they reopened after coronavirus lockdowns. Operating profit increased by 22.5% to 2.7 billion pounds ($3.62 billion) in the six months to Dec. 31, with its operating margin up by 190 basis points, Diageo said. Net sales rose 15.8% to 8 billion pounds. The world's largest spirits maker has benefited from shoppers stocking up on spirits and beers at home during the COVID-19 pandemic, often trading up to more expensive types of alcohol. Then as lockdowns have eased, particularly Europe and North America, bars have had to restock, buying more than the previous year.
Persons: Johnnie Walker, coronavirus, Remy Cointreau Organizations: Diageo Locations: Europe, North America, China, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPutin has been 'rather careful' with Germany in his threats of a gas supply cutoff: Ex-Swedish PMCarl Bildt, co-chair of the European Council on Foreign Relations and former prime minister of Sweden, discusses what the implications might be for Europe if Russia cuts off gas supplies in response to the Ukraine crisis.
Persons: Putin, Carl Bildt Organizations: Germany, European Council, Foreign Relations Locations: Swedish, Sweden, Europe, Russia, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's former energy secretary says Nord Stream 2 is nothing more than a way to hold Europe hostageFormer U.S. Energy Secretary Rick Perry shares his views on the Nord Stream 2 gas pipeline amid fears Russia may invade Ukraine.
Persons: Rick Perry Organizations: Former U.S . Energy Locations: Nord, Russia, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's former energy secretary says Biden's contingency plan to divert gas to Europe won't workFormer U.S. Energy Secretary Rick Perry discusses President Joe Biden's efforts to divert gas to Europe amid fears Russia will invade Ukraine.
Persons: Rick Perry, Joe Biden's Organizations: U.S . Energy Locations: Europe, Russia, Ukraine
The battery maker said it will use the investment for battery technology development and to help establish production capacity in Europe. Solid-state batteries use thin layers of solid electrolytes, which carry lithium ions between electrodes. Other Mercedes-Benz battery partners include Factorial Energy, Automotive Cells Co and Farasis Energy. ProLogium said it aims to accelerate development of a new plant by the end of 2022 to move toward mass production of its solid-state battery. In October, the battery maker raised $326 million in its latest funding round from investors including Primavera Capital Group and SoftBank China Venture Capital.
Persons: Andreas Gebert SHANGHAI, Daimler AG's, ProLogium, Markus Shafer, Zhang Yan, Brenda Goh, Christopher Cushing Organizations: Mercedes, Benz, Benz Museum, REUTERS, ProLogium, Daimler, EV, Tesla Inc, Energy, Automotive Cells Co, Farasis Energy, NIO Inc, Primavera Capital, SoftBank China Venture Capital, Thomson Locations: Stuttgart, Germany, Europe
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