Biden and Xi clash over Taiwan, but military action seen as unlikely

Biden and Xi hold 3-hour Bali meeting before G20 summit Both leaders stress the need to put relations back on track Russia rejects reports of foreign minister being hospitalized Indonesia seeks tangible progress in the global economy in the G20 Ukraine’s Zelensky is scheduled to address the G20 on Tuesday NUSA DUA, Indonesia (Reuters) – … Read more

European debt market pressures force some governments to rewrite trading rules

Oct 31 (Reuters) – Some euro zone countries have relaxed rules for banks that handle the circulation of their government debt to help them weather some of the toughest market conditions in years, officials told Reuters. Of the 11 major eurozone debt agencies contacted by Reuters, officials in the Netherlands and Belgium told Reuters they … Read more

Western officials finalize Russia’s plans to cap oil prices

WASHINGTON (Reuters) – US and Western officials are finalizing plans to put a cap on Russian oil prices amid a warning from the World Bank that any plan would need the active participation of emerging market economies to be effective. Officials said no price range has been set yet, but someone familiar with the process … Read more

Druzhba pipeline leak reduces Russian oil flow to Germany

WARSAW (Reuters) – Germany said on Wednesday it was receiving less oil but still had enough supplies after Poland found a leak in the Druzhba pipeline that takes crude from Russia to Europe, which Warsaw said may have resulted from an accident rather than sabotage. The discovery of the spill on the main route carrying … Read more

Gas crisis plunges LNG shipping market into the hands of energy giants

LONDON/SINGAPORE (Reuters) – The skyrocketing price of liquefied natural gas (LNG) shipping has alienated dozens of small traders, concentrating business in the hands of a handful of major global energy companies and major global trading houses. This grip is not expected to ease until 2026 when more LNG begins to emerge and lower prices, raising … Read more

Sweden’s right prepares for power as prime minister accepts defeat in elections

Register now to get free unlimited access to Reuters.com Register STOCKHOLM (Reuters) – Sweden’s moderate party leader Ulf Christerson said on Wednesday he would start work on forming a new government after Prime Minister Magdalena Andersson conceded her Social Democrats lost the weekend’s general election. The moderates, Sweden Democrats, Christian Democrats and Liberals appear poised … Read more

India’s retail inflation accelerated in August to 7% year-on-year as food prices soared

A worker carries a sack of onions at a wholesale market in Kolkata, India, December 14, 2021. REUTERS/Rupak de Choudhury Register now to get free unlimited access to Reuters.com Register BENGALURU (Reuters) – India’s retail inflation accelerated to 7 percent year-on-year in August, driven by higher food prices, increasing pressure on the central bank to … Read more