Breaking News: Europe
Oil giant Shell reports highest quarterly profit since 2008 on soaring commodity prices
Shell posted adjusted earnings of $9.1 billion for the first quarter of 2022. Ben Stansall | Afp | Getty Images LONDON — Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help U.K. households with […]
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Attacks on Mariupol steelworks intensify as Russia looks to end standoff; fate of Ukraine’s Donbas in the balance
Russian forces renew attacks to seize Ukraine’s last stronghold in Mariupol A destroyed administration building at the Azovstal Iron and Steel Works. Chingis Kondarov | Reuters Russian forces have reportedly renewed their assault on the Azovstal steelworks complex, a last stronghold for Ukrainian fighters in the southern port city of Mariupol, in what is widely […]
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EU proposes gradual ban on Russian oil in sixth round of sanctions against Moscow
European Commission President Ursula von der Leyen speaks during a news conference with High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell, after Russia launched a massive military operation against Ukraine, in Brussels, Belgium, February 27, 2022. Stephanie Lecocq | Reuters The European Commission, the executive arm of the EU, […]
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EU expected to announce sanctions on Russian oil; Mariupol steel plant evacuees reach safety
EU expected to announce sanctions on Russian oil The EU is expected to announce further sanctions on Russia on Wednesday, this time targeting Russian oil imports. The move is difficult for the bloc as some member states, particularly Hungary and Slovakia, are heavily reliant on oil imports from Russia, prompting expectations that these countries could […]
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BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit
BP has further boosted returns to shareholders after net profit jumped to its highest level in more than a decade. Chris J. Ratcliffe | Bloomberg | Getty Images BP on Tuesday reported bumper first-quarter profits and boosted share buybacks, despite posting a massive loss after offloading its nearly-20% stake in Russian-controlled oil company Rosneft. The […]
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This is Ukraine’s ‘finest hour,’ UK says, as it boost military supplies; Russia seen trying to annex eastern regions
Russia’s military now ‘significantly weaker’ because of its invasion of Ukraine A member of the Ukrainian Territorial Defense Forces stands on a damaged Russian tank on the outskirts of Nova Basan village in Ukraine on April 01, 2022. Russia’s invasion on Feb. 24 coincided with what’s known locally as the “muddy road season,” or “Rasputitsa” […]
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Evacuations from besieged Mariupol steelworks continues; explosions heard in Russian border region. Follow our live updates
Explosions heard in Russian city of Belgorod, regional governor says Two explosions took place in the southern Russian city of Belgorod near the Ukrainian border, the region’s governor Vyacheslav Gladkov wrote in a social media post. “There were no casualties or damage,” Gladkov wrote, according to a Reuters translation. Belgorod is home to fuel and […]
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Pelosi visits Kyiv; ruble to be used in occupied Kherson from today, UK says. Follow our live updates
Russia wants to impose ‘strong political and economic influence’ over Kherson, UK says A Ukrainian soldier stands outside a school hit by Russian rockets in a southern Ukraine village. The U.K. Ministry of Defence said Russia has been seeking to legitimise its control of Kherson since seizing it in March. Bulent Kilic | Afp | […]
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Russia forced to merge depleted forces, UK says; Lavrov claims West will fight until ‘the last Ukrainian’
Lavrov claims West will fight until ‘the last Ukrainian’ Russian Foreign Minister Sergey Lavrov made another string of assertions in an interview with Chinese state media agency Xinhua, published Saturday morning. Lavrov claimed that NATO was interfering with a political settlement in Ukraine and that the West intended to fight until “the last Ukrainian,” according […]
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Biden’s $33 billion Ukraine aid request hits early snag over Covid funding in Congress
U.S. Senator John Thune (R-SD) speaks after a Senate republican luncheon on Capitol Hill in Washington, November 10, 2020. Erin Scott | Reuters President Joe Biden’s request for $33 billion in aid to Ukraine hit an early snag on Capitol Hill, where a dispute over immigration policy threatens to hamstring an otherwise urgent ask to […]
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