By Can Sezer and Jonathan Saul ISTANBUL (Reuters) -At least 20 oil tankers queuing off Turkey face more delays to cross from Russia’s Black Sea ports to the Mediterranean as operators race to adhere to new Turkish insurance rules added ahead of a G7 price cap on Russian oil, industry sources said. Turkish maritime authorities …

Oil tankers queuing to transit Turkish straits face more delays -sources Read More »

By Shariq Khan NEW YORK (Reuters) -U.S. oil prices fell in frenzied trading on Tuesday to their lowest settlement levels this year, with Brent finishing below $80 per barrel for the second time in 2022, as investors fled the volatile market in an uncertain economy. Brent crude futures fell $3.33, or 4%, to settle at …

Oil prices slump to pre-Ukraine crisis levels on economic jitters Read More »

By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -Global stocks posted a third straight day of losses and the dollar rose on Tuesday as the market weighed how long the Federal Reserve would keep interest rates high and “restrictive” to the U.S. economy. Stocks on Wall Street fell, with all sectors in the red …

Stocks slide, dollar up as market eye central bank rate policies Read More »

By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar was up slightly against the euro and yen on Tuesday as U.S. stocks sold off, while investors were trying to position for next week’s expected interest rate hike from the U.S. Federal Reserve. The dollar’s activity was also more muted after it rose sharply in …

Dollar inches higher after previous day’s jump; investors look to Fed next week Read More »

By Martin Coulter LONDON (Reuters) – Tony Fadell, a well-known Silicon Valley executive known as the father of the iPod, on Tuesday unveiled his latest project – a hardware wallet used to store cryptocurrency offline. Fadell, 53, spent almost a decade at Apple under Steve Jobs, where he oversaw the design of the portable music …

Man behind the iPod launches new cryptocurrency wallet Read More »

By Joanna Plucinska PARIS (Reuters) -EasyJet on Tuesday averted a French cabin crew strike over the Christmas holidays after it agreed to raise base pay by 7.5% while paying an additional 3,000 euro ($3,152) bonus to staffers. The concession highlights the continued pressure on easyJet and airlines to agree better terms and wages to retain …

EasyJet averts cabin crew strike in France as it clinches deal with unions Read More »

LONDON (Reuters) -British Prime Minister Rishi Sunak’s government on Tuesday said it would ease restrictions on building onshore wind farms, heading off a revolt by his party’s lawmakers who had demanded they should be permitted with local support. Sunak had opposed relaxing the ban on onshore farms in his campaign to become British leader just …

UK government to ease ban on onshore wind farms to head off revolt Read More »

By Ron Bousso and Shadia Nasralla LONDON (Reuters) – The British government should introduce a price floor to mitigate the impact of its new windfall tax on North Sea oil and gas producers as some companies struggle with reduced access to funding, executives and industry sources say. The brake on capital that could restrict investments …

North Sea oil producers seek price floor to limit UK windfall tax Read More »