Stubbornly high rents and food prices boost US inflation in August

The consumer price index increases by 0.1% in August Rents, food and health care explain the rise in the CPI Core CPI jumped 0.6%; increased 6.3% year-over-year WASHINGTON, Sept 13 (Reuters) – U.S. consumer prices rose unexpectedly in August and core inflation accelerated amid rising rent and health care costs, giving the Federal Reserve ammunition … Read more

Ukrainian troops raise flag at rail hub as advance threatens to turn into rout

Join now for FREE unlimited access to Reuters.com Register Ukraine breakthrough is fastest progress in months Thousands of Russian soldiers risk being surrounded KYIV/HRAKOVE, Ukraine, September 10 (Reuters) – Ukrainian officials shared photos on Saturday showing troops hoisting the national flag above the main railway town that supplied Russian forces in northeastern Ukraine , as … Read more

EU divided over capping Russian gas price amid ‘energy war’

Register now for FREE unlimited access to Reuters.com Register Countries resist EU proposal to cap Russian gas price Broader support seen for cash aid to energy firms Ministers to discuss windfall levy, electricity use cut BRUSSELS, Sept 9 (Reuters) – European Union energy ministers were split on Friday over whether to cap Russian gas prices, … Read more

Kyiv’s ‘substantial victory’ recognized on Russian TV after Ukraine breakthrough

Zelenskiy says forces have taken over towns and villages Blinken heads to Kyiv with new US aid package KYIV, Sept 9 (Reuters) – Russian state television aired an interview on Friday acknowledging that Kyiv had won a “substantial victory” after Ukrainian forces stormed across the frontline. The Ukrainian breakthrough near Kharkiv was the fastest advance … Read more

Russia warns against limiting oil and gas prices

European Commission President Ursula von der Leyen says the region is facing an extraordinary situation. Thierry Monasse | Getty Images News | fake images European Union energy ministers met in Brussels on Friday for emergency talks on how to protect homes and businesses from runaway gas and electricity prices ahead of winter. The President of … Read more

British Prime Minister Liz Truss announces a cap on energy bills

LONDON — British Prime Minister Liz Truss announced Thursday a sweeping stimulus package to help Britons cope with rising energy bills and attract investment to the energy sector. Truss announced a “new energy price guarantee that will give people certainty about energy bills.” In her first major move in the leadership role, Truss announced that … Read more

UK’s Liz Truss to release billions of pounds to help with energy bills

Newly elected UK Prime Minister Liz Truss is expected to announce a multi-billion pound stimulus package to help people with rising energy prices. Carl Court/Staff/Getty Images LONDON – New UK Prime Minister Liz Truss is set to announce a package worth tens of billions of pounds to help people pay their energy bills on Thursday, … Read more

Britain’s new leader Liz Truss finalizes huge electricity subsidy plan

Join now for FREE unlimited access to Reuters.com Register Truss will announce an energy support plan on Thursday The new Prime Minister rules out the exceptional tax on electricity companies Pound falls to lowest since 1985 against US dollar Kwarteng says borrowing will be higher BoE says support for energy could help calm inflation LONDON, … Read more

Oil settles below $90 as recession fears grow

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. REUTERS/Todd Korol/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 7 (Reuters) – Oil prices slumped on Wednesday, falling below levels seen before Russia invaded Ukraine as downbeat Chinese trade data fueled investor worries about recession … Read more

Biden administration denies Cheniere’s request to circumvent LNG contamination rule

Sign up now for FREE unlimited access to Reuters.com Record WASHINGTON, Sept 6 (Reuters) – The U.S. Environmental Protection Agency (EPA) said on Tuesday it had rejected a request from top liquefied natural gas (LNG) exporter Cheniere Energy Inc. (LNG.A) to exempt the turbines at its two US Gulf Coast terminals from a hazardous pollution … Read more