Page 922 - Reuters

G7 calls on Opec to play key role to ease global energy supplies

Opec and its allies, a group known as Opec+, has so far rebuffed Western calls for a faster increase in oil production to lower surging prices

G7 reaches agreements to phase out coal power generation: German minister

The pledge would mark the first commitment from the G7 to quit coal-fuelled power - use of which needs to decrease if the world is to avoid the worst impacts of climate change

China signs deal with Samoa as Australia vows Pacific Islands plan

China is building on a security pact it recently signed with Solomon Islands, which has alarmed the United States and its allies such as Australia

'Tomorrow will be better': Shanghai inches towards Covid reopening

Shanghai officials urged continued vigilance on Saturday, even though the vast majority of its 25 million residents live in areas that are in the lowest-risk "prevention" category

Ukraine says Russian advances could force retreat in part of east

A withdrawal could bring Russian President Vladimir Putin closer to his goal of capturing eastern Ukraine's Luhansk and Donetsk regions in full

US issues sanctions targeting N Korean weapons of mass destruction program

The US imposed sanctions on two Russian banks, a North Korean company and a person it accused of supporting North Korea's weapons of mass destruction program

India to face wider coal crisis in Q2, worsening power outage risks: Report

India expects local coal supply to fall 42.5 million tonnes short of demand in the September quarter, 15% higher than previously projected

Google in talks to join India's open e-commerce network ONDC: Reports

The ONDC programme aims to join 30 million sellers and 10 million merchants online, and cover at least 100 cities and towns by August

Nykaa reports 49% drop in quarterly net profit as expenses surge

The cosmetics-to-fashion platform, headed by Falguni Nayar, has said its marketing expenses in 2020 came in exceptionally low as it did not spend as much on advertising due to the pandemic

Crude oil prices increase supported by the prospect of a tight market

EU nations are negotiating deal on Russian oil sanctions that would embargo shipment deliveries but delay sanctions on oil delivered by pipeline to win over Hungary and other landlocked member states

Putin says he is ready to deliver gas, discuss prisoner swap: Austria

Austrian Chancellor has informed recently that Russian President Vladimir Putin has agreed to provide full natural gas supplies to the nation

GAIL says it's open to buying Russian oil-gas assets if offered good deal

GAIL is considering buying gas from challenging local fields to address surging local demand for natural gas, including striking long-term liquefied natural gas import deals with global companies

EU may clinch summit deal to sanction Russian oil shipments, says official

Hungary's resistance to oil sanctions - and the reluctance of a handful of other countries - has held up implementation of a sixth package of sanctions by the 27-member EU against Russia

Dollar moves higher but set for biggest weekly drop in four months

"The market's tentative speculation about a pause in the Fed's tightening cycle in September is surely contributing to keeping the dollar soft," ING strategists said

Toyota cuts June output plan again due to chip shortage and China lockdown

Toyota said there was "a possibility" that it could lower its full-year production plan of 9.7 million vehicles.

Evergrande mulls staggered pay, debt-equity swap for $19 bn bonds: Report

Evergrande's entire $22.7 billion worth of offshore debt including loans and private bonds is deemed to be in default after missing payment obligations late last year

UK household support package to have 'minimal impact' on inflation: Sunak

Sunak said on Thursday high inflation was now causing "acute distress".

Taiwan revises down 2022 GDP growth forecast hit by Covid, inflation

Gross domestic product (GDP) is expected to rise 3.91% this year, the Directorate General of Budget, Accounting and Statistics said, down from 4.42% growth forecast in February.

Japan aiming to 'drastically strengthen' military capability: Report

Japan aims to "drastically strengthen" its military capabilities, according to an economic policy draft, as officials worry that Russia's invasion of Ukraine could prompt instability in East Asia

Security Council split spells end of an era for US-led sanctions on N Korea

The two countries on Thursday vetoed a US-led push to impose more UN sanctions on North Korea over its renewed ballistic missile launches