Page 909 - Reuters/workspace/business Standard Web/video

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

US doctors reconsider Pfizer's Paxlovid for lower-risk Covid patients

On Tuesday, the CDC, citing case reports and concerns that relapsed patients could spread the virus, issued its advisory that Paxlovid users should isolate for a second five days if symptoms rebound

Chelsea reach final agreement for sale of club to Boehly-led consortium

The takeover is expected to be completed on Monday

Russia says eastern Ukraine town of Lyman is under its full control

Pro-Russian separatists from the self-proclaimed Donetsk People's Republic had said on Friday that they had fully captured the town, a railway hub west of Sievierodonetsk

Dollar slides for second week as traders adjust US Fed rate hike views

The dollar index, which measures the safe-haven currency against a basket of six other major currencies, fell as low as 101.43, its weakest since April 25.

Equities rise, yields fall after data shows US inflation may have peaked

Consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.9% last month, and although inflation continued to increase in April, it was less than in recent months

Ship to take metal from Mariupol to Russia; Ukraine decries looting

A ship has entered the Ukrainian port of Mariupol for the first time since Russia completed its capture of the city to load metal and ship it east to Russia,

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

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