OPEC+ to consider oil cut of over than 1 million barrels per day

Cuts could include Saudi voluntary reduction Largest cut since pandemic reduction Oil fell due to rising Fed rates, weak economy DUBAI, Oct 2 (Reuters) – OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move … Read more

Ukraine advance in Lyman shows it can push back Russian forces, NATO chief says

WASHINGTON, Oct 2 (Reuters) – Ukraine’s capture of a city within territory of Russian President Vladimir Putin’s declared annexation demonstrates that Ukrainians are making progress and able to push back against Russian forces, NATO Secretary-General Jens Stoltenberg said on Sunday. “We have seen that they have been able to take a new town, Lyman, and … Read more

Analysis: Under water: how the Bank of England threw markets a lifeline

Bank of England bought bonds after pension fund pleas Some UK pension funds faced problematic margin calls BoE support seen as giving window to build collateral British government’s unfunded tax plan spooked markets LONDON/NEW YORK, Oct 2 (Reuters) – Calls to the Bank of England saying some British pension funds were struggling to meet margin … Read more

Pope begs Putin to end ‘spiral of violence and death’, fears nuclear war

Pope says annexation risked nuclear escalation Says he has been haunted by “rivers of blood and tears” Most direct appeal to Putin since invasion in February Vatican official compares it to days of Cuban missile crisis VATICAN CITY, Oct 2 (Reuters) – Pope Francis for the first time directly begged Russian President Vladimir Putin to … Read more

UK’s Truss tries to reassure on economic plan

Defends economic plan, saying it is right Also tries to reassure Says Kwarteng made decision on high tax rate BIRMINGHAM, England, Oct 2 (Reuters) – British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should have done more to “lay the ground” for an economic plan … Read more

Latvia to remain Russia’s critic as prime minister wins election

RIGA, Oct 2 (Reuters) – The centre-right New Unity party of Latvian Prime Minister Krisjanis Karins won Saturday’s election, according to provisional results, with its 19% of the vote putting him in a position to head another coalition government. The results – with 96% of districts counted – mean Latvia should remain a leading voice … Read more

Stampede, riot at Indonesia football match kill 174, league suspended

East Java stadium disaster apparently worst since 1964 Around 180 injured during crowd stampede Indonesia football association suspends league to investigate Police say they fired tear gas to control crowd MALANG, Indonesia, Oct 2 (Reuters) – At least 174 people were killed and 180 injured in a stampede and riot at a soccer match in … Read more

Tencent shifts focus to majority deals, overseas gaming assets for growth

HONG KONG, Oct 1 (Reuters) – Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset slowing growth at home in China, people with direct knowledge of the matter said. Tencent Holding Ltd (0700.HK) has for years … Read more

Ukraine celebrates recapturing key town, Putin ally raises nuclear jitters

Ukraine’s recapture of Lyman deals Moscow major setback Chechen leader suggests use of low-yield nuclear weapon Lyman is key logistics hub in eastern Donetsk region Donetsk is one of four regions Putin says are now Russian KYIV, Oct 2 (Reuters) – Ukrainian troops said they had retaken the key bastion of Lyman in occupied eastern … Read more

Germany says it will supply Ukraine with air defence system in days

BERLIN, Oct 1 (Reuters) – Germany will deliver the first of four advanced IRIS-T air defence systems to Ukraine in the coming days to help ward off drone attacks, its defence minister Christine Lambrecht said during an unannounced visit to Odessa on Saturday. As air raid sirens sounded in the port city above, Lambrecht held … Read more