UPDATE 2-London stocks gain on sharp rebound in May retail sales, oil boost
London shares rose on Friday as a sharp rebound in retail sales in May bolstered hopes of a swift economic recovery from a pandemic-driven slump, while energy shares tracked a gain in oil prices.
Russia's Rosneft cuts investment by 21% over weak oil prices, output deal
Igor Sechin, the head of Russia’s energy giant Rosneft, told President Vladimir Putin on Tuesday the company would cut investment by around 200 billion roubles ($2.7 billion), or 21%, this year due to the global output deal.
Special Report: Trump told Saudi: Cut oil supply or lose U.S. military support - sources
As the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump gave Saudi leaders an ultimatum.
God and money: Putin offers sweeteners to ease path to prolonging power
When Russians vote this month on whether to allow President Vladimir Putin to potentially stay in power until 2036, they will decide on a bundle of measures from economic sweeteners to political reforms for traditionalists.
Editors quit Russian newspaper, accusing boss of pro-Kremlin censorship
Five senior editors at Vedomosti, one of Russia’s most prominent business newspapers, resigned on Monday in protest at the appointment of an editor-in-chief they say has applied pro-Kremlin censorship to its coverage.
Turkey eyes Libya bases for lasting military foothold: source
Turkey and Libya’s internationally recognised government are discussing possible Turkish use of two military bases in the North African country, a Turkish source said on Monday, with a view to a lasting Turkish presence in the south Mediterranean.
Stocks, oil slide on fears of second pandemic
Fears of a second wave of COVID-19 infections rocked world markets on Monday, knocking down oil prices and a gauge of global equity performance more than 2% at one point, as investors grappled with how to assess the economic recovery.
Russia detains Arctic power station managers it blames for fuel spill
Russian investigators said on Wednesday they had detained three managers of an Arctic power station whom it blamed for a fuel spill last month which leaked 21,000 tonnes of diesel into rivers and subsoil.
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