Energy from Russia: The West caps the price of oil - and then he rises
Synopsis by FAZ.NET Dec 05 22
The oil market reacted to the EU embargo and G-7 price cap for Russian oil with a sharp ...Read full article 
FAZ.NET: Energy from Russia: The West caps the price of oil - and then he rises
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| Last Updated | Dec 05 22 |
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Enrico Letta: Europe's economy is falling behind, 'we can't wait any longer': In an interview with Le Monde, the former Italian prime minister suggests using ...
lemonde.fr/en/economy/article/2024/04/19/enrico-letta-europe-s-economy-is-falling-behind-we-can-t-wait-any-longer_6668853_19.html
Quick Glance: Europe's Economy Falling Behind: Enrico Letta Urges Action
- Former Italian Prime Minister Enrico Letta suggests using European savings for the green and digital transition, pooling 10% of state aid, and initiating a new recovery plan to help the European economy catch up with the US.
- Letta presented his report on the internal market to the EU-27 in Brussels, highlighting that only a minority of companies and citizens in Europe fully benefit from the internal market, leading to the EU lagging behind the US and China.
- European companies underutilize economies of scale in sectors like energy, telecoms, and financial markets within the internal market. The market fragmentation hinders growth and competitiveness against global counterparts.
- Letta advocates for creating a fifth freedom for research, innovation, and skills within the internal market and updating competition rules in strategic sectors to promote European champions and ensure consumer protection.
Blinken says U.S. not involved in "any offensive operations" when asked about Iran
reuters.com/world/us/blinken-says-us-not-involved-any-offensive-operations-when-asked-about-iran-2024-04-19/
Hungary's Orban tells EU top officials their time is up: The European Union's top officials must be replaced as they do not deserve another chance after the ...
reuters.com/world/europe/get-your-hat-leave-hungarys-orban-tells-eu-top-officials-2024-04-19/
Spain Says Germany Can Find a Way to Make Joint EU Borrowing Work: The European Union will be able to find a way to raise more joint debt that is acceptable to ...
bloomberg.com/news/articles/2024-04-19/spain-says-germany-can-find-a-way-to-make-joint-eu-borrowing-work
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Iran-Israel tensions: Can Iran's economy handle a war?: Iran is suffering from inflation, currency depreciation and the impact of international sanctions ...
dw.com/en/iran-israel-tensions-can-irans-economy-handle-a-war/a-68862368
Quick Glance: Israel and Iran Step Back
- Iran and Israel pull back after attacks, avoiding direct escalation
- Both Iran and Israel have shown limited responses so far to prevent full-scale war
- Region remains tense, conflict between Israel and Iran remains precarious and unpredictable
- While both sides aim to avoid all-out war, the situation remains volatile and dangerous
EU imposes sanctions against violent West Bank settlers: The European Union said on Friday it had agreed to impose sanctions against four people and two entities ...
reuters.com/world/middle-east/eu-imposes-sanctions-against-violent-west-bank-settlers-2024-04-19/
IMF urges Italy, France to spend less, Germany to loosen purse strings: Italy and France should cut spending faster than they currently plan to keep debt under ...
reuters.com/world/europe/imf-urges-italy-france-spend-less-germany-loosen-purse-strings-2024-04-19/
Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say
reut.rs/3UqEyXe
Israel gave US last-minute warning about drone attack on Iran, Italian foreign minister says at G7
apnews.com/article/g7-italy-blinken-iran-bf8b33c3cebfe534a16675e6adc3fb0a
Quick Glance: US Alerts G7 about Iran Drone Attack: Israel Issues Final Warning
- According to the Italian foreign minister, the United States informed the G7 foreign ministers that it received "last minute" information from Israel about a drone action in Iran.
- The details were shared during a Friday morning session that was spontaneously modified to discuss the suspected attack.
- Following the three-day meeting, the ministers urged in a statement for the parties to prevent further escalations and expressed support for Israel's security.
- Additionally, the group cautioned Iran against transferring ballistic missiles and related technologies to Russia and called for the release of hostages and adherence to international and humanitarian law.
Ukraine’s Allies Fear the Worst and Hope for a Turning Point: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of ...
bloomberg.com/news/newsletters/2024-04-19/ukraine-s-allies-fear-the-worst-and-hope-for-a-turning-point
Ukraine air defense: G7 ministers seeking urgent support : Foreign ministers from the Group of Seven (G7) major powers warned on Thursday that Ukraine risked ...
reut.rs/49L6auN
Subsidy race with US and China would harm Europe’s ailing economy, IMF warns: Fund urges EU to avoid ‘protectionist’ policies and focus on cutting internal trade ...
ft.com/content/0ee289a9-8414-40bb-ac3b-ab6f04bd1f4f
Baerbock criticizes Iran after attack on Israel: The G7 foreign ministers discuss the Middle East conflict and the Ukraine war in Capri. On ZDF ...
zdf.de/nachrichten/politik/baerbock-krisen-ukraine-israel-iran-g7-100.html
Ukraine has 'urgent need' for air defence, says NATO chief Stoltenberg: NATO Secretary General Jens Stoltenberg said Thursday that Ukraine had an "urgent ...
france24.com/en/europe/20240418-ukraine-has-urgent-need-for-air-defence-says-nato-chief-stoltenberg
Quick Glance: Kyiv's Urgent Air Defence Need Highlighted by NATO Chief
- NATO Secretary-General Jens Stoltenberg highlights Ukraine's critical need for additional air defences during the G7 Summit in Capri.
- He mentions positive signals of military aid commitments from NATO members and the US House of Representatives' vote on a aid package for Kyiv.
- Stoltenberg acknowledges new pledges of support from Germany, Denmark, and the Netherlands, stressing the importance of earlier and increased assistance.
- These statements precede a meeting with Ukrainian Foreign Minister Dmytro Kuleba and the NATO-Ukraine Council, with President Volodimir Zelenski participating via video link.
Hungary's government to consider fuel price intervention on Wednesday: Hungary's government is not ruling out intervening in fuel prices and will discuss the ...
reuters.com/world/europe/hungarys-government-consider-fuel-price-intervention-wednesday-2024-04-19/
50 years of government deficit: France's memorable anniversary: France has not had a balanced budget since 1974. In the meantime, it has accumulated a record ...
nzz.ch/meinung/50-jahre-staatsdefizit-frankreichs-denkwuerdiges-jubilaeum-ld.1825735
Lufthansa seeks to persuade EU regulators over ITA stake buy: Lufthansa executives and lawyers will attend a day-long hearing in Brussels on Friday to try to ...
reuters.com/markets/deals/lufthansa-seeks-persuade-eu-regulators-over-ita-stake-buy-2024-04-19/
UK Spurs Intelligence Sharing With Allies on Vote Manipulation: The UK is spearheading a drive to expand intelligence-sharing on electoral interference beyond ...
bloomberg.com/news/articles/2024-04-18/uk-spurs-intelligence-sharing-with-allies-on-vote-manipulation
Paid articlePaid
What we know so far about apparent Israeli attack on Iran: Despite calls for moderation from G7 leaders, it appears that Iran and Israel have shifted from a ...
euronews.com/2024/04/19/what-we-know-so-far-about-apparent-israeli-attack-on-iran
Short-term "information": Italy's Foreign Minister indirectly confirms Israeli attack on Iran
spiegel.de/ausland/italien-antonio-tajani-bestaetigt-indirekt-israelischen-angriff-auf-iran-a-72890cce-27be-43fa-be5f-40b46e29c906
Economic crisis exposes Germany's ideological stalemate: Germany is the worst-performing major economy in the world, but ideological differences within the ...
euractiv.com/section/economy-jobs/news/economic-crisis-exposes-germanys-ideological-stalemate/
Greek economy surges after decade of pain: A decade ago, Greece was in the throes of a devastating debt crisis marked by years of austerity, hardship and unrest ...
reuters.com/markets/europe/greek-economy-surges-after-decade-pain-2024-04-18/
G7 pledges swift aid for Ukraine, seeks to calm Middle East: CAPRI, Italy, April 19 (Reuters) - Group of Seven (G7) major powers pledged on Friday to bolster ...
asia.nikkei.com/Politics/International-relations/G7-pledges-swift-aid-for-Ukraine-seeks-to-calm-Middle-East
Basel Chair urges banks to fully implement capital rules as soon as possible: Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully ...
reuters.com/business/finance/basel-chair-urges-banks-fully-implement-capital-rules-soon-possible-2024-04-18/
New study: Because of Brexit - Medicines are becoming increasingly scarce in the UK
spiegel.de/wirtschaft/soziales/grossbritannien-wegen-brexit-arzneimittel-werden-immer-knapper-a-78fe1d14-b7f4-4456-8449-a0c56dfae4c3
Ukraine air defense: G7 ministers seeking urgent support : Foreign ministers from the Group of Seven (G7) major powers warned on Thursday that Ukraine risked ...
reuters.com/world/g7-foreign-ministers-seek-urgent-defence-support-ukraine-2024-04-18/
G7 countries slam Chinese firms’ support for Russia’s defence industry: Ministers say transfer of weapons components is enabling Russia to ‘reconstitute and ...
aljazeera.com/news/2024/4/19/g7-countries-slam-chinese-firms-support-for-russias-defence-industry
Carbon price fall deprives Europe's green funds of billions: A drop in the European Union's carbon price this year could mean that a fund intended to be among ...
reuters.com/business/energy/carbon-price-fall-deprives-europes-green-funds-billions-2024-04-18/
Exclusive: Microsoft's OpenAI partnership could face EU antitrust probe, sources say
reut.rs/3VXNm8q
Belgium praises Hungary's strong commitment to EU competitiveness agenda: “What I am very pleased to hear is that the Hungarian presidency was very clear in the ...
euractiv.com/section/economy-jobs/news/belgium-praises-hungarys-strong-commitment-to-eu-competitiveness-agenda/
How would a 'youth mobility scheme' between the UK and EU really work?: The EU and the UK could enter into a 'youth mobility' scheme allowing young ...
thelocal.dk/20240418/how-would-a-youth-mobility-scheme-between-the-uk-and-eu-really-work
Quick Glance: EU Proposes Mobility Expansion for UK and EU Youth
- The European Commission has proposed opening negotiations with the UK to allow mobility for millions of 18- to 30-year-olds before Brexit.
- Under the planned agreement, EU and UK citizens aged between 18 and 30 could have the opportunity to stay in the destination country for an extended period.
- The decision by the commission, which was previously strongly against concessions to the UK, is seen as a breakthrough in UK-EU relations.
- If approved, millions of young people could come to the UK to fill the gap left by Brexit in the hospitality sector and at universities.
Vestager defends EU merger rules, says competition creates strong companies: EU antitrust chief Margrethe Vestager on Thursday rejected calls for a shake up of ...
reuters.com/markets/europe/vestager-defends-eu-merger-rules-says-competition-creates-strong-companies-2024-04-18/
Foreign Minister Baerbock at the G7 meeting in Capri: It's tragic: Ukraine war or escalation in the Middle East: The G7 meeting in Italy is a fight against ...
t-online.de/nachrichten/ausland/internationale-politik/id_100388494/aussenministerin-baerbock-bei-g7-treffen-auf-capri-es-ist-tragisch-.html
Russia to grow faster than all advanced economies says IMF: The IMF estimates Russia's economy will grow faster than the likes of the US, UK and Germany this ...
bbc.com/news/business-68823399
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
At least 29 injured as ferry from Italian G7 island hits dock in Naples: At least 29 people were injured in Italy on Friday when a ferry carrying people from the ...
timeslive.co.za/news/world/2024-04-19-at-least-29-injured-as-ferry-from-italian-g7-island-hits-dock-in-naples/
EU leaders vow to impose tougher sanctions against Iran as Ukraine's president pleads for support
pbs.org/newshour/world/eu-leaders-vow-to-impose-tougher-sanctions-against-iran-as-ukraines-president-pleads-for-support
At G7, Blinken seeks European support for pressure on China: CAPRI: The United States urged European powers to increase pressure on China at a G7 foreign ...
channelnewsasia.com/asia/g7-blinken-seeks-european-support-pressure-china-4276471
G7 pledges swift aid for Ukraine, seeks to calm Middle East: Military aid to Kyiv has slowed in recent months, with European partners apparently running low on ...
theglobeandmail.com/world/article-g7-pledges-swift-aid-for-ukraine-seeks-to-calm-middle-east/
G7 identified "specific steps" to help Ukraine, Kuleba says: CAPRI, Italy (Reuters) - Foreign ministers from the Group of Seven (G7) major democracies have ...
thestar.com.my/news/world/2024/04/19/g7-identified-specific-steps-to-help-ukraine-kuleba-says
G7 reiterates importance of cross-strait peace and stability - Focus Taiwan: The Group of Seven (G7) nations on Friday issued a statement reiterating the ...
focustaiwan.tw/politics/202404200003
G7 foreign ministers vow to boost Ukraine's air defense capabilities: The Group of Seven (G7) foreign ministers promised on April 19 to strengthen ...
kyivindependent.com/g7-ministers-pledge-to-boost-ukraines-air-defenses/
Quick Glance: Ukraine shoots down Russian strategic bomber, nine killed
- Russian officials say the plane crashed over the southern Stavropol region due to a technical malfunction.
- Ukraine's air force announced that they shot down a Russian strategic bomber with anti-aircraft missiles for the first time since the war began in 2022.
- The bomber was downed in Russian airspace, 300km from Ukraine's border, after participating in a long-range airstrike that resulted in the death of at least nine people in the central region of Dnipropetrovsk.
- NATO and the USA are planning to provide additional air defense systems to Ukraine for support.
788 days of Ukraine war: dead in Dnipro and that's what Russia's Lavrov says: Apparently, Ukrainian air defenses were unable to intercept all Russian missiles ...
de.euronews.com/2024/04/19/788-tage-ukraine-krieg-tote-in-dnipro-und-das-sagt-russlands-lawrow
G7 foreign ministers underscore importance of peace in Taiwan Strait | Taiwan News | Apr. 20, 2024 10:05
taiwannews.com.tw/en/news/5669683
Israel’s muted Iran retaliation raises hope war in Middle East may be avoided: Western allies are urging restraint amid fears of a regional conflict
inews.co.uk/news/politics/israels-muted-iran-retaliation-raises-hope-war-in-middle-east-may-be-avoided-3015889
G-7 Warns China Against Aiding Russia in Its War Against Ukraine: Top diplomats from the Group of Seven countries leveled one of their strongest warnings yet ...
bloomberg.com/news/articles/2024-04-19/g-7-warns-china-against-aiding-russia-in-its-war-against-ukraine
G7 foreign ministers oppose 'full scale military operation in Rafah': "We reiterate our opposition to a full scale military operation in Rafah that ...
gulftoday.ae/news/2024/04/19/g7-foreign-ministers-oppose-full-scale-military-operation-in-rafah
G7 countries pledge to strengthen Ukrainian air defenсe: The G7 has announced their intention to strengthen the air defence of Ukraine, against which the Russian ...
pravda.com.ua/eng/news/2024/04/19/7452000/
Create right conditions for Rohingya repatriation: G7: Foreign ministers from the Group of Seven (G7) countries have stressed the need to create conditions for ...
thedailystar.net/news/bangladesh/news/create-right-conditions-rohingya-repatriation-g7-3590911
Foreign Minister Baerbock at the G7 meeting in Italy: Finally, hope!: The fear is great: there is a threat of major escalation in the Middle East and things are ...
t-online.de/nachrichten/ausland/internationale-politik/id_100389382/aussenministerin-baerbock-beim-g7-treffen-in-italien-endlich-hoffnung-.html
G7 countries urge Armenia, Azerbaijan to achieve durable peace: "The G7 and its members are ready to facilitate further constructive contacts at all levels ...
armenpress.am/eng/news/1135201.html
Joly urges halt to escalating violence as Israel suspected of airstrike on Iran: Co-signs a lengthy statement by G7 foreign ministers that touches on the ...
montrealgazette.com/news/national/joly-urges-halt-to-escalating-violence-as-israel-suspected-of-airstrike-on-iran
G7 gives Iran sharp warning not to send ballistic missiles to Russia: ‘We are prepared to respond in a swift and coordinated manner’ if Tehran sends missiles to ...
politico.eu/article/g7-gives-iran-sharp-warning-not-to-send-ballistic-missiles-to-russia/
G7 opposes ‘full scale military operation in Rafah’: Foreign ministers from the Group of Seven nations said Friday they opposed a “full-scale military operation ...
english.alarabiya.net/News/middle-east/2024/04/19/g7-asks-all-parties-to-prevent-further-middle-east-escalation-
Joly says Canada is monitoring escalating Iran-Israel tensions ‘closely’ - National | Globalnews.ca
trib.al/Jh9AoVV
Maresca rotation explanation doesn't stack up with embargo impact assessed: Your Leicester City questions answered on Maresca's tactics, lack of rotation ...
leicestermercury.co.uk/sport/football/transfer-news/enzo-maresca-explanation-doesnt-stack-9231365
Questions and Answers: Seven things you need to know about the G7
rp-online.de/politik/ausland/g7-7-dinge-die-man-ueber-den-gipfel-wissen-muss_aid-90633953
African issues to be discussed as foreign ministers of G7 countries meet | Africanews
africanews.com/2024/04/18/african-issues-to-be-discussed-as-foreign-ministers-of-g7-countries-meet/
G7 top diplomats discuss Middle East conflict on 2nd day of talks - The Mainichi: CAPRI, Italy (Kyodo) -- The Group of Seven foreign ministers began the second ...
mainichi.jp/english/articles/20240418/p2g/00m/0in/061000c
G7 ministers fail to agree on Russian asset use for Ukraine aid - Euromaidan Press
euromaidanpress.com/2024/04/18/g7-ministers-fail-to-agree-on-russian-asset-use-for-ukraine-aid/
China Outweighs G-7 as Leading Driver of Global Economic Growth: China will be the top contributor to global growth over the next five years ...
bloomberg.com/news/articles/2024-04-18/china-outweighs-g-7-as-leading-driver-of-global-economic-growth
EU to Send Ukraine Seven More Patriot Missiles as Allies Step Up: German Chancellor Olaf Scholz said European Union leaders are planning to send seven additional ...
bloomberg.com/news/articles/2024-04-18/eu-to-send-ukraine-seven-more-patriot-missiles-as-allies-step-up
Paid articlePaid
Ukraine air defences, Iran-Israel conflict top agenda at G7 meeting: Foreign ministers from the Group of Seven (G7) wealthy industrialized democracies gathered ...
nordot.app/1153706946246460011
'We're on edge of war in Middle East,' warns EU foreign policy chief: Josep Borrell urges Israel to show restraint and warns against any actions that could ...
yenisafak.com/en/news/were-on-edge-of-war-in-middle-east-warns-eu-foreign-policy-chief-3681571
Paid articlePaid Borrell calls on EU states to send anti-missile systems to Ukraine: "We have Patriots, we have anti-missile systems. We have to take them (out) from our ...
kyivindependent.com/borrell-calls-on-eu-states-to-send-anti-missile-systems-to-ukraine/
Ukraine’s Allies See Bleak Times Ahead Without More Air Defenses: As Ukraine’s ammunition stocks dwindle some of the country’s biggest allies are expressing ...
bloomberg.com/news/articles/2024-04-18/ukraine-s-allies-grow-bleak-as-they-push-for-more-air-defense
Paid articlePaid
Russia’s war in Ukraine remains barrier to growth, says IMF chief: Kristalina Georgieva says Kyiv will need $42bn of financial support this year as G7 considers ...
theguardian.com/business/2024/apr/18/russias-war-in-ukraine-remains-barrier-to-growth-imf-chief-kristalina-georgieva-g7-assets
‘Response’ from G7 needed to Iran’s unprecedented attack: Germany: The G7 must respond to Iran’s attack on Israel, Germany’s foreign minister said Thursday ...
english.alarabiya.net/News/middle-east/2024/04/18/-response-from-g7-needed-to-iran-s-unprecedented-attack-germany-
Liberals buck global trend in ‘doubling down’ on foreign aid, as sector urges G7 push
theglobeandmail.com/politics/article-liberals-buck-global-trend-in-doubling-down-on-foreign-aid-as-sector/
Paid articlePaid EU foreign policy chief warns Middle East 'on edge of regional war': G7 foreign ministers are meeting to discuss new ways of securing military funding ...
euronews.com/2024/04/18/eu-foreign-policy-chief-josep-borrell-warns-middle-east-on-edge-of-regional-war
Dollar rally stalls after rare FX warning from finance chiefs: The dollar fell for a second day on Thursday after a rare warning by the finance chiefs of the ...
reuters.com/markets/currencies/dollar-takes-breather-investors-ponder-us-rates-outlook-2024-04-18/
G7 foreign ministers gather in Italy, tensions in Middle East, aid to Ukraine to dominate agenda
yenisafak.com/en/world/g7-foreign-ministers-gather-in-italy-tensions-in-middle-east-aid-to-ukraine-to-dominate-agenda-3681561
Paid articlePaid
G7 urged to impose new sanctions on Iran as Israel signals response to drone attack is coming
standard.co.uk/news/politics/israel-iran-g7-drone-missiles-david-cameron-grant-shapps-b1152263.html
From WEF To War To Polls And Politics, An Interesting Year For The World: Feedback from the Davos meetings of the World Economic Forum (WEF) has always been ...
forbesafrica.com/opinion/op-ed/2024/04/16/from-wef-to-war-to-polls-and-politics-an-interesting-year-for-the-world/
ECB Shouldn’t Rush Further Rate Cuts After June, Muller Says: The European Central Bank mustn’t rush into further interest rate cuts after a likely first step in ...
bloomberg.com/news/articles/2024-04-20/ecb-shouldn-t-rush-further-rate-cuts-after-june-muller-says
Volkswagen workers vote to unionize in major win for organised labour: The United Autoworkers Union took a risk in a Republican - and often anti-union - part of ...
bbc.com/news/business-68861396
Oxford shuts down institute run by Elon Musk-backed philosopher: Nick Bostrom’s Future of Humanity Institute closed this week in what Swedish-born philosopher ...
theguardian.com/technology/2024/apr/19/oxford-future-of-humanity-institute-closes
Tennessee Volkswagen employees overwhelmingly vote to join United Auto Workers union
apnews.com/article/volkswagen-union-vote-united-auto-workers-chattanooga-51544590d8a06efddfa2f6ac7db00fbe
Quick Glance: Historic Step: Volkswagen Workers in Tennessee Vote to Join Union
- Employees at a Volkswagen factory in Chattanooga, Tennessee, have decided to join the United Auto Workers union.
- This vote marks a significant milestone for the UAW's efforts to support nonunion factories.
- The decision has led to upcoming bargaining between Volkswagen and the union.
- The new UAW President Shawn Fain, backed by President Joe Biden, has previously led successful strikes against major automakers in Detroit resulting in lucrative new contracts.
Verstappen wins Chinese GP sprint race: Red Bull's triple world champion Max Verstappen won the first sprint race of the Formula One season at the Chinese Grand ...
reuters.com/sports/formula1/verstappen-wins-chinese-gp-sprint-race-2024-04-20/
Quick Glance: Chinese Grand Prix: Drama for Verstappen's Victory March?
- The Chinese Grand Prix could bring drama to Formula 1, and Red Bull's Max Verstappen isn't a guaranteed winner.
- The track is unknown and coated with thin asphalt, causing uncertain driving conditions.
- McLaren's Lando Norris secured the pole for the sprint race after a rainy qualifying session that challenged drivers.
- Practices revealed unusual names at the top, hinting at an entertaining race ahead.
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