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Russia, mired in war, faces economic pain and attempts to isolate it

LONDON, Dec 6 (Reuters) – Russia’s invasion of Ukraine plunged Europe into its biggest land war since World War Two, igniting a conflict that has killed thousands, displaced millions, pulverized Ukrainian cities and damaged the global economy. Despite warnings from US intelligence in the run-up to Feb. 24, many European and Ukrainian officials did not …

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Drone attacks oil tank at airfield inside Russia – governor

Kyiv region is facing among the most emergency blackouts US to enlist executives’ help on Ukraine energy assets Moscow: Ukrainian drones attack air bases in Russia, 3 dead KYIV, Dec 6 (Reuters) – A drone attack on an airfield in Russia’s Kursk region set fire to an oil storage tank, a governor said on Tuesday, …

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Why Macron? Biden state dinner highlights France’s US appeal

WASHINGTON, Nov 30 (Reuters) – President Joe Biden’s welcoming of French President Emmanuel Macron at the first White House state visit on Thursday since the US Democrat took power in early 2021, is being celebrated by officials from both countries as a recognition of France’s status as America’s oldest ally. The visit also highlights the …

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Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving cargoes of Venezuelan oil as early as December after the oil company last week received a US license to do so, but Caracas may not be as eager because US sanctions restrict payments, people familiar with the matter said. The United States on …

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Chevron can resume key role in Venezuela’s oil output, exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a US license allowing the second-largest US oil company to expand its production in Venezuela and bring the South American country’s crude oil to the United States. The decision grants broader rights for the last big US oil company still operating in US-sanctioned Venezuela. However, …

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US prepared to authorize Chevron to boost Venezuela’s oil output

US ready to allow oil giant to produce, sell Venezuelan oil Chevron is owed billions in unpaid debts by state-run PDVSA US aims to shift Venezuelan oil sales from shadow firms HOUSTON, Nov 23 (Reuters) – Chevron Corp could soon win US approval to expand operations in Venezuela and resume trading its oil once the …

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COP27 delivers climate fund breakthrough at the cost of progress on emissions

COP27 climate summit ends after marathon weekend negotiations Final deal delivered on creating historic climate finance fund Negotiators say some blocked tighter emissions targets SHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) – Countries closed this year’s UN climate summit on Sunday with a hard-fought deal to create a fund to help poor countries being battered by …

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COP27 nears breakthrough on climate finance in scramble for final deal

Countries studying details of new draft agreement Delegates herald possible breakthrough on loss and damage EU prepared to exit talks without positive outcome Some nations want firmer goals on long-term action SHARM EL-SHEIKH, Egypt, Nov 19 (Reuters) – Negotiators at the COP27 climate summit in Egypt neared a breakthrough deal on Saturday for a fund …

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EXCLUSIVE US blocks more than 1,000 solar shipments over Chinese slave labor concerns

Nov 11 (Reuters) – More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at US ports since June under a new law banning imports from China’s Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources. The level of seizures, which has …

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African nations tell COP27 fossil fuels will tackle poverty

African countries say the rich world has yet to shift to renewables Say need to end fuel poverty Energy crisis linked to Ukraine war has shifted priorities SHARM EL-SHEIKH, Nov 10 (Reuters) – African nations must be allowed to develop fossil fuel resources to help lift their people out of poverty, governments said at the …

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