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The Latest Breaking News from Oil

3 Stocks to Avoid as the Fed Hikes Rates in a Slowing Economy

Despite a seemingly weakening economy, the Fed has indicated that its forthcoming interest rate increases will be aggressive. Although interest rate hikes bode well for financial companies, fast-paced and aggressive rate increases pose the risk of an economic slowdown. Therefore, we think it could be wise to avoid Wells Fargo…

StockNews.com

Starmer accuses Johnson of burying head in sand over cost of living crisis

Labour leader calls PM ‘Comical Ali of the cost of living crisis’ in a fractious PMQs

The Guardian - UK

Could Russia cut off gas to other European countries?

Russia has been accused of “blackmailing” Europe after cutting off gas supplies to Poland and Bulgaria.

Evening Standard

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Why your supermarket shop is getting more expensive as food bills to rise by £271

Shoppers are being hit by soaring inflation, with suppliers passing on the rising increases of costs to consumers. Kantar estimates food costs will rise by £271

Daily Mirror

'Great resignation' appears to be hastening the exodus of US and other Western companies from Russia

Companies across the globe are fleeing Russia in an unprecedented display of corporate solidarity with their governments, appalled over the invasion of Ukraine. Over 750 multinational businesses so far have said they’re curtailing, suspending or severing ties to Russia, more than triple the number that abandoned South Africa over apartheid…

The Conversation

Rising authoritarianism and worsening climate change share a fossil-fueled secret

Around the world, many countries are becoming less democratic. This backsliding on democracy and “creeping authoritarianism,” as the U.S. State Department puts it, is often supported by the same industries that are escalating climate change.

The Conversation

A weeknight chicken recipe that won’t get any complaints

Delicate boneless, skinless thighs cook quickly, aren’t prone to drying out and pair beautifully with a garlicky cucumber yoghurt, says Melissa Clark

The Independent UK

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What Macron's win means for climate

Emmanuel Macron campaigned on promises to turn France into a "great environmental nation”

Salon

Prime Minister blasts Nottingham City Council for investing in 'communist energy company'

It was during a heated about about the upcoming local elections

Nottingham Post

Macron, with eye on parliamentary vote, visits left-leaning Paris suburb

French President Emmanuel Macron paid a surprise visit to a Socialist-held working-class suburb of Paris on Wednesday on his first official outing since his re-election, in an effort to woo left-wing voters ahead of June's parliamentary vote.

Reuters

Morning Brief: Top Financial Stories Dominating on Wednesday, April 27

Reuters Kellogg Sues British Government Over New Sugar Rules

Benzinga

Sensex, Nifty decline nearly 1% on profit booking in IT, financial shares

MUMBAI: Benchmark stock indices sensex and Nifty tumbled nearly 1 per cent on Wednesday due to profit booking in banking, financial and IT stocks after a recent rally.

The Times of India

Indonesia's Cooking Oil Export Ban Pumps Up Palm, Soyabean Oil Prices

Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders gear up Indonesia's export halt till the domestic cooking oil prices ease, Bloomberg reports. The policy has agitated the global $50 billion palm oil market as Indonesia initially said it would ban all exports of cooking…

Benzinga

‘Ostrich’ Boris Johnson has head in sand over cost of living, claims Labour

The Prime Minister repeatedly claimed Labour has ‘no plan’ and defended his Government’s economic record during PMQs.

The Independent UK

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Benzinga

Citi, Bank of America, Wells Fargo Shareholders Backed Proposals To Stop Financing New Fossil Fuel Supplies Doesn't Get Enough Support

Investors at Citigroup, Inc (NYSE:C) and Bank of America Corporation (NYSE:BAC) hardly backed proposals, essentially asking the banks to stop financing new fossil fuel supplies, Reuters reports. Wells Fargo & Company (NYSE:WFC) investors followed suit with a similar proposal. An expert saw the results reflect the current instability in energy markets and activists’ challenge in persuading…

Manchester Evening News

We looked inside Aldi, ASDA, Tesco, Lidl, Morrisons and Sainsbury's to see which still has cooking oil

The only supermarket with a full shelf of cooking oil was one of two that didn't have rations in place

Daily Record

Why is there a shortage of cooking oil and how many bottles can you buy?

If you're wondering why there is a shortage and how much you can buy, then we have all the information you need.

Benzinga

Oil Prices Stable Amid Balancing Act Of Russia Supply Fears and Asian Demand Concerns On COVID-19 Restrictions

On Wednesday, oil was steady after Russia cut gas supplies to Bulgaria and Poland. However, lingering concerns about Asian COVID-19 related lockdowns (especially in China) weigh on economic growth, and oil demand constrains the prices, writes Reuters. Brent crude futures rose $0.26, or 0.30%, to $105.25 a barrel by 0823 GMT. U.S.…

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Al Jazeera

Newly re-elected Macron to toughen stance on Russia: Analysts

Dialogue channels will remain open but Macron is expected to push for more aggressive position on Russia, analysts say.

Reuters

Activists turn off German oil pipelines in North Sea drilling protest

German climate activists turned off crude oil pipelines at five locations on Wednesday, demanding the country look for other ways to reduce its dependence on Russian gas than starting new fossil fuel-based infrastructure projects such as deep-sea drilling.

Asharq Al-Awsat

Iraq Starts Drilling 20 Oil Wells

Iraq’s Oil Ministry announced on Tuesday that it kicked off a project to drill 20 oil wells in the Nasiriyah oil field in the southern Dhi Qar province. Director-General of the Iraqi Drilling Company (IDC) Bassem Abdul Karim said the project is part of the contract signed with the Dhi…

Glasgow Live

Tesco, Morrisons and more introduce purchase limits on products due to Ukraine war

As a result of the Russian invasion of Ukraine, supermarkets such as Tesco, Iceland, and Morrisons have introduced limits on some products, meaning customers can only pick up a certain quantity at a time

Liverpool Echo

Cheap UK supermarket shoppers are scrambling to - and it's not Tesco or Asda

Two supermarkets are proving popular with shoppers as annual food bills rise by £271

Bangkok Post

Palm oil surges 5% as market prepares for Indonesia export ban

Palm oil jumped more than 5%, while rival soybean oil hit a fresh record high as traders prepare for the start of Indonesia’s export halt.

St. Louis Post-Dispatch

Editorial: Blaming Biden only goes so far in explaining current global inflation woes

A new International Monetary Fund report suggests that the economic hiccups roiling American politics are actually being felt worldwide and probably have little or nothing to do with President Joe Biden’s leadership. Biden certainly isn’t blameless for at least a portion of the nation’s current inflationary spiral, but the monetary…

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