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  • News
    The Canadian Press

    Russia rejects $60-a-barrel cap on its oil, warns of cutoffs

    KYIV, Ukraine (AP) — Russian authorities rejected a price cap on the country's oil set by Ukraine’s Western supporters and threatened Saturday to stop supplying the nations that endorsed it. Australia, Britain, Canada, Japan, the United States and the 27-nation European Union agreed Friday to cap what they would pay for Russian oil at $60-per-barrel. The limit is set to take effect Monday, along with an EU embargo on Russian oil shipped by sea. Kremlin spokesman Dmitry Peskov said Russia needed

  • News
    Bloomberg

    Ukraine Latest: UK Arrests Russian; Zelenskiy Faults Price Cap

    (Bloomberg) -- Most Read from BloombergLarry Summers Says Fed Will Need to Boost Rates More Than Markets ExpectMusk’s Neuralink Hopes to Implant Computer in Human Brain in Six MonthsMusk Hails Release of Twitter Emails on Hunter Biden StoryStock Market Gamblers Let It Ride Again in Brutal YearWhy Blackstone’s $69 Billion Property Fund Is Signaling Pain Ahead for Real Estate IndustryPresident Volodymyr Zelenskiy called the $60 per barrel price cap on Russian crude a sign of weakness toward Moscow

  • News
    The Canadian Press

    Moldova signs new energy deal that could ease blackout risk

    CHISINAU, Moldova (AP) — Moldova has struck a deal to renew severed electricity supplies from its breakaway, Moscow-backed region of Transnistria to lower the risk of more massive blackouts amid an acute winter energy crisis, a senior Moldovan official said Saturday. Deputy Prime Minister Andrei Spinu said Moldovan state power company Energocom has signed a deal for December with the gas-operated Kuciurgan electricity plant in Transnistria. At the beginning of November, the plant stopped supplyi

  • Business
    Business Insider

    Apple is accelerating plans to move production out of China as protests and riots intensify in response to zero-Covid policies, report says

    The company is ramping up efforts to shift manufacturing to other Asian countries like India and Vietnam in order to distance itself from Foxconn.