World News

Heavy and medium sour crudes jump in U.S., Canada after killing of Iran commander

By Collin Eaton HOUSTON (Reuters) – Heavy Canadian and U.S. medium sour crude differentials strengthened on Friday following a U.S. air strike in Baghdad that killed Iran’s military commander Qassem Soleimani and stirred Middle East geopolitical tensions, traders said. Iran promised harsh revenge following the U.S. attack that killed Soleimani, considered by many to be […]

World News

Lebanon’s crisis needs $20 billion-$25 billion bailout, former minister says

By Eric Knecht BEIRUT (Reuters) – Lebanon needs a $20 billion-$25 billion bailout including International Monetary Fund support to emerge from its financial crisis, former economy minister Nasser Saidi told Reuters on Friday. Lebanon’s crisis has shattered confidence in its banking system and raised investors’ concerns that a default could loom for one of the […]

World News

Renewable energy’s share of German power mix rose to 46% last year: research group

FRANKFURT (Reuters) – Renewable energy’s share of Germany’s overall power supply mix rose by 5.4 percentage points last year to 46%, data from Europe’s biggest state-funded research and development service showed. Europe’s biggest economy is aiming for renewables to provide 65% of its power mix by 2030. It says it will abandon nuclear energy by […]

World News

Natura Executive Chairman Marques named group CEO as Avon deal closes

(Reuters) – Brazilian personal care cosmetics maker Natura & Co Holding SA <NTCO3.SA> on Friday named Executive Chairman Roberto Marques as group chief executive officer after closing its acquisition of Avon Products Inc <AVP.N>. Jan Zijderveld, Avon’s Chief Executive Officer, also stepped down following the completion of the deal. He will be succeeded by Angela […]