The global oil market points to short-term weakness ahead of the EU embargo on Russian oil

NEW YORK (Reuters) – The global oil market is signaling a possible turnaround, as traders and analysts worry about lower demand for crude and an oversupply market in the coming months. After months of strength, crude oil futures are tipping to lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Canada launches new Indo-Pacific strategy, focused on ‘disruptive’ China

OTTAWA (Reuters) – Canada on Sunday launched its long-awaited Indo-Pacific strategy, pledging more resources to deal with a “troubled” China as it works with the world’s second-biggest economy on climate change and trade issues. The 26-page document outlined spending of C$2.3 billion ($1.7 billion), including to bolster Canada’s military presence and cyber security in the … Read more

The European Union warns of an escalation of the dispute over license plates in Kosovo and Serbia

BRUSSELS/BELGRADE (Reuters) – The European Union warned on Monday of “escalation and violence” after emergency talks between Kosovo and Serbia failed to resolve their long-running dispute over license plates for cars used by Kosovo’s ethnic Serb minority. “After many hours of discussion … the two sides did not agree on today’s solution,” EU foreign policy … Read more

Exclusive: Tesla considering exporting electric vehicles from Shanghai to the US and Canada

SHANGHAI (Reuters) – Two people familiar with Tesla’s plan told Reuters that Tesla has considered plans to export electric cars made in China to the United States and Canada, a move that would connect its largest factory to North America. Its biggest market. Tesla has assessed whether its Model 3 and Model Y electric cars … Read more