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DUP leader, UK trade minister call for Brexit backstop overhaul

London - “The UK needs a unilateral exit mechanism from the backstop, but we can give the Irish government assurances that we would put in place specific measures to guarantee no return to a hard border,” Raab said.

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Strasbourg suspect was jailed for theft in Germany

Berlin - The French man suspected of killing two people and wounding 12 others at a French Christmas market had been imprisoned in Germany in 2016 and 2017,

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ArcelorMittal urges extended, reformed EU caps on steel imports

Paris - ArcelorMittal, the world’s largest steelmaker, said on Tuesday it was “absolutely critical” that Europe protect itself with measures to restrict imports of steel and remedy weaknesses in its existing system

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Australia becomes first LNG exporter

Singapore - Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday

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OPEC, Russia moving closer to agreeing oil cuts for 2019

Vienna - Saudi Arabia has been seeking to persuade Russia to cut oil production substantially with OPEC next year in a bid to halt a decline in the price of crude and prevent another global glut.

France dangles wealth tax review as “yellow vest” anger persists
OPEC works on deal to cut output

OPEC works on deal to cut output

Vienna - OPEC and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia’s resistance to a significant production cut was so far the main stumbling block

Trade, U.S. expects immediate action from China

Trade, U.S. expects immediate action from China

Washington - The United States expects immediate action by China on trade issues after a deal reached by the countries’ leaders, including lower tariffs on automobiles and measures against intellectual property theft and forced technology transfers

Oil toils after worst month in a decade

Oil toils after worst month in a decade

London - Oil toiled at a more than one-year low after its worst month in a decade on Friday, while most major markets were keeping moves tight ahead of a weekend meeting between U.S. and Chinese presidents Donald Trump and Xi Jinping

“EU will extend Russia sanctions in December”

“EU will extend Russia sanctions in December”

Buenos Aires - The European Union will extend its existing economic sanctions on Russia next month, a top official with the bloc said on Friday after Moscow’s action against Ukraine’s navy in the Sea of Azov. European Council President Donald Tusk will chair a summit of EU leaders on Dec. 13-14

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