Oil jumps on report US and UK to announce bans on Russian oil imports – business live

Rolling coverage of the latest economic and financial newsFull story: Joe Biden to ban Russian oil imports over Ukraine invasionUK expected to announce ban on Russian oil over coming monthsOil jumps as US to announce ban on Russian oil importsLondon Metal Exchange to cancel today’s nickel tradesBloomberg: Chinese Tycoon Behind Big Nickel Short Faces Billions in LossesShell to pull out of Russian oil and gas marketEconomists slash UK growth forecasts as inflation surgesEurope’s stock markets are calmer this morning, after recent heavy falls.In London, the FTSE 100 index is down just 12 points, or 0.2%, having hit seven-month lows at one point yesterday before partially recovering. Continue reading…

Rolling coverage of the latest economic and financial news

Europe’s stock markets are calmer this morning, after recent heavy falls.

In London, the FTSE 100 index is down just 12 points, or 0.2%, having hit seven-month lows at one point yesterday before partially recovering.

Continue reading…

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