Fourth Leak Found On Nord Stream Pipelines, Swedish Coast Guard Says - Doo Prime News
Doo Prime News > Industry Dynamics > Fourth Leak Found On Nord Stream Pipelines, Swedish Coast Guard Says

OSLO, Sept 29 (Reuters) – Sweden’s coast guard discovered a fourth gas leak on the damaged Nord Stream pipelines earlier this week, a spokesperson told the Svenska Dagbladet newspaper.

The European Union suspects sabotage was behind the gas leaks on the subsea Russian pipelines to Europe and has promised a “robust” response to any intentional disruption of its energy infrastructure.

“Two of these four are in Sweden’s exclusive economic zone,” coast guard spokesperson Jenny Larsson told the paper late on Wednesday. The other two breaches are in the Danish exclusive economic zone.

Full coverage: REUTERS

Taiwan To End COVID Quarantine For Arrivals, Welcome Back Tourists

TAIPEI, Sept 29 (Reuters) – Taiwan will end its mandatory COVID-19 quarantine for arrivals from Oct. 13 and welcome tourists back, the government said on Thursday, completing a major step on its plan to re-open to the outside world.

Taiwan had kept some of its entry and quarantine rules in place as large parts of the rest of Asia relaxed or lifted them completely, although in June it cut the number of days required in isolation for arrivals to three from seven previously.

Full coverage: REUTERS

Breakfast In, Shopping Out: Tourists To The U.S. Hit By Soaring Dollar

SAN FRANCISCO/NEW YORK/LONDON, Sept 29 (Reuters) – In the weeks before heading to San Francisco for their vacation this month, Jeff Skipper and his wife Valerie, from the United Kingdom, watched helplessly as the U.S. dollar continued its meteoric rise against the British pound.

The sterling/dollar exchange rate – which slumped to a record low this week – has reduced the affordability of the already pricey Golden Gate City for the couple, forcing them to economize on some holiday luxuries.

Full coverage: REUTERS

China’s Yuan Unlikely To Continue Rapid Depreciation – State Media

SHANGHAI, Sept 29 (Reuters) – China’s yuan is unlikely to continue depreciating rapidly, the state-owned Securities Times said in a front-page commentary on Thursday, as currencies continue to be pressured by a U.S. dollar boosted by hawkish Federal Reserve monetary tightening.

Prudent balance of payments has lent support and led somewhat “restrained” losses in the yuan compared with peers, the newspaper said.

“As long as market expectations can be stabilised, and as the policies to support domestic economic growth continue to take effect, it will be hard for the dollar index to bring huge volatility to the yuan,” it said.

Full coverage: REUTERS

Oil Price Dips As Dollar Strengthens, Demand Weakens

Sept 29 (Reuters) – Oil prices retreated slightly on Thursday after gaining more than $3 in the prior session, with a strong dollar capping oil demand from buyers using other currencies and concerns over the faltering economic outlook clouding market sentiment.

Brent crude futures fell 41 cents, or 0.5%, to $88.91 per barrel by 0337 GMT while U.S. crude futures dropped by 35 cents, or 0.4%, to $81.80.

Both benchmarks had rebounded in the prior two sessions after reaching nine-month lows this week after a temporary dive in the dollar index and a larger-than-expected drawdown of U.S. fuel inventory raised hopes of a consumer demand recovery.

Full coverage: REUTERS

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