Euro zone economic sentiment surged in April as vaccination campaigns against the coronavirus gathered speed, with sharp gains across all sectors of the economy that economists said marked the end of the pandemic-induced recession.
The Bank of Spain urged lenders on Thursday to increase provisions to cope with a potential rise in bad loans as the economy remained fragile because of the COVID-19 pandemic.
Kremlin critic Alexei Navalny denounced Russian President Vladimir Putin as a "naked, thieving king" on Thursday, looking gaunt but defiant in a courtroom video link from prison, his first public appearance since ending a hunger strike last week.
Struggling Canadian tour operator Transat AT said on Thursday it would borrow up to C$700 million ($569.71 million) from the Canadian government and use a portion of the funds to reimburse customers whose travel plans had to be canceled.
By Reuters Staff
1 Min Read
OSLO, April 29 (Reuters) - Western Europe’s largest oilfield, Johan Sverdrup, will ramp up its production in early May, sooner than previously expected, Swedish independent oil firm Lundin Energy said on Thursday.
“Phase 1 production capacity is about to step-up to 535,000 barrels of oil equivalent per day (boepd) gross, and I expect, when the impact on the full field capacity has been assessed, we will see an increase above the current guidance of 720,000 boepd,” Chief Executive Nick Walker said in a statement. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)