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Battle over $2,000 COVID-19 aid checks shifts to U.S. Senate

An unusual battle in Congress over President Donald Trump’s demand for $2,000 coronavirus aid checks for Americans shifts on Tuesday to the Senate, where Republicans opposed to higher spending are under pressure to approve the additional relief. The Democratic-led House of Representatives...

Oil prices flat as U.S. stimulus counters weak demand

Oil was little changed on Monday as optimism over the U.S. stimulus package and the start of a European vaccination campaign was offset by weak demand and the prospect of higher OPEC+ output. After U.S. President Donald Trump backed down from a threat to block a $2.3 trillion package to...

Iran gas company says slashed flow to Iraq over $6 bln debt

Iran's state gas company said on Monday it had slashed supplies to neighbouring Iraq over arrears of more than $6 billion, after the Iraqi electricity ministry said the cuts placed Baghdad and other cities at risk of serious power shortages. "The Iraqi Ministry of Electricity owes more than...

Pfizer delays vaccine deliveries to 8 EU nations: Spain

Pfizer has postponed the delivery of new batches of its coronavirus vaccine to eight European nations including Spain, the Spanish health ministry said Monday, a day after the EU began its immunisation campaign. The Spanish branch of Pfizer informed Madrid on Sunday night of the delay in...