UK energy suppliers could go bust after Saudi attacks, experts warn September 18, 2019 An attack on Saudi oil facilities might turn the screws on struggling energy suppliers, experts have warned, a year after a winter that felled several smaller firms. More companies might face bankruptcy if they have not bought enough energy in advance to supply their customers through what could be an unusually chilly winter. Read more: [...]
Sirius boss buys shares after project put on review September 18, 2019 The chief executive who put the brakes on his own mining project yesterday has bought more shares in the venture, after they collapsed by more than half. The family of Chris Fraser bought an extra 250,000 of Sirius Minerals shares at just over 4p each, the company revealed in a filing today. The family now [...]
Why the Bank of England will buck the trend and hold interest rates September 18, 2019 The US Federal Reserve and European Central Bank (ECB) both slashed interest rates at their last meetings, citing trade wars and stubborn inflation respectively. With the UK economy in contraction – it shrank 0.2 per cent in the second quarter – and inflation falling in August, there is a case for the Bank of England [...]
Trump authorises new sanctions on Iran September 18, 2019 US President Donald Trump has said that he will ramp up sanctions against Iran after alleging the country was behind an attack on Saudi Arabian oil refineries. “I have just instructed the Secretary of the Treasury to substantially increase Sanctions on the country of Iran!” the President tweeted. Read more: Iranian leader says Saudi attacks [...]
Sterling falls on lower inflation and Brexit concerns September 18, 2019 Sterling has fallen against the dollar this morning after UK inflation undershot expectations and traders’ nerves grew over Brexit. Read more: Falling computer game prices drag UK inflation to lowest rate in three years The pound was 0.4 per cent lower against the dollar by 10.45am UK time to buy $1.245. Yet the fall was [...]
Falling computer game prices drag UK inflation to lowest rate in three years September 18, 2019 UK inflation slipped to its lowest point in three years in August, official figures have shown, dragged down by falling computer game prices. Read more: Fall in UK unemployment pushes earnings growth to 11-year high Prices in British shops rose by an annualised rate of 1.7 per cent in August, the Office for National Statistics [...]
Can we avoid an energy crunch? September 18, 2019 | City Talk The energy transition has to happen. Climate change can no longer be ignored and the political will is finally there to confront the substantial challenges. The first stage of this process is the switch from energy produced by coal and gas to energy produced by renewables, such as wind, solar and geothermal. As part of [...]
Iranian leader says Saudi attacks were ‘warning’ from Yemenis September 18, 2019 Iran this morning denied any involvement in a series of attacks on Saudi Arabian oil infrastructure over the weekend as the Saudis prepare to reveal “material evidence” of Tehran’s role. Iranian President Hassan Rouhani said that the attacks had come as a “warning” from Houthi fighters in Yemen’s civil war, which he accused western countries [...]
There is a disconnect between government rhetoric and reality on climate change September 18, 2019 The noise around climate change and the risk it poses to the planet has reached fever-pitch, and pressure on the UK government to take action is increasing by the day. The Extinction Rebellion movement has repeatedly taken to the streets of London to demand action from policy-makers, while Swedish activist Greta Thunberg inspired schoolchildren to [...]
Dutch government to boost spending as king warns over Brexit and trade wars September 17, 2019 The Dutch government has announced it will increase spending and reduce its budget surplus, days after the European Central Bank (ECB) suggested such a move could help boost Eurozone growth. Read more: ECB turns stimulus taps back on with first rate cut in three years The Netherlands’ King Willem-Alexander, speaking as Prime Minister Mark Rutte’s [...]