Goldman Sachs to continue business with fossil fuel companies October 19, 2021 Goldman Sachs will still work with fossil fuel companies. The Wall Street bank fears there will be “inflationary” consequences if private capital is diverted away from fossil fuels too aggressively. CEO David Solomon told Bloomberg that the bank will not stop its business with fossil fuel companies abruptly. Solomon stressed the need for a balanced [...]
Tesco opens new check-out free store October 19, 2021 Tesco has launched GetGo, its first checkout-free store in central London. The new store trial will allow customers to shop and pay without scanning a product or using a checkout. It is rolling out the technology to Tesco Express High Holborn. Customers with the Tesco.com app will now be able to check-in, pick up their groceries walk straight [...]
Companies risk £2.6bn loss building UK gas power plants October 19, 2021 Companies building new UK gas power plants risk losing £2.6 billion because they will be forced to abandon them before they can regain their investment, warns a new report. Financial think tank Carbon Tracker argues that most gas plants that are planned or under construction in Europe and the US will never break even. The [...]
Government pushes UK households to ditch gas boilers with £450m upgrade scheme October 18, 2021 The government is encouraging households to swap fossil fuel boilers for low carbon alternatives with a £450m upgrade scheme. Households will now benefit from £5,000 government grants to install low carbon technologies such as a hydrogen-ready boiler or a heat pump. The grants will be available from next April, and will mean consumers will pay [...]
Apple unveils upgrades for MacBook Pro laptops and AirPods October 18, 2021 Apple has announced the revamping of its MacBook Pro laptops and AirPods. Chief executive Tim Cook launched the redesigned earbuds and the first of the company’s improved high-end computers at a livestream on Monday. The new MacBook Pro comes with larger, sharper screens and M1 Pro and M1 Max chips, as the company continues its switch [...]
Goto Energy collapses amid energy price crisis October 18, 2021 Goto Energy has ceased trading. It is 16th energy supplier to go bust this year and the 13th since the crisis began in September. The sector is struggling to cope with record high gas prices. Soaring wholesale costs combined with the £1,277 price cap on the average energy customer has resulted in many energy firms [...]
Nord Stream 2 fills pipeline with gas ahead of regulatory approval October 18, 2021 Nord Stream 2 has been filled with “technical gas” while awaiting clearance from Germany’s regulator. The pipeline’s Swiss operator Nord Stream 2 AG has filled the first of the project’s two lines with 177 million cubic metres of gas in order to maintain pressure in the pipeline for future exports. The newly constructed 764-mile pipeline [...]
Family pays tribute to Sir David Amess MP October 17, 2021 The family of Sir David Amess MP have said their “hearts are shattered” and that they are “enormously proud of him”. Sir David Amess, 69, was stabbed to death on Friday during a constituency surgery at Belfairs Methodist Church in Leigh, Essex. He was married with four daughters and a son. In a statement released [...]
Bank of England will ‘have to act’ to curb inflation October 17, 2021 Bank of England Governor Andrew Bailey has signaled that the Bank of England is gearing up to increase interest rates. The central bank is considering raising interest rates for the first time since the onset of the coronavirus crisis due to increasing inflation risks. He believes the surge in energy prices raises the risk of [...]
Russia will look to ‘rescue’ UK in energy crisis October 17, 2021 Russia will try to “come to the rescue” of the UK amid rapidly rising energy costs, says the country’s ambassador Andrei Kelin. He told Andrew Marr that that if there is an “opportunity” to help the UK, then the country will “do what we can to alleviate difficult conditions which are now being created with [...]
