UK debt interest payments show the desperate need for economic growth August 18, 2022 Towards the end of the Johnson administration, which still staggers along in zombie-like fashion, it became fashionable to say that the problem was it never really stood for anything. This is true: even now with a degree of distance, Johnsonism remains something of a mystery beyond its defining principle that Boris remain very much in [...]
Keir Starmer’s plan to freeze the price cap would leave us all out in the cold August 18, 2022 There is an old nursery rhyme about how an elderly lady tried to rectify swallowing a fly by swallowing a spider, only to quickly realise she would now need to deal with the spider. She proceeds to consume a whole host of animals until she predictably dies. It’s a pleasingly nonsensical and morbid illustration of [...]
Banks and lenders can step in to push ESG reporting without waiting for new laws August 18, 2022 Environmental and Social Governance – or ESG – has dominated debates in the business world. But it’s difficult to separate the volume of the talk from concrete results. There is now a framework for companies to disclose climate-related risks and opportunities, but these reporting rules are only mandatory for around 1,300 of the biggest businesses [...]
Exclusive: Three names Iain Milligan as new Chief Network Officer to drive 5G rollout August 18, 2022 Three UK today announced that Iain Milligan has been appointed the new Chief Network Officer (CNO), responsible for the rollout of the firm's 5G growth.
Letters: Don’t point the finger at me August 18, 2022 [Re: Inflation deals record blow to UK workers’ living standards, August 16] The latest statistics from the Office for National Statistics highlight the fact that the UK labour market is constantly reacting to a cocktail of external forces which impacts its balance, creating a headache for employers. Whilst the statistics show that the number of [...]
Ofgem under pressure as director quits role after price cap changes August 17, 2022 An Ofgem director has quit their role after the watchdog changed the methodology of the price cap, imposing hundreds of pounds on households.
Exclusive: ‘No surprises’ for Hochschild Mining with output resilient amid plunging profits August 17, 2022 Hochschild boss Ignacio Bustamante argued there were “no surprises” in the company's results, despite a sharp plunge in profits.
Norway sovereign fund loses more than $150bn thanks to tech rout August 17, 2022 Reuters Norway’s sovereign wealth fund, the world’s largest, made a record loss of 1.68 trillion Norwegian crowns ($174 billion) in the first half of 2022 as stocks and bonds were hit by global recession fears and rampant price inflation. The $1.3 trillion fund’s return on investment was a negative 14.4% for the January-June period, which [...]
UK government must release details on Rwanda’s human rights record, court rules August 17, 2022 The UK government must publish six out of ten extracts from internal documents relating to Rwanda’s human rights record after the government sought to withhold them from the public, the High Court ruled today. Lord Justice Clive Lewis said the majority of the ten extracts should be made public after the government argued publishing them [...]
Russia has 38 per cent jump in energy export earnings this year: internal document August 17, 2022 Reuters Higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters. The jump in revenues, if it materialises, will help shore up Russia’s economy in the face of waves of [...]
