Renewable boom eases global emissions, reveals leading climate body October 19, 2022 Global emissions are only expected to grow by under one per cent this year thanks to a renewable boom, according to the IEA.
Bank of England to launch record rate rise to step up fight against 40-year high inflation October 19, 2022 The Bank of England will have to hike interest rates by a record whole percentage point at its meeting on 3 November, City economists are betting today after inflation returned to a 40 year high of 10.1 per cent last month. Prices are still rising sharply despite the Bank already lifting borrowing costs seven times [...]
Ithaca Energy to test investor appetite with London listing October 19, 2022 Ithaca Energy (Ithaca) has announced plans for a London listing, gauging investor appetite for oil and gas companies.
The Italian Job: Octopus announces joint green energy venture with Nesta October 19, 2022 Octopus Energy Generation has continued its expansion plans into Europe, deepening its role in Italy’s green power market.
Experts say energy bills will stay high despite gas price slump October 18, 2022 Don't expect energy bills to revert to normal levels this winter, warn experts, despite the recent easing of gas prices.
The UK created the World Wide Web, now it can lead the race for an ‘internet for money’ October 18, 2022 The development of CBDCs represents an opportunity for the UK to re-establish itself as the financial centre of the world, says Paul Sisnett.
Exodus of London bosses as FTSE 350 CEO departures triple in just one year October 18, 2022 There has been a sharp increase in the number of FTSE 350 CEOs leaving their businesses. In fact, chief execs stepping down jumped by 162.5 per cent this year, compared to a year ago. The figures by advisory firm Russell Reynolds Associates are more extreme than those seen in the US where year to date [...]
Verdict on Liz Truss in world media outright brutal as PM turns into global laughing stock October 18, 2022 Developments in the UK have been closely followed by media across Europe and the rest of the world, and the verdict from most outlets is outright brutal. The Colombian newspaper El Colombiano, carrying a story with the headline “Liz Truss the Brief”, wrote that “Liz Truss, who’s been the British PM for barely six weeks, [...]
Gold prices propped up by bullish demand in Asia despite hawkish Fed October 17, 2022 Gold prices are trapped in a narrow pricing corridor, with robust demand in Asia preventing a tumble in prices.
Furious En+ chairman hits back at Bloomberg for ‘wrong article’ on US sanctions October 17, 2022 Christopher Burnham, chairman of En+ Group, generally considered the world’s leading producer of low carbon aluminium and hydropower, has hit back at media giant Bloomberg. Its news site ran an article on 12 October making a series of allegations with regards to En+ Group’s relations to Russia and sanction compliance, which City A.M. won’t repeat [...]