Bank of England offers energy firms backstop to combat soaring costs October 17, 2022 Energy firms will be able to apply for Government-backed guaranteed loans to secure their commercial future this winter.
Moscow’s elite in shock as another close Putin ally suddenly dies: Gazprom ‘wonderkid’ and Kremlin insider Nikolay Petrunin is no more October 17, 2022 Rumours are flying in Moscow today as it has emerged that another one of Vladimir Putin’s close allies has suddenly dies. Nikolay Petrunin, a 46-year-old Russian multimillionaire and a close confidant of the Russian president, is no more. The official reason by authorities was that the Gazprom executive has died as a result of complications [...]
A stormy outlook has put small businesses’ plans for net zero in a precarious bind October 17, 2022 In the face of a stormy global economic and geopolitical outlook, leaders from across the world will gather next month at the United Nations Climate Change Conference in Egypt. High inflation, soaring energy bills and Russia’s continuing military aggression against Ukraine have all, understandably, dominated the political agenda in recent weeks. Amid this backdrop, the [...]
Dam: Climate change poses risks to energy infrastructure October 16, 2022 Extreme weather events caused by climate change pose a significant risk to the world's energy infrastructure, warned the WMO.
Ukraine holds talks with US over gas reserves to fight supply crisis October 16, 2022 Ukraine is preparing to market its national gas reserves, and has entered into discussions with US firms over its supplies.
Gazprom boss threatens to halt gas supplies if Europe backs price cap October 16, 2022 Russia would halt gas supplies into Europe if the price of its gas exports was capped warned Gazprom boss Alexei Miller.
Sanctions on Russia are on a collision course with Europe’s green ambitions October 14, 2022 These days, Europe is seen as the weak link in the developed economic world. The European stock market is underperforming its US rival, down 22 per cent year-to-date. Even risky emerging markets are doing better. Likewise, Europe’s surging inflation rates, in countries like Germany and Spain (not to mention what the UK is going through), [...]
Exclusive: Government has botched Bulb crisis, says Westminster chair October 13, 2022 The Government has wasted Bulb protracted and pricey stint in administration, driving up costs for consumers.
UK borrowing costs drop as Kwarteng hints at mini budget U-turn October 13, 2022 UK borrowing costs collapsed today driven by chancellor Kwasi Kwarteng sending the strongest signal yet he will roll back elements of last month’s mini budget. Rates on UK gilts dropped across the curve after they yesterday climbed to their highest level since the day the Bank was forced to step in. Yields on the 30-year [...]
World Chess plots gambit onto London’s main market October 13, 2022 World Chess has revealed a bold gambit onto London’s main market today as its looks to raise €8m (£6.9m) to fuel the game’s expansion.