Russia holds its breath as Putin mobilises hundreds of thousands amid risk Ukraine war may turn nuclear September 21, 2022 The Russian president announced earlier this morning a partial military mobilisation, with 300,000 reservists set to be called up as the Kremlin attempts to regain ground in the face of a counter-attack by Ukraine’s forces. Vladimir Putin warned Russia would use “all the means at our disposal” to protect itself as the conflict in Ukraine [...]
Taxpayers to foot the bill for half of businesses’ electricity bills September 21, 2022 Taxpayers will have to cough up half the electricity costs for British businesses this winter amid threats of blackouts.
More sectors flash recession warning amid spending cooldown September 21, 2022 More sectors of the UK economy are flashing recession signals caused by consumers cutting spending in response to surging prices, a fresh survey published today reveals. Some 11 sectors out of the 14 tracked by Lloyds Bank recorded a slump in both demand and output last month. It is the fourth month in a row [...]
Hungary urges EU not to bring in more sanctions on Russia September 20, 2022 Hungary has urged the EU not to impose new sanctions on Russia, warning that further measures would escalate the supply crisis.
Uniper set for nationalisation as Germany closes in on deal with Fortnum September 20, 2022 Uniper is on the verge of being fully nationalised, with the German government announcing plans to buy Fortum's stake in the company.
Aramco boss blames Europe for energy supply crisis this winter September 20, 2022 Europe's plans to cap bills for consumers is not a long-term helpful solutions o the global energy crisis, argued Aramco boss Amin Nasser.
Liz Truss refuses to rule out scrapping the bankers’ bonus cap September 20, 2022 Liz Truss has today warned that not all her policies will be “popular” as she refuses to rule out scrapping the bankers’ bonus cap. The Prime Minister told journalists in New York that “what is important to me, what is important to the chancellor, is that people have more opportunities, there is more investment, there [...]
German business costs accelerate at quickest pace on record September 20, 2022 German business costs have soared at the fastest rate ever in a sign that more financial woe is set to be heaped on consumers. Input prices, known as the producer price index, surged 45.8 per cent last month, according to Germany’s statistics agency. The record jump was driven by a near tripling in electricity prices. [...]
Truss vows to maintain UK’s military aid for Ukraine in 2023 September 20, 2022 Liz Truss has vowed to maintain the UK’s military aid for Ukraine next year, after arriving in New York for the United Nations General Assembly. The Prime Minister will underline her commitment to Ukraine in her UN speech tomorrow and tell western leaders that “we must put an end to Putin’s economic blackmail by removing [...]
IEA calls for global ban on petrol and diesel car sales by 2035 September 20, 2022 The International Energy Agency (IEA) has called for a global ban on the sale of petrol and diesel cars by 2035. In a report published today, the intergovernmental agency said that global progress on the transition to net-zero transport is falling short of Paris Agreement targets. The study revealed that electric vehicles need to increase [...]