Kremlin set for £8.6bn pay-out as Gazprom unveils record profits August 31, 2022 Gazprom is set to hand the Russian Government a hefty £8.6bn pay-out after reporting record profits powered by soaring oil and gas prices.
Europe braces for winter crisis as Gazprom halts flows from Nord Stream pipeline August 31, 2022 Gazprom has halted gas flows into the Nord Stream 1 for the next three days to complete maintenance work on the key pipeline.
European Central Bank could be forced into 75 basis point hike to tame record inflation August 31, 2022 The European Central Bank could be forced to hike interest rates by a historic 75 basis points next week to tame the largest inflation surge on record, economists bet today. The monetary authority governing the 19 countries using the euro may have to respond strongly or risk elevated prices being embedded into the bloc’s economy [...]
END OF AN ERA: Mikhail Gorbachev, last Soviet leader who ended cold war without bloodshed, dies aged 91 August 31, 2022 Mikhail Gorbachev, the former Soviet Union president and Nobel Peace Prize winner, credited with ending the Cold War, has died aged 91 Gorbachev ended the Cold War without bloodshed but failed to prevent the collapse of the Soviet Union, while introducing Russia to western brands like Pizza Hut and McDonald’s. Gorbachev, the last Soviet president, [...]
North Sea body urges Government to confirm green rules for new projects August 31, 2022 OEUK has called on the Government to publish its requirements for exploration projects ahead of a looming winter crisis.
Gas prices plunge as Germany closes in on storage targets August 30, 2022 Gas prices have fallen sharply today amid reports Germany is on course to meet its gas storage targets for October.
Exclusive: Truss ally Rees-Mogg holds talks with energy firms in supply bid August 30, 2022 Truss backer Rees-Mogg has been holding urgent talks with oil and gas companies ahead of a looming winter crisis.
Revolution Beauty to suspend trading as it fails to complete audit August 30, 2022 Revolution Beauty has said it will suspend trading of its ordinary shares as the retailer fails to complete its audit for the financial year.
Jacob Rees-Mogg meets energy giants in bid to boost North Sea oil and gas supplies August 30, 2022 Senior Government Minister and Liz Truss backer Jacob Rees-Mogg has been meeting with oil and gas companies.
Pubs and brewers at risk from energy crisis, warn UK’s biggest pub companies August 30, 2022 Pubs and brewers across the UK are at risk of closure within months amid price hikes upwards of 300 per cent, industry bosses have warned. Bosses of six of the UK’s biggest pub and brewing companies have signed an open letter to the Government urging it to act in order to avoid “real and serious [...]