Europe’s gas crisis: what does it mean for investors? August 23, 2022 Europe faces high gas prices and potential shortages as supply from Russia dwindles. We ask our investment experts what this means for companies, the energy transition, and the eurozone economy. Europe’s precarious gas supply situation has been a prime focus for markets ever since Russia’s invasion of Ukraine at the end of February. The European [...]
Ukraine: Insurers provide first policy for grain shipment out of war-torn country August 23, 2022 Lloyd’s of London broker Ascot and insurer Marsh have written their first insurance policy for a ship carrying Ukrainian grain out of the country’s Black Sea ports following the signing of Russia and Ukraine’s safe passage deal last month. The shipping insurance policy is set to reinforce the UN brokered deal to reopen Ukraine’s seaports [...]
Recession looms over European economies grappling with soaring gas prices August 23, 2022 Recession is looming over Europe’s largest economies, driven by record inflation fuelled by high energy prices squeezing businesses and households, surveys published today showed. Consumers on the Continent are shrinking spending in response to record inflation sharply hitting their finances. Elevated gas costs, caused by Russia seemingly retaliating to western sanctions after the Ukraine invasion [...]
EDF Energy calls for more household support as price cap prediction jumps £6,500 August 23, 2022 Half of British households are facing fuel poverty this winter, unless the Government does more to help ease energy bills, warned EDF Energy (EDF) – one of the UK’s big five energy suppliers A household is considered to be in fuel poverty if it has to spend 10 per cent or more of its disposable [...]
Navigating systemic risks: Ukraine, climate and crypto August 23, 2022 “You cannot anticipate exactly how these risks or dangers are going to play out… But we should be pretty assertive in insisting that we need certain principles, including enough capital buffers — that is, equity unencumbered by any kind of contingent debt or anything like that — that can really withstand shocks in the core [...]
Inflation to peak at more than 18 per cent, reckon Citi forecasters August 22, 2022 Inflation is set to surge above levels seen during the oil price shock in the late 1970s in a sign the UK economy is hurtling toward a long slump, new forecasts published today show. The cost of living will climb to 18.6 per cent in January, pushed higher by the energy watchdog hiking the cap [...]
Buffett’s Berkshire Hathaway gets greenlight to buy 50 per cent of Occidental Petroleum August 21, 2022 Warren Buffett’s investment giant Berkshire Hathaway has got the go ahead from a US energy regulator to buy up to 50 per cent of oil firm Occidental Petroleum.
Kwarteng says ‘help is coming’ as energy price cap looks set to exceed £6,000 next year August 21, 2022 Business secretary Kwasi Kwarteng has said that more support for households to cope with rising energy bills is on its way, as forecasters predict the energy price cap will exceed £6,000 in April next year. Writing in the Mail on Sunday, Kwarteng said: “Russia is the world’s largest natural gas producer. By deliberately restricting exports, [...]
Leading farming union defends solar panels from Tory attacks August 21, 2022 The UK’s largest agricultural body has defended the farming sector’s support of solar panels, despite criticism from both Tory leadership contenders.
Two Ukrainian Plays, Finborough Theatre, review: Haunting tales from Ukraine August 20, 2022 Some proceeds from Two Ukrainian Plays are donated toThe Voices of Children Charitable Foundation, a Ukrainian charity that provides urgently needed psychological and psychosocial support to children affected by the war in Ukraine. You can donate using this link above. The capital’s artistic organisations have been collaborating, producing and devising Ukrainian-themed work ever since Russia made [...]