Second smelter closes down as industry grapples with soaring energy bills August 17, 2022 The second European smelter in two days has announced it will halt production because of soaring energy costs.
Germany will run out of gas in less than three months if Russia turns off the taps August 17, 2022 Germany will suffer gas shortages in less than three months if Gazprom cuts off supplies to the continent, warned the country's regulator.
High commodity prices boost bin collector Biffa’s recycling revenues August 17, 2022 Waste collection company Biffa today posted “strong” financial results as high commodity prices bolstered the firm’s recycling business whilst offsetting far-reaching inflationary pressures. The High Wycombe headquartered firm said it had cut its statutory losses by 57 per cent from £40.5m in 2021 to 17.6m in 2022. The stronger financial performance came as Biffa’s [...]
Our kids are getting their news from TikTok – and Putin is using it against us August 17, 2022 Every year, telecoms regulator Ofcom releases a survey on how people consume the news. This year’s winner was TikTok, the fastest growing news source between 2020 and 2022. In the UK, the Chinese-owned app was as popular for news as Sky News’ website and app. Among teenagers in particular – those between 12 and 15 [...]
The Conservative case for net zero is the only one that makes sense to cut our bills August 17, 2022 Only the Conservatives can meaningfully make the UK net zero without overzealous intervention.
European Commission targets raw material ramp-up to meet green future August 16, 2022 The European Commission is hoping to boost production of homegrown raw materials needed for green energy to reduce its reliance on Russia.
BHP announces record $9bn handout to investors as soaring coal prices fuel profits August 16, 2022 BHP is handing out record sums to shareholders, after the multinational miner delivered bumper profits fuelled by soaring coal prices.
Inflation deals record blow to UK workers’ living standards August 16, 2022 Surging inflation has dealt a record blow to households’ wages in a sign the UK economy is tumbling into a sharp slowdown, official figures published today showed. Brits’ pay accounting for consumer price index inflation dropped 4.1 per cent over the last three months, the biggest drop since records began in 2001, according to the [...]
Labour pushes for price cap freeze to tame cost of living crisis August 15, 2022 Labour has waded into the energy crisis with £29bn proposals to ease household energy bills amid a deepening cost of living crisis.
Identifying politicians’ role in inflation surge is better than tweaking BoE mandate August 15, 2022 Understanding how much of the blame politicians should carry for inflation surging far above the Bank of England’s two per cent target would be “a better strategy” than tweaking its mandate, a top City economist said today. In a note, Paul Donovan, chief economist at investment bank UBS, said the UK’s inflation shock has been [...]