Exclusive: Utilita Energy boss loses confidence in Ofgem after public warning July 18, 2022 Utilita Energy's no longer has confidence in Ofgem, after it criticised the supplier over its handling of direct debit payments.
Rio Tinto warns of heavy $400m hit to earnings as Covid-19 hampers production July 16, 2022 Rio Tinto has warned COVID 19-related labour shortages and rising inflation would damage its earnings in the second half of 2022.
Jubilant Kremlin held ‘big party’ when Boris Johnson resigned as Putin expects to break West’s resolve this winter July 16, 2022 RUSSIAN government officials held a party in the Kremlin in Moscow to celebrate the resignation of Boris Johnson, it has been claimed. “What I can tell you is that there was a big party in the Kremlin, when Boris Johnson resigned,” Ukrainian MP Oleksiy Goncharenko said. “It was in all Russian propaganda, it was said [...]
Gazprom demands return of key turbine amid Nord Stream 1 closure July 16, 2022 The prospect of further disruption to Nord Stream 1 escalated today, with Gazprom putting pressure on Siemens to deliver a turbine.
Exclusive: Starmer says UK can be better off outside EU than inside July 16, 2022 Labour leader Sir Keir Starmer has told City A.M. that the UK can have a better economic future outside the EU than inside if the government slashes post-Brexit red tape and diverges from Brussels’ regulations. Starmer, formerly a staunch Remainer and advocate of a second referendum, said this can only be done through greater “flexibility” [...]
Europe biggest market for US crude oil for first time in six years as Russia-Ukraine war rages on July 15, 2022 For the first time in six years, Europe was the top market for US crude oil as the Russia-Ukraine war continues to impact global markets. Europe overtook Asia, the previous top market, and received 213.1m barrels of crude while Asia received 191.1m barrels of American crude in the first five months of 2022, US Census [...]
Shell boss warns Europe could face energy rationing as ‘tough winter’ approaches July 14, 2022 Germany could have no choice but to ration its energy supplies if Russia turns off the taps, warned asset manager UBS.
Brussels slashes EU growth forecasts as euro faces ‘end of the beginning’ of US dollar slide July 14, 2022 The worst inflation surge in a generation driven by Russia’s invasion of Ukraine will choke European economic growth, revealed fresh forecasts published today. Predictions for output growth this year among the 27 members of the European Union (EU) remained unchanged at 2.7 per cent, but the European Commission (EC) downgraded expansion in 2023 by nearly [...]
21 killed and 100 wounded in central Ukraine: Russian Army accused of ‘open act of terrorism’ July 14, 2022 Around 21 people were killed and more than 100 wounded after Russian missiles struck a city in central Ukraine. The country’s president called the attack “an open act of terrorism” against civilians in locations without military value. Ukraine’s national police said three missiles hit an office building and damaged nearby residential buildings in Vinnytsia, which [...]
Stock market volatility stems profit slide at Morgan Stanley July 14, 2022 Strong trading activity driven by investors navigating choppy financial markets stemmed a profit slide at Wall Street investment bank Morgan Stanley, the firm announced today. A five per cent jump in equity net income in the three months to June compared to the same period a year ago kept the bank’s bottom line in reasonable [...]