British Gas owner Centrica strikes mega deal with Equinor to boost supplies to British homes June 16, 2022 One billion more cubic meters of gas will enter the UK market for each of the next three winters - after Centrica reached a mega deal with Equinor today.
Tensions mount between the Kremlin and the West as Gazprom cuts gas flows into Europe June 16, 2022 Europe is facing up to the growing prospect of a future without Russian gas, amid cuts from key pipeline Nord Stream 1.
UK small businesses being priced out of cyber insurance by high premiums and cost-of-living crunch June 16, 2022 The UK’s small businesses are increasingly being priced out of cyber insurance policies, due to sky-high premiums and the cost-of-living crunch. Almost a third (29 per cent) of companies with fewer than 250 staff cancelled their cyber insurance policies last year, as part of efforts to cut costs, research from GlobalData shows. A further 17.3 [...]
France’s Macron, Germany’s Sholz and Italy’s Draghi take train to Ukraine and offer Kyiv a ‘message of unity’ June 16, 2022 German, French and Italian leaders have visited Kyiv to send a “message of unity” to Ukraine, as officials push for more weapons to be sent to the country. French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi took an overnight train, on a secret trip which reportedly took months to [...]
Russia attacking eastern city of Luhansk ‘in nine different directions’ June 16, 2022 Ukraine has said the Kremlin is attacking the eastern Luhansk region from nine different directions. The head of Kyiv’s military said Moscow was launching strikes across the north of the region of eastern Ukraine. This comes amid major concerns about the encirclement of the city of Sievierodonetsk in the Donetsk region, leaving thousands of people [...]
Taco Bell ‘on fire’ as Mexican fast-food chain gears up for 100th UK site June 16, 2022 “We’re on fire” is how Taco Bell International’s president Julie Felss Masino described the Mexican fast food chain’s rollout to CityA.M. After launching 50 sites in the UK over the past decade, the US-based firm has expanded by another extra 50 sites in just the past 18 months. The chain, a subsidiary of Pizza Hut [...]
Europe ramps up buys of South African coal amid supply security push ahead of Russia ban June 15, 2022 European countries have ramped up purchases of South African coal to meet their energy needs, as the continent scrambles to secure supplies.
Western sanctions struggle to hit Russian revenues, reveals IEA report June 15, 2022 Higher crude oil and fuel prices allowed Russian revenues to climb in May, revealed the International Energy Agency in its latest report.
Steel can power UK’s energy ambitions, says Severfield boss June 15, 2022 Steel has a vital role in boosting energy infrastructure and help power the transition to a greener economy, argued Severfield's boss.
Q&A: Are we heading towards a commodity super-cycle? June 15, 2022 Commodities have achieved strong price gains recently, prompting speculation that we could be in the early stages of a so-called super-cycle; a sustained period of growing demand exceeding supply. Global commodity prices have moved higher in the past few months, partly due to geopolitical issues such as Russia’s invasion of Ukraine. A mismatch of demand [...]