Gas prices rise amid Yamal-Europe pipeline turbulence and Ukraine tensions February 2, 2022 Gas prices have recovered from a mini-slump this month after flows in the Yamal-Europe pipeline were halted in both directions.
White House cybersecurity lead to help NATO prep for potential Russian cyberattacks February 2, 2022 The US has sent its top cybersecurity official to NATO in a bid to prepare European allies for potential Russian cyberattacks. Intelligence assessments suggest that Russia would issue cyberattacks on Ukraine’s electricity grid, its communications systems and its government, prior to invading. The relationship between Russia and Ukraine has been turbulent since Ukraine gained independence [...]
UK to strengthen ‘space clusters’ following £1.4bn defence investment February 2, 2022 The UK is set to inject extra cash into so-called ‘space clusters’ – regional hubs where the space industry is booming, such as Cornwall and Scotland. Forming part of the government’s Levelling Up White Paper today, it comes as the Ministry of Defence (MoD) confirmed a £1.4bn investment into future space defence yesterday. Defence secretary [...]
EU emissions trading rises to record highs in volatile energy market February 2, 2022 Prices in European Union (EU) emissions trading have reached record highs amid increased demand for allowances, and fears of gas supply shortages as tensions fester between Russia and the West over the future of Ukraine. The EU Emissions Trading Schemes recorded prices just shy of €93 per ton this morning. Demand for electricity across the [...]
Government plans £6bn loan scheme to protect households from soaring energy bills February 2, 2022 Downing Street will offer struggling energy companies access to billions of pounds in state-backed loans, according to The Times.
Microgravity as a service: Commercial space sector gets NASA green light February 2, 2022 Microgravity is increasingly widening the benefits of space, allowing scientists to manipulate materials and elements in ways that are impossible on Earth. However, there is limited investment in microgravity as a commercial sector. Used frequently by astronauts within the International Space Station (ISS), what it could mean for the UK’s pharmaceutical industry is yet to [...]
UK law enforcement regime not ‘up to the job’ to prevent anti-money laundering, MPs warn February 2, 2022 The UK’s law enforcement regime is not “up to the job” to prevent fraud and money laundering infiltrating the country’s financial system, according to findings by an influential group of cross-party MPs published today. It is far too easy for financial criminals to clean dirty money through Britain and the government needs to urgently strengthen [...]
Ukrainian President Zelensky warns of ‘fully fledged’ European war if Russia invades February 1, 2022 A Russia-Ukraine conflict would turn into a “fully fledged” European war, Ukrainian President Volodymyr Zelensky has warned. Zelenksy met with Boris Johnson in Kyiv today, with the Ukrainian President telling a press conference that “we have to be prepared for bad things” as fears continue to mount that Russian President Vladimir Putin will launch an [...]
Oil prices drop below $90 as OPEC+ commit to supply boost February 1, 2022 Market rallies on both major benchmarks have stalled this amid speculation OPEC+ could further increase supply targets this week.
Letters: It’s not me, it’s U-kraine February 1, 2022 [Re: Ukraine: UK calls on European allies to put more pressure on Russia, Jan 28) On Friday, the UK’s National Cyber Security Centre (NCSC) advised companies to bolster their defences amid fears cyber-attacks linked to tensions in Ukraine could spill outside of its borders. This was a welcome intervention on a very real threat. The [...]