Britain is being failed by a lumbering digital state September 5, 2022 If you’re struggling to heat your home, how would you feel if you just missed out on £1,467 because of a computer glitch? In May this year, Rishi Sunak was blocked from raising benefits in line with inflation. The culprit? A 40-year-old IT system unable to process more than one benefit rise a year. Ineffective [...]
Economic fraudsters are shapeshifters who adapt their crime to fit the tech or the crisis September 5, 2022 Later today we will know who has won the Conservative Party leadership election and, in turn, welcome a new prime minister. Immediately there will be many priorities the new administration will have to address as the UK faces major economic, social and environmental challenges. Amid this bulging in-tray, one thing that should not be forgotten [...]
Gazprom says Siemens ready to repair Nord Stream 1 pipeline September 3, 2022 Russian energy firm Gazprom has suggested Siemens was ready to fix its gas pipeline to Germany, after its reopening was delayed this weekend. An oil leak in a turbine on the Nord Stream 1 pipeline means it will be closed until further notice, after being closed for several days due to maintenance work. On Saturday, [...]
Gazprom scraps plans to reopen Nord Stream pipeline September 2, 2022 Gazprom has scrapped plans to resume flows through a key pipeline into Germany, raising the prospect of supply shortages.
G7 confirms plans to cap Russian oil prices September 2, 2022 Plans to impose an energy price cap on Russian oil are expected to be firmed up by G7 finance ministers when they meet later today.
Westminster push for North Sea fossil fuels slammed by climate groups September 2, 2022 Climate groups have criticised Westminster's latest attempts to boost oil and gas production in the North Sea.
EU considers bloc-wide tax on energy prices as winter crisis deepens September 1, 2022 The EU could bring in a bloc-wide tax on energy profits and cap prices as it ramps up its response to an escalating winter crisis.
Zaporizhzhya: Concern as Europe’s largest nuclear plant shelled by Russia before inspectors arrive September 1, 2022 Major concerns have been raised over Russian attacks on Europe’s biggest nuclear reactor in south-eastern Ukraine. The Kremlin’s forces conducted military operations near the route for officials visiting the Zaporizhzhya Nuclear Power Plant, from the International Atomic Energy Agency (IAEA) today. The Defence Intelligence of Ukraine said Moscow targeted the city of Enerhodar and territory [...]
Head of Russia’s biggest private oil producer, who criticised the war in Ukraine, dies after ‘falling out of hospital window’ September 1, 2022 The head of Russia’s biggest privately held oil producer, who criticised the Kremlin’s invasion of Ukraine, has died after reportedly falling out of a hospital window. Ravil Maganov, chair of the board of LUKOIL, died this week in mysterious circumstances, according to Russian-language site Interfax, as reported by the FT’s Moscow correspondent. The company is [...]
Kremlin set for £8.6bn pay-out as Gazprom unveils record profits August 31, 2022 Gazprom is set to hand the Russian Government a hefty £8.6bn pay-out after reporting record profits powered by soaring oil and gas prices.