Navigating systemic risks: Ukraine, climate and crypto August 23, 2022 “You cannot anticipate exactly how these risks or dangers are going to play out… But we should be pretty assertive in insisting that we need certain principles, including enough capital buffers — that is, equity unencumbered by any kind of contingent debt or anything like that — that can really withstand shocks in the core [...]
Germany chases Canadian LNG to stave off supply shortages this winter August 23, 2022 Germany is targeting Canadian liquefied natural gas to help ease its shift away from Russian gas imports this winter.
Leading farming union defends solar panels from Tory attacks August 21, 2022 The UK’s largest agricultural body has defended the farming sector’s support of solar panels, despite criticism from both Tory leadership contenders.
Germany will struggle to reach gas storage target warns energy chief August 18, 2022 Germany will struggle to reach its November targets for gas storage levels this winter, warned the country's energy regulator.
Lloyd’s of London tells insurers to halt covering state-backed cyberattacks August 18, 2022 Lloyd’s of London has said its insurers will be required to stop covering state-backed cyberattacks in their standard cyber insurance policies. The centuries-old insurance marketplace told its underwriters to make exclusions for cyberattacks launched by governments and state actors, over concerns such attacks could expose the market to unmanageable losses. “If not managed properly [a [...]
Russia has 38 per cent jump in energy export earnings this year: internal document August 17, 2022 Reuters Higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters. The jump in revenues, if it materialises, will help shore up Russia’s economy in the face of waves of [...]
Exclusive: Industry faces £50bn ‘ticking time bomb’ of record energy bills August 17, 2022 UK industry will suffer painfully high energy costs next year, fuelled by soaring wholesale 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.
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 [...]
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.