European Central Bank could be forced into 75 basis point hike to tame record inflation August 31, 2022 The European Central Bank could be forced to hike interest rates by a historic 75 basis points next week to tame the largest inflation surge on record, economists bet today. The monetary authority governing the 19 countries using the euro may have to respond strongly or risk elevated prices being embedded into the bloc’s economy [...]
END OF AN ERA: Mikhail Gorbachev, last Soviet leader who ended cold war without bloodshed, dies aged 91 August 31, 2022 Mikhail Gorbachev, the former Soviet Union president and Nobel Peace Prize winner, credited with ending the Cold War, has died aged 91 Gorbachev ended the Cold War without bloodshed but failed to prevent the collapse of the Soviet Union, while introducing Russia to western brands like Pizza Hut and McDonald’s. Gorbachev, the last Soviet president, [...]
North Sea body urges Government to confirm green rules for new projects August 31, 2022 OEUK has called on the Government to publish its requirements for exploration projects ahead of a looming winter crisis.
Gas prices plunge as Germany closes in on storage targets August 30, 2022 Gas prices have fallen sharply today amid reports Germany is on course to meet its gas storage targets for October.
Woodside hands out £1.79bn to shareholders after five-fold rise in profits August 30, 2022 Woodside has handed out over $2bn to shareholders following a five-fold increase in profits for the first six months of trading this year.
Zaporizhzhya nuclear plant: UN team moves in as shelling nearby risks leaks August 29, 2022 A TEAM from the United Nations’ nuclear watchdog touched down in Ukraine yesterday amid ongoing concern that Europe’s largest nuclear power plant in Zaporizhzhya is becoming a hotspot for conflict. The Zaporizhzhya plant sits on the Dnipro River and has been under Russian control since March, though remains staffed by Ukrainians. Shelling in the vicinity [...]
Europe faces winters of discontent without gas price cuts, warns Belgium August 29, 2022 The EU could suffer a decade of painful winters if nothing is done to reduce natural gas prices, warned Belgium's energy minister.
Ericsson to wrap up remaining Russian operations, says local state media August 29, 2022 Ericsson will wrap up its remaining Russian operations by the end of this year, according to local state media. The Swedish telecom equipment manufacturer announced in February, following Russia’s invasion of Ukraine, that it would suspend deliveries to customers in Russia, in line with Western sanctions. Then in April, the company placed its Russian employees [...]
EXCLUSIVE: So Energy calls for insulation boost to ease winter crisis August 29, 2022 The Government should help households ease demand and drive down soaring bills, says So Energy co-founder Simon Oscroft.
Nadhim Zahawi tells Brits to cut down their energy use to ease soaring bills August 26, 2022 Brits should consider cutting back their energy consumption, suggested Chancellor Nadhim Zahawi following the latest price cap hike.