Germany hands €15bn to Uniper in bailout deal July 24, 2022 The German government has stepped in to rescue troubled utility giant Uniper with a whopping €15bn bailout after suffering sharp losses.
EU in talks with Nigeria to replace Russian gas as UK aims to boost flows into troubled bloc July 24, 2022 The EU is in talks to buy gas from Nigeria as the bloc scrambles to secure supplies in case Russia turns off the taps ahead of winter.
Russia and Ukraine agree deal to resume grain exports July 22, 2022 Russia and Ukraine reached a deal today that will resume grain exports from Ukrainian Black Sea ports. The agreement will restore Ukraine’s global grain exports after the war blockaded exports and caused a stoppage, sending food prices surging around the world and causing a global crisis. “The agreement signed today by Ukraine, the Russian Federation [...]
Russia accused of ‘stealing’ UK-bound steel worth £500m July 22, 2022 Russia was accused of “stealing and “looting” £500m worth of steel bound for customers in Europe, including in the UK, by the chief of Ukraine’s biggest steel company. Metinvest CEO Yuriy Ryzhenkov said the steel, some bound for the UK, was being stolen from plants and ports in Ukraine and transferred to Russia to be sold, [...]
What is happening to Uranium stocks? July 22, 2022 Sizewell C plant gains approval highlighting the growing case for investment in uranium stocks as the world shifts towards self sufficiency. Today has seen the French energy firm EDF gain approval for their Sizewell C nuclear power plant, as the company seeks to expand on their already established Sizewell B plant in Suffolk. This is [...]
Motorists driving off without paying at pump could cost forecourt operators £100m in 2022 July 22, 2022 A spike in drivers not paying for fuel due to high prices could cost forecourt operators more than £100m in 2022. There has been at 2,054 incidents of drivers refusing to pay at the pump so far this year in the capital, according to a Freedom of Information Request submitted by City A.M., and sent [...]
Ukrainian poultry and grain giant faces ‘complex challenges and disruptions’ amid Kremlin’s war July 22, 2022 MHP SE, the parent company of a major international poultry and grain producer based in Ukraine, announced it is experiencing “complex challenges and disruptions” following the Russia-Ukraine war. The company suffered an 11 per cent decline in poultry production from 63,735 tonnes to 63,735 tonnes in June 2022 compared to a year ago and an [...]
Patriots at the Almeida is a gripping drama about the rise of Putin July 22, 2022 The story of the rise of Putin and the oligarchs has been told through various lenses in recent years. Author Peter Pomerantsev places shadowy “Kremlin demiurge” Vladislav Surkov at the heart of his gripping memoir-cum-investigation Nothing is True and Everything is Possible. Lucy Prebble’s all-singing, all-dancing play A Very Expensive Poison put Alexander Litvenenko front [...]
Centrica granted licence to reopen UK’s largest gas storage site as winter crisis looms July 21, 2022 Centrica has been awarded a licence to reopen the UK's largest gas storage site, boosting plans to shore up domestic energy supplies ahead of winter.
EU member states Greece and Spain raise red flags over winter rationing plans July 21, 2022 EU proposals to ration gas this winter to stave off supply shortages have been met with opposition from member states Greece and Spain.