UK sinks to bottom of G7 growth league amid global economic downturn July 26, 2022 The global economy could be hurtling toward one of the sharpest slowdowns in recent memory, with the UK plummeting to the bottom of the G7 growth league, the International Monetary Fund (IMF) warned today. A full shut off of Russian gas flows to Europe and more upside inflation shocks would plunge growth into among the [...]
No pressure? Gazprom cuts gas flows into Europe as cold winter months loom July 25, 2022 Gazprom plans to further cut gas flows into Europe, raising the chilling prospect of rationing and blackouts this winter.
National Grid blames fires and tight markets for desperate supply scramble amid heatwave July 25, 2022 Tight markets and fires in East London forced the National Grid to pay record prices for energy from Belgium to prevent power outages.
New York law firm struggles to find firm to process fee payments from sanctioned VTB Bank July 25, 2022 The law firm acting on behalf of VTB Bank has asked for more time to file its case, after warning that at least three financial institutions have refused to process legal fee payments from the sanctioned Russian bank, even after being assured that processing the payments would be legal. The New York law firm Brafman [...]
UK will host the Eurovision Song Contest 2023 July 25, 2022 UK will host the Eurovision Song Contest next year as the war in Ukraine lingers on. The news was first announced on Twitter, with the lookout for next year’s Host City beginning this week. The United Kingdom had a remarkable showing at the song contest, coming in second place and narrowly missing out on the [...]
Zelensky: Russia cannot be trusted to hold up grain deal after ‘barbaric’ Odessa strike July 25, 2022 Ukraine’s president condemned Russia’s “barbarism” following a strike on Odessa, as he said the Kremlin cannot be trusted to observe a grain exportation deal. President Volodymyr Zelenskiy hit out after Saturday’s attack by Moscow, in wake of an agreement facilitated by Turkey for Kyiv to resume exports from Black Sea ports like Odessa. The deal [...]
Shares in Ebiquity soar as revenue climbs thanks to US acquisitions July 25, 2022 Media and marketing powerhouse Ebiquity posted revenue of £37m, which was 16 per cent ahead of the same period last year.
Energy efficiency can combat Putin’s political pull over gas July 25, 2022 In the past few weeks, Vladimir Putin has significantly reduced gas supplies to European countries, cementing the fact that Europe should begin preparations for a complete cut off from Russian gas. In response, European countries are taking emergency measures, such as firing up old coal-fired power stations. While some leaders might try to justify these [...]
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.