Customers face higher bills as Ofgem double Covid allowance for suppliers February 17, 2023 Ofgem has announced it will almost double the allowance it grants energy suppliers to recover some of the bad debt costs from the pandemic.
Liz Truss: Former PM urges nations to ‘learn lessons of Russian aggression and stand up to China’ February 17, 2023 Liz Truss has urged democratic nations to stand up to China and learn the lessons of not taking earlier and tougher action against Russia. Speaking in Japan in her first public speech since her resignation as prime minister, Ms Truss called on the international community to agree a co-ordinated package of defence, economic and political [...]
UK military risks NATO downgrade, security think tank warns February 16, 2023 Britain risks no longer being NATO’s top military power in Europe, a think tank report has warned, in the midst of growing security issues. The French military has more troops, jets and ships than the UK, despite spending £13bn less on defence, the International Institute for Strategic Studies (IISS) found. France boasts 203,250 personnel compared [...]
Shell: European demand to boost LNG competition over next two years February 16, 2023 Europe's growing need for liquefied natural gas will boost competition with Asia for LNG over the next two years, Shell revealed on Thursday.
Russia pummels Ukraine with barrage of overnight missiles as targets in north, west, south, east and centre hit February 16, 2023 Russia again pummelled Ukraine with a barrage of cruise and other missiles on Thursday, hitting targets from east to west. Ukrainian authorities said one of the strikes killed a 79-year-old woman and injured at least seven other people. Russian forces used a variety of missile types, firing 36 in all in a two-hour overnight bombardment, [...]
Ed Warner: The European Super League isn’t dead yet – and it’s because of the Premier League February 16, 2023 “Laughable”, “all hot air”, “flimsy”, a “walking corpse”. So has English football, on a mostly unattributable basis, dismissed the attempt to breathe new life into the European Super League concept which unraveled so swiftly and spectacularly two years ago. But sat on this side of the English Channel, we would say that, wouldn’t we? Is [...]
China will drive oil demand to record 100m-plus barrels per day, keeping prices elevated February 15, 2023 China will drive oil consumption to record levels this year, as the world's second largest economy reopens following sustained lockdowns.
Everton investment blow as MSP Sports Capital switches focus to £3.1bn Tottenham Hotspur takeover February 15, 2023 Everton’s hopes of securing investment have suffered a blow after US private equity fund MSP Sports Capital reportedly turned its attention to a takeover of Tottenham Hotspur. MSP held talks about buying a minority stake from Everton majority shareholder Farhad Moshiri, who is seeking investment to help the cash-strapped club fund its new stadium build. [...]
Eighth British national dies in Ukraine as Nato leaders meet to discuss giving Kyiv more fighter jets February 15, 2023 A man has become the eighth British national to die in Ukraine since the start of Russia’s invasion. The identity of the individual, who the BBC reported was a man, is not yet known but the Foreign Office said their family has been informed. A Foreign Office spokesperson said: “We are supporting the family of [...]
Russia cushioned from sanctions as partners buy oil above quoted prices February 14, 2023 Russia's trade partners have increasingly paid more for Russian crude than quoted prices suggest Goldman Sachs.