City A.M

Latest articles from City A.M

• Sky High Prices Cause Record-Breaking Energy Debt In The UK

  Published 10 August 2022 | viewed 3,938 times

  Household energy debt is standing at an all-time high of £1.3bn ahead of expected bill hikes this autumn, according to new research from Uswitch, the…

• Germany’s Economy Faces A €260 Billion Blow As Energy Crunch Persists

  Published 09 August 2022 | viewed 5,342 times

  Germany’s economy will lose over £220bn (€260bn) in added value by the end of the decade, following Russia’s invasion of Ukraine and skyrocketing energy prices…

• IMF Calls For Global Guidelines On Climate Reporting

  Published 09 August 2022 | viewed 1,305 times

  Global guidelines on corporate climate reporting must fall in line with those in Europe and the US or investors could be hit by fragmented and…

• Energy Bills Are Set To Soar In The UK

  Published 06 August 2022 | viewed 5,883 times

  The average energy bill is set to climb to nearly £4,000 a year from January as gas prices continue to push upwards, new analysis has…

• Glencore Announces $3 Billion Share Buyback As Profits Soar

  Published 04 August 2022 | viewed 2,082 times

  Mining and commodities giant Glencore announced it would put $4.5bn back in shareholders pockets today after it reported record half-yearly profits of $18.9bn on the…

• Tesla Shareholders To Vote On Yet Another Stock Split

  Published 01 August 2022 | viewed 4,939 times

  Tesla shareholders are expected to vote on Thursday whether to green-light the company’s latest stock split – the second in two years.  “We believe the…

• IMF: Global Economy Heading Towards Worst Slowdown In 50 Years

  Published 26 July 2022 | viewed 6,003 times

  The global economy could be hurtling toward one of the sharpest slowdowns in recent memory, the International Monetary Fund (IMF) warned today. A full shut-off…

• SEC Investigates Coinbase Over Securities Listings

  Published 26 July 2022 | viewed 557 times

  The SEC is investigating Coinbase over whether it allowed the trading of crypto assets that should have been registered as securities, Bloomberg reported. Coinbase maintains…

• What Does The UK’s Electricity Market Shakeup Mean For Consumers?

  Published 18 July 2022 | viewed 5,457 times

  Fossil fuel prices could be separated from the costs of electricity produced by renewables, radically reducing the country’s exposure to volatile global gas markets. The…

• Investment In Nuclear Fusion Is Exploding

  Published 16 July 2022 | viewed 10,902 times

  Nuclear fusion has enjoyed a huge bump-up in global investment over the past 12 months, raising hopes of a breakthrough in clean energy technology.  New…

• Ukrainian Energy Giant Asks Creditors To Defer Debt Payments

  Published 14 July 2022 | viewed 9,689 times

  Naftogaz has asked its international creditors to defer payments on its debt for the next two years. Ukraine’s state-owned energy giant is struggling for cash,…

• ESG Funds Reel As Investors Pile Into Energy And Defense Stocks

  Published 13 July 2022 | viewed 5,048 times

  Environmental, social and governance (ESG) funds in the UK have slumped below their industry peers this year as oil & gas, mining and defence stocks…

• BlackRock Is Bracing For “Persistent Inflation”

  Published 12 July 2022 | viewed 6,912 times

  The world’s biggest asset manager BlackRock said the era of steady growth and inflation was over as it revealed it had slashed its exposure to…

• Coinbase: Oil And Tech Stocks Are As Risky As Crypto

  Published 06 July 2022 | viewed 4,490 times

  Crypto risk profiles are like those in oil prices and tech stocks, according to crypto exchange Coinbase. “The market expects crypto assets to become more…

• IEA: Global Nuclear Capacity Needs To Double To Meet Net-Zero Goals

  Published 30 June 2022 | viewed 3,617 times

  Nuclear power capacity needs to double worldwide over the next three decades to reach net-zero carbon emissions targets to ensure energy independence, argued the International…

• Russia Defaults On Foreign Debt For The First Time In 104 Years

  Published 27 June 2022 | viewed 9,254 times

  Russia has defaulted on its foreign debt obligations for the first time since the Bolshevik revolution in 1918. Sanctions launched by an alliance of western…

• A Bidding War Has Begun In The UK’s Struggling Energy Sector

  Published 27 June 2022 | viewed 2,616 times

  The bidding process for the UK’s seventh biggest energy firm has narrowed down to two suppliers, amid reports British Gas owner Centrica has opted against…

• Centrica Turns To Former Soldiers In Push Towards Net-Zero Ambitions

  Published 24 June 2022 | viewed 1,541 times

  Centrica is planning to hire about 500 former soldiers, sailors, and air force personnel by the end of next year as it looks to transition…

• Fuel Traders Targeted As Gasoline Prices Soar

  Published 23 June 2022 | viewed 2,361 times

  Despite falling wholesale costs of petrol and diesel, prices are still going up at the pump as motoring groups call on fuel traders to offer…

• UK Unveils $18.4 Billion Package To Help Customers Pay Energy Bills

  Published 21 June 2022 | viewed 3,975 times

  Household energy bills will spike to over £3,000 per year next January, putting more pressure on cash-squeezed Brits in the coldest month of the year.…