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The cost of living in the UK bumped above an already 40-year high last month driven higher by soaring energy and food prices. That’s according…
Steel has a vital role in boosting the UK’s energy infrastructure and help power the transition to a greener economy, argued Severfield chief executive Alan…
Elon Musk, Tesla, and SpaceX were hit by a $258bn (£210.2bn) lawsuit on Thursday by a Dogecoin investor accusing them of running a “Crypto Pyramid…
Total Energies takes stake in Indian renewable specialist to back giant green hydrogen project. Green hydrogen is produced by splitting water into hydrogen and oxygen…
Centrica has filed a formal application to reopen Britain’s biggest natural gas storage site after the site was closed five years ago for “economic” reasons.…
The European Central Bank (ECB) today confirmed it will hike rates for the first time in over a decade in a sign that the era…
Oil prices could take seven years to return to normal levels, warned energy analysts, reducing the prospect of the windfall tax on North Sea oil…
Ukraine’s central bank is considering bringing in extra import duty on non-critical imports, having hiked its main interest rate to a seven-year high. The country…
London-listed energy companies that will be caught by Chancellor Rishi Sunak’s windfall tax tumbled during opening exchanges today. The capital’s premier FTSE 100 index was…
Slapping a windfall tax on electricity generators would be a “challenging proposition” and could hamper the UK’s net-zero ambitions, according to business secretary Kwasi Kwarteng.…
Hungary has maintained its demands for energy investment before it agrees to a Russian oil embargo with its Western allies. “Solutions first, sanctions afterward,” Hungary’s…
Russia has been accused of ‘weaponizing’ food and holding grain for millions of people around the world hostage to “break the spirit of the Ukrainian…
Russia is prepared to send any supplies rejected by European countries to other regions such as Asia, if the European Union (EU) brings in an…
Insurers are now suffering 3.6 times more losses from natural catastrophes than they were three decades ago, according to new research, which suggests insurance companies…
Russia’s invasion of Ukraine is generating fresh headwinds that will choke the European economy, reveal official forecasts published today. Surging energy prices caused by concerns…
The Government’s ambitious nuclear power push may initially increase energy bills, the Business Secretary has warned. Kwasi Kwarteng said the plan to build new power…
Siemens is set to face a €600m (£512m) hit in the second quarter after announcing its full exit from the Russian market after 170 years.…
Tesco chairman John Allan has joined calls for energy giants to be slapped with a windfall tax to ease the pressure on households suffering the…
High gas prices will persist for the next three years, warned investment bank Stifel, as millions of households struggle with the cost of living crisis.…
Russian energy giant Rosneft has been hit by a major cyberattack, according to various news reports in Germany. Germany’s Federal Office for Information Security, the…