City A.M

Latest articles from City A.M

• UK Inflation Jumps Above 40-Year-High As Food And Energy Prices Soar

  Published 20 June 2022 | viewed 4,091 times

  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 Could Soar As The World Transitions To Renewable Energy

  Published 18 June 2022 | viewed 10,014 times

  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…

• Musk Slammed With $258 Billion Lawsuit Over Crypto Posts

  Published 17 June 2022 | viewed 6,356 times

  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 Is Betting Big On Green Hydrogen In India

  Published 15 June 2022 | viewed 2,037 times

  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 Looks To Reopen Britain’s Biggest Natural Gas Facility

  Published 10 June 2022 | viewed 4,517 times

  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.…

• Europe Announces First Interest Rate Hike In A Decade To Combat Inflation

  Published 09 June 2022 | viewed 1,300 times

  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…

• Windfall Taxes On Energy Company Profits Won’t Be Lifted Anytime Soon

  Published 08 June 2022 | viewed 1,244 times

  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 Hikes Interest Rates To 25% To Boost Budget Revenues

  Published 03 June 2022 | viewed 1,650 times

  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…

• British Energy Titans Tumble On Windfall Tax U-Turn

  Published 27 May 2022 | viewed 6,357 times

  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…

• UK Business Secretary: Windfall Tax On Utilities Could Hamper Net-Zero Push

  Published 24 May 2022 | viewed 583 times

  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.…

• What Will It Take For Hungary To Agree On A Russian Oil Embargo?

  Published 23 May 2022 | viewed 4,071 times

  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…

• U.S. Secretary Of State Accuses Russia Of Using Food As A Weapon

  Published 21 May 2022 | viewed 2,831 times

  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…

• Can Russia Actually Find Other Buyers If EU Moves Forward With Oil Embargo?

  Published 19 May 2022 | viewed 6,711 times

  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 Suffering Major Losses Due To Climate Change

  Published 18 May 2022 | viewed 905 times

  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…

• Europe’s Economic Outlook Is Looking Bleaker By The Day

  Published 16 May 2022 | viewed 8,492 times

  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 UK’s Nuclear Ambitions Could Cause More Pain For Consumers

  Published 14 May 2022 | viewed 3,240 times

  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 Leaving Russia After 170 Years

  Published 12 May 2022 | viewed 3,077 times

  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.…

• The Call For Windfall Taxes On Energy Firms Is Growing

  Published 10 May 2022 | viewed 5,117 times

  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 UK Gas Prices Could Persist Through 2025

  Published 09 May 2022 | viewed 1,874 times

  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.…

• Anonymous Claims Responsibility For Cyberattack Against Rosneft

  Published 03 May 2022 | viewed 11,981 times

  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…