“Doesn’t make sense”: SSE slam Government’s lack of incentives for renewable energy January 5, 2023 SSE has urged the Government to include investment incentives in the new tax on electricity generators to avoid deterring investment in renewables.
North Sea countries to pledge massive ramp up of wind energy April 22, 2023 Energy ministers from European countries surrounding the North Sea will pledge to quadruple offshore wind energy capacity.
Six graphs the Bank of England will study before August interest rate decision July 24, 2024 For the first time since last September, there is genuine uncertainty about the Bank of England’s next move on interest rates. The Monetary Policy Committee (MPC) will meet next Thursday, with markets putting the odds of a cut at about 40 per cent. There’s enough evidence of disinflation to warrant a cut. Similarly, more hawkish [...]
Europe increasingly reliant on LNG as it aims to stave off winter supply crunch July 17, 2023 Europe will once again be highly dependent on LNG to meet its demand needs this winter, warns the International Energy Agency.
Ministers demand extra defence spending in the face of rising global threats March 9, 2024 Rishi Sunak is under pressure to boost defencing spending after two serving ministers publicly called for a “much greater pace” of investment. The call from Foreign Office minister Anne-Marie Trevelyan and security minister Tom Tugendhat came after the Budget was criticised for failing to boost defence spending. The two senior Tories said the UK needs [...]
Explainer-in-brief: Putin’s desperate bid to look tough escalates violence October 12, 2022 Moscow is running out of ammunition, and its military forces are exhausted. This assessment was provided yesterday by GCHQ chief Sir Jeremy Fleming – the man in charge of the intelligence agency. His comments came after the appalling bombing that shook Kyiv on Monday. Putin described it as retaliation following the bombing of the Kerch [...]
Oil prices slide to nine month lows as strong dollar spooks the market September 26, 2022 Oil prices crumbled to their lowest levels in nine months this morning, amid fears of a looming recession and a resilient dollar.
Oil markets await US inflation data as IEA maintains tight supply predictions July 12, 2023 Oil prices are flat in this morning trading session, as investors await the latest US inflation data for signs of future rate-hikes.
Ukraine ‘downs Russian hypersonic missile’ May 6, 2023 Ukraine’s air force claims to have downed a Russian hypersonic missile over Kyiv using Patriot defence systems recently acquired from allies. It is the first known time the country has been able to intercept one of Moscow’s most modern missiles. Air force commander Mykola Oleshchuk said on Telegram that the Kinzhal-type ballistic missile was intercepted [...]
Number of Russians using London Commercial Court reaches new record despite sanctions May 4, 2023 A record number of Russian litigants have used the London Commercial Court in the past year despite sanctions imposed in the wake of the war in Ukraine, new research has revealed. The number of Russian litigants appearing in the Commercial Court, part of the Business and Property Courts of the High Court, rose by 41 [...]