London Metals Exchange to clamp down on Russian metal ‘rent share’ trading games April 24, 2024 The LME is seeking to clamp down on 'rent share' warehouse games of trading sanctioned Russian metals.
Sunak defence deal takes off as UK and US launch space rocket June 15, 2023 A new space rocket is catalysing a defence deal struck by Prime Minister Rishi Sunak and president Joe Biden between the UK and the US last week. Oxford-based startup Pulsar Fusion and aerospace company Princeton Satellite Systems are joining forces to build a “hyper-fast” rocket which can travel from Earth to Saturn’s moons in under [...]
Seize Russian cash in UK to fund rebuilding of Ukraine, MPs demand March 14, 2023 MPs are urging the government to seize Russian cash in the UK to help rebuild Ukraine after Putin’s invasion. Frozen Russian assets should be seized and repurposed for reconstruction efforts, a debate in the House of Commons will argue this evening. Foreign affairs select committee chairman, Alicia Kearns, said: “Russia must be held accountable for [...]
Europe must avoid ‘sticking plaster’ solutions to meet energy needs September 12, 2022 Europe has to ramp up its own energy production, rather than become reliant on other overseas suppliers, argues a Westminster think-tank.
Gas prices spike 30 per cent amid Nord Stream pipeline explosions September 27, 2022 Gas prices have skyrocketed this afternoon, following reports of explosions at the sites of reported leaks in the Nord Stream pipeline.
Valieva: Kremlin calls Russian skater four-year drug ban ‘politicised’ January 29, 2024 Kamila Valieva, who at 15 helped Russia win a team ice skating gold at the Winter Olympics before being found to have doped, on Monday received a four-year ban from the sport. But the Kremlin in Moscow has hit back at the ruling, slamming it as “politicised”. Having initially been cleared of the accusation, made [...]
Rishi Sunak set to announce £5bn defence spending boost during AUKUS summit March 12, 2023 Prime minister Rishi Sunak is set to announce a £5bn boost to defence spending during a key summit on the US-UK-Australia nuclear submarine deal. Sunak flew to San Diego on Sunday to attend a trilateral meeting with US president Joe Biden and Australian prime minister Anthony Albanese. It’s hoped Albanese will announce Australia is purchasing [...]
Drax hits back at claim it cut production at biomass unit to avoid £639m customer payout August 2, 2023 Drax has been accused of shutting down production at one of its biomass generators to avoid returning money to customers.
Business energy support set to be halved to reduce taxpayer bill December 30, 2022 Support for businesses to help them cope with swelling energy bills will halve in the spring to avoid taxpayers holding the bag if oil and gas prices surge again, according to The Times. Chancellor Jeremy Hunt next month will announce a 12-month extension to a scheme that caps energy costs for businesses, similar to a [...]
Energy boss revives social tariff push as winter pain looms June 19, 2023 The government needs to use data to provide targeted support for up to 10m households ahead of winter, reigniting calls for a social tariff.