Citigroup has warned that Europe is “definitely” heading into a recession amid the energy crisis hitting the European economy due to the ongoing Russian invasion in Ukraine. On Friday the… The post European economy to hit rock bottom as Citigroup warns Europe is ‘definitely’ heading into a recession as the energy crisis bites appeared first…
A waste management company in Herten, North Rhine-Westphalia, Germany, has put a DAF CF 340 hydrogen fuel cell conversion truck into operation as part of the EU-funded HECTOR (Hydrogen Waste… The post A waste management company has put a DAF CF 340 hydrogen fuel cell conversion truck into operation appeared first on London Business News…
With inflation and bills going up, a savings calculator which allows businesses to find out where and how much they can cut costs across their energy consumption has been developed.… The post UK businesses could save £130 to £1,261 annually by switching off appliances appeared first on London Business News | Londonlovesbusiness.com.
Shares in energy companies have dropped this morning, as investors analyse yesterday’s 25% windfall tax on oil and gas producers’ profits. Harbour Energy, the biggest UK North Sea oil and gas… The post Shares in energy firms fall after 25% windfall tax on oil and gas appeared first on London Business News | Londonlovesbusiness.com.
Chancellor Rishi Sunak has urged wealthy households to donate their energy bill handout to charity. Every single UK household will receive at least one £400 grant. People claiming benefits can receive another £650. £300 extra will be given to pensioners, with another £150 set aside for each person on non means tested disability benefits. Quizzed…
GMB Union has warned that if the energy price cap rises to £2,800 as predicted on Tuesday by Ofgem chief, then it will turn a cost of living crisis into… The post Energy Price Cap: Further rises will make the cost of living crisis a catastrophe, GMB warns appeared first on London Business News |…
MPs at the Business, Energy and Industrial Strategy Committee (BEIS) have been told shocking news today to expect an increase to the energy price cap in October to be “in… The post Millions warned to expect the energy price cap to rise to ‘£2,800’ in October which has ‘not been seen since the 1970s’ appeared…
Millions of families could be forced to make even more impossible decisions later this year as “the economic situation is far worse than the government is prepared to admit,” a… The post Many Brits face ruin as Ukraine war to push energy bills up by 70% with food prices set to explode ‘even higher later…
Energy regulator Ofgem today announced that the energy price cap could be reviewed every three months instead of twice a year. It comes as staying on top of energy bills… The post Ofgem says energy price cap to reviewed every three months appeared first on London Business News | Londonlovesbusiness.com.
The Lithuanian Foreign Minister Gabrielius Landsbergis and Spanish Foreign Minister Jose Manuel Albares held a joint press conference on Thursday demanding the EU to impose “an embargo on Russian oil… The post Spain and Lithuania demand the EU ‘immediately’ impose ‘an embargo on Russian oil and gas’ appeared first on London Business News | Londonlovesbusiness.com.
