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Oil price spiral may be slowed but not stopped by G7 emergency move
Posted onReleasing 300 million barrels of oil will not address all issues. As powerful as the G7 is, China, India, and South Korea remain the key customers for physical supply of Gulf oil and gas. As such, gas tankers from the US that had been bound for Europe are now doing Atlantic U-turns and heading for…
Sunak rejects claims Covid loan scheme open to excessive fraud
Posted onThe former chancellor Rishi Sunak has defended his pandemic-era Bounce Back Loan scheme against accusations that it was subject to excessive levels of fraud. He said he was aware of the risks, but given the need for speed, he would do the same again. Bounce back loans (BBLs) offered small businesses up to £50,000 with…
Can plastic-eating funghi help clean up nappy waste?
Posted on“Bio-based polymers, bamboo fibres and organic cotton all come with higher raw material and processing costs than traditional plastics, while the supply chains for these sustainable inputs are still immature, making prices volatile and challenging for mass market brands,” she says.
Blame game over Air India crash goes on
Posted onTheo LeggettInternational business correspondent Getty Images Nearly five months after a plane crash in India which killed 260 people, the investigation has become mired in controversy – with the country’s Supreme Court the latest to weigh in. Flight 171 was en route to London from Ahmedabad in western India on 12 June. It crashed into…
