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Watch: How oil and gas prices are pushing up the cost of living
The war in the Middle East is less than a month old, but its impact is already being felt widely. In the UK on Thursday, the Bank of England held interest rates at 3.75% on Thursday – after an earlier expectation they could be cut – with a warning that inflation could tick up. Ahead…
OBR chair Richard Hughes resigns over Budget day publishing error
Archie Mitchelland Rachel Clun,Business reporters BBC/House of Commons Richard Hughes said he took “full responsibility” for the shortcomings identified in the report; Rachel Reeves thanked him for his service The chairman of the Office for Budget Responsibility (OBR) has resigned following the Budget day error which saw a key document published early. Richard Hughes said…
Ukraine to import US liquefied natural gas via Greece
Vital supplies of US liquefied natural gas are due to start flowing into war-ravaged Ukraine this winter via a pipeline across the Balkans. The deal was announced after Ukrainian President Volodymyr Zelensky met Greek Prime Minister Kyriakos Mitsotakis in Athens on Sunday. Greece is working to increase the flow of American LNG to its terminals…
Japan movie releases postponed in China after Taiwan row
The releases of at least two popular Japanese films have been postponed in China as the countries are locked in a dispute over Prime Minister Sanae Takaichi’s remarks about Taiwan. The delayed releases include Cells at Work! and Crayon Shin-chan the Movie: Super Hot! The Spicy Kasukabe Dancers, Chinese state media CCTV said. Cinema tickets…
Port Talbot to become offshore wind hub for Celtic Sea
She added that clean steelmaking, the development of the Celtic Freeport and the expansion of floating offshore wind meant Port Talbot was firmly at the heart of south Wales’s growing clean energy economy, supporting thousands of new, high-quality jobs and helping deliver Britain’s clean power mission.
