South East Water faces £22m fine for supply failures

The government is expected to announce an extra £1.3bn in funding for a scheme encouraging the use of electric vehicles (EVs) at next week’s Budget. The Electric Car Grant scheme started in July as part of the move to zero emission vehicles. The government says it has helped 35,000 switch to EVs. However, early research…

The US Coast Guard is in “active pursuit” of another vessel in international waters near Venezuela as tensions in the region continue to escalate. US authorities have already seized two oil tankers this month – one of them on Saturday. Sunday’s pursuit related to a “sanctioned dark fleet vessel that is part of Venezuela’s illegal…

Oil prices have surged as much as 64% in March – when they reached nearly $120 a barrel – in the biggest monthly gain since 1990 when Iraq’s invasion of Kuwait took both countries’ oil off the market, resulting in an energy supply shock, said Nicolas Daher from the Economist Intelligence Unit.

Central banks across the world have joined together to declare that they stand in “full solidarity” with the Federal Reserve’s chair after the US launched a criminal investigation into Jerome Powell. The heads of the Bank of England, the European Central Bank and the Bank of Canada are among 11 senior bankers who have signed…