The chancellor Rachel Reeves attends the Eurogroup meeting at the EU headquarters in Brussels in December 2024Photograph: John Thys/AFP/Getty Images Rachel Reeves intended to spend January burnishing her reputation on the global stage with trips to Beijing and Davos, and flipping the focus from her £40bn tax-raising budget to Labour’s plans to rekindle economic growth. … Read more
A solar-powered car, an air purifying cat tower and a phone charger designed to provide a day’s power in two seconds have been among the eye-catching gadgets drawing crowds during the CES tech show in Las Vegas. The annual event has been running this week, with more than 100,000 attendees from the tech sector on … Read more
(Bloomberg) — Power revenue bonds sold by Los Angeles’s municipal utility dropped on Friday amid the devastating wildfires in Southern California. Most Read from Bloomberg Prices on municipal debt issued by the Los Angeles Department of Water and Power have declined this week. The average spread on debt due in 2045 widened to 112 basis … Read more
UK gas stores have fallen “concerningly low”, according to the owner of British Gas. Centrica said Britain has a little under a week’s worth of demand for gas in storage, while officials have said there is comfortably enough gas to meet demand. As freezing temperatures are expected to continue this weekend, the PA news agency … Read more
Russia’s Gazprom Neft was one of the companies targeted by the US Treasury Department’s sanctions (NATALIA KOLESNIKOVA) The United States and Britain on Friday announced sanctions against Russia’s energy sector, including oil giant Gazprom Neft, just days before outgoing President Joe Biden leaves office. The US Treasury Department said it was designating more than 180 … Read more
The Connah’s Quay gas power station in north Wales raked in revenues of £10.3m from the grid operator on Wednesday.Photograph: The Photolibrary Wales/Alamy A rise in electricity costs this week has raised fears that officials operating Great Britain’s power market could be held to “ransom” by owners of gas power plants during cold, windless days … Read more
By Sara Merken (Reuters) – Damian Williams, the former top federal prosecutor in Manhattan, will return to law firm Paul, Weiss, Rifkind, Wharton & Garrison as a partner in New York, the firm said on Friday. Williams was appointed U.S. Attorney for the Southern District of New York in 2021 by outgoing Democratic President Joe … Read more
Russian planes parked at Sheremetyevo International airport in Moscow on 1 March 2022 after western countries imposed no-fly zones in response to the invasion.Photograph: Reuters Sitting in a nondescript building near the high court in Dublin, about 40 cloaked barristers have gathered almost daily since June last year. At stake is €2.5bn (£2.1bn) worth of … Read more
Public Joint Stock Company Rosneft Oil Company, together with its subsidiaries, engages in the exploration, production, development, and sale of oil and gas properties in Russia. The company’s flagship project, Vostok Oil, comprises 52 license areas located in the north of the Krasnoyarsk Krai and Yamal-Nenets Autonomous district that includes 13 oil and gas fields … Read more
(Bloomberg) — The US imposed its most aggressive sanctions on Russia’s oil industry yet as the Biden administration looks for last-minute ways to boost Ukraine’s leverage in possible peace negotiations after Donald Trump takes office. Most Read from Bloomberg The measures announced Friday targeted two firms that handle more than a quarter of Russia’s seaborne … Read more