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Top StoriesFactbox-Britain’s Plans to Shield Businesses From Soaring Energy Prices
Top StoriesUK Government to Cap Energy Bills for Businesses – Bloomberg
Top StoriesFrance Boosts Cycling Infrastructure, Targets Rural Areas
Top StoriesSpain Readies System of Flexible Energy Use in Peak Hours
King Charles, William and Harry Reunited in Grief to Escort Queen’s Coffin
Date: September 14, 2022
By Michael Holden, Kate Holton and Alistair Smout LONDON (Reuters) – King Charles, his sons Princes William and Harry and other senior royals joined a solemn procession taking Queen Elizabeth’s coffin as the late monarch made her final journey from Buckingham Palace on Wednesday. Huge crowds gathered in central London to witness the queen being...
Europe Props up Energy Firms Amid Liquidity Crunch
Date: September 13, 2022
FRANKFURT/OSLO (Reuters) – More European energy companies have secured extra funds from governments and banks as soaring gas and power prices following Russia’s invasion of Ukraine have driven up margin call requirements and burnt up their cash. Several European governments had already announced measures to provide loans and guarantees to cash-strapped companies, before the European...
Factbox-Government Measures to Ease Inflation Pain
Date: September 13, 2022
(Reuters) – Pandemic-related disruption to global supply chains and the knock-on effects of Russia’s war in Ukraine have combined to drive up prices of energy, commodities and basic necessities. Below is a list of some of the actions taken by governments aimed at offering relief to hard-hit consumers and companies: AMERICAS: * The United States...
Britain Still Planning Fiscal Event This Month – PM’s Spokesman
Date: September 13, 2022
LONDON (Reuters) – British finance minister Kwasi Kwarteng still aims to make a fiscal statement before the end of the month but a date will not be set until after the funeral of Queen Elizabeth on Sept. 19, a spokesman for Prime Minister Liz Truss said on Tuesday. “We aim to have a fiscal event...
Seeking Right Tone, New UK PM Truss Had to Quickly Change Gear for Queen
Date: September 13, 2022
By Elizabeth Piper and Michael Holden LONDON (Reuters) – Just a week after Queen Elizabeth asked Liz Truss to form a government, Britain’s new prime minister is attending services of reflection across the country with King Charles, determined to strike the right tone in her first days in power. It has been a week like...
EU Countries Can Use 225 Billion Euros of EU Loans for Energy Crisis
Date: September 12, 2022
BRUSSELS (Reuters) – European Union countries can use 225 billion euros ($227.57 billion) in untapped loans from the EU’s recovery fund to address energy problems and other challenges resulting from the Russian war in Ukraine, a senior EU official said on Monday. The European Union launched an unprecedented 800 billion euro joint borrowing programme last...