The European Union proposed a price cap on Russian gas on Wednesday after President Vladimir Putin threatened to cut off all energy supplies if it took such a step, raising Continue Reading
German Economy Minister Robert Habeck faced a backlash on Wednesday for saying he could imagine parts of the economy stopping production due to rising energy prices that German firms say Continue Reading
Truss to announce energy support plan on Thursday New PM rules out windfall tax on power firms Sterling falls to lowest since 1985 against U.S. dollar Kwarteng says borrowing will Continue Reading
Shelling resumed near Ukraine’s Zaporizhzhia nuclear power plant with the warring sides trading blame again on Wednesday, a day after the U.N. atomic watchdog agency pressed for a safe zone Continue Reading
Britain’s new energy minister, Jacob Rees-Mogg, is one of the most recognizable politicians in Britain, known for his old-fashioned double-breasted suits, an exaggerated upper-class accent and a love of archaic Continue Reading
Not long after Russian forces invaded Ukraine, another mobilization began. European energy ministers and diplomats started jetting across the world and inking energy deals — racing to prepare for a Continue Reading
Banks across Europe are bracing for energy rationing and possible power outages this winter by getting backup generators ready so that they won’t leave bank transactions and ATMs in the Continue Reading
Britain’s new leader Liz Truss capped soaring consumer power bills for two years on Thursday in a package to limit the economic shock of war in Ukraine that could cost Continue Reading
President Vladimir Putin said on Wednesday he wanted to discuss reopening a U.N.-brokered deal that allows Ukraine to export its grain via the Black Sea after accusing Kyiv and the Continue Reading
Germany plans to subsidise a basic level of electricity usage for households and set aside cheaper power for small and medium-sized businesses, according to measures set out in an Economy Continue Reading
