Some of the UK’s biggest energy companies could be offered state-backed loans in return for taking on customers from smaller suppliers if they go under, as soaring global gas prices throw the industry into crisis, the business secretary has told Sky News. Speaking to Kay Burley, Kwasi Kwarteng also said that the carbon dioxide shortage
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Aman Sharma | Getty Images LONDON — Britain’s energy industry could be headed for a significant shakeup, industry insiders have warned, as countries all over Europe grapple with an unprecedented crisis in the power sector. Wholesale gas prices have spiked across the region, with the U.K. being hit particularly hard. The front-month gas price at the
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11:27 AM ET The European soccer weekend didn’t disappoint (does it ever?) with a string of notable results and eye-catching performances. Chelsea cruised to victory over Tottenham, Paris Saint-Germain needed a hero (and it wasn’t Lionel Messi) to beat Lyon, and Bayern Munich were at their ruthless best. Real Madrid (who flattered in victory) and
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Boris Johnson has criticised other world leaders over their efforts to tackle climate change, telling them he is growing “increasingly frustrated” that their commitments are “nowhere near enough”. Speaking during a meeting at the United Nations in New York, the prime minister said the gap between what has been promised by industrialised nations and what
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