Political News
Ukrainian President extends olive branch to Moscow
Ukraine's President held out an olive branch to the Kremlin, even as he sounded a downbeat note on the likelihood that Moscow would take it.
Sunak unveils £5bn windfall tax on energy firms
The Chancellor of the Exchequer has announced a £15bn package of measures intended to help households with the soaring cost of living, including a windfall tax on energy companies.
Government to probe Altice's BT stake
Shares in BT Group fell on Thursday after the government announced it was reviewing Patrick Drahi's £3bn stake in the telecoms specialist on national security grounds.
Shares tumble as Treasury mulls windfall tax on electricity generators
Shares in electricity generators tumbled on Tuesday after it emerged that chancellor Rishi Sunak was considering imposing a windfall tax on excess profits.
Gazprom Energy mulling name change - report
Gazprom Energy is considering rebranding, it was reported on Monday, as it looks to distance itself from its state-owned parent.
Rees-Mogg looks to urge 'tighter' monetary policy from BoE
Jacob Rees-Mogg, the Brexit minister, looked to rule out emergency support to help tackle the soaring cost of living crisis on Friday, as he called on the Bank of England to increase interest rates.
UK's Johnson refuses to rule out windfall tax, but says 'I don't like them'
UK Prime Minister Boris Johnson insisted on Thursday that he was still opposed to a windfall tax on energy companies, but refused to rule the possibility of introducing a one-off levy.
UK's Gove under fire over emergency budget snub in bizarre TV interview
UK cabinet minister Michael Gove on Wednesday ruled out an emergency budget, squashing suggestions that the government was planning extra measures to help hard-pressed Britons squeezed by the cost of living crisis.
EC mulls joint borrowing to support Ukraine - report
The European Commission is considering a new debt issuance to provide financial support for Ukraine, it was reported on Tuesday.
Tesco chair calls for windfall tax on energy firms
Tesco chairman John Allan on Tuesday said there was an “overwhelming case” for a windfall tax on energy companies to help ease the cost-of-living crisis for most Britons.
Frozen Russian reserves could be used to rebuild Ukraine - EU's Borrell
Russia’s foreign exchange reserves could be seized to help with the cost of rebuilding Ukraine, the European Union foreign policy chief has argued in an interview.
Elizabeth line finally given late May opening date
London’s long-awaited Crossrail project was finally given an official opening date on Wednesday, although commuters will still need to wait for full-line through service.
EU unveils embargo on Russian oil imports
The European Union is to ban all Russian oil imports, it was announced on Wednesday, as it looks to tighten sanctions against Moscow in response to the war in Ukraine.
Australia's RBA lifts interest rates for first time since 2010
Australia's central bank on Tuesday lifted interest rates for the first time in more than a decade, an intervention days before the country goes to the polls in a national election.