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New Italian government's budget to boost spending to fight energy crisis
Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the impact of high energy prices while postponing some of its most lavish election promises.
read more... 22/11/2022
Daily (21.11.2022): Brent crude plummeted by 2.4% on Friday due to weaker demand following an increase in Covid-19 cases in China
Oil prices declined on Friday as the increase in Covid-19 cases in China, the world’s major crude importer, put pressure on oil demand. Hence, Brent crude fell by 2.4% to settle at $87.62 a barrel. WTI crude lost 1.9% to end at $80.08 a barrel.
read more... 21/11/2022
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Czech lawmakers back $3.4 billion power revenue cap plan
The Czech lower house of parliament on Friday approved a government plan to cap revenues of power firms as part of efforts to fund measures to ease the burden of soaring prices on households and businesses.
read more... 21/11/2022
EV owners to pay road tax in UK from 2025
UK finance minister Jeremy Hunt said Britain will introduce road taxes on electric cars from 2025, ending an exemption that was intended to spur adoption of zero-emission vehicles.
read more... 21/11/2022
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UK-France power link extends outage
The power link between Britain and France, the IFA1 interconnector, will take more time for repair work before it starts operating at full capacity.
read more... 21/11/2022