Rachel Reeves has blamed the Tories for wrecking the economy during their 14 years in power The UK’s new Labour government has inherited the worst economy since the Second World War, the newly appointed Chancellor […]
Biden’s policies are pushing electricity costs higher and are poised to continue to do so, according to one of the biggest banks in the U.S. President Joe Biden’s policies are driving up electricity costs and […]
Greg Jackson, Chief Executive Officer of Octopus Energy, stated that Scotland could experience periods of free electricity if Ofgem modified its regulations. Speaking at the Tony Blair Institute for Global Change’s conference in London, Mr […]
A ship sailing through the Gulf of Aden came under fire Tuesday in a new suspected attack launched by Yemen’s Houthi group. If confirmed, the incident, which took place some 180 nautical miles east of […]
Listing prices in June flat YoY and below June 2022. Mortgage rates still at 7%. Prices way too high. Something has to give. By Wolf Richter for WOLF STREET. New listings of homes for sale have been rising, […]
But used EV prices still +61% from Jan. 2020, used ICE vehicles +31%. When will they bottom out? Compact cars approach affordability again. By Wolf Richter for WOLF STREET. Prices of used cars, SUVs, pickup trucks, and vans […]
Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central bank powers to use gold to boost reserves. Nigerian lawmakers are discussing a bill to create […]
Projection is blaming someone else for your own bad behavior. We saw a classic case of projection in Thursday’s presidential debate, when President Biden—who is overseeing annual budget deficits of $2 trillion—asserted that his predecessor, Donald Trump, […]
Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins. […]
Dive Brief: The year-over-year inflation rate for U.S. electricity prices reached 5.9% in May, up from 3.8% in January, according to Bank of America Institute, a think tank utilizing proprietary data to develop insights into […]
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