The United States has reached an agreement with Venezuela to assume control of more than 65 billion barrels of the South American nation’s proven oil reserves, President Donald Trump has announced. The deal, which the US president described as historic, is intended to more than double American oil reserves and substantially lower domestic fuel prices. […]

The global expenditure on oil and gas imports has increased by as much as $330 billion over the six-month period from March to August, according to data released by the Finland-based Centre for Research on Energy and Clean Air. This significant rise in costs occurred despite oil and gas prices climbing less than initially feared […]

Solar power has reached a significant economic milestone by requiring less upfront capital investment than new coal or gas plants to deliver the same amount of electricity. This development marks a fundamental shift in the energy sector, as solar now competes with fossil fuels before the first unit of fuel is purchased. Previously, the economic […]

The United States electricity grid is experiencing significant stress as rapid electrification and surging energy demand place unprecedented pressure on transmission infrastructure. The expansion of artificial intelligence capabilities is driving a sharp increase in consumption, with hyperscale data centres emerging as major energy consumers across the country. Simultaneously, the transition to clean energy is accelerating […]

The prevailing narrative surrounding Nvidia has long centred on its dominance in the graphics processing unit market. For the initial years of the artificial intelligence boom, the company was the primary supplier of state-of-the-art GPUs, a position that generated immense profitability as the industry expanded. However, in recent years, hyperscalers such as Amazon and Google […]

Seven massive tech companies now control a third of the US stock market, and they are all betting your future on artificial intelligence. Whether you realize it or not, your pension and savings are likely fueling a 700 billion dollar infrastructure race that looks remarkably like the dot-com bubble of 2000.  Is this the […]

Natural gas prices in Asia and Europe rose on Friday following reports that Qatar has extended its force majeure declaration on liquefied natural gas deliveries. The extension, which covers the period through October and early November, has intensified concerns regarding global supply levels ahead of the winter season. This development comes amid continued blockages to […]

The chair of the United States Federal Reserve has indicated that policymakers will face significant challenges if they cannot confirm that cost-of-living pressures are genuinely easing for American consumers. Kevin Warsh stated that while recent inflation data appeared more favourable than anticipated during the summer months, the figures did not demonstrate that the current economic […]

Cyclic Materials has completed a strategic financing round raising $75m, equivalent to C$103.93m, to expand its rare earth production capabilities within the United States. The new capital increases the company’s total equity funding to $237m and includes expanded commitments from existing investors. The proceeds are intended to expedite the development of a rare earth recycling […]

New Conservative analysis of Treasury data indicates that increasing capital gains tax rates would ultimately result in a net loss for the government. The opposition argues that internal government modelling demonstrates the current top rate is already high enough to discourage asset sales, meaning further hikes would suppress tax receipts rather than increase them. The […]

The average annual dual-fuel energy bill in the United Kingdom is set to increase by 4% for the coming autumn and winter period, according to the energy regulator Ofgem. The rise will push the typical household bill to £1,723 per year, up from the previous cap of £1,663. This represents an annual increase of £60 […]

Meta has agreed to pay up to 18 billion dollars, equivalent to 13.3 billion pounds, to settle legal claims brought by nearly every US state regarding the impact of its platforms on children. The agreement, which covers the District of Columbia and three US territories, includes a series of new safety measures for Facebook and […]

Harbour Energy has announced a significant leadership transition within its United Kingdom operations, promoting Graeme Davies to the role of managing director. Davies will assume the position on 1 October, succeeding Scott Barr, who is relocating to Mexico to lead the company’s business in that region. This move marks a substantial shift in the company’s […]

Europe must significantly scale up its manufacturing capacity if it is to achieve its floating wind ambitions, a senior executive at DNV has stated. Sille Grjotheim, the global segment director for floating offshore wind at the company, emphasised that access to turbines remains a primary obstacle for developers. Speaking at the ONS conference in Stavanger, […]

Asda has recorded its first period of sales growth in more than two years, a development the company describes as a significant step in its ongoing turnaround. The discount supermarket reported that like-for-like sales, excluding fuel, increased by 0.2 per cent during the seven weeks to mid-August. Within this period, like-for-like food sales rose by […]

The Aberdeen Norway Gateway event series has expanded its reach to include a networking session in Stavanger, Norway. This addition took place during the ONS 2026 conference and attracted more than 70 attendees. The initiative, organised by Granite PR, aims to strengthen international business connections within the energy sector. The event served as an extension […]

Business confidence in the United Kingdom has climbed to its highest level since March, driven by resilient consumer spending and a notable absence of disruptive speculation regarding upcoming fiscal policy. According to the Lloyds Business Barometer, the confidence index among British firms rose by four points in August to reach 53 per cent. This figure […]

Well-Safe Solutions has entered into a strategic partnership with Aberdeen-based NMC Energy to address the decommissioning of Apache’s Beryl and Forties fields in the UK North Sea. The two companies have signed an agreement to formalise their collaboration on these recently awarded contracts, which are designed to deliver reductions in both cost and schedule for […]

Beth Hammack, president of the Federal Reserve Bank of Cleveland, has reiterated her stance that the central bank should raise interest rates immediately. Speaking during a live interview at the annual symposium in Jackson Hole, Wyoming, she argued that recent inflation data indicates the United States remains significantly further from its price stability goals than […]

Manchester Airports Group has confirmed that a cyber security incident resulted in the unauthorised access of customer data for approximately 8.7 million individuals. The breach affected passengers at Manchester, East Midlands and London Stansted airports. Criminal hackers accessed the information over the weekend and subsequently demanded a ransom fee for its return, a demand the […]

Bitcoin surpassed the $80,000 threshold this week for the first time since May, driven by renewed institutional interest and growing retail participation. Bloomberg reported on Thursday that the recovery reflects a broader improvement in speculative market sentiment. This shift has also boosted interest in artificial intelligence investments, while inflows into bitcoin exchange-traded funds have resumed. […]

The Bank of England is set to receive a new statutory objective to support innovation in payment systems and digital currencies, according to plans announced by the government. This secondary goal will operate alongside the central bank’s primary mandate of maintaining financial stability. The move is intended to ensure the United Kingdom retains its position […]

Manchester Airport Group has confirmed that a cyber security incident has resulted in the theft of personal data belonging to millions of customers. The operator of London Stansted, East Midlands and Manchester airports stated that an unauthorised third party accessed email addresses, phone numbers, vehicle registrations and postcodes. The group reported that approximately 8.7 million […]

Sweden’s Boliden has agreed to acquire the controlling stake in Brazilian mining firm Nexa Resources for $1.3 billion in shares. The transaction will give the European producer a significant zinc and silver platform in Latin America. Boliden will purchase Votorantim’s 65 per cent holding by issuing 0.25 of its own shares for each Nexa share. […]

Nvidia is reported to be in advanced talks to acquire the artificial intelligence model repository Hugging Face for $12.9 billion. The transaction, if completed, would allow the hardware manufacturer to deepen its integration with the broader AI industry. According to a report from The Information, both parties are actively pursuing the deal, although it has […]

Zinc prices reached their highest level since June 2022 on the London Metal Exchange on Thursday. The cash settlement price closed at 4,107 dollars a tonne, representing a 55 per cent increase from the mid-2025 trough of approximately 2,650 dollars. This surge coincides with a significant reduction in available physical metal, which has tightened the […]

The United States government is reportedly engaged in active negotiations with the interim administration in Venezuela to secure a direct ownership stake in select high-yield oil fields. Senior officials, as cited by Axios, indicate that the discussions centre on acquiring equity in assets that hold approximately 90 billion barrels of proven crude. Such a transaction […]

Scotland’s energy minister has stated that he remains uninformed regarding the final decision on the Jackdaw and Rosebank oil fields. Stephen Gethins told the Press and Journal that he is being kept in the dark by the UK government on the matter. His comments followed the announcement that Shell would relocate jobs from its Aberdeen […]

Prime minister Andy Burnham has indicated a pragmatic approach to future North Sea drilling, offering a potential clue to the unresolved status of the Rosebank and Jackdaw fields. In an interview with the Financial Times conducted ahead of the autumn Budget, the prime minister stated that such activities would serve as a bridge to a […]

The government has announced a new initiative designed to shield homeowners from unscrupulous tradespeople, introducing a database of verified professionals and a secure payment system. The scheme, which is set to launch next month, aims to provide greater safeguards for individuals undertaking home renovations by ensuring that participating traders meet specific standards of customer service, […]

Union Jack Oil shareholders have voted to remove all three existing directors from the board, a decisive move that effectively terminates the pending acquisition offer from Reabold Resources. The vote, which took place this week, saw Craig Howie and John Americanos appointed to the board with overwhelming support. Howie will assume the role of executive […]

A coalition of one hundred technology and financial institutions, including Google, Microsoft, Anthropic and OpenAI, has issued an open letter urging governments and organisations worldwide to strengthen their cyber defences. The signatories warn that the current security landscape is insufficient to counter the rapid advancement of artificial intelligence. They argue that a limited window of […]

Allan Leighton, the veteran executive appointed to steer Asda back to profitability, is expected to present new trading figures on Friday that will serve as a critical test of his turnaround strategy. The 73-year-old leader, known for his bold management style, aims to demonstrate tangible progress following a challenging financial period for the supermarket chain. […]

BritEnergy Group has acquired a majority stake in thirteen wells within the Permian basin in New Mexico, marking the latest departure of a UK oil and gas firm from the domestic market. The Lincolnshire-based company cited a hostile regulatory environment in Britain as a primary driver for its international expansion. This move follows similar announcements […]

The National Wealth Fund has committed 71 million pounds to Tungsten West, a mining firm preparing to resume operations at the Hemerdon site near Plymouth. This financial support, comprising 36 million pounds in equity and up to 35 million pounds in debt, is intended to cover the costs of construction, commissioning and processing required to […]

Certain Energy has secured ten million pounds in an early-stage venture capital round led by the British Business Bank. The long-duration energy storage firm, formerly known as RFC Power, will use the capital to deploy batteries that stabilise the grid and provide power during periods of low solar or wind generation. The investment marks a […]

The Financial Conduct Authority has banned and fined three former executives of Dolfin Financial for operating a scheme that circumvented UK investor visa requirements. The regulator determined that the trio created a false impression that statutory investment conditions had been met. Denisz Nagy, the former chief executive, received a fine of £324,800, while Sanjay Maraj, […]

Switzerland-based commodities trader Gunvor is in preliminary discussions to purchase natural gas producing assets in Texas and Louisiana from Silver Hill Energy Partners. The potential transaction is valued between $1.2bn and $1.5bn, according to reports citing individuals familiar with the matter. The assets are located within the Haynesville shale basin, a region that has seen […]

Households in the United Kingdom are unlikely to receive additional financial assistance for energy costs before the price cap increases in October, according to government sources. While officials have acknowledged the pressure on family budgets, they have stopped short of pledging further immediate intervention. The gas and electricity price cap is set to rise by […]

Tungsten West has announced that the United Kingdom government intends to invest up to 71 million pounds, equivalent to 97 million US dollars, to restart production at the Hemerdon tungsten and tin mine in southwest England. The company, which is listed on the Alternative Investment Market, stated on Tuesday that the funding will be provided […]

Lloyds Banking Group has confirmed that its digital banking services have been restored following a disruption that affected customers across its Lloyds, Halifax and Scottish Widows brands. The group stated that it was working to normalise operations as quickly as possible while users reported difficulties accessing their accounts. A spokesperson acknowledged that some customers experienced […]

Global gas supply constraints are pushing the electricity price cap upwards, a trend the government is currently unable to reverse. As cold weather increases demand, Great Britain is entering a competitive arena for liquefied natural gas supplies against the rest of the world. This shift is occurring despite the government’s stated ambitions to move beyond […]

Nvidia has reported a significant increase in quarterly sales, with revenue reaching $96bn during the second quarter. This figure represents more than double the amount recorded in the same period last year. The chipmaker also provided forward-looking guidance, projecting revenue of $108bn for the upcoming quarter. These results exceeded expectations held by Wall Street analysts, […]

Rising mortgage rates linked to the conflict in the Middle East have increased the average deposit required for London homebuyers by £35,500. According to property portal Zoopla, the surge in borrowing costs has forced prospective buyers in the capital to secure significantly larger upfront payments compared to earlier in the year. This financial burden is […]

Copper prices established a new all-time high in New York early on Wednesday before retreating as traders took profits. The pullback followed signs that the supply squeeze in the London market is easing, although physical supplies outside the United States remain tight ahead of a pending tariff decision from the White House. The metal had […]

The Financial Conduct Authority has issued a warning to British consumers who rely on artificial intelligence for investment guidance, stating that they may not be protected if their decisions result in financial loss. The regulator highlighted that a significant portion of the public is underestimating the risks associated with unregulated digital advice as the use […]

Reform UK has proposed a policy that would tie the remuneration of HMRC customer service officers to strict performance metrics, with the potential for fines and dismissal if waiting times exceed prescribed limits. Under the plan, which is designed to support small business owners, tax officials would be required to keep telephone waiting times below […]

Households in the United Kingdom have been warned that energy costs are set to increase further after the regulator Ofgem announced a rise in its price cap to a three-year high. Typical annual household gas and electricity prices will increase by £60 from October, marking a 4 per cent rise. This follows a 13 per […]

Greg Jackson, founder of Octopus Energy, has called for immediate structural changes to the UK energy market to shield households from fluctuating global gas prices. The chief executive of the country’s largest household electricity supplier stated that while recent government measures have provided some relief, energy costs remain excessively high. He highlighted that the nation […]

Shell has announced that certain employees based in Aberdeen will relocate to its London hub. The company stated that the move is intended to concentrate specific roles in the capital to facilitate greater collaboration. This adjustment forms part of a broader effort to align the organisation with evolving business needs and maintain competitiveness. The affected […]

A significant portion of the cryptocurrency industry is undergoing a structural transformation as companies that previously dedicated their resources to Bitcoin mining increasingly redirect their computing power towards artificial intelligence. This shift marks a departure from the traditional model of filling warehouses with specialised hardware to earn digital coins, moving instead towards providing infrastructure for […]

Chinese financial institutions face a complex strategic dilemma as the United States threatens to disconnect entities facilitating Iranian sanctions evasion from the American financial system. While Beijing has vowed to protect its interests, major Chinese lenders retain a strong incentive to maintain access to U.S. dollars, creating a tension between geopolitical alignment and economic necessity. […]

A federal judge in Alaska has dismissed a legal challenge brought by environmental groups against the US administration’s decision to permit offshore drilling in previously restricted waters. US District Judge Sharon Gleason issued the ruling on 24 August, determining that the lawsuit was premature because drilling activities in the affected federal waters are not currently […]

Prime Minister Andy Burnham has declined to rule out the possibility of tax rises in the upcoming autumn Budget, stating that he will not be unrealistic regarding the current state of public finances. The head of government acknowledged the challenging economic landscape while defending his previously announced cost of living pledges as funded spending commitments. […]

SLB has been appointed as the strategic reservoir partner for Harbour Energy’s Havstjerne carbon storage project in Norway. The services company, formerly known as Schlumberger, announced the agreement during its attendance at the ONS conference in Stavanger. Under the new arrangement, SLB will deliver technology and engineering services to support the concept and front-end engineering […]

The United States Strategic Petroleum Reserve has declined to a level approaching its operational minimum, according to data released by the American Petroleum Institute. This reduction coincides with a significant increase in commercial crude oil inventories, which rose by 4.2 million barrels in the week ending August 21. This build was substantially larger than the […]

Tungsten West has secured a government investment of up to 71 million pounds to resume operations at the Hemerdon tungsten and tin mine in Devon. The funding, provided through the National Wealth Fund, is designed to restore the site to full production capacity and establish a secure domestic supply of critical minerals. These resources are […]

Energy bills in the United Kingdom could increase by 13 percent by the end of the decade if current government support measures are not extended, according to a new analysis by the French energy supplier EDF. The company estimates that the average dual-fuel bill will be more than a tenth higher than levels recorded in […]

Canada has announced plans to impose tariffs on a broad spectrum of American products, including cosmetics, dairy items, wood products and outdoor equipment. The measures are designed to counter recent levies imposed by the United States on Canadian exports. Ottawa describes the action as a focused response to what it considers unfair trade practices. The […]

Adura, the joint venture between Equinor and Shell, has stated that its potential investments in North Sea assets are contingent upon clear signals from the UK government. The decision process is particularly dependent on regulatory outcomes for the Rosebank and Jackdaw projects. Philippe Mathieu, Equinor’s executive vice president for exploration and production international, explained that […]

The United Kingdom and Ukraine have signed a significant agreement to collaborate on artificial intelligence development, focusing on new technologies and military capabilities. The partnership aims to integrate Britain’s AI ecosystem with Ukraine’s operational experience, engineering talent and technological innovation. A central component of the deal is providing access to the Avengers AI Labs database, […]

The British electrotechnical and allied manufacturers’ association (BEAMA) has cautioned that any dilution of the zero-emissions vehicle mandate could postpone up to £1.56 billion in UK home charger sales. The trade association argues that uncertainty surrounding the policy framework is undermining the business case for continued investment in the sector. Matt Adams, head of electrical […]

The United States has declared that a new financial offensive, described as the single greatest of its kind, is intended to support the ongoing war effort alongside Israel against Iran. Washington has characterised the move as an economic D-Day, aiming to cut off revenue streams for the Iranian regime. However, Tehran has stated that it […]

London-based startup Embedd has raised two million pounds, equivalent to 2.7 million dollars, to accelerate the development of its infrastructure for physical AI. The funding will also support the expansion of its collaboration with semiconductor partners. The company aims to streamline the integration process for complex hardware systems used in emerging technologies. The platform creates […]

The Northern Endurance Partnership is expected to commence drilling its first of six development wells within the coming fortnight. Michael McGhie, the technical manager for the partnership, confirmed the timeline while addressing delegates at the ONS conference in Norway. He described the upcoming phase as a significant commitment and the expansion stage of the project, […]

Spirit Energy has concluded a £40 million decommissioning campaign in the Southern North Sea, marking the completion of plug and abandonment operations on three key wells. The project involved the Seven Seas and Grove G5 production wells, alongside the Grove Deep exploration well. By combining these operations into a single campaign, the operator successfully removed […]

Aberdeen-based energy services firm Three60 Energy has extended a decommissioning contract with a major North Sea operator. The company exercised an option within the original agreement to add three new offshore assets to the scope, expanding the total programme to six assets. This move extends Three60’s duty holder responsibilities across both installation and pipeline operator […]

President Donald Trump has threatened to increase United States tariffs on Canadian automobiles and auto parts from 25 per cent to 50 per cent, effective from 1 January. The announcement marks a significant escalation in the ongoing trade dispute between the two nations, following the collapse of negotiations late last week. Trump accused Canada of […]

The UK government has announced the locations for 70,000 new social and affordable homes to be constructed across England over the next decade. This allocation represents the initial phase of a broader £39 billion social housebuilding programme, which aims to deliver a total of 300,000 units nationwide. The move is intended to address the ongoing […]

The UK government has launched a targeted review into the calculation of business rates bills for the hospitality sector, a move that has drawn sharp criticism from industry bodies who argue it represents a piecemeal approach to a system in urgent need of wholesale reform. The Treasury confirmed on Monday that it is examining the […]

The Confederation of British Industry has called on Chancellor John Healey to reduce employer taxes at the upcoming Budget, arguing that such measures are essential to address the crisis facing young people not in education, employment or training. In a report published on Tuesday, the business lobby group described the current state of youth unemployment […]

Energy minister Michael Shanks has addressed a cyber incident linked to Iran that resulted in the shutdown of a British small-scale energy generator for four days last month. The attack, which occurred in July, was reported by the Sunday Telegraph and led to a temporary cessation of operations at the facility. The Department for Energy […]

Lending by European private credit firms reached a record high in the first half of the year, driven by a subdued dealmaking environment that compelled private equity sponsors to pause sale processes and renegotiate debt for their portfolio companies. According to new data from analytics platform Debtwire, the value of direct lending across the continent […]

New research from Stanford University economists indicates that artificial intelligence is causing significant job losses for younger workers in specific sectors, even as older employees remain largely unaffected. The updated study suggests that the impact of AI on the labour market is not uniform, with entry-level roles in high-exposure occupations experiencing a marked decline in […]

Energy industry bodies have cautioned the UK government to prioritise domestic North Sea gas production over expanding liquefied natural gas import capacity. The Aberdeen and Grampian Chamber of Commerce described the preference for foreign supplies as hypocritical, arguing that it undermines national energy security. This reaction follows a report in the Sunday Times, which cited […]

London-based Prevalent AI has secured 16.1 million pounds in growth investment from Los Angeles-based Integrity Growth Partners. This marks the first primary capital raised by the firm, which provides AI-powered data fabric solutions to help enterprises securely operate and deploy artificial intelligence. The company was founded by alumni of GCHQ and focuses on transforming fragmented […]

Official figures indicate that business investment in digital infrastructure has nearly doubled over the past five years, rising from £6.3bn in 2019 to approximately £11.6bn in 2024. This significant increase follows a revision by the Office for National Statistics to its calculation methods, which now aligns UK data with standards used in other major economies. […]

The United Kingdom has recorded a new high for its active business population, with 5.66 million companies currently in operation. This milestone is reported in the latest edition of the New Startup Index, a joint publication by NatWest and Beauhurst. The data indicates that the total number of operating firms has grown, even as the […]

A new investigation by the nonprofit research group Anti-Corruption Data Collective suggests that insider trading involving US military information on the prediction market platform Polymarket may be more widespread than previously reported. The analysis, reported by Reuters, indicates that more than 150 digital wallets on the platform may have traded on non-public military intelligence. Experts […]

Cryptocurrency exchange BitMart is currently evaluating a restructuring strategy to remain operational, reversing its earlier decision to cease all activities. The company confirmed on Friday that it is developing this alternative approach following discussions with its community, stakeholders and professional advisers. This move represents a significant shift from the wind-down process announced just last month. […]

CrossCountry has suspended almost all of its rail services across the United Kingdom after a power outage at its control centre in Birmingham. The disruption, which began on Saturday, has rendered many of the systems used to manage the railway unavailable. The operator has confirmed that cancellations are affecting most routes, including those from Glasgow […]

A cyberattack on a UK energy facility that forced a four-day shutdown last month was carried out by hackers linked to the Iranian regime. Officials believe this incident marks the first successful infiltration of a British energy site by Iranian-affiliated actors. The Department for Energy Security and Net Zero described the target as a small-scale […]

Canadian Prime Minister Mark Carney has announced that his government will impose reciprocal tariffs on American goods, matching the new 50 per cent levies introduced by the United States following the breakdown of bilateral trade negotiations. The decision marks a significant escalation in the dispute between the two nations, which Carney described as a trade […]

The world is facing an exceptionally intense El Niño weather event this year, characterised by warmer-than-normal sea surface temperatures in the tropical Pacific. This phenomenon is set to disrupt typical weather patterns, potentially causing heavy rainfall in some regions and severe drought in others. While it remains unclear whether the increased frequency of El Niño […]

The rapid expansion of artificial intelligence infrastructure is diverting skilled construction workers away from residential building projects, exacerbating a significant labour shortage in the housing market. This shift is contributing to a broader decline in new home construction and sales across the United States, where pending transactions have recently fallen to their lowest level in […]

A new prediction market platform named CRSHMARKET has launched, allowing users to place wagers on events occurring within live video streams. The service targets content from platforms such as Twitch and Kick, enabling gamblers to bet on specific outcomes in real time. The company described the offering as a novel market that had not previously […]

A small power generation facility in the United Kingdom was forced to shut down following a cyber attack, according to reports. The Department for Energy Security and Net Zero confirmed that the incident affected a small-scale generator but assured the public that there was no risk to the wider energy system at any point. The […]

The global energy market faces a prolonged fuel crisis that is expected to outlast the immediate hostilities in the Middle East. Although crude oil prices remain below one hundred dollars per barrel, the cost of refined products has surged significantly, creating a severe squeeze on diesel supplies. This divergence between crude and refined fuel prices […]

Private equity investors are increasingly targeting utility assets as the artificial intelligence boom drives a surge in electricity demand and forces traditional energy providers to seek new sources of capital. This shift marks a significant departure from historical market norms, where large utilities rarely placed core assets on the open market. The current environment is […]

Iran’s foreign minister has characterised the threat of a fresh round of United States economic sanctions as a desperate ploy, maintaining that the nation remains unbowed by Washington’s efforts to isolate its economy. This defiant stance was articulated by Abbas Araghchi in a video message posted on Telegram on Sunday, where he suggested that the […]

HMRC will deploy valuation agents to properties across the United Kingdom to determine whether homeowners are liable for the new high value council tax surcharge. These inspectors will have the authority to demand entry to assess if a residence is worth more than two million pounds, a threshold that triggers the additional levy. The move […]

Tesla has confirmed it is discontinuing its Solar Roof tile programme, marking a significant retreat from its earlier ambitions in residential renewable energy. Two sources with direct knowledge of the project disclosed to Electrek that the company has ceased production of the tiles, which were designed to allow homeowners to generate power without the aesthetic […]

Trades unions have issued a stark warning to the government, arguing that proposed limitations on new guaranteed hours contracts risk rendering Labour’s manifesto commitment meaningless. Union leaders are seeking urgent reassurances from Business Secretary Jonathan Reynolds, who has recently returned to the role following a cabinet reshuffle. The concern centres on a consultation document that […]

The body representing energy firms in the United Kingdom has called on the government to intervene with additional assistance for households facing financial hardship. Energy UK stated that persistently high prices have left some consumers requiring emergency support beyond the existing Warm Home Discount. The industry body argued that current bills are unaffordable for millions […]

The International Energy Agency has stated that countries in Southeast Asia must significantly increase investment in their transmission and distribution networks to accommodate the rapid expansion of renewable energy capacity. According to the agency, grid investment in the region needs to rise from the current level of 13 billion dollars to 50 billion dollars by […]

The rapid expansion of artificial intelligence infrastructure is increasingly constrained by a severe shortage of heavy-duty gas turbines, with major manufacturers reporting production schedules that extend into the early 2030s. GE Vernova has confirmed that orders placed today will not be delivered until 2031, a timeline that stands in stark contrast to the aggressive power […]

Morrisons has reported a pre-tax loss of £629m for the year to last October, a result that extends its ongoing struggle to return to profitability despite a 2.8 per cent increase in sales. The supermarket, which has seen its market position eroded by discount rivals, is now weighing up the sale of an additional £1bn […]

Investment in United States clean energy technology is tracking toward a record high of $180 billion by the end of 2026, despite significant rollbacks of previous federal incentives. Capital expenditures in the sector reached $74 billion in the first half of the year, according to the State of Clean Energy Finance: 2026 Mid-Year Market Intelligence […]

Metals Exploration has secured $27 million in equipment financing to support the final stages of construction at its La India gold project in Nicaragua. The company, listed on the AIM market, aims to achieve first production at the site by December 2026. The new funding facility is designed to replenish cash reserves used for the […]

Researchers in North Yorkshire are conducting trials in a disused section of a working mine to test the viability of growing crops deep underground. The project, which has established what is described as the world’s deepest underground farm, aims to address the high energy costs associated with conventional vertical farming by utilising the stable environmental […]