• Russia plans to slash 40% of its natural gas flows - with Europe already facing an energy crisis from its cuts

    4 days ago - By Business Insider

    Russia will slash its energy export by 40% over the next three years, according to documents seen by Bloomberg. Christian Charisius/Reuters
    Russia plans to cut its natural gas exports by 40% over the next three years, according to documents seen by Bloomberg.
    Senior European officials have accused Moscow of trying to stoke the continent's energy crisis.
    State-run energy giant Gazprom has been slashing flows to Europe through key pipelines for months.
    Russia plans to slash its natural gas exports via pipeline by around 40% over the next three years, according to documents seen by Bloomberg...
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  • The UK lifted its ban on fracking to pursue energy independence as power bills soar, but experts say it's unlikely to help the energy crisis this winter

    4 days ago - By Business Insider

    The UK lifted a moratorium on fracking for shale gas amid the energy crisis. Jae C. Hong/AP Photo
    The UK lifted a temporarily ban on fracking amid the ongoing energy crisis.
    It had temporarily banned fracking over fears of earthquakes from the shale-gas extraction process.
    UK energy bills are expected to be 80% higher in October than they were a year ago.
    The UK has lifted a ban on fracking for shale gas, aiming to cut its reliance on energy imports as power bills soar. "In light of Putin's illegal invasion of Ukraine and weaponization of energy, strengthening our energy security is an...
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  • Hoteliers Need to Balance Investment and Cost Savings As Energy Prices Soar - By Saikrishan Ranganathan

    Hoteliers Need to Balance Investment and Cost Savings As Energy Prices Soar - By Saikrishan Ranganathan

    4 days ago - By Hotel News Resource

    Since Brexit and the beginning of the COVID-19 pandemic in 2020, the hotel trade has faced one crisis after another - not least the current energy crisis. Skyrocketing energy prices have affected almost every business in every sector however, while some have cut budgets by reducing production or cutting down on employees, these are not viable options for the hotel industry.
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  • Banks are revisiting COVID-19 lockdown plans as the looming energy crisis brings fears of winter blackouts

    4 days ago - By Business Insider

    Banks in the city are discussing how to deal with the threat of blackouts during regular talks. Jeff Overs / Contributor/Getty Images
    London banks are revisiting their COVID-19 lockdown plans to cope with potential blackouts this winter.
    Banks in the city are discussing how to deal with the threat of blackouts during regular talks.
    Some banks are considering measures such as using off-site locations or encouraging staff to work from home.
    Some London banks are revisiting their COVID-19 lockdown plans to cope with the looming energy crisis this winter. Banks in the City of London have been...
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