Energy crunch pushing European gas prices higher

Natural gas prices in Europe rose to the highest level in almost four months on Tuesday as the continent’s energy crisis intensifies. Benchmark futures tied to TTF, the European wholesale gas price, jumped 8% to over $1,800 per thousand cubic meters or €175 per megawatt hour in household terms. That is the highest level since…

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UK urged to brace for economic storm

The Bank of England (BoE) warned on Tuesday that the economic prospects for Britain have deteriorated since the start of the year, calling on the country’s lenders to set aside more capital to absorb shocks in the markets.

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UK mulls crackdown on social media

London wants websites to “proactively” tackle would-be disinformation from states such as Russia London has proposed new legislation that would require social media companies to “proactively” tackle “disinformation” that allegedly pours into the UK from foreign states, such as Russia, and harms the nation, the government said on Tuesday. Platforms failing to do so will…

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