Political News
UK government green lights Rosebank oil field
The government has approved the development of Rosebank, the UK’s largest untapped oil field, sending shares in its operators higher.
UK car industry hits out at possible delay to petrol car ban
The UK motor industry has criticised plans by the government to potentially water down a number of core green policies.
Sunak waters down key green pledges ahead of election battle
UK Prime Minister Rishi Sunak on Wednesday delayed a ban on new petrol and diesel cars as part of a calculated move to water down plans to achieve net zero carbon emissions by 2050 and play wedge politics ahead of the next general election.
Tata secures £500m support for steelworks, large job losses feared
The UK government is to provide Tata Steel with up to £500m to redevelop the Port Talbot steelworks, after a long-anticipated deal was agreed on Friday.
European Commission cuts economic growth expectations
The European Commission unveiled its summer 2023 economic forecast on Monday, cutting its expectations for growth across the eurozone and the wider 27-member European Union.
NatWest confirms Haythornthwaite as its next chairman
NatWest Group confirmed that prominent business leader Rick Haythornthwaite would become its new chairman on Wednesday afternoon, following earlier media reports, amid ongoing controversies around the bank’s decision to close accounts of political figure Nigel Farage.