The Energy Bill Relief Scheme offers help for businesses, the public sector and charity organisations.

Businesses in the UK are reinventing the way they run their organizations as industry dynamics change due to unprecedented inflation in the UK.

British energy giant Shell on Friday said windfall taxes imposed by the European Union and UK following a surge in profits would cost the group about $2 billion.

Wall Street was set to tap the brakes on Thursday as upbeat jobs data after a firm message from the Fed that it won't be cutting interest rates any time soon offset China's latest reopening plans.

By attempting to shield consumers from high prices, governments will only encourage consumption via lower prices, prolonging the energy crisis.

Germany used more renewable energy than ever in 2022 but again failed to reach its CO2-reduction goal as Russia's war in Ukraine prompted a return to more coal and oil use, a think tank reported Wednesday.

Investors were rocked last year by Russia's invasion of Ukraine in late February, soaring inflation and rising interest rates.

Europe's wholesale natural gas prices fell Monday to their lowest level since Russia invaded Ukraine, which had driven them to a record high last year.

Heavy falls in stock and bond markets over the last year have cut the combined value of the world's sovereign wealth and public pension funds for the first time ever - and to the tune of $2.2 trillion, an annual study of the sector has estimated.

Oil prices fell on Wednesday as concerns about an upsurge in COVID-19 cases in China, the world's top oil importer, outweighed expectations easing pandemic restrictions would lead to economic recovery and growth in demand for fuel.

Former Russian President Dmitry Medvedev, who is also a staunch Putin supporter, has made some really wild and weird predictions for 2023.

More than two million UK homes are connected via such smart prepay devices which link up to suppliers and use remote credit payment.

A short-lived bounce for global stocks faded on Thursday, as easing U.S. inflation expectations were overshadowed by fears about an economic downturn.

With three days to go before Christmas, retailers across the United States and Europe face a turbulent end to a drawn-out, mostly disappointing holiday shopping season.

British public borrowing unexpectedly jumped last month to hit its highest for any November on record, reflecting the mounting cost of energy subsidies, debt interest and the reversal of an increase in payroll taxes, official figures showed on Wednesday.

Portugal's parliament on Tuesday approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a near three-decade high.

Every morning on her days off, Mary Obomese wraps up in her winter coat and heads to Woolwich Centre Library in southeast London, where she spends two hours on the computer and keeps herself warm.

The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year.

EU countries are worried that they will have a hard time filling gas storage tanks in time for next winter.

European Union nations' energy ministers meet in Brussels on Monday in an effort to agree a cap on gas prices, an emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis.

A group of investors has tabled resolutions urging four of the world's top oil and gas companies to set broad climate targets for 2030, reviving pressure on the sector after a year that saw governments shift their focus to energy security.

The deal means emissions in the ETS sectors are to be cut by 62 percent by 2030 based on 2005 levels.

Coal has made a comeback in Germany this year, as Europe's largest economy turns to the dirty fuel to power it through an energy crisis.

The European Union will raise an extra 20 billion euros from its carbon market for investments to help end more swiftly the bloc's reliance on Russian fossil fuels, under a political deal reached on Wednesday.

European Union energy ministers are meeting in Brussels on Tuesday to try to agree a bloc-wide cap on gas prices after months of deadlock over whether the measure can ease Europe's energy crisis.

EU ministers meeting in Brussels on Tuesday struggled to bridge differences over a proposed cap on natural gas prices, a challenge stymying other measures designed to mitigate Europe's energy crunch.

A proposed cap on gas prices has divided European Union countries for months, as countries have argued about how high it should be set and whether the measure could hinder rather than help Europe's efforts to cope with an energy crisis.

Britain's economy rebounded in October a little more strongly than expected from September when output was affected by a one-off public holiday to mark the funeral of Queen Elizabeth, but a recession remained on the cards, official data showed on Monday.

The Netherlands is the world's biggest tulip producer and also the second biggest agricultural exporter overall after the United States, with much grown in greenhouses.

This was supposed to be the comeback year for the world economy following the Covid pandemic.