Dutch-owned grid operator mulls sale to German government
A state-owned Dutch company that is Germany’s biggest electricity grid operator says it plans to hold talks on selling its entire German business to the government in Berlin.
Business
UK must quit climate-harming energy charter treaty, experts say
Secret international court system enables fossil fuel firms to sue governments for lost future profitsExperts have urged the UK to leave the controversial energy charter treaty (ECT), a secret court system that enables fossil fuel companies to sue gove…
UK energy suppliers to end prepayment meter installation in vulnerable homes
BEIS also asks firms how many warrants to forcefully enter people’s homes they have applied forStab vests, huge dogs and escape routes: the secret diary of a prepay meter fitterAll energy suppliers in the UK have pledged to end the installation of prep…
Russia says it will cut oil production over Western caps
A Russian official says the country will will cut oil production by 500,000 barrels per day next month in response to the West capping the price of its crude over the war in Ukraine.
Adidas could take €1.2bn revenue hit if it writes off Kanye West’s Yeezy stock
German sportswear company cut ties with rapper in 2022 over his antisemitic commentsAdidas has warned that it could take a revenue hit of €1.2bn (£1bn) and slump to a loss this year if it decides not to sell its remaining stock of products made in coll…
Asia shares mostly fall, eyeing inflation, earnings, growth
Asian shares have fallen after Wall Street retreated for a second day as market watchers considered earnings reports and various indicators about whether inflation is waning in the U.S. and elsewhere.
UK narrowly avoids recession after figures show growth flatlining
Economy contracted in December by 0.5% after expansion of 0.1% and 0.55% in previous two monthsBusiness live updates: UK ‘not out of woods yet’ – Jeremy HuntThe UK avoided entering a recession at the end of last year by the narrowest of margins, offici…
UK economy stagnates during final three months of 2022
The British economy stagnated in the final three months of last year, offering little help for 7 million households expected to struggle to pay food and energy bills.
Australian TV broadcasters claim more gambling ad restrictions could cut free sport coverage
Free TV Australia has rejected calls for further restrictions, telling inquiry the current regime is poorly understood by the communityFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or dail…
Consumers sue to block Kroger-Albertsons merger, recover $4B dividend
Opposition to a proposed merger between Kroger and Albertsons took a new turn last week after 25 consumers, including a Kirkland man, challenged the $25 billion deal.