Tuesday, 9 September 2025

Focus on Economy

Although a major oil producer, Nigeria often struggles with fuel shortages that cause long lines at petrol stations (AFP)
BusinessEconomyFuelNewsOilPolitics

State oil company ‘financial strain’ compounds fuel shortage in Nigeria

Higher living costs, inflation and an end to fuel subsidies contribute to chaotic scenes in Nigeria as fuel supplies grow scarce.

AnalysisBusinessEconomyEmissionsFinanceOpinion

Banks have committed to net zero, but aren’t on track to reach it

Opinion: Banks cannot single-handedly align our economies to net zero. But on what they can do, they must give their all.

A proposed increase in the Energy Profits Levy would cost the sector about £13 billion, an trade body has warned (Andrew Milligan/PA)
EconomyNatural GasNewsOilTrade

Oil and gas windfall tax rise would cost the economy £13bn, UK trade body warns

Increased windfall taxes on the UK’s offshore oil and gas industries would cost the economy about £13 billion.

AnalysisEconomyElectricityEmissionsEnvironment

African economic expansion need not threaten global carbon targets: study points out the path to green growth

Africa contributes only 4% of global greenhouse gas emissions, but its rapid growth could increase emissions without sustainable development.

A Department for Energy Security and Net Zero spokesperson said the Government is ‘committed’ to the 3.2 gigawatt power station project (PA)
EconomyElectricityNewsNuclear PowerPolitics

UK govt unlocks up to £5.5bn for new nuclear power station subsidy scheme

The UK unlocks up to £5.5 billion in subsidies for the Sizewell C nuclear plant, despite financial and environmental concerns.

FILE PHOTO: A view of the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeger/File Photo
EconomyFuelNewsOilPolitics

OPEC+ likely to proceed with planned output hike from October, sources say

OPEC+ is set to proceed with a planned oil output hike from October, six sources from the producer group told Reuters

FILE PHOTO: A view of the MP Materials rare earth open-pit mine in Mountain Pass, California, U.S. January 30, 2020. Picture taken January 30, 2020. REUTERS/Steve Marcus/File Photo
BusinessCritical MineralsEconomyElectionsElectric Vehicles (EVs)FinanceMineralsNewsPolitics

Wary of Trump, US minerals projects rush to close government loans

Battery and EV mineral firms hope to pay back collective $25bn in loans to US government amid fears Trump would shut down program.

Chancellor Rachel Reeves has defended the decision to withdraw winter fuel payments from millions of pensioner households (Andy Buchanan/PA)
EconomyElectricityFuelNewsPolitics

UK energy bosses meet minister as winter fuel squeeze defended

Government sticks to removal of UK winter fuel payment for pensioners but providers called on for talks on helping vulnerable households.

FILE PHOTO: Solar installers from Baker Electric place solar panels on the roof of a residential home in Scripps Ranch, San Diego, California, U.S. October 14, 2016. REUTERS/Mike Blake/File Photo
BusinessEconomyInfrastructureLabourNewsNuclear PowerPoliticsSolarStorageWind

US clean energy jobs growth rate double that of overall jobs, report says

Employment in clean energy businesses rose by 4.2% in the US last year, compared with an overall job growth rate of 2%.

AnalysisBusinessEconomyOpinionPoliticsTrade

Yes, it’s difficult for governments to pick green industry winners – but it’s essential Australia tries

The Conversation Australia: Picking winners is hard. That doesn’t mean green industrial policies will fail.

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