A scheme capping gas and electricity prices for British households for the next two years could cost up to 140 billion pounds ($159 billion) in an extreme scenario, analysts at Cornwall Insights said on Wednesday.
Germany's government will subsidise power prices for consumers in 2023 by paying 12.7 billion euros ($12.58 billion) towards usage fees on transmission networks by the four high-voltage transmission grid companies (TSOs), government and industry sources said on Wednesday.
British airline Virgin Atlantic on Wednesday decided to suspend its Heathrow-Hong Kong services, close its Hong Kong office and not resume flights in March 2023, after 30 years in the Asian city due to issues related to the closure of Russian airspace.
President Vladimir Putin formally incorporated four Ukrainian regions into Russia on Wednesday even as his forces retreated within them, while Moscow stepped up its energy war with Europe by further cutting gas supplies.
Marlboro maker Philip Morris has offered concessions to address EU antitrust concerns over its $16 billion bid for tobacco and nicotine products maker Swedish Match , a European Commission filing showed on Wednesday.
U.S. stock index futures fell on Wednesday ahead of key economic data as rising Treasury yields spurred selling in megacap growth stocks, with recession fears from aggressive central bank rate hikes weighing on risk appetite.
A group of Democratic lawmakers wants the U.S. Commerce Department to take additional steps to ensure semiconductor companies do not use government subsidies to conduct stock buybacks.
Amazon.com Inc is investing in outside venture capital funds for the first time, saying on Wednesday it planned to hand $150 million to firms that are backing underrepresented founders.
Victoria Okonkwo sits in a canoe as neighbours paddle her away from her house in Nigeria's food basket, Benue state, which is now under water – along with more than 100,000 hectares (247,100 acres) of farmland.
