Energy bills to be cut by £84 for 11m UK households

Ofgem will lower the cap on default dual-fuel energy tariffs for 11 million households by £84, from an average of £1,126 a year to a record low of £1,042 from this October. It will also lower the cap on energy bills for customers using pre-payment energy meters by an average of £94 a year, from […]

Official calls for cargo company review after virus request

“Continuing to process the current application without reassessing how YB’s general rate increase request should proceed would be a serious misallocation of the Commission’s and Consumer Advocate’s limited resources,” Nishina said.

No, Really—These Republicans Are Serious About Big Tech Antitrust

“I was one of those people that believed that the market could correct itself—until I saw the cheating,” he said. Over the course of the subcommittee’s investigation, which began in June 2019, Buck heard stories from small business owners that convinced him the tech giants were getting away with unfair play thanks to their size. […]

Trump’s Executive Orders Hurt More Than TikTok and WeChat

A spokesperson for Tencent said the company was “reviewing the order to get more understanding.” WeChat has over 1 billion users, most of them in China, who rely on the app for everything from messaging to paying for coffee and booking doctor’s appointments. In the US, it’s an important way for immigrants and students to […]

Spotlight: U.S. re-imposes tariff on Canadian aluminum, sparking backlash

“These tariffs will raise costs for American manufacturers, are opposed by most U.S. aluminum producers, and will draw retaliation against U.S. exports — just as they did before,” Myron Brilliant, the U.S. Chamber of Commerce’s executive vice president and head of international affairs, said in a statement.

Burger King addresses climate change by changing cows’ diets

Greenhouse gas emissions from the agriculture sector made up 9.9% of total U.S. greenhouse gas emissions in 2018, according to the Environmental Protection Agency. Of that amount, methane emissions from livestock (called enteric fermentation) comprised more than a quarter of the emissions from the agriculture sector.

UK households will see bills fall £84 this winter as new energy price cap kicks in

Ed Dodman, director of regulatory affairs at the Energy Ombudsman, said: “This reduction in the price cap represents a much-needed financial boost for millions of households, at a time when many people are struggling due to the economic impact of Covid-19 and lockdown.

Gold Exodus: Hong Kong’s Wealthy Move Bullion Out of Financial Hub Over New Security Law Concerns

“The concern might be: if I have a dispute with a [Chinese] state-owned enterprise, which way will the legal decision go and how might that affect my assets, [or] what happens if the United States gets more crazy?” a Hong Kong commodity analyst, who did not want to be named, was quoted as saying. Gold […]

A Historian of Economic Crisis on the World After COVID-19

While we’re on the subject of the great powers’ mutual delirium: In a recent essay on the U.S.-China relationship, you suggest that the present tensions with China are fueled less by “social and economic interests” than by a long-standing ideological rivalry and its attendant national-security implications – and that, in fact, the rise of Communist China indicates […]