Page 34 - Gb News Today

The world has moved on from former British prime minister Boris Johnson and the governing Conservative Party and the rest of the country do not miss the drama of his period in office, energy minister Grant Shapps said on Sunday.

Pandemic-related disruptions to global supply chains and the effects of Russia's war in Ukraine have driven up prices of energy, commodities and necessities.

WikiLeaks' founder Julian Assange has lost his latest attempt to fight extradition from Britain to the United States where he is wanted on criminal charges, though he will renew his appeal next week.

The pound headed for a second week of gains on Friday, boosted by the prospect of UK interest rates catching up with U.S. rates, as the Bank of England fights to bring down the highest inflation across leading economies.

Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said.

Boris Johnson awarded his political aides and allies with some of Britain's highest honours to mark his resignation as prime minister, including some who attended parties in government buildings during COVID-19 lockdowns.

With AI rapidly becoming a buzzword across industries, oil and gas companies are exploring ways to use this technology to fuel innovation in the energy sector.

The European Bank for Reconstruction and Development (EBRD) will provide a 200-million-euro ($215-million) loan to Ukrainian state railway company Ukrzaliznytsya to help improve links to the European Union, officials said on Friday.

Venture Global LNG, which is building three multi-billion dollar U.S. liquefied natural gas processing plants, is sparring with two customers of its first project over mechanical failures that have prevented commercial deliveries a year after initial shipments began.

A British foreign exchange company boss who used investors' cash to fund his luxury lifestyle was sentenced in his absence to 14 years in jail on Friday over a 70 million pound ($88 million) Ponzi scheme.