Author: Fatimah Idera

Ed Miliband has sunk an extra £2.7bn into Sizewell C after EDF slashed its stake in the nuclear power project. The Energy Secretary said the additional money would boost energy security, jobs and the race for net zero. But anti-Sizewell campaigners questioned the wisdom of pouring billions into a project that the Government has still not taken a final decision to build. It means UK taxpayers have so far spent a total of £8bn on the nuclear power station. The latest cash is thought to be aimed at building confidence in the project, potentially attracting other investors as EDF steps…

Hotels predominantly in London are threatening to evict hundreds of asylum seekers after failing to receive contracted payments from an accommodation company ditched by the Home Office. The hotels, largely in the London area, say that they should have received payments from Stay Belvedere Hotels (SBHL) for housing the asylum seekers last month. They claim that means they have been unable to pay their insurance premiums, leaving them in breach of their contracts and potentially without cover. “We are saying that if there is no payment, there is no option. We will have to evict the asylum seekers,” the owner…

Ed Miliband has approved a £4bn development off the Sussex coast despite hundreds of objections, the plans for a giant wind farm to be built in the English Channel with dozens of turbines as tall as the Eiffel Tower. The wind farm, called Rampion 2, received the green light from the Energy Secretary despite objections from hundreds of locals who fear it will damage ecosystems and ruin views from the coastline and South Downs National Park. Once complete, the £4bn development will stretch 50 miles along the coast from east of Brighton to west of Bognor Regis.The plans are part…

Britain’s Prince William was joined by celebrities and soccer stars to announce on Friday that he would take the annual awards ceremony for his multi-million dollar environmental prize to Brazil this year. The heir-to-the throne launched the Earthshot Prize in 2020, with the aim of making huge strides towards fixing environmental problems within a decade. A nod to former U.S. President John F. Kennedy’s “moonshot” project which led to the 1969 lunar landing, its goal is to find innovations to combat climate and other green issues, and awards five winners 1 million pounds ($1.3 million) each to drive their projects.…

London shares plunged on Thursday, as investors avoided risky assets after U.S. President Donald Trump’s reciprocal tariffs amplified global trade war and recession worries. The blue-chip FTSE 100 touched a two-month low, closing down 1.6%, posting its largest daily drop since August 2024.The midcap FTSE 250 index fell 2.2%, hitting a one-year low. Recall, Trump’s new tariffs announced on Wednesday set a baseline of 10% for all imports and higher duties on some of the biggest trading partners of the U.S., crystallizing the global markets’ fears of economic stagflation. However, London said a trade deal with the U.S. is close,…

Chair Helge Lund intends to steping down from his role as BP chairman,with the UK processing to pick his successor, the energy group said on Friday amid a campaign by activist hedge fund Elliott for more change at the company. Lund informed the board of his intention to step down in due course which take effect in 2026. Lund had backed BP’s 2020 strategy under former CEO Bernard Looney to move away from oil and gas, including an ambition to cut its hydrocarbon output by 40% this decade. BP’s shares have been underperforming rivals such as Shell and Exxon. BP’s…

Britain approved the expansion of London’s Luton Airport giving the green light to the building of a new terminal which will allow passenger numbers at the capital’s fourth busiest hub to jump by almost 80%. Britain’s Labour government, elected last July, has put speeding up the planning process to deliver new energy and transport projects at the heart of its growth agenda, and has already backed expansion at London’s bigger Heathrow and Gatwick airports. Luton, located 35 miles north of London, plans to add a terminal building, expand existing buildings and build new taxi-ways, as it looks to grow annual…

Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry , a pace of change the head of British insurer Aviva called “unacceptable”. Further progress may be harder as financial firms and other companies try to balance promises they have made with U.S. President Donald Trump’s drive to crack down on diversity and inclusion-related goals. Women working in finance held 36% of senior positions last year, up from 35% in 2023 and 34% in 2022. The slow progress was attributed to restructuring, low turnover in senior management and…

England’s men won the World Cup for the first and so far only time when the country hosted the finals in 1966. It has never staged the women’s tournament. “We are honoured to be the sole bidder for the FIFA women’s World Cup 2035,” FA CEO Mark Bullingham said in a statement. “Hosting the first FIFA World Cup since 1966 with our home nations partners will be very special. The hard work starts now, to put together the best possible bid by the end of the year.” The United States, with the possibility of other countries in the CONCACAF region…

Floods have struck the Greek tourist islands of Mykonos and Paros, turning roads into rivers and sweeping away cars. A state of emergency has been declared on both islands, with authorities telling residents to stay at home just as businesses were gearing up for the tourist season. Authorities on the islands of Paros and Mykonos in the Aegean Sea swung into action to clear overturned cars and debris after hail storms and torrential downpours on Tuesday. The severe storms that hit the Aegean also affected Crete and Rhodes, both popular holiday destinations for British holidaymakers. The storm that hit Paros,…