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UK scales back $1.2b funding to help homes cut energy use

Bloomberg The UK government won’t be able to insulate as many homes as planned before winter after it scaled back a £1 billion ($1.2 billion) boost to its flagship scheme to help some of the country’s poorest households curb their energy use. A plan was dropped to double the £1 billion of funding in the so-called Energy Company Obligation after ...

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Gazprom halts gas supplies to Latvia

  Bloomberg The Russian gas producer Gazprom PJSC halted supplies to Latvia, saying the Baltic nation had “violated the conditions” of its purchases. Flows were cut off, Gazprom said in a statement on Telegram, without providing details. Latvian operator Latvijas Gaze said it would continue to purchase Russian gas through an intermediary. The company said it wouldn’t be buying gas ...

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Chips act ignores true US leaders for Asian winners

  Long-awaited funding for the CHIPS Act is a win for a cabal of US chipmakers and foreign companies, but largely ignores the nation’s true semiconductor leaders who have been propping up the domestic sector for two decades. Three-quarters of the $52 billion allocated to the industry by Congress was earmarked “to strengthen semiconductor advanced test, assembly, and packaging capability ...

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