Bloomberg Chancellor Rishi Sunak announced a raft of measures as the UK government sought to get a grip on a burgeoning cost-of-living crisis, with millions of Britons facing record increases in their energy bills. “The government is going to step in to directly help people manage those extra costs,” Sunak said in the House of Commons, saying his intervention ...

  Bloomberg President Joe Biden is set to extend tariffs on imported solar equipment but leave in place a critical exemption, a senior administration official said, attempting a middle-ground approach intended to boost domestic manufacturing as well as US renewable energy deployment. The tariffs had been scheduled to expire in early February and will now run for another four years, ...

  Bloomberg European oil majors are erasing their pandemic slump as tensions between Russia and the West drive Brent crude above $92 a barrel. The Stoxx Europe 600 energy sub-index is outperforming all other sectors on Friday as crude heads for its seventh week of gains. Shell Plc, BP Plc and TotalEnergies SE led the rally, and the companies have ...