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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 ...

  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 ...

  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 ...

“It feels like it’s Birmingham’s chance to shine,” says Stephen Knight, the creator of Peaky Blinders, a hit television series set in the city. Two thousand performers took part in last night’s opening ceremony for this year’s Commonwealth Games. The city’s landmarks are splashed in bright paint or festooned with multi-colored banners. Brummies are brimming with pride. The games are ...

  In the European energy crisis, all of the attention is focused on Germany and gas from Russia. But France and its fleet of struggling nuclear reactors are at least as important. Indeed, the first European city to suffer a blackout as temperatures drop toward the end of the year may well be Paris rather than Berlin. As winter approaches, ...

  By all indications, Russian President Vladimir Putin is weaponizing energy exports to divide Europe and undermine its support for Ukraine. The European Union’s response this week is unlikely to change his calculations. Time is running out to come up with a better solution. Russia’s state-owned Gazprom PJSC has slashed gas flows to Europe through the Nord Stream 1 pipeline ...

Bloomberg Boeing Co received preliminary US regulatory clearance to restart deliveries of its 787 Dreamliner aircraft, paving the way for the end to a drought that drained cash and dented the planemaker’s reputation for quality. The Federal Aviation Administration (FAA) approved Boeing’s plans to inspect and repair tiny manufacturing flaws in the Dreamliner’s carbon-composite frame, two people familiar with the ...

  Bloomberg JetBlue Airways Corp already overcame one adversary in its battle to acquire Spirit Airlines Inc. Now it faces an even bigger fight. The $3.8 billion merger must undergo a rigorous antitrust review that analysts say could lead to significant divestitures or changes to the deal’s structure — if it gets approved at all. Concern over regulatory pushback was ...

Bloomberg Amazon.com Inc showed its e-commerce and cloud-computing businesses can churn out revenue even as consumers worry about inflation and the company gets serious about curtailing expenses. Investors sent shares up more than 12% in pre-market trading. Amazon reported second-quarter sales that topped analysts’ estimates and gave a revenue forecast for as much as 17% growth in the current period. ...

  Bloomberg Air France-KLM plans to raise capacity closer to 2019 levels by the end of the year, later than previously expected after battling soaring demand in the peak summer season. The Franco-Dutch carrier will operate 80% to 85% of pre-pandemic flight volumes during the current period, a drop from the up to 90% forecast in May. It’s planning to ...