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Soaring energy prices: How does the UK compare with Europe?

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Soaring energy prices: How does the UK compare with Europe?

Power payments within the UK will leap by 80% this winter, the nation’s power regulator Ofgem introduced on Friday, because the Ukraine battle continues to drive up costs.  

The hike means the common family can pay €4,182 (£3,549) every year to warmth and energy their houses, main NGOs to warn that thousands and thousands will probably be plunged into poverty — except the federal government steps in. 

However how do UK power costs examine to these throughout Europe? 

These infographics present which European households are forking out essentially the most for his or her gasoline and electrical energy payments and people paying the least.

Electrical energy costs

The above chart exhibits how a lot these residing in Europe are paying on common for his or her electrical energy.

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Even earlier than at this time’s hike was introduced, UK households confronted among the highest costs in Europe — almost double France. Solely the Czech Republic was greater than the UK, which was adopted by Italy and Estonia. 

Norway, which has giant reserves of oil and gasoline, has the most affordable electrical energy payments, forward of Switzerland and Malta in second and third, respectively. 

Having just lately struck new power offers with Russia, households in Hungary are additionally paying among the lowest charges for his or her electrical energy in Europe.  

The chart relies on knowledge for July and compares costs for households in European capitals. 

To standardise the information — and so make a comparability attainable — the costs are adjusted to buying energy requirements (PPS), which eliminates the worth degree variations between nations by utilizing a synthetic widespread foreign money.  

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Gasoline costs

Utilizing the identical methodology because the earlier infographic, this chart compares gasoline costs in Europe. 

Whereas there are some similarities to electrical energy costs — with each Hungary and Serbia paying the least for his or her gasoline — most nations fare otherwise. 

Bulgaria, the Netherlands and Greece are on the unlucky high spot, with households grappling with power costs method above the European common. 

The UK, which doesn’t import a single whiff of gasoline from Russia, lies in the course of the chart, though the latest value hike is ready to push the nation in the direction of the higher finish of the pile. 

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So what are European nations doing about it?

Power costs are rising in each European nation, although the fallout for individuals just isn’t the identical. 

That is largely resulting from governments stepping in to attempt to protect households from the seemingly unending surge in gasoline and electrical energy costs. 

The UK — ready to know who its subsequent prime minister will probably be — has been criticised for not doing sufficient to assist individuals deal with the worth will increase. 

In spring the federal government introduced all households will get a £400 rebate on power payments, which means £60 will probably be knocked off power payments each month for six months. 

Nonetheless, power costs have skyrocketed because the measures had been revealed, and from October a typical family will see month-to-month power payments of round £300 a month.

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However the state of affairs just isn’t the identical in different main European nations. 

France

France can be providing a one-off fee to its residents to assist them face onerous occasions, although at simply €100 that is significantly decrease than within the UK and Italy.

However France has stepped up its recreation on the supply, forcing the nation’s state-owned power supplier EDF to restrict electrical energy wholesale value rises to 4% a yr. 

This value cap, set to final till 31 December, is likely one of the the reason why the French have among the lowest gasoline and electrical energy costs in Europe, as outlined within the above charts. 

Nonetheless, the nation’s largest supply of power is nuclear, which means it’s much less affected by spikes in gasoline and oil costs. 

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The federal government’s intervention is anticipated to value France €8.4 billion.

France’s Minister of Economic system, Bruno Le Maire, stated in August that entry to a €3 billion euro fund for companies unable to satisfy their power payments can be made simpler. 

Germany

Germany, which is closely reliant on Russian power, has pledged to cut back taxation on pure gasoline from 19% to 7%, on high of measures geared toward slicing power consumption. 

The German authorities additionally authorized two aid packages totalling €30 billion to assist its residents with rising power costs this yr.

In the meantime, closely subsidised public transport tickets — at €9-a-month — have been supplied to Germans in a bid to alleviate the price of residing disaster and enhance the nation’s inexperienced credentials. 

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German households will nonetheless pay virtually €500 extra a yr for his or her gasoline resulting from a brand new levy — to be imposed from October — serving to utility corporations cowl the price of changing Russian provides.

Italy

In August, Italy authorized a brand new support package deal price round €17 billion to assist shield individuals and companies from surging power prices. 

This got here on high of an additional €35 billion put aside since January to battle the price of residing disaster.

Italy has additionally introduced its intention to tax corporations taking advantage of greater power costs, whereas selling a value cap at a European degree to assist comprise value spikes.

Hungary

Hungary’s authorities has declared a state of emergency over power, tightening guidelines round value caps. 

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In what marked a exceptional U-turn on a key coverage, Hungarian Prime Minister Viktor Orban scraped power value limits for high-usage households, although controls stay in place for these utilizing lower than the common. 

Power costs have been frozen in Hungary for nearly a decade, with households having among the lowest gasoline and electrical energy payments in Europe since 2013. 

The common Hungarian’s month-to-month electrical energy invoice is available in at round €19, which might be about 5 occasions extra if the cap was not in place. 

Vowing that Hungary may have sufficient, Orban has signed new gasoline offers with Russia, frightening the ire of European leaders. 

Spain

Like Italy, Spain has taxed power corporations raking in large earnings from the latest power value will increase and pledged to make use of the cash to assist its residents pay their payments.

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Madrid has already slashed value-added tax (VAT) on power from 21% to 10%, whereas additionally slicing an current tax on electrical energy from 7% all the way down to 0.5%.

Spain at present enforces a one-year cap on gasoline costs, agreed by the European Fee, which ensures they continue to be decrease than a median of €50 per megawatt-hour.

Comply with Josh on Twitter at @Joshua_E_Askew

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Oatis, Reuters Americas desk editor, is retiring – Talking Biz News

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Oatis, Reuters Americas desk editor, is retiring – Talking Biz News

Friends and colleagues,

As many of you know, I’m retiring. Dec. 28 will be my final day of work after 34 years here, 10 years with the Associated Press, and time at the Greenville (South Carolina) News and a community weekly in coastal Maine.

I’ve had a lot of fun — learning something new nearly every day, crafting the occasionally clever headline and, most of all, working with some of the smartest, wittiest, nicest people in the business. I believe journalism is indeed the first rough draft of history, and that good stories can effect change, which has made the work meaningful as well as enjoyable.

I turned 70 last April and considered retiring then. But I began covering or editing presidential campaign stories in 1980, and I couldn’t resist working on one last White House run. It was well worth it.

For me, Reuters represented not one job, but a series of gigs with the same employer. In my early days as a general and political news desker, I learned to write in British English as well as American English. After the desk moved to Washington in the mid-90s, I worked on the Reuters Business Report, getting an education in business and financial journalism. (I also started a five-year adjunct professorship at Columbia’s j-school.)

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After a stint as the first in-house editor of Reuters’ online internet and technology reports, I landed one of my best posts: working on the News2Web editorial system project in London from 2000-2004. My family and I spent four wonderful years in Britain, making lifelong friends and exploring Europe. I followed that up with a yearlong posting in Bengalaru running a global economic polling team, where we forged more friendships and experienced a fascinating culture.

Since returning to the States in 2006, I’ve mostly desked but there’ve been other jobs, including deputy Top News editor, Front Page editor, Reuters.com online editor and Legal News desk editor.

The list of people I could recognize for their support and friendship over the years is long, and I’d probably inadvertently leave someone out, so I’ll shout out just two people: my father, 47-year AP veteran, Cold War press hero, U.N. correspondent and role model William Oatis, whom I occasionally accompanied into the U.N. bureau on weekends starting around age 12 (He’d put me to work ripping and sorting wire copy), and the late Keith Leighty, who was my boss at RBR and became one of my closest friends.

As for those I haven’t named, you know who you are. Thanks for everything and stay in touch.

I’d be remiss in not recognizing the good work of the NewsGuild and my fellow NewsGuild members to ensure we get paid fairly and enjoy decent working conditions. And, to this day, I truly believe the union’s efforts ultimately benefit the company.

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Allbest,
Jonathan

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Plane veers off airport runway in South Korea and crashes, killing at least 176: reports

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Plane veers off airport runway in South Korea and crashes, killing at least 176: reports

A Jeju Air flight skidded off a runway in South Korea and collided with a concrete fence, killing at least 176 people, the Associated Press reported, citing the country’s National Fire Agency (NFA).

The Yonhap News Agency attributed the devastating crash, one of the worst in the country’s history, to malfunctioning landing gear. 

Jeju Air, a low-cost airline in South Korea, was carrying 175 passengers and six crew members in the Boeing 737-800 when the incident occurred Sunday morning local time at Muan International Airport in Muan County, South Jeolla Province, roughly 180 miles south of Seoul.

At least 176 people — 83 women, 82 men and 11 others whose genders weren’t immediately identifiable — died in the fire, the fire agency said. 

KAZAKHSTAN PLANE CRASH SURVIVORS SAY THEY HEARD BANGS BEFORE AIRCRAFT WENT DOWN; PUTIN ISSUES STATEMENT

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Firefighters carry out extinguishing operations on an aircraft which drove off runaway at Muan International Airport in Muan, South Jeolla Province, South Korea, on Dec. 29. (Yonhap via Reuters)

Firefighters carry out extinguishing operations on an aircraft which drove off runaway at Muan International Airport in Muan

Firefighters carry out extinguishing operations on an aircraft which drove off runaway at Muan International Airport in Muan, South Jeolla Province, South Korea, on Dec. 29. (Yonhap via Reuters)

According to the NFA, emergency workers rescued two people, both crew members who were conscious. Three people remained missing about nine hours after the incident.

The plane landed at 9:07 a.m. local time at the airport when the incident happened. 

According to the Associated Press, the passenger plane slammed into a concrete fence on the runway after its front landing gear failed to deploy. 

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The plane was flying back to South Korea from Thailand, the Yonhap News Agency reported.

Photos shared by local media showed smoke billowing out of the plane.

A senior Transport Ministry official said that the flight data recorder from the plane’s black box was retrieved and that crews were still searching for the cockpit voice recording device, according to the AP.

The Associated Press contributed to this report.

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Italy says talks ongoing with Iran to release Cecilia Sala from prison

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Italy says talks ongoing with Iran to release Cecilia Sala from prison

Sala was reporting in the Iranian capital when she was detained on 19 December, according to the Italian foreign ministry.

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Italy’s Foreign Minister Antonio Tajani has said that Cecilia Sala, an Italian journalist detained by Iranian police in Tehran, is in “good health” and that negotiations are under way to bring her home.

Tajani said she has spoken to her parents and received a visit by Italy’s ambassador to Iran.

“The Iranian Foreign Ministry will give her basic necessities, as requested by our embassy,” Tajani said in Rome.

Sala was reporting in the Iranian capital when she was detained on 19 December, according to the Italian foreign ministry.

A contributor to the newspaper Il Foglio and the voice behind the podcast Stories by Chora Media, Sala has had her work featured in several notable Italian outlets, including Vanity Fair, Wired, and L’Espresso.

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Il Foglio said she is being held in Tehran’s Evin Prison, notorious for holding dissidents.

The paper said Sala was in Iran with a regular visa “to report on a country she knows and loves.”

The newspaper’s editor, Claudio Cerasa, wrote on Friday that “journalism is not a crime,” asking to “bring Cecilia Sala home.”

Chora Meda said Sala had departed Rome on 12 December with a valid journalistic visa and official guarantees for foreign correspondents.

During her stay, she conducted several interviews and produced three episodes of her podcast. 

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She was scheduled to return to Rome last Friday but stopped responding to messages on the morning of 19 December.

Iran has not acknowledged Sala’s detention but it can take weeks before authorities announce such arrests.

A history of similar detentions

Since the 1979 US Embassy crisis, which saw dozens of hostages released after 444 days in captivity, Iran has used prisoners with Western ties as bargaining chips in negotiations with the world.

In September 2023, five Americans detained for years in Iran were freed in exchange for five Iranians in US custody and for $6 billion (5.75 billion) in frozen Iranian assets to be released by South Korea.

Western journalists have been held in the past as well. Roxana Saberi, an American journalist, was detained by Iran in 2009 for 100 days before being released.

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Also detained by Iran was Washington Post journalist Jason Rezaian, who was held for over 540 days before being released in 2016 in a prisoner swap between Tehran and Washington.

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