Energy price hikes could force UK pubs to shut

Newsletter Aug 30, 2022 [ International Business Times]( [Energy price hikes could force UK pubs to shut]( Britain's cost of living crisis has seen inflation soar to 40-year highs, with a widening number of strikes over pay offers that fail to keep pace with rising prices. [Learn more about Jeeng]( [UK services sector downbeat in face of record costs - CBI]( Britain's services businesses reported a record increase in costs over the past three months and are downbeat about the future, as inflationary headwinds look set to squeeze demand further, the Confederation of British Industry said on Tuesday. You Might Like    [Learn more about Jeeng]( [Experienced Truss favourite to be next UK PM]( Truss, 47, has described her ascent towards the top of British politics as a "journey" that has seen her criticised for being ambitiously opportunistic. [What next for Boris Johnson?]( Johnson, 58, famously signed off his final performance as prime minister in the House of Commons by telling MPs: "Hasta la vista, baby". [EU plans emergency action to halt energy price rise]( Energy ministers from EU member states will hold urgent talks in Brussels on September 9. [European shares drop as policymakers seek to tame hot inflation]( European shares dropped on Monday, while bond yields surged as comments from central bank policymakers heightened fears of aggressive measures to stamp out inflation amid rising risks of a recession. [Stocks extend losses after Fed chief's warning]( The dollar closed in on the 140-yen mark not seen since 1998, but an easing in European gas prices helped the euro limit its losses. [Oil prices slip as inflation woes outweigh possible OPEC+ output cuts]( Oil prices fell on Tuesday after notching their highest gains in more than a month in the previous session, as global inflation worries overshadowed the prospect of possible OPEC+ output cuts. [As crisis bites, Spain pushes to become EU energy hub]( Spain wants to become the new gateway for gas through an ambitious trans-Pyrenees pipeline and is hoping supply-starved Germany will pressure a reluctant France. [Sony to buy mobile game developer in push beyond consoles]( Sony Group Corp on Monday said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount as part of a major push by the Japanese conglomerate beyond console gaming. [Elon Musk: Focused on getting self-driving Teslas in wide release by year-end]( Tesla chief Elon Musk said on Monday he aimed to get the electric auto maker's self-driving technology ready by year-end. [Honda, LG to invest $4.4 bn in US battery plant]( Japanese auto giant Honda and South Korean battery maker LG Energy Solution announced a joint venture Monday to invest $4.4 billion in a new US electric car battery plant. [More western tech companies set out Russian exit plans]( Western technology companies, including Ericsson and Nokia, announced plans for complete exits from Russia on Monday, following Dell last week, as the pace of withdrawals accelerates. [EU may agree tightening visas for Russians, discuss training of Ukraine troops]( European Union foreign ministers may agree to tighten the issuance of visas for Russians and start debate on a wider ban on tourist visas though there is no agreement on that.  [Learn more about Jeeng]( [IBTimes]( IBTimes will always protect your security and privacy. Please read our detailed [Privacy Policy.]( Please do not reply to this email. [Click here]( to adjust your notification preferences or unsubscribe. © Copyright 2022 IBTimes LLC. All Rights Reserved. IBTimes LLC, 33 Whitehall ST FL 7, New York, NY 10004 U.S.A, New York, New York 10004, United States You may [unsubscribe]( or [change your contact details]( at any time.