The US House of Representatives has approved legislation allowing sanctions against countries purchasing Russian oil above the G7 price cap, specifically targeting India with a potential 100% tariff. This move complicates India's energy strategy, which relies on discounted Russian crude.
E.On has announced plans to acquire Ovo, a move that would create the UK's largest energy supplier. Consumer groups have advised Ovo customers that their tariffs and service will remain unchanged.
Heathrow Airport reported a 5.3% decrease in passenger numbers for April, attributing the decline to the ongoing conflict in the Middle East. Approximately 6.7 million passengers travelled through the London hub, a reduction from 7.1 million in the same period last year, as travellers adjusted plans to avoid the region.
Edinburgh Airport will increase its main drop-off fee to £8.50, up from £6, starting next week. This change, which also eliminates reduced rates for electric vehicles, is attributed by airport management to an "unacceptable" £8 million rise in business rates.
