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Exxon and Chevron share $100bn in profit after surge in oil prices
Record haul during Ukraine war marks reversal of fortunes after pandemic demand crash
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Zelenskyy pledges victory in 2023 as Ukraine shoots down Russian missiles
Kyiv withstands barrage as president’s upbeat New Year’s address contrasts with message from Russia’s Vladimir
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Hunt considers taxpayer rescue of British Steel blast furnaces
Cabinet members lobby chancellor to offer £300mn to save the group’s Scunthorpe site
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Year in a word: Chip choke
Major powers have realised the critical importance of semiconductors to the global economy
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UK defence chiefs seek funding increase to confront rising threats
Military has to replenish weapons stockpile and procure new equipment
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Banks need financial incentives to tackle climate change, warns chief supervisor
FSB’s Dietrich Domanski says without financial incentives like a carbon tax, lenders will resist reforms
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Bad blood between Hungary and Ukraine undermines EU unity on Russia
Budapest’s energy dependence on Moscow and mistrust of Kyiv complicate the bloc’s approach to the
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UK ministers poised to launch £700mn fund to rebuild poorer areas
Initiative, lobbied for by charities and MPs, expected in new year as part of levelling-up
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