Hard Numbers: UK to foot energy bills, US gas prices stop falling, fiery protest in Japan, Oz gas project halted

September 21, 2022

A Southern Electric gas bill and a gas stove burner as the UK government unveiled a package of reforms in the energy market.

Reuters

6: Ahead of winter, the British government says it will pick up half the tab for businesses’ energy bills for six months starting Oct. 1. Increased government spending and debt, however, makes it trickier for the Bank of England to navigate its way out of soaring inflation.

99: US gasoline prices stopped falling for the first time in 99 days on Wednesday. The latest average price of $3.68 per gallon — up seven-tenths of a cent – is a far cry from its $5 high in June, but if gas prices start rising again it could further push up inflation.

12 million: An elderly man set himself on fire Wednesday in Tokyo’s Kasumigaseki government district to protest next week’s pricy state funeral for assassinated former PM Shinzo Abe. The estimated $12 million cost of the ceremony has divided Japan and hurt PM Fumio Kishida’s approval rating in recent weeks.

3.6: Indigenous landowners from Australia’s Tiwi Islands secured a major legal victory on Wednesday when a federal court halted a $3.6 billion natural gas development project led by the Aussie energy company Santos. The company said it plans to appeal.

Tensions between China and the West heat up amid military exercises

China's President Xi Jinping attends a meeting in Brazil in November 2024.

REUTERS/Adriano Machado/File Photo

Just days after a Chinese naval helicopter nearly collided with a Philippine patrol plane over a contested reef, China’s military started live-fire drills in waterways near Vietnam on Monday and between Australia and New Zealand over the weekend in an “unprecedented” display of firepower.

Hard Numbers: UK to foot energy bills, US gas prices stop falling, fiery protest in Japan, Oz gas project halted

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Tensions between China and the West heat up amid military exercises

Just days after a Chinese naval helicopter nearly collided with a Philippine patrol plane over a contested reef, China’s military started live-fire drills in waterways near Vietnam on Monday and between Australia and New Zealand over the weekend in an “unprecedented” display of firepower.

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India’s political class is in an uproar over claims by US President Donald Trump that USAIDgave $18 million to increase their country’s voter turnout.

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Subscribe to GZERO Media's newsletter: Signal

Ian Bremmer's Quick Take: Germany’s election results are in, with the far-right AfD party expanding their vote share to second place. Ian Bremmer looks at what the outcome means for the future of Europe and the transatlantic alliance.

“Those same geopolitical tensions that we see in physical space certainly are playing out in digital space as well,” says Anne Neuberger, former US Deputy National Security Advisor for Cyber and Emerging Technologies.

Just days after a Chinese naval helicopter nearly collided with a Philippine patrol plane over a contested reef, China’s military started live-fire drills in waterways near Vietnam on Monday and between Australia and New Zealand over the weekend in an “unprecedented” display of firepower.