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Households near new pylons to get £250 taken off annual energy bills
Discounts confirmed near more than 40 locations across Great Britain amid biggest upgrade to electricity grid since 1960sHouseholds living near new power pylons will have £250 a year taken off their energy bills as the UK government prepares to push ahead with more than 40 grid upgrade projects across the country.The government has promised hundreds of thousands of homes living within 500 metres of new grid infrastructure a saving of up to £2,500 on their energy bills over 10 years in
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SpaceX beats revenue expectations in first earnings report after IPO crash
Company posts $7.81bn in revenue, a jump of 92%, after share prices crashed following IPO debutFor the first time since SpaceX went public, the world is getting a first-hand look into the trillion-dollar corporation’s financials. The Elon Musk-run business reported its second-quarter earnings on Tuesday, saying that its revenue jumped 92% since June.SpaceX beat Wall Street expectations, reporting $7.81bn in revenue, versus analysts’ predictions of $6.93bn. While expansive, the company
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Inflation cools to 3.5% in June in relief brought by brief US-Iran deal
Recent strikes have sent oil prices climbing again, with average gas price per gallon up by 70 cents on last yearInflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire, which has since ended, brought energy prices down, according to new data from the Bureau of Labor Statistics.The consumer price index (CPI), which measures a basket of goods and services, has been elevated since the start of the war, largely because of higher energy prices. After mostly stayin