Source: Sharecast
Britain’s foreign secretary, Ed Miliband, is to indicate he will put the climate crisis and overseas development at the heart of UK international relations by taking up the country’s seat on the board at the World Bank. The position, which is usually delegated to a junior minister, means Miliband will play an active role in shaping the changes to the World Bank that developing countries have called for, and ensuring the climate remains a core focus for overseas aid. – Guardian
A glut of power from Britain’s wind farms has added nearly £1bn to energy bills, new figures show. Wind operators were forced to curtail output from their machinery by 28pc in the first half of the year, according to Montel, leading to compensation payouts of £900m. – Telegraph
A flood of cheap steel from Asia is threatening jobs at British plants, the country’s biggest producer has warned. Tata Steel said its UK sites could become “unsustainable” after new government tariff quotas raised the amount of some types of steel that could be imported. – Telegraph
The former chairman of the UK’s competition regulator who was ousted by Rachel Reeves has led calls for Andy Burnham’s government to toughen oversight of the world’s largest technology companies. The Competition and Markets Authority was given new powers at the start of last year to move more swiftly on this front under the Digital Markets, Competition and Consumers Act, but critics say that the watchdog has been too soft in its execution. – The Times
One of Pinewood Technologies’ largest shareholders is refusing to support its proposed £545 million sale to an American private equity house because of an “unprecedented” clause in its takeover offer. Harwood Capital, which owns 5.7 per cent of Pinewood, has taken umbrage with the preferential liquidation rights set out by Ridgeview Partners. – The Times