Thanks for becoming a member of me. Ofgem has lowered its worth cap on power payments that means households will save about £238 a yr from April.
The power regulator lowered its restrict on what suppliers can cost from a median of £1,928 a yr to £1,690.
5 issues to start out your day
1) Mercedes-Benz chief vows to construct petrol automobiles ‘well into’ 2030s | German automotive big waters down its targets for electrical automobile gross sales as demand slumps
2) Rolls-Royce will construct first mini-nuclear reactor in Europe as an alternative of UK, boss warns | Engineering big’s boss warns of penalties to Britain’s gradual determination making
3) How Japan shook off many years of stagnation – and beat inventory market information | Benchmark increase fuels hopes of a much-anticipated financial comeback
4) Thames Water crisis prompts warning that fines may set off collapse | Rising debt ranges threat touchdown taxpayers with multi-billion pound bailout invoice
5) Ben Marlow: Amoral Cadbury proprietor is giving cowl to Putin’s battle crimes | Mondelez’s flimsy stance on Russia has uncovered the entire ESG edifice as an absurd, empty sham
What occurred in a single day
Asian shares climbed following a day of report highs in Japanese, US and European markets fuelled by Nvidia’s mammoth outcomes.
Shanghai, Sydney, Seoul, Taipei, Wellington and Mumbai, as nicely as Bangkok, Manila and Kuala Lumpur all rose.
Jakarta and Singapore had been down, whereas Hong Kong was flat. Tokyo is closed for a vacation.
All of Wall Street’s important inventory indexes hit report highs following the massive earnings from Nvidia that prompted a contemporary spherical of inventory shopping for over synthetic intelligence.
The Dow Jones Industrial Average broke 39,000 for the primary time on Thursday, ending up 1.2pc at a report 39,069.11.
Meanwhile, the S&P 500 jumped 2.1pc to a report 5,087.03, whereas the tech-rich Nasdaq Composite Index surged 3pc to 16,041.62, leaving it about 15 factors wanting an all-time excessive.
Shares of Nvidia surged 16.4pc, lifting its market worth to nearly $2bn, after reporting that quarterly earnings soared to $12.3bn amid report excessive income pushed by demand for its know-how to energy synthetic intelligence.
The yield on 10-year US Treasuries was little modified at 4.32computer, from 4.33computer late on Wednesday.
