Global surge in electricity use could bring three more years of price rises

International Energy Agency says pollution from power generation will worsen until alternatives are found

The global surge in demand for energy could spark another three years of market volatility and record power plant pollution unless countries make major changes to how they generate electricity, the world’s energy watchdog has warned.

The International Energy Agency recorded the steepest ever increase in electricity demand last year, which triggered blackouts in major economies and led to historic energy price highs and record emissions.

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‘It felt like losing a husband’: the fraudsters breaking hearts – and emptying bank accounts

Romance scams robbed Britons of nearly £100m last year. Thanks to online dating and the pandemic, these cruel crimes are more sophisticated and prevalent than ever

In February 2019, Anna, a finance professional in her 50s, joined the dating website Zoosk. She had been single for four years, recovering from an incredibly difficult, abusive marriage. “I was finally ready to meet someone,” she says.

So, when she met Andrew, a handsome Bulgarian food importer living in London, she was thrilled. The pair were soon spending hours talking on the phone each day. Anna was smitten. “He showered me with love and affection,” she says. “If you imagine candy floss, I was the stick and he was the sugar wrapped around me. I felt as though I was floating.”

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Do smart supermarkets herald the end of shopping as we know it?

A new breed of supermarkets means the days of queues, checkouts and shoplifting are numbered. But what else will we lose when no-transaction shopping becomes the norm?

Welcome to the supermarkets of the future. They may look and feel like the supermarkets we are all used to – and stock the same bread, butter and bananas – but these shops are now fitted out with more than £1m of the latest technology that their bosses promise will put an end to our biggest frustration (queueing) and our most persistent crime (shoplifting).

Jill French, a legal secretary in her 30s, wearing a sharp navy suit and matching beret, has just left a Tesco Express on London’s Holborn Viaduct empty-handed. It’s coming up to 6.30pm on a Thursday and, like dozens of others, French has popped in for a few essentials on her way home. “I just went in to grab pasta, milk and some broccoli,” she says. “But there was such a queue I got frustrated and walked out.”

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UK shops fear gaps on shelves as new Brexit import rules hit

Regulations likely to result in higher prices and shortages for delis and others

After a few minutes in the queue spent eyeing up the best on offer at the local deli, it is decision time.

Maybe some of the wonderful Parma ham from Italy? With a few slices of Spanish chorizo? And a piece of brie from that farm in Normandy … oh, and definitely some of the black olives from Greece.

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Festive shrinkflation: tricks chocolate makers use to make us pay more

At this time of year, manufacturers have a few new tactics to get us to buy less for more money

Getting value for money might not be your prime goal when buying Christmas presents but if you are planning to snap up chocolates or sweets for the ones you love, it pays to check what you are going to get for your cash. That fancy box or tub may come at a cost (financial and environmental) – and, contrary to appearances, it might mean fewer treats for the recipient, not more.

We’ve all heard about “shrinkflation”, where companies sneak through price rises by shrinking pack sizes, but when it comes to festive confectionery, it’s important to be wise to the other packaging tricks that manufacturers and retailers maybe hope we won’t notice.

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How to teach children the real value of money

A study has shown that by the age of seven they can grasp the lessons they need to learn to avoid financial problems in the future

The early experiences children have with money can shape their financial behaviour as adults, according to a study published by the UK government’s MoneyHelper service. By the age of seven, the University of Cambridge study found, most children are capable of grasping the value of money, delaying gratification and understanding that some choices are irreversible or will cause them problems in the future. The research suggests children who are allowed to make age-appropriate financial decisions and experience spending or saving dilemmas can form positive “habits of the mind” when it comes to money. This could lead to a lifelong improvement in their ability to plan ahead and be reflective in their thinking about money, or they may learn how to regulate their impulses and emotions in a way that promotes positive financial behaviour later in life.

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How latest update to England’s travel red list will affect planned trips

Six southern African countries added to list and temporary flight ban in place owing to new Covid-19 variant

The UK government has added six countries to the travel red list after the emergence of a new coronavirus variant. As of midday on Friday, South Africa, Botswana, Lesotho, Eswatini, Zimbabwe and Namibia are subject to restrictions and a temporary flight ban. Non-UK and Irish residents who have been in any of those countries in the previous 10 days will be refused entry into England. And the move will have an impact on anyone who has a trip planned.

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Ryanair to shake up refunds policy after pandemic criticism

Airline, which even barred some people who sought redress, commits to refunds within five working days

Ryanair has promised to start refunding customers for cancelled flights within five working days, after criticism of its reimbursements policy during the pandemic.

The Dublin-based carrier, which has previously described itself as a “no-refunds airline”, has also announced significant improvements to the way it treats customers whose flights are delayed or cancelled.

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Boomerang boomers: the over-50s moving back in with their parents

Financial and relationship woes caused by Covid in the UK are driving a rise in older people returning to live with family

The Covid pandemic has led to growing numbers of baby boomers in Britain moving back in with their elderly parents, experts have said.

The reasons are varied, from the positive grown-up children ensuring their parents had care and company during lockdowns to the negative, including financial and relationship breakdowns.

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Government taskforce to tackle sharp rise in scams during pandemic

Ofcom research finds 45m people received at least one fraudulent message in last three months

A government taskforce is to meet on Thursday to discuss ways to tackle the sharp rise in scams that has hit the UK since the start of the pandemic.

Groups representing banks, telecoms companies and consumers will meet with the minister for security, Damien Hinds, to discuss measures to tackle online fraud, and increase public awareness.

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From Fortnite to Fifa, online video game players warned of rise in fraud

After games boom in pandemic, gangs are using phishing and malware to cheat fans out of money and reveal their personal data

Players of online video games such as Roblox, Fortnite and Fifa are being warned to watch out for scammers, amid concerns that gangs are targeting the platforms.

Multiplayer games boomed during the pandemic lockdowns as people turned to socialising in virtual spaces.

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Out of style: Will Gen Z ever give up its dangerous love of fast fashion?

As a generation, they care deeply about the environment and sustainability - but are also under pressure to change their wardrobe constantly. Which impulse will win?

Alessia Teresko, a 21-year-old student from Nottingham, seldom wears the same outfit online twice. Which is why, last month, for a friend’s birthday, she bought a minidress: a 70s-style Zara dress in a swirling print, for which she paid £27.99. On Instagram, she posted a photograph of herself in her new dress, with a caption that read “Besties wknd”. The post racked up 296 likes and with it, Teresko’s Zara purchase was sent to the giant wardrobe in the sky. (Namely, the Depop account, where she resells the clothes she no longer wears.) “I can’t take another picture in it because I already posted it,” says Teresko. “I know that sounds very superficial.”

In Edinburgh, 23-year-old Mikaela Loach, a student and climate justice activist, understands the pressure that Teresko is under. “Honestly,” she says, “as someone with a platform, even I feel pressure to be wearing different clothes online.” She buys her clothes secondhand. “Only if I can’t find it secondhand,” Loach says, “will I buy something new and then make sure I’ve done rigorous research on the company.”

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Business minister bids to calm crisis fears as UK gas prices soar

No cause for alarm now, says Kwasi Kwarteng as energy discussions are likened to early Covid crisis talks

The government was scrambling on Saturday night to reassure Britons that rising gas prices would not plunge the country into an energy crisis, as ministers held a series of emergency meetings with energy companies and regulators to establish whether the nation could keep the lights and central heating on this winter.

A senior industry insider likened the meetings held between the business secretary, Kwasi Kwarteng, and energy industry leaders to the early crisis talks held following the outbreak of Covid-19.

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Fire shuts one of UK’s most important power cables in midst of supply crunch

Coal plants being warmed up as market prices surge to £2,500 per MWh from a norm of £40

A major fire has forced the shutdown of one of Britain’s most important power cables importing electricity from France as the UK faces a supply crunch and record high market prices.

National Grid was forced to evacuate staff from the site of the IFA high-voltage power cable, which brings electricity from France to a converter station in Kent, where 12 fire engines attended the blaze in the early hours of Wednesday morning.

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‘I opened it and I just started laughing’: the pitfalls of pandemic shopping

From accidentally over ordering, to products that bear no resemblance to their description or photographs, buying everything online has its downsides

When Sam Bowker and his partner moved into their new rental, they planned to buy a couch the same way they usually did – with a trip down to the local op-shop.

But Covid-19 scuppered this. The Salvation Army was no longer offering delivery services, so after a couple of drinks one evening, Bowker turned to eBay. There he found a “sleek looking black three seater lounge – it was a flatpack you build yourself, with free shipping”.

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From solar power in Africa to UK tomatoes – the eco-schemes to turn your cash green

Savings rates are low but some green investments can pay up to 8% interest a year

Environmentally conscious consumers fed up with low savings rates are being targeted by a variety of green investments paying up to 8% interest a year.

However, those thinking about signing up need to be prepared to accept some risk to their cash. This is a lot riskier than a bank or building society savings account.

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Josh Frydenberg’s office intervened in superannuation consultation paper, FOI documents reveal

Treasury department emails show discussion was had about linking proxy advisers with compulsory super

Josh Frydenberg’s office intervened in the drafting of a consultation paper to make sure it linked proxy advisers to the issue of compulsory superannuation, a key battleground in the political war over retirement savings, internal Treasury documents show.

The documents, released to Guardian Australia under freedom of information laws, also reveal the paper was developed in just one week.

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Vodafone to reintroduce roaming fees for UK customers in Europe

Provider joins EE in bringing back charges for people to use their phone in mainland Europe from next year

Vodafone is to reintroduce charges for UK customers who use their phones in Europe, despite Britain’s biggest mobile companies previously saying that they would not bring back roaming costs after Brexit.

Vodafone said new customers and those upgrading will have to pay up to £2 a day to use their monthly allowance of data, calls and text messages in mainland Europe.

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