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Gas prices – one of the elements of the UK’s cost of living issues – are the focus of the Financial Times’ main story, which says they swung sharply after Vladimir Putin said Russia was prepared to stabilise soaring global energy costs. It says UK and European gas prices increased ten-fold before suddenly reversing course an hour later as Putin hinted Russia may increase supplies.

Financial Times Front Page 16th of January 2025

The recent announcement of a truce between Israel and Hamas, brokered by the US and Qatar, pauses the ongoing conflict to allow negotiations, though Israeli Prime Minister Netanyahu cautions that the agreement is not yet finalized, urging continued vigilance in the diplomatic efforts.

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