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☆ Britain faces warnings of a tech exodus over tax plans ahead of high-stakes budget
▼ + stars: | 2024-10-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Last week, U.K. Prime Minister Keir Starmer told Bloomberg that such speculation was "wide of the mark." Several entrepreneurs and investors have warned that the U.K. could face an exodus of technology entrepreneurs as a result of the reported tax changes. Calling the government's plan on capital gains tax the "biggest" issue for entrepreneurs, Stebbings said: "I know fewer entrepreneurs will be here. Not everyone agrees that capital gains tax shouldn't be increased to raise public finances. The analysis found that capital gains tax was not a primary driver of investment decisions, with entrepreneurs more focused on issues like access to financing, market opportunities and broader economic conditions.

Persons: Rachel Reeves, Keir Starmer, Reeves, Giles Andrews, Rishi Khosla, Victor Riparbelli, I've, Adam French, Harry Stebbings, Stebbings Organizations: Britain's, Getty, LONDON, Guardian, Bloomberg, Times, CNBC, Treasury, The Entrepreneurs Network, for Public, Research Locations: British, BADR, Europe, Paris, Berlin, U.S

☆ Who Is Rachel Reeves, the Woman Taking the Helm of Britain’s Economy?
▼ + stars: | 2024-07-05 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +1 min

Rachel Reeves became Britain’s first female chancellor of the Exchequer on Friday, taking on one of the country’s four great offices of state, with responsibility for managing Britain’s budget. After a decade and a half of economic stagnation, Ms. Reeves, a Labour lawmaker with a reputation as a serious and steady manager, faces the tough jobs of boosting Britain’s productivity growth, a key measure of prosperity, and of reviving struggling public services. “I know the scale of the challenge that I’m likely to inherit,” Ms. Reeves told the BBC early Friday. “There’s not a huge amount of money there,” she said, adding that the party needed to unlock private investment. Ms. Reeves is expected to approach her new role with deliberation.

Persons: Rachel Reeves, Britain’s, Reeves, ” Ms, “ There’s, ”, ” Carys Roberts Organizations: Labour, BBC, Institute for Public Policy Research

☆ How Britain Changed Over 14 Years of Conservative Rule
▼ + stars: | 2024-07-03 | by ( Josh Holder | Ademola Bello | ) www.nytimes.com time to read: +14 min

How Britain Changed Over 14 Years of Conservative RuleSince Britain’s Conservative Party took power 14 years ago, most things have not gone the way it planned. The Economy Has StagnatedAverage productivity growth has declined since 2010…0.0% 0.5% 1.0% 2.0% 2010 2015 2017 2019 2024 Source: Office for National Statistics. 2010 2015 2017 2019 2024 Source: N.H.S. 50% 60% 70% 80% 2010 2015 2017 2019 2024 Source: N.H.S. 2010 2015 2017 2019 2024 Source: Trussell Trust … and thousands more people are sleeping on the streets than in 2010.

Persons: Conservatives ’, England …, Boris Johnson, —, Hong Kongers, Rishi Sunak Organizations: Conservative, Britain’s Conservative Party, Conservatives, Local, gov, Conservative Party, European Union, National Health Service, National Statistics, Institute for Public Policy Research, Public Services, Labour, Commons, Department, Loans Company, Higher Education Statistics, YouGov Locations: Britain, Thursday’s, Germany, United States, London, Ukraine, England, Rwanda, United Kingdom

☆ Mexico holds historic election in race largely overshadowed by violence
▼ + stars: | 2024-06-02 | by ( ) www.cnbc.com time to read: +4 min

Former Mexico City mayor Claudia Sheinbaum speaks after being named presidential candidate of the ruling Morena party for next year's presidential election in Mexico City on September 6, 2023. Voters in Mexico are participating in the country's largest election ever — casting votes Sunday to fill more than 20,000 local, state and federal positions and almost certainly elect their first female president. But rampant violence has marred the road toward one of the most consequential elections in Mexico's history. Violence against political figures has also persisted throughout this election cycle, resulting in a 150% increase in the number of victims of political violence since 2021, according to an analysis from Integralia, a public affairs consulting firm that researches political risk and other issues in Mexico. These have greatly dismayed Mexican voters, leading most of them to cite security as a top issue of concern.

Persons: Claudia Sheinbaum, Xóchitl, Jorge Álvarez Máynez, Andrés Manuel López Obrador, López Obrador, Tony Payan, Lopez Obrador, Mexico's Organizations: Mexico City, Voters, Mexico's National Institute of Statistics, Broad, Citizen, Center, U.S, Rice, Baker Institute for Public, National Action Party, PAN, Democratic Revolution Party, Institutional Revolutionary Party, — Locations: Mexico City, Mexico, U.S, Morena, Mexican, United States

☆ Saudi Arabia needs peace in the Middle East for its $500 billion Neom megaproject to succeed
▼ + stars: | 2024-05-07 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

In March 2023, Iran and Saudi Arabia brokered a deal to re-establish diplomatic relations. Related storiesThe US and Saudi Arabia are in the final steps of a new agreement on security guarantees and civilian nuclear assistance, Reuters reported last week. Many of Neom's projects aimed at capturing the luxury tourism market are located along the Red Sea coast. Set to open next year, Neom's luxury island resort of Sindalah is advertised as an "exclusive gateway to the stunning Red Sea." Saudi officials are already fighting to combat claims that Neom is facing delays and setbacks.

Persons: —, it's, Israel, Kristian Coates Ulrichsen, Ulrichsen, Robert Mogielnicki, Mogielnicki, Neom Organizations: Saudi, Service, Neom, New York Times, Reuters, Rice, Baker Institute for Public Policy, Gulf States Institute, Bloomberg, Business Locations: Saudi, Dubai, Israel, Gaza, Iran, Saudi Arabia, China, Palestinian, Israeli, Red, Jeddah

☆ Saudi Arabia wants big spenders for the first part of its Neom megaproject
▼ + stars: | 2024-04-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Saudi Arabia plans to open the first part of its Neom megaproject this year. Saudi Arabia is pushing to distinguish itself in the high-end luxury market to compete with Dubai. AdvertisementSaudi Arabia plans to open the first region of its Neom megacity by the end of the year. Neom recently ended investor roadshows in China by confirming the luxury island resort would open this year, Arab News reported. A rendering of The Line, part of the Neom project planned by Saudi Arabia.

Persons: —, Neom, roadshows, It's, Marriott Bonvoy, Chadi, MDLBEAST, Kristian Coates Ulrichsen, Saudi Arabia hasn't, Ulrichsen, Saudi Crown Prince Mohammed bin Salman's Organizations: Dubai, Service, Arab News, Marriott, United, Rice, Baker Institute for Public Policy, Emirates, Saudi, Bloomberg, Business Locations: Saudi Arabia, Sindalah, China, Saudi, Vives, Dubai, United Arab Emirates, Saudi Crown, Gulf Kingdom

☆ The Key to Winning the White House: Math
▼ + stars: | 2024-03-29 | by ( Susan Milligan | ) www.usnews.com time to read: +6 min

So the Biden campaign is casting its eyes farther afield: South, to be specific, with North Carolina as a primary target and Florida part of the mix as well. That makes North Carolina and its 16 Electoral College votes a tantalizing prospect for the Biden campaign. But if the Democrat also picked up North Carolina, he'd win, 276 electoral votes to 262 for Trump. Biden and Harris also made a rare joint appearance in North Carolina earlier this week. Former President Barack Obama did win North Carolina in 2008 – but that was a somewhat fluky situation, says North Carolina Republican operative Jonathan Felts, who worked in the George W. Bush White House, noting Obama's unusually aggressive push in the state.

Persons: Joe Biden's, Donald Trump's, Biden, Christopher Cooper, Biden –, Cooper, Trump, –, he'd, Mark Robinson –, Kamala Harris, Harris, Julie Chavez Rodriguez, Barack Obama, Jonathan Felts, George W, Bush, Felts, Carolina Forward Organizations: Electoral, Trump, Haire Institute for Public, Western Carolina University, Marist Institute, Public, Biden, Democrats, – Trump, Democrat, Sunshine, GOP, Democratic, North Carolina, North Carolina Republican, Carolina Locations: Arizona , Georgia, Michigan, Nevada , Pennsylvania, Wisconsin, North Carolina, Florida, Georgia, Michigan , Pennsylvania, Swing States, Arizona, Nevada, Wisconsin , Nevada , Georgia, Trump . Florida, Parkland , Florida, Trump's, . North Carolina, Southern, Raleigh, Durham, Greensboro, Winston, Salem, Asheville, Wake County

North Carolina voters Tuesday set up a historic – and likely combative and extremely expensive – race for governor, nominating Democrat Josh Stein and Republican Mark Robinson for what is shaping up as the most closely watched gubernatorial race of the year. With 8% of ballots counted, Stein had won 72% of the Democratic primary vote, while Robinson captured 63% of the Republican primary vote. North Carolina is a nominally red state that is nonetheless politically competitive. Robinson has called public school teachers "wicked people" and has referred to survivors of school shootings as "prosti-tots." Robinson, Cooper says, is very much like Trump, who recently called Robinson "Martin Luther King on steroids."

Persons: Josh Stein, Republican Mark Robinson, General Stein, Robinson, Stein, Joe Biden, Donald Trump, Trump, Biden, Ashley Judd, Judd, Oscar, It's, Christopher Cooper, Cooper, Martin Luther King Organizations: North, North Carolina voters, Republican, Associated Press, Democratic, GOP, Trump, CIA, Facebook, Haire Institute for Public, Institute, Western Carolina University Locations: North Carolina, Carolina, Georgia, China

London-based BP reported its underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, down from $3.3 billion in the previous quarter. It brought in $13.8 billion for all of last year, a huge drop from the $27.7 billion it earned in 2022, when Russia's war in Ukraine sent oil and natural gas prices surging. Energy prices have since fallen as a weak global economy holds back demand for fossil fuels to power cars, planes, factories and more. Despite the drop in annual earnings, BP kept its dividend steady and said it would buy back $1.75 billion in shares as well as commit to $3.5 billion in additional share buybacks for first half of this year. It's a pressure that the energy industry is facing, with companies like BP and Shell pledging to reach net zero emissions by 2050.

Persons: Murray Auchincloss, ”, Auchincloss, Bernard Looney, Looney, Joseph Evans, ” Richard Hunter Organizations: —, BP, Shell, Exxon Mobil, Institute for Public Policy Research, “ Locations: Ukraine, London, Spain, Portugal

The two organizations have worked together on other issues, including several conferences on U.S. elections, but the principles released Tuesday are their first to examine the nation’s election system and policies. Carroll said challenging election results and the integrity of the voting process is a relatively new development. ”Extreme polarization really has led, I think, to more questioning of election processes that, ironically, have only improved significantly over the last 25 years," he said. Amy Cohen, executive director of the National Association of State Election Directors, said she had not seen the recommendations but said election officials are constantly trying to improve. “We need to normalize the fact that it just takes longer to tabulate election results accurately,” she said.

Persons: gamesmanship, ”, Jimmy Carter, State James A, Baker III, David Carroll, Carter, Carroll, ” Mark Jones, Baker, Jones, Amy Cohen Organizations: WASHINGTON, The Carter Center, Baker Institute for Public Policy, Democrat, Republican, State, Reform, Democracy, U.S, Rice University, National Association of State Locations: U.S

☆ Dubai is the economic jewel of the Middle East — now its Gulf neighbors are coming for a piece of the pie
▼ + stars: | 2024-02-03 | by ( Pete Syme | Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

According to Forbes' 2023 Travel Guide, Dubai has nine 5-star hotels , compared to Abu Dhabi's three and two in Qatar and Saudi Arabia. Saudi Arabia has made it clear that it wants in on international travel, stating it aims to attract 100-150 million visitors by 2030. Saudi Arabia is catching up with a new airlineThe competition is perhaps the most heated in the aviation industry. On its double-decker Airbus A380, Dubai's airline, Emirates, has top amenities like a shower for business-class passengers, plus an on-board bar. AdvertisementAnd even if it succeeds in attracting tourists to Saudi Arabia, it is unlikely to knock Emirates off its perch.

Persons: —, Saudi Crown Prince Mohammed bin Salman Al Saud, Saudi Arabia hasn't, Abu, Abu Dhabi, Forbes, Abu Dhabi's, Faisal Alibrahim, Alibrahim, Mohammed Bin Salman, Kristian Coates Ulrichsen, Ulrichsen, Skytrax, Pete Syme, Tony Douglas, Douglas, That's, OAG Organizations: Service, United Arab Emirates, Business, Saudi Crown, Etihad, Bloomberg, CNN, Saudi, Economic, Rice, Baker Institute for Public Policy, Emirates, Qatar Airways, Qatari, Etihad Airways, Riyadh Air, Air, Riyadh Air's Boeing, Boeing, Dubai International Airport Locations: Dubai, Gulf, Saudi, Saudi Arabia, Riyadh, Abu, UAE, Qatar, Davos, Neom, Emirates, Still, Kingdom of Saudi Arabia, Europe, Americas, Africa, Asia

Now, frontier AI has become the latest buzzword as concerns grow that the emerging technology has capabilities that could endanger humanity. The debate comes to a head Wednesday, when British Prime Minister Rishi Sunak hosts a two-day summit focused on frontier AI. In a speech last week, Sunak said only governments — not AI companies — can keep people safe from the technology’s risks. Frontier AI is shorthand for the latest and most powerful systems that go right up to the edge of AI’s capabilities. That makes frontier AI systems “dangerous because they’re not perfectly knowledgeable,” Clune said.

Persons: —, Rishi Sunak, It’s, Kamala Harris, Ursula von der Leyen, Google’s, Alan Turing, Sunak, ”, Jeff Clune, Clune, Elon, Sam Altman, He’s, Joe Biden, Geoffrey Hinton, Yoshua, ” Clune, “, it's, Francine Bennett, Ada Lovelace, Deb Raji, ” Raji, it’s, shouldn’t, Raji, DeepMind, Anthropic, Dario Amodei, Jack Clark, ’, Carsten Jung, Jill Lawless Organizations: British, U.S, European, University of British, AI Safety, European Union, Clune, Ada, Ada Lovelace Institute, House, University of California, ” Tech, Microsoft, Institute for Public Policy Research, Regulators, Associated Press Locations: Bletchley, University of British Columbia, State, EU, Brussels, China, U.S, Beijing, London, Berkeley

Many of the GOP presidential candidates say they would carry out potential acts of war against Mexico in response to the trafficking of fentanyl and other synthetic opioids. Mexican President Andres Manuel López Obrador repeatedly denies his country is producing the synthetic opioid despite enormous evidence to the contrary. Border agents seized nearly 13 tons (12,000 kilograms) of fentanyl at the U.S.-Mexico border between September 2022 and August, according to U.S. Customs and Border Protection. "As commander in chief, I’m going to use the U.S. military to go after the Mexican drug cartels,” said DeSantis, the Florida governor. Lopez Obrador took office in December 2018 campaigning with a motto of “hugs, not bullets,” and for four years has shredded his predecessors’ prosecution of the drug war.

Persons: Ron DeSantis, Nikki Haley, Vivek Ramaswamy, ” Donald Trump, You’ve, you’ve, ”, Arturo Sarukhan, “, Andrea Thomas ’, Thomas, Joe Biden's, Andres Manuel López Obrador, I’m, DeSantis, James Mandryck, Lopez Obrador, Xóchitl Gálvez, James K, Polk, Woodrow Wilson, Pancho Villa, Trump, Tony Payan, Elliot Spagat, Mark Stevenson Organizations: MIAMI, Republican, GOP, U.S . Customs, U.S . Commission, Univision, Drug Enforcement Administration, Trump, Biden, U.S ., Center, Rice, Baker Institute for Public, Associated Press Locations: U.S, Mexico, United States, Washington, Junction , Colorado, Mexican, Florida, China, Sinaloa, Latin America, Texas, California , Nevada , Utah, New Mexico, Arizona, Colorado, Oklahoma , Kansas, Wyoming, Veracruz, Columbus , New Mexico, San Diego, Mexico City

“For years, forces behind the scenes have repeatedly attempted to silence my voice and dig my political grave,” Menendez said in a statement. It's a sign, those who know Menendez said, that he won't be going anywhere without a fight, for now. His own biography touts the fact that he wanted to fight corruption early in his political career, testifying against Union City officials and building a reputation as tough. Menendez was appointed to be a U.S. senator in 2006 when the seat opened up after incumbent Jon Corzine became governor. The couple began dating in 2018 and got engaged in 2019 after meeting at an IHOP in Union City, a frequent haunt of Menendez’s.

Persons: — Sen, Bob Menendez's, Menendez, “, ” Menendez, “ Sen, what’s, I’ve, Steve Sweeney, ’ It’s, —, Jon Corzine, hasn't, Bob Menendez, ”, Benjamin Dworkin, Nadine, Alicia Menendez, Rob Menendez, Biden, Loretta Weinberg, he's, Dr, Salomon Melgen, wasn't, He's, Philip R, Sellinger Organizations: Democratic, Union City, U.S . House, Foreign Relations, Republican Party, “, Rowan Institute for Public Policy, Citizenship, Republicans, New Locations: TRENTON, N.J, Union City , New Jersey, U.S, Union City, New Jersey, Florida, Dominican Republic, Egypt

“This proposal is a landmark moment for maintaining ongoing U.K. steel production, supporting sustainable economic growth, cutting emissions and creating green jobs,” said Treasury chief Jeremy Hunt. “With the support of the U.K. government and dedicated efforts of the employees of Tata Steel U.K. along with all stakeholders, we will work to transform Tata Steel UK into a green, modern, future-ready business," said Tata Steel’s chief executive and managing director, TV Narendran. Unions were furious about the potential job losses at Port Talbot, which at its height in the 1960s employed around 20,000 people, before cheaper offerings from around the world hit production. "The cost to local people and the wider Port Talbot community will be immense," said Gary Smith, general secretary of the GMB trade union. He noted that Germany has invested over $53 billion in decarbonising heavy industry and has committed to work with unions and protect jobs.

Persons: ”, Jeremy Hunt, Tata, Gary Smith, “, Luke Murphy Organizations: Tata, Britain’s Department for Business, Trade, “, Tata Steel, Tata Steel UK, Unions, Port Talbot, Institute for Public Policy Research Locations: Port Talbot, Wales, steelmaking, Britain, Germany

☆ CNBC Daily Open: Rethinking the rally
▼ + stars: | 2023-06-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rally haltedU.S. markets closed in the red Tuesday, halting a rally that drove stocks to their highest levels in more than a year. The UK 'doom loop'The U.K. economy is trapped in a growth "doom loop," according to the country's Institute for Public Policy Research. The International Monetary Fund expects the U.K. economy to grow 0.4% this year.

Persons: Germany's DAX, Eli Lilly, Thali, Narendra Modi, Joe Biden, Biden, Tim Cook, Alphabet's Sundar Pichai, Satya Nadella, Raj Subramaniam, Goldman Sachs, Goldman Organizations: New York Stock Exchange, CNBC, Dice Therapeutics, country's Institute for Public Policy Research, Monetary Fund, U.S, House Locations: New York City, San Francisco, India, China

☆ UK economy in growth 'doom loop' as business investment slumps versus G7 peers, think tank says
▼ + stars: | 2023-06-20 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Decades of underinvestment by government and business have left Britain's economy in a growth "doom loop," according to center-left think tank IPPR. Decades of underinvestment by the government and businesses have left Britain's economy in a growth "doom loop," according to the U.K.'s Institute for Public Policy Research. New research from center-left think tank estimates that the U.K. has contributed $500 billion ($638 billion) less to business investments than did other comparable wealthy countries. The IPPR said that U.K. underinvestment in infrastructure, research and development, skills and training had spanned several decades and successive governments, dating back to 2005. "The U.K. is in an investment and growth doom loop.

Persons: Luke Murphy, —, IPPR, George Dibb, pare Organizations: for Public Policy Research, OECD, IMD, CNBC, Conservative Party, International Monetary, Biden, Labour Party —, Tories Locations: Poland, Luxembourg, Greece, IPPR

CNN —Former Vice President Mike Pence on Monday filed the paperwork for his bid for the 2024 Republican presidential nomination, setting up a clash with his running mate of elections past, former President Donald Trump. Trump, in contrast, has already unleashed personal barbs at other 2024 Republican rivals, including Florida Gov. Trump publicly and privately sought to pressure Pence to reject key swing state results in the vice president’s ceremonial role leading Congress in counting electoral votes. “President Trump was wrong,” Pence said then. At a National Rifle Association convention in April in his home state of Indiana, Pence was greeted with some boos, with one participant telling CNN that the disapproval was due to January 6.

Persons: Mike Pence, Donald Trump, Pence, Trump, Ron DeSantis, Christian, “, ” Pence, he’s, ” Trump, ”, DeSantis Organizations: CNN, Trump, Florida Gov, Republican, Capitol, “, Ukraine, Russia, National Rifle Association, Herbert Institute for Public Policy Locations: Indiana, Trump, Utah

"I'd love to work more hours," Sharples told Reuters at the home in northern England she shares with her children and web-developer husband. The Centre for Progressive Policy (CPP) think tank has estimated that around 1.5 million British mums would work more hours if childcare permitted. Business groups and researchers argue that acting on childcare in his March 15 budget would do more to unlock greater economic growth. The government says it has spent more than 20 billion pounds in the last five years helping with the cost of childcare. "Childcare unlocks not just the potential of children, but also the potential of parents," Labour leader Keir Starmer said last month.

☆ Exclusive: Mexico's Pemex increased gas flaring at top field, despite pledge to stop
▼ + stars: | 2023-02-28 | by ( Stefanie Eschenbacher | ) www.reuters.com time to read: +7 min

[1/3] Gas flare is seen at the state energy company Petroleos Mexicanos (Pemex) Papan plant, in Tierra Blanca, Veracruz state, Mexico February 18, 2023. The pledge to stop burning gas at the Ixachi field came after months of pressure over flaring from the hydrocarbon regulator, environmentalists and Mexico’s most important trade partner, the United States. But Pemex has repeatedly missed gas production targets, blaming it on missing infrastructure. Two senior company sources told Reuters last November Pemex would rather pay fines than deal with gas flaring problems. Pemex's updated business plan for 2023 to 2027, released in December, reiterated promises to reduce emissions but focused more on oil and gas production as well as refining.

☆ Chris Christie says it was a 'big mistake' for the GOP to 'rise to the bait' and heckle Biden during the State of the Union address
▼ + stars: | 2023-02-13 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Christie called it a "big mistake" for the GOP to heckle Biden at the State of the Union. Christie said that by booing Biden, Republicans were falling for the president's "bait." A better response from the GOP, Christie said, would have been to laugh and move on. Chris Christie said it was a mistake for Republicans to heckle President Joe Biden during his State of the Union address. And they did, a number of them did, and it was a big mistake," Christie told ABC's George Stephanopoulos on Sunday.

☆ Biden billionaire tax policy is not desirable for U.S. economy, says Alex Brill
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden billionaire tax policy is not desirable for U.S. economy, says Alex BrillStephanie Kelton, Stony Brook University professor of economics & policy, and Alex Brill, a senior fellow at the American Enterprise Institute for Public Policy Research, join 'Squawk Box' to discuss how it's possible to create a wealth tax, how to avoid double taxation and more.

☆ U.S. is 'absolutely' behind on supply chain independence from China, Biden advisor says
▼ + stars: | 2023-02-07 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

watch nowThe U.S. has some rapid catching up to do if it is to secure the reliability of its supply chain and its independence from competitors like China, a top White House advisor admitted this week. "We can't have a supply chain that is concentrated in any country, doesn't matter which country that is," he said. Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. The Covid-19 pandemic and the Russia-Ukraine war have also highlighted the fragility of the global supply chain. Globally, China controls most of the market for processing and refining for cobalt, lithium, rare earths and other critical minerals."

☆ Britain’s NHS was once idolized. Now its worst-ever crisis is fueling a boom in private health care
▼ + stars: | 2023-02-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

Private hospital groups flourishTo keep up with growing demand for their services, private health care providers are expanding at a rapid clip. CEO Justin Ash estimates that the market for private health care in the United Kingdom has doubled since before the pandemic to 15 million people. Ash said that appetite for private health care spans a much broader set of ages and incomes than in the past. “We’ve clearly moved into a world in which we’re all NHS patients but have episodes of private care,” he said. There is no universal health care in America and most people have private health insurance because health care is very expensive.

☆ Trinidad offers to pay for Venezuelan gas with humanitarian supplies
▼ + stars: | 2023-01-25 | by ( Curtis Williams | ) www.reuters.com time to read: +2 min

The U.S. Treasury Department on Tuesday issued a license allowing Trinidad to co-develop the Dragon gas field, which holds 4.2 trillion cubic feet of reserves on the Venezuelan side of the maritime border with Trinidad. The project would have Trinidad import the gas and turn it into exportable liquefied natural gas (LNG). So we buy the gas and we pay for it in a variety of ways," Rowley told journalists late on Tuesday. Venezuela has resorted to swaps to make its economy work amid stiff U.S. sanctions prohibiting financial transactions or the use of dollars to pay Venezuela or the country's state companies. Shell (SHEL.L), which operates the neighboring Hibiscus field in Trinidad, ideally could become the operator, said Trinidad's Rowley.

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