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☆ Bank of England downgrades UK economic forecasts, holds interest rates
▼ + stars: | 2023-11-02 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —The Bank of England downgraded its forecasts for UK economic growth Thursday and kept interest rates unchanged, even as it warned that the Israel-Hamas war could push up energy prices and inflation won’t return to target for another two years. “There are increasing signs that higher interest rates are weighing on economic activity and we see that in weaker activity data and in a range of business surveys,” Governor Andrew Bailey told reporters. Inflation is still too high,” Bailey said, also pointing to the risk that the Israel-Hamas war could lift energy prices. “We will keep interest rates high enough for long enough to make sure we get inflation all the way back to the 2% target,” he added. Inflation still a concernThe Bank of England expects inflation to continue easing, but warned of risks to that outlook.

Persons: Andrew Bailey, ” Bailey, “, Rishi Sunak, Bailey, ”, Martin Beck Organizations: London CNN —, Bank of England, The, Federal Reserve, European Central Bank, of England, Office, National Statistics, The Bank of England, UK Locations: Israel, United Kingdom

☆ Elon Musk is coming to the UK's big AI safety party. Some people actually building AI say they got frozen out.
▼ + stars: | 2023-11-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The UK's AI summit is underway. Some AI experts and startups say they've been frozen out in favor of bigger tech companies. They warn that the "closed door" event risks ensuring that AI is dominated by select companies. The UK's AI summit aims to bring together AI experts, tech bosses, and world leaders to discuss the risks of AI and find ways to regulate the new technology. "It is far from certain whether the AI summit will have any lasting impact," Ekaterina Almasque, a general partner at European venture capital firm OpenOcean, which invests in AI, told Insider.

Persons: Elon Musk, Sam Altman, —, OpenAI's Sam Altman, Brad Smith, Kamala Harris, Iris Ai, Victor Botev, Yann LeCun, Rishi Sunak, Ekaterina Almasque, Almasque, Goldman Sachs Organizations: Service, OpenAI's, Microsoft, Twitter, UK, Big Tech, UK government's Department for Science, Innovation, Technology, UK's Trades Union Congress, American Federation of Labor, Industrial Organizations, Summit Locations: OpenOcean

☆ Everything you're hearing right now about AI wiping out humans is a big con
▼ + stars: | 2023-11-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Many are shrugging off the supposed existential risks of AI, labeling them a distraction. They argue big tech companies are using the fears to protect their own interests. The timing of the pushback, ahead of the UK's AI safety summit and following Biden's recent executive order on AI, is also significant. More experts are warning that governments' preoccupation with the existential risks of AI is taking priority over the more immediate threats. Merve Hickok, the president of the Center for AI and Digital Policy, raised similar concerns about the UK AI safety summit's emphasis on existential risk.

Persons: —, You've, there's, Yann LeCun, Altman, Hassabis, LeCun, LeCun's, OpenAI's Sam Altman, Anthropic's Dario Amodei, Andrew Ng, hasn't, Anthropic, Aidan Gomez, Merve Hickok, Hickok, Rishi Sunak, Michelle Donelan Organizations: Service, Google, CNBC, Stanford University, Australian Financial, Guardian, Center, AI

☆ ‘AI’ is Collins Dictionary’s word of the year
▼ + stars: | 2023-11-01 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

London CNN —Collins Dictionary has named “AI” as its word of the year, defining it as an “abbreviation for artificial intelligence: the modelling of human mental functions by computer programs.”“Considered to be the next great technological revolution, AI has seen rapid development and has been much talked about in 2023,” the UK-based dictionary publisher said in a statement announcing its decision. While AI’s capabilities in mimicking human speech fascinated people at first, they were also the source of some anxiety, according to Collins. “If computers were suddenly experts in that most human of domains, language, what next? Cue an explosion of debate, scrutiny, and prediction, and more than enough justification for Collins’ 2023 Word of the Year: AI,” the statement continues. The inaugural Global AI Summit on AI Safety got underway in the United Kingdom Wednesday.

Persons: London CNN —, ” “, Collins, Rishi Sunak, Kamala Harris, “, ”, “ semaglutide Organizations: London CNN, London CNN — Collins, Global, Safety, UK, Allied Forces codebreaking, US Locations: United, Bletchley, “

☆ Sam Bankman-Fried’s fourth day on the stand is not going well
▼ + stars: | 2023-10-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —Sam Bankman-Fried is back in court Tuesday for a fourth day of testimony as his federal fraud trial continues. Bankman-Fried testified that he attended a dinner with the island nation’s prime minister, alongside former US president Bill Clinton and former UK Prime Minister Tony Blair. In November last year, after FTX had frozen customer withdrawals amid a liquidity crunch, Bankman-Fried offered to open up withdrawals for all Bahamian customers. Bankman-Fried testified he did open those withdrawals “for a short period.”Bankman-Fried also testified that he doesn’t recall ever directing Alameda employees not to spend the FTX customer deposits. ‘Uninvolved’ in AlamedaMark Cohen, Bankman-Fried’s lead attorney, gave him a chance Tuesday morning to clarify some of his testimony regarding the relationship between FTX and Alameda.

Persons: Sam Bankman, Bankman, Fried, Danielle Sassoon, Bill Clinton, Tony Blair, FTX, ”, Alameda Mark Cohen, SBF, “ Organizations: New, New York CNN, Prosecutors, Alameda Research, Bankman, Bahamian, Alameda Locations: New York, Bahamas, Alameda, FTX

☆ Fact Check: Independent front page with ceasefire infographic is from 2006, not related to 2023 Israel-Hamas War
▼ + stars: | 2023-10-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An infographic published on the front page of The Independent in 2006 on countries supporting or opposing an immediate ceasefire in the Middle East is being shared out of context amid Israel’s war with Hamas in October 2023. Reuters found that the front page was published by The Independent on July 21, 2006, when Israel was at war with Lebanon’s Hezbollah. The New York Times reported on July 31, 2006, that then U.S. President George W. Bush had also rejected calls for an immediate ceasefire. Reuters’ reporting on the July-August 2006 Israel-Hezbollah war can be found online. The front-page ceasefire infographic dates from 2006, not from October 2023.

Persons: Israel, Israel ”, ”, Tony Blair, Archbishop, Canterbury, George W, Bush, Rishi Sunak, Read Organizations: Hamas, Twitter, Facebook, Reuters, The Independent, Hezbollah, Labour, United Nations, Guardian, The New York Times, Thomson Locations: Israel, Gaza, U.S

☆ The escalating Israel-Hamas conflict raises risks of global market contagion, economist says
▼ + stars: | 2023-10-30 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Mohamed Aly El-Erian, chief economic advisor for Allianz SE, during a Bloomberg Television interview in London, UK, on Monday, Sept. 25, 2023. El-Erian spoke alongside former UK Prime Minister Gordon Brown and economist Michael Spence, his co-authors for their book Permacrisis: A Plan to Fix a Fractured World. Photographer: Chris Ratcliffe/Bloomberg via Getty ImagesAs the Israel-Hamas war draws into into its fourth week, the risks to the global economy are rising, economist Mohamed el-Erian said Monday. The impact on global markets in response to the onset of the war was initially limited, as investors first assessed that the conflict was contained. "It is terrible in terms of economic prospects for the epicenter for the war," she said.

Persons: Mohamed Aly El, Erian, Gordon Brown, Michael Spence, Chris Ratcliffe, Mohamed el, CNBC's Dan Murphy, Israel, Kristalina Georgieva Organizations: Allianz, Bloomberg Television, Bloomberg, Getty, AIM, Federal, International Monetary Fund Locations: London, Israel, Gaza, Dubai, Iran, Lebanon

☆ Pro-Palestinian protestors calling for ceasefire gather across the globe as bombardment of Gaza intensifies
▼ + stars: | 2023-10-29 | by ( Amarachi Orie | ) edition.cnn.com time to read: +5 min

CNN —Pro-Palestinian demonstrators across the globe took to the streets on Saturday to call for a ceasefire after Israel expanded its ground operation in Gaza. Major world cities, including London, Istanbul, New York, Baghdad and Rome, saw their centers filled with protestors, as Gaza experienced an intense bombardment and an electrical and communications blackout. People take part in a demonstration in solidarity with Palestine in Rome, Italy, on Saturday, as Israel continues its heavy bombing of the Gaza Strip. Stefano Montesi/Corbis/Getty ImagesIn videos online, marchers who had taken over central London were heard chanting: “What do we want? People take part in a protest in support of the Palestinian people in New York on Saturday.

Persons: Stefano Montesi, I’ve, ”, Adam Gray, Rishi Sunak, Joe Biden, Biden, Yasin Akgul, Recep Tayyip Erdogan, ” Erdogan, Andrea Ronchini Organizations: CNN — Pro, Hamas, Reuters, ” Police, Getty, “, Brooklyn Museum, Barclays Center, UK, Union, West Bank, Palestinian Ministry of Health Locations: Israel, Gaza, London, Istanbul, New York, Baghdad, Rome, Palestine, Italy, Manhattan, AFP, Brooklyn, Palestinian, East, Asia, Egypt, Jordan, Lebanon, Iraq, Yemen, Hebron, Ramallah

☆ The case for a career in bond investing
▼ + stars: | 2023-10-27 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

I sensed familiarity with the recent fate of fixed income benchmarks such as Austria’s hundred-year government bond. For this reason, when bond yields are low, the sensitivity of capital prices to inflation and interest rate shocks is high, and vice versa. The appreciating greenback has been a drag on much of the global fixed income universe for the past decade. The real reason to go into fixed income investing, I explained, is that you get to tell governments what to do. Now that the end of monetary anaesthesia has awoken fixed income from its 15-year coma, I told the MBA students, you’ve got your chance.

Persons: Bonds, That’s, Torsten Slok, GMO’s, Liz Truss, ”, Bill Clinton’s, James Carville, you’ve, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, Treasury, Reuters Graphics Reuters, Apollo Global Management, U.S ., JPMorgan, Economist, UK, Thomson Locations: U.S, Venezuela

Not every AI company is hot right now. While European and US tech investors are throwing funding at startups that look like the next Nvidia or ChatGPT, they're less optimistic about one big player: British AI chip company Graphcore. The UK tech industry is small, and Insider granted anonymity to these people to avoid jeopardizing their professional relationships. One founder operating in the same space as the AI chip firm speculated that Arm could be a leading contender to acquire Graphcore. In September, Toon pitched Graphcore in an interview with Insider as a viable rival to Nvidia, which holds around 70% of the AI chip market, per Omdia analysis.

Persons: Graphcore, Baillie Gifford, it's, Nigel Toon's, Toon, we'll, Rishi Sunak Organizations: Nvidia, Graphcore, Insider, Sequoia Capital, Bloomberg, UK, China Locations: British, Europe

☆ American mother and daughter taken hostage by Hamas have been released, sources say
▼ + stars: | 2023-10-20 | by ( Alex Marquardt Kaitlan Collins Oren Liebermann Michael Conte Sana Noor Haq | Alex Marquardt | Kaitlan Collins | ) edition.cnn.com time to read: +5 min

CNN —Hamas released two American hostages, Judith Tai Raanan and her 17-year-old daughter, Natali Raanan, on Friday after they abducted around 200 people from Israel in a deadly attack on October 7. They are being released on “humanitarian grounds” because the mother is in poor health, the same source said. US officials have not said whether they believe any of the American hostages are dead and have previously noted that all hostages are assumed alive. Amnesty International has said Israel’s “collective punishment” of Palestinian civilians for Hamas’ attack amounts to a war crime. “The families’ headquarters welcomes the release of hostages from Hamas captivity,” the Hostages and Missing Families Forum said in a statement to CNN.

Persons: Judith Tai Raanan, Natali, Daniel Hagari, Abu Obaida, Biden, ”, Qatar’s Ministry of Foreign Affairs Majid Al, Ansari, Joe Biden, “, “ Jill, Israel, Antony Blinken, Rishi Sunak Organizations: CNN, Israel Defense Forces, Brigades, Qatar’s Ministry of Foreign Affairs, United Nations, Amnesty Locations: Israel, Gaza, Chicago, Nahal Oz, Qatar, ” Qatar, Israel’s, Mexico, Brazil, Thailand

Among the evidence that’s been gathered is a blast analysis that suggests it was a ground explosion rather than an airstrike that hit the hospital, one of the sources said. That analysis is one datapoint that’s led intelligence officials to lean toward assessing that the attack on the hospital was a rocket launch gone wrong. Still, the blast analysis is just one of the things being examined by the intelligence community, which has surged intelligence collection assets to the region. US intelligence officials have not made a final assessment and are still gathering evidence, the officials said. Not long after landing in Israel on Wednesday, Biden weighed in on who was behind the strike on the hospital.

Persons: Israel “, Joe Biden’s, Adrienne Watson, ” Watson, that’s, Biden, ” Biden, Benjamin Netanyahu, ”, Israel, Daniel Hagari, “ I’m, Jim Himes, Mick Mulroy, Mulroy, Mark Hertling, ” Hertling, it’s “, ” “, “, We’re, ’, Rishi Sunak, ” Sunak, It’s Organizations: CNN, National Security Council, Palestinian, NSC, Islamic, Wednesday, Israeli, Defense Department, ”, Israel Defense Forces, House Intelligence, Capitol, Defense, CIA, intel, Hamas Locations: Gaza, Israel, States, Jim Himes of Connecticut, Al, Ahli, Iran

☆ Israel's ambassador says there's no humanitarian crisis in Gaza as Israel bombs and lays siege to it, killing thousands of Palestinians
▼ + stars: | 2023-10-16 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Israel's ambassador to the UK told Sky News that there is no humanitarian crisis in Gaza. Israel has launched thousands of bombs on Gaza in retaliation for Hamas' attack on Israel. AdvertisementAdvertisementAn Israeli ambassador said she doesn't believe there's a humanitarian crisis in Gaza after Israel dropped thousands of bombs on the territory, killing thousands of Palestinians. Kay Burley told Hotovely that Sky News had been showing images that indicate there is a humanitarian crisis in Gaza. An acute humanitarian crisis is unfolding to which we must respond," Sunak told lawmakers.

Persons: —, Tzipi, Kay Burley, Hotovely, Benjamin Netanyahu, Rishi Sunak, Sunak Organizations: Sky News, Service, Israeli Defense Forces, Palestinian Ministry of Health, Reuters, BBC, Sky Locations: Gaza, Israel, morgues, Rafah, Egypt, Britain

☆ Britain rolled back an array of its net zero goals. It could spell pain for climate tech startups, experts say.
▼ + stars: | 2023-10-16 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Britain's dramatic rollback of its net zero ambitions will threaten climate tech startups' ability to raise fresh capital from investors, industry experts have warned. Sunak said the government remained committed to its obligation to reach net zero by 2050, despite the u-turns. He also unveiled a grant for boiler upgrades, reforms to energy infrastructure planning, and £150 million ($183 million) for the development of green tech. Climate tech is particularly exposed to this as it changes on a country-by-country basis, compared with health tech which has a "stable" and well-established regulatory process. "The bottom line for me is that it will happen independently of the politics now," said SE Ventures' Christiani.

Persons: Rishi Sunak, Sunak, Asif Ghafoor, Kiko Ventures, Arne Mortaeni, Michael Smith, Julien Christiani Organizations: EV, Kiko, Government, Ventures Locations: Europe, Germany, France

Keep tabs on your fantasy team by tuning in with these free Broncos vs. Chiefs live streams. You can also watch Broncos vs. Chiefs for free online via Twitch. How to watch Broncos vs. Chiefs live streams from anywhereIf you're in the US, you can watch the Broncos vs. Chiefs game exclusively on Amazon Prime Video. Watch Broncos vs. Chiefs on Thursday Night Football. Here's a list of all upcoming Thursday Night Football games for the 2023 NFL season.

Persons: Russell Wilson, Taylor, Travis Kelce, Charissa Thompson, Tony Gonzalez, Ryan Fitzpatrick, Richard Sherman, ExpressVPN Organizations: Broncos, Chiefs, Denver Broncos, Kansas City Chiefs, Vikings, Amazon, Fox, Amazon Prime, Insiders, Prime, Apple, Watch Broncos, Thursday, Jaguars, Saints, Buccaneers, Bills, Titans, Steelers, Panthers, Bears, Bengals, Ravens, Football, Dolphins, Jets, Seahawks, Cowboys, Patriots, Chargers, Raiders, Rams, Browns Locations: San Francisco Bay, Denver

☆ British warships, aircraft, and a force of Royal Marines are joining a US Navy carrier strike group in waters near Israel
▼ + stars: | 2023-10-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

There, they will join a US Navy carrier strike group that recently deployed to waters near Israel. "Meanwhile, a Royal Navy task group will be moved to the eastern Mediterranean next week as a contingency measure to support humanitarian efforts." The government said that the military package will be on standby to deliver support to Israel and its partners, and provide deterrence. It includes P-8 patrol and reconnaissance aircraft, surveillance assets, three helicopters, a company of Royal Marines, and two Royal Navy ships — the landing ship RFA Lyme Bay and the casualty receiving ship RFA Argus. The USS Gerald R. Ford Carrier Strike Group includes the advanced, first-in-class aircraft carrier USS Gerald R. Ford, the guided missile cruiser USS Normandy, and guided missile destroyers USS Thomas Hudner, USS Ramage, USS Carney, and USS Roosevelt.

Persons: Israel's, —, Rishi Sunak, MARCOS MORENO, Sunak, Gerald R, Ford, Thomas Hudner, Ramage, USS Carney, MCS2 Jackson Adkins, Mustafa Hassona, Grant Shapps Organizations: US Navy, Service, Royal Marines, NATO, Royal Navy, Getty, Pentagon, Ford Carrier Strike, US Central Command, Ford, Saturday, Gaza, Israel Defense Forces, IDF, Hezbollah, Anadolu Agency, Royal Navy Task Group, RAF Locations: Israel, Gibraltar, Normandy, Roosevelt, Gaza, Iran, Tehran, Lebanon

LONDON (AP) — U.K. Prime Minister Rishi Sunak on Wednesday proposed raising the legal age that people in England can buy cigarettes by one year, every year until it is illegal for the whole population and smoking hopefully will be gradually phased out among young people. Political Cartoons View All 1196 Images“People take up cigarettes when they’re young. Britain's government raised the legal age of sale for tobacco from 16 to 18 in 2007. Health experts welcomed the prime minister's plan to steadily increase the legal smoking age. Sunak also said his government would introduce measures to restrict the availability of vapes, or e-cigarettes, to children.

Persons: Rishi Sunak, Sunak, ”, England —, Shahab, vaping Organizations: Conservative Party, University College London Locations: England, Northern Ireland, Scotland, Wales, New Zealand

☆ HS2: UK PM Rishi Sunak slashes giant rail project as business warns of blow to credibility
▼ + stars: | 2023-10-04 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —UK Prime Minister Rishi Sunak has taken the axe to Britain’s biggest current infrastructure project, despite warnings from business leaders that the U-turn will damage investor confidence in the country. “This means £36 billion of investment in the projects that will make a real difference across our nation,” he added. “Any deviation could result in a loss of investor trust, and this would have a considerable negative impact on the UK. The ambitious HS2 project falls into this category.”The U-turn was also blasted by Richard Walker, the boss of supermarket chain Iceland, and until recently a long-time Conservative Party member. The government’s “evident inability” to deliver on major projects “is devastating to both its credibility and to business confidence,” Walker wrote in The Guardian newspaper Sunday.

Persons: Rishi Sunak, Sunak, ” Sunak, Andy Street, We’ve, Tom Wagner, Wagner, ”, Richard Walker, ” Walker Organizations: London CNN —, Manchester —, Conservative Party Conference, Conservative Party, Conservative, Investors, LBC, Knighthead Capital Management, Birmingham City football, The Guardian, “ Locations: London, Birmingham, Manchester, United Kingdom, England, Iceland

☆ Government bonds are in a rout worldwide. Here's why you should care
▼ + stars: | 2023-10-04 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

When official interest rates rise, so do investors’ expectations for returns on bonds, known as yields. In the United Kingdom, the yield on 30-year bonds also reached 5% this week, the highest level in more than two decades. Yields on Italy’s 10-year bonds hit 5% on Wednesday, the highest level since 2012, when that crisis was in full swing. Mortgage rates riseThe yields on local government bonds are usually used by banks to price mortgages. High official interest rates in America and Europe have also raised the cost of borrowing for businesses.

Persons: Saul Loeb, Liz Truss, —, Matt Cardy, Freddie Mac, Andrew Sheets, Morgan Stanley, Stocks, ” Russ Mould, AJ Bell, we’ve, ”, “, That’s, ” Susannah Streeter, Hargreaves Lansdown Organizations: London CNN, US Treasury Department, Getty, UK, CNN, Nasdaq, Federal Reserve, BlackRock, Hargreaves Locations: Washington ,, United Kingdom, Bath, England, United States, Europe, America

Keep tabs on your fantasy team by tuning in with these free Lions vs. Packers live streams. You can also watch Lions vs. Packers for free online via Twitch. How to watch Lions vs. Packers live streams from anywhereIf you're in the US, you can watch the Packers vs. Lions game exclusively on Amazon Prime Video. Watch Packers vs. Lions on Thursday Night Football. Here's a list of all upcoming Thursday Night Football games for the 2023 NFL season.

Persons: Aaron Rodgers, Jordan Love, Charissa Thompson, Tony Gonzalez, Ryan Fitzpatrick, Richard Sherman, ExpressVPN Organizations: Lions, Packers, Green Bay Packers, Chicago, NFC, Amazon, Fox, Amazon Prime, Insiders, Prime, Apple, Watch Packers, Broncos, Chiefs, Jaguars, Saints, Buccaneers, Bills, Titans, Steelers, Panthers, Bears, Bengals, Ravens, Football, Dolphins, Jets, Seahawks, Cowboys, Patriots, Chargers, Raiders, Rams, Browns Locations: Southeast Wisconsin, Detroit

☆ Trump is attacking electric vehicles. Automakers already bet their future on them
▼ + stars: | 2023-09-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Legacy automakers are pivoting to electric vehicles in response to expected strong consumer demand, tougher environmental regulations both from US states and foreign countries, and a push from Wall Street. Electric vehicles have outpaced growth of traditional internal combustion engine (ICE) cars in recent years. But automakers bucked Trump and agreed to meet tougher standards set by California rather than the Trump administration’s rules. At a Detroit battery plant Wednesday, Trump said America didn’t need what the factory produced“This plant, we just walked through this plant and the electric vehicles are gonna put [automakers] out of business,” Trump said. Trump’s proposals could undermine US companies’ EV investments and hand over control of an increasingly EV future to foreign manufacturers.

Persons: Donald Trump, Donald Trump’s, “ don’t, Trump, ’, ”, Barry Rabe, EVs, Brian Kemp, Ford, Rabe, Biden’s, Tesla, Jon McNeill, McNeill, ” McNeill, EVs Trump, bucked Trump, ” Trump, “, Biden, Rishi Sunak, Lisa Brankin Organizations: New, New York CNN, Detroit, Cox Automotive, Biden, Environmental Protection Agency, University of Michigan, Hyundai, Kia, EV upstarts, Republican Gov, Environmental Defense Fund, Nissan, Mercedes, Benz, Wall, Investors, ICE, General Motors, GM, Biden’s EV, Legacy, DVx Ventures, Tesla, Obama, Trump, America, ” Ford, Fiat, Peugeot Locations: New York, Georgia, South Carolina, Alabama, United States, California, Detroit, Michigan, China

☆ Rosebank: Britain approves huge, controversial oil and gas field in the North Sea
▼ + stars: | 2023-09-27 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —The British government approved the development of a huge oil and gas field in the North Sea Wednesday, sealing its commitment to keep producing fossil fuels for decades to come. “We have today approved the Rosebank Field Development Plan which allows the owners to proceed with their project,” said a spokesperson for oil and gas regulator the North Sea Transition Authority in a statement. The spokesperson added the decision had been made “taking net zero considerations into account throughout the project’s lifecycle.” Net zero is where the world removes at least as much planet-heating pollution as it emits. UK Prime Minister Rishi Sunak recently said he wanted to “max out” oil and gas developments in the North Sea and issue hundreds of new licenses. “Even when we’ve reached net zero in 2050, a quarter of our energy needs will come from oil and gas.

Persons: “, ”, Rishi Sunak, Sunak, we’ve, ” Sunak, Tessa Khan, Lyndsay Walsh, Rosebank, Claire Coutinho Organizations: CNN, Transition, International Energy Agency, Oxfam, Shell Locations: Shetland, Scotland, Norwegian, North, Rosebank

The UK goal was ahead of the 2035 ban in the European Union, where most British-made cars are sold. "The timing sends the message that things can change again, making it difficult for companies to manage their investment strategies." Under the new mandate that the government could make public as early as this week, the 80% 2030 electric target should remain - with the other 20% a mixture of fossil fuel models and hybrids until 2035. "In Britain, there's no industrial strategy, no intent for industrial strategy and no desire for an industrial strategy," Palmer said. "The UK (fossil fuel ban) delay is not a good sign in terms of stability, but they have realigned with EU regulation," said Denis Schemoul, director of European vehicle forecasting at S&P Global Mobility.

Persons: Rishi Sunak, Christopher Furlong, Boris Johnson, Sunak, it's, Philip Nothard, ZEV, Andy Leyland, Adrian Keen, Keen, Andy Palmer, Aston Martin, Palmer, Denis Schemoul, Nick Carey, Barbara Lewis Organizations: Britain's, Rover, Industry, Union, EV, European Union, Cox Automotive, Volvo, Ford, EU, P Global Mobility, Thomson Locations: Warwick , England, British, Britain, EVs, Europe, Spain

☆ The US is planning its first fusion plant, and it could generate pollution-free power by 2035
▼ + stars: | 2023-09-25 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Nuclear fusion is a breakthrough technology that could help the US achieve pollution-free power. Calling nuclear fusion a pioneering technology, Granholm said President Joe Biden wants to harness fusion as a carbon-free energy source that can power homes and businesses. A successful nuclear fusion was first achieved by researchers at the Lawrence Livermore National Laboratory in California last December in a major breakthrough after decades of work. Nuclear energy is an essential component of the Biden administration's goal of achieving a carbon pollution-free power sector by 2035 and net zero emissions economy by 2050. "We want to see everybody moving forward as quickly as possible (on the clean energy transition), including ourselves," she said.

Persons: it's, —, Biden, Jennifer Granholm, Granholm, Joe Biden, It's, Dennis Whyte, Rishi Sunak, Sunak Organizations: Service, US, Associated Press, Lawrence Livermore National Laboratory, Control, Plasma Science, Fusion Center, Massachusetts Institute of Technology, Energy, UK Locations: VIENNA, Vienna, California, France, Washington

Keep tabs on your fantasy team by tuning in with these free Giants vs. 49ers live streams. You can also watch 49ers vs. Giants for free online via Twitch. How to watch Giants vs. 49ers live streams from anywhereIf you're in the US, you can watch the Giants vs. 49ers game exclusively on Amazon Prime Video. Watch Giants vs. 49ers on Thursday Night Football. Here's a list of all upcoming Thursday Night Football games for the 2023 NFL season.

Persons: Daniel Jones, Jones, Brock Purdy's, hasn't, you'll, Charissa Thompson, Tony Gonzalez, Ryan Fitzpatrick, Richard Sherman, ExpressVPN Organizations: Giants, 49ers, New York Giants, Cowboys, San Francisco 49ers, Amazon, Fox, Amazon Prime, Insiders, Prime, Apple, Watch Giants, Lions, Packers, Broncos, Chiefs, Jaguars, Saints, Buccaneers, Bills, Titans, Steelers, Panthers, Bears, Bengals, Ravens, Football, Dolphins, Jets, Seahawks, Patriots, Chargers, Raiders, Rams, Browns Locations: New York, San Francisco Bay

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