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☆ Thanksgiving gas prices set to be the cheapest since 2020
▼ + stars: | 2023-11-17 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Just in time for the Thanksgiving holiday travel rush, gas prices are tumbling fast. This exceeds the typical seasonal drop in gas prices during the fall and leaves the national average at a 10-month low. If prices stay near current levels, this would be the cheapest gas price on Thanksgiving Day since 2020 when Covid-19 caused many Americans to stay off the roads altogether. GasBuddy projects the national average will slide to $3.25 a gallon or lower by Thanksgiving Day, marking the lowest priced Thanksgiving Day for fuel prices in three years. By comparison, gas prices stood at $3.57 a gallon on last year’s holiday following a year of notoriously high prices.

Persons: didn’t, GasBuddy, ”, Patrick De Haan, De Haan, ” De Haan Organizations: New, New York CNN, AAA, Labor, RBC Capital Markets, RBC, Federal Reserve, Drivers Locations: New York, Covid, China, Saudi Arabia, Israel

☆ Americans are getting ‘ripped off’ by big banks, Robinhood CEO says
▼ + stars: | 2023-11-15 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Robinhood is trying hard to lure customers fed up with traditional banks that pay little to no interest on savings. To attract deposits, the stock trading app made famous by the GameStop craze is offering fatter and fatter interest rates. That’s far higher than traditional banks and among the highest in the industry. We see an opportunity to correct that,”Tenev argued this has long been part of the “playbook” of traditional banks. The Robinhood rate of 5% applies to new and existing customers of Robinhood Gold, a subscription service that costs $5 a month.

Persons: New York CNN — Robinhood, ”, Vlad Tenev, ” Tenev, Robinhood, Roth, “, Tenev, We’re Organizations: New, New York CNN, GameStop, CNN, Federal Reserve, American Bankers Association, Bank, AMC, of America, ” Bank of America Locations: New York

☆ Exclusive: ValueAct takes stakes in Recruit and Expedia, says they are poised for strong growth
▼ + stars: | 2023-11-15 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

The Recruit logo is displayed at its headquarters in Tokyo, Japan May 10, 2022. REUTERS/Mayu Sakoda/ Acquire Licensing RightsNEW YORK, Nov 15 (Reuters) - ValueAct Capital Management has bought stakes in job search site Indeed's parent Recruit Holdings (6098.T) and in online travel services provider Expedia Group (EXPE.O) and believes both are poised for strong growth. Recruit is valued at roughly $49 billion while Expedia has a market value of about $17 billion. ValueAct CEO Mason Morfit was invited onto Salesforce's board this year and the stock price has surged 64% since January. There was no mention of Recruit or Expedia.

Persons: Mayu, Expedia, ValueAct, Mason Morfit, Svea Herbst, Bayliss, Edwina Gibbs Organizations: REUTERS, ValueAct Capital Management, Recruit Holdings, Expedia, Reuters, Recruit, Microsoft, Danaher Corp, Roblox, Alarm.com Holdings, Svea, Thomson Locations: Tokyo, Japan, Austin , Texas, Expedia, Illumina

☆ Nvidia stock is riding its longest winning streak in 7 years, adding $220 billion in market value just in November
▼ + stars: | 2023-11-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Nvidia has rocketed 22% since the start of November, adding $220 billion in value. Shares have advanced in 10 straight trading sessions, marking the longest win streak since 2016. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementNvidia stock has climbed for 10 consecutive trading days, adding $220 billion in market value in November alone. Shares are on their longest winning streak since December 2016, according to Bloomberg, and have surged nearly 22% since the start of the month.

Persons: — Organizations: Nvidia, Service, Bloomberg, Apple, Microsoft, Bank of America Locations: China

☆ To buy a house in today's market, more people turn to an alternative lender: their parents
▼ + stars: | 2023-11-13 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Andrew Caballero-Reynolds | AFP | Getty ImagesFewer people can afford to buy a house these days. On top of soaring home prices, 30-year fixed mortgage rates have been hovering near the highest level in more than two decades. "U.S. home prices are near record highs, and mortgage rates have rocketed to their loftiest levels since 2000," said Bankrate analyst Jeff Ostrowski. At its peak in 2006 before the crash, the payment-to-income ratio was 34%. In late 2023, the payment-to-income ratio is 40%.

Persons: Andrew Caballero, Reynolds, Jeff Ostrowski, Bankrate Organizations: AFP, Getty, ICE Mortgage Technology Locations: Arlington , Virginia

☆ Yelp Profit Soared With Help From IRS Guidance on R&D Tax Deductions
▼ + stars: | 2023-11-10 | by ( Jennifer Williams-Alvarez | Mark Maurer | ) www.wsj.com time to read: 1 min

Yelp’s office in San Francisco. The company’s third-quarter earnings included $15 million from a one-time tax adjustment after new IRS guidance. Photo: Jeff Chiu/Associated PressYelp ’s profit rocketed more than sixfold in its latest quarter, and it wasn’t entirely due to restaurant reviews. The surge in earnings was in part the effect of a one-time tax adjustment related to deductions for research and development, following recent guidance from the Internal Revenue Service.

Persons: Jeff Chiu, Yelp Organizations: Associated, Internal Revenue Service Locations: San Francisco

☆ A blistering bull run is underway in the market for uranium
▼ + stars: | 2023-11-09 | by ( Anil Varma | ) www.businessinsider.com time to read: +3 min

Uranium and shares in companies that mine it have enjoyed a scorching rally on soaring demand. Nuclear energy is back in fashion as more reactors are planned amid a shift away from fossil fuels. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A blistering bull run is underway in the market for uranium, the radioactive element used to produce nuclear energy. The widening demand-supply gap will continue to drive uranium prices higher, according to John Ciampaglia, CEO of Sprott Asset Management, which specializes in precious metals and real assets.

Persons: —, John Ciampaglia, Ciampaglia, Rohan Reddy Organizations: Service, Uranium Miners, Crux, Sprott Asset Management, CNBC, Global Locations: China, India, Russia, Japan

☆ Analysts say these growth stocks are set to jump even further — giving them over 30% upside
▼ + stars: | 2023-11-07 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Higher-for-longer interest rates are especially bad for growth stocks. For those keen on getting back into the growth corner of the market, CNBC Pro screened for stocks in the iShares Russell 1000 Growth ETF that have further upside. Despite its huge gains this year, it was given more upside by analysts — potentially 45.5% based on the average price target, according to FactSet. Other stocks that made the list include cloud companies Okta and Snowflake , with over 30% potential upside each. Fintech-related stocks such as PayPal and Block also showed up, as did many health-care and pharmaceutical stocks.

Persons: Stocks, Russell, It's, — CNBC's Michael Bloom Organizations: Nasdaq, U.S . Federal Reserve, Citi, CNBC Pro, Nvidia, PayPal Locations: Snowflake

The majority recognized a difference between firearms for personal use and those the state law reserves for “trained professionals,” semiautomatic weapons, including the popular AR-15. Sullivan said it's likely that plaintiffs in one or more of the multiple cases consolidated in Friday's opinion would seek a U.S. Supreme Court review, where he predicted victory. At least eight other states and the District of Columbia have some sort of prohibition on semiautomatic weapons. The Illinois Supreme Court upheld the law on a 4-3 decision in August. And such semiautomatic weapons are the choice of many gun owners for sport shooting and hunting, they say.

Persons: Diane Wood, ” Ed Sullivan, Sullivan, it's, “, J.B, Pritzker, ” Wood, Bob Morgan, ” Morgan, ” Organizations: Ill, —, Illinois, 7th District U.S, Illinois State Rifle Association, Democratic, Supreme, District of Columbia, Illinois State Police, U.S, “, Highland, Pritzker Locations: SPRINGFIELD, Chicago, Highland, U.S, Illinois, Deerfield

☆ Charlie Munger praises Warren Buffett’s big bets on Japan on Acquired podcast
▼ + stars: | 2023-11-01 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

“It was awfully easy money,” Charlie Munger, Buffett’s longtime lieutenant and vice chair of Berkshire Hathaway (BRKA), said in an interview with the Acquired podcast released this week. The firms backed by Berkshire — Itochu, Marubeni, Mitsubishi Corporation, Mitsui & Co., and Sumitomo — are known as “sogo shosha” or general trading companies in Japan. “These trading companies were really entrenched, old companies, and they had all these cheap copper mines and rubber plantations, and so you could borrow [easily],” Munger added. Buffett’s decision to invest in Japan has buoyed optimism about prospects in the world’s third largest economy. The legendary investor has previously cheered “the future of Japan,” casting more attention to the country from other foreign backers.

Persons: Hong Kong CNN — Warren, Charlie Munger, Buffett’s, Berkshire Hathaway, Berkshire —, Munger, Warren Buffett, ”, ” Munger, “, Wang Chuanfu, Omaha ”, China’s Organizations: Hong Kong CNN, Japan’s Nikkei, Berkshire, Berkshire — Itochu, Mitsubishi Corporation, Mitsui & Co, Sumitomo, BYD, Hyundai, Apple Locations: Hong Kong, Japan, Berkshire, United States, “, Munger, Asia, South, TSMC, Omaha, Taiwan, China

☆ Steve Ballmer, who started as Bill Gates’ assistant, is the 5th-richest person in the world
▼ + stars: | 2023-10-31 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

New York CNN —Bill Gates’ former assistant at Microsoft is now the fifth-richest person in the world, per Bloomberg’s tally, and only one spot behind Gates on the real-time list of the world’s richest people. This figure is only some $5 billion shy of Gates’ estimated net worth of $122 billion. Ahead of Ballmer are only Elon Musk, Bernard Arnault, Jeff Bezos and Bill Gates. And rounding out the top 10 behind Ballmer are Larry Ellison, Warren Buffet, Larry Page, Mark Zuckerberg and Sergey Brin. While Gates dropped out to start Microsoft, Ballmer graduated in 1977 with degrees in applied mathematics and economics.

Persons: Bill Gates ’, Gates, Steve Ballmer, Elon Musk, Bernard Arnault, Jeff Bezos, Bill Gates, Ballmer, Larry Ellison, Warren Buffet, Larry Page, Mark Zuckerberg, Sergey Brin, CNN Ballmer Organizations: New, New York CNN, Microsoft, CNN, Harvard University, Los Angeles Clippers, Bloomberg, Ballmer Locations: New York

☆ ‘Friends’ Star Matthew Perry Dies at 54
▼ + stars: | 2023-10-29 | by ( Joseph Pisani | Suryatapa Bhattacharya | ) www.wsj.com time to read: 1 min

Matthew Perry was found dead at his home, according to the Los Angeles County medical examiner. Photo: Frederick M. Brown/Getty ImagesMatthew Perry, the Emmy-nominated “Friends” star, has died at 54 years old. The actor rocketed to stardom on “Friends,” an NBC comedy about six friends living in New York, from 1994 until the series finale in 2004. The TV show became one of the most watched sitcoms of all time, turning Perry and his co-stars—Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc and David Schwimmer—into household names.

Persons: Matthew Perry, Frederick M, Brown, rocketed, ”, Perry, — Jennifer Aniston, Courteney Cox, Lisa Kudrow, Matt LeBlanc, David Schwimmer — Organizations: NBC Locations: Angeles, New York

When 2023 began, a single bitcoin could be had for less than $17,000 after losing more than 75% of its value. Now, bitcoin is getting another boost on the prospects of creating a much larger pool of investors. IShares Bitcoin Trust appeared to be temporarily removed Tuesday, but was back online as of Wednesday. Still, the most recent surge bitcoin goes beyond single developments or participants, Kaiko research analyst Riyad Carey notes — crediting “more of a broad market rally" around spot bitcoin ETF prospects. Despite the recent excitement around bitcoin, crypto is still a risky bet.

Persons: Bitcoin, hasn't, Edward Moya, IShares Bitcoin, iShares, Moya, Riyad Carey, “, —, “ We’re, it’s, ”, it's, ” Moya, bitcoin Organizations: Federal Reserve, Industry, Columbia, Securities and Exchange Commission, Grayscale's, SEC, Depository Trust, Clearing Corporation, Associated Press Locations: Silicon, bitcoin, cryptocurrencies

☆ CNBC Daily Open: Big banks’ big profits aren’t likely to last
▼ + stars: | 2023-10-16 | 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. Separately, Mārtiņš Kazāks, one of the European Central Bank's more hawkish members, told CNBC he was "quite happy" with current rate levels. The bank's third-quarter earnings rocketed 60% and revenue rose 6.5% from a year earlier, boosting its shares by 3.07%. Wall Street banks like Goldman Sachs and Bank of America report earnings Tuesday, followed by regional banks — and Morgan Stanley — on Wednesday.

Persons: Mārtiņš Kazāks, Jamie Dimon, we're, Wells, Wells Fargo, Goldman Sachs, Morgan Stanley — Organizations: CNBC, Dow Jones, European, JPMorgan JPMorgan Chase's, Citigroup, Wells Fargo, Wall, U.S . West Texas Intermediate, Brent, International Energy Agency, Bank of America Locations: Israel, —

CAPE CANAVERAL, Fla. (AP) — NASA’s Psyche spacecraft rocketed away Friday on a six-year journey to a rare metal-covered asteroid. SpaceX launched the spacecraft into an overcast midmorning sky from NASA’s Kennedy Space Center. Scientists envision spiky metal craters, huge metal cliffs and metal-encrusted eroded lava flows greenish-yellow from sulfur — “almost certain to be completely wrong,” according to Elkins-Tanton. Led by Arizona State University on NASA’s behalf, the $1.2 billion mission will use a roundabout route to get to the asteroid. So instead of arriving at the asteroid in 2026 as originally planned, the spacecraft won’t get there until 2029.

Persons: —, NASA’s, “, ”, Laurie Leshin, Jim Bell, Jules Verne, Lindy Elkins, it’s, speck, It's Organizations: SpaceX, NASA’s Kennedy Space Center, Jet Propulsion, NASA, Arizona State University, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, Arizona, Tanton, Elkins, Utah

The ceremony to honor a fallen Russian soldier went viral for all the wrong reasons. The musical faux pas last May in the eastern Russian town of Kyakhta, home to a prominent infantry brigade, soon rocketed around social media. If the incident was discordant in the extreme, it also accentuated the contradictions of Vladimir Putin’s war that are changing the face of garrison towns across Russia. The local cemetery is growing exponentially. The flood of newly purchased cars in Kyakhta telegraphs loss as much as prosperity — the money comes from large government payouts to families of the dead and grievously injured.

Persons: ” blaring, Vladimir Putin’s Organizations: telegraphs Locations: Russian, Ukraine, Kyakhta, Russia

If the Twins force Game 5, it would be in Houston on Friday. The right-hander, who threw six hitless innings in World Series Game 4 last year to beat Philadelphia, lowered his career postseason ERA to 1.91 over 37 2/3 innings. With five walks and one hit batter, Javier provided the Twins plenty of opportunities to catch up. “It was a difficult day to hit, so them jumping out early was very, very important,” Twins manager Rocco Baldelli said. He has allowed 13 earned runs, nine walks and three homers in 14 innings over three career starts against the Astros.

Persons: — José Abreu, Sonny Gray, Yordan Alvarez, Alex Bregman, Cristian Javier, Abreu, “, ” Gray, Javier, Dusty Baker, Max Kepler, Royce Lewis, Carlos Correa, Kepler, Lewis, Correa, Willi Castro's, Jeremy Peña, Ryan Jeffers, Rocco Baldelli, Jose Altuve, Gray, Alex Kirilloff’s, Kyle Tucker, Johan Santana, Joe Mauer, Pablo López, López, Alvarez, Juan Gonzalez, Bob Robertson, Baker, ” Abreu, José Urquidy, Joe Ryan, ___ Organizations: Houston, Astros, Minnesota Twins, AL, Twins, Philadelphia, ” Twins, Toronto, Cincinnati, NEXT Astros Locations: MINNEAPOLIS, Houston, Venezuelan

MANAUS, Brazil (AP) — Communities dependent on the Amazon rainforest's waterways are stranded without supply of fuel, food or filtered water. These are just the first grim visions of extreme drought sweeping across Brazil’s Amazon. Raimundo Silva do Carmo, 67, makes his living as a fisherman, but these days has been struggling to simply find water. Like most rural residents in Brazil's Amazon, do Carmo typically retrieves water untreated from the biome's abundant waterways. The drought has affected most of the main rivers in the Amazon, the world’s largest basin, which accounts for 20% of the planet’s fresh water.

Persons: Raimundo Silva, Carmo, ” Joaquim Mendes da Silva, ”, Edvaldo de Lira, Ana Paula Cunha, Marcus Suassuna Santos, Brazil’s, Ane Alencar, Alencar, Luiz Inácio Lula da Silva’s, Geraldo Alckmin, Ayan Fleischmann, Fleischmann, Flávia Costa, Fabiano Maisonnave, Eléonore Hughes, Diane Jeantet Organizations: Associated Press, Geological Survey, Amazon Environmental Research Institute, Bolsa, Sustainable Development Institute, National Institute for Space Research, National Institute of, AP Locations: MANAUS, Brazil, Brazil's, Puraquequara, Amazonas state's, Manaus, “, CEMADEN, Amazonas, Parana, Lake Puraquequara, Equatorial, Rio Grande do Sul, Madeira, Bolivia, Porto Velho, Santo Antonio, Negro, Bolsa Familia, Solimoes, Madeira —, Lake Tefe, rocketed, Brasilia, Rio de Janeiro

Re-enter risk premia on what should be 'risk free' bonds. The renewed corporate profits upswing riffs off this relatively robust nominal growth picture too - as do still benign corporate debt premia. However, keeping a lid on 5% nominal GDP may well be what's irking bonds as much as anything. While turning 10-year averages takes some time, nominal GDP growth according to a real time model from the Atlanta Fed is closer to 8% right now. CBO deficit projections to 2030US nominal GDP growth running at 8%?

Persons: York Fed's, Ajay Rajadhyaksha, today's, Treasuries, Fitch, Andrew Heavens Organizations: Treasury, Federal, Fed, The, Barclays, Societe Generale's, Atlanta Fed, Moody's, U.S . AAA, Reuters, Thomson Locations: U.S, Washington, York, 35bp, 150bp, Treasuries, China, Europe

☆ What Macron means when he says he wants to 'take back control' of French power prices
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +6 min

PARIS, Oct 4 (Reuters) - French President Emmanuel Macron said last week his government would "take back control" of electricity prices by the end of the year, without spelling out what steps he would take. "There is a point that is key for our competitiveness, and we will announce it in October, and that is to take back control of electricity prices," Macron said. "We'll be able to announce in October electricity prices that are in line with our competitiveness," he said, adding this would apply to households and businesses. However, French officials say Germany is undermining a traditional French strength due to fears cheap nuclear electricity could provide French businesses with a competitive advantage over German companies. Under the current system, called marginal pricing, European electricity prices are linked to the most expensive power producing asset.

Persons: Emmanuel Macron, Macron, We'll, Bruno Le Maire, Michel Rose, Elizabeth Pineau, Benjamin Mallet, Leigh Thomas, Forrest Crellin, Kate Abnett, Julia Payne, Mark Potter Organizations: Union, EDF, EU, European Commission, French Finance, Reuters, Thomson Locations: Ukraine, Paris, France, Brussels, Germany, Russia, Europe, Bulgaria, Croatia, Czechia, Hungary, Poland, Romania, Slovakia, Slovenia, Luxembourg, Austria, Spain

☆ In the country of ‘machismo,’ a woman will be the next president
▼ + stars: | 2023-10-04 | by ( Rafael Romo | ) edition.cnn.com time to read: +7 min

Sheinbaum, a 61-year-old former Mexico City mayor and longtime political ally of Lopez Obrador, hit all the right notes in thanking him. Lopez Obrador promises to ‘retire completely’Schettino believes the immensely popularly Lopez Obrador views Sheinbaum as his extension in power. In 2012, Lopez Obrador created Morena as a political party. “President López Obrador, a dinosaur who not only is a dinosaur, but also has the vocation of a tyrant. Earlier this year, Lopez Obrador denied he had any favorites among his party’s hopefuls or that he was pushing for one candidate or another behind the scenes.

Persons: Andrés Manuel López Obrador, Claudia Sheinbaum, Lopez Obrador, Morena, Sheinbaum, ”, –, Xochitl Gálvez, It’s, Lopez, Xochitl Galvez, wasn’t, Gálvez, López Obrador, Vicente Fox, Gálvez unapologetically, Macario, she’s, don’t, ” Schettino, “, let’s, it’s, ” Sheinbaum, ‘, Schettino, hew Organizations: CNN, Mexico City, Broad Front, PAN, PRI, PRD, Front, Mexican Congress, Social, Institutional Revolutionary Party, Party of Democratic Locations: Mexico City, Mexico, Monterrey, Mexican, Mexico’s

Against this backdrop, hedge funds are placing larger bets by shorting a slew of stocks including C3.ai and U-Haul . In the event that the overall market sell-off stops, however, these stocks could also be in play for a short-squeeze and climb higher. C3.ai has one of the highest short-interest readings on the list of 39.2 million shares through Sept. 15, up from 35.9 million at the end of August. That's up from 7.8 million shares at the conclusion of August. Other stocks that made the list include Intercept Pharmaceuticals , which saw short interest climb 18% from the end of August to the middle of September to 12 million shares.

Persons: shorting, Guess, Italy's Alfasigma, Groupon Organizations: Dow Jones Industrial, Nasdaq, Intercept Pharmaceuticals

ORLANDO, Florida, Sept 28 (Reuters) - The 'dollar smile' can be a blessing for Wall Street, or a curse. But the speed and extent of the move in the dollar and Treasuries, and tightening of financial conditions, warrant vigilance. According to Goldman Sachs, U.S. financial conditions are the tightest this year. This is not dissimilar to other major economies and regions, some of which - the euro zone, China and emerging markets - are feeling an even tighter squeeze. It might be too early for that to appear in third-quarter results - many big Wall Street firms will have hedged their currency exposure over the near term - but if sustained, fourth-quarter profits could be affected.

Persons: Stephen Jen, reckons Stuart Kaiser, Kaiser, Goldman Sachs, Rabobank's Jane Foley, Foley, Jamie McGeever, Andrea Ricci Organizations: Treasury, Citi, FCI, Reuters, Thomson Locations: ORLANDO, Florida, China, U.S, America

☆ Viktor Hovland sinks remarkable Ryder Cup par-four hole-in-one — a day too soon
▼ + stars: | 2023-09-28 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

Signature European chants of ‘Olé, olé, olé, olé’ ringing in his ears, Hovland was serenaded on his walk to the hole before retrieving his ball and lobbing it into the crowd. Richard Heathcote/Getty ImagesThose same fans will be hoping for repeat heroics across the rest of the week as Team Europe captain Luke Donald and Co. look to avenge a crushing defeat at Whistling Straits in 2021. This season, three PGA Tour wins and minimum top-13 finishes in all four majors have rocketed Hovland to world No. “There’s a belief and a confidence that I can get myself out of any situation, and I think that’s a huge turnaround from last time.”Though the US is spearheaded by world No. “Obviously, we want to beat the Americans, we enjoy that, but it’s not because we hate the other team.

Persons: CNN —, Viktor Hovland’s, Marco Simone Golf, ‘, Hovland, Richard Heathcote, Luke Donald, “, ” Hovland, I’ve, Scottie Scheffler, Northern Ireland’s Rory McIlroy, Spain’s Jon Rahm, ” Organizations: CNN, Ryder, Getty, Team Europe, Oklahoma State University, Europe, Shore Locations: Norwegian, Whistling Straits, Northern, Rome, Europe

"The UK has been one of the real leaders in climate diplomacy and in their own emissions reductions," Ireland’s climate minister Eamon Ryan told Reuters. But according to the Climate Change Committee’s June 2023 progress report to parliament, to hit mid-way climate targets, Britain must quadruple its annual emissions reductions outside the electricity supply sector by 2030. He said he was changing the policy because previous governments had moved too quickly to set net zero targets, without securing the support of the public. Delaying net zero transition investments could prove politically popular, analysts observed, if an election was on the horizon. But "this framing only works if you think climate policy is a burden", said Bob Ward, a climate policy researcher at the London School of Economics and Political Science, adding that avoiding short-term costs was likely to lead to a greater bill for taxpayers down the road.

Persons: Eamon Ryan, Rishi Sunak, Bob Ward, Britain's, Simone Tagliapietra, Sunak’s, Philip Dunne, Susanna Twidale, Gloria Dickie, Kate Abnett, Elizabeth Piper, Ed Osmond, Alison Williams Organizations: Reuters, United Nations, London School of Economics, Political, Global, Thomson Locations: Britain, Ukraine, Poland, Slovakia, Netherlands, Brussels, U.S, London

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