Xi set to snub summit on climate crisis October 15, 2021 Chinese President Xi Jinping will not attend the COP26 climate conference in person. The Times has reported that the Prime Minister Boris Johnson has already been told of Xi’s upcoming absence. The UK is hosting the global summit in Glasgow later this month and over a hundred world leaders are expected to show up. It [...]
UK supply chain crisis worse because of Brexit says French politician October 15, 2021 French finance minister Bruno Le Maire has said the UK’s supply chain issues are worse because Brexit cut off its access to the single market. “We are facing the same situation,” said Le Maire, confirming that France is also being hit by supply chain woes in comments to the BBC at a meeting of the G7. [...]
FCA chairman Charles Randell to leave post after over three years in the job October 15, 2021 The chairman of the City watchdog is stepping down from his post next year after over three years heading up the regulator. Charles Randell has asked chancellor Rishi Sunak to start looking for his replacement as chairman of the Financial Conduct Authority (FCA). Randell intends to leave his post in the spring of next year. [...]
New gas boilers to be banned from 2035 in latest decarbonisation push October 15, 2021 New gas boilers are set to be banned from 2035, with households being incentivised to make the transition to heat pumps with a £5,000 grant. The move, due to be unveiled under the government’s Heat and Buildings strategy next week, is one of the plans of action in getting the country to net zero by [...]
Opinion-in-brief: We must grow green jobs to address the climate crisis October 15, 2021 The pandemic and the end of furlough have left 12.9 per cent of 16 to 24 year-olds unemployed. In the lead up to Cop26 the Prime Minister has hailed a green industrial revolution as a potential solution. The transition to net zero is already affecting career plans for many, removing large numbers of jobs, whilst [...]
Letters: no joke with emissions October 15, 2021 [Re: Offsetting a ‘bit of a joke’ says going-green airline boss, 13th October] The chief executive of Whizz Air said the quiet bit out loud: today’s carbon offsets are a joke – and a bad one because they allow people to think that a bit of spare change can solve the climate crisis. We need [...]
Dubai halts cargo imports for six days to clear backlog October 15, 2021 Dubai will restrict cargo imports for six days next week in a bid to clear a backlog caused by “extraordinarily high” volumes of shipments. Dnata, the cargo handling branch of government-owned airline group Emirates, told the FT that restrictions would include cargo in transit to other destinations in the UAE with only certain essential items [...]
Test and Trace halted at lab after 43,000 people given false negative Covid tests October 15, 2021 Test and Trace operations have been halted at a laboratory after around 43,000 people were issued with incorrect negative Covid-19 tests. “We have recently seen a rising number of positive LFD results subsequently testing negative on PCR,” public health incident director at UK Health Security Agency, Dr Will Welfare said. “As a result of our [...]
Bank of England dove flies against the wind on interest rates October 15, 2021 A member of the Bank of England’s rate setting committee has broken ranks and taken a more dovish stance against heating inflation. Silvana Tenreyro, an external member of the Bank’s monetary policy committee, warned it would be “self-defeating” to hike interest rates to hose down temporary bout of inflation. More to follow.
FTSE 100 tops pre-pandemic high on commodity rally October 15, 2021 Soaring commodity prices boosted industrial stocks on London markets this morning, lifting the capital’s premier FTSE 100 index to its highest level since before the pandemic. The blue-chip index advanced to 7,242.73 points in early trading, before pulling back slightly. More to follow.
