‘Adapt or die’ warns UK Environment Agency, as IEA cautions world’s coal reliance October 13, 2021 Amid a global gas crisis, countries are turning to coal, which has been pushing up carbon emissions that drive climate change, the International Energy Agency (IEA) has warned. In its latest World Energy Outlook report, the IEA has forecast that annual investment in renewable energy and infrastructure needs to swell to some £2.9 trillion by [...]
GDP grew 0.4 per cent in August, as Brits rush to eat out and return to theme parks October 13, 2021 Gross domestic product (GDP) grew 0.4 per cent in August 2021, according to the latest figures, remaining 0.8 per cent below its pre-pandemic level. The sectors offering the “strongest contribution”, according to the Office for National Statistics (ONS), were accommodation and food services, which boosted GDP 0.28 per cent. Sports and recreation industries have [...]
City Moves: Who’s switching jobs in the Square Mile today? October 13, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Riverstone Property developer Rivertsone has hired a new Chief Experience Officer who will help ensure a smooth experience for its over 65s residents in Kensington and Fulham. Greg Mace joins as the firm readies itself for new developments, [...]
Lord Callanan: Refurbish, not just rebuild, ahead of COP26 October 12, 2021 The government is looking to tackle embodied carbon – emissions produced during the manufacturing of building materials – as part of its upcoming building strategy. Developers have been knocking down the UK’s drafty homes to pave the way for greener, more energy efficient, new builds. But in doing so, are not preventing as much carbon [...]
Losing the spark: London’s New Year’s Eve fireworks show cancelled again October 12, 2021 London’s highly anticipated New Year’s Eve fireworks show has been cancelled for the second year running over Covid-19 concerns. While the Thames-side event is off, there are plans to hold a separate event in Trafalgar Square, according to the Metro. “This year, as always, London will be welcoming the new year in a spectacular way,” [...]
European Commission sets aside €1bn in aid for Afghanistan and neighbour states October 12, 2021 The European Commission has pledged a further €700m to Afghanistan, taking its total funding to €1bn. Commission president Ursula von der Leyen announced the support package earlier today, as the socio-economic situation in Afghanistan has deteriorated since the fall of Kabul to the Taliban in August. “We must do all we can to avert a major [...]
Macron pledges €30bn to re-industrialise and decarbonise France October 12, 2021 French president Emmanuel Macron has unveiled a €30bn plan to re-industrialise France, pledging funds to a string of sectors from across green energy to robotics. The plan, dubbed ‘France 2030’, has placed a renewed focus on decarbonising French industry, as the country looks to become a leader in green hydrogen. Speaking at the Elysee Palace, Macron [...]
Overground crash: Two injured after buffer collision at Enfield Town Station October 12, 2021 Two people have been injured at Enfield Town Station today when the Overground service crashed through the buffers. “Thankfully, there are not the sort of casualties we could have had – just the one driver taken for shock to hospital,” London Mayor Sadiq Khan said. The mayor added that a full inquiry will be held [...]
Holiday destination Crete hit by second powerful earthquake in two weeks October 12, 2021 Holiday destination Crete has been struck by another strong earthquake just two weeks after one which killed a man. Today’s earthquake, which reached a magnitude of 6.3, according to reports, “was felt all over the island”, Crete’s deputy regional governor, Yiannis Leondarakis, told Greece’s state-run radio. There have not yet been any reports of injuries [...]
COP26 is not a ‘photo op’ but an opportunity to ‘step up’, says Alok Sharma October 12, 2021 COP26 lead Alok Sharma is expected to urge world leaders today that the upcoming climate conference is not a “photo op” but where “each country must step up”. Speaking at the UNESCO World Heritage Centre in Paris today, Sharma is set to say: “Responsibility rests with each and every country. And we must all play [...]