The leaders of the world’s biggest green energy companies have promised more than £24bn of new private investment across Great Britain ahead of a meeting with the prime minister on Friday.Keir Starmer is expected to meet the green energy bosses on the sidelines of the first Council of Nations and Regions in Edinburgh to discuss the multibillion-pound projects just days before the government’s international investment summit next week.Starmer said the tidal wave of private sector spending was “a huge vote of confidence” in the government’s “relentless focus to drive growth across the UK”, which would create thousands of jobs in…
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The automotive industry has undergone a remarkable transformation, with vehicles becoming increasingly larger and more technologically advanced. This trend is exemplified by the Ford Expedition, which has now reached its fifth generation. While size and powerful engines have traditionally been key selling points for SUVs, Ford has taken a different approach, focusing on technology and design. The Expedition’s interior features a futuristic and intuitive dashboard layout, inspired by Peugeot’s i-Cockpit. A large panoramic display is positioned above the steering wheel, providing drivers with easy access to essential information without compromising safety. This innovative design is complemented by a central infotainment…
(Corrects charge in paragraph 8 to read transportation to engage in prostitution, not prosecution) By Luc Cohen NEW YORK (Reuters) -Sean “Diddy” Combs will stand trial on federal sex trafficking and racketeering charges starting on May 5, a U.S. judge decided during a hearing on Thursday, and the jailed hip-hop mogul blew kisses to his family in the courtroom afterward. During the hearing before U.S. District Judge Arun Subramanian in Manhattan federal court, Combs’ lawyer Marc Agnifilo also raised concerns about what he termed improper leaks by federal agents about the case. Prosecutor Emily Johnson called the claim baseless. Combs,…
October has historically earned a reputation for market turbulence, with some of the most significant market crashes occurring during this month—the 1929 and 1987 crashes being the most infamous examples. This seasonal market phenomenon, often dubbed the “October Effect,” is linked to increased volatility and sell-offs as investor sentiment becomes more cautious. For tech stocks, which are often traded at high valuations, this period can be particularly sensitive. However, not all tech companies are affected equally. As the market braces for potential October volatility, Microsoft Corporation (MSFT) appears better positioned than Apple Inc. (AAPL). With its enterprise-driven model and dominance…
In a significant development in the carbon credit industry, the United States Department of Justice (DOJ) has unsealed charges against two individuals involved in a multi-million-dollar fraud scheme, with potential implications for projects in Zimbabwe. The clean cookstoves imported under the N9.2 billion Federal Government project several years. The US case involves manipulating data to exaggerate the success of cookstoves projects in reducing carbon emission On October 2, 2024, the DOJ announced charges against Kenneth Newcombe, 77, of Santa Barbara, California, and Tridip Goswami, a resident of India. The pair are accused of orchestrating fraud within the carbon markets through…
By Maya Gebeily YARZE, Lebanon (Reuters) – United Nations peacekeepers are determined to remain at their posts in southern Lebanon despite Israeli attacks in recent days and orders by Israel’s advancing military to leave, the force’s spokesperson said on Thursday. Andrea Tenenti said the Israeli attacks on the peacekeeping force, known as UNIFIL, on Wednesday and Thursday had wounded two of their members and knocked out some of their monitoring capabilities. “Definitely, this is probably one of the most serious events or incidents that we’ve been witnessing in the last 12 months,” Tenenti said in an interview, referring to exchanges…
The co-founder of the £4bn British tech firm Darktrace, Poppy Gustafsson, has been appointed as the government’s new investment minister.Darktrace, the listed cybersecurity company, was this month sold to a US private equity firm and Gustafsson stepped down as chief executive. She will become a peer.Ministers had been trying to appoint someone to the crucial job for months. Ben Wegg-Prosser, who founded the Global Counsel advisory firm with the Labour grandee Peter Mandelson, turned the job down.The government said Gustafsson would head the Office for Investment as a minister in the Treasury and the Department of Business and Trade. She…
(Bloomberg) — Advanced Micro Devices Inc. suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence chips but didn’t provide hoped-for information on customers or financial performance.Most Read from BloombergThe stock slid 4% to $164.18 on Thursday, making the biggest single-day drop since Sept. 3. Shares of the company, which hosted an event in San Francisco on Thursday, remain up 11% this year.AMD has emerged as the biggest contender to Nvidia Corp. in the lucrative market for artificial intelligence processors, and Chief Executive Officer Lisa Su argued that its latest chips will exceed…
Oil prices have been on a wild ride recently, dropping from $92 a barrel last year to around $70. Speculations have emerged that Saudi Arabia might aim to push prices down to $50 amid internal disagreements within OPEC+. However, rising tensions in the Middle East are shifting the narrative once again, with fears that a regional war could send crude prices soaring. Just last week, U.S. crude oil surged over 3% as the market braced for potential Israeli strikes on Iran in retaliation for missile attacks. This anxiety led to a significant rally, with the U.S. benchmark West Texas Intermediate…
SEI has launched three new subadvised, active equity ETFs that combine traditional active management with factor investing. The SEI Select Small Cap ETF (SEIS), SEI Select International Equity ETF (SEIE) and SEI Select Emerging Markets Equity ETF (SEEM) each began trading on NASDAQ on Thursday. The ETFs all include a hybrid of fundamental active and factor-based investing, whereby SEI combines its own portfolios – which use quantitative factor-based analysis – with actively managed portfolios run by third-party subadvisors. Source link