Author: Press Room

James Hansen sits for a portrait in his home in New York on April 12, 2018. NASA’s top climate … [+] scientist in 1988, Hansen warned the world on a record hot June day 30 years ago that global warming was here and worsening. In a scientific study that came out a couple months later, he even forecast how warm it would get, depending on emissions of heat-trapping gases. (AP Photo/Marshall Ritzel)ASSOCIATED PRESS COP28 President Sultan Al Jaber is embroiled in a controversy from which he is attempting to extricate himself. At the heart of the issue is a recent…

In an industrial park in south Wales, start-up Protium uses renewable electricity to power a small electrolysis plant it opened earlier this year to extract hydrogen from water, producing up to 35kg of the gas every day. The product, known as “green hydrogen”, is a key part of the UK’s plans to decarbonise, hailed by its promoters as a revolutionary alternative to fossil fuels as the gas does not produce carbon dioxide when burnt. As governments look to reduce their emissions they are eyeing the low-carbon hydrogen as a clean alternative fuel for energy-intensive industries, transport and power stations.The UK…

© Reuters. FILE PHOTO: Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo SYDNEY (Reuters) – Australia’s central bank held interest rates steady on Tuesday as expected, buying it more time to assess the state of the economy and to determine whether further hikes might be needed next year. Wrapping up its December policy meeting, the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35%, adding economic data received since November had been broadly in line with expectations. Markets had wagered heavily on a…

© Reuters. ESPOO – Nokia (HE:) is bracing for a potential decline in earnings after AT&T (NYSE:), one of its key customers, announced plans to transition toward Open Radio Access Network (Open RAN) with multiple vendors over the next five years. This shift could impact Nokia’s Mobile Networks’ net sales; AT&T accounted for 5-8% of Mobile Networks’ YTD net sales in 2023. Despite this challenge, Nokia maintains a strong position in the global non-China 5G market, holding a 29% share as of the third quarter, according to the Dell (NYSE:)’Oro Report. This success is attributed to significant investments in research…

© Reuters. FILE PHOTO: Smoke rises from chimneys near solar panels, during a Huawei-organised media tour, in Shaanxi province, China April 24, 2023. REUTERS/Tingshu Wang/File Photo By Sudarshan Varadhan SINGAPORE (Reuters) – Asia boosted clean electricity output and slashed its share of fossil fuels faster than North America and Europe from 2015, data shows, underscoring resistance by Asian nations to a western push to choke private financing for coal-fired power. There is wide agreement that increasing clean power, such as wind and solar, is central to curbing carbon emissions to fight climate change. On Saturday at the U.N. climate summit,…

Alistair Berg/DigitalVision via Getty Images Five9 Inc. (NASDAQ:FIVN) rose 7.4% amid a report that the call center software provider is evaluating a possible sale. Five9 (FIVN) is working with advisers as it tries to gauge interest from potential buyers, according to a Bloomberg report on Monday, which cited people familiar with the matter. The report come a little bit more than two years after the Five9 (FIVN) called off a deal to be sold to Zoom (NASDAQ:ZM) after it didn’t receive enough support from shareholders for its planned sale. Zoom agreed to acquire cloud contact center provider Five9 in an…

Several gold bars discovered by federal agents in Democratic New Jersey Sen. Bob Menendez’s residence as part of a high-profile bribery investigation can be traced to a violent robbery a decade ago.According to a sprawling indictment unsealed by federal prosecutors in September, Menendez and his wife allegedly played a role in a years-long bribery scheme that involved the Egyptian government and local businessmen including Fred Daibes, a wealthy New Jersey real estate developer. Prosecutors revealed they retrieved multiple gold bars from Menendez’s home which were allegedly used as payment in the scheme.At least four of the gold bars discovered by…

Donald Trump is selling Christmas wrapping paper featuring his mug shot — for $35.A single purchase will give fans three sheets of wrapping paper filled with Trump’s mug shot.Trump is also selling $25 Christmas stockings, through which he said fans would get “GREAT things.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Former President Donald Trump is continuing to milk his mugshot, this time with a Christmas wrapping paper featuring his scowling face from August’s Georgia indictment.Fans of Trump will need to spend $35…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Quantum computers harness the mind-bending probability of subatomic particles existing in multiple states simultaneously, creating ultra-powerful processors able to carry out multiple calculations at once. Or at least, that’s the theory. General purpose quantum computers remain a fantasy. This week, IBM attempted to lay out a road map for the practical application of quantum computing, claiming that it could provide error-free calculations by the end of the decade. If true, it could supercharge investment in the sector.Last year, global quantum start-ups received $2.35bn…

© Reuters. FILE PHOTO: Onions are displayed at a stall at a public market in Manila, Philippines, January 28, 2023. REUTERS/Lisa Marie David/File Photo By Neil Jerome Morales and Mikhail Flores MANILA(Reuters) -The Philippine central bank said on Tuesday it was necessary to keep monetary policy settings “sufficiently tight” and it was ready to take further action, highlighting its wariness of inflation despite a slowdown in the pace of increases. The consumer price index climbed 4.1% in November, the lowest rate of growth since March 2022 and less than the 4.3% forecast in a Reuters poll. Inflation was 4.9% in…