Author: Press Room
Bri Macdonald spent her summer renovating a cabin on an island in Ontario, Canada. She transformed the rundown building into a cozy home filled with natural elements. Macdonald will be back next year to renovate the bathroom and kitchen. 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 Bri Macdonald threw herself into the deep end this summer.She spent two months alone on a remote island in Ontario, Canada. There, she learned skills like driving a boat and surviving in solitude. And, by the end of…
Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.The world’s two biggest polluters have made a positive “gesture” to co-operate on climate change, with the US and China agreeing to accelerate the rollout of renewable energy to displace their heavy reliance on fossil fuels.The joint statement on climate diplomacy between Washington and Beijing came shortly before Joe Biden and Xi Jinping were due to meet in San Francisco as part of an effort to stabilise US-China relations.It was taken as a sign of progress in global climate policy ahead of…
© Reuters. FILE PHOTO: The logo of Meta Platforms’ business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS (Reuters) – Meta on Wednesday appealed against “gatekeeper” designations for its Messenger and Marketplace platforms, the first Big Tech company to challenge new European Union rules setting out dos and don’ts for the online services. As part of its latest crackdown on Big Tech, the EU in September picked 22 “gatekeeper” services, run by six of the world’s biggest tech companies, to face new rules under the Digital Markets Act…
© Reuters. FILE PHOTO: A general view of the drug product manufacturing laboratory in biologics and sterile injectables, Catalent, in Brussels, Belgium June 27, 2023. REUTERS/Yves Herman/File Photo By Sriparna Roy and Leroy Leo (Reuters) -Catalent said on Wednesday it expected a majority of its current and upcoming production capacity for pre-filled syringes until fiscal year 2026 to soon be booked out, driven by booming demand for newer weight-loss drugs. The contract drug manufacturer plays a vital role in the production of Danish drugmaker Novo Nordisk (NYSE:)’s Wegovy by filling self-injection pens for the GLP-1 weight-loss drug, which is witnessing…
LONDON – In a decisive move to ensure fairness in fuel pricing, the UK government has enhanced the powers of the Competition and Markets Authority (CMA), mandating greater transparency among fuel retailers. This action follows a report revealing that supermarkets had significantly inflated fuel prices in 2022, resulting in an additional £900 million cost to consumers. The amendments to the Digital Markets, Competition and Consumers Bill, announced today, require fuel retailers to be clear about their pricing or risk facing penalties. These penalties can be substantial, amounting to 5% of daily turnover for those failing to comply. The CMA’s inaugural…
Wise plc reports 1H results
A climate activist with a far-left advocacy group smeared red paint on an exhibit honoring an African American regiment that fought during the Civil War, during a protest at the National Gallery of Art on Tuesday.The member of Declare Emergency, a group that calls for an immediate end to fossil fuel production and reliance, vandalized a wall in the West Building gallery of the Washington, D.C., museum that houses the Shaw 54th Regiment Memorial, officials told Fox News Digital. Using red paint, the activist wrote, “Honor Them,” and explained President Biden could honor Black Civil War soldiers by declaring a…
CLNKraneShares Key News Asian equities had a strong day following the soft US CPI print yesterday, sending the US dollar lower and risk assets higher as Hong Kong outperformed the region. Today is evidence of how interconnected the world we live in is. Hong Kong and Mainland China rose on strong volumes, with Hong Kong posting 124% of its 1-year average volumes and Mainland China posting 113% of its 1-year average volumes and strong breadth, with the Hang Seng closing above 18,000 for the first time since October 12th. Hong Kong’s most heavily traded by value were Tencent +4.81%, Alibaba…
Microsoft has unveiled its first bespoke chips for artificial intelligence in the cloud, as developers clamour for alternative suppliers to Nvidia, which dominates the market for AI processors. Two new processors — a general-purpose chip based on Arm designs called Cobalt and a specialised AI “accelerator” named Maia — will be deployed in Microsoft’s Azure data centres next year, supporting its services including OpenAI and Copilot. Microsoft’s entry to the AI processor market, announced at its Ignite developer conference on Wednesday, follows renewed efforts by Intel and AMD to compete with Nvidia, which holds a virtual monopoly on the high-powered…
Canadian wholesale trade has seen a consistent rise, marking its third consecutive monthly increase with a 0.4% climb to C$83.07 billion ($60.67 billion) in September, surpassing Statistics Canada’s initial estimates. This rise follows a downwardly revised 1.8% increase in August, with wholesale sales volume also experiencing a 0.5% boost. On an annual basis, nominal wholesale sales have grown by 1.6%, and the third quarter (Q3) of the year reflected a 1% increase, largely driven by sales in motor vehicles and parts. A closer look at the sectoral performance reveals that four out of seven sectors reported sales growth. Notably:Motor vehicles,…