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UN climate talks have focused on renewable energy for too long, Exxon chief says (6 hours old)

Darren Woods tells FT that oil and gas major has a role to play in reducing emissions

Fossil fuel companies sign up to emissions reduction pact at UN climate conference (2 hours old)

Methane, renewable and nuclear pledges made at COP28 in Dubai

Sustainability is real and smart investors know it (13 hours old)

It still matters if companies pollute our waterways, exploit their workers or poison their customers

The many legends of Henry Kissinger (23 hours old)

To some he was a diplomatic wunderkind, to others an amoral sociopath. He later used access to power to charge high fees to companies

The untimely death of the funeral  (13 hours old)

The rise of direct cremations might save money, but what would mourners lose?

For women in wine, things are not getting better (13 hours old)

A new survey reveals just how little impact #MeToo had on the industry

Israel-Hamas truce talks stall after Mossad negotiators leave Qatar  (54 minutes old)

Israel accuses militant group of reneging on agreement and resumes bombardment of Gaza

Shattered Israel-Hamas truce leaves Gaza’s civilians with nowhere left to run (4 hours old)

Exhausted population ordered to move again as Israeli bombardment returns

Richard Branson rules out further investment in Virgin Galactic (7 hours old)

UK entrepreneur says his business empire no longer has ‘the deepest pockets’

US, UK and Australia move to track ‘emerging threats’ in space (18 hours old)

Aukus security pact formed to counter advances by China will also boost autonomous naval systems

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Business | The Guardian

Are young people poised to slam the brake on endless economic growth? (5 hours old)

The climate and cost of living crises make belief in expanding GDPs look as stale as last year’s mince pies. But when central governments rely on consumerism to shore up spending, it will be hard for ‘degrowth’ to gain any tractionWhen Kat Butler made her first post-lockdown trip to the high street in 2021, she found herself staring, disorientated, at the aisles of clothes in the Perth branch of Mountain Warehouse. “There was just rails and rails of stuff,” she says.Before the pandemic, Butler, 36, a freelance graphic designer, had enjoyed browsing clothes shops, touching the fabrics and inspe[...]

Rail strikes: passengers face weekend of disruption in England (13 hours old)

No trains will run on East Midlands and LNER services from London to Scotland will have a limited serviceRail passengers face severe disruption this weekend as two 24-hour strikes by train drivers from different companies halt many long-distance routes.Saturday’s strikes by members of the Aslef union at LNER and East Midlands kick off a series of similar actions running until Friday, while an overtime ban across all operators in England will also hit services nationwide until next weekend. The action will also affect some cross-border services into Scotland and Wales. Continue reading...

Digital pound should not be considered until risks addressed, MPs warn (11 hours old)

Treasury select committee highlights concerns over data privacy and increased possibility of bank runsThe idea of creating a digital pound should not even be considered until the UK government and Bank of England address concerns over data privacy and the increased risk of bank runs, a parliamentary committee has warned.MPs on the Treasury select committee said that while it was true that the rollout of a central bank digital currency could trigger fresh innovation and competition in the payments sector, serious questions remained about whether the positive effects outweighed the risks and cos[...]

‘I’ll have a Greggs benedict’: baker brings fine dining to Fenwick bistro in Newcastle (10 hours old)

Fans of steak bakes and sausage rolls enjoy ‘posh Greggs’ experience at Parisian-inspired pop-up “It’s Geordie but a little bit posh,” whispered Vicki Steele as she prepared to look at the menu of Newcastle’s newest bistro. “We do exist, there’s just not many of us. In fact I’m not even a posh Geordie but she is,” she said, pointing to her sister.Steele is an early customer at a pop-up Parisian-inspired fine dining experience – Bistro Greggs in the city’s historic Fenwick department store. Continue reading...

UK economy shows signs of steadying amid pause in interest rate rises (1 day old)

Modest fall in mortgage costs and rising manufacturer confidence fuel hopes that UK is ‘turning the corner’UK house prices rise for third straight month as mortgage rates fallThe UK economy is showing signs of beginning to stabilise from the economic slowdown triggered by soaring inflation and ever-higher interest rates, amid hopes that a peak in borrowing costs has been reached.Figures on the housing market and manufacturing on Friday showed steadying levels of activity, amid a modest decline in mortgage costs for households and rising confidence among industrial firms. Continue reading...

UK insurance: ‘My parents paid thousands to protect obsolete products’ (11 hours old)

One family paid for 20 years to insure a Sky TV box that was phased out in 2016 because of auto-renewHow would you feel if you discovered your elderly parents had paid the equivalent of £5,000 over the past 20 years to insure a Sky set-top box that became obsolete in 2016?Just ask Neil Allcock, who recently found out that his father had paid Domestic & General £300 this year to cover electrical products that are either no longer offered, or are worth next to nothing. Continue reading...

Low UK potato harvests raise fears about Christmas supplies (1 day old)

Experts say supermarkets may have to rely on imports from as far afield as Egypt, pushing up environmental impactUK farmers are struggling with one of the lowest potato harvests on record after an autumn of heavy rain, raising fears about supplies for this year’s Christmas dinners.Experts are warning that supermarkets could be forced to turn to imports from as far afield as Egypt to fill potential gaps on shelves, pushing up the environmental impact of the festive meal. Continue reading...

‘It’s extortionate’: a mother’s struggle to afford rising price of baby formula (1 day old)

Lone parent Rebecca Anderson feels women in UK who do not breastfeed are being penalised after 25% price riseIceland boss hits out at parent ‘exploitation’ in baby milk marketRebecca Anderson, 37, knows how it feels to be on the sharp end of baby formula price rises. A civil servant and lone parent in Middlesbrough, Anderson has noticed the price tag on the formula she feeds her 10-month-old son has been rising since he was born, reaching £13.50 in Tesco and Morrisons. According to the price comparison site Which?, the retail price of HiPP Organic 1 First Milk Powder (800g) rose by 12.9% in th[...]

If taxing the rich is so fraught, maybe we need a rethink | Phillip Inman (5 hours old)

The cost of government is rising, yet raising taxes is bad politics. From productivity to ‘degrowth’, the left ought to get behind the more radical approachesTaxing the better-off is not going to be easy. For one thing, no one can agree on how to go about it. Thinktanks have put forward various proposals, usually targeting individual wealth.Voices across the political spectrum agree with the need for such a move. Free-market economists are just as worried about the excessive accumulation of personal capital as those on the left. Continue reading...

Alistair Darling was a rare exception: a politician who quietly got things done (2 days old [30/11/23])

As chancellor during the financial crisis he showed great wisdom and courage, and he played a huge part in keeping the UK intact in the Scottish referendumFormer chancellor Alistair Darling dies aged 70How underrated chancellor Alistair Darling helped weather financial crisisThe news of Alistair Darling’s death on Thursday came as a terrible shock to us all. A statesman of unimpeachable integrity and a man driven by a deep sense of social justice, twice in his career he stepped up when his country needed him and demonstrated a level of wisdom, courage and calmness that is granted to only the m[...]

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2023

Telecoms

US telcos: distant cash flows from fibre are uncertain (9 days old [22/11/23])

Groups needing to spend tens of billions of dollars on broadband lines are in an awkward position

Altice sells chunk of data centre business to Morgan Stanley (11 days old [21/11/23])

Telecoms group owned by Franco-Israeli billionaire Patrick Drahi seeks ways to cut $60bn debt pile

BT in talks to buy smartphone reseller musicMagpie (12 days old [20/11/23])

Potential deal sends Aim-listed company's shares soaring and marks deeper push by telecoms group into retail

Norway’s Telenor tops telecoms diversity table (16 days old [16/11/23])

Company’s efforts gain recognition on a wide stage

BT/pensions: less is more for telecoms company’s obligation (18 days old [14/11/23])

The arcane world of pension valuations could be set to move into the spotlight

BT Group raises prospect of pension refund after scheme deficit halves  (18 days old [14/11/23])

One of UK’s biggest retirement plans has been boosted by higher interest rates

Vodafone returns to growth in Germany (18 days old [14/11/23])

UK telecoms group reports 1.1% uptick in revenue in its biggest market

Telecom Italia boss defends KKR deal as only way to secure group’s future (21 days old [11/11/23])

Board accepted €22bn offer for fixed-line phone and internet network despite objections from biggest shareholder Vivendi

Google and prominent telecom groups urge Brussels to act over Apple’s iMessage (24 days old [08/11/23])

Companies want chat app designated a ‘core’ service that would require it to be fully compatible with rivals

Telecom Italia: good deal was arrived at through flawed process (26 days old [06/11/23])

By accepting an offer without putting it to shareholders, TI is storing up trouble

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Technology sector

Nvidia played its way to the domination of AI (1 day old)

Games were at the cutting edge of computing long before machine learning

Charlie Munger and the Magnificent Seven (1 day old)

Warren Buffett’s confidant would urge investors to focus on big tech’s fundamentals

X ramps up new advertising strategy following Musk’s tirade (1 day old)

Social media site accelerates plan to attract small businesses as billionaire owner battles big brands

PDD/Alibaba: nimble rival catches up with Jack Ma’s behemoth (1 day old)

Temu owner’s global strategy has paid off

US judge blocks first-ever state ban on TikTok  (1 day old)

Decision finds lawmakers over-reached with statewide prohibition on downloads

Musk/X: one-man band will face wrath of stakeholders he dismissed (2 days old [30/11/23])

Internal equity valuation of $19bn in October would be vastly lower today

ASML chief Wennink to step down (2 days old [30/11/23])

Dutch chip company appoints Christophe Fouquet as successor

PDD rattles Alibaba and ByteDance slashes games (2 days old [30/11/23])

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

How Huawei surprised the US with a cutting-edge chip made in China (2 days old [30/11/23])

The inside story of how the country’s flagship tech company kept its edge in the semiconductor war despite sanctions

Microsoft will have observer role on OpenAI’s new board (2 days old [30/11/23])

Key investor in generative AI start-up seeks to strengthen corporate governance after week of tumult

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

BBC News - Business

Digital pound plans should proceed with caution, say MPs (18 hours old)

The benefits of a digital pound are unclear but the government should keep exploring it, say MPs.

Three network down for tens of thousands across UK (1 day old)

The network says it is working on the issue to fix it as soon as possible.

Train strikes: Drivers vote to continue walkouts (1 day old)

Aslef members back walkouts for the next six months, as the union begins nine days of action.

Bank branch closures hits Prime Minister Rishi Sunak's constituency (1 day old)

The last bank in Richmond, North Yorkshire, is one of 18 branch closures announced by Barclays.

House prices edge up as hopes rise of lower mortgage rates (1 day old)

The Nationwide says there are "encouraging signs" that mortgage rates are starting to come down.

Energy saving scheme: What is the Demand Flexibility Service? (1 day old)

A scheme to reward people for cutting back on electricity use is running for a second day this week.

US aims to limit China's role in electric cars (23 hours old)

The US unveils rules aimed at keeping Chinese components out of electric cars sold in the country.

Sir James Dyson loses libel claim against Daily Mirror publisher (1 day old)

The inventor was suing the newspaper for libel over an article published in January 2022.

Wilko: First new stores reopen in Devon (1 day old)

The branches are the first to be introduced nationally following the chain's collapse in August.

Train strikes: When are the walkouts in December? (1 day old)

Train drivers are holding rolling walkouts in December in a long-running row over pay and conditions.

Copyright: (C) British Broadcasting Corporation, see http://news.bbc.co.uk/2/hi/help/rss/4498287.stm for terms and conditions of reuse.

UK equities

When yesterday’s company heroes move into recovery mode (1 day old)

Spotting the turn of a group’s fortunes can bring outstanding returns for investors

Take NatWest shares into Britain’s classrooms (3 days old [29/11/23])

A golden opportunity for the government to boost youngsters’ financial education

What the London Stock Exchange really trades (8 days old [23/11/23])

The LSE has become a data merchant. Do its listings still matter?

A Brit Isa won’t reconnect the market to the masses (12 days old [20/11/23])

Idea has some merits but seems unlikely to noticeably swell the ranks of plucky British retail investors

Hedge fund Qube denies making £670mn short bet against HSBC (14 days old [17/11/23])

Firm declared position in filing to Financial Conduct Authority but subsequently blamed a technical error

UK stocks: the discount that disappears on closer inspection (38 days old [25/10/23])

Analysis suggests City declinism has been inspired by comparing British apples with American pears

Four months in the life of a London IPO (39 days old [24/10/23])

CABtastrophe

Western graphite producers’ shares soar after Beijing announces export curbs (40 days old [23/10/23])

China is the world’s largest producer of the material critical to electric car batteries

The strange death of corporate Britain (48 days old [15/10/23])

Pension and insurance companies have dumped UK equities, reducing the ability of companies to raise capital and expand

Why investors should hold companies burning cash (59 days old [04/10/23])

Those seeking only groups with strong cash flows have missed out, as Rolls-Royce’s share register shows

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Opinion

Carbon counter: the dark side of skiers’ journey to the white slopes (12 hours old)

A hefty carbon footprint for a skiing holiday

Why politicians in your inbox are not a bad thing (13 hours old)

New proposals to allow unsolicited political texts and emails could be important for national awareness

For women in wine, things are not getting better (13 hours old)

A new survey reveals just how little impact #MeToo had on the industry

The untimely death of the funeral  (13 hours old)

The rise of direct cremations might save money, but what would mourners lose?

Sustainability is real and smart investors know it (13 hours old)

It still matters if companies pollute our waterways, exploit their workers or poison their customers

‘The Rest Is . . .’  taking over the world (20 hours old)

Gary Lineker’s podcasting empire is expanding — but how much banter can we handle?

Make your own Parthenon marbles (20 hours old)

There is no argument for keeping these sculptures in Britain indefinitely — but surely technology can provide a solution to the issue of repatriation

Investor love-in with bonds revives after rocky times (22 hours old)

The market consensus has flipped once again, now to a widespread expectation that rates are easing

Should we believe Americans when they say the economy is bad? (22 hours old)

In an increasingly polarised and performative society, vibes are now often trumping objective reality

Bank of Montreal: US expansion hits bad timing (1 day old)

Investors should take heart from the cost savings now expected from the Bank of the West acquisition

© Copyright The Financial Times Ltd 2023. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Ipswich