The fusion energy industry is calling for greater political support, hopeful that a landmark breakthrough by US scientists last year has given policymakers confidence to bet on the nascent sector. Physicists have been trying to harness the fusion reaction that powers the sun for decades but, until December, no group had been able to produce
Regulators failed to anticipate the dangers that borrowing by pension schemes posed to the stability of the UK’s financial system, according to a parliamentary report into the turmoil that hit the gilt markets following Liz Truss’s disastrous “mini” Budget in September last year. Pension schemes suffered multibillion-pound losses after they were forced to sell assets
Carter G. Woodson, a historian, author, journalist and the founder of the Association for the Study of African American Life and History (ASALH), launched Negro History Week on February 7, 1926. In 1976 it became Black History Month. Woodson endeavored to showcase the accomplishments and contributions of Black Americans to American history and culture. He
Private is one word to describe Whitefish Hills, a gated community in the recreational heart of northwest Montana. Quiet another: The homes, which were built in various phases, sit on 2-, 5-, 10-, 20-, 40- and 60-acre sites. Eagles crisscross the sky above. Serene would be a third: Equestrian and walking trails weave through open
There’s no denying that global warming is one of the most pressing issues of our time and there is a booming consensus that decarbonization is the only logical way forward (after all, it was a key theme at this year’s World Economic Forum Meeting in Davos). Historically, the construction industry has not been seen as
Pension schemes that invested in liability-driven investment funds run by BlackRock and other managers are being advised to sell their holdings following last year’s gilt market turmoil. In a move expected to lead to outflows at some of the biggest asset managers, investment advisers XPS Pensions and Barnett Waddingham have cut their ratings on some
The writer is a former investment banker and author of Power Failure: The Rise and Fall of an American Icon Goldman Sachs has lost its swagger. The market value of the venerable 154-year-old investment bank, at $121bn, is now $42bn less than its longtime arch-rival Morgan Stanley. It used to be that Goldman was the
The writer is chief executive of Ark, a charity that runs a chain of state sector academies Many of us in the education world had mixed feelings during the teachers’ strike on “Walkout Wednesday”. No one wants children to be missing out on school. But equally, it is hard not to sympathise with staff who
In Maui, life revolves around the beach. The $5.5-million plantation-style residence in Wailuku on Hawaii’s second-largest island takes full advantage of its oceanfront setting. The 4.5-acre property at 490 and 497 Lilihua Place was custom-built in 2020 to maximize access and views. The beach lies right outside the backyard, a perfect location for surfing, kitesurfing,
Amazon, Meta, Alphabet and Microsoft will collectively incur more than $10bn in charges related to mass redundancies, real estate and other cost-saving measures, as the Big Tech companies reveal the hefty price they incur to rein in spending. The US companies that have been implementing the largest job cuts in the tech sector disclosed the
Hong Kong’s service sector will be the part of economy that sees “the biggest rebound” as borders reopen, UBP told CNBC’s “Squawk Box Asia” on Thursday. However, it warned that the sector is coming “from a very fragile situation,” given its contraction in every quarter of 2022. related investing news Goldman Sachs strategist reveals the
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images After a stronger start to the year, mortgage demand plunged last week, despite another drop in interest rates. Total mortgage application volume fell 9% last week compared with the previous week, according
Vodafone’s interim chief executive said the group “can do better” after it announced revenues were falling in some of its biggest markets. Margherita Della Valle, who took on the role at the start of the year, said the telecoms group had made changes to improve performance. “The recent decline in revenue in Europe shows we
The writer is a lecturer at Stanford University, former deputy secretary-general of Nato and previously the US chief negotiator on New Start The US has just declared Russia to be in non-compliance with the New Start treaty, the last remaining legally binding measure between the two countries to control nuclear arms. The issues are straightforward:
Lord Karan Bilimoria, chancellor of Birmingham University, has warned that it would be “utter madness” for ministers to try to bring down migration by cutting the number of foreign students at UK universities. Bilimoria, founder of Cobra beer and former CBI president, said he was “very concerned” by government discussions on cutting overseas student numbers:
A trader works on the floor of the New York Stock Exchange. Peter Kramer | CNBC NYSE President Lynn Martin and other exchange officials confirmed to CNBC that the root cause of the Big Board’s trading glitch at the Tuesday open was due to a manual error involving the Exchange’s Disaster Recovery configuration. After the 9/11 disaster,
The bell at the NYSE Source: NYSE The day after a major trading glitch at the New York Stock Exchange open, the NYSE has issued a statement on what happened: “The root cause was determined to be a manual error involving the Exchange’s Disaster Recovery configuration at system start of day.” That’s all they are
In this article ICE Follow your favorite stocksCREATE FREE ACCOUNT A trader works on the floor of the New York Stock Exchange. Peter Kramer | CNBC The New York Stock Exchange experienced technical issues at the open Tuesday. Dozens of stocks opened at prices well above or below their prior day closing prices. Most were halted
As Cristiano Ronaldo jogged out to the pitch for his Saudi Arabian debut last week, gilded confetti popped and swirled down on the stands. The crowd in the Riyadh stadium roared. Seconds later, when Lionel Messi emerged to face his longtime rival, they erupted. Before the players’ entrance, Turki al-Sheikh, the kingdom’s entertainment emperor, had
In April 2020 a cargo flight took off from Zhukovsky airport outside Moscow heading towards Khartoum. According to the documentation, the aircraft was carrying 28,000 kilos of Russian gingerbread cookies being flown to the Sudanese capital by an obscure company registered in St Petersburg called RN Trading. At the time, the flight passed largely unnoticed.
In this article SPY Follow your favorite stocksCREATE FREE ACCOUNT (An excerpt from the book, “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange,” by Bob Pisani.) Thirty years ago this week, State Street Global Advisors launched the Standard & Poor’s Depositary Receipt (SPY), the first