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Finance

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Finance

What’s the point? Ten years after the Paris treaty, are climate talks getting anywhere?

Its key temperature goal has been missed but experts say the agreement is still proving a vital moral compass for progress It was a curious way of conducting negotiations. Ahead of the 2025 climate summit, in the Amazonian port of Belém last year, the Brazilian hosts had taken off the table the issue that most had assumed would be at its heart: concrete plans from each country laying out exactly what they would be doing to cut their greenhouse gas emissions. Brazil was insisting, instead, that these plans – the bedrock of the Paris agreement – were the business of national governments and not

The Guardian
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Finance

The Guardian view on the AI backlash: American voters want a say in their future | Editorial

Tech stocks have lost trillions while voters have rejected the industry’s political champions. The billionaire-led boom is facing a democratic reckoning This week’s midterms showed that the political bill for the AI boom is falling due. The Democratic sweep intensified fears over runaway spending, mounting debt and resistance to datacentres, sending tech shares tumbling. On Thursday Wall Street suffered its worst day since the pandemic as $3.2tn was wiped from markets. Anthropic, developer of the Claude chatbot, is hoping to float within the next fortnight for $1.5tn (£1.1tn), but it may not n

The Guardian
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Finance

Further bomb threats disrupt at least another 18 flights across Europe

Media organisations in Ireland and UK also affected as apparently coordinated effort to cause chaos continues A fresh wave of bomb threats disrupted air traffic across Europe on Friday but the affected aircraft landed safely and searches revealed no explosive devices. The latest alerts affected at least 18 flights to or from Bulgaria, Cyprus, Czechia, France, Hungary, Italy, Portugal, Romania and the UK. Continue reading...

The Guardian
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Finance

UK dairy farmers face further pressure as milk processor cuts prices

Freshways lowers price paid to producers by 7p a litre, prompting warnings confidence in the sector is ‘at rock bottom’ “Milk is leaving the farm at a loss,” says dairy farmer Ian Harvey, as he warns confidence in the sector is “at rock bottom”. Most of the UK’s dairy producers were already being paid less for their milk than it costs to produce it after a year of volatile farmgate milk prices, combined with the impact of the summer’s drought and soaring costs of vital fuel and fertiliser triggered by the conflict in Iran. Continue reading...

The Guardian
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Finance

US tech stock rout: is the AI bubble bursting?

After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown? Global financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections. This is not the first time stock markets have wobbled in recent months due to concerns over a tech bubble. But could this volatility be the start of a huge market meltdown? Continue reading...

The Guardian
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Finance

EU charges TikTok with failing to protect users’ mental health

Regulator’s initial ruling says algorithm ‘can be harmful’ and led young and vulnerable viewers ‘down rabbit holes they can’t easily escape’ TikTok has been charged by the European Commission with failing to protect users’ mental health by exposing them to a relentless stream of content that risks worsening eating disorders and anxiety in a case that strikes at its business model. Issuing a preliminary ruling on Friday, the EU regulator said TikTok’s algorithm “can be harmful” and was leading young and vulnerable users “down rabbit holes they cannot easily escape from”. Continue reading...

The Guardian
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Finance

UK house prices fall at steepest rate in more than three years

October drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit market UK house prices fell at the steepest rate in more than three years in October, marking the fourth consecutive monthly decline, as high mortgage rates hit the housing market. The average price of a typical UK property stood at £296,285 last month as prices unexpectedly dropped 0.6% compared with September, the steepest fall since the lender Lloyds recorded a 1.6% drop in August 2023. Continue reading...

The Guardian
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Finance

Tesla to wind down Cybertruck production as Elon Musk focuses on robotics and AI

Decision made in order for factory in Texas to be used for Cybercab, the carmaker’s self-driving taxi Elon Musk has announced that Tesla will wind down production of its Cybertruck, marking the end of a failed effort to take a chunk of the lucrative market for pickups in the US. The billionaire chief executive said production of the car would stop in about the middle of next year at the company’s factory in Texas in order to use the plant for the Cybercab, its self-driving taxi. Continue reading...

The Guardian
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Finance

Dream ticket? Super-rich can sleep pretty with Singapore Airlines ‘largest double bed in the sky’

Cabin upgrade comes as airlines compete for wealthy customers in race to the top of luxury travel Singapore Airlines has said it will offer the “largest double bed in the sky” as part of a S$2bn (£1.2bn) cabin upgrade as super-rich passengers demand ever greater levels of luxury travel. The first-class premium cabins will feature what the airline claims is “the largest double bed in commercial aviation”. Continue reading...

The Guardian
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Finance

Why gold prices are surprisingly low

Gold tends to go up when there's uncertainty in the economy. For a while, the price reflected that. But this week, it dropped from a nearly $5,600 in January to below $4,000. What's going on?

NPR
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