9 d. ago Missing 1.5C climate target is a moral failure, UN chief tells Cop30 summit

UN secretary general António Guterres urges opening session in Brazil to bring about a ‘fundamental paradigm shift’Triple-whammy of hottest ever years risks ‘irreversible damage’, says UNThe failure to limit global heating to 1.5C is a “moral failure and deadly negligence”, the UN secretary general has said at the opening session of the Cop30 climate summit in the Brazilian city of Belém.António Guterres said even a temporary overshoot could “unleash far greater destruction and costs for every nation. It could push ecosystems past catastrophic and irreversible tipping points, expose billions to unliveable conditions, and amplify threats to peace and security”. Continue reading...

Events

1 week ago Canada’s Liberal party says budget of ‘sacrifice’ needed to avoid recession

Country set to unveil PM Mark Carney’s spending plan as it battles trade war with US and protracted cost of living crisisCanada’s ruling Liberal party has said a budget of “sacrifice” is required to confront both a trade war with the US and a protracted cost of living crisis that threatens to push the country into a recession. But with opposition parties signalling they won’t support the fiscal plans of the prime minister, Mark Carney, a failed parliamentary vote on the budget could plunge the country into another federal election in the coming weeks.The country’s finance minister, François-Philippe Champagne, will on Tuesday unveil a spending plan his government has signalled will include both steep deficits and spending cuts. Few details have leaked ahead of the announcement, which will mark the first substantive look at how Carney plans to avoid a recession while locked in a trade war with the US, Canada’s biggest economic partner. Continue reading...

Economics

2 w. ago Trump’s push to test a nuclear weapon could cost $100 million

Reviving the long-dormant testing program could take at least a year and would cost astronomical amounts

Economics

3 w. ago UK supermarkets warn business rates rise could push up food inflation

A letter to Rachel Reeves has been signed by executives including at Tesco, Sainsbury’s and Aldi.

Economics

3 w. ago UK supermarket giants join up to warn business rates rise could push up costs

The plans are set to be confirmed in next month’s autumn Budget statement

Events

3 w. ago Reeves 'coming for middle Britain's private healthcare': Chancellor's £2bn Budget tax attack on partnerships 'will push up costs outside the NHS'

Rachel Reeves is understood to be looking at targeting so-called 'Limited Liability Partnerships' as she desperately tries to bring in more cash.

Economics