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Ed Miliband rejects £24bn plan to bring power from Morocco to UK
**Ed Miliband Rejects £24 Billion UK-Morocco Energy Link in Major Policy Shift** Energy Secretary Ed Miliband has rejected a £24 billion proposal to import renewable electricity from Morocco to the United Kingdom via a record-breaking subsea cable. The ambitious Morocco-UK Power Project, led by British energy firm Xlinks, had aimed to provide up to 8% of Britain’s electricity needs by transporting solar and wind power from the Sahara Desert to the Devon coast.
By GLOBAL NEWS7 months ago in Humans
Starmer faces growing Labour rebellion over welfare cuts
Starmer is confronted with a growing labor revolt over welfare cuts. Labour leader Sir Keir Starmer is facing increasing pressure from within his own party as a growing number of Labour MPs voice opposition to his stance on welfare cuts. Within a few weeks of Labour's historic victory in the general election, the internal rebellion has revealed deep divisions within the party. Starmer's decision to maintain some welfare restrictions imposed by the previous Conservative government, particularly the two-child benefit cap, is at the heart of the dissent. Despite pre-election hopes that a Labour government would reverse the policy—seen by critics as punitive and harmful to low-income families—Starmer has signalled there will be no immediate change.
By GLOBAL NEWS7 months ago in Humans
Iran conflict: What is the impact on British citizens travelling abroad?
**The Iran Conflict and Its Ripples: Impacts on British Travellers** Tensions in the Middle East—particularly intensified activity in and around Iran—are sending shockwaves through international travel. For British citizens abroad or planning to travel, the evolving situation brings a variety of logistical, safety, and financial challenges.
By GLOBAL NEWS7 months ago in Serve
Oil price jumps after US strikes Iran
"A Deep Dive into Global Energy Markets": "Oil Price Jumps After US Strikes Iran" In a move that has sent shockwaves through global markets, the price of crude oil spiked following a series of military strikes carried out by the United States against Iranian targets. The escalation of tensions between two of the world's most influential oil-producing nations has led to uncertainty in the energy sector, with far-reaching implications for both oil prices and the broader geopolitical landscape.
By GLOBAL NEWS7 months ago in The Swamp
Rolls-Royce has been fixed and is now going on the attack
### Rolls-Royce: A Return to Form and Aggressive Expansion in the Luxury Automobile Market Rolls-Royce has long been synonymous with luxury, craftsmanship, and refinement in the automotive industry. Known for producing some of the most opulent and technologically advanced vehicles in the world, the brand’s name evokes images of regal elegance and unparalleled performance. However, in recent years, Rolls-Royce faced challenges in maintaining its position at the forefront of the ultra-luxury automotive market. After a period of restructuring and strategic recalibration, Rolls-Royce has emerged from these difficulties stronger and more determined than ever to assert its dominance in the global automotive landscape. The company is now embarking on an aggressive strategy aimed at furthering its market position, innovating its product lineup, and expanding its presence in emerging markets.
By GLOBAL NEWS7 months ago in Trader
Data breach compilation lists 16 billion compromised passwords
**Data Breach Compilation Lists 16 Billion Compromised Passwords** In an alarming development for cybersecurity experts and everyday internet users alike, a massive compilation of over **16 billion compromised credentials** has been discovered circulating on hacker forums and darknet marketplaces. One of the largest known password caches, this cache serves as a stark reminder of the growing threats of the digital age and the urgent need for stronger security measures for both individuals and businesses. ### The Discovery
By GLOBAL NEWS7 months ago in Lifehack
Trump says he 'may or may not' strike Iran as US evacuates diplomats from Israel
**Trump Says He 'May or May Not' Strike Iran Despite the US Evacuation of Israeli Diplomats** With a cryptic statement that he "may or may not" authorize military action against Iran, former President Donald Trump has once more stoked global tensions. The ambiguous remark came amid heightened geopolitical instability in the Middle East and coincided with reports that the United States has begun evacuating diplomatic personnel from Israel due to escalating security threats.
By GLOBAL NEWS7 months ago in Criminal
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars 5% As Trump Demands Iran’s Surrender.
**Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars 5% As Trump Demands Iran’s Surrender** Oil prices skyrocketed by more than 5% as Middle Eastern geopolitical tensions escalated, causing a significant shift in global energy markets. The dramatic rise was as a result of the former U.S. President Donald Trump’s strong rhetoric against Iran, demanding what he called the regime’s “complete and unconditional surrender.” West Texas Intermediate (WTI) and Brent crude prices shot up as traders quickly reacted to the news, reviving the debate about supply risks and long-term price stability. WTI crude oil prices surged past the \$81 per barrel mark, while Brent crude crossed \$85, marking one of the most significant single-day increases in recent months. Natural gas also rose by nearly 2%, though it did so at a slower rate than the oil benchmarks. Geopolitical risk premiums were largely responsible for the rally because market participants had priced in the possibility of oil flows from the region being disrupted. Iran is an important OPEC member that has a lot of influence over the Strait of Hormuz, which is a crucial chokepoint for shipping oil around the world. Trump’s remarks, made during a press event and widely broadcast across global media, sent a clear message to Tehran. Framing Iran as a destabilizing force, he called for the international community to back what he termed a final effort to "remove the threat of terrorism and nuclear ambition from the region." Even though Trump is not in office right now, his statements are important, especially to right-wing leaders and Washington policymakers. As the 2024 U.S. presidential election cycle continues, energy traders are increasingly paying attention to how foreign policy rhetoric might influence market behavior.
By GLOBAL NEWS7 months ago in History
Donald Trump signs executive order to implement US-UK trade deal
Trump signs an executive order to implement the US-UK trade agreement. A significant shift in international trade relations saw the former U.S. A new trade agreement between the United States and the United Kingdom has been put into effect by an executive order signed by President Donald Trump. After the United Kingdom leaves the European Union, the agreement, which has been in the works for years, is expected to reshape bilateral trade ties. The move by Trump signifies a return to assertive executive action in trade policy and a significant turning point in the economic landscape following Brexit. The executive order, signed during a formal ceremony attended by former administration officials, business leaders, and British dignitaries, outlines the framework for immediate implementation of key provisions within the US-UK trade agreement. The order directs the relevant federal agencies in the United States to begin implementing regulatory changes that are in line with the terms of the agreement. These changes include lowering tariffs, expanding access for British and American businesses to each other's markets, and mutual recognition of standards. Trump describes the trade agreement as "a victory for American workers, farmers, and entrepreneurs" and "a historic moment for two great nations." Trump praised the UK as a close ally and "natural partner" in his remarks, highlighting their shared values and long-standing relationship. He claimed the deal would "create thousands of jobs and strengthen our economies on both sides of the Atlantic."
By GLOBAL NEWS7 months ago in Earth
Oil price rise risks adverse shock to global economy business live
The global economy may be adversely affected by the rise in oil prices. Economists, policymakers, and financial markets have been concerned about the potential for economic disruptions as a result of energy cost inflation since the recent rise in global oil prices. The threat of a new negative shock to the global economy, which could derail the fragile recovery from the pandemic and exacerbate inflationary pressures in both developed and emerging markets, looms large as oil continues to trade above $90 per barrel. Oil prices are expected to rise in 2025 as a result of a number of factors. The ongoing tensions in the Middle East and supply disruptions in nations such as Venezuela and Libya are key examples of geopolitical instability. Crude benchmarks have risen as a result of tightening global supply caused by these developments. Simultaneously, strong demand from growing Asian economies, particularly China and India, has placed additional upward pressure on prices, as industrial production and transportation fuel consumption rebound.
By GLOBAL NEWS7 months ago in History
Bitcoin vs Open Interest Should traders be worried by THIS divergence
The price action of Bitcoin has recently been scrutinized, but savvy traders are also paying attention to something even more telling: a significant divergence between open interest in Bitcoin and its price. The derivatives market may be sending a cautious signal while the spot market maintains its optimism. Analysts are concerned about this divergence, which raises the question of whether traders should be concerned. Understanding what open interest actually entails is essential before delving into its ramifications. The total number of unresolved derivative contracts in the futures and options markets is referred to as open interest. It shows how much activity and participation there is in the market. An increase in open interest typically suggests that new money is flowing into the market, which can reinforce a trend. A decline could indicate that traders are closing positions, which could indicate indecisiveness or exhaustion of the trend. The price of Bitcoin has been either steady or showing signs of rising, hovering in bullish territory above key support levels in recent weeks. However, open interest in Bitcoin futures has not followed suit. In fact, in several instances, open interest has dropped or stagnated while prices climbed—a classic divergence.
By GLOBAL NEWS7 months ago in The Swamp
Altcoin season could be near: Why June can see a 2021-style rally
**Altcoin Season Could Be Near: Why June Can See a 2021-Style Rally** Numerous analysts and investors are beginning to speculate that an altcoin season may be just around the corner as the cryptocurrency market continues to show signs of recovery. The month of June, historically a favorable period for crypto rallies, is shaping up to potentially mirror the explosive growth seen in 2021. The stage may be set for altcoins to take the lead as Bitcoin's strength and dominance plateau. ### What Is the Season for Altcoins? Altcoin season, or "alt season," refers to a period when alternative cryptocurrencies—those other than Bitcoin—outperform the leading digital asset. During this phase, investors rotate capital from Bitcoin into smaller market cap assets in pursuit of higher gains. This is a time when tokens like Ethereum, Solana, Cardano, and a number of smaller-cap projects saw huge returns in a short amount of time. Typically, altcoin seasons follow a strong Bitcoin rally as market participants look for the “next big thing.”
By GLOBAL NEWS7 months ago in The Swamp
