Author: 5hspx
PennsylvaniaWind and solar farms ready for construction would be allowed to skip the queue to be connected to the UK's electricity system, under the Government's plans.All energy projects that require connection to the national grid are currently in a single queue which operates on a “first come, first served” basis.Some projects face wait times that stretch into the next decade to be connected.The government wants to accelerate projects that will help it meet its target of decarbonising the UK's electricity generation by 2030.Some industry sources say it would be a welcome move, but others warn there is a “real risk”…
Boohoo is considering a major restructuring that could see the struggling online fashion company sell off its brands including Debenhams, Karen Millen and PrettyLittleThing.The company said it was reviewing its options after concluding that its business remained “fundamentally undervalued.”While Boohoo benefited from the rise in online shopping during the pandemic, it then struggled against companies like China's Shein and Temu.Analysts said Boohoo was likely to focus on offloading Debenhams and Karen Millen to allow it to focus on a younger target market.“The kickoff has been given for the dissolution of Boohoo,” said Russ Mould, investment director at AJ Bell.“Selling Karen…
South Korea's intelligence agency says North Korea is set to send up to 12,000 troops to fight alongside Russia in Ukraine, which Seoul has described as a 'serious security threat' “.Ukrainian President Volodymyr Zelensky earlier said that 10,000 North Korean troops could join the war, based on intelligence information.South Korean President Yoon Suk Yeol called for a security meeting on Friday and said the international community must respond with “all available means.”This comes as evidence mounts that North Korea is supplying munitions to Russia, as recently demonstrated by the recovery of a missile in Ukraine's Poltava region.Moscow and Pyongyang have…
Getty Images“What are the signs the FBI is after you?” is one of the searches the suspected hacker made, according to court documents.A man arrested in connection with the hack of the US markets regulator's X account searched “how can I know for sure if I am under investigation by the FBI”, according to court documents.Eric Council Jr., 25, of Athens, Georgia, also allegedly looked for “signs that you are under investigation by law enforcement…even if they have not contacted”.He is accused of being part of a group that hacked the Securities and Exchange Commission's (SEC) social media channels in…
Getty ImagesYadav was charged with conspiracy to murder Gurpatwant Singh Pannun.The United States has indicted a former Indian intelligence officer for allegedly leading a foiled plot to assassinate a U.S. citizen who was defending Khalistan — an independent Sikh state carved out of India.The U.S. Attorney's Office for the Southern District of New York said Thursday it has filed “murder-for-hire and money laundering charges” against Vikash Yadav for attempting to kill Gurpatwant Singh Pannun.Yadav's indictment for the first time directly implicates the Indian government in the attempted assassination of a dissident.The Indian government said it was cooperating with the ongoing…
China's economic slowdown deepened in the three months to the end of September, as the country struggles to revive flagging growth.Gross domestic product (GDP) grew 4.6% on an annual basis, below the government's 5% annual target, according to China's National Bureau of Statistics.However, those numbers were slightly better than expected, while other numbers released Friday, including retail sales and factory production, also beat forecasts.In recent weeks, Beijing has announced a number of measures aimed at supporting growth.This is the second consecutive quarter that China's official measure of economic growth has fallen below the 5% target, which will only add to…
Billions of pounds of government borrowing could be spent on new infrastructure projects due to new self-imposed Treasury rules.The “safeguards” will allow the government to borrow to invest “more effectively in the future”, Treasury chief secretary Darren Jones said.This admission is the clearest sign, before the budget, that the government is ready to relax the budgetary rules it has imposed on public spending.However, the move comes as the government faces a backlash from ministers following spending cuts elsewhere.“Guardrails” for public spending on infrastructure are part of the government’s plan to encourage the private sector to invest in UK projects.Under the…
Getty ImagesIceland is one of the most active volcanic places in the worldI'm in one of the world's volcanic hotspots, northeast of Iceland, near Krafla Volcano.A short distance away, I can see the rim of the volcano's crater lake, while to the south, steam vents and mud pools bubble.Krafla has erupted about 30 times over the past 1,000 years, most recently in the mid-1980s.Bjorn Por Guðmundsson leads me to a grassy hill. He leads a team of international scientists who plan to drill into Krafla's magma.“We are in the place where we are going to drill,” he said.The Krafla Magma…
Fraud cases have increased by 16%, with scammers stealing more than £3million a day, according to banking industry figures.Criminals particularly targeted their victims by tricking them into their one-time access codes, trade body UK Finance said.Despite the increase in reported cases, total losses fell slightly, totaling £572 million in the first half.Banks said fraud posed a “major threat” to the UK and called for support to tackle the crime.The figures come after BBC Panorama earlier this week revealed a series of cases involving e-money company Revolut.One victim told how she lost £165,000 from her business account in one hour. Revolut…
NetflixNetflix is starting to raise its prices in some countries as growth spurred by a crackdown on password sharing begins to fade. The company told investors on Thursday that it was “working to improve our monetization by refining our plans and pricing” and had already increased prices over the past month.In Italy and Spain, hikes will begin this week. This update comes as the streaming giant announced that it added 5.1 million subscribers in the three months ended in September – the smallest number in over a year.Netflix is under pressure to show investors what will fuel growth in the…