Several landmark climate initiatives have been passed since 2021, injecting trillions into the US economy. Even though it has been less than a month since the Inflation Reduction Act was signed into law, we already see some of the powerful effects rippling across the economy. President Biden ran for office on the idea that climate
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Sollina Images | Tetra Images | Getty Images Despite falling gas prices, inflation was higher than expected in August, curbing optimism for lower day-to-day expenses. But some retirees won’t feel the sting of elevated costs, experts say. Annual inflation rose by 8.3% in August, fueled by growing costs for food, shelter and medical care services,
A trader works at the New York Stock Exchange NYSE in New York, on Aug. 26, 2022. Xinhua News Agency | Getty Images The six largest U.S. tech companies lost more than $500 billion in value Tuesday after an unexpectedly high August inflation report sent tech stocks tumbling. The consumer price index was up 0.1%
The King will be joined by both his sons as he walks behind the Queen’s coffin from Buckingham Palace. The King, the Prince of Wales and the Duke of Sussex will follow the coffin on foot as it makes its journey to Westminster Hall for the lying in state from Wednesday afternoon. The Duke of
The route for people queuing to see the Queen lying in state at Westminster Hall has now been revealed by the government. The line will start on the Albert Embankment, next to Lambeth Bridge, before snaking down the River Thames to Southwark Park – a distance of more than four-and-a-half miles. Members of the public
The rate of inflation eased slightly to 9.9% in the 12 months to August, aided by a fall in fuel costs. The Office for National Statistics said that the fall in fuel prices was the main factor in the fall from the 10.1% CPI seen in July. The rise in food prices has been the
UK price rises slowed in August compared to July, but are still at the highest rates in more than 40 years. However, they are slow in comparison to some other parts of Europe. In the UK there are several inflationary issues to contend with – a weak pound, low unemployment, an increasingly cashless society and
Center Parcs has U-turned on plans to ask customers to leave just for the day when it closes its five UK sites for the Queen’s funeral after a backlash. Complaints started to flood in via its social media pages after the company said it would shut sites from 10am on the day to allow staff
India’s first human space-flight mission, Gaganyaan, is expected to launch in 2024, Union Minister Jitendra Singh said recently. The government had planned the space flight for 2021, but the schedule got delayed due to the COVID-19 pandemic. The first test-flight will be followed by a female-looking spacefaring humanoid robot. The Indian Air Force (IAF) has
French New Wave director Jean-Luc Godard has died at the age of 91. Dubbed the “enfant terrible” of the French New Wave due to his provocative work, Godard revolutionised popular cinema in 1960 with his debut feature Breathless. The film, titled A bout de souffle in French, made stars of its lead actors Jean Seberg
Ukraine’s military has a chance of removing Russian troops from all the territory they have claimed since February, a senior military analyst has told Sky News. Professor Michael Clarke said such a development would be a “huge victory” – adding that while recent gains in Kharkiv are important, retaking Kherson in the south would be
A Tesla executive has hinted at the automaker offering cheaper electric cars ahead of launching its robotaxi service. Tesla CEO Elon Musk recently said that he was “embarrassed” by how expensive the automaker’s electric cars are at the moment. With inflation, the rising cost of battery materials, and strong demand, Tesla’s prices went up significantly
An MP who travelled between London and Scotland in 2020 in breach of COVID rules has been told by a court to undertake a 270-hour community payback order. Last month, in a hearing at Glasgow Sheriff Court, Scottish MP Margaret Ferrier admitted that she culpably and recklessly exposed the public to risk of COVID-19 infection.
Hundreds of businesses are urging the chancellor to offer details about the support they’ll receive with their energy bills. The letter to Kwasi Kwarteng was signed by 300 companies and written by Kate Nicholls, the CEO of UK Hospitality. It reads: “We welcome the support that has been given to households – including our customers
Blue Origin rocket has failed mid-flight, a day after its lift-off. This has caused the rocket to abort its cargo capsule to safety before crashing into the Texas desert. The rocket aimed to send NASA-funded experiments and other payloads to the edge of the space. The booster crashed within the designated hazard area. The rocket
Succession has triumphed as the big winner of the 2022 Emmys, with the show’s creator Jesse Armstrong using the platform to criticise the hereditary monarchy and make a joke at the new King’s expense. Accepting the prestigious best drama award – the final gong of the night – Armstrong referenced the death of the Queen
4:44 PM ET Tim BontempsESPN The Minnesota Timberwolves said in a statement Monday they were “disappointed” in guard Anthony Edwards for anti-gay comments he made in an Instagram video over the weekend. “We are disappointed in the language and actions Anthony Edwards displayed on social media,” the team said in a statement attributed to team
Tesla has access to all the battery cells it needs for the first time, according to Martin Viecha, the vice president of investor relations at Tesla. If you have been following Tesla for a long time, there’s a term you should be extremely familiar with by now: production constrained. For years now, Tesla has been
The U.K.’s newly elected prime minister Liz Truss is expected to announce a multi-billion-pound stimulus package to help people with soaring energy prices. Carl Court / Staff / Getty Images LONDON — The U.K.’s new Prime Minister Liz Truss is set to announce a package worth tens of billions of pounds to help people to
A worker sorts out parcels in the outbound dock at Amazon fulfillment center in Eastvale, California on Tuesday, Aug. 31, 2021. Watchara Phomicinda | MediaNews Group | The Riverside Press-Enterprise via Getty Images Amazon‘s top executive overseeing workplace health and safety is leaving the company next month, CNBC has learned. Heather MacDougall, who joined Amazon