Newsletter Sep 28, 2023

UK Approves New North Sea Oil Production, Angering Green Groups

Britain on Wednesday authorised oil and gas production in its largest undeveloped field to bolster its energy security, one week after the government diluted its net zero targets, triggering further condemnation by environmentalists.

Oil Prices Finish At Highest Level In A Year

US oil prices closed at their highest level in more than a year Wednesday on a mixed day for global equities as the dollar continued its upward climb.

JP Morgan Chase Bank To Ban Crypto Payments From Next Month

The UK bank is bringing a ban on cryptocurrency purchases due to an "increase in fraud and scams related to crypto assets".

UK Government Approves £8 Billion Rosebank Development to Boost Energy Security and Economy

The approval of the Rosebank development follows an extensive regulatory process, including a detailed environmental impact assessment and public consultation. All new projects, including Rosebank, align with the natural decline of the North Sea basin.

Indonesia Bans Goods Transactions On Social Media Platforms

Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses.

New Student Finance Law Open the Doors of Lifelong Upskilling for Employability

The UK government has passed a new student finance law keeping in mind the burden of student loans and the necessity of constant upskilling in the current job market.

General Motors and Ford Could Go Bankrupt If They Fulfil Striking Workers' Demands: Musk

The union workers have been on strike in Michigan, Ohio, and Missouri demanding better wages.

Youth Bring Climate Case To Europe Rights Court

The European Court of Human Rights (ECHR) on Wednesday began hearing a case brought by six Portuguese youths against 32 nations for not doing enough to stop global warming, the latest bid to secure climate justice through the courts.

Decarbonising Shipping To Cost Over $100 Bn Per Year: UN

The UN called for rapid decarbonisation of the shipping industry on Wednesday, warning that the price tag could top $100 billion a year as the sector's emissions continue to swell.

Almost 50,000 Nagorno-Karabakh Refugees Have Fled To Armenia

The Karabakh Army agreed to surrender after Azerbaijan launched a 24-hour "anti-terror" military offensive. As a result, ethnic Armenians are fleeing the region.

Analysis Reveals Potential £15 billion Annual Loss if Inheritance Tax is Scrapped by 2032

While London has the highest number of estates subject to the tax, regions such as Sussex, the Cotswolds, and areas around Birmingham are expected to have the highest number of taxable estates per 100,000 residences.

Over 4,000 UK Homes To Get Better Heating Through £13.9 Million Heat Networks Upgradation Plan

A reported 55 heat networks across the country are being upgraded so that thousands of old and inefficient heating systems in UK homes get lower energy bills ahead of the winter.

Poland Seeks Extradition Of Nazi War Veteran Praised In Canadian Parliament

Poland's education minister, in a statement issued on Tuesday, said that he has "taken steps" to seek the extradition of Hunka.

AI Chip Crunch: Startups Vie For Nvidia's Vital Component

The artificial intelligence revolution is fully underway, but soaring demand for its most crucial component has startups scratching their heads on how they can deliver on AI's promise.

Microsoft Adds 3 New Plugins To Bing Chat's Pane, Here's Who Can Access Them

The recently spotted feature is currently limited to Edge Canary users and is still in A/B testing.

Google Celebrates 25th Birthday, Launching New Doodle to Honour Evolution of Iconic Logo

The search engine, which boasts over 4.3 billion users worldwide, was founded by two students at Stamford University on September 27, 1998.

ChatGPT Maker Value Rockets In Funding Talks: Report

The value placed on startup OpenAI has rocketed to between $80 billion and $90 billion in talks with potential investors, the Wall Street Journal reported on Tuesday.