UAE oil company executives working with Cop28 team, leak reveals

Exclusive: two PR professionals from national oil firm listed as providing ‘support’ to team running UN climate summit

Senior executives from the UAE’s national oil company are working with the Cop28 team as the country ramps up its PR campaign ahead of the major UN climate summit later this year, leaked internal records show.

Two PR professionals from the Abu Dhabi National Oil Company (Adnoc) are identified as providing “additional support” to the team running the summit, according to a Cop28 communications strategy document obtained by the Centre for Climate Reporting (CCR) and the Guardian. It adds to growing evidence of blurred lines between the UAE’s Cop28 team and its fossil fuel industry.

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Warner Bros studios in Leavesden to expand, creating 4,000 UK jobs

Studios behind Harry Potter films to undergo 400,000 sq ft expansion by 2027, in boost to struggling industry

The Warner Bros studios behind the Harry Potter film series are to undergo a major expansion, creating 4,000 jobs and providing a boost to Britain’s beleaguered film and TV production industry.

The development in Hertfordshire, expected to be complete in 2027, will add 400,000 sq ft (37,000 sq metres) to Warner Bros Studios Leavesden (WBSL).

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Russia temporarily bans export of petrol and diesel to stabilise domestic market

Four ex-Soviet states excepted from ban, which has been prompted by railway bottlenecks and weak rouble

Russia has temporarily banned exports of petrol and diesel to all countries outside a circle of four ex-Soviet states with immediate effect, in order to stabilise the domestic market.

“Temporary restrictions will help saturate the fuel market, which in turn will reduce prices for consumers,” the Kremlin said in a statement.

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Rishi Sunak delays some green targets and scraps others as he reveals net zero policy shift – as it happened

PM says people to be given more time to switch gas boilers to heat pumps, and ban on sale of new petrol and diesel cars delayed

Climate scientists have expressed dismay at reports that Rishi Sunak is to row back on net zero commitments, arguing that this would be harmful not just environmentally, but economically too.

Prof Myles Allen, professor of geosystem sciences at Oxford University, said:

We haven’t heard the actual speech yet, but we all have to hope the PM is true to his word that he is looking for better ways to deliver net zero, not just slower ways. As we have found time and again in Britain, dithering costs money. The USA is seeing other countries’ faltering as an opportunity to get ahead. It will be sad indeed if we just see it as an opportunity to join the laggards.

It’s not pragmatic, it’s pathetic. This rolling back on emissions cuts for short-term political gain will undermine the transition to net zero and with it the future opportunities, prosperity and safety of the entire country.

Burning fossil fuels produces carbon dioxide which causes global warming which amplifies the consequences of extreme weather events, as we have so clearly seen this summer. Climate change will continue until we reach net zero globally, and we will then have to suffer the consequences of that warmer world for decades or more. It also matters how we reach net zero, not just when – delaying action means more emissions which means more severe consequences.

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FTX sues Sam Bankman-Fried’s parents, claiming they received millions in gifts

Lawsuit is the company’s first legal pursuit against Bankman-Fried’s parents for their role in the company

FTX is suing the parents of Sam Bankman-Fried, two longtime Stanford Law School professors, alleging that the couple inappropriately used company funds to enrich themselves through gifts and donations.

The cryptocurrency company, now operating under CEO John Jay Ray III, an expert in helping companies recover after bankruptcy, claims Joseph Bankman and Barbara Fried received funds from their son’s company in the form of gifts and donations to specific causes.

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City watchdog ex-chair says he faced ‘political pressure’ to let in crypto firms

Charles Randell says some of the exchanges the FCA was pressed to allow to trade in the UK are now being investigated in the US

The UK’s financial watchdog came under “political pressure” to welcome crypto firms into the British market, its former chairman has said.

Charles Randell, who stepped down as chairman of the Financial Conduct Authority (FCA) in the spring, said it was an example of the kind of influence that elected politicians have tried to exert on independent regulators.

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Australia news live: Victoria to spend public housing money on Carlton towers; RBA considered further rate hike

Reserve bank considered a 25 basis point hike before deciding to hold benchmark cash rate unchanged at 4.1%, minutes reveal. Follow the day’s news live

O’Neil: government response on cybercrime will not take away responsibilities of corporations to secure data

Clare O’Neil is asked whether the government is considering implementing a “safe harbour rule” like other countries have that would enable businesses to report what’s happened but then be saved from prosecution.

What’s really important to understand … is the way in which a cyber attack unfolds is quite different than other types of crime. So if you get something stolen from your house, the police can come in and you can identify the items that are gone usually pretty much immediately. Cybercrime is not like that. Often what is taken is invisible and it will take sometimes months to understand exactly what has happened.

So what what we are thinking about at the moment is how to make sure we’ve got as open disclosure as possible at the crisis point of the attack. So when we know there is an intruder on the system … we need to help companies [eject] them from the system as quickly as possible. That doesn’t take away from any responsibilities that corporations will have ultimately around the transparency of what has happened, and reporting that to government and to regulators.

We’ve got really good reason to believe that the cybersecurity environment is actually going to worsen. And I say that not to scare people, but to help them understand that we can see what is coming at us and that is why the government is so fiercely active on this issue.

What I mean by that is that cybercrime is a relatively new form of criminal activity. And I think what we’re seeing is countries around the world start to build and develop responses that will actually help us bring perpetrators to account …

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European governments shrinking railways in favour of road-building, report finds

Rail networks in most countries have been starved of funding while motorways lengthen, study shows

European governments have “systematically” shrunk their railways and starved them of funding while pouring money into expanding their road network, a report has found.

The length of motorways in Europe grew 60% between 1995 and 2020 while railways shrank 6.5%, according to research from the German thinktanks Wuppertal Institute and T3 Transportation. For every €1 governments spent building railways, they spent €1.6 building roads.

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Football fans received 11,000 gambling messages in Premier League opening weekend

Study for 5 News warns of ‘overwhelming and inescapable’ betting imagery in the game

Football fans were bombarded with 11,000 gambling messages during the opening weekend of the latest Premier League season, according to a study that warns of “overwhelming and inescapable” betting imagery in the game.

Clubs in the top flight agreed earlier this year to ban gambling firms from sponsoring the front of players’ shirts from 2025, but the research – which analysed social media posts alongside hours of TV and radio – cast doubt on the likely effect of that measure, given the saturation of football with other gambling messages.

the sheer volume of gambling messages;

social media content not clearly labelled as ads; and

insufficient safer gambling messaging.

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UK manufacturers cut hiring plans amid ‘sharp slowdown’, survey finds

Firms preparing for difficult year as ‘potent cocktail’ of difficulties takes hold, says industry lobby group

UK manufacturers are cutting their recruitment plans after being hit by a slowdown in orders as a downturn looms, a new survey shows.

Britain’s manufacturers are “battening down the hatches” amid a sharp drop in activity, according to the latest quarterly data from Make UK, which represents manufacturers, and the business advisory firm BDO.

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Proportion of UK house sellers cutting asking price reaches ‘highest in over a decade’

More than 36% of properties have had asking price cut at least once — the highest figure since 2011

UK house sellers are cutting their asking prices at the fastest rate in more than a decade, after high interest rates dampened demand for property this summer.

The proportion of homes on the market which have had at least one price reduction is at its highest level since January 2011, the property website Rightmove has reported.

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Evergrande arrests: China police detain staff at property giant’s wealth management arm

Police do not list charges against arrested workers but urge public to report any suspected fraud

Police in China have arrested several employees at a subsidiary of Evergrande, the troubled property giant that is struggling under debts running into the hundreds of billions of dollars.

Employees at Evergrande’s financial subsidiary, Evergrande Wealth Management, were arrested, police in the southern city of Shenzhen said in a statement, without specifying the number of employees or the charges against them.

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Key ‘Bidenomics’ architect calls for spending ‘race to the top’ on green tech

Biden adviser Heather Boushey urges UK and Europe to increase climate friendly investment to reboot growth

Governments around the world must drastically increase public investment in green technologies to combat global heating and drive sustainable economic growth, a top adviser to President Joe Biden has said.

Heather Boushey, a member of the White House council of economic advisers, said countries including the UK needed to ramp up green investment to reboot economic growth, boost energy security, and protect against future inflation shocks.

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Flight attendants threaten strikes over low pay and unpaid work

Alaska Airlines, American and United could all be disrupted as air crew demand fairer share of vast profits

Major US airlines have recovered from Covid-19 pandemic losses and are amassing vast profits, but amid those record-setting financial performances flight attendants are threatening strikes and calling for substantial wage increases and improvements in working conditions.

The sums of money are huge. American Airlines reported record quarterly revenue in the second quarter of 2023 at $14.1bn, United Airlines reported record revenue in the same quarter at $14.2bn and a threefold increase in profit, and Alaska Airlines also reported record revenue in the second quarter of 2023 at $2.8bn.

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UAW strike: union to resume contract negotiations on Saturday – as it happened

Plans to restart negotiations come after about 13,0000 workers walked out of three factories run by Ford, General Motors and Stellantis

As we wait for Joe Biden to deliver remarks on the UAW strikes, here is what industry experts and lawmakers are saying about the strikes, Reuters reports:

Arthur Wheaton, director of labor studies at the Cornell School of Industrial and Labor Relations says:

“It’s not a devastating hit to the communities. It’s not a devastating hit for the strike fund. It’s not a devastating hit on the balance sheet for any of the automakers but it starts to raise the stakes, which was the intent.

“I think they are making progress at the table ... the initial (automaker) offers were much lower, like 9% (wage) increases and now you’re up to 20% for increases. So that’s more than double. You’re seeing the UAW come down. You’re no longer hearing anything about the 32-hour work week from the UAW,” he added.

“This is more of a symbolic strike than an actual damaging one ... If the negotiations don’t go in a direction that [UAW President Shawn] Fain thinks is positive, we can fully expect a larger strike coming in a week or two.”

“If the strike lasts longer than three to four weeks, it will be moderately detrimental to GM and Ford’s EV strategy in 2024 ... While the Detroit stalwarts battle with the UAW, there’s a bottle of champagne that’s being iced at Tesla headquarters,” he says.

“I’m looking forward to joining our auto workers on the picket line this weekend. For the sake of Michigan’s economy and our working families, I hope this strike is short-lived ... I hope the UAW and the Big Three continue to negotiate in good faith to reach a fair agreement as quickly as possible.”

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Auto workers strike after contract talks with US car giants fail

United Auto Workers union unable to agree deal with Ford, GM and Stellantis, who have seen profits and executive pay soar

Auto workers have launched a series of strikes after their union failed to reach agreement with the US’s three largest manufacturers over a new contract, kicking off the most ambitious industrial labor action in decades.

The deadline for talks between Ford, General Motors, Stellantis and the United Auto Workers (UAW) expired at midnight on Thursday, with the sides still far apart on the union’s new contract priorities.

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TikTok fined €345m for breaking EU data law on children’s accounts

Irish data regulator says platform put 13- to 17-year-old users’ accounts on default public setting, among other breaches

TikTok has been fined €345m (£296m) for breaking EU data law in its handling of children’s accounts, including failing to shield underage users’ content from public view.

The Irish data watchdog, which regulates TikTok across the EU, said the Chinese-owned video app had committed multiple breaches of GDPR rules.

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Burney decries ‘unbelievably racist and bullying’ treatment in candid remarks to NSW premier – as it happened

This blog is now closed.

Burney says Price’s comments ‘simply wrong’

Indigenous Australians minister Linda Burney also described Jacinta Price’s comments as “simply wrong”.

It’s a real betrayal to the many families that have experienced things like Stolen Generations.

The idea that colonisation in any country ... doesn’t have long and far-reaching effects is simply wrong.

There are many people I’ve spoken to last night, this morning, that are very distressed and quite frankly, pretty disgusted. But I am going to focus on the goal here and that is a successful referendum.

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HS2 at risk of further cuts to route north of Birmingham amid budget squeeze

Fresh uncertainty for high-speed line as leak suggests Sunak and Hunt have discussed cost implications of Manchester phase

The HS2 high-speed rail line is at risk of further cuts to its route north of Birmingham as the government considers whether it can afford high-cost projects in advance of the autumn budget.

The project has been mired in fresh uncertainty after the prime minister’s spokesperson refused to guarantee on Thursday it would run to Manchester, after publication of a photographed document suggesting further cuts were under discussion.

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EU moves to cut dependency on China for battery and solar panel materials

Parliament votes to cut mining red tape and diversify its supplies of raw materials such as lithium and silicon

The EU has voted in a plan to secure more of the critical materials needed to make solar panels, electric car batteries and other key elements of its green transition.

The European parliament agreed on Thursday to diversify its supplies of critical raw materials and cut red tape for mining companies. In an attempt to reduce its dependency on China, it plans to ensure that by 2030 it does not rely on a single country for more than 65% of its supply of any strategic raw material.

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