Demand at online marketplaces could settle at a new, higher normal, with the crisis leaving consumers ‘scarred’
Car buyers’ interest in electric cars has surged across Europe since the start of the war in Iran, as the rising cost of petrol highlights the cheaper power available from a plug.
Online marketplaces in the UK, Germany, France and Spain reported huge increases in inquiries about electric vehicles since the start of the conflict in February.
Continue reading...Mo-Rez reduced or eliminated tumours in over 60% of patients and is expected to be a blockbuster drug
GSK has revealed positive results for a treatment for gynaecological cancers as its chief executive, Luke Miels, seeks to speed up drug development at the group.
The company said that in an early-stage trial Mocertatug Rezetecan, known as Mo-Rez, shrank or eliminated tumours in 62% of patients with ovarian cancer where chemotherapy had failed, and in 67% of those with endometrial cancer.
Continue reading...Oil prices and borrowing costs are expected to rise this week as tankers remain stranded in the Gulf
The failure of the US and Iran to reach a peace deal after marathon negotiations has put markets on alert for further oil and gas price rises.
With large numbers of oil tankers remaining stuck in the Gulf, the US vice-president, JD Vance, blamed the collapse of the talks on Tehran’s refusal to abandon its nuclear weapons programme, while Iranian sources hit back at “excessive” demands from Washington.
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Penny Wong calls failed peace talks between US and Iran ‘disappointing’ and urges resumption
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Seven-year-old girl drowns at swimming spot on Brisbane River
A seven-year-old girl has drowned at a popular swimming spot on the Brisbane River in the south-west of the city, AAP reports.
Continue reading...Iran war drives demand for solar panels, heat pumps and EVs, with energy bills expected to rise 18% from July
British households are turning to green home energy upgrades in record numbers to try to keep bills down as the Iran crisis sends global oil and gas prices soaring, data from leading energy suppliers suggests.
Figures show demand for solar panels, electric vehicles and heat pumps in Great Britain has leapt since the war began on 28 February, as households brace for a sharp increase in monthly payments when the next energy price cap takes effect in the summer.
Continue reading...Chris Kempczinski’s taste test was mocked online, to which he said his mother had taught him: ‘Don’t talk with your mouth full’
The chief executive officer of McDonald’s recently blamed etiquette guidance from his mother for a February on-camera taste test that made him a target for ridicule – and summarily recorded another video of him eating one of the fast-food giant’s offerings in a manner potential consumers found awkward.
Chris Kempczinski suggested to the Wall Street Journal (WSJ) earlier in April that he was simply heeding maternal advice to never talk with his mouth full when he took the humorously small bite at the center of a viral video which depicted him discussing and sampling the new Big Arch burger from McDonald’s.
Continue reading...Summer holidays could be hit unless oil flows through strait of Hormuz recommence within three weeks
Airports have warned that jet fuel could run short within three weeks in Europe if oil supplies do not start to flow through the strait of Hormuz, raising concerns over flight cancellations in the UK and EU going into the summer holiday season.
Jet fuel shortages will become so acute without the resumption of supplies from the Middle East that cancellations across Europe will be inevitable, disrupting travel plans for potentially millions of passengers.
Continue reading...Credit can be used to offset future bills as full-year losses at UK division widen to £41.3m and it adds 92 stores
Starbucks’s UK retail arm received a £13.7m corporation tax credit last year, even as its sales increased 6% and it added more than 90 stores.
The credit, which can be used to offset future tax bills, comes after losses widened to £41.3m in the 12 months to the end of September – almost matching the £40m it paid in royalty and licence fees to its parent company.
Continue reading...How much fuel does Australia have left today, and when could we run out? Track how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country.
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Hundreds of service stations across Australia have run empty, fuel prices are elevated and oil shipments have been cancelled.
Australia is battling a fuel crisis as Iran’s closure of the strait of Hormuz continues to bite. The federal government has released fuel reserves, cut fuel excise taxes and rolled out a national fuel security plan.
Continue reading...Former PM asks ‘What is the point of having armed forces if they’re not to be used to support our allies in a just cause.’ Follow updates live
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Head of IMF says Iran war will permanently scar global economy even if peace is reached
The head of the International Monetary Fund has warned that the Iran war will permanently scar the global economy even if a durable peace deal in the Middle East can be reached.
But now, even our most hopeful scenario involves a growth downgrade. Even in a best case, there will be no neat and clean return to the status quo.
Penny Wong’s previous statements, whether it’s concerned or gravely concerned, have had no effect.
But cancelling more than a billion dollars in Israeli arms contracts – that would not only respond to the moral situation of the appalling Israeli military attacks, it would also have the benefit of putting a very real material pressure on Israel to pull back from what is a disastrous, illegal, immoral war in Lebanon that is threatening the entire globe’s peace.
We should not be buying weapons that have been tested by Israeli defence manufacturers in conflicts like Gaza and Lebanon, and we should not be contributing any weapons parts.
Right now it also would have the important additional benefit of making it clear to Israel that this comes at a direct and real cost to them.
Continue reading...Almost 2,000 jobs will be created, with retailer vying to overtake Morrisons as Britain’s fifth largest supermarket
Lidl is to open 50 new UK stores in the year ahead – as well as its first pub – as it aims to overtake Morrisons as the country’s fifth largest supermarket chain.
The German-owned retailer has begun building a pub in east Belfast in response to strict local licensing laws that cap the number of premises that can sell alcohol.
Continue reading...How much fuel does Australia have left today, and when could we run out? Check how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country since the US and Israel’s war on Iran began in late February
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Hundreds of service stations across Australia have run empty, fuel prices are elevated and oil shipments have been cancelled.
Australia is battling a fuel crisis as Iran’s closure of the strait of Hormuz continues to bite. The federal government has released fuel reserves, cut fuel excise taxes and rolled out a national fuel security plan.
Continue reading...Uncertainty over US-Iran ceasefire pushes price of Brent crude towards $100 a barrel
The boss of Abu Dhabi’s state-owned oil company has said the strait of Hormuz is “not open” despite the US-Iran ceasefire agreed earlier this week, as uncertainty over the truce pushed the price of Brent crude towards $100 a barrel on Thursday.
Sultan Al Jaber, the chief executive officer of the Abu Dhabi National Oil Company (Adnoc), said passage through the crucial waterway was subject to “permission, conditions and political leverage” by Iran. He said energy security and global economic stability depended on the strait being opened “fully, unconditionally and without restriction”.
Continue reading...AI company says purpose of its Claude Mythos model is to bolster defenses against hacking in common applications
Anthropic on Tuesday said its yet-to-be-released artificial intelligence model called Claude Mythos has proven keenly adept at exposing software weaknesses.
Mythos has laid bare thousands of vulnerabilities in commonly used applications for which no patch or fix exists, prompting the San Francisco-based AI startup to form an alliance with cybersecurity specialists to bolster defenses against hacking and withhold wide distribution.
Continue reading...After meeting with Marco Rubio, foreign minister Winston Peters says he made sure US understands ‘significant economic impacts on New Zealand and Pacific’
New Zealand has called on the US to send fuel tankers to the Pacific to help alleviate some of the significant economic and fuel pressure caused by the war in the Middle East.
Winston Peters, New Zealand’s foreign minister, met the US secretary of state, Marco Rubio, in Washington on Tuesday, where they discussed bilateral relations, the war in Iran and the Pacific.
Continue reading...Exclusive: Former UN climate chief to co-chair Lancet Commission examining how sea-level rise is reshaping health, wellbeing and inequality
What are the health impacts of sea-level rise, and who should pay?
Christiana Figueres: Sea-level rise is a health crisis and we must hold polluters accountable
Countries are being “held hostage” by their reliance on fossil fuels, a former UN climate chief has warned, describing the health impacts of climate change as “the mother of all injustices”.
Christiana Figueres, an international climate negotiator who helped deliver the Paris agreement signed in 2016, made the comments as she was announced on Wednesday as co-chair of a Lancet Commission examining how sea-level rise is reshaping health, wellbeing and inequality.
Continue reading...Analysis shows developing economies more likely to experience higher interest rates and currency shocks
Emerging economies are at greater risk of higher interest rates and currency shocks resulting from the Iran war because of increased reliance on market investors such as hedge funds, the International Monetary Fund has warned.
The IMF’s analysis shows that a cumulative $4tn flowed into emerging markets last year from outside the formal banking sector – including from hedge funds and investment funds.
Continue reading...Retailer faces public outcry over treatment of Walker Smith, who tackled shoplifter stealing Easter eggs at London store
Waitrose is under growing pressure to reinstate an employee of 17 years who was sacked after tackling a shoplifter who was trying to steal Lindt Gold Bunny Easter eggs.
The retailer has faced public outcry over its treatment of Walker Smith, who was fired two days after he stopped the shoplifter taking items from the Easter egg display.
Continue reading...Companies using heating oil have already begun rationing their fuel use, says Federation of Small Businesses
Thousands of independent businesses across the UK are braced for their energy bills to more than double owing to the sharp rise in heating oil costs as the war in Iran pushed Europe’s fuel market prices to fresh record highs.
About 7% of all small and medium-sized companies warm their properties and provide hot water using heating oil, which in some cases has more than doubled in recent weeks.
Continue reading...How much fuel does Australia have left today, and when could we run out? Check how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country since the US and Israel’s war on Iran began in late February
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Hundreds of service stations across Australia have run empty, fuel prices are elevated and oil shipments have been cancelled.
Australia is battling a fuel crisis as Iran’s closure of the strait of Hormuz continues to bite. The federal government has released fuel reserves, cut fuel excise taxes and rolled out a national fuel security plan.
Continue reading...