Van drivers in UK will need new operating licences to enter EU from May

Latest Brexit red tape will come into force alongside a series of further checks at Dover and other ports

Van drivers will be required to get new international operating licences if they want to travel back and forth to the EU from May next year, the government has announced.

The additional red tape will come into force next year alongside a series of further checks at Dover and other ports that were delayed three times in 2021 because of lack of preparation for Brexit in Great Britain.

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‘Worst fashion wage theft’: workers go hungry as Indian suppliers to top UK brands refuse to pay minimum wage

Shortfall of 16p a day leaves children living on just rice as suppliers to Nike, Zara and H&M in Karnataka underpay by estimated £41m

Garment workers making clothes for international brands in Karnataka, a major clothing production hub in India, say their children are going hungry as factories refuse to pay the legal minimum wage in what is claimed to be the biggest wage theft to ever hit the fashion industry.

More than 400,000 garment workers in Karnataka have not been paid the state’s legal minimum wage since April 2020, according to an international labour rights organisation that monitors working conditions in factories.

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Sotheby’s sells record $7.3bn of art so far in 2021

Auction house credits younger, tech-savvy collectors for highest annual sales in its 277-year history

Sotheby’s has sold a record $7.3bn (£5.5bn) worth of art and other collectibles so far this year – the most in its 277-year history.

The auction house said on Wednesday that an “influx of younger, tech-savvy collectors” buying luxury items such as handbags, jewellery, wine and non-fungible tokens (NFTs) during the pandemic had helped lift sales to the record high.

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Gas crisis fuels call for UK to update energy security policy

As rising tensions with Russia over Ukraine drive prices to record highs, experts warn of lack of strategy for gas supply

Ministers are relying on an outdated energy security policy, leading academics have warned, as escalating tensions between Russia and western leaders propelled the gas market to record price highs.

UK gas reached a record closing price of 322.5 pence per therm on Tuesday, according to data from market price experts at ICIS, vaulting ahead of the previous high of just over 298p/therm set in early October this year.

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Gazprom profits as Russia prospers from Europe’s gas crisis

State-owned company accused of ‘selling as much gas as possible without lowering market prices’

Gas prices near record highs as Berlin rejects pipeline from Russia

About 12.7bn cubic feet of gas flowed into Europe from Russia’s state-owned Gazprom last month. The world’s largest gas producer typically supplies more than a third of the needs of countries across the European Union, but in November flows dwindled to a six-year low.

Gas supplies from Russia have fallen well short of pre-pandemic levels for months. The volumes of Russian gas flowing into homes, businesses and storage facilities this year have been almost a quarter below those in 2019.

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Gas prices near record highs as Berlin rejects pipeline from Russia

Germany says escalating tensions over Ukraine are one factor in Nord Stream 2 not getting green light

Gazprom profits as Russia prospers from Europe’s gas crisis

Gas prices across the UK and Europe are on course to return to record highs after Germany said a controversial pipeline from Russia could not be approved amid deepening tensions on the Ukrainian border.

The German foreign minister, Annalena Baerbock, said the Nord Stream 2 pipeline could not be given the green light in its current form because it did not meet the requirements of EU energy law.

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‘So depressing’: Covid empties City of London of pre-Christmas cheer

The ‘work from home’ rules are less stringent than before in the financial hub, but many seem to be staying away

At about 1pm in Paternoster Square on Monday, four placid, Christmassy eyes gazed at the trickle of workers emerging from the London Stock Exchange in search of lunch. “PLEASE DO NOT TOUCH THE REINDEER,” a sign on the enclosure said. “THIS IS TO PREVENT THE TRANSMISSION OF CORONAVIRUS.”

“I remember when you could stroke them,” said a passing trader. “It’s so depressing. I wish I’d stayed at home now.”

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As Covid mutates, the vaccine makers are adapting too

Focus on the exciting potential of T-cell immunity is spurring the sector on to create a new generation of jabs

The speed at which scientists worked to develop the first Covid jabs was unprecedented. Just nine months after the UK went into lockdown, 90-year-old Margaret Keenan officially became the first person in the world outside a trial to receive the Pfizer/BioNTech vaccine. But the virus is mutating, and the emergence of the Omicron variant last month is already focusing attention on the next generation of jabs.

So what do we know about the new Covid-19 vaccines? One change is with delivery mechanisms, such as San Francisco firm Vaxart’s vaccine-in-a-pill, and Scancell’s spring-powered injectors that pierce the skin without a needle. But the biggest development is in T-cell technology. Produced by the bone marrow, T-cells are white blood cells that form a key part of the immune system. While current vaccines mainly generate antibodies that stick to the virus and stop it infecting the body, the new vaccines prime T-cells to find and destroy infected cells, thus preventing viral replication and disease. (The current vaccines also produce a T-cell response, but to a lesser extent.)

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Work on Cambo oilfield paused after Shell withdrawal

Firm says project off Shetland cannot proceed on originally planned timescale and it will assess next steps

Work on the Cambo oilfield off Shetland is being paused, its developers have said, plunging the future of oil exploration in the area into doubt.

Shell, which had been planning to develop the field with the private equity-backed fossil fuel explorer Siccar Point Energy, pulled out of the project last week after fierce opposition to it from environmental activists.

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Germany’s foreign minister under pressure over Nord Stream 2 sanctions

Annalena Baerbock has sympathy with US demands, but there is considerable Social Democrat support for Russia’s pipeline

Germany’s new foreign minister, Annalena Baerbock, has been caught a diplomatic vice days into the job, as US puts pressure on the coalition government in Berlin to vow to block the Nord Stream 2 pipeline in the event of Russia invading Ukraine.

The controversial pipeline project, which runs from Ust-Luga in Russia to Lubmin in north-east Germany, is also likely to be the first test of the new German government’s unity of approach.

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China’s indebted property sector highlights a fading economic revival

Xi Jinping’s mission is not only to control the housing bubble, but rein in untethered industries and foreign capital

China’s economy has become heavily dependent on property development over the last decade. High-rise apartments have mushroomed across hundreds of cities to house a growing white-collar workforce, while glass and steel office blocks are dominating city centres, mimicking Shanghai’s glittering skyline.

Valued at more than $50tn after 20 years of rapid growth, Chinese real estate is worth twice as much as the US property market and four times China’s annual income.

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UK ‘embarrassed’ into funding Mozambique gas project, court hears

Friends of the Earth cites documents suggesting UK’s reputation could suffer if it pulled $1.15bn of promised support

The UK was “embarrassed” into funding a huge gas project in Mozambique while considering ending overseas support for fossil fuels, a court has heard.

During a three-day high court hearing, Friends of the Earth highlighted government documents that suggested there would be “obvious repercussions” if the government did not follow through on $1.15bn of support to an offshore pipeline and liquefied natural gas plant in Cabo Delgado province.

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Kellogg to replace 1,400 strikers as deal is rejected

Strike, which began in October, expected to continue as workers seek significant raises, saying they work 80-hour weeks

Kellogg has said it is permanently replacing 1,400 workers who have been on strike since October, a decision that comes as the majority of its cereal plant workforce rejected a deal that would have provided 3% raises.

The Bakery, Confectionary, Tobacco Workers and Grain Millers (BCTGM) International Union said an overwhelming majority of workers had voted down the five-year offer.

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China unveils package to boost economy amid IMF growth warning

Beijing to increase business lending and build more affordable housing as post-Covid recovery falters

China’s politburo has signalled measures to kickstart the faltering economy as the crisis gripping the country’s debt-laden property sector continued to play havoc with growth forecasts.

Amid a warning from the International Monetary Fund (IMF) that a slowdown in the world’s second-biggest economy could hurt the global recovery from Covid-19, President Xi Jinping’s senior leadership committee rubber-stamped a plan from the central bank on Monday for more targeted lending to businesses. They also outlined support for the housing market.

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San Francisco restaurant apologizes for denying service to armed police

Owners of Hilda and Jesse Restaurant say they ‘made a mistake’ after saying weapons made people uncomfortable

The owners of a San Francisco restaurant have apologized for denying service to three police officers over the weekend because their weapons made their staff “uncomfortable”.

The owners of Hilda and Jesse Restaurant apologized in a social media post published on Sunday following an outcry and calls to boycott the eatery because the officers were asked to leave shortly after they sat down Friday.

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UK travel firms call for state help after Omicron hits turnover

Industry body warns that some operators won’t last the winter after return of strict Covid travel rules

Travel firms have called on the government to provide urgent financial help as fresh Covid-19 restrictions come in to force on Tuesday, hitting holiday travel just before the peak booking period.

Turnover has been at just 22% of normal levels for tour operators, according to figures from the travel association Abta.

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China Evergrande shares hit record low as it edges closer to default

With $82.5m repayment due, property developer appears to be heading for restructuring

Shares in the struggling Chinese property developer Evergrande hit a record low on Monday after strong indications that it is on the verge of a potentially disastrous default and could be forced into a full-blown restructuring.

The company has lurched from one crisis to another in recent months as it faced a series of repayments on debts – three times waiting until the last possible moment to stump up the cash needed to stay afloat.

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Old UK oilwells could be turned into CO2 burial test sites

Exclusive: Consortium of energy firms and universities says underground storage of hydrogen can also be investigated

Exhausted oil and gas wells would be turned into the UK’s first deep test sites for burying carbon dioxide next year, under plans from a consortium of universities and energy companies.

There are hundreds of active onshore oil and gas wells in the UK. But as they come to the end of their lives, some need to be redeployed for trials of pumping CO2 underground and monitoring it to ensure it does not escape, the group says. The test wells could also be used to assess how hydrogen can be stored underground.

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Exclusive: oil companies’ profits soared to $174bn this year as US gas prices rose

Exxon, Chevron, Shell and BP among group of 24 who resisted calls to increase production but doled out shareholder dividends

The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US, according to a new report.

The bumper profit totals, provided exclusively to the Guardian, show that in the third quarter of 2021 alone, 24 top oil and gas companies made more than $74bn in net income. From January to September, the net income of the group, which includes Exxon, Chevron, Shell and BP, was $174bn.

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