Germany suspends approval for Nord Stream 2 gas pipeline

Move follows mounting politcal pressure to scrap project in setback to Kremlin-backed project

Germany has suspended its approval process for the controversial Nord Stream 2 gas pipeline which would double its reliance on Russian gas following growing geopolitical pressure to scrap the project.

Energy markets across Europe surged after the German energy regulator suspended its certification process, in a big setback to Kremlin-backed Gazprom’s plans to extend Russian gas dominance via a new pipeline across the Baltic Sea.

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JP Morgan chief skips quarantine as he jets into Hong Kong

Jamie Dimon let off 21-day hotel quarantine because he runs a ‘very huge bank’, says Carrie Lam

JP Morgan’s billionaire chief executive Jamie Dimon was allowed to skip Hong Kong’s strict 21-day hotel quarantine rules because he runs “a very huge bank” with “key business in Hong Kong”, the territory’s chief executive, Carrie Lam, said on Tuesday.

Dimon flew into Hong Kong on Monday on JP Morgan’s private jet, becoming the first Wall Street bank boss to visit the territory or mainland China since the pandemic began.

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‘It’s the biggest open secret out there’: the double lives of white-collar workers with two jobs

Remote working has made it easier than ever for staff to moonlight. But how do they cope with clashing meetings and two bosses? And can the rewards be worth the lies?

Second jobs can be incredibly lucrative – just ask any of the MPs who gained at least £6m collectively from their side gigs since the start of the pandemic. But it’s not only MPs benefiting from second jobs: ordinary white-collar workers have been getting in on the act. And these workers aren’t just taking on positions that might require a couple of days’ work a month. Instead, they are juggling several traditional full-time jobs, and keeping each one a secret from their other employers – leading, in effect, multiple lives

Among them is Jamie, a 25-year-old based in the UK. Over lockdown, Jamie found himself spending a significant amount of each working day playing video games. His role as a software engineer is undemanding and barely monitored by his company. It allowed him to live comfortably, but he was on what he considered a modest salary.

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‘If I can get a plane into the sky, I can do anything’: female Afghan pilot refuses to be grounded

Months after Mohadese Mirzaee became Afghanistan’s first female commercial airline pilot, the Taliban took Kabul. Now a refugee in Bulgaria, she is determined to fly again

Sitting alone in her small flat in Bulgaria, Mohadese Mirzaee contemplates the future. Three months ago, she left behind her family, and her dream job, in Afghanistan. At 23, Mirzaee was the country’s first female commercial airline pilot.

“Today, I don’t know where to go, but I’m not giving up. I’ve started applying for pilot jobs anywhere because I know I need to get back to flying,” she says by phone from the capital, Sofia.

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Palm oil land grabs ‘trashing’ environment and displacing people

Growing rush for land is destroying ecosystems and disrupting lives to satisfy global demand for goods, study warns

Businesses and governments must stop the growing rush of commodities-driven land grabbing, which is “trashing” the environment and displacing people, says new research.

Palm oil and cobalt were extreme risks for land grabs according to an analysis of 170 commodities by research firm Verisk Maplecroft published last week. It also warned that, alongside cobalt, other minerals used for “clean” technology, including silicon, zinc, copper, were high risk and undermined the sector’s label.

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Half of Tory ex-ministers take jobs in sectors relevant to former department

More than 50 ministers under Johnson and May took posts with firms in sectors they covered in government

Half of all ministers who have left office in the Boris Johnson or Theresa May governments later took up posts with companies relevant to their former government jobs, the Guardian has found.

An analysis of those who left departmental ministerial roles up until the most recent reshuffle found more than 50 took up employment as advisers in industries where they had government expertise or as more general political consultants.

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UK firm to trial T-cell Covid vaccine that could give longer immunity

Exclusive: Oxfordshire-based Emergex gets go-ahead for trials in Switzerland for skin patch vaccine

An Oxfordshire-based company will soon start clinical trials of a second-generation vaccine against Covid-19, an easy-to-administer skin patch that uses T-cells to kill infected cells and could offer longer-lasting immunity than current vaccines.

Emergex was set up in Abingdon in 2016 to develop T-cell vaccines, the brainchild of Prof Thomas Rademacher, the firm’s chief executive and professor emeritus of molecular medicine at the University College London medical school.

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Claridge’s to part ways with chef after rejecting plan for all-vegan menu

Mayfair hotel says it respects Daniel Humm’s plant-based vision but it ‘is not the path we wish to follow’

The five-star Claridge’s hotel in Mayfair has lost its chef after it rejected his vision for an all-vegan menu at his restaurant.

Daniel Humm, 45, will leave Davies and Brook at the end of the year after talks with management about transforming the kitchen in his London restaurant at Claridge’s hotel to serve only plant-based dishes.

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JCB failed to do checks over potential use of equipment in Palestine

UK government watchdog finds lack of due diligence over human rights in occupied territories

JCB, the British tractor firm, has been found by a UK government watchdog to have failed to carry out due diligence human rights checks over the potential use of its equipment to demolish homes in the occupied Palestinian territories (OPT).

The watchdog ruled: “It is unfortunate that JCB, which is a leading British manufacturer of world-class products, did not take any steps to conduct human rights due diligence of any kind despite being aware of alleged adverse human rights impacts and that its products are potentially contributing to those impacts.”

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Transform approach to Amazon or it will not survive, warns major report

Panel of 200 scientists tells Cop26 Indigenous people, business, governments and scientists must collaborate

The world’s approach to the Amazon rainforest must be transformed to avoid an irreversible, catastrophic tipping point, according to the most comprehensive study of the region ever carried out.

More than 200 scientists collaborated on the new report, which finds that more than a third of the world’s biggest tropical forest is degraded or deforested, rainfall is declining and dry seasons are growing longer.

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‘An emblem of Scotland’: how Irn-Bru stole the show at Cop26

Scottish fizzy drink already had deal shutting out rivals, but praise from Sturgeon and AOC was golden marketing moment

As Cop26 draws to a close, the climate summit’s big-name sponsors have been left scratching their heads as to how the plucky Scottish fizzy drink Irn-Bru managed to steal the limelight in the marketing ambush of the year.

The status of the bright orange drink as the summit’s surprise curiosity made global headlines earlier this week when the US congresswoman Alexandria Ocasio-Cortez posted an Instagram video of herself praising the beverage after having her first taste.

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Boeing admits full responsibility for 737 Max plane crash in Ethiopia

‘Significant milestone’ paves way for families of 157 victims of 2019 crash to seek compensation, say lawyers

Boeing has admitted full responsibility for the second crash of its 737 Max model in Ethiopia, in a legal agreement with families of the 157 victims.

Lawyers for the families said it was a “significant milestone” for families to achieve justice.

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Antihero to zero: VW rises from ‘dieselgate’ to lead charge on electric vehicles

Volkswagen embraces the future with €35bn investment, including in its Zwickau plant

Two bronze statues that guard the entrance to Zwickau train station in Saxony tell the tale of Germany’s struggle to wean itself off fossil fuels.

A crouching miner cradles a lamp in a nod to the lignite, a particularly dirty form of coal, that was dug from this part of former East Germany, fuelling its factories and power stations. His companion, an engineer, represents the car industry that dominates Germany’s industrial heartland.

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Randox: how one-man-band operation became a Covid testing giant

Healthcare firm named in Owen Paterson lobbying scandal has won £500m in UK government contracts

As the Covid-19 pandemic swept towards the UK, a senior employee of the healthcare firm Randox addressed an audience of horse racing royalty, gathered amid the neoclassical splendour of St George’s Hall in Liverpool.

Randox, which had garnered a role within the “sport of kings” via its sponsorship of the Grand National, had developed a test for Covid-19, he told them.

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Australian corporations’ treatment of Indigenous customers to be investigated by inquiry

String of scandals involving some of Australia’s biggest business names prompts parliamentary probe

After a series of high-profile cases of corporate failures, the way big businesses in Australia treat Indigenous customers will be examined by a parliamentary inquiry.

The destruction of Juukan Gorge by Rio Tinto was one of the most recent inexcusable acts, but it is not alone. Woolworths was forced to abandon plans to build a liquor warehouse near three dry Aboriginal communities. Earlier this year, Telstra was fined $50m by the federal court which found it had exploited Indigenous customers by signing them up for phone contracts they could not understand or afford.

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A wealth of sorrow: why Nigeria’s abundant oil reserves are really a curse

It is known as the resource curse: assets that should bring wealth and stability but instead lead to corruption and poverty. And for Nigeria, oil is the culprit

In Nigeria, oil has been more of a curse than a blessing. Weak institutions of state and poor governance in managing the vast revenues have led the country to fail to realise its full potential in a textbook example of what academics know as the “resource curse”.

First coined by Prof Richard Auty in 1994, the term refers to the inability of nations to use their windfall wealth to improve their population’s lot and bolster their economies. The rich natural resources bring corruption and poverty to a nation, rather than positive economic development and, counterintuitively, these countries end up with lower growth and development than those without natural resources.

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Will Elon Musk abide by Twitter poll and sell 10% of his Tesla shares?

World’s wealthiest person says proposed billionaires tax led to poll, the result of which sent price falling

Elon Musk, the chief executive of Tesla and world’s richest person, asked his 62.8 million Twitter followers over the weekend whether he should sell $21bn (£15.5bn) worth of shares in the electric car company in order to pay tax. Tweeting he would “abide by the results of this poll, whichever way it goes”, 58% of those who responded said “yes”, he should sell the shares, sending Tesla’s share price down 5% in pre-market trading on Monday.

Why did he do it?
Musk, who is sitting on a paper fortune of more than $338bn in Tesla and Space-X shares, proposed selling 10% of his Tesla shares in order to generate enough money to pay a proposed “billionaires tax” on “unrealised capital gains”.

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‘I went from having to borrow money to making $4m in a day’: how NFTs are shaking up the art world

Digital art is a billion-dollar business, with everyone from Paris Hilton to Damien Hirst trading in ‘non-fungible tokens’. But are NFTs just a get-rich-quick scheme masquerading as culture?

“It’s actually a lot simpler than you think.” It’s a Tuesday afternoon, and somewhat to my surprise, I’m on the phone to Paris Hilton, who is graciously explaining the world of NFTs.

Hilton is many things – a reality star, an heiress, an unlikely lockdown fitness guru who uses designer handbags instead of weights. But until now, she has never been considered a significant player in the art world. When artists have acknowledged her, often they’ve done so to fetishise her image. In 2008, Damien Hirst bought a portrait of her by the artist Jonathan Yeo, in which her body is constructed from collaged images cut from porn magazines.

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Speculation nation: Can Xi Jinping’s property tax deflate China’s housing bubble?

Analysis: President faces an uphill battle to undo a system that has led to a bloated property sector

Xi Jinping’s to-do list has seen a lot of ticks in recent months: more flights into Taiwan’s defence zone; suppressing dissenting voices in Hong Kong; clipping the wings of tech barons; outlawing the out-of-school tutoring industry. The list goes on.

However, one key initiative – introducing a local property tax – has attracted fewer headlines but is apparently so controversial within China’s ruling Communist party that even Xi is still only able to deal in trial schemes rather than wholesale change.

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Latin American countries join reserves to create vast marine protected area

‘Mega-MPA’ in Pacific will link waters of Ecuador, Colombia, Panama and Costa Rica to protect migratory turtles, whales and sharks from fishing fleets

Four Pacific-facing Latin American nations have committed to joining their marine reserves to form one interconnected area, creating one of the world’s richest pockets of ocean biodiversity.

Panama, Ecuador, Colombia and Costa Rica announced on Tuesday the creation of the Eastern Tropical Pacific Marine Corridor (CMAR) initiative, which would both join and increase the size of their protected territorial waters to create a fishing-free corridor covering more than 500,000 sq km (200,000 sq miles) in one of the world’s most important migratory routes for sea turtles, whales, sharks and rays.

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