18 unique + 20 similar articles
[6.5]New anti-strike laws could lead to mass defiance (The Guardian)2h
New anti-strike laws for public sector workers could lead to mass defiance, warns union leader Matt Wrack. The legislation allows employers to issue work notices before a strike, compelling employees to work. Wrack anticipates a campaign of non-compliance and potential strikes, with the law expected to affect sectors like ambulance services, rail networks, and border security. The TUC is considering responses to the law, which has been criticized as "unworkable."
[6.8]Reading influenced Bill Gates' career shift to philanthropy (CNBC)2h
Bill Gates attributes his career shift from Microsoft to philanthropy to his lifelong reading habit. Since 2000, the Bill and Melinda Gates Foundation has spent $53.8 billion fighting global health crises, halving child mortality. Reading is also endorsed by other successful figures like Mark Cuban. Experts highlight its benefits for empathy, communication, leadership, and longevity. However, the foundation has faced criticism for transparency and impact measurement challenges.
[6.8]Opioid crisis declared severe public health threat (CTV News + 1)3h
Health Canada has declared the opioid crisis a severe public health threat. Dr. Sam Hickcox emphasizes the importance of widespread access to naloxone, a medication that reverses opioid overdoses. Since 2016, there have been 38,514 opioid-related deaths in Canada. Naloxone kits are available for free in various provinces and territories. They can be obtained from pharmacies, health centers, and community organizations. Training for administering naloxone is also widely available.
[6.8]Generative AI tools raise privacy concerns with data (CNBC)3h
Generative AI tools like ChatGPT are raising privacy concerns as they rely on vast amounts of data, including copyrighted material, to operate. Lawsuits, such as one against Old Navy, allege illegal wiretapping and unauthorized data sharing by AI-powered chatbots. Experts predict companies may add warning labels and face privacy questions before AI becomes a trusted personal assistant. The US lags behind Europe and Canada in AI regulations, with varying state privacy laws creating a patchwork system.
[6.5]IOSCO proposes measures to improve voluntary carbon markets (Reuters.com)8h
IOSCO proposed 21 measures to enhance integrity and transparency in voluntary carbon markets (VCMs). The measures aim to combat fraud and double counting of carbon credits. VCMs, separate from government-regulated markets, are expected to grow from $2 billion in 2020 to about $250 billion by 2050. IOSCO seeks public feedback on the proposed measures during a 90-day consultation. National regulators may require companies to disclose their use of carbon credits.
[6.5]IMF emphasizes importance of carbon pricing (CNBC)8h
At the Singapore FinTech Festival, IMF Managing Director Kristalina Georgieva emphasized the importance of carbon pricing at the COP28 climate summit. She stated that the oil and gas industry acknowledges the need for decarbonization. The IMF raised its average price forecast to $85 per ton by the end of the decade, up from $75. Georgieva highlighted the urgency of accelerating decarbonization and the role of carbon pricing as an incentive for polluters.
[6.6]Jun Murai praises India's tech deployment, urges Japan's revamp (The Hindu)9h
Japanese technocrat Jun Murai, known as the father of the Internet in Japan, praised India's Aadhaar and India Stack deployment, stating it placed Japan behind technologically. He highlighted Japan's initiative to revamp its IT strategy, called the Japan Digital Garden City, covering the entire nation. Murai emphasized the rapid growth of internet adoption, with over 70% of the world's population having access. He stressed the essential role of internet and digital technologies in today's infrastructure.
[7.1]AstraZeneca partners with Absci for AI-driven cancer antibody (Reuters)9h
AstraZeneca has signed a deal with Absci worth up to $247 million to design an antibody for cancer treatment using AI technology. The collaboration aims to utilize Absci's AI for large-scale protein analysis. The deal includes an upfront fee, research funding, milestone payments, and royalties. Absci's CEO highlighted the potential for success and reduced development time through AI in drug discovery. (Words: 65)
[6.6]Climate activism at Cop28 faces challenges (The Guardian)10h
Dorcas Naishorua, a Kenyan climate activist, advocates for climate justice at Cop28. Ekō's protest targeting Emirates was denied at the event. Australia pledged to triple global energy capacity by 2050 but did not commit to phasing out fossil fuels. Countries and companies are failing to report emissions accurately under the Paris agreement. Protests are strictly controlled at Cop28. Greenhouse gas emissions have increased since the Paris agreement, with China, India, and the US being the biggest contributors.
[7.0]Genome editing system shows promise for treating ASD (South China Morning Post)10h
Chinese scientists have developed a genome editing system that successfully modified the DNA of mice with autism spectrum disorder (ASD) mutations. The treatment, delivered through a single injection, reduced ASD-associated behavior. Published in Nature Neuroscience, the study suggests potential treatment for ASD and other genetic neurodevelopmental disorders. The system, using a single-base editing method, restored protein levels in the brain and reversed behavioral abnormalities in mice. This breakthrough could lead to affordable individualized gene editing therapy for patients.
[6.9]Muslim leaders withdraw support for Biden over Gaza (The Associated Press)11h
Muslim community leaders from swing states, including Michigan, Minnesota, Arizona, and others, withdrew support for President Joe Biden due to his refusal to call for a ceasefire in Gaza. The Health Ministry in Gaza reported 15,200 Palestinian deaths and 1,200 Israeli deaths in the Israel-Hamas war. Biden's stance has strained his relationship with the American Muslim community, potentially impacting the 2024 election. The Muslim community leaders emphasized their voting power and rejected support for former President Donald Trump.
[7.2]China, India, US lead global emissions increase (The Guardian)11h
New data from the Climate Trace project shows that China and India's electricity generation, and US oil and gas production, have led to the largest increases in global greenhouse gas emissions since 2015. Methane emissions have also risen, despite over 100 countries pledging to reduce them. The data reveals discrepancies in reporting and actual emissions. However, China has pledged to include methane in its national climate plans, and cooperation on methane at the Cop28 summit may help limit global temperature rises.
[6.6]New study offers promising approach to TB vaccine testing (Global Biodefense)16h
Tuberculosis (TB) remains a major global health threat, with more deaths than any other infectious disease. A new study in the Journal of Infectious Diseases presents a promising approach to accelerate TB vaccine testing. Researchers used the Bacillus Calmette-Guérin (BCG) vaccine to gather data on TB in a human study without exposing participants to full-strength TB bacteria. The findings could lead to more efficient TB vaccine development and a better understanding of TB immunity.
[7.2]US commits to climate action, faces criticism (The Guardian)16h
At the Cop28 summit, US Vice President Kamala Harris emphasized the urgency of climate action, highlighting the US's commitment to phasing out coal plants and reducing methane emissions. The US pledged $3bn to the Green Climate Fund but faced criticism for its modest contribution to the loss and damage fund. Despite climate initiatives, concerns persist over the US's expansion of fossil fuel drilling. The absence of President Biden at the summit also drew scrutiny.
[7.6]1 in 12 hospitals at risk of shutdown (The Guardian)18h
A report by Cross Dependency Initiative (XDI) warns that 1 in 12 hospitals worldwide are at risk of shutdown due to extreme weather events without a rapid phase-out of fossil fuels. By the end of the century, 16,245 hospitals, twice the current number, will be at high risk. Lower- and middle-income countries will be most affected, with 71% of at-risk hospitals located there. XDI urges governments to protect hospitals and mitigate climate impacts.
[6.5]Panama's Supreme Court declared First Quantum's contract unconstitutional (Reuters)21h
Panama's Supreme Court declared Canadian miner First Quantum's contract for a copper mine unconstitutional. The ruling, published in the official gazette, led to widespread protests. President Laurentino Cortizo announced the mine's imminent closure. The decision follows weeks of public outcry. The mine's closure will have significant economic and environmental implications.
[6.5]Raimondo emphasizes threat from China, urges action (South China Morning Post + 1)21h
US Commerce Secretary Gina Raimondo emphasized the threat posed by China and urged action to prevent the country from obtaining advanced technologies. She imposed restrictions on chip exports to China and called for increased funding to protect national security. Raimondo highlighted the importance of democracy and the rule of law for businesses. She stressed the need for tighter export controls and enforcement with allies to counter China's efforts.
[6.5]US, EU, and UK pressure countries on ship oversight (Reuters)22h
The US, EU, and UK are pressuring Liberia, the Marshall Islands, and Panama to increase oversight of ships carrying their flags to prevent the transport of Russian oil sold above the $60 price cap. Nearly 40% of the 535 dark-fleet tankers have registered ownership via companies incorporated in the Marshall Islands. The goal is to tighten compliance on the cap and make it more expensive for Russia to move oil without using Western shipping services.
78 unique + 348 similar articles
[7.2]Magnitude 7.5 earthquake hits Mindanao, Philippines. Tsunami warnings (The Guardian + 9)1d
A magnitude 7.5 earthquake struck Mindanao, Philippines, with a depth of 63 km. Tsunamis are expected to hit the Philippines and Japan. The Philippine Seismology Agency warned of potential tsunami waves continuing for hours. Japan's NHK reported waves up to 1 meter high reaching its western coast. The US Geological Survey estimated the earthquake at magnitude 7.6 and a depth of 32 km. More updates to follow.
[6.6]Snowstorms and heavy winds cause chaos in Europe and US (ABC News + 21)2d
Snowstorms and heavy winds have caused chaos in Europe and the US. Munich's airport cancelled all flights until 6am Sunday local time, and trains were halted. In the US, thousands of households were without power in Seattle and Portland. The storms also brought snow to the Cascades and caused the cancellation of a men's World Cup downhill skiing race in Colorado. Switzerland, Austria, and the Czech Republic also experienced weather-related issues.
[6.8]China sees surge in respiratory illnesses, especially in children (The Independent + 27)3d
China is experiencing a surge in respiratory illnesses, particularly among children, with known pathogens causing pneumonia-like symptoms. The rise is attributed to the lifting of Covid-19 restrictions. The WHO has increased scrutiny, but no new infectious diseases have been identified. China's health ministry is responding by opening more pediatric clinics and urging flu vaccinations. The outbreak has prompted global concern and increased surveillance in several countries. The WHO is monitoring the situation, and US officials are observing a separate pneumonia outbreak affecting children.
[7.8]Urgent action needed to address climate change (The Guardian + 43)3d
King Charles warned at the Cop28 UN climate summit that the world is conducting a dangerous experiment on the natural world, with 2023 being the hottest year on record. UN Secretary General António Guterres urged leaders to act, stating the world is "miles" from fulfilling the Paris agreement. More than 130 leaders gathered in Dubai to address climate change, with a focus on preventing a global heating limit breach and transforming food systems. Droughts, food shortages, and famine were highlighted as urgent concerns.
[7.6]Renewed fighting in Gaza as truce collapses (Reuters + 76)3d
Renewed fighting in Gaza continues as a truce between Hamas and Israel collapses. Israeli strikes have killed 184 people, wounded at least 589, and hit over 20 houses. The United Nations warns of an extreme humanitarian emergency, with over 15,000 Gazans killed. Negotiations to restore the truce are ongoing, but Israel's bombardment complicates matters. The U.S. is working to minimize civilian harm. The conflict has also affected southern Lebanon. The U.S. blames Hamas for the renewed fighting.
[6.8]Rising interest in sustainable fashion and degrowth movement (The Guardian)1d
In 2021, Kat Butler's post-lockdown shopping trip left her overwhelmed by the amount of clothes, prompting her to re-evaluate her consumption habits. A McKinsey survey found two-thirds of consumers wanted to turn away from fast fashion due to environmental concerns. Young people are increasingly choosing secondhand and vintage clothing, while 46% of respondents in a recent YouGov survey said environmental sustainability affected their household purchases. The concept of degrowth is gaining traction, challenging the idea of growth as an end in itself. Tim Jackson, an ecological economist, argues for a post-growth world, emphasizing the need to question consumption habits and inequality in rich countries. Doughnut economics, which aims to balance social and environmental needs, is gaining attention in Europe. While some economists argue that economic growth can be decoupled from environmental impact, proponents of degrowth emphasize the need to tackle excessive consumption at its root.
[6.5]Android Earthquake Alerts System provides early warnings globally (The Business Standard)1d
The Android Earthquake Alerts System sent warnings to users in Dhaka, Chattogram, and nearby districts before they felt the earthquake on 2 December 2023 at 9:35 am. The system uses smartphone accelerometers to detect tremors and send alerts to Google's earthquake detection server, which then notifies users in affected areas. This system effectively turned over 2 billion Android phones into a global earthquake detection network, providing early warnings to protect lives and property.
[7.2]US plans to cut methane emissions by 80% (The Guardian + 1)1d
The US announced at Cop28 a plan to cut methane emissions by 80% from its oil and gas industry by 2038, reducing 58m tonnes. The rule aims to cut 1.5bn metric tonnes of CO2 equivalent, similar to emissions from the entire US power sector. $1bn in funding has been raised to reduce global methane emissions, with over 150 countries pledging to slash emissions by 30% by 2030. Scrutiny of emitters is increasing through satellite imaging.
[6.6]Laser camera reads heartbeat from a distance (The Guardian)1d
Researchers at Glasgow University have developed a laser camera that uses AI and quantum technologies to read a person's heartbeat from a distance. The system could be used in shopping malls or homes to monitor health parameters, including blood pressure and gait changes. The technology can detect irregularities and is more accurate than traditional stethoscopes. The team has established a start-up company, LightHearted AI, to further develop the devices.
[6.6]ACEs linked to muscle dysmorphia in youth (Neuroscience News + 1)1d
A study from the University of Toronto reveals a strong link between adverse childhood experiences (ACEs) and symptoms of muscle dysmorphia in adolescents and young adults. Boys and young men who experienced five or more ACEs were particularly at risk. The research emphasizes the need to recognize and address the impact of childhood trauma on mental health and body image. The study analyzed data from over 900 participants and found that 16% of those who experienced five or more ACEs were at clinical risk for muscle dysmorphia. The findings highlight the importance of screening for muscle dysmorphia symptoms among individuals who have experienced ACEs.
[6.5]Argentinian President plans to replace peso with dollar (The Hindu)1d
The newly elected Argentinian President plans to replace the peso with the U.S. dollar as legal tender to combat 140% inflation and economic issues. In the 90s, a similar attempt led to a 350% peso depreciation. Dollarisation eliminates exchange costs and foreign exchange risk, but costs 4-5% of GDP and sacrifices monetary sovereignty. Argentina's low U.S. exports and high deficits make it an unsuitable candidate. Restoring fiscal discipline and exploring trade agreements may be a better approach.
[6.7]Amazon violated labor law at JFK8 warehouse (CNBC)2d
In April 2022, Amazon was found to have violated federal labor law at its JFK8 warehouse in New York, during a period of increased union organizing activity. The National Labor Relations Board ruled that Amazon committed multiple violations, including interrogating and threatening employees, racially disparaging organizers, and illegally confiscating organizing materials. Amazon will be required to post notices of workers' rights and compensate affected employees. The company spent $14 million on anti-union consultants in 2022.
[6.6]UK Treasury warns of risks in digital pound (Financial Times + 2)2d
The UK Treasury committee warns of significant risks and challenges in introducing a digital pound, including threats to financial stability and personal privacy. The Bank of England and HM Treasury are urged to proceed with caution due to concerns over data usage, bank runs, and interest rate impacts. The report emphasizes the need for strong privacy safeguards and the coexistence of a digital pound with cash. The authorities will respond formally to the report and publish the next steps.
[7.4]Stoltenberg warns of potential setbacks in Ukraine (POLITICO Europe + 3)2d
NATO Secretary-General Jens Stoltenberg warned of potential bad news from the Ukrainian front as Russia's invasion continues. He urged support for Ukraine and emphasized the need to be prepared for setbacks. Russian President Putin increased troop levels by 170,000 to 1.3 million. Stoltenberg highlighted Ukraine's successes, called for increased ammunition production, and stressed the importance of unified defense efforts. He emphasized that supporting Ukraine is crucial for ending the war and preventing danger for all allies.
[6.5]Sun will become a red giant, engulfing Earth (Livescience.com + 3)2d
In 4.5 billion years, the sun will become a red giant, engulfing Earth. However, extreme heat will make the planet uninhabitable in 1.3 billion years. Human-made climate change could drive species to extinction within centuries. Wet-bulb temperatures, which can be deadly, are predicted to rise due to climate change. The next hundred years will be critical for human life.
[7.1]Protester self-immolates outside Israeli consulate in Atlanta (The Guardian US + 3)2d
A protester self-immolated outside the Israeli consulate in Atlanta, injuring a security guard. The protester is in critical condition, and the guard's condition is unclear. The FBI is coordinating with local law enforcement, and the consulate and Israeli embassy have not commented. Israel resumed its offensive in Gaza after a truce collapsed. The conflict has sparked protests across the US. (Words: 63)
[6.5]COP28 in Dubai highlights environmental challenges and negotiations (The Guardian)2d
Cop28 in Dubai offers vegan food, with a $6 coffee. Delegates sport diverse eco fashion. The UAE's oil economy taints the air, with pollution four times above WHO guidelines. The venue is adorned with motivational slogans, but outside, air quality is unhealthy. Sandstorms and gas flaring worsen pollution. Despite this, the conference is a platform for global climate negotiations.
[6.8]Disposable vapes causing fires, prompting national action (ABC News)2d
Disposable vapes are causing at least five fires a day in Queensland recycling plants. Illegally imported Chinese vapes are sparking many fires. The National Waste and Recycling Industry Council CEO calls for a national collection scheme. The federal government has banned single-use vapes. Improperly discarded batteries are also causing fires. The Australian Competition and Consumer Commission warns of increasing lithium-ion battery fires and advises consumers on safe usage and disposal.
[7.4]Global warming causing extreme weather, Biden takes action (The Washington Post)2d
Global warming is causing more frequent heat waves and extreme weather events. The Biden administration is taking action on environmental issues. Innovative solutions include building off-the-grid homes from trash and harnessing marine energy. The Washington Post offers a Climate Coach to answer questions about environmental choices. Readers can also sign up for the Climate Coach newsletter.
[7.5]Up to half of COVID-19 survivors have long-term symptoms (ABC News)2d
A study published in the RACP Internal Medicine Journal found that up to half of COVID-19 survivors still experience symptoms 12 months post-infection. Giuliano Gaspri, a participant, has 57% lung capacity after being hospitalized for COVID-19 three years ago. Dr. Stuart Tan led the study, noting that symptoms reduced over time. The study also found that vaccinated individuals tend to have fewer and milder symptoms. This highlights the ongoing impact of long COVID and the importance of continued vigilance against the virus.
[7.5]Pledge to triple renewable energy by 2030 at COP28 (Reuters + 4)2d
More than 110 countries are expected to support a pledge to triple the world's installed renewable energy by 2030 at COP28. The European Union, United States, and the United Arab Emirates are leading the push. However, the massive investments required to achieve this goal remain uncertain. The pledge also aims to phase out global consumption of fossil fuels, with wind and solar energy expected to deliver 85% of the necessary cuts in fossil fuel use.
[6.5]Norwegian wealth fund co-leads U.S. class action (Reuters)2d
Norway's $1.5 trillion sovereign wealth fund has been appointed to co-lead a U.S. securities class action related to the now-bankrupt Silicon Valley Bank. The collapse of SVB in March triggered a major banking shock, impacting global bank stocks. The Norwegian fund, the world's largest single stock market investor, held a 1% stake in SVB valued at $137.9 million. It aims to maximize recoveries and signal unacceptable market behavior.
[6.5]Biden criticizes corporate "price gouging" amid economic concerns (The Washington Post)2d
President Biden criticized corporate "price gouging" in response to voter discontent over the economy. He approved a plan to rebuke firms for not lowering prices despite record profits. Biden's remarks come as corporate profits exceeded labor costs, accounting for over 15% of national income. The White House aims to pressure large companies to lower prices and pass on savings to consumers. However, economists disagree on the impact of corporate "greed" on inflation.
[6.8]67 countries criminalize gay sex, impacting HIV rates (The Guardian)2d
UNAids reports 67 countries criminalize gay sex, with nearly half in Africa. In these countries, HIV prevalence rates among gay men are five times higher. Uganda's harsh anti-LGBTQ+ laws have led to human rights violations and reduced HIV services. 1.3 million people were infected with HIV last year, with 9.2 million lacking treatment. Five countries achieved 2025 targets for HIV treatment. A vaginal ring to reduce HIV risk gained approval in 11 African countries.
[6.5]New rules restrict China's role in US EVs (Financial Times + 1)2d
The Biden administration has announced new rules to restrict China's role in US electric vehicle supply chains. From January, EVs made in the US with Chinese battery components or ties to the Chinese government will be ineligible for full subsidies. The move aims to break China's dominance in cleantech manufacturing. However, it may reduce the number of eligible EV models and impact the administration's goal of 50% electric vehicle sales by 2030.
[6.8]Pfizer's weight loss pill trials had significant side effects (Financial Times + 3)2d
Pfizer's weight loss pill, danuglipron, caused significant side effects in trials, leading to a 4% drop in pre-market trading. The pill showed high rates of gastrointestinal side effects, with up to 73% experiencing nausea and 47% vomiting. Pfizer will focus on developing a once-daily pill. Novo Nordisk and Eli Lilly dominate the market, estimated to be worth up to $140bn. Other companies, including AstraZeneca, are eager to enter the market.
[6.6]Masdar plans 150MW solar project in Angola (Reuters + 1)2d
Masdar plans a 150MW solar project in Angola to power 90,000 homes and boost economic growth. The project, part of a 5GW commitment, was announced at COP28. Angola aims to increase electrification to 60% by 2025. The UAE supports Africa's renewable energy potential. No cost details were provided. The project is in the Quipungo region. The UAE's Masdar is a key player in Africa's renewable energy development.
[6.8]49% of under 35s have hearing issues (The Telegraph)2d
A 2023 study found that 49% of under 35s have "less than normal hearing," with a quarter experiencing hearing loss and two in five having "probable" hearing loss. The "speech-in-noise" test revealed difficulties in hearing speech in noisy environments and identifying sound direction. Unsafe listening and urban noise are cited as causes. Following the 60/60 rule (listening at 60% volume for no more than 60 minutes) is recommended to prevent further damage.
[6.9]ACP aims to attract $825 million for climate projects (Reuters)2d
Allied Climate Partners (ACP) is launched with $235 million from charitable donors and aims to attract a total of $825 million. The venture targets to generate $11 billion in investments for climate-related projects in developing countries. ACP's structure aims to mitigate risk and attract private investment, with philanthropic capital absorbing initial risk. The initiative involves partnerships with major organizations and aims to catalyze climate finance in developing countries.
[7.0]Babies learn language from rhythmic information, not phonetic sounds (The Guardian)2d
A study from the University of Cambridge reveals that babies learn language from rhythmic information, not phonetic sounds, challenging previous beliefs. Infants process phonetic information at around seven months, with rhythm being crucial for language development. The research suggests that dyslexia and language disorders may be linked to rhythm perception. The study, published in Nature Communications, recommends talking and singing to babies to improve language outcomes.
[7.1]Surge in youth gambling addiction prompts concern (The Guardian US)2d
The United States is facing a surge in gambling addiction among young people, with treatment clinics and helplines reporting record levels of calls. The legalization of sports betting has led to a dramatic increase in youth gambling, with New Jersey experiencing a doubling of support requests. The trend is nationwide, with more young people seeking treatment. Calls for regulatory crackdown and preventive measures are growing as the industry thrives.
[6.9]Apple's in-house chip design is a game-changer (CNBC)2d
Apple's shift to in-house chip design has been a game-changer. The company's custom silicon powers its popular products, with all new Macs now using Apple's own chips. The team has grown to thousands of engineers worldwide, focusing on system on a chip (SoC) designs. The latest A17 Pro chip, based on 3-nanometer technology, enables advanced graphics rendering for the iPhone 15 Pro. Apple's move away from Intel processors to its M1 chip has also been a significant leap. However, the company still relies on third parties for components like modems and memory.
[6.5]Zelenskyy urges faster fortifications against Russian assaults (CNBC + 1)2d
Ukrainian President Zelenskyy urges faster fortifications in key battlegrounds facing Russian assaults. Ukrainian air force claims to have shot down 18 out of 25 attack drones from Russia, along with a guided cruise missile. Russia's navy reports destroying a Ukrainian vessel. US prepares with Ukraine for expected Russian attacks on infrastructure. Russian Foreign Minister's attendance at a European security meeting causes controversy.
[7.3]U.S. ETFs hit record $7.65 trillion in assets (Reuters + 1)2d
In November, U.S. exchange-traded funds (ETFs) reached a record $7.65 trillion in assets, with high-yield bonds attracting a record $11 billion in inflows. The S&P 500 had its biggest monthly gain in over a year, and the 10-year Treasury yield saw its steepest decline in more than a decade. Additionally, 61 new ETFs were launched, putting the industry on track to set a new record in 2023.
[6.5]Gaza truce collapses, Cybertruck price increases, Biden backup (Reuters)2d
Fighting resumes in Gaza as a week-long truce collapses. Tesla's Cybertruck is priced 50% higher than estimated. Democrats lack a backup plan for 2024 if Biden drops out. A mystery illness is affecting dogs in the United States. For more information, visit the Thomson Reuters Privacy Statement. (Word count: 40)
[6.5]New coast guard station on Thitu Island counters China (Reuters + 2)2d
The Philippines has constructed a new coast guard station on Thitu Island in the South China Sea, equipped with advanced technology to monitor Chinese vessels and aircraft. Tensions have risen as the Philippine coast guard observed a Chinese navy ship and militia vessels near the island. The facility aims to counter "gray-zone tactics" and illegal behavior. Thitu Island is strategically important and subject to conflicting territorial claims. The South China Sea sees over $3 trillion in trade annually.
[7.3]World Bank to increase climate project spending (Reuters)2d
The World Bank plans to increase its annual spending on climate-related projects to 45% of its financing from 2024 to 2025, up from the current 35%. This policy overhaul, led by new president Ajay Banga, will allocate $40 billion, $9 billion more than previously planned, to address climate change and hunger. The bank aims to expand programs and boost lending power. (Words: 65)
[7.0]Fed officials shift from dovish to hawkish (Reuters + 1)2d
The article discusses the shift in monetary policy leanings of U.S. Federal Reserve officials from universally dovish to uniformly hawkish due to the pandemic's economic impact. As inflation and labor market conditions improve, policymakers' outlooks for Fed policy have become more balanced and nuanced. The article provides a chart detailing officials' outlooks and notes that most policymakers did not expect further rate hikes by the end of the year.
[6.9]Offshore wind projects face cost and supply challenges (Reuters)2d
Offshore wind projects on the U.S. East Coast face uncertainty due to soaring costs and supply chain challenges. Developers canceled contracts and wrote down billions of dollars, with at least ten projects seeking to renegotiate prices. The Biden administration's Inflation Reduction Act aims to boost clean technology economics, but delays may impact its goal of installing 30 GW offshore wind by 2030. States plan to adjust bid processes to protect against future cost rises. Industry experts emphasize the need for clear project pipelines and the potential for joint procurement to minimize costs.
[6.7]1946 mistranslation of 1 Corinthians 6:9 explored (The Guardian)2d
The documentary "1946: The Mistranslation that Shifted Culture" explores the 1946 mistranslation of 1 Corinthians 6:9, introducing the word "homosexual" to the Bible. It reveals the mistranslation's impact on the Christian anti-gay movement and the LGBTQ+ community. The film uncovers the mistranslation's historical and personal repercussions, aiming to correct the misinterpretation. Despite facing backlash, the documentary has garnered support and aims to spread its message widely. It holds significance beyond Christianity, impacting people globally.
[6.9]PCAF requires banks to report and reduce emissions (Reuters)2d
The Partnership for Carbon Accounting Financials (PCAF) has launched a methodology requiring banks to report and reduce carbon emissions from their capital markets deals. Banks like Citi and Morgan Stanley have excluded these emissions from reduction targets until now. PCAF's approach allows banks to account for 33% of emissions linked to their capital markets businesses. Some banks, like JP Morgan and Goldman Sachs, have developed their own methodologies. Sierra Club urges banks to set targets for reducing facilitated emissions.
[7.1]Olaf Scholz launches Climate Club at COP28 (Reuters + 1)2d
German Chancellor Olaf Scholz announced the launch of an international Climate Club to aid developing nations in decarbonizing hard-to-abate industries. The club has 36 members and aims to standardize CO2 intensity calculation, define near-zero emissions for steel and cement, and match needs with technical and financing instruments. This initiative was revealed at the UN COP28 climate summit in Dubai. The club will provide investment signals and guidance for other countries.
[6.8]Google Drive files disappearing after desktop app update (The Independent + 2)2d
Google Drive users are reporting files disappearing after a recent update to the desktop app. Hundreds of complaints have been made, with some users losing months of files. Google is investigating the issue and has warned users not to press the "Disconnect account" button, which could exacerbate the problem. The company has not provided further information or a solution. Users are advised not to delete the app data folder and to back it up.
[7.2]Bill Gates optimistic about climate solutions at COP28 (CNBC)2d
Microsoft co-founder Bill Gates expressed optimism at the U.N. climate conference in Dubai, emphasizing the need for support from policymakers and business leaders to scale up promising climate solutions. The COP28 summit, with over 160 world leaders and 70,000 delegates, aims to accelerate action on the climate crisis. Gates highlighted the importance of facilitating innovation and scaling up efforts as his "big hope" for the conference.
[7.0]Global markets optimistic despite economic concerns (Reuters)2d
Global markets are optimistic about a soft landing for the world economy despite concerns. The U.S. economy grew 5.2% in Q3, but unemployment is rising. Inflation slowing quicker than expected has led to bets on central bank rate cuts. Traders are doubling down on 2024 rate cut bets. Corporate defaults have nearly doubled in 2023. Oil prices have dropped around 14% in the past two months. If Brent crude reaches $150, a "mild and fleeting" global recession could result.
[6.5]Federal Court ruling reveals discrepancies in voluntary assisted dying laws (ABC News)2d
A Federal Court ruling has revealed discrepancies between state and Commonwealth laws on voluntary assisted dying. State leaders and the Australian Medical Association are advocating for changes to Commonwealth laws, particularly for telehealth consultations, to ensure access for rural and regional Australians. The ruling found a direct inconsistency between state and Commonwealth laws, impacting doctors and patients. The federal government is considering its position, with Prime Minister Anthony Albanese expressing concerns about telehealth appointments for voluntary assisted dying counseling.
[7.3]Evergrande default causes housing market crisis in China (The New York Times + 2)2d
China's Evergrande default has caused a housing market crisis, affecting other developers and leaving many families worried about their wealth. The company's financial decline has led to little hope for investors. Hundreds of thousands of buyers are still owed homes, workers remain unpaid, and creditors are in dispute. A Hong Kong court is expected to make a final decision on the debt settlement, with a small chance of Evergrande presenting a new restructuring deal.
[7.0]12-step Brain Care Score reduces dementia and stroke (Harvard Gazette)3d
A study published in Frontiers in Neurology reveals a 12-step Brain Care Score (BCS) can significantly reduce the risk of dementia and stroke. The BCS covers physical, lifestyle, and social-emotional components and was validated with 398,990 UK Biobank participants. Higher BCS correlated with a lower risk of dementia and stroke, with a 59% lower risk for dementia and 48% lower risk for stroke in adults under 50. The study emphasizes the importance of improving BCS over time for reducing the risk of brain diseases.
[6.8]ACWA Power and PowerChina building green hydrogen plant (Reuters)3d
Saudi-listed ACWA Power and Chinese state-owned PowerChina have started building the first green hydrogen plant in Uzbekistan. The plant will produce 3,000 metric tons of green hydrogen annually, powered by a wind farm. This will replace 33 million cubic meters of natural gas and produce 500,000 tons of ammonia fertilizer. The project is part of China's Belt and Road initiative, focusing on renewable energy. China aims to produce 100,000 to 200,000 tons of green hydrogen yearly.
[6.9]El Nino to reduce off-season rice production (Reuters)3d
Dryness is expected to reduce off-season rice production in India, Thailand, and Indonesia due to El Nino weather forecasts. Asian rice prices have surged 30-40% in 2023, leading to increased imports by Indonesia and the Philippines. India and Thailand are likely to restrict exports due to lower surplus, while Indonesia and the Philippines are securing supplies. Soil moisture and reservoir levels are below normal, impacting winter crop yields.
[6.9]CDC warns against pre-cut cantaloupes due to salmonella (The Washington Post)3d
The CDC warns against consuming pre-cut cantaloupes due to a salmonella outbreak linked to Malichita and Rudy brands. 117 cases have been reported in 34 U.S. states, with 2 deaths and 61 hospitalizations. Canada has reported 63 illnesses and 1 death. The recall has expanded to include products from various retailers. Symptoms include fever, diarrhea, and abdominal pain. Those at risk should seek medical attention. The FDA advises discarding any uncertain cantaloupe products.
[6.9]Consider unexpected trades for potential hedging opportunities (The Australian Financial Review)3d
In 2023, contrary to predictions, the US and global economies remained resilient, tech stocks rallied, and China's reopening disappointed. Bank of America's chief strategist suggests contrarian trades, such as betting on falling oil prices and buying beaten-up stocks. He also advises preparing for potential geopolitical improvements, a global economic hard landing, and unexpected central bank actions. The article emphasizes the importance of considering unexpected trades as potential hedging opportunities.
[6.9]Continuous glucose monitoring improves diabetes management (The Conversation)3d
Monitoring blood glucose levels is crucial for diabetes management. Finger prick tests, used for infrequent testing, are still in use, but continuous glucose monitoring has transformed testing for those needing insulin. Continuous monitoring provides real-time information and alarms for low or high glucose levels, but has a time lag and cost considerations. Implantable devices are in development. It's important to consult medical professionals when choosing a monitoring device.
[7.3]Long-term foreign capital exiting China due to economic concerns (Reuters + 1)3d
Long-term foreign capital is exiting China, with 22 major funds managing $4.3 trillion showing no positive outlook for China's economy. China recorded its first-ever quarterly deficit in foreign direct investment, with outflows exceeding $100 billion in the first three quarters of 2023. China's regulatory crackdowns and cross-border investment curbs are affecting new equity listings and mergers. Despite some recent upgrades of China's growth forecasts, manufacturing activity shrank in November.
[6.9]Apple released security updates for WebKit vulnerabilities (TechCrunch + 6)3d
Apple released security updates for iPhones, iPads, and Macs to fix two actively exploited vulnerabilities in WebKit, the browser engine powering Safari. The updates, iOS and iPadOS 17.1.2, and macOS 14.1.2, address the remote code execution flaws. Apple also updated Safari to 17.1.2 for older macOS versions. Google's Threat Analysis Group disclosed the vulnerabilities, and Google patched a zero-day vulnerability in Chrome within four days.
[7.3]Get COVID-19 booster before festive season (ABC News)3d
Experts recommend getting a COVID-19 booster before the festive season. Rapid antigen tests are effective against new strains, but multiple exposures increase the risk of long-term illness. Victoria is experiencing a rise in hospitalizations and deaths, with the EG.5 variant prevalent. Booster vaccinations are crucial, and new monovalent vaccines targeting the XBB.1.5 variant will be available in Australia from December 11. It's important to ensure eligibility and stay updated with health advice.
[6.5]New sanctions imposed on North Korea (Reuters + 6)3d
The United States imposed fresh sanctions on North Korea after its recent spy satellite launch. The sanctions target foreign-based agents facilitating sanctions evasion and a cyber espionage group, Kimsuky, accused of supporting North Korea's strategic and nuclear ambitions. The action, coordinated with Australia, Japan, and Korea, freezes assets and generally bars Americans from dealing with the targets. The U.S. Treasury Department's statement emphasized collective commitment to contesting Pyongyang's illicit activities. The sanctions also targeted Iran and China-based representatives of U.S. and UN-designated Green Pine, responsible for half of North Korea's arms exports.
[6.6]Tesla Cybertruck unveiled with higher than expected prices (The Australian Financial Review + 7)3d
Tesla unveiled the long-awaited Cybertruck with prices starting at $US60,990 ($92,300), over 50% higher than initially touted. The electric pick-up boasts a 6x4 ft truck bed, 2500 lbs payload, 11,000 lbs towing capacity, and 17-inch ground clearance. The all-wheel drive and “Cyberbeast” variants are priced at $US79,990 and $US99,990. Elon Musk handed keys to customers at the event in Austin, Texas, following production challenges.
[6.8]Gaza hospital faces dire conditions during war (ABC News)3d
Hind Abu Hamad, head nurse at Gaza's Al-Shifa Hospital, faced dire conditions during the war. The hospital, once a refuge, is now in the war zone. More than 200 healthcare workers have been killed, and over 215 injured. The hospital's dire state was revealed by a UN assessment. Hind, the family's sole breadwinner, worries about their survival. The hospital director has been arrested. Her livelihood and family's survival depend on her return to work.
[6.6]Coinbase CEO criticizes SEC, plans to invest abroad (CNBC)3d
Coinbase's CEO, Brian Armstrong, criticized the U.S. SEC and announced plans to invest more outside the U.S. In November 2023, Coinbase shares surged over 60%, marking their second-best monthly performance since going public in 2021. The company's stock climbed over 250% in the first 11 months of 2023. Meanwhile, former FTX CEO Sam Bankman-Fried faces potential life imprisonment, and Binance founder Changpeng Zhao pleaded guilty to violations. Binance's market share fell, and customers withdrew over $1 billion after the Justice Department's $4.3 billion settlement. Mizuho analysts noted a 20% increase in Coinbase shares since Zhao's settlement. Coinbase is the fourth-largest global exchange by daily volume and has a market cap of close to $30 billion. The company's shares fell 2.4% to $124.72 on Thursday. Coinbase executives have considered leaving the U.S. for a jurisdiction with clearer crypto regulations. Regulatory approval of U.S. spot bitcoin exchange-traded funds could impact Coinbase's business. JPMorgan analysts have a neutral rating on Coinbase stock and a $80 price target.
[7.0]Remote work is a permanent fixture in the US (CNBC)3d
Remote work in the US has become a permanent fixture, with 28% of paid workdays being from home in 2023, compared to 7% pre-pandemic. Office occupancy has flatlined at around 50%. Workers value remote work for its flexibility and time-saving benefits, equating it to an 8% pay raise. Companies benefit from reduced costs and better retention. Remote work is now part of a diverse "hybrid" arrangement, with 47% of employees working from home. The trend is expected to continue beyond 2025, with a potential decline only in the event of a severe recession.
[6.5]AI-selected images enhance brain visual processing study (Neuroscience News)3d
Researchers at Weill Cornell University used AI-selected and generated images to study the brain's visual processing. Functional MRI recorded heightened brain activity in response to these images, surpassing control images. The approach enabled tuning visual models to individual responses, enhancing the study of the brain's reaction to visual stimuli. This method could revolutionize neuroscience and therapeutic approaches. The study was published in Communications Biology on Oct. 23, 2023.
[6.6]Sunak blames Johnson for record net migration (The Guardian)3d
Chancellor Rishi Sunak blames PM Boris Johnson for record net migration of 745,000 in 2022, post-Brexit. He vows to bring it down, despite estimates of 672,000 for 2023. Pressure from Conservative MPs for stricter visa rules. Sunak plans to reduce dependants and raise visa fees by 35%. Government considers cutting dependants for foreign care workers. Former home secretary claims PM reneged on migration policies. Concerns raised over economic impact of severe migration restrictions.
[6.8]Australia faces decisions on 30 fossil fuel developments (The Guardian)3d
Australia faces decisions on 30 fossil fuel developments, potentially releasing over 20bn tonnes of CO2. This exceeds Australia's remaining 1.5C "carbon budget" and is about 40% of annual global emissions. Most emissions would be overseas, not counting against Australia. Greenpeace urges action at UN Cop28. The list includes a 6.1bn tonne gas project and 2.3bn tonne coalmine expansions. Changes to offset emissions are in progress. The impact may exceed estimates.
[6.8]Lactobacillus in fermented foods may help manage stress (Neuroscience News + 2)3d
Researchers at the University of Virginia have identified the crucial role of Lactobacillus, found in fermented foods and yogurt, in managing stress and potentially preventing depression and anxiety. The study isolated the effects of Lactobacillus, showing its specific role in maintaining interferon gamma levels, important for stress management. This groundbreaking research offers new avenues for developing treatments for mental health conditions. The findings were published in the journal Brain Behavior and Immunity.
[6.6]Sleep deprivation impairs decision-making and risk perception (Neuroscience News)3d
A recent study from the University of Ottawa and the University of Pennsylvania found that a single night of sleep deprivation significantly decreases brain activation related to win and loss outcomes during decision-making. The research involved 56 healthy adults and highlighted the impact of sleep loss on risk perception and emotional responses. The study emphasizes the critical role of adequate sleep in maintaining effective decision-making abilities, particularly in high-stress professions.
[6.6]Mars aims to end child labor by 2025 (CNBC)3d
Mars aims to end child labor in its cocoa supply chain by 2025, with over 65% compliance in West Africa. CBS News reported discrepancies in Mars' progress, prompting an urgent investigation. Mars stated it condemns child labor and is prepared to take action against non-compliant suppliers. The company faces a lawsuit related to child labor, similar to one dismissed by the U.S. Supreme Court in 2021. Mars has a Protecting Children Action Plan and invests hundreds of millions of dollars to address the issue.
[6.5]Heavy rainfall in Victoria's east causes flooding (The Age + 1)3d
Heavy rainfall in Victoria's east has put multiple Gippsland towns on flood alert, with nine watch-and-act alerts active. Mallacoota is isolated due to a landslide blocking the Mallacoota-Genoa Road. Resident Dale Winward described the flooding as the worst in his 53 years in the coastal town, with floodwater covering the only road into the town. Other low-lying roads are also flooded.
[7.1]Fed signals end to rate hikes, cautious about future (Reuters + 5)3d
Federal Reserve signals end to interest rate hikes, but remains open to further tightening if inflation stalls. Price pressures easing, labor market cooling. PCE price index rose 3% in October, above 2% target. Unemployment rate at 3.9%. Treasury Secretary Yellen believes no drastic tightening needed. Fed policymakers cautious, uncertain about future path. Market expects rate cuts, but Fed officials emphasize need for further progress before declaring mission accomplished. Fed to hold next policy meeting on Dec. 12-13.
[6.6]China's manufacturing activity contracts, Eurozone inflation falls (Financial Times + 6)3d
China's manufacturing activity contracted for the second consecutive month in November, with the official manufacturing purchasing managers' index at 49.4, below the forecast of 49.8. The non-manufacturing PMI also decreased to 50.2, the lowest since December 2020. Analysts expect China's economy to "dip" at the end of 2023 and into 2024. Inflation in the eurozone fell to 2.4% in November. Other news includes PwC's fine, Nelson Peltz's proxy battle at Walt Disney, and Opec+ members' agreement to make additional voluntary cuts to oil production in 2024.
[6.5]Brands pull ads from social media platform X (CNBC + 8)3d
Walmart announced it has ceased advertising on social media platform X, following a trend of brands dropping the site since Elon Musk's acquisition in October 2022. The platform faced an exodus due to concerns about antisemitic content, exacerbated by Musk's recent controversial comments. Major brands like Apple, Walt Disney, and Warner Bros Discovery also suspended their ads on X due to concerns about ads appearing next to antisemitic posts.
[6.8]Series of storms to bring heavy rain, flooding (The Washington Post + 3)3d
A series of storms are heading for the Pacific Northwest, bringing heavy rain and strong winds. Lower elevations could see 4 to 8 inches of rain, with up to 20 inches in the mountains. The National Weather Service warns of flooding, landslides, and travel disruptions. The storms are expected to last several days, with Seattle and Portland facing significant rainfall. High elevations may see 2 to 4 feet of snow. The region faces a growing flood risk as temperatures rise.
[6.7]Russian security forces raid LGBTQ+ venues, label movement extremist (The Associated Press + 4)3d
Russian security forces raided LGBTQ+ venues in Moscow following a Supreme Court decision to label the movement as extremist. The ruling is part of a decade-long crackdown on LGBTQ+ rights under President Putin. The decision has led to the closure of several LGBTQ+ venues. The court's broad definition could allow authorities to target individuals or groups. Other laws have restricted LGBTQ+ rights, including a ban on same-sex marriage and gender transitioning procedures. LGBTQ+ activists fear further restrictions and discrimination.
[7.8]Global malaria cases surge, reaching 249 million (The Washington Post + 6)3d
The World Health Organization reported a surge in global malaria cases, reaching about 249 million in 2022, with 608,000 deaths. Extreme weather events, conflicts, and humanitarian crises drove the increase, with Pakistan, Ethiopia, Nigeria, Uganda, and Papua New Guinea being the most affected. Climate change is expected to exacerbate the situation, potentially putting over 5 billion people at risk by 2040. The warming planet is creating more favorable conditions for malaria transmission.
[6.9]Microsoft to invest $3.2 billion in Britain (Reuters)3d
Microsoft plans to invest 2.5 billion pounds ($3.2 billion) in Britain over three years, its largest investment in the country. The funding will double Microsoft's datacentre footprint, supporting AI development. This commitment follows UK's antitrust regulator's approval of Microsoft's acquisition of Activision Blizzard. The investment includes bringing over 20,000 advanced Graphics Processing Units to Britain and a training plan for AI skills. This will underpin future AI growth in the UK.
[6.6]Clayful secures $7 million to improve student mental health (TechCrunch)3d
Clayful, a mental health platform for students aged 8-18, secured $7 million in funding from investors like Google Latino Founders Fund. It connects students with mental health experts in 60 seconds via instant messaging. The startup aims to address the shortage of school counselors and improve students' mental well-being. It offers chat-based support in 133 languages, and claims that students who used its services had significantly better attendance rates. The company plans to use the funding to expand its team and reach more schools and students.
[6.6]Google Messages reaches 1 billion monthly active users (The Verge + 1)3d
Google announced that over 1 billion monthly active users are now using RCS in Google Messages. New features include a Contact Poster-like profile, Photomoji, and the ability to attach an emoji to voice messages. Google is working with Apple to improve group chats between Android and iOS, aiming to include end-to-end encryption and additional features in the RCS universal profile 2.0.
[7.4]World AIDS Day 2023 celebrates progress in HIV fight (UN News + 6)3d
The World AIDS Day 2023 commemorates the efforts of individuals and organizations in the fight against HIV. WHO Director-General Tedros Adhanom Ghebreyesus praised their impact, leading to innovations like a once-a-day HIV pill. Despite progress, 9.2 million lack treatment, and 1,700 die daily from HIV-related causes. WHO emphasizes the need for continued funding to reach global targets and support grassroots communities. UNAIDS report highlights the role of communities in driving down treatment costs.