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pylons Ed Miliband has blocked new energy projects from joining the National Grid, dealing a significant blow to the Government’s net zero ambitions. The National Energy System Operator (Neso), which is overseen by the Energy Secretary, announced the temporary ban on Wednesday. It said the move was necessary to reduce a huge backlog across the … Read more

(Reuters) – BNY reported a 27% jump in its fourth-quarter profit on Wednesday as it earned higher investment services fees from its clients. The bank’s fees, typically calculated as a percentage of assets under custody, benefited from the acquisition of new clients, a market rally due to the Federal Reserve’s interest-rate cuts and U.S. President-elect … Read more

PARIS (Reuters) – Any moves to pursue financial deregulation by the incoming U.S. administration would increase the risk of a financial crisis occurring one day, France’s central bank governor warned on Wednesday. U.S. President-elect Donald Trump’s return to office has raised the prospect of radical changes to the U.S. regulatory framework built up over decades … Read more

Currys has said it will pay dividends to shareholders for the first time in two years.Photograph: Phil Noble/Reuters Currys has announced it is to bring in more automation and that it is entering a period of “depressed hiring” after changes to employers’ national insurance, though it said the consumer environment “perked up” over the festive … Read more

A desire to “meet every concern and objection” over HS2 causes delays and extra costs for the high-speed railway project, according to the Government’s independent adviser on infrastructure. Sir John Armitt, chairman of the National Infrastructure Commission, told MPs a “private sector approach” would have been to say “Sorry, I have not got any more … Read more

By Sriparna Roy and Amina Niasse (Reuters) – Analysts and investors are awaiting details behind UnitedHealth Group’s 2025 outlook when it reports quarterly results on Thursday, after its investor day presentations were canceled last month by the murder of executive Brian Thompson outside the New York hotel where the meeting was set to take place. … Read more

By Stefanie Eschenbacher, Luciana Magalhaes and Simon Jessop SAO PAULO (Reuters) – The world’s largest meatpacker, JBS, became in 2021 the first of its peers to commit to cutting or offsetting all its emissions by 2040, and to ending illegal deforestation across its long supply chain that starts in the heart of the Brazilian Amazon. … Read more

The US markets regulator has filed a lawsuit against Elon Musk, alleging he failed to properly disclose the stake he had amassed in Twitter before buying the platform, allowing him to buy shares at lower prices. The Securities and Exchange Commission (SEC) said in its filing that the Tesla boss saved around 150 million dollars … Read more

(Bloomberg) — The number of illegal miners who’ve died in a months-long standoff with the South African authorities increased to 51, the security forces said. Most Read from Bloomberg The final phase of an operation that began in October is under way to force an unknown number of people out of the disused gold mine … Read more