Hey big spender: UK’s Sunak promises higher public spending

UK Finance Minister Rishi Sunak said he will boost public spending, thanks to a stronger than expected pick-up in economic activity. British finance minister Rishi Sunak is ready to open the government’s wallet in a bigger way. On Wednesday, Sunkak said he will boost public spending, thanks to a stronger than expected pick-up in economic … Read more

Fiat Chrysler nears guilty plea in emissions fraud: Report

Fiat Chrysler Automobiles (FCA) is nearing an agreement to plead guilty to criminal conduct to resolve a multiyear emissions fraud probe surrounding Ram pick-up trucks and Jeep sport utility vehicles with diesel engines, people familiar with the matter have said. FCA lawyers and US Justice Department officials are brokering a plea deal that could be … Read more

French grid: New nuclear reactors crucial for net-zero path

France must build 14 new nuclear reactors, alongside a surge in renewables investment by 2050, if it is to meet its carbon-neutral goals at the cheapest cost, and without endangering supply, the country’s grid operator said in a report. It foresees a 35% jump in electricity demand to decarbonize transport and manufacturing, highlighting the challenges faced … Read more

Top oil exporter Saudi Arabia vows zero carbon emissions by 2060

One of the world’s largest oil producers, Saudi Arabia, announced it aims to reach “net zero” greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to try and curb man-made climate change. The announcement on Saturday, made by Crown Prince Mohammed bin Salman in scripted remarks at the start of … Read more

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