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World Economy Mar 30, 2026

UK Net‑Zero Push Threatens Industrial Competitiveness and Energy‑Poor Households, Warns Investor Paul Marshall

Investor Paul Marshall argues that the UK's aggressive net‑zero agenda is inflating electricity pri…
The recent open letter from 60 clergy members, addressed to the author, underscores a shared concern for planetary stewardship and acknowledges that human‑generated carbon emissions are warming the climate. However, the signatories and the author diverge sharply on the appropriate policy response. Marshall contends that an outright ban on fossil fuels is both impractical and ideologically driven, creating a collective‑action dilemma for the UK. He notes that while the nation pursues a rapid net‑zero transition, major emitters such as India and China operate on markedly different timelines, and the United States has withdrawn from the Intergovernmental Panel on Climate Change (IPCC). This leaves Britain navigating a path of unilateral economic disarmament. Industrial electricity rates in the UK have surged to two‑and‑a‑half to three times those in China and four times those in the United States. Such cost differentials are eroding the global competitiveness of sectors ranging from steel and oil refining to chemicals, automotive manufacturing, and emerging AI industries. The result, according to Marshall, is a wave of factory closures, investment pull‑backs, and significant job losses across the nation's industrial heartlands. Beyond macro‑economic concerns, the policy’s social toll is stark. Older and low‑income households are bearing the brunt of soaring energy bills, with an estimated 2,500 excess deaths last year attributed to an inability to adequately heat homes. This humanitarian impact, Marshall argues, contradicts the very notion of “human flourishing” that climate advocates champion. While acknowledging that every policy entails trade‑offs, Marshall warns that the clergy’s proposal would impose severe personal costs on working‑class Britons without delivering the promised climate benefits. He concludes that the current net‑zero trajectory is unlikely to curb global warming and instead jeopardizes the UK's economic vitality and social wellbeing. Paul MarshallChair, Marshall Wace; personal investor in GB News
#our #people #net
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Technology Mar 30, 2026

Submersible Hydropower Rises in the Great Lakes as Trump Slashes Solar and Wind Subsidies

With the Trump administration withdrawing federal support for solar and wind, submersible hydropowe…
Submersible hydroelectric systems are emerging as a pivotal component of North America’s clean‑energy strategy, especially as the Trump administration eliminates key subsidies for solar and wind. The technology, already proven in Alaska and Maine, is now being deployed in the densely populated Great Lakes corridor, where electricity demand and prices are climbing sharply. Last month, Ocean Renewable Power Company (ORPC) announced its first urban installation on the St Lawrence River in Montreal, slated to launch two carbon‑fiber turbine units later this year. ORPC’s CEO Stuart Davies highlighted the river’s “consistent, high‑velocity water” and estimated a 60‑90 MW resource potential for the Montreal area alone. In parallel, ORPC is preparing a second project on the Niagara River near Buffalo, New York, and plans a future deployment on the lower Mississippi River between Baton Rouge and New Orleans. The timing coincides with record electricity price spikes across the Great Lakes. New York’s public service commission approved substantial rate hikes in September, and further increases are scheduled for 2027, while Michigan and Ohio face similar pressures driven by data‑center expansion. These economic pressures are driving interest in marine‑based power. Unlike traditional hydropower, ORPC’s devices resemble “push‑lawn‑mower blades” and can generate between 0.5 MW and 5 MW continuously, offering a potential baseload for industrial users and a reliable backup during grid outages. Environmental considerations remain central. While Quebec benefits from long‑standing, low‑cost hydropower, U.S. projects endure an average eight‑year licensing timeline. Critics worry about impacts on fish and wildlife, though ORPC cites its Alaska deployment—operating since 2019 without recorded fish injuries despite massive salmon migrations—as evidence of minimal ecological risk. Researchers are also expanding the technology’s reach to slower‑moving waters. University of Michigan professor Michael Bernitsas demonstrated the Vivace system on the St Clair River, capable of harvesting energy from currents as low as 0.5 m/s, suggesting broader applicability across the Great Lakes watershed. Operating in fresh water offers a distinct advantage: the absence of salt eliminates corrosion, extending turbine lifespan and reducing costs compared with ocean‑based projects. Some European tidal installations have even anchored devices to riverbeds to avoid ice damage, a practice ORPC may adopt. Financially, the sector benefits from a 40‑50 % investment tax credit that remains intact, even as the Trump administration phases out Biden‑era subsidies for solar and wind. The National Hydropower Association confirms that marine‑energy tax incentives will stay in place through at least 2033, reshaping the competitive landscape and attracting inquiries from entities in over 70 countries. As electricity bills rise and policy shifts favor alternative renewables, submersible hydropower could become a cornerstone of the Great Lakes’ energy mix, delivering resilient, low‑carbon power while navigating regulatory and environmental hurdles.
#lakes #energy #river
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Sport Mar 30, 2026

Cheltenham Cancels Remainder of Racing Season to Address Drainage Issues

Cheltenham has canceled its remaining racing fixtures for the season to undertake major drainage wo…
Cheltenham, the home of National Hunt racing, has made the unprecedented decision to cancel its three remaining meetings this season to address significant drainage problems on its home straight. The move impacts a combined total of nearly 25,000 spectators who were expected to attend the April and May fixtures.The issues came to light in January when a hole appeared in the home straight during the Trials meeting, delaying a race by 29 minutes. Subsequent assessments, including ground-penetrating radar surveys, led to the decision to undertake major drainage works over the summer.Jon Pullin, clerk of the course, emphasized that while drainage improvements are typically carried out at the end of each season, the scale of this project and Cheltenham's particularly dry summers necessitated bringing the work forward. The focus of the repairs is where the hole was discovered, which has caused challenges in other track areas.The next card at Cheltenham will be the first afternoon of the two-day Showcase fixture on October 23. Four races from the April meeting will be relocated to Market Rasen, Warwick, and Sandown, with the hunter-chase fixture on May 1 being staged at Warwick on the same evening.Guy Lavender, Cheltenham's chief executive, stated that the decision was made with careful consideration, highlighting the importance of giving the racing surface time to recover and allowing the grounds team to prepare for the next season.
#cheltenham #season #festival
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Sports Mar 30, 2026

Overwhelming Majority of Football Fans Believe Game is Better Without VAR

A recent survey by the Football Supporters' Association found that 91% of football fans believe the…
A recent survey conducted by the Football Supporters' Association has revealed that 91% of football fans believe the game is better off without Video Assistant Referees (VAR). The survey, which polled over 7,000 fans, found that the vast majority of respondents are dissatisfied with the VAR system, which has been in use for over eight years.The survey results show that only 2% of fans agree that VAR makes football more enjoyable, while 3% said it improves the experience of attending a match. In contrast, 81% of fans prefer watching matches without video technology. The survey also found that 96% of fans disagree with the statement that VAR decisions are generally resolved in a reasonable amount of time.While some fans approve of the introduction of in-stadium communication from referees to explain VAR decisions, other extensions of the VAR protocol were largely unpopular. For example, only 21% of fans agreed that VAR should adjudicate on whether corner kicks are awarded, a system set to be trialled at this summer's World Cup.The survey results may not necessarily influence the game's decision-makers, as competition organisers and big clubs are committed to the use of VAR. However, the International Football Association Board (Ifab) has announced a two-year review into the system's performance, which may lead to changes in how VAR is used.
#var #football #more
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Politics Mar 29, 2026

Pakistan Hosts Diplomatic Talks to De-escalate US-Iran Conflict

Pakistan is hosting diplomatic talks between Egypt, Turkey, Saudi Arabia, and Iran to de-escalate t…
Pakistan's capital, Islamabad, has become a hub for diplomatic activity as key regional powers converge to address the escalating conflict between the US and Iran. Egyptian Foreign Minister Badr Abdelatty, Turkish Foreign Minister Hakan Fidan, and Saudi Foreign Minister Faisal bin Farhan Al Saud have arrived for talks with Pakistani Deputy Prime Minister Ishaq Dar. The meetings aim to bring an end to the US-Israeli war on Iran, which has entered its 30th day and caused a global energy crisis. The conflict has led to a significant increase in tensions in the Middle East, with 20 percent of the world's oil and gas supplies passing through the Strait of Hormuz, which has been choked by Iran. Pakistan is walking a diplomatic tightrope, with close defense ties to Saudi Arabia and cultural ties to Iran. The country is also home to the second-largest Shia population in the world after Iran. Analysts describe Pakistan's role as a 'very delicate balancing act' as it tries to bring the Americans and Iranians back to the negotiating table. The diplomatic push is driven by severe economic fears, with millions of Pakistani citizens potentially losing their jobs in the Gulf region if the conflict spreads. The stakes are existential for Islamabad, which risks a major crisis if energy supplies decline. Experts point out that the enormous economic costs borne by the Gulf countries have dropped drastically due to the closure of the Strait of Hormuz. Iranian drone and missile attacks have targeted energy and industrial facilities, forcing petroleum companies to declare force majeure on supply contracts. The Islamabad gathering serves as a foundational step for an 'Islamic alliance' designed to counter the Israeli project in the region, address geopolitical vacuums, and mitigate uncertainties surrounding future US involvement.
#Pakistan #Egypt #Turkey
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Politics Mar 29, 2026

Iran's IRGC Claims Attacks on UAE and Bahrain Aluminium Facilities

Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed responsibility for missile and drone at…
Iran's Islamic Revolutionary Guard Corps (IRGC) has claimed responsibility for conducting missile and drone attacks on aluminium facilities in Bahrain and the United Arab Emirates (UAE). According to a statement carried by Iran's state broadcaster IRIB, the IRGC targeted sites on Saturday that were allegedly linked to US military bases in the Gulf states.The attacks resulted in injuries to two employees at Aluminium Bahrain (Alba) and significant damage to one of Emirates Global Aluminium (EGA) sites in Abu Dhabi, with six people injured. The IRGC stated that the strikes were in retaliation for a US-Israeli attack on Iranian industrial infrastructure launched from military bases hosting US forces in the Gulf states.The attacks have raised concerns about the global aluminium supply, with estimates suggesting that between 4 to 9 percent of the global supply comes from this region. The escalation of attacks in the Middle East has led to increased tensions, with Saudi Arabia intercepting and destroying 10 drones and the Kuwaiti National Guard shooting down four drones.Analysts warn that if Iran continues to match attack for attack, the situation could become very concerning, potentially leading to further escalation in the Gulf Cooperation Council. The attacks have also prompted Oman's Foreign Ministry to condemn the attacks on its territory, with authorities investigating the sources and motives behind the assaults.
#Iran #IRGC #Bahrain
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Tech Mar 29, 2026

Meta's Blame-Shifting Strategy Backfires in Landmark Social Media Addiction Trial

Meta's defense strategy in a landmark social media addiction trial, which blamed the plaintiff's me…
Meta's attempt to shift the blame for a young user's mental health issues away from its platforms and onto her family and offline social problems has backfired in a landmark social media addiction trial. The company, parent of Facebook and Instagram, employed a aggressive defense strategy that included highlighting the plaintiff's complaints about her mother in her teenage text messages and personal writings.The jurors, however, were not convinced by Meta's arguments and decided 10-2 in favor of the plaintiffs, awarding $4.2m in damages from Meta and $1.8m from co-defendant YouTube. This verdict could set a precedent for thousands of similar trials already in the works against social media companies.Meta's defense strategy drew backlash from parental advocates, who argued that the company was attempting to shift the blame away from its own design choices and onto parents and users. "For the biggest tech executives, I want to say something: stop blaming the parents. It's on you," said Julianna Arnold, a co-founder of advocacy group Parents Rise!.The trial's outcome reflects a growing distrust of social media companies and their impact on society. A Pew Research Survey found that around 64% of US adults believe that social media platforms have a negative impact on the country, and around two-thirds of Americans have a negative view of Meta CEO Mark Zuckerberg.The verdict has been celebrated by advocates for reining in big tech, who see it as a significant step towards holding social media companies accountable for their role in shaping societal harms. "This trial was proof that if you put CEOs like Mark Zuckerberg on the stand before a judge and jury of their peers, the tech industry's wanton disregard for people will be on full display," said Sacha Haworth, executive director of The Tech Oversight Project.
#Meta Platforms #YouTube #Facebook
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Environment Mar 29, 2026

Humpback Whale Stranded for Third Time on German Coast, Facing Slim Chances of Survival

A humpback whale, nicknamed Timmy, has become stranded for the third time on Germany's Baltic coast…
A humpback whale, approximately 10 metres long, has become stranded for the third time on Germany's Baltic coast. The mammal, believed to be male, appeared weakened and sick on Sunday, struggling to find a route back to the Atlantic.**The prognosis for the whale's survival is grim**, according to Burkard Baschek, a marine scientist. The whale's breathing frequency has reduced, and it no longer exhibits reactions to nearby vessels.Till Backhaus, the environment minister of Mecklenburg-Western Pomerania, established a 500-metre restricted area around the animal to give it a chance to rest and hopefully free itself. However, **the chances of success are relatively slim**, according to Baschek.The whale was first spotted in the Baltic on 3 March and reported stranded on a sandbank last week. Authorities used an excavator to deepen a channel and boats to create waves to help free the mammal, which was nicknamed Timmy. Despite being freed once, it became trapped again on Sunday.**The whale's respiratory rate has dropped considerably**, and it is not moving, according to Stephanie Gross of the Institute for Terrestrial and Aquatic Wildlife Research. Even if the whale frees itself again, it would need to navigate narrow straits and approximately 310 miles to reach relative safety.Humpback whales are not native to the Baltic, and experts suspect that the young whale followed a shoal of fish or became disoriented by the noise of a submarine. **The lack of salt concentration and nutrition in Baltic waters makes it difficult for humpbacks to survive in the long term**.
#Humpback whale #Timmy #Baltic Sea
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Politics Mar 29, 2026

Robert F Kennedy Jr's Peptide Plan: A Threat to Public Health Policy

Robert F Kennedy Jr's 'Make America Healthy Again' agenda includes plans to open up the sale of inj…
Robert F Kennedy Jr, the US health secretary, has unveiled a chaotic and unpredictable agenda for public health policy under his 'Make America Healthy Again' (Maha) initiative. His approach tends to favor personal choice and autonomy over large-scale, mandatory public health interventions, such as childhood vaccine requirements.The Maha agenda has raised concerns over the potential risks associated with injectable peptide drugs. Mr. Kennedy plans to open up the sale of 'about 14' of these drugs to the public, despite the US Food and Drug Administration (FDA) restricting 17 peptides in 2023 due to 'potential significant safety risks'. None of these peptides have been proven to be safe or effective for human use.The peptides in question are often promoted for biological enhancement, such as increasing muscle mass or cognitive benefits, but the evidence for these effects in humans is thin. Reports of people self-administering peptide therapies, usually bought from China 'for research use only', are widespread, particularly in Silicon Valley.The Maha project wants to make the grey market the only market, effectively sanctioning mass public use of unproven treatments. Peptides are clearly drugs and shouldn’t be allowed for widespread use without rigorous clinical trials. Opening loopholes for sale would undermine the precautionary principle that has successfully led public health policy for generations.It is also worth noting that other governments are unlikely to be as cavalier as Mr. Kennedy about peptides. However, people everywhere will continue to call for more personal choice and more bodily autonomy, and those conversations are important. The case for safety, proof, and regulation must be made to ensure that public health policy prioritizes the well-being of individuals.
#Robert F Kennedy Jr #peptide drugs #FDA
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