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Business

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Finance

High fossil fuel prices spread inflation ‘like a cancer’, UN climate chief tells Cop31

Simon Stiell makes opening address at summit in Turkey, where talks are under way about speeding up shift to electrification A global fossil fuel price crisis is “spreading inflation like a cancer” around the planet, the UN’s climate chief, Simon Stiell, told the opening plenary of critical UN climate talks in Turkey. Stiell joined Cop31 hosts Turkey and Australia, which is leading the negotiations, in promoting renewable energy and a new electrification goal as an optimistic alternative to a planet still tied to oil, coal and gas. Continue reading...

The Guardian
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Finance

How to get the buzz back on Britain’s high streets | Letters

Readers respond to an article about the decline of town centres Sammy Gecsoyler’s report from Rotherham (‘It’s just vape shops, nail shops, charity shops’: can anything save the British high street?, 4 November) tells the story in its dates. One out-of-town retail park in Britain in 1981; 385 by 1996. Parkgate opened in 1987 and MPs warned that it would disembowel towns and villages. It did. Rotherham town centre is now 24% vacant, while retail park vacancy nationally sits at 4.8%. That is not a mystery. It is 40 years of planning policy. We have since gone one step further by making home deli

The Guardian
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Finance

Nvidia’s board needs to do some succession planning – sharpish | Nils Pratley

The chipmaker faces business risks and political scrutiny due to its over-reliance on founder and CEO Jensen Huang Why is Nvidia’s Jensen Huang at the centre of a US-China row? Too big – and too well-connected – to sack? One doesn’t have to be overly cynical to think Jensen Huang, the Nvidia boss, starts with one huge advantage as the chipmaker’s board starts its independent investigation into the alleged honeytrap spy scandal. The world of US big tech is not, to put it mildly, strong on checks and balances on a founder’s power. Huang does not enjoy the supercharged voting rights that are par

The Guardian
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Finance

Elon Musk and the tech bros banked on Trump and lost. Humbled, humiliated: what will they do next? | Jonathan Liew

Democrats won seats on anti-datacentre tickets and Musk wasted nearly half a billion dollars. Big tech may be losing its grip, but it won’t go quietly Photos That Precede Unfortunate Events: a couple of months back, Donald Trump hosted some of the world’s most powerful tech executives at the White House for a “Super Intelligence luncheon”, which by coincidence is also how my mum described her tuna sandwiches in a forlorn attempt to get me to eat them. Sitting either side of the president were Elon Musk, making a rare offline appearance in daylight hours, and Jensen Huang, the Nvidia chief exec

The Guardian
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International

EU to crack down on influencer marketing

The EU will clamp down on influencer marketing and ban online features that trick Europeans under plans to overhaul the bloc's consumer protection rules, according to documents seen by AFP on Monday.

France 24
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