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TradeBriefs Editorial

From the Editor's Desk

Ramn Mndez Galain: This country runs on 98 percent renewable energy

Fifteen years ago, Uruguay was experiencing an energy crisis brought on by its reliance on fossil fuels; today, the nation produces 98 percent of its electricity from renewable sources (and even exports extra energy to neighboring countries). How did they turn things around so quickly? Uruguay's former secretary of energy, Ramón Méndez Galain, explains how they pulled off this unprecedented shift -- and shares how any other country can do the same.Continued here

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Metro Bank: What's going on and is my money safe?    
Metro Bank: What's going on and is my money safe?
Metro Bank\'s biggest shareholder is Spaldy Investments. It is an investment vehicle owned by Colombian billionaire investor Jaime Gilinski Bacal, who built one of the biggest banking empires in Latin America.






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Indigenous Peoples’ Day, Explained    
Indigenous Peoples’ Day, Explained
Mr. Biden issued a separate proclamation last year for Columbus Day, saying that “the hard work, dedication to community and leadership of Italian Americans in every industry make our country stronger, more prosperous and more vibrant.”


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Israel's central bank sells $30 billion in foreign reserves after shekel slides to seven-year low    
Israel's central bank sells $30 billion in foreign reserves after shekel slides to seven-year low
At dawn on Saturday during a major Jewish holiday, Palestinian militant group Hamas launched a multi-pronged infiltration into Israel — by land, sea and air using paragliders. The attack came hours after thousands of rockets were sent from Gaza into Israel.




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Could the Israel-Hamas war mean $5-a-gallon gas prices at the pump?    
Could the Israel-Hamas war mean $5-a-gallon gas prices at the pump?
Israel and Iran have a long history of tensions. Those tensions could now escalate, potentially threatening the flow of oil from Iran and, by extension, oil and gas prices in the United States.


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Gold Gains as Attack on Israel Bolsters Metal’s Haven Status    
Gold Gains as Attack on Israel Bolsters Metal’s Haven Status
The brewing political crisis in Israel has triggered “panic demand for safe-haven buying in gold,” said Priyanka Sachdeva, senior market analyst at Phillip Nova Pte. Both US Treasury yields and the US dollar continue “an upward trajectory on the back of the resilience of the US economy and will continue to limit the upside in non-yielding, dollar-denominated bullion,” she said.




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Sources: Team USA seeks Holiday for '24 Games    
Sources: Team USA seeks Holiday for '24 Games
Holiday, a five-team All-Defensive selection in the NBA, averaged 19.3 points for the Milwaukee Bucks last season. He also averaged career highs in rebounds (5.1) and free throw percentage (86%) for the Bucks, per ESPN Stats & Information. Holiday ranked in the top 5% in field goal percentage allowed as the closest defender last season among players to defend at least 700 shots, per Second Spectrum. Holiday arrived with the Celtics in a recent trade from the Portland Trail Blazers, who acquired him as part of the Damian Lillard blockbuster.


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After Hamas Attack, U.S. to Send Weapons and Warships to Support Israel    
After Hamas Attack, U.S. to Send Weapons and Warships to Support Israel
Michael D. Shear is a White House correspondent for The New York Times, covering President Biden and his administration. He has reported on politics for more than 30 years. More about Michael D. Shear




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Amid Strikes, One Question: Are Employers Miscalculating?    
Amid Strikes, One Question: Are Employers Miscalculating?
Noam Scheiber is a Chicago-based reporter who covers workers and the workplace. He spent nearly 15 years at The New Republic, where he covered economic policy and three presidential campaigns. He is the author of “The Escape Artists.” More about Noam Scheiber


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Green Energy Casts a Shadow Over a Cherished English Landscape    
Green Energy Casts a Shadow Over a Cherished English Landscape
Nick Winser, Britain’s electricity commissioner, wants to try to mitigate the sense of unfairness by paying lump sums to households near new infrastructure and setting up funds to help their communities gain access to low-cost green power. These projects benefit society, he said in an interview, but “often they don’t bring tangible benefits to the local communities they go through.”




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UAW Mack Trucks union members to join striking Detroit autoworkers on picket lines after voting down tentative deal    
UAW Mack Trucks union members to join striking Detroit autoworkers on picket lines after voting down tentative deal
\"We are committed to the collective bargaining process, and remain confident that we will be able to arrive at an agreement that delivers competitive wages and benefits for our employees and their families, while safeguarding our future as a competitive company and stable long-term employer. We look forward to returning to negotiations as soon as possible,\" he said Sunday night in a release.


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Major airlines suspend Israel flights after attacks    
Major airlines suspend Israel flights after attacks
\"We are continuously monitoring the security situation in Israel and are in close contact with the authorities,\" Lufthansa said in a statement. \"The safety of our guests and crew members has top priority for Lufthansa.\"




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Opinion | We Just Saw What the World Is About to Become    
Opinion | We Just Saw What the World Is About to Become
The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: [email protected].


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Pakistan Orders More Than a Million Afghans Out of the Country    
Pakistan Orders More Than a Million Afghans Out of the Country
“How can they uproot everything in such a short period?” Mr. Bukhari asked. “We’ve spent our lives as refugees and amid conflict, but our biggest concern is for our children. They have never experienced Afghanistan even for a day.”




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Mac Jones Benched Again While Patriots Suffer Worst Home Shutout In Franchise History    
Mac Jones Benched Again While Patriots Suffer Worst Home Shutout In Franchise History
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Geraldo Rivera Gives CNN An Unfiltered Response To Trump's Latest 'Vile' Comment    
Geraldo Rivera Gives CNN An Unfiltered Response To Trump's Latest 'Vile' Comment
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John Oliver Names And Shames Local Candidate Who's 'Emblematic' Of GOP Politics    
John Oliver Names And Shames Local Candidate Who's 'Emblematic' Of GOP Politics
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Cory Booker Recounts Harrowing Moment As Hamas Attack On Israel Began    
Cory Booker Recounts Harrowing Moment As Hamas Attack On Israel Began
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Sophie Turner Seemingly Nods To Taylor Swift In First Post Since Joe Jonas Split    
Sophie Turner Seemingly Nods To Taylor Swift In First Post Since Joe Jonas Split
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UK joins Europe's growing 'greenlash' with new pro-motorist policies    
UK joins Europe's growing 'greenlash' with new pro-motorist policies
\"Net zero isn\'t something that can be done to people by a political elite,\" she said, accusing the opposition Labour Party — currently ahead in the polls — of strong-arming the public into making greener choices.


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NSW drug law overhaul would allow users to work off their fine by seeking help    
NSW drug law overhaul would allow users to work off their fine by seeking help
“It is not mandatory for the police to issue an on-the-spot fine – this is another tool in their kit and police retain their discretion to deal with the matter as appropriate, including proceeding to court,” she said.


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Fringe-right favourite Amanda Stoker returns to politics as LNP moderates worry about her Christian faction ties    
Fringe-right favourite Amanda Stoker returns to politics as LNP moderates worry about her Christian faction ties
With polls pointing towards a difficult election for Queensland’s Labor government in 2024, the state opposition has so far avoided the sorts of factional and personality divisions that grounded its 2020 campaign. Frecklington never really recovered from an 11th hour backroom attempt to have her replaced.


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Labor should review decision to block extra Qatar Airways flights to Australia, Senate inquiry says    
Labor should review decision to block extra Qatar Airways flights to Australia, Senate inquiry says
McKenzie also said “the committee heard evidence that Australians could have been enjoying cheaper flights to Europe and the Middle East as early as April this year had the Government approved additional Qatar Airways flights” and that “clear evidence was provided of the aggressive use of market power by Qantas”.


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Woman in spit hood told Queensland prison guards four times she couldn't breathe before dying, inquest hears    
Woman in spit hood told Queensland prison guards four times she couldn't breathe before dying, inquest hears
Tafaifa spent nearly a year behind bars. At the time of her death she was also under investigation for another alleged incident, in which she was accused of spitting at a correctional services officer.


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Liberal party apologises to voice voters for giving advice labelled 'blatant disregard' of rules    
Liberal party apologises to voice voters for giving advice labelled 'blatant disregard' of rules
A spokesperson for the Liberal party said it had "long been part of the campaign process that both major parties - and indeed, some independents - offer postal vote applications to voters".


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Russia-Ukraine war live: Russian officials to discuss revoking key nuclear treaty; two killed in shelling in southern Ukraine    
Russia-Ukraine war live: Russian officials to discuss revoking key nuclear treaty; two killed in shelling in southern Ukraine
Poland’s president, Andrzej Duda, says that current violence between Hamas and Israel is useful for Russia in diverting the world’s attention and works in their favour. Duda argued in an interview with private broadcaster Polsat News on Sunday that conflict in the Middle East distracts international scrutiny away from Moscow’s aggression in Ukraine and may result in new migration pressures on Europe.


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'My trust is limited': feminist takes aim at Polish opposition    
'My trust is limited': feminist takes aim at Polish opposition
However, for all the talk of women's rights from the stage, it was noticeable that of the seven speakers only one was a woman: the youngest candidate for Civil Coalition, Wiktoria Bartosiewicz, from the city of Katowice. Tusk mistakenly introduced her as "Weronika".


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Russia-Ukraine war at a glance: what we know on day 593 of the invasion    
Russia-Ukraine war at a glance: what we know on day 593 of the invasion
Train traffic between North Korea and Russia has dramatically increased after the recent summit between leaders Kim Jong-un and Vladimir Putin, indicating a “likely” transfer of arms, according to a new report by Washington-based analysts. High-resolution satellite imagery reveals at least 70 freight cars at North Korea’s border Tumangang rail facility, the Beyond Parallel group said on Friday, a number described as “unprecedented”.


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Monday briefing: Death toll rises to more than 1,100 after weekend of conflict in Israel and Gaza    
Monday briefing: Death toll rises to more than 1,100 after weekend of conflict in Israel and Gaza
But research from Sweden offers some hope for a solution. A report from the Swedish Environmental Protection Agency into feeds that can reduce methane emissions says development in the field has been “rapid in recent years” and there are “a number of new interesting additives with higher potential”. Among the additives cited in the report were the seaweed red algae, which according to manufacturers can reduce the methane emissions of animals by up to 90%. It’s still in the early stage of research, but could offer an alternative to trying to persuade millions to give up their burger habit.


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Israel military says situation 'dire' in south as 260 bodies retrieved from festival    
Israel military says situation 'dire' in south as 260 bodies retrieved from festival
US Special Antisemitism Envoy Deborah Lipstadt, among the most renowned Holocaust scholars in the world, called the Hamas attacks "the most lethal assault against Jews since the Holocaust."Lipstadt said there is "no justification" for the "heinous, barbaric terrorism against Israeli civilians" and mass murder.


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'People are fearful of what's to come': Gaza civilians flee waves of Israeli strikes    
'People are fearful of what's to come': Gaza civilians flee waves of Israeli strikes
He said his organisation immediately released its entire stock of medical resources including blood supplies, in an unusual move that exceeds their choices during previous Israeli airstrikes and attacks on Gaza.


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Inquiry to open into claims British soldiers summarily killed 80 Afghans    
Inquiry to open into claims British soldiers summarily killed 80 Afghans
“It is not appropriate for us to comment on allegations which may be within the scope of the statutory inquiry and it is up to the statutory inquiry team, led by Lord Justice Haddon-Cave, to determine which allegations are investigated,” a spokesperson said.


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Metro Bank to slash costs after £925m rescue deal    
Metro Bank to slash costs after £925m rescue deal
"Our strong franchise is underpinned by our loyal customer base and engaged colleagues and we will continue to develop the Metro Bank offer to provide the digital and physical banking services our customers expect. We thank our shareholders and noteholders for their continuing support of Metro Bank and our customers," he added.


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Rachel Reeves says Labour will get rid of 'obstacles created by antiquated planning system' - UK politics live    
Rachel Reeves says Labour will get rid of 'obstacles created by antiquated planning system' - UK politics live
If you want to contact me, do try the "send us a message" feature. You'll see it just below the byline - on the left of the screen, if you are reading on a laptop or a desktop. This is for people who want to message me directly. I find it very useful when people message to point out errors (even typos - no mistake is too small to correct). Often I find your questions very interesting, too. I can't promise to reply to them all, but I will try to reply to as many as I can, either in the comments below the line; privately (if you leave an email address and that seems more appropriate); or in the main blog, if I think it is a topic of wide interest.


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How Tories' green hostility will hinder a future Labour government    
How Tories' green hostility will hinder a future Labour government
Mike Childs, head of policy at FoE, said: "Keir Starmer needs to stand firm and commit Labour to tackling the environmental harms that are so damaging to people's heath, the economy, and the future prospects of young people. [He] must truly put the best interests of people and the planet above short-termism by showing he has a real vision for the future, which is green, prosperous and - crucially - fair."


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UK manufacturers call for 'major MOT' of business tax and regulation system    
UK manufacturers call for 'major MOT' of business tax and regulation system
More than half of companies (55%) believe the current policy of full expensing, introduced in March amid a flurry of tax breaks designed to encourage investment by businesses, should be made permanent. This means that businesses that invest in IT equipment and machinery are able to claim back the cost by writing it off against tax on their profits, and allows them to claim up to 100% of the cost of the investment.


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Businesses are turning to Labour in droves, says Darren Jones    
Businesses are turning to Labour in droves, says Darren Jones
He said: “Because you do you do less of the mundane things, you’re more productive. And if your businesses are more productive, you should be getting better pay. And maybe even in the long run, working a little bit less, if that works out in the right way. So that should be a positive.”


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ExxonMobil’s head of shale arrested for alleged sexual assault | Financial Times    
We usecookiesand other data for a number of reasons, such as keeping FT Sites reliable and secure,personalising content and ads, providing social media features and toanalyse how our Sites are used.


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Hedge funds sell energy stocks before Middle East conflict - Goldman    
Hedge funds sell energy stocks before Middle East conflict - Goldman
Hedge funds had, as of Friday, ramped up selling to the fastest pace since early June in shares of U.S. companies that manufacture chemicals, building materials and paper products, said the note from Goldman Sachs\' prime brokerage.


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Iran Oil Production Could Fall Following Israel Attacks, Pushing Brent Higher    
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed byour Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contactDow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.


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Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal    
Bristol-Myers Squibb to acquire Mirati in up to $5.8 billion deal
The transaction is expected to be dilutive to Bristol\'s non-GAAP earnings per share by approximately 35 cents per share in the first 12 months after the transaction closes, the statement added.


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Here's When, And How, the S&P 500 Could Hit 10,000    
Here's When, And How, the S&P 500 Could Hit 10,000
Hope for the transformative power of technology has been behind much of the .css-jbvua0{display:contents;}‘s rally this year. And tech will be key in pushing the index the next 5,000 points higher—and to make stocks worth owning over safer assets, DataTrek Research says.


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Safe-haven gold soars as investors bolt for safety from Middle East clashes    
Safe-haven gold soars as investors bolt for safety from Middle East clashes
Data last week showed U.S. employment increased by the most in eight months in September, pointing to persistent labour market strength. A hot inflation print later in the week could pave the way for another U.S. rate hike this year.


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