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Two power station owners to get more than £12m for three hours of electricity
Two gas power station owners will be paid more than £12m to supply just three hours of electricity on Wednesday evening after freezing weather led to some of the highest market prices since the energy crisis began.
Britain faced surging power prices after Great Britain’s grid operator warned it would …
Rachel Reeves says she has ‘iron grip’ on finances as borrowing costs surge
Rachel Reeves took the rare step of issuing a public statement for the second successive day on Wednesday, insisting she has an “iron grip” on the public finances, as the sell-off in bond markets intensified.
The cost of 10-year government borrowing hit its highest level since the global financial crisis …
Sales at toymaker Hornby up 7% after bumper Black Friday and Christmas
The toy-train maker Hornby enjoyed bumper trading in the final three months of last year, marking a turnaround for the Kent-based company, which has struggled since a hobby boom during the Covid pandemic.
Sales at the model train firm, which also sells toy planes and cars under the Airfix, Scalextric …
When the National Assembly for Wales was established in 1999,
had a raft of responsibilities, including devolution and transport. One scheme under application at the time was theWelsh Highland Railway
, running for 25 miles from Caernarfon to Porthmadog – an initiative of the …‘Dispiriting’: factchecker reacts to Meta’s move to scrap role
The Facebook founder
Mark Zuckerberg
announced on Tuesday his company, Meta, would be scrapping fact
checkers in the US, accusing them of making biased decisions and saying he wanted to enable greater free speech. Meta uses third-party independent factcheckers around the world. Here, one of them who works for the …
Why rising bond yields are rattling Rachel Reeves
For the past 15 years, western governments have been able …
Californians: have you been affected by the wildfires?
Acts of hate are on the rise in Australia – but naming them is proving fraught
Rates of antisemitism and Islamophobia in Australia have risen sharply since 7 October 2023, according to almost every source that has tracked incidents or surveyed attitudes.
But the extent of the rise has been questioned.
and throughout Israel’s brutal retaliation, …Sweat-wicking and radiative cooling: can new fabrics make living through extreme heat more bearable?
This year is on track to be the hottest in recorded history. With
andmore intense and frequent heatwaves
, keeping cool in summer will get harder. Air conditioning can onlygo so far
, especially when extreme heat raises therisk of electricity …
Oliver Robbins expected to become top civil servant in Foreign Office
The former Brexit negotiator Oliver Robbins is expected to be appointed as the UK Foreign Office’s most senior civil servant, the Guardian understands.
Robbins, who was on the shortlist last year to take over as cabinet secretary but failed to get the civil service’s top job, was believed to be …