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Search begins for new Bank of England governor

Search begins for new Bank of England governor

Business
By James Sillars, business reporter The chancellor is starting the process to find a new governor of the Bank of England as Mark Carney's extended tenure nears its end.The Treasury said in a statement that an advert for the job, which carries a salary of £480,000 a year along with a host of perks, would be posted on Wednesday morning. :: Read: The advert for governor of the Bank of EnglandMr Carney has been in the role since post-crisis July 2013 and is due to step down on 31 January next year.His tenure was twice extended to ensure stability ahead of Brexit. Advertisement The Canadian told Sky News in an interview earlier this month there was "absolutely no" chance of him stay
South Korea begins excavation of war remains in DMZ

South Korea begins excavation of war remains in DMZ

World
SEOUL, April 1 (UPI) -- South Korea launched an independent excavation of Korean War remains in the Demilitarized Zone on Monday, with Pyongyang unresponsive to its call to work together as agreed, Seoul's defense ministry said. Under last year's bilateral military accord aimed at reducing tensions and building trust, Seoul and Pyongyang had planned to carry out the joint project on Arrowhead Ridge, a notorious battle site during the 1950-53 conflict, from April through October. But the North has yet to accede to Seoul's request to jointly start the excavation. It has appeared lukewarm about the military accord since the no-deal summit between U.S. President Donald Trump and its leader, Kim Jong-un, in Hanoi in late February. "From today onward, our military will conduct additional mine ...

Delayed Congo legislative vote begins in Ebola areas

World
Long-awaited legislative elections are underway in three towns in Congo after authorities postponed them because of Ebola and violence. In the town of Beni on Sunday, voters were washing their hands before entering polling centers as a protection against Ebola, which is transmitted by the bodily fluids of sick people. Voters in Beni, Butembo and Yumbi were not allowed to vote in January when Congo chose a new president. Officials said the Ebola virus posed too great a threat at the time in the eastern cities of Beni and Butembo. Elections were delayed in Yumbi because of intercommunal violence. Voting turnout was expected to be low. Albert Somo, a teacher in Beni, said people were disappointed and discouraged because they were not permitted to participate in the presidential vote.Let's bl...
Climate change: UK carbon capture project begins

Climate change: UK carbon capture project begins

Science
The giant Drax power station, near Selby in North Yorkshire, has become the first in Europe to capture carbon dioxide (CO2) from wood-burning.Drax burns seven million tonnes of wood chips each year to drive generators to make electricity. The firm has now begun a pilot project to capture one tonne a day of CO2 from its wood combustion.The technology effectively turns climate change into reverse on a tiny scale, but it’s controversial.How does it reverse climate change?When a forest grows, the trees absorb carbon dioxide from the atmosphere and use it to make their wood.If you burn that wood, the process doesn’t emit any extra CO2 into the atmosphere - because the trees removed it from the air in the first place. It&rs...
Leicester City helicopter crash: Wreckage removal begins

Leicester City helicopter crash: Wreckage removal begins

Sports
Work to remove the wreckage of the helicopter which crashed near to Leicester City's stadium is under way. Club owner Vichai Srivaddhanaprabha died along with two members of his staff, the pilot and a passenger when the aircraft came down just after taking off from the King Power Stadium.Mr Vichai's funeral is to begin in Thailand on Saturday.The Air Accidents Investigation Branch (AAIB) said it would begin examining parts of the wreckage. An AAIB spokesman said "the recovery operation is under way", adding that the helicopter would be inspected in detail at its specialist facilities in Farnborough "by the weekend". ...