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Norwegian fund, German utility exchange barbs over coal mine

Norwegian fund, German utility exchange barbs over coal mine

Technology
A Norwegian pension fund is doubling down on its criticism of German utility firm RWE over the power company's long-term plans to use coal. The chief executive of Storebrand, Jan Erik Saugestad, said Thursday that "continued expansion of coal mines and support of coal-fired power has no future" if the world wants to limit global warming to 1.5 degrees Celsius . Saugestad, whose company manages assets worth $ 85 billion, had called earlier this week for investors to sell their shares in RWE because of its plans to expand a coal mine by chopping down Germany's ancient Hambach forest . RWE hit back Wednesday, saying "everybody needs to do their part" and coal-fired plants are needed to ensure stable power supplies in Germany following the country's decision to phase out nuclear plants.Let's...
Jordan Davies' brutal WhatsApp exchange with baby mama of his unborn son revealed

Jordan Davies' brutal WhatsApp exchange with baby mama of his unborn son revealed

Entertainment
The couple were involved in a whirlwind romance earlier this year, before splitting after just two months.During their relationship the duo regularly covered social media with loved-up snaps.Alongside one pic of them walking on the beach, Jordan gushed: “For all the things my hands have held the best by far is you.”After a pal warned him not to "c*** it up" in March, he replied: “Trust me I won’t... Related Articles "Good things come to those who wait."In April the couple discovered Paula was pregnant, at the time both of them wanted to keep the baby.However, fast forward seven months and the duo are locked in a bitter feud, which Paula says resulted in her being rushed to hospital.Speaking exclusively to Daily Star Online, the 25-year-o...
Bitcoin exchange Coinbase launches early-stage venture fund

Bitcoin exchange Coinbase launches early-stage venture fund

Finance
Popular cryptocurrency exchange Coinbase is launching a new incubator fund for early-stage start ups, the company announced Thursday."We're going to invest off our balance sheet into crypto companies," Coinbase President and Chief Operating Officer Asiff Hirji told CNBC's "Fast Money" Thursday. "We will invest in companies that are in the space and are aligned with our values."Profits from the fund will be "de minimis" in the scope of the entire company but the fund is already off to a $ 15 million start and set to grow, Hirji said. The fund's seed-stage investments, which will begin this week, will help companies and founders in the crypto and blockchain space get off the ground. It's also meant to focus on building relationships within that ecosystem, he said. In order to do that, Coinba...
Teenage Taiwanese exchange student accused of school threat

Teenage Taiwanese exchange student accused of school threat

World
A Taiwanese exchange student accused of threatening a shooting at his high school had ammunition in the home where he was staying and researched how to buy weapons, police said Wednesday. The 18-year-old student, An Tso Sun, threatened to "shoot up" the Monsignor Bonner and Archbishop Prendergast High School on May 1, Upper Darby police said. Sun later said he was joking but was charged with making terroristic threats, they said. "Kudos to the person who stepped forward and helped to avert a tragedy," the police department said in a tweet. A military-style ballistic vest, ammunition clip pouches, a high-powered crossbow and live ammunition were found in Sun's bedroom in Lansdowne, Superintendent Michael Chitwood said. A search of his school-issued iPad indicated searches on how to buy an ...