News That Matters

Tag: issues

Bank of England chief Mark Carney issues climate change warning

Bank of England chief Mark Carney issues climate change warning

Business
The world will face irreversible heating unless firms shift their priorities soon, the outgoing head of the Bank of England has told the BBC.Mark Carney said the financial sector had begun to curb investment in fossil fuels – but far too slowly. He said leading pension fund analysis "is that if you add up the policies of all of companies out there, they are consistent with warming of 3.7-3.8C".Mr Carney made the comments in a pre-recorded BBC Radio 4 Today interview.The interview, by presenter Mishal Husain, is one of several items on the programme which are focusing on climate change, on the day the show is guest edited by environmental campaigner Greta Thunberg.Mr Carney added that the rise of almost 4C was "far above the 1.5 d
How to fix key money issues before getting married

How to fix key money issues before getting married

Finance
For some couples, this winter holiday will be unforgettable.December is the most popular time to pop the question and, for the recently engaged, 2020 will be the very beginning of a new life.However, weddings are expensive, and merging personal finances can get complicated.The average American wedding costs nearly $ 39,000, and more young couples are covering the tab themselves. To do that, a growing number of newlyweds-to-be are also relying on crowdfunding or wedding loans to help.Further, starting a life together comes with other financial obligations that young couples these days may not feel prepared for.Record-breaking student loan debt, coupled with sky-high rents and wages that haven't increased much, have taken a toll on millennials — causing some to delay such significant milesto
Navy issues $23.4M contract for Block 5 Virginia-class sub hardware

Navy issues $23.4M contract for Block 5 Virginia-class sub hardware

Business
Dec. 6 (UPI) -- Lockheed Martin Rotary and Mission Systems received a $ 23.4 million deal to procure hardware for Virginia-class submarines, the Department of Defense announced Friday. The contract funds the purchase of long-lead-time material for two Virginia Block 5 hulls, one Virginia installation and checkout kit, one pre-production unit and associated hardware assets for testing, according to a press release. On Tuesday, General Dynamics Electric Boat received a $ 22.2 billion contract to build nine Block 5 subs for the Navy. Virginia-class submarines are built to conduct anti-submarine warfare, anti-surface-ship warfare, strike warfare and special operations support as well as intelligence, surveillance and reconnaissance. Block 5 submarines have an additional payload module and mo...
Angelina Jolie relates to ‘Maleficent’ motherhood issues

Angelina Jolie relates to ‘Maleficent’ motherhood issues

Entertainment
LOS ANGELES, Oct. 17 (UPI) -- In Maleficent, Disney made the evil queen from Sleeping Beauty the heroine of her own story. In the sequel, Maleficent: Mistress of Evil, she struggles with insecurities in her new role as a surrogate mother. And Angelina Jolie is back in the lead role. In the first film, Maleficent (Jolie) took revenge on Princess Aurora (Elle Fanning) because her father stole Maleficent's wings. Jolie related to that film's theme, in which Aurora's love redeemed Maleficent in the end. "Maleficent was harmed in her life and she had lost herself and lost her ability to, I think, be soft or feel loved," Jolie said at a press conference in Los Angeles. "The love of a child in my life, being a mother, brought out something in me that completely transformed me." The first film p...
British Airways parent firm issues profit warning on £121m strike hit

British Airways parent firm issues profit warning on £121m strike hit

Business
The parent firm of British Airways has issued a profit warning on the back of costly strikes at the airline and weaker bookings.International Airlines Group (IAG) said the 48-hour action by pilots earlier this month, which forced the airline to scrap almost all its flights over the two days, cost it an estimated €137m (£121m). It also pointed to a €33m (£29.2m) cost from further passenger disruption as a result of threatened strikes by staff at Heathrow Airport.