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Tag: suspends

Cuadrilla suspends fracking after biggest tremor yet

Cuadrilla suspends fracking after biggest tremor yet

Business
By John-Paul Ford Rojas, business reporter Cuadrilla has suspended fracking at Britain's only shale gas exploration site after it recorded its biggest tremor yet.Operations were paused for 18 hours after what it called a "micro seismic" event of magnitude 1.55 was detected at 8.46pm on Wednesday. Work was halted several times last year due to minor tremors and it was only last week that Cuadrilla said it was resuming fracking at the Preston New Road site in Little Plumpton, near Blackpool in Lancashire.The magnitude of the latest event was bigger than the previous largest recorded - at 1.5 - last December.Cuadrilla said Wednesday's tremor was only equivalent to "a large bag of shopping dropping to the floor" and that "most local people ...
Hong Kong suspends extradition law after protests

Hong Kong suspends extradition law after protests

World
Hong Kong's government has suspended a proposed law that would allow people to be extradited to mainland China for trial after mass protests.The controversial measure has been shelved indefinitely by the embattled territory's chief executive Carrie Lam in response to an angry public backlash. Image: The climbdown by chief executive Carrie Lam came in the face of a deepening crisis Many in the former British colony feared it would further erode legal protections and freedoms promised by Beijing when it took control in 1997.There were also concerns it could be used to target critics of the Chinese regime.The climbdown on the proposal came ahead of a further major opposition rally on Sunday. ...
Hong Kong extradition protests: Government suspends bill

Hong Kong extradition protests: Government suspends bill

World
The Hong Kong government has suspended its highly controversial plan to allow extraditions to mainland China, Chief Executive Carrie Lam has announced.She had previously refused to scrap the bill despite mass protests from Hong Kong residents."I feel deep sorrow and regret that deficiencies in our work – and various other factors – have stirred up substantial controversies," she said.Protesters expressed concern at increased Chinese influence. Ms Lam said she had heard the calls for her government to "pause and think".She also admitted that the "explanation and communication" of the bill had not been adequate.She said her goal was "the greatest interests of Hong Kong", which involved first restoring peace and order.The government
Top stockpicker Neil Woodford suspends flagship fund

Top stockpicker Neil Woodford suspends flagship fund

Business
One of the UK's most high profile stockpickers has suspended trading in his largest fund as rising numbers of investors ask for their money back.Neil Woodford said after "an increased level of redemptions", investors would not be allowed to "redeem, purchase or transfer shares" in the fund.Investors have withdrawn about £560m from the fund over the past four weeks.However, it was a request from Kent County Council to withdraw £250m that led to the suspension.The council was unavailable for comment.A stockpicker - or fund manager - analyses the potential of different stocks to try to decide whether or not they will make a good investment.'Liquid investments'At its peak, the Woodford Equity Income fund managed £10.2bn worth of asse