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Climate change: Road plans will scupper CO2 targets, report says

Climate change: Road plans will scupper CO2 targets, report says

Science
The vast majority of emissions cuts from electric cars will be wiped out by new road-building, a report says.The government says vehicle emissions per mile will fall as zero-emissions cars take over Britain’s roads.But the report says the 80% of the CO2 savings from clean cars will be negated by the £27bn planned roads programme.It adds that if ministers want a “green recovery” the cash would be better spent on public transport, walking, cycling, and remote-working hubs.And they point out that the electric cars will continue to increase local air pollution through particles eroding from brakes and tyres.The calculations have been made by an environmental consultancy, Transport for Quality of Life, using data collected by Highways England. Get Britain buil
The market is so haywire some Wall Street strategists threw in the towel on giving S&P 500 targets

The market is so haywire some Wall Street strategists threw in the towel on giving S&P 500 targets

Finance
The stock market has gone so haywire amid the coronavirus crisis that some strategists on Wall Street are giving up on forecasting what comes next.Over the past week or so, chief market strategists at BMO, Oppenheimer and Canaccord Genuity have all suspended their year-end targets on the S&P 500, blaming the unprecedented economic uncertainty that makes projecting the market a fool's errand."For the first time in our collective careers, we have decided to suspend our year-end S&P 500 price and EPS targets in favor of rolling 12-month forecasts," BMO's Brian Belski and Nicholas Roccanova said in a note. "We believe there is minimal rational method for predicting the path of US stocks given the rapidity and volatility of data, forecasts, and emotions on a nearly d...
Two thirds of UK homes ‘fail on energy efficiency targets’

Two thirds of UK homes ‘fail on energy efficiency targets’

Science
Nearly two thirds of UK homes fail to meet long-term energy efficiency targets, according to data analysed by the BBC.More than 12 million homes fall below the C grade on Energy Performance Certificates (EPCs) graded from A-G. It means householders spend more on energy bills and pump tonnes more CO2 into the atmosphere than necessary. The government has said it needs to go "much further and faster" to improve the energy performance of homes.Experts say retrofit measures are needed because so many homes were built before the year 1990.Dr Tim Forman, a research academic at the University of Cambridge's Centre for Sustainable Development, said now only a national project of a scale not seen since World War Two, would be enough to ...
Amazon surge as sales beat targets and Prime membership reaches 150 million

Amazon surge as sales beat targets and Prime membership reaches 150 million

Business
Amazon shares have surged higher after it reported much better than expected sales over the Christmas period and saw the number of Prime subscription members rise to 150 million.The 13% shares rise in after-hours trading meant the online retail giant's market value soared over $ 1tr (£750bn). Sales for the three months to the end of December climbed to $ 87.4bn (£65.7bn), up 21% on the same period last year.That included sales in North America alone that were $ 10bn higher than over the 2018 festive period.For 2019 as a whole, sales were ahead by 20% at $ 280.5bn (£210.8bn), with profits 15% higher at $ 11.6bn (£8.7bn) - the latter despite the company's heavy spending on speedier deliveries. Advertisement A
Iran targets US troops with missile strikes

Iran targets US troops with missile strikes

World
Media playback is unsupported on your device Iran has carried out a ballistic missile attack on air bases housing US forces in Iraq, in retaliation for the US killing of General Qasem Soleimani.More than a dozen missiles launched from Iran struck two air bases in Irbil and Al Asad, west of Baghdad. It is unclear if there have been any casualties. The initial response from Washington has been muted. President Trump tweeted that all was well and said casualties and damage were being assessed. LIVE: Latest reaction and analysis Crude oil prices jump after missile attacks Two Iraqi bases housing US and coalition troops were targeted, one at Al Asad and one in Irbil, at about 02:00 local time on Wednesday (22.30 GMT on Tuesday). It came just hours after the b...