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Tag: warning

Australia defies climate warning to back coal

Australia defies climate warning to back coal

Science
The Australian government has backed coal-fired power, despite the recommendations of a major report on climate change.Phasing out coal is considered crucial to limiting global warming to within 1.5C, as set out in the UN report released yesterday.Australia's deputy prime minister has said the country should "absolutely" continue to use and exploit its coal.But China remains the world's biggest coal consumer.In addition, China has restarted work at hundreds of coal-fired power stations, according to an analysis of satellite imagery.The Guardian reports that Michael McCormack, Australia's Deputy PM, said his government would not change policy "just because somebody might suggest that some sort of report is the way we need to follo...
Thomas Cook issues 'hot weather' profit warning

Thomas Cook issues 'hot weather' profit warning

Business
Thomas Cook has downgraded annual profit forecasts, saying hot weather hurt demand for bookings across its crucial summer season. The holiday firm said "tough" trading in June and July had continued, with the "unprecedented" period of higher-than-average temperatures across Europe meaning it had, like rivals, been forced to discount late bookings heavily.As a result, the FTSE 250 firm warned that underlying operating profits for the year to September were now expected to come in at £280m.Its previous guidance was for £323m. Shares fell almost 24% on opening while rival TUI was the biggest faller on the FTSE 100, down 3%.Peter Fankhauser, Thomas Cook's chief executive, said: "Summer 2018 has seen a return to popularity of destinations such as Turkey and Tunisia. ...
The FDA Issued a Warning About Foods Prepared With Liquid Nitrogen—Here’s What You Need to Know

The FDA Issued a Warning About Foods Prepared With Liquid Nitrogen—Here’s What You Need to Know

Health
That smoky dessert tray isn't as innocent as it looks. We're always seeing crazy-fun food fads in our social feeds, like the liquid nitrogen trend. You've probably seen it too: When this chemical is added to a cocktail. for example, or to treats like ice cream and cereal, it creates a smoky, vapor-like effect that's super Instagrammable. Now, the Food and Drug Administration (FDA) has weighed in on liquid nitrogen–infused foods and drinks, and they're urging people to avoid consuming anything prepared with this potentially dangerous substance. The FDA warning, issued on Thursday, states that the agency has has become aware of severe, and in some...
Standard Chartered chief warning over Brexit staff moves

Standard Chartered chief warning over Brexit staff moves

Business
A Standard Chartered bank executive says tough demands by EU regulators could mean more jobs being moved from the UK overseas than currently thought.Europe and Americas boss Tracy Clarke says the relatively small size of the bank in the EU market means it would not "be moving hundreds of people".But she says the impact on banks with large EU services may be "significant".Standard Chartered is to spend about £15m turning its Frankfurt office into a European base due to Brexit.The bank plans to create a subsidiary at its German branch in order to maintain access to the European market after the UK withdraws from the European Union.'Empty shells'It has been waiting nearly nine months for EU officials to approve the relevant banking licence, which it or...
Financial stocks are giving us a ‘warning sign’: Money manager

Financial stocks are giving us a ‘warning sign’: Money manager

Finance
There are a lot of positives right now for the banking industry, yet the stocks aren’t responding — and that’s a signal for investors, market expert Quint Tatro told CNBC on Thursday. Bank equities have underperformed this year despite a strong economic recovery, the managing director at Joule Financial pointed out. Also, short interest rates are going higher, and there has been deregulation. “The financials are giving us a warning sign that something’s coming that’s not being reflected in the other sectors,” Tatro said on “Closing Bell.” ...