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British Airways, United aim to use hydrogen-powered planes for short-haul flights within decade

Highlights Hydrogen to play key role in airlines' net-zero goals In US, pilot shortage plays important role British Airways and United Airlines are both aiming to begin using hydrogen-powered planes for short-haul flights beginning around 2030 as both airlines embark on their journey toward net-zero by 2050, the airlines' sustainability leaders said Nov. 30. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now "The big focus is on hydrogen, and for us hydrogen is going to be a really key part of our pathway to net-zero," British Airways Director of Sustainability Carrie Harris said during…

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Gold Jumps 1% As Fed’s Powell Says Smaller Rate Hikes on the Way

By Seher Dareen2 Min Read(Reuters) - Gold prices rose over 1% on Wednesday as the non-yielding asset races to end its best month since mid-2020 on slower U.S. rate hike expectations, further reinforced by Federal Reserve Chair Jerome Powell’s comments.FILE PHOTO: Gold bars are pictured on display at Korea Gold Exchange in Seoul, South Korea, August 6, 2020. REUTERS/Kim Hong-Ji/File PhotoThe Fed could scale back the pace of its interest rate hikes “as soon as December,” Powell said on Wednesday, while warning the fight against inflation was far from over.Spot gold rose 1% to $1,767.52 per ounce by 3:03 p.m.…

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Global Debt – The Coming Crisis: Video

Global debt is rising at the fastest pace since World War Two as economies struggle to meet the demands of high energy prices and an increasing cost of living crisis.In this video, Capital.com examines the impact of inflation and rising interest rates on government debt and whether the world could be heading for another debt-driven crisis. [embedded content] Rate this article Rate this article: Share this article Rate this article Rate this article: Share this article Comments There are currently no responses for this story.Be the first to respond. More comments

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Bitcoin Family Is Moving More Than $1 Million Into Decentralized Exchanges After FTX Disaster

The Bitcoin Family has relocated to Phuket, and they are in the process of moving $1 million in crypto to decentralized exchanges. Currently, the family keeps 27% of its crypto tokens in cold storage. Decentralized exchanges, or DEXs, allow users to retain custody of their coins. The Taihuttu family in November, days after moving back to Phuket. Didi Taihuttu Confidence is quickly eroding in the crypto sector, as it faces a wave of bankruptcies and investigations into Sam Bankman-Fried and his failed exchange, FTX, for losing and misspending billions of dollars in user deposits. But Didi Taihuttu; his wife, Romaine; three…

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Feds Charge 21 People in Global Crypto Money Laundering Bust

The U.S. Attorney's Office for the Eastern District of Texas announced on Wednesday that it has charged 21 people in a massive transnational crypto money-laundering network. Law enforcement officials said that an annual flow of over $300 million in laundered transactions has been disrupted, along with the seizure and forfeiture of millions in cash and cryptocurrency. "This case proves that we can track these people down and charge them," Secret Service Resident Agent in Charge Bill Mack told CNBC's Eamon Javers. A member of the US Secret Service speaks on a cellphone as US President-elect Donald Trump attends meetings at…

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Privacy in the Digital Era: Who Controls Private Data?

The boundaries between physical and digital spheres are collapsing. The digital sharing of personal information is now embedded into the economic and relational activities of daily life. Following the COVID pandemic, the popularity of work from home and other hybrid work relationships continued to erode traditional boundaries. These rapid changes in data sharing have created conditions conducive to two types of surveillance. First, contractual surveillance partnerships between public and private actors. Second, subtle forms of surveillance that seek to control the flow of information to the public. These partnerships may manifest as law enforcement’s contracts with facial recognition companies, or…

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How Long Can Silver Remain Cheap?

[embedded content]How long can silver remain cheap? That was a question that Jeff Clark posed in a recent article that Mike Maloney wanted to explore further. As you’ll hear from Mike, there is a huge curveball out there waiting that is highly likely to change this game forever.About Mike MaloneyMike Maloney is host of the smash hit video series, Hidden Secrets of Money; former Rich Dad/Poor Dad advisor; author of the best-selling precious metals book, Guide to Investing in Gold and Silver, and founder of GoldSilver.com – a global leader in precious metals investments. For more than a decade, Mike’s traveled…

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Fed Officials in Danger of Splitting on Future Rate Rises, Warn Economists

Economists have warned that the united front among Fed officials is at risk of splintering, with sharper divisions emerging among policymakers over how aggressively the pressure should be on the economy to tackle inflation. As the US central bank prepares to slow the pace of interest rate hikes next month after one of the most aggressive tightening campaigns in recent times, it is grappling with disagreements over how much more restraint will be needed and how much the economy will suffer. . “It’s a group that would love consensus if they can reach it, but they may not be able…

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Euro Inflation without Energy Rages to New Record. Overall CPI Second Worst Ever

The ECB’s horror show. By Wolf Richter for WOLF STREET. “We do not see the components or the direction that would lead me to believe that we’ve reached peak inflation and that it’s going to decline in short order,” ECB President Christine Lagarde told the European Parliament on Monday. And so it came to pass today: In the 19 countries that use the euro, the CPI without the energy products that consumers buy (gasoline, diesel, electricity, natural gas piped to the home, etc.) rose to a record 7.0% in November, continuing the breath-taking spike. It had started in the summer of 2021, and…

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Watch Live: Fed Chair Powell – 11/29/22 1:30pm-ET: Video

Watch Powell speak live at The Brookings Institute here: (due to start at 1330ET):“It will take substantially more evidence to give comfort that inflation is actually declining. By any standard, inflation remains much too high.”[embedded content]Highlights from Powell's prepared remarks:Dovish:“The time for moderating the pace of rate increases may come as soon as the December meeting,” Powell said in the text of his speech.On the Nov 2nd meeting Chair Powell s messaging stated "Our message is we have a ways to go with interest rates before we get to the level that is sufficiently restrictive", but now he has altered…

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Fed Chair Powell Says Smaller Interest Rate Hikes Could Start in December

Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead and could start in December. But he cautioned that monetary policy is likely to stay restrictive for some time until real signs of progress emerge on inflation. "We will stay the course until the job is done," he said during a speech in Washington, D.C. at the Brookings Institution. WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate. Echoing recent statements from other central…

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