Coal Power Stations Fire Up As Wind Fails To Blow

Good morning.

There's a major step forward in plans to phase out petrol and diesel cars, with new laws requiring all new homes to install electric vehicle charges coming into effect from next year.

The Government says the measures form a key part of the transition to EVs and are designed to address criticism that the UK lacks the critical infrastructure needed to support the shift.

But the plans aren't free from criticism. Labour has argued that the move does nothing to address the "appalling" geographical divide in available charging points.

The party said: "London and the South East have more public car charging points than the rest of England and Wales combined. Yet there is nothing here to help address this."

5 things to start your day 

1) 

City regulator appeals for Bitcoin expertise as terrorists exploit cryptocurrencies: FCA tenders £500,000 contract over fears crypto is now a hotbed for financial crime.

2) 

State expansion intensifying labour crisis, says Bailey: Economists warn that 250,000 new public sector jobs 'seen as a bit cushy' are drawing staff from hospitality.

3)

 

Add costs of heat pumps to mortgages, suggests green tsar: Plus, the struggle to insulate Britons' finances against the costs of going carbon-free.

4)

The fight to save Argentina's freefalling economy: Rise of an 'anarcho-capitalist' shows voters want fresh answers over how to end cycle of despair.

5) 

Electric aviation hunts the Tesla of the skies: Daunting challenges delay innovation take-off, despite Rolls-Royce speed record.

What happened overnight 

Stocks were mixed in Asia on Monday after ending the week mostly lower on Wall Street, despite the Nasdaq's first close above 16,000.

A resurgence of coronavirus outbreaks in the US, Europe and other regions is weighing on investor sentiment. Comments by advisers to the Chinese central bank about risks of "stagflation" have reinforced concerns about inflationary pressures.

The Shanghai Composite index gained 0.7pc to 3,583.37, while the Hang Seng in Hong Kong lost 0.4pc to 24,962.11.

Tokyo's Nikkei 225 edged 0.1pc lower to 29,717.58. In Australia, the S&P/ASX 500 gave up 0.4pc to 7,368.00.

Shares fell in India but rose in Taiwan.

Attention has turned to the People's Bank of China as Beijing strives to curb risks from excessive borrowing by property developers but still keep the economy growing.

Coming up today

  • Corporate: Diploma, Cerillion

    (Full-year results); Big Yellow, Augmentum Fintech

    (Interims)

  • Economics: Existing home sales

    (US); consumer confidence

    (EU)

    Source : https://www.telegraph.co.uk/business/2021/11/22/ftse-100-markets-live-news-share-prices-pound-bitcoin/

    545
Indonesia could phase out coal by 2040 with financial help, Finance Minister says

Source:Yahoo News

Indonesia could phase out coal by 2040 with financial help, Finance Minister says