Author: LoveWorld UK

Shell has pulled out of a controversial new oilfield off the Shetland Islands, plunging the future of oil exploration in the area into doubt. Shell, which was planning to exploit the field along with the private equity-backed fossil fuel explorer Siccar Point, cited a weak economic case as its reason for deciding not to go ahead with the project. “After comprehensive screening of the proposed Cambo development, we have concluded the economic case for investment in this project is not strong enough at this time, as well as having the potential for delays,” Shell said. Climate campaigners said the move…

Ralf Rangnick would be open to becoming Manchester United’s permanent manager should the club offer him the role in summer when his interim tenure ends. The German has signed a two-and-a-half-year contract, with the intention being that he stays in a consultancy role after this season. Yet asked whether he would consider remaining as the long-term manager Rangnick said: “The people here have been very clear talking about a six-month role. We have never spoken about what happen in summer. Right now I’m fully aware they might be looking for a new manager. If they will then speak with me…

Australia’s workplace arbitrator has ruled that a vaccine mandate issued by mining giant BHP was not lawful or reasonable—a decision expected to have ramifications across the private sector. The mandate affected workers at the Mt Arthur thermal coal mine in the Hunter Valley, New South Wales. So far, 50 workers have been stood down over the issue. The full bench of Fair Work Commission ruled Dec. 3 that the direction clashed with the workers’ enterprise agreement, citing a legal technicality. The case was led by the Construction, Forestry, Maritime, Mining and Energy Union (CFMMEU), who have opposed mandates. The action was deemed a “seminal case”…

The federal Centers for Medicare and Medicaid Services (CMS) suspended enforcement of its vaccine mandate for healthcare workers after two court orders earlier this week. A memo issued by the agency, posted by Missouri Attorney General Eric Schmitt on Twitter Thursday, said that CMS “remains confident” it will prevail in court but is “suspending activities related to the implementation and enforcement of this rule pending future development in the litigation.” “While these preliminary injunctions are in effect,” it continues to say, “CMS surveyors must not survey providers for compliance with the requirements” with the rule. The memo is referring to federal government officials conducting checks…

FIVE major banks have been fined a total of €344m (£292.62m) for participating in a foreign exchange trading cartel. UBS, Barclays, RBS and HSBC were given a total fine of €261m (£222.01m) after deciding to settle the case while Credit Suisse was fined €83m (£70.6m). The European Commission’s investigation revealed that some traders at the banks, involved in trading G10 currencies, had exchanged sensitive information and trading plans with each other. Using an online chatroom called Sterling Lads they had also occasionally coordinated their trading strategies. The sharing of information enabled them to make more informed decisions about when to…

Britain’s markets watchdog said it will introduce new rules on Friday to boost London’s role as a global centre for listing companies to help catch up with New York and meet increased competition from the European Union following Brexit. The revised listings rules, which were put out to public consultation earlier this year, will allow a targeted form of dual class share structures in premium listings for five years to allow a company’s founder to maintain an initial degree of control. It is a feature of the New York market which has attracted many tech company listings. A minimum of…

An energy boss has blamed Ofgem’s price cap for causing ‘huge price increases’ after a fuel poverty charity warned that an increase to the cap next Spring could see the cost of heating the average home doubling since last April. The National Energy Action today said that the average household gas bill could increase by £467 from £466 a year in October last year to £944 in April next year, meaning the cost of heating the average home will have doubled since last winter. It also warned that average domestic dual fuel energy bills, which have already soared by more than £230 per customer…

Freedom of speech is ‘seriously under threat’ at the BBC, one of its veteran broadcasters has warned. Michael Buerk, who has presented Radio 4’s The Moral Maze programme for more than 30 years, claimed the Corporation was falling victim to ‘woke’ ideology. Writing for the Radio Times, the former newsreader said that Radio 4’s ‘hopeless yearning to connect with yoof’ and ‘increasingly woke’ editorial choices put it at odds with its Middle England listeners. Mr Buerk, who presents the live discussion show about ethical issues, blamed social media sites such as Twitter for poisoning public debate and encouraging people to…

It was everything Everton had feared and Liverpool desired on their return to the stadium where the fault-lines first appeared in the title defence last season. Jürgen Klopp instructed his players to be “really aggressive in a football way”, not obsessed with revenge, and their vast superiority shone through an emphatic defeat of Rafael Benítez’s sorry side. Liverpool outclassed their local rivals in every department. The outstanding quality of the goals from Jordan Henderson, Mohamed Salah, twice, and Diogo Jota were in keeping with the overall performance, and extended Liverpool’s record of scoring twice or more to an 18th game in…

An elderly COVID-19 patient has recovered after a court order allowed him to be treated with ivermectin, despite objections from the hospital in which he was staying, according to the family’s attorney. After an Illinois hospital insisted on administering expensive remdesivir to the patient and the treatment failed, his life was saved after a court ordered that an outside medical doctor be allowed to use the inexpensive ivermectin to treat him, over the hospital’s strenuous objections. Ivermectin tablets have been approved by the U.S. Food and Drug Administration (FDA) to treat humans with intestinal strongyloidiasis and onchocerciasis, two conditions caused by parasitic worms. Some topical…