What are the economic impacts of solar energy

London (CNN Business) Nearly one third of households in the United Kingdom will face poverty this winter after paying energy bills that are set to soar again in January, campaigners say. About 10.5 million households will be in fuel poverty for the first three months of next year, according to estimates from the End Fuel Poverty Coalition (EFPC) published on Tuesday — meaning that their income after paying for energy will fall below the poverty line. The UK government defines poverty as household income of less than 60% of the UK median, which stood at £31,000 ($37,500) in 2021, according to official statistics. The predictions are based on new estimates from research firm Cornwall Insight, also published Tuesday, which show that the average household energy bill is expected to hit £3,582 ($4,335) a year from October, and £4,266 ($5,163) from January — equating to about £355 ($430) a month. January's forecast represents a 116% increase in … [Read more...] about A third of Brits face poverty with energy bills set to hit $5,000

BREAKING OVERNIGHT… ASSASSIN GUNS DOWN JAPAN’S SHINZO ABE… Former Japanese Prime Minister Shinzo Abe Shot Dead During Speech Former Japanese Prime Minister Shinzo Abe was reportedly shot Friday during a campaign speech for a Japanese liberal Democratic Party candidate in the city of Nara. He later died from the injuries, according to multiple reports. Shinzo, 67, collapsed at around 11:30 a.m. and was immediately transported to the hospital, where he went into cardiopulmonary arrest, NHK World-Japan reported. The hospital announced his death at around 5:00 a.m. (eastern time), according to NBC News. He died from excessive bleeding at the Nara Medical University after a team of 20 medical professionals were unable to save his life, police said a news conference Friday, according to CNN. The bullet was borrowed deep enough to reach to his heart. Dr. Hidetada Fukushima, an professor of emergency medicine, said Abe suffered from two gunshot wounds and showed no vital … [Read more...] about Editor Daily Rundown: Former Prime Minister Shot, Killed At Campaign Rally

Photo: Ron Adar/SOPA Images/Shutterstock Yuh-Line Niou is used to running in a crowd. In 2016, she defeated five other candidates to win the Democratic nomination for the Assembly seat vacated by Speaker Sheldon Silver when he was indicted on corruption charges. Six years later, she is running for Congress against a dozen other candidates, including fellow front-runners City Councilwoman Carlina Rivera , former House impeachment counsel Dan Goldman, and Representative Mondaire Jones, in the newly redrawn Tenth District . It includes Chinatown and the Lower East Side, which she represents in Albany. If she wins, 39-year-old Niou — whose parents emigrated to the U.S. from Taiwan when she was a child — would become only the second Asian American elected to Congress from New York, after Grace Meng. She has been endorsed by progressive heavyweights like the Working Families Party and the Sunrise Movement, as well as by some of her fellow state lawmakers, like progressives Julia … [Read more...] about Yuh-Line Niou on Her Especially Personal Run for Congress

WASHINGTON (AP) — Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months. Thanks largely to falling gas prices, the government’s inflation report for July, to be released Wednesday morning, is expected to show that prices jumped 8.7% from a year earlier — still a sizzling pace but a slowdown from the 9.1% year-over-year figure in June, which was the highest in four decades. The forecast by economists, if it proves correct, would raise hopes that inflation might have peaked and that the run of punishingly higher prices is beginning to ease slightly. There have been other hopeful signs, too, that the pace of inflation may be moderating. At the same time, an array of other economic developments are threatening to keep intensifying inflation pressures. The pace of hiring is robust and average wages are up sharply. And even as gas prices fall, inflation in services such as … [Read more...] about US inflation will likely stay high even as gas prices fall

This is a carousel. Use Next and Previous buttons to navigate 6 NEW YORK (AP) — Stocks fell in morning trading on Wall Street Tuesday as disappointing earnings reports weighed on technology and travel companies and investors await the latest updates on inflation. The S&P 500 fell 0.4% as of 10:19 a.m. Eastern. The Dow Jones Industrial Average fell 17 points, or 0.1%, to 32,813 and the Nasdaq fell 1.3%. Technology stocks fell broadly and weighed down the broader market. Chipmaker Micron Technology fell 4.1% after warning investors that revenue could fall short of forecasts because of weakening demand. That warning hit other chipmakers hard, with Nvidia shedding 3.6%. Norwegian Cruise Line plunged 10.1% after reporting disappointing financial results and giving investors a weak revenue forecast. The weak results weighed down travel-related stocks. Expedia fell 1.9% and American Airlines fell 3.1%. Energy stocks rose along … [Read more...] about Wall Street slips as weak earnings hit tech, travel stocks