News 

Capitalism is killing the planet, says investor Jeremy Grantham

“Jeremy Grantham, the longtime investor famous for calling the last two major bubbles in the market, is urging capitalists and “mainstream economists” to recognize the looming threat of climate change” writes unknown author for cnbc.com. This negligence is due in large part to how short-sighted corporations can be, Grantham said. Source: cnbc.com Share This:

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Drought threatens wildlife in central Iran

“TEHRAN — Over the past few years, the number of wildlife species has declined due to the drought in central areas of Iran, Hamid Zohrabi, deputy environment chief for natural environment has said” reports tehrantimes.com. The decline is obvious in some parts including Siahkooh in Yazd province and Kavir National Park in Semnan province, ISNA quoted Zohrabi as saying on Wednesday. fortunately this year, the spring rainfalls increased, and to some extent, reduced our concerns about the forage and water resources required for the wildlife, he sated, adding, “But regarding the latest projections about water shortage in summer, we have urged all the provinces [departments of environment] to…

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How has it changed UK immigration system?

“The Windrush scandal exposed by the Guardian has led to significant changes in the immigration system” writes Jamie Grierson for theguardian.com. This month, ministers suspended arrangements under which the NHS shared patients’ details with the Home Office so it could trace people breaking immigration rules.In future, Home Office immigration staff will only be able to use the data-sharing mechanism to trace people who are being considered for deportation from Britain because they have committed a serious crime.The Home Office revealed it was to suspend controversial immigration checks on thousands of…

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News Oil Stocks 

Citi warns that surging oil prices could soon create a ‘hostile environment’ for stocks

“A dramatic upswing in oil prices over recent months could soon create a “particularly hostile environment” for global investors, Citi economists warned Monday” writes Carlos Barria for cnbc.com. This has helped boost company’s profits too — with several oil and gas producers and refiners among the biggest gainers on Wall Street over the past month. However, President Donald Trump’s decision to pull the U.S. out of the Iran nuclear deal “constitutes a major geopolitical shift” which could trigger a move in the direction of “stagflation,” a global strategy team at…

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Warning Cape York land-clearing approval puts Great Barrier Reef at risk

“But another consultant said he thought the risks could be managed by ensuring the land clearing was restricted to areas with a gradient of less than 2%” writes Anne Davies for theguardian.com. The Turnbull government faces a test of its $500m budget commitment to protect the Great Barrier Reef, after federal environment officials ruled that a farmer could clear almost 2,000 hectares of Queensland forest.The Wilderness Society’s Queensland campaign manager, Gemma Plesman, said bulldozing the forest could accelerate runoff of sedimentation and nutrients into the Great Barrier Reef’s waters. “Allowing…

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GBP News 

Jacob Rees-Mogg: Amazing rise of Savid Javid makes me proud to be British

“It’s where the hostile environment policy was fundamentally unBritish” writes David Goodhart for telegraph.co.uk. When Jacob Rees-Mogg reflects on the “hostile environment” policy for illegal immigrants which operated under Theresa May and the treatment of the Windrush generation, he does not hold back.”It’s a horrible policy,” he said in an interview with The Daily Telegraph. Source: telegraph.co.uk Share This:

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Markets News Stocks 

AK Steel’s stock jumps after profit and revenue beat, given ‘favorable’ pricing environment

“Chief Executive Roger Newport attributed the results to a “favorable pricing environment” and “solid demand” across most of its end markets, including automotive” writes Reporter Editor for marketwatch.com. The FactSet consensus for earnings per share was 1 cent. The stock has tumbled 16.1% year to date through Friday, while the S&P 500 SPX, +0.11% has eased 0.1%. Source: marketwatch.com Share This:

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