AI growth drains global energy supply, but is also part of climate solution: Expert
Rachel Kyte, Special Representative for Climate for the United Kingdom, shares her views on artificial intelligence, collaborating with key Asian allies, and the rise of green investments.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
35 minutes ago
- Yahoo
Auto tariff price hikes: When is the best time to buy a car?
According to an analysis from the Anderson Economic Group, auto and auto-part tariffs could add at least $2,000 to the price of vehicles. However, many automakers are absorbing costs or raising prices modestly. Kelley Blue Book executive editor Brian Moody joins Wealth to explain that buyers already in the market should act soon, as used car prices are set to rise with shrinking inventory. To watch more expert insights and analysis on the latest market action, check out more Wealth here. 25% tariffs on imported cars and car parts are expected to create cost burdens of at least $2,000 per vehicle, according to an analysis from the Anderson Economic Group. And that estimate pushes upwards of $15,000 for certain electric vehicles and European and Asian luxury cars. Car companies are responding in kind. Hyundai, weighing 1% price increases across the board, according to Bloomberg. And starting July 5th, Ford will start raising prices on three Mexico-built models. Here with more, we've got Brian Moody, executive editor over at Kelly Blue Book. Great to have you here with us, Brian. Are we seeing some automakers mull price increases due to the tariff environment and how much do you expect will actually be passed on to the consumer? Well, it might vary model by model, but what we're seeing right now is that there hasn't really been much of a price increase on new cars. In fact, year-over-year, it's about flat, less than 1% of an increase on new cars. That's the average transaction price. But that's because certain automakers have chosen to sort of, you know, absorb that increase, while other automakers, Nissan specifically, have actually lowered the prices on specific models that are built here in the US. So some prices will go up, the ones that would be the most greatly impacted would be a car that arrives here to the US, almost already completely built. That's the car that's going to incur the largest tariff. And so, which companies are best navigating and best positioned, I guess, going forward to also navigate that tariff risk as it relates to the consumer price? Well, Hyundai Group is one that's positioned well, even though they are considering a 1% price increase across the board. But they do have a relatively new plant in Savannah, Georgia, which is positioned to build cars and SUVs for all of their brands, and that could be a wise move. Now, that was already in play long before the current crisis or the current administration. So that could have ended up being a wise move. Kia is also in a good position. Mercedes-Benz has actually said that they have their plant in Alabama, where they're going to ramp up production of models that maybe they did make outside the US, and they're going to build them here in the US. And those companies that can do that, that have the option of doing that, are going to be in the best position. Also, Ford builds a very large majority of their cars here in the US. So when is the best time to buy a car in this current environment right now? Well, if you're already in the market for a new car, and when I say that, I mean, don't let headlines move you into the new car market. Let's say you're already there, your lease is ending, you've had a wrecked car or your car just won't last any longer. Make that process speed up just a little bit. Don't jump in because you're afraid about what the prices are going to be if you have a good car now, but if you're already in the market, speeding that process up will help. I just don't see how waiting can help in any way, especially since we know used car prices were already going to go up, no matter what. And so, what is the outlook for the summer that you're anticipating? Um, gradually increasing used car prices, gradually shrinking used car inventory, a relatively healthy new car inventory, but prices, prices will gradually creep up on many cars that you typically thought of as low price. So what we don't know is how they're going to spread out the price increases. What we do know is that there probably will be increases. While we have you, Brian, we're also keeping tabs on the Republican tax bill that passed the House headed to the Senate. In the bill, there is a proposal for a tax break for car purchases. Americans would be able to deduct up to $10,000 a year in eligible auto loan interest. So how impactful could this be for buyers and what are some of the details from the best assessment that you've been able to kind of put together? Right. So that could be a very good thing for consumers. And here's why. The affordability of new cars has been decreasing, meaning they're just becoming more expensive, not just the price of the car, but the price of purchasing credit to buy that car, and the price of servicing and the price of parts. So that kind of relief could move more people into the market. You should still be reasonable and get a low-priced car based on your budget, but that kind of thing is the sort of hidden fee that many consumers don't like, the interest rate or the service plan. So it could help greatly. Another place to look for consumers is the used electric car market. That's a great place for some bargains. What are you making right now of just the sentiment among car brands, especially as we think about the EV landscape and how Tesla has been losing some of its, its luster internationally? Is that something that's also transpiring here domestically? Yes. Well, yes, but this past month, GM, Nissan, and Tesla had pretty good months because there was increases in their electric vehicles. And remember, Tesla only sells electric vehicles. But yes, Tesla market share will continue to go down and that's simply because there's more options. Think about when Tesla first introduced the Model S and the Model X, you know, years ago, there wasn't much competition. Today, there's plenty of competition from brands like Nissan, Ford, Honda, and others. Brian, great to see you. Thanks so much for taking the time here with us today. Thank you.
Yahoo
2 hours ago
- Yahoo
Woman Accused of Killing Ex-Husband's Family with Poisoned Meal Tells Court 'Exotic Mushrooms' Have 'More Flavor': Reports
Erin Patterson, who is accused of killing her ex-husband's parents and a third family member after serving them a poisonous meal, has told a court in Australia that she accepts the meal must have contained death cap mushrooms The court also heard Erin say she was drawn to "exotic mushrooms" because they "just taste more interesting... [have] more flavor," according to BBC News Erin has pleaded not guilty to the murders and the attempted murder of a fourth family member, per The Sydney Morning HeraldThe Australian woman accused of killing her ex in-laws and a third family member by poisoning them after inviting them for lunch, has told a court she accepts that there were death cap mushrooms in the meal, according to reports. On July 29, 2023, Erin Patterson, 50, allegedly served her ex-husband's parents, Don and Gail Patterson, both 70, and Gail's sister, Heather Wilkinson, 66, beef wellington laced with poisonous mushrooms, which resulted in their deaths. Gail's husband Ian Wilkinson, 68, also attended the lunch and was hospitalized as a result, and NBC previously reported, citing authorities. Erin pleaded not guilty to the murders and the attempted murder of Wilkinson last month, per The Sydney Morning Herald. The prosecution has argued that Erin deliberately put the poisonous mushrooms in the food, but the defense says it was a "terrible accident," according to BBC News. During her trial on Monday, June 2, defense barrister Colin Mandy SC asked Erin, 'Do you accept there must have been death cap mushrooms in there?' She replied, 'Yes I do,' according to the outlet and The Guardian. Erin said in court that she bought the 'vast majority" of the mushrooms from a Woolworths supermarket in her hometown of Leongatha and some from an "Asian grocer in Melbourne,' per the The Sydney Morning Herald. She reportedly said the mushrooms from the grocers 'smelled really pungent' and packed them in a container at home. Her lawyer asked her whether she had purchased mushrooms from those stores before, and what kind she purchased. "There was shiitake, porcini, I think enoki was one of them. Sometimes the bags would say 'wild mushroom mix,' ' Erin said, per BBC News. The defendant said she bought a dehydrator in April 2023 to preserve both wild and store-bought mushrooms, according to The Sydney Morning Herald. After packing away the mushrooms she bought from the grocers in Melbourne, Erin said she also put wild mushrooms she dehydrated around June 2023 'in a container that already contained other dried mushrooms.' Erin said she started foraging for wild mushrooms in 2020 during the COVID-19 pandemic in several places, including the Korumburra Botanic Gardens near her home and in her backyard, per the outlet. 'The dog was eating some and I picked the mushrooms that I could see because I wanted to try and figure out what they were to see if it was a problem,' she said, per the outlet. '...They were ones that were potentially edible but there was one species I was a little bit worried about. I believe they were called inocybe.' Erin said she researched types of mushrooms on Facebook groups for mushroom lovers, according to the outlet. After trying out a mushroom she cooked at home and not feeling sick, she said she 'put them in meals [she and her children] ate.' Th court also heard how she was drawn to "exotic mushrooms" because they "just taste more interesting... [have] more flavor," per BBC News. "They tasted good and I didn't get sick," she said. Want to keep up with the latest crime coverage? Sign up for for breaking crime news, ongoing trial coverage and details of intriguing unsolved cases. Erin has been charged with three counts of murder and five counts of attempted murder. Her ex-husband, Simon Patterson was also invited to the lunch with his parents, according to police. The Associated Press previously reported that authorities alleged she had tried to poison Simon on three separate occasions. Prosecutors previously told the court that Erin lied to her guests that she had cancer, arguing that she used the cancer story to ensure her children would not be at the lunch, CNN reported. The defense did not dispute the cancer lie, according to the outlet. Read the original article on People
Yahoo
2 hours ago
- Yahoo
Four accused of smuggling cannabis to UK in the post
Four men have gone on trial charged with smuggling more than 300kg of cannabis from the US into the UK using the postal service. Mohammed Hussain, 28, Abdu Husain 28, Sean Montgomery, 24 and Steven Munroe 44, all from Cardiff, are charged with conspiracy to import and supply controlled drugs. An operation by police started after a postal worker reported suspicious activity and more than 20 uncollected parcels were seized at a sorting office. The jury at Newport Crown court heard this was "drug dealing on an industrial scale". Prosecutor Roger Griffiths said "80 addresses across south Wales" were listed in the police operation. Mr Griffiths said: "Some of the addresses didn't exist but you can see the scale of the operation by the number of addresses." He said 329kg of cannabis worth millions was imported. Mr Griffiths told the jury how two defendants, Mohammed Hussain and Abdu Husain, were both involved in the "distribution and collection of cannabis and large sums of money". He said the pair was working for the leader of an organised crime gang. The jury heard both men would collect parcels from the addresses and take them to a "stash house" in Cardiff. Mr Griffiths said: "While the pair have pleaded guilty to the domestic distribution, we say they must have been involved in the importation of cannabis." Text messages asking about delivery were read to the court, which the prosecution say shows they were "participants in the importation of drugs." Sean Montgomery's involvement was on 26 October 2024 he went to the Royal Mail sorting office in Barry to collect three parcels. They weren't released because the address didn't exist, the sorting office reported them and they were seized by the police. By this stage there were 22 parcels at the sorting office to the address. Parcels with at least 85kg were intercepted by UK Border Force. The court heard Stephen Munroe's involvement was he allowed 23kg to be delivered to his house in Splott. The prosecution claim he "knew about the bigger operation and parcels coming in from America". The jury was told the police operation started in November 2022 after a postal worker was suspected and arrested for intercepting parcels on his rounds. When a new worker started on that round, he was "approached by an Asian man who asked if there was a parcel for 44 Kidwelly Grove", Mr Griffiths said. "When he found out about his former colleague and when the man approached him a second time asking for a parcel, he made a note of the car number plate and model and reported it to the police. "The car was registered to Mohammed Hussain." Police arrested Mr Hussain and inside the car found empty cannabis packets and other drug paraphernalia. His phone was also seized, which Mr Griffiths said "revealed his extensive involvement in the distribution of cannabis". The "stash house" on Ninian Road was raided and 58 parcel wrappings were discovered and 1kg of cannabis. The men were all arrested in December 2024. Mr Munroe told officers he had accepted £50 to take delivery of a parcel but he didn't know about the parcels intercepted by UK Border Force. The court heard Mr Montgomery told the police he had only gone to the sorting office after a friend called him and asked because he was in Barry. The other two men exercised their right to silence. Mohammed Hussain and Abdu Husain have pleaded guilty to supply a controlled class B drug but deny conspiracy to import class B drugs. Sean Montgomery and Steven Munroe deny both charges.
