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Major UK high street bank quits UN-backed net zero alliance as it says body ‘not fit for purpose'
Major UK high street bank quits UN-backed net zero alliance as it says body ‘not fit for purpose'

Scottish Sun

time03-08-2025

  • Business
  • Scottish Sun

Major UK high street bank quits UN-backed net zero alliance as it says body ‘not fit for purpose'

Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A MAJOR high street bank has become the latest British lender to quit the Net Zero Banking Alliance, the bank said on Friday. Barclays argued that the departure of several global lenders has left it no longer fit to support the bank's green transition. Sign up for Scottish Sun newsletter Sign up 1 Barclays has become the latest British lender to quit the Net Zero Banking Alliance Barclays' decision to quit the foremost banking alliance focused on tackling climate change follows on from HSBC and several major US banks. It also raises questions about the ability of the group to influence change in the sector going forward. The bank said in a statement on its website: "After consideration, we have decided to withdraw from the Net Zero Banking Alliance." It added that its commitment to be net zero by 2050 remained unchanged and that it still saw a commercial opportunity for itself and its clients in the energy transition. Earlier this week Barclays published the first update on its sustainability strategy in several years. It said the bank made £500 million in revenue from sustainable and low-carbon transition finance in 2024. Jeanne Martin, co-director of corporate engagement at responsible investment NGO ShareAction called the decision to leave the Net Zero Banking Alliance "incredibly disappointing and a step in the wrong direction at a time when the dangers of climate change are rapidly mounting." Barclays said the alliance was no longer fit for its purpose: "With the departure of most of the global banks, the organisation no longer has the membership to support our transition." The Net Zero Banking Alliance, a global initiative launched by the United Nations Environment Programme Finance Initiative, lists more than 100 members on its website - including leading international financial institutions. A spokesperson for the alliance said it remains focused on "supporting its members to lead on climate by addressing the barriers preventing their clients from investing in the net-zero transition." Daily Money News It comes after it was announced that Barclays is slashing interest rates on its popular Rainy Day for the third time in less than seven months. From August 4, the interest rate for balances up to £5,000 will fall from 4.61% to 4.36%. The Rainy Day Saver account, which offers easy access to funds, has been a favourite among Barclays' 20 million customers. It is designed for balances up to £5,000, with savers earning the higher rate on the first £5,000 – currently 4.61%. Savings above this threshold earn just 1% interest, but customers benefit from instant access to their money at any time. At the current rate, holding £5,000 in the account would earn you £230.50 in interest over 12 months. However, when the rate drops to 4.36%, this will fall to £218 - a loss of £12.50 per year. Once boasting a competitive 5.12% interest rate earlier this year, Barclays has steadily chipped away at its appeal. In February, the rate dropped to 4.87%, followed by another cut in April to 4.61%. In February, the bank reduced the rate to 4.87%, followed by another cut in April to 4.61%. Now, just months later, rates are set to drop again, leaving savers questioning whether to stick with the account or explore better options elsewhere.

Delhi Rains Disrupt IGI Flights: IndiGo, Air India, SpiceJet Issue Advisories Amidst Heavy Downpour
Delhi Rains Disrupt IGI Flights: IndiGo, Air India, SpiceJet Issue Advisories Amidst Heavy Downpour

India.com

time29-07-2025

  • Climate
  • India.com

Delhi Rains Disrupt IGI Flights: IndiGo, Air India, SpiceJet Issue Advisories Amidst Heavy Downpour

Indira Gandhi International (IGI) Airport flight operations and overall Delhi-NCR flight operations are severely disrupted this Tuesday morning, owing to heavy rain and strong winds that have been falling continuously. Major airlines such as IndiGo, Air India, and SpiceJet have put out warnings, advising people to verify flight statuses and make necessary time adjustments for reaching the airport. SpiceJet notified flyers of "possible flight disruptions" to Delhi (DEL) and Dharamshala (DHM), adding that "all departures/arrivals and their consequential flights may get affected." Air India too warned travellers that "Gusty wind and rain may affect flight operations to and from Delhi this morning," asking them to "Allow extra time for your journey." IndiGo also made a "Rainy Day Reminder," indicating "heavy rain expected over Delhi; we're experiencing the possibility of delays and slow traffic to and from the airport." IndiGo stressed checking flight status before departure. VIDEO | Traffic snarl near IGI Stadium due to waterlogging caused by heavy rainfall in Delhi. (Full video available on PTI Videos - — Press Trust of India (@PTI_News) July 29, 2025 India Meteorological Department (IMD) has predicted largely cloudy with light to moderate rain, thunderstorms, and lightning in parts during the day. Although a heavy downpour was expected, no color-coded warning had been given by the IMD for Delhi when reports were made. Airport officials have urged travelers to schedule their journey with care because of the unpredictable weather. They are working closely with all the stakeholders in order to cause minimum inconvenience to operations. Citizens throughout the National Capital Region are advised to keep safe, steer clear of flooded areas, and adhere to official directives as more rain showers are predicted in the next few days. Travelers are advised in strong terms to directly contact their respective airlines to get the latest information regarding flight schedules to avoid inconvenience during this trying weather situation.

7 Asian Noodle Soups You'll Love To Slurp On Rainy Evenings
7 Asian Noodle Soups You'll Love To Slurp On Rainy Evenings

NDTV

time24-07-2025

  • Climate
  • NDTV

7 Asian Noodle Soups You'll Love To Slurp On Rainy Evenings

While soups can be undeniably comforting, they can quickly get boring. If you're struggling to include soups in your daily diet this monsoon, why not add some noodles to them? Doing so makes the dish more fun and more palatable. When the skies turn grey and the rain begins to fall, few things feel as soothing as a warm bowl of noodle soup. Just listen to the pitter-patter outside and curl up with this treat to experience monsoon magic! Here are some popular types of Asian noodle soup delicacies you must try. Monsoon Diet: 7 Asian Noodle Soups To Dispel Rainy Day Blues 1. Vietnamese Pho This Vietnamese classic is light yet rich. This fragrant broth is simmered with star anise, cloves, onion, herbs and other wholesome ingredients. The rice noodles in pho are slippery and soft, while thin slices of chicken melt in your mouth. There are a few different kinds of pho, and each is worth exploring. 2. Japanese Ramen In a rush? Can't cook? Deep, slurpable, and full of umami, ramen is pure comfort in a bowl. The main types are Shoyu, Shio, Miso, and Tonkotsu. Each variety has its charm, and you can also choose to customise the flavours to your liking. If you're feeling sluggish due to monsoon blues, order your favourite ramen bowl online via a food delivery app. 3. Thai Khao Soi Don't confuse this one with Burmese Khao Suey, though it does share a few similarities. Khao Soi's roots lie in the northern hills of Thailand. This spicy, coconut-laced curry noodle soup is just the right amount of creamy. Egg noodles add wonderful texture to the dish. The heat warms you from within, making it perfect for wet weather. 4. Malaysian Laksa This Malaysian noodle soup has several versions. A popular one features spicy curry paste, creamy coconut milk and a tangle of rice noodles. It is often topped with beans, egg and tofu/chicken, making it a protein-rich delight. When you need a noodle soup that's relatively healthy yet delicious, opt for laksa. 5. Tibetan Thukpa This rustic Himalayan noodle soup contains a clear broth, chunky vegetables and chicken/meat. You can choose to include a veg protein instead of meat in thukpa. The hand-pulled noodles soak up every drop of flavour, which makes this dish irresistible. A hint of chilli paste gives it the perfect kick to beat the damp cold. 6. Cantonese Wonton Noodle Soup This noodle soup is elegant and satisfying. It features yummy wontons floating in a flavourful broth with springy egg noodles. It's the kind of dish that feels like a reset button for your soul and system on a slow, rainy day. Many Asian restaurants have this kind of noodle soup on their menus. If you don't feel like making it from scratch, simply order it online. 7. Korean Kimchi Jjigae with Noodles Korean Kimchi jjigae becomes even more indulgent when paired with chewy noodles. The broth of this kimchi ramen stew has bold flavours you will love. It's a fiery pick-me-up when the rain just won't let up. If you're craving something different from the usual soup-and-noodle combinations, this one is sure to impress. If you're seeking desi flavours this season, check out our recommendations for popular Indian comfort foods for lunch.

County Council wants meeting to discuss use of interest revenue
County Council wants meeting to discuss use of interest revenue

Yahoo

time12-06-2025

  • Business
  • Yahoo

County Council wants meeting to discuss use of interest revenue

ANDERSON — The Madison County Council is planning to meet with the county commissioners to develop a strategy concerning the Cumulative Capital Improvements and Asset fund. Earlier this year the Madison County Board of Finance voted to place all of the interest earned on county general fund investments into the fund. The commissioners placed $1.2 million into the fund, but several members of the council believed control over the funds rested within their purview. Approximately $100,000 has been appropriated for repairs to the Bronnenberg Chapel by the commissioners. The Indiana State Board of Accounts has agreed that the Madison County Board of Finance determines where interest funds can be deposited. Council President Scott Green said Tuesday the intention to develop a strategy will involve a meeting to include Jodi Norrick, council vice president, council attorney Bob Clutter with the commissioners and county attorney Jeff Graham. Councilwoman Kristi Grabowski said she wanted more feedback on who controls the interest earnings and recommended getting an opinion from the Indiana Department of Local Government Finance. One of the issues to be resolved is a request from Madison County Sheriff John Beeman for $50,000 to purchase body armor for deputies. Clutter said the state statute authorizing a Cumulative Capital Improvement Fund allows for the purchase of the body armor with the funds. 'The commissioners can appropriate the money,' Clutter said. Sheriff Beeman would have to request the funding for the body armor from the commissioners. Auditor Todd Culp said all the interest earned by the county's general fund investment goes into the Cumulative Capital Improvement and Assets fund. OTHER BUSINESS Culp said the county recently received $2.2 million from the state in local option income tax revenues. He said normally the county receives $1 million per month in local income tax revenues. Culp said the state holds tax collections in reserve until it reaches a certain percentage and the funds are released to the counties. He raised a 2026 budget concern as a result of the 11-year cycle of a 27th pay period for county employees. Culp said the council should include in the 2026 budget funds for the additional pay period in the amount of $1.3 million. He recommended the council fund the 27th pay period from the Rainy Day fund, which has already earned $588,000 in interest this year. Culp said by the end of the year, the Rainy Day fund should have a balance of $18 million. Green said the council hopes to have a draft 2026 budget in place in July after council members have meet with department heads. Culp asked that the council determine if a pay raise for county employees will be included in the budget early in the process. 'Make the decision early in the process rather than at the end of the budgeting process,' he said.

'AI music curation is harming UK festivals - here's how we can fight back'
'AI music curation is harming UK festivals - here's how we can fight back'

Metro

time05-06-2025

  • Entertainment
  • Metro

'AI music curation is harming UK festivals - here's how we can fight back'

The UK is famous for its music festivals. Hundreds of thousands attend festival giant Glastonbury every year while newer events like All Points East have become calendar events in London. But since 2019, 192 music festivals across the UK have disappeared. Last year alone, 60 festivals were cancelled or postponed. What's to blame? For Will Page, the former Chief Economist of Spotify, and Nico Perez, CEO of Mixcloud, it's artificial intelligence. Specifically, AI curation of playlists. If you have Spotify, you've already seen AI at work on a popular music platform. Those 'daily mixes' and the personal DJ are forms of the technology at work, catering to users' every need. But just how far will AI go in the music world – and could it be the death blow to music festivals? At SXSW London, Will and Nico sat down to chat about how AI has reshaped how we discover, personalise and consume music. Ticketing app DICE has put together a list of their 25 grassroots artists you need to see in London over the next six months. With tickets ranging from free to £27.50, these shows will ensure a great night to suit all tastes and budgets. Click HERE to catch the full list. There are a number of reasons why festivals have faced hardship in the past few years. A pandemic, inflation, the cost-of-living, and what Will and Nico call a lack of connection. Will pointed out: 'I'm not seeing any 'sold out' stickers on festival posters in May, like they normally are. 'Our music 'Venn diagrams' are not crossing. When you look at a festival lineup now, to many, it looks like a playlist made for someone else.' In recent years, many festival-goers have opted to buy one-day tickets to see one or two artists they care about – a sharp contrast from festival culture just ten or fifteen years ago. 'No one wants to take a risk on day two or three. We don't take risks anymore when it comes to music,' Will added. How can we fight back against this lack of risk-taking, which is, as Nico and Will point out, threatening festivals? Nico observed: 'I always say, nobody will wait in line for an AI DJ in the rain.' 'We have to remember it's important not to seek those million subscribers, or a large number. There's been such a focus on views and ratings, and in that process, we've lost sight of – are these quality artists?' 'Form small communities. Stay connected with people. Oftentimes, these are focused around local radio stations or local music,' Will said. Personalised playlists using AI offer a wide selection of genres, artists and decades – but they're not foolproof when it comes to expanding one's horizons. A quick look at Metro reporter Sarah Hooper's Spotify, when she asked it to make a 'Rainy Day' AI playlist, offered 50 songs. When she asked for a 'Love Song' mix, the same songs and artists on the 'Rainy Day' playlist were featured – again. With a noticeable lack of new music. Nico explained: 'What you'll often find with these AI recommendations is that there's a lack of serendipity that you lose in the process.' Long gone are the days of spending hours burning CD Mixes of your favourite tunes for a loved one, or personalised cassettes. More Trending AI curation has allowed people to listen to their own echo chamber, Nico says. 'If every single person is listening to their own echo chamber, we don't have any backgrounds or shared experiences in the music world. 'Over the long term, this ends up making us more isolated,' he said. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: King Charles serenaded by Meghan Markle and Prince Harry's wedding singers at SXSW London MORE: Fyre Festival launches tropical hotel this summer with $1,500 stays MORE: SXSW: 'The creative eyes of the world will be on London'

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