As Boris sees no more than a six-in-ten chance of a breakthrough agreement at Glasgow’s COP26 climate emergency summit, we’re teetering on the edge. Evergrande Group, China’s second biggest property company, has plunged 10% to an 11-year low, while US Treasury Secretary Janet Yellen says an American debt default would trigger a historic financial crisis. The Republican Party stands accused of being like ‘Tinder for terrorists’. France has scrapped a defence summit with the UK. Britain is being warned that a ‘baby shortage’ could lead to economic stagnation. The FTSE All-Share is running for cover.
TRYING TO STEP ON THE GAS
Business Secretary Kwasi Kwarteng is trying to avert a full-scale British energy crisis this winter, when a carbon dioxide shortage could also mean a cull of pigs and a Christmas turkey shortage. SSE is denying bowing to pressure from an activist investor to split up its business. Facebook is hitting back at a report that says it is ‘riddled with flaws’. Violinist Nigel Kennedy has pulled out of a Royal Albert Hall concert after being asked to play Vivaldi, not Hendrix. Join today’s Edison webinar with client Tryp Therapeutics on leading the next wave of psychedelic drugs beyond mental health.
ENJOYING RUDE HEALTH
There’s cause to celebrate, with Britain’s technology sector on course to raise record funding and extend its lead over competing European hubs and AstraZeneca hailing ‘groundbreaking’ results from a study of its Enhertu potential breast cancer treatment. Edison is initiating research on drug delivery technology firm Midatech Pharma.
MINDING THE GAP
New tube stations are opening in the first major addition to the London Underground this century. Universal Studios Beijing is finally letting in visitors after a two-decade wait. And this acrobat has thrilled Paris crowds by walking across a 600m slackline over the Seine.