SINGLE-MINDED BUT ALL IN THIS TOGETHER, WITH A NEW TYPE OF BIG-NOSED DINOSAUR (6/10)

Published on 11-11-2021 13:00:00

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On China’s Singles’ Day, we’re unusually co-operative, with America and China unveiling a surprise agreement to work together on cutting carbon emissions and COP26 leaders urged to dream about what might happen if we all just gave up cars. This company is offering the chance to give people Christmas presents of permanently removing carbon dioxide from the air. The EU has handed London a lucrative post-Brexit boost that protects 230,000 jobs. This backyard gardener has claimed a world record for a tree bearing 10 different fruits.

GOING IT ALONE

Some are striding out on their own, with electric car-maker Rivian pulling off the biggest stock market flotation since Facebook’s and Elon Musk pressing the button on his $1.1bn Tesla stock sale before tweeting to ask followers to vote on him disposing of a 10% stake. President Biden is insisting that tackling inflation is a ‘top priority’ after America’s consumer price index hit 6.2%.  Employers in Portugal could face penalties for contacting workers outside of office hours. At home, Marks & Spencer’s stock surge could see it re-join the FTSE 100, while record levels of personal savings have seen Aviva’s life insurance sales jump to £25bn. Edison client Centaur Media is embracing simplification and innovation. Johnson Matthey has changed its CEO and decided to ditch a division. This Japanese train driver is suing over 49c in docked wages. The FTSE All-Share is pushing ahead today.

MAKING EVERY LITTLE BIT COUNT

Some communal action is slower than required, with UK economic growth slowing to 1.3% in Q3 and London’s Nine Elms development, the centrepiece of Europe’s biggest regeneration project, selling fewer than one in 15 homes in its first year of marketing. The BBC says Christopher Walken really did paint over a Banksy artwork in the finale of The Outlaws. The rise of the personal pronoun is said to underline the City’s conversion to a woke agenda.

COMBINING TO CONQUER

As New Zealand’s sea lions recover from being decimated by hunting to crash gold courses and soccer matches, a retired Isle of Wight doctor has single-handedly discovered a new type of big-nosed dinosaur. But it took a roomful of historians to discover an entire ‘lost chamber’ of 15th-century wall paintings in a Yorkshire medieval manor house.

PERRY’S PERSONAL VIEW FROM GLASGOW

By Kelly Perry, Edison director and head of ESG

Yesterday, we saw the first release of the draft agreement. The main inclusions put continued emphasis on nations accelerating the phasing out of coal, the removal of subsidies for fossil fuels and commitment to the long-promised $100bn per year for developing nations. Additionally, the draft called for countries to strengthen their carbon cutting targets by the end of 2022, a shorter time frame in comparison to those of the past, emphasising yet again the urgency needed.

Immediate reaction has been mixed and COP26 president Alok Sharma has highlighted significant shortcomings that he insists are addressed. Whether or how this is done remains to be seen. While some scepticism clearly remains, alongside the urgent calls from the scientific community ringing in our ears, there is a growing sentiment of positivity from the delegates of COP26. World leaders need to take note of the strengthening public sentiment and demand for change and start taking these targets seriously, otherwise this will all have been for nothing.

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