Source: Sharecast
Ed Miliband is poised to soften the government's position on North Sea oil and gas exploration as he seeks to appease Labour's union backers and see off the growing threat from Reform UK. The energy secretary is under mounting pressure to dilute his party’s ban on new drilling to help to boost jobs and smooth the transition to renewables. Several sources familiar with the discussions expect him to approve "tie-backs", allowing new fields to be explored via adjacent existing sites. This is expected to lead to the extraction of new reserves of fossil fuels and extend the lifespan of the North Sea oil and gas sector, which supports about 120,000 direct and indirect jobs in the UK. - The Times
Passengers at London Heathrow airport and those in Brussels and Berlin faced another day of delays on Sunday after an alleged cyber-attack hit check-in desk software. Airlines were forced to revert to manual check-in from Friday night after the alleged attack hit Collins Aerospace, which provides check-in desk technology to various airlines. Airports urged customers to check the status of their flights before travelling and asked passengers to arrive no earlier than three hours before long-haul flights and two hours before shorter journeys. Collins said on Saturday that it was dealing with a "cyber-related incident". If confirmed as a hack, it would join a long line of attacks that have hit major companies in recent months. The UK's biggest automotive employer, Jaguar Land Rover, has been unable to produce any cars for three weeks because of a hack, while the British retailers Marks & Spencer and the Co-op were also hit by separate attacks earlier this year. - The Guardian
King Charles's private property estate has made more than £1m at taxpayers' expense from the sale of land for projects linked to the leg of HS2 which will no longer be built, the Guardian can reveal. The Duchy of Lancaster negotiated payments totalling £1,132,400 by selling land for road works near a proposed hub station in Crewe, Cheshire, in a deal that has emerged despite the organisation's assertion that it is "completely self-financing and does not rely on taxpayers' money". - The Guardian
The UK has sent fighter jets to Poland in a clear warning shot to Vladimir Putin that Western nations will not tolerate Russia's repeated incursions into Nato territory. The RAF Typhoons took part in a Nato operation to bolster European security after Russia provoked global outrage when its jets flew into Estonian airspace on Friday. Defence secretary John Healey said the use of British fighter planes sent "a clear signal: Nato airspace will be defended". - The Independent
It was the first company to break through the $4trn market value barrier. It leads the world in a crucial new technology. And it is investing huge sums every year in developing new products and opening up new markets. By any normal standards, the microchip giant Nvidia should be the jewel in the crown of the American economy. But instead of letting it flourish, Donald Trump keeps meddling in its affairs. The president is now the biggest threat to the world's most valuable business – and investors should be increasingly nervous about that. While Nvidia's chief executive, Jensen Huang, was in the UK last week to take part in the president's state visit, something far more important was happening back home: Nvidia announced a $5bn investment in the rival chip manufacturer Intel. It was not hard to see the fingerprints of the White House all over the deal. Only a month has passed since the US government itself took a 10% stake in Intel, and it is very difficult to avoid the suspicion that Huang has been hustled into helping out a business that has been struggling for the last few years. - The Telegraph