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2025-01-25
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US stocks mostly rose Friday after a report showed a healthy jobs market, and Paris rallied as President Emmanuel Macron vowed to serve out his full term and end France's political crisis. Oil fell on concerns of oversupply and Bitcoin held at a level over $100,000 after hitting records Thursday. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.California’s ‘Trump-proofing’ likely won’t include AI — at least not yet



Mikel Arteta hails Arsenal's 5-1 Champions League win over Sporting as best European away display of his tenure and insists it will kickstart the Gunners' season

Has your delivery been affected by Storm Darragh inflicted Port issues?My name is Rev. Clayton Summers, I have a background in engineering and I serve as the Resident Minister & Caretaker of the Walter Scott Camp & Learning Center south of Effingham. Two of the main focuses of Walter Scott are Education and Creation Care. Here at Walter Scott, we have now had our solar panels installed and tied into the grid for around 18 months. As part of that, we wanted to share the experience thus far, some of the numbers, and how this is a viable (and affordable) way to Care for Creation that nearly any person, family, church, nonprofit, or business entity can do. Our system is a 10kWh system, and thus far, our solar panels have saved an equivalent of 16 tons of carbon dioxide from going into the atmosphere compared to fossil fuel powered electricity. Another way to think about this would be as 1,600 gallons of gas, or driving a standard vehicle 35,000 miles. While there still are minerals mined in manufacturing solar panels, over their lifetime the mined minerals are 26 times less than if this energy were generated by coal. Additionally, solar panels make for cleaner air for everyone, as unlike fossil fuels, they do not increase rates of asthma or other breathing disorders from by-products of burning dirty energy sources. We do want to acknowledge that nothing lasts forever, and that is why we are grateful there are groups working on industrial-grade recycling centers for solar panels. These aren’t yet ready to handle all of the waste that will come, but people are working on solutions to problems we don’t even have yet. Our final note on the environmental impact of solar panels is that they alone aren’t going to stop climate change or save the planet, but they are part of an integrated solution to a clean grid. Along with hydropower, wind, nuclear, tidal generators, and battery storage, we can make a healthier environment together. When it comes to maintenance, the story of our panels can be summed up in one word: “low.” While some folks do clean off their panels to remove dust and improve efficiency, we get frequent enough rain in our area that this isn’t a factor with which we bother. The only times we clean off the panels are if we get substantial snow that will not be melting for several days (we put in maybe 1 hour of sweeping total over the course of a year). Other than this, we check in to make sure everything is functioning on the handy phone app twice a week and let them generate power. It’s pretty simple! The sticker price for our panels was $50,000. However, thanks to legislation in Illinois (the Climate and Equitable Jobs Act) and at the federal level (the Inflation Reduction Act), our total cost after all government rebates is $13,000. Given our utility provider and agreement for being tied into the grid, this means the panels will pay for themselves in 6.5 years, with about another 20 of producing free power after that. With the current legislation in place, we would be giving up free money (available to all non-profits, businesses, and individuals who own a home) to not have these panels. While legislation and tax credits/direct payments can change with different administrations, Illinois’ CEJA legislation does not currently have an end in sight (30% rebate). Even with zero rebates, solar would still be a net positive to our annual budget as it insulates us from any future rate hikes by utility providers. It is worth noting that if you haven’t looked in-depth at solar panels in the past 10 years, they have significantly decreased in cost as production has gone to scale. Like any technology, the cost decreases as it is produced in larger volumes. As of 2024, solar energy is the most cost-effective form of energy on the market. Do note that you should still make certain to go through a reputable company in installing solar. The best way to do this is by asking someone who already has solar panels who they used and if they are happy with the process. If it makes sense, choose a local provider to support the local community. Eighteen months in, if we were to install solar panels again (we will be doing this on other buildings at the camp, so it isn’t hypothetical for us), we would also opt for a battery as well. This will increase the initial cost, but save us money in the long run. We save more by using the energy we produce, than ‘selling’ it to our utility provider. In simple terms, we’d rather store what we don’t need and use it later, like in the evening when the sun isn’t shining, to maximize our savings. We find installing a clean energy source to be one of the expressions of our faith. The numbers show it is wise financial stewardship, but it also is wise earth stewardship. Our Christian faith calls for us to care for this sacred earth, and this is one of the many ways we are able to live into that call. If you want to know more, send us a message and we’ll be happy to talk about more specifics of the state and federal rebates, what the process is like from start to finish, and any other questions as we’re able.

Sara Duterte on ‘fabricated’ receipts: I can’t discuss intelligence operationsCONWAY, S.C. (AP) — AJ Clayton scored 34 points as Ohio beat Portland 85-73 on Friday. Clayton added 12 rebounds for the Bobcats (2-4). Aidan Hadaway scored 13 points while going 5 of 12 from the floor, including 1 for 6 from 3-point range, and 2 for 3 from the line and added eight rebounds. Victor Searls had 11 points and finished 5 of 8 from the field. The Pilots (2-4) were led by Vukasin Masic, who posted 17 points. Portland also got 13 points and seven rebounds from A.Rapp. Max Mackinnon also recorded 10 points and seven rebounds. Clayton scored 14 points in the first half to help Ohio up 46-30 at the break. Ohio pulled away with a 7-0 run in the second half to extend its lead to 19 points. Clayton led the way with a team-high 20 second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

Mining major Vedanta Ltd on Friday said the Mumbai bench of the NCLT has asked the company to call for a meeting of its secured and unsecured creditors and shareholders in the next 90 days to discuss the proposed demerger. The proposed demerger will create independent companies housing aluminium, oil and gas, power, steel and ferrous materials, and base metals businesses. The existing zinc and new incubated businesses will remain under Vedanta Ltd. "A meeting of the equity shareholders... be convened and held within 90 days from the date of receipt of the order," said a two-member bench of the National Company Law Tribunal (NCLT) comprising Technical Member Madhu Sinha and Judicial Member Reeta Kohli in its order dated November 21. Vedanta Chairman Anil Agarwal had earlier said the proposed demerger of the company's diverse verticals that represent more than 15 commodities will see it progress from being asset managers to asset owners. As the company passes through the transition phase, Vedanta is focusing on consolidating and strengthening its asset base to emerge as a world leader in each of its verticals, the chairman had said. The diversified natural resources company had moved the NCLT seeking a demerger after receiving a nod from lenders and had expressed hopes of completing the process by the end of this fiscal year. 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The demerger will help simplify the company's corporate structure by creating independent businesses. Moreover, it will offer global investors direct investment opportunities in pure-play companies linked to the country's impressive growth. The demerger will allow the individual units to pursue strategic agendas more freely and better align with customers, investment cycles, and end markets. From FY24 onwards, the company is investing USD 1.9 billion as growth capex across its businesses. The company reported a consolidated net profit of Rs 4,352 crore in the September quarter. It had posted a consolidated net loss of Rs 1,783 crore in the year-ago period. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its record

Pep Guardiola’s side avoided the indignity of a sixth successive defeat in all competitions and looked on course for a welcome victory thanks to a double from Erling Haaland – the first from the penalty spot – and a deflected effort from Ilkay Gundogan. Yet Guardiola was left with his head in hands as Feyenoord roared back in the last 15 minutes with goals from Anis Hadj Moussa, Sergio Gimenez and David Hancko, two of them after Josko Gvardiol errors. Arsenal delivered the statement Champions League win Mikel Arteta had demanded as they swept aside Sporting Lisbon 5-1. Arteta wanted his team to prove their European credentials, and goals from Gabriel Martinelli, Kai Havertz, Gabriel, Bukayo Saka and Leandro Trossard got their continental campaign back on track in style following the 1-0 defeat at Inter Milan last time out. A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. Paris St Germain were left in serious of danger of failing to progress in the Champions League as they fell to a 1-0 defeat to Bayern Munich at the Allianz Arena. Kim Min-jae’s header late in the first half was enough to send PSG to a third defeat in the competition this season, leaving them six points off the automatic qualification places for the last 16 with three games to play. Luis Enrique’s side, who had Ousmane Dembele sent off, were deservedly beaten by Bayern who dominated chances and possession. Elsewhere, Atletico Madrid were 6-0 winners away to Sparta Prague, Julian Alvarez and Angel Correa each scoring twice whilst there were also goals from Marcos Llorente and Antoine Griezmann. Barcelona ended tournament debutants Brest’s unbeaten start with a 3-0 victory courtesy of two goals from Robert Lewandowski – one a penalty – and Dani Olmo. Lewandowski’s first was his 100th Champions League goal, only the third man to reach the mark after Cristiano Ronaldo and Lionel Messi. A Castello Lukeba own goal saw Inter Milan go top of the standings with a narrow 1-0 win over RB Leipzig at San Siro, whilst Bayer Leverkusen were emphatic victors against Red Bull Salzburg, Florian Wirtz scoring twice to move Xabi Alonso’s side into the automatic qualification places. Atalanta continued their strong start, albeit whilst conceding a first goal in Europe this season in a 6-1 win away to Young Boys, whilst Tammy Abraham scored the decisive goal as AC Milan beat Slovan Bratislava 3-2.With Marc de Grandpre as president and GM and Julian de Guzman as sporting director, the New York Red Bulls come with a distinctly Canadian flavour. On Saturday, both will be cheering on their team as it takes on the Los Angeles Galaxy, led by former Toronto FC coach Greg Vanney, in the MLS Cup final in Carson, Calif. De Grandpre is in his second stint with the Major League Soccer club while de Guzman, a Toronto native and former Canada captain, joined the front office in February. “We’re all excited. This is a big moment for the club,” said de Grandpre, a Montreal native. “We haven’t been here since 2008 (when the Red Bulls lost 3-1 to Columbus in their first final appearance). “This is like a Game 7 ultimately and we’re going to leave it all out there and hope for the best,” he added. “We’re very proud of the team, the players and where we’re at. (Saturday), I guess, before kickoff anxiety will kick in but we have to enjoy the moment. These are not moments that occur every year or every other year. We’re lucky, fortunate and we’re grateful to be here and we’ll soak it all in as an organization.” While the fourth-place Galaxy (19-8-7) finished 12 places and 17 points ahead of the Red Bulls (11-9-14) in the overall league standings, one can argue the New Yorkers arrive at Dignity Health Sports Park as the team of destiny. Entering the playoffs as the seventh-ranked team in the Eastern Conference, the Red Bulls are the lowest-ever seed to reach the MLS championship game. The Red Bulls started the season with just one loss in their first 10 league outings (4-1-5) and went unbeaten in their first 12 league outings at Red Bull Arena (7-0-5) before losing 2-0 to Philadelphia on Aug. 31. But they limped into the playoffs after winning just one of their last nine regular-season outings (1-5-3). The lone win (4-1) during that run came Oct. 2 at lowly Toronto. De Grandpre points to the break for the Leagues Cup, which ran July 26 to Aug. 25, for the loss of form during that run. The Red Bulls played just two Leagues Cup games, losing to Toronto and Mexico’s Pachuca both on penalty kicks, with a 25-day pause before resuming MLS play. “The team managed to persevere, stay resilient and get us into the playoffs,” said de Grandpre. “And they’re true to the form they were showing early in the season. “It’s a group of players who truly enjoy being with each other, love each (other), care for each other and have totally embraced what (German coach) Sandro (Schwarz) has brought to the table in terms of culture and the way we approach the matches. You can feel it in the room. It’s a special group of people.” The Red Bulls are making the most of their record 15th-straight post-season appearance. They started the playoffs with a bang, upsetting defended champion and second-seeded Columbus 1-0 on the road and then via penalty shootout in Harrison, N.J., to win the best-of-three first-round series. They went on to dispatch No. 6 New York City FC 2-0 in the Eastern Conference semifinal and No. 4 Orlando City 1-0 in the conference final. The Red Bulls have made sure their fans will be on hand to cheer on the team. The club bought almost 2,000 tickets for members of its supporters groups and season-ticket holders as well as for its front office, custodial and security staff from its stadium and training facility, and food and beverage partners. “We want to make sure we reward our fans and that our most important human capital is with us — our staff, the people who make it happen ever day. We want to reward them as well,” said de Grandpre. Some 700 members of the Red Bulls supporters groups also each received US$300 as well as a ticket to help defray travel costs. De Grandpre started with Bauer Hockey in Montreal and then, after graduate school in the U.S., became one of the first marketing employees for Red Bull North America in late 1999. In 2006, when the Austria-based energy drink giant bought the New York/New Jersey MetroStars, de Grandpre was tasked with rebranding the franchise to the Red Bulls. He spent two years as the team’s managing director before moving on to Qualcomm (wireless technology), Imax (immersive cinema) and KIND (healthy snack foods), rejoining the Red Bulls in April 2014 as GM. “Ever since then, it’s been a pleasurable experience, very rewarding. I’ve surrounded myself and the organization with the best talent in the business,” he said. “And I believe that is why we are here today. It’s been a long road, but the right way to get there, that’s for sure.” In 2015, de Grandpre was honoured with the league’s Doug Hamilton Executive of the Year award. This report by The Canadian Press was first published Dec. 6, 2024. Follow @NeilMDavidson on the X platform.

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