At the latest ways to harness tidal energy. Its sort of like kitesurfing, but on the water. If it moves, its a controller pauls en route towards more accessible games. If ijust raise my eyebrows, im making the carjump. And we look at how Generative Technology could revolutionise the moviegoing experience. It can make approximately 52 quintillion versions of the film. About 100,000 flights jet Around The World every day. Flying accounts for 2. 5 of all carbon emissions. Now, that might not sound like much, but if aviation was a country, it would be among the top ten most polluting nations in the world, and its impact is expected to rise. Now, theres a global race to get clean aviation off the ground. And some Companies Think theyre close to cracking it. Pretty soon, passengers will be flying in zero emission aircraft. But how did we get here . Archive The New Machine is called, optimistically, the flyer. Weve come a long way since the Wright Brothers first flight in 1903. That day, they
Now theres a global race to get clean aviation off the ground. And some Companies Think theyre close to cracking it. Pretty soon, passengers will be flying in zero emission aircraft. But how did we get here . Archive The New Machine is called, optimistically, the flyer. Weve come a long way since the Wright Brothers first flight in 1903. That day, they lifted the world into a new dimension. Then we achieved bigger, faster planes. Great, but thats also how we ended up with all these emissions. Jet engines burn kerosene, which releases carbon dioxide, one of the main Greenhouse Gases causing climate change. The industry faces an enormous challenge to clean up its act, and that means coming up with new fuels. Lets take a look at some of the options. There are biofuels, which are made out of things like plants or vegetable oils, but they still produce some harmful emissions. Then theres electric. But although batteries are getting far more efficient, the size that youd need to power a pass
The cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. Dimitri, how have consumers and businesses really responded to the rising Cost Of Living
Thats the highest since the launch of the euro more than 20 years ago. And its worth putting into context that as recently as last year, eurozone Interest Rates were negative. The reason is that inflation is proving harder than expected to control. For the 20 countries using the euro, inflation was 5. 3 in august thats half the 10. 6 that it was a year ago. But as the ecb says today, it is still expected to remain too high for too long. Earlier we got the view from The Economist katharine neiss, she explained the background to this latest move. The ecb told us today through their actions they are still concerned with inflation being too high. I think in particular they are concerned that underlying inflation could become embedded in the euro area economy, making it harder for policymakers to get inflation back to their 2 target. Widely perceived this could be the lasting increase, we heard from the banks president that there was, the decision was not unanimous, there were dissenters. T
Shelter and housing. And particularly you mentioned the cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects to raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. Dimitri, how have consumers and bu