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BBCNEWS Talking Business June 4, 2024 01:44:00

It happened in 22, 23 when this incredible mess took place and there everything started. i think we will see this acceleration retrospectively taking place across these couple of years. now that we are in the middle of it, we complain that it s not fast enough. so with your big push into renewables, let me ask you this, francesco. back injuly, the iea, the international energy agency, warned that china has an 80% share of the solar panel manufacturing industry. china also dominates wind turbine manufacturing. so how does the world stop itself becoming overreliant on china for renewables? just in the same way that we ve seen with russia and fossilfuels. let s say that we are altogether overreliant in china from many, many things, notjust renewables. we made an implicit pact with asia. ....

Big Push Into Renewables , Solar Panel Manufacturing Industry , Back Injuly , The Iea , Wind Turbine , Implicit Pact With Asia , Notjust Renewables ,

BBCNEWS Talking Business June 4, 2024 01:43:00

Viable and more friendly to the environment. so let s accelerate that. that s a focus in the next few years. francesco, as we know, you re trying to oversee a very ambitious refocusing of enel into a major player in renewable energy. and i m wondering, has this global energy crisis, has it been a catalyst in terms of unlocking both the necessary funding and government support to to move away from fossil fuels? i think if there were any doubts, i think this crisis has wiped it out. i mean, it clearly is difficult to sustain the fact that we should not move to a different electricity mix. definitely. this has been. an acceleration in that sense. like all accelerations that happened late, you wish this acceleration would be even larger. and i think you will see, looking back maybe five years down the road, we will say, where did it all happen? ....

Energy Crisis , Fossil Fuels , Renewable Energy , Electricity Mix ,

BBCNEWS Talking Business June 4, 2024 01:42:00

I think it will take years. it will take two or three years before we start to see the big acceleration on renewables, denting the demand of of the generation of electricity that today is using gas. and during this time, all we have to do is make sure that we don t compromise the economic performance of europe and keep the lights on at the same time. so it s a big challenge, honestly. diversification of sources is important, but also reduction of gas demand wherever possible, is needed. there are industrial areas that need gas. they need a molecule of methane. and i think we need to work so that these people can work without us burning stupidly gas or for heating or for for generating electricity. we can do that with different systems that are, by the way, also more economically ....

Europe S , Gas Demand ,

BBCNEWS BBC News June 4, 2024 14:29:00

Reports from cumbria. i m joined by tom whittington, retail and leisure research director at savills uk. it isa it is a cliche the changing face of the high street, but the new businesses coming in, the nail salons and everything, are they providing the cohesion and value to the high street that we traditionally associate with it? yes and thanks traditionally associate with it? jazz and thanks for having traditionally associate with it? 123 and thanks for having me. this is part of a longer trend, a reduction in the general need for the traditional high street uses and an increase in vacancy rate and the questions about what we should do where the spaces. after the pandemic we are seeing an acceleration of trends that provide convenience and amenity and something for the community that is bringing people back to the high street and a food example of the analysis you have ....

Tom Whittington , Savills Uk , It Isa , Members Isn T It , High Street , Nail Salons , Vacancy Rate , Food Example ,

FOXNEWS Fox News Live June 4, 2024 18:35:00

There s between 1.2 and $1.7 trillion of end quotes of excess savings in the economy, most of that was direct transfers of cash from the united states government. what this has caused is employers have increased wages materially. last on the year over year basis wages are up 5.1%, on the shorter period over 6% and on the month-to-month basis 7%. now, they have not those wages have not kept up with inflation and so americans have taken a pay cut but the federal reserve is focusing in on the acceleration of wage increases. this will cause them to continue to increase rates. so what could happen next year is the worst of all worlds which is americans consume or spend or burn off their excess savings ....

1 7 Trillion , 1 2 , 7 Trillion , Basis Wages , United States Government , 5 1 , Wage Increases ,