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Heavy travel day starts with brief grounding of all American Airlines flights
After reaching a new high in 2024, global demand for coal is set to level off in the coming years as a surge in renewable power helps to meet soaring demand for electricity around the world, according to an IEA report out today. Coal 2024 – the new edition of the IEA’s annual coal market report, which analyses the latest trends and updates medium-term forecasts – shows that global coal use has rebounded strongly after plummeting at the height of the pandemic. It is poised to rise to 8.77 billion tonnes in 2024, a record. According to the report, demand is set to stay close to this level through 2027 as renewable energy sources play a greater role in generating power and coal consumption levels off in China. The electricity sector in China is particularly important to global coal markets, with one out of every three tonnes of coal consumed worldwide burned at a power plant in the country. In 2024, China continued to diversify its power sector, advance the construction of nuclear plants and accelerate its huge expansion of solar PV and wind capacity. This should help limit increases in coal consumption through 2027, according to the report, though it also highlights a number of key uncertainties in its analysis. Electricity use in a number of countries, including China, is growing at a strong pace due to a combination of factors, including the electrification of services like transport and heating, rising demand for cooling, and increasing consumption from emerging sectors such as data centres. Additionally, weather patterns could drive fluctuations in coal consumption in the short term. According to the report, coal demand in China by 2027 could be up to 140 million tonnes higher or lower than forecast due to weather-related variability in renewable generation. The rapid deployment of clean energy technologies is reshaping the global electricity sector, which accounts for two-thirds of the world’s coal use. As a result, our models show global demand for coal plateauing through 2027 even as electricity consumption rises sharply,” said IEA Director of Energy Markets and Security Keisuke Sadamori. “However, weather factors – particularly in China, the world’s largest coal consumer – will have a major impact on short-term trends for coal demand. The speed at which electricity demand grows will also be very important over the medium term.” In most advanced economies, coal demand has already peaked and is expected to keep decreasing through 2027. The pace of decline will continue to depend on the enactment of strong policies, such as those implemented in the European Union, and the availability of alternative power sources, including cheap natural gas in the United States and Canada. Meanwhile, demand for coal is still increasing in some emerging economies where electricity demand is rising sharply along with economic and population growth, such as India, Indonesia and Viet Nam. In emerging economies, growth is mainly driven by coal demand from the power sector, although industrial use is also going up. Coal prices today remain 50% higher than the average seen between 2017 and 2019. Coal production reached an all-time high in 2024, though growth is expected to flatten through 2027 as structural changes take hold. International trade of coal by volume is also set to reach a record in 2024 of 1.55 billion tonnes. However, looking ahead, global trade volumes are set to shrink, with thermal coal seeing the biggest decline. According to the report, Asia remains the centre of international coal trade, with all of the largest importing countries in the region, including China, India, Japan, Korea and Viet Nam, while the largest exporters include Indonesia and Australia. Source: IEA
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WASHINGTON (AP) — American Airlines briefly grounded flights nationwide Tuesday because of a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne about an hour after the Federal Aviation Administration ordered a national ground stop for the airline. The order, which prevented planes from taking off, was issued at the airline's request. The airline said in an email that the problem was caused by trouble with vendor technology that maintains its flight operating system. Dennis Tajer, a spokesperson for the Allied Pilots Association, a union representing American Airlines pilots, said the airline told pilots at 7 a.m. Eastern that there was an outage affecting the system known as FOS. It handles different types of airline operations, including dispatch, flight planning, passenger boarding, as well as an airplane's weight and balance data, he said. Some components of FOS have gone down in the past, but a systemwide outage is rare, Tajer said. Hours after the ground stop was lifted, Tajer said the union had not heard about any “chaos out there beyond just the normal heavy travel day.” He said officials were watching for any cascading effects, such as staffing problems. Flights were delayed across American's major hubs, with only 37% leaving on time, according to Cirium, an aviation analytics company. Out of the 3,901 domestic and international American Airlines flights scheduled for Tuesday, 19 were canceled. Cirium noted that the vast majority of flights were departing within two hours of their scheduled departure time. A similar percentage — 36% — were arriving at their destinations as scheduled. Meanwhile, the flight-tracking site FlightAware reported that 3,712 flights entering or leaving the U.S., or serving domestic destinations, were delayed Tuesday, with 55 flights canceled. It did not show any flights from American Airlines. Cirium said Dallas-Fort Worth, New York’s Kennedy Airport and Charlotte, North Carolina, saw the greatest number of delays. Washington, Chicago and Miami experienced considerably fewer delays. Amid the travel problems, significant rain and snow were expected in the Pacific Northwest at least into Christmas Day. Showers and thunderstorms were developing in the South. Freezing rain was reported in the Mid-Atlantic region near Baltimore and Washington, and snow fell in New York. Because the holiday travel period lasts weeks, airports and airlines typically have smaller peak days than they do during the rush around Thanksgiving, but the grind of one hectic day followed by another takes a toll on flight crews. And any hiccups — a winter storm or a computer outage — can snowball into massive disruptions. That is how Southwest Airlines stranded 2 million travelers in December 2022, and Delta Air Lines suffered a smaller but significant meltdown after a worldwide technology outage in July caused by a faulty software update from cybersecurity company CrowdStrike. Many flights during the holidays are sold out, which makes cancellations even more disruptive than during slower periods. That is especially true for smaller budget airlines that have fewer flights and fewer options for rebooking passengers. Only the largest airlines, including American, Delta and United, have “interline agreements” that let them put stranded customers on another carrier’s flights. This will be the first holiday season since a Transportation Department rule took effect that requires airlines to give customers an automatic cash refund for a canceled or significantly delayed flight. Most air travelers were already eligible for refunds, but they often had to request them. Passengers still can ask to get rebooked, which is often a better option than a refund during peak travel periods. That’s because finding a last-minute flight on another airline tends to be expensive. An American spokesperson said Tuesday was not a peak travel day for the airline — with about 2,000 fewer flights than the busiest days — so the airline had somewhat of a buffer to manage the delays. The groundings happened as millions of travelers were expected to fly over the next 10 days. The Transportation Security Administration expects to screen 40 million passengers through Jan. 2. Airlines expect to have their busiest days on Thursday, Friday and Sunday. Many flights during the holidays are sold out, which makes cancellations more disruptive than during slower periods. Even with just a brief outage, the cancellations have a cascading effect that can take days to clear up. About 90% of Americans traveling far from home over the holidays will be in cars, according to AAA. “Airline travel is just really high right now, but most people do drive to their destinations, and that is true for every holiday,” AAA spokesperson Aixa Diaz said. Gasoline prices are similar to last year. The nationwide average Thursday was $3.04 a gallon, down from $3.13 a year ago, according to AAA. Charging an electric vehicle averages just under 35 cents per per kilowatt hour, but varies by state. Transportation-data firm INRIX says travel times on the nation’s highways could be up to 30% longer than normal over the holidays, with Sunday expected to see the heaviest traffic. Boston, New York City, Seattle and Washington are the metropolitan areas primed for the greatest delays, according to the company. —— Associated Press writers David Koenig, Mae Anderson and Mike Pesoli contributed to this report."If you didn't know you were in Exeter, what city would you guess you were in?" I quizzed my mum as we sat in a bar at the Christmas Market that felt remarkably bustling for a relatively small city. She took a moment to absorb the vibrant atmosphere at The Cathedral Tavern and responded: "Honestly, I wouldn't even say we're in the UK. It feels like we're on the continent. This is akin to something they'd have in Germany." On paper, Christmas markets aren't really her cup of tea, nor are they mine. The massive crowds, repetitive tunes, and street food aromas result in total sensory overload, adding to the already stressful task of Christmas shopping. Our encounters with markets in other parts of the country have either been stalls dumped in the middle of an already crowded High Street or a garish and almost cartoonish attempt to mimic a traditional German market, complete with oversized beer steins and bratwursts. When I fully immersed myself in the Exeter Cathedral Christmas Market last year, I realised how fortunate we truly are. Sure, there's music and crowds, but it feels like a lot of thought has gone into making it more than just a gimmick. I had a smashing time at the local stalls last year and even bagged some locally-produced presents, which felt heaps better than splurging on big-name brands. This year, I was dead set on getting Mrs S to see it the same way. You've got to have a strategy for events like this; for us, it all started with scoffing down some grub. Starving amidst throngs of people whilst you're trying to peek at gifts and juggling a messy bite isn't my cup of tea. The food section was heaving but surprisingly the queues moved quickly. If you're venturing to a Christmas market for the first time, take a tip from me and munch a bit earlier than usual to dodge the masses. After brilliant fried chicken from Urban Cowboy Street Food we kick offed our pressie hunt. Mum fancied finding quirky little bits and bobs, but though there was a truckload of stuff, the diversity wasn't up to much. She said: "There were a lot of multiples offering the same thing. It would have been nice if there were more traditional Christmas food gifts and more unique things that would work as stocking fillers." Aside from nabbing a few divine-scented candles, our shopping outing resulted in a rather light haul. After deciding it was time to explore the town and take a breather from the bustling throngs of shoppers, we pledged to circle back to the market later. "It was starting to feel like we hadn't done it right," Mrs S remarked. However, that feeling shifted when we hit the bar. Faye Williams, co-owner of Barnova which operates the market's two watering holes, pointed out the substantial investment involved in setting up these venues and their commitment to backing local enterprises, justifying the slightly steeper prices for a brew or mulled wine compared to one's local pub. We approached The Cathedral Tavern with some reservations, anticipating dense crowds and potentially tiresome service delays, along with the struggle to secure seating. These concerns, however, proved unnecessary. "The staff were lovely and it didn't feel like you had to push your way in to order," remarked mum, visibly relieved. "The service was quick and we even found somewhere to sit." The atmosphere was truly electric. Everywhere you turned, there were smiles aplenty and a palpable sense of joy. I only found one person looking at their phone instead of chatting with friends. It was like a mood switch; any earlier feelings of deflation were instantly swapped for high spirits. Even mum ended up making a surprise connection: "I made friends with someone's very cute dog. What's not to love? " she beamed. The market is in full swing until Sunday, December 15, open between 10am to 7pm from Monday to Wednesday, from 10am to 9pm on Thursday to Saturday, and on Sundays from 11am to 5pm.
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Breaking News Don't miss out on the headlines from Breaking News. Followed categories will be added to My News. Anthony Albanese has been accused of responding “too slow” to a surge in anti-Semitism after yet another incident in Sydney. A crime scene was established in the east Sydney suburb of Woollahra after “Kill Israiel” was scrawled onto a wall behind a torched car in the early hours of Wednesday. Another car and two buildings were also vandalised, authorities said. CAnthony Albanese has been accused of responding “too slow” to a surge in anti-Semitism after yet another incident in Sydney. Picture: NewsWire / Martin Ollman ‘Kill Israiel’ was scrawled onto a wall behind a torched car in Sydney’s east. Picture: onScene Bondi A crime scene has been established. Picture: Supplied The second high profile anti-Semitic incident in a major Australian city in less than a week, senior Coalition MP Sussan Ley said she wanted “to see strong leadership from the Prime Minister”. “This is not a peaceful protest. This is thugs and hooligans going to where Jewish people live, to their homes, and conducting these sort of awful, awful acts of intimidation, harassment, and who knows what next,” she told Sky News. “I want to see arrests, I want to see action, I want to see strong leadership from the Prime Minister, and I’m not sure that we’re seeing that now.” Mr Albanese and several senior ministers have condemned the latest incident in Sydney. “Overwhelmingly, Australians are respectful people,” he told the ABC. “Australians want to live peacefully, side by side, and Australians reject this abhorrent criminal behaviour.” Mr Albanese said the incident was “not a political act”, in that it would “not change anything that is occurring in the Middle East”. “This is an attack against their fellow Australians,” he said. This latest attack is an abhorrent attempt to intimidate our Jewish community, but it will not be successful. Officers from Operation Avalite will brief the Government this morning. Home Affairs officials are engaging with NSW Police. — Tony Burke (@Tony_Burke) December 10, 2024 Meanwhile, Home Affairs Minister Tony Burke has pledged that those behind the incident in Woollahra “will face the full force of the law”. “This latest attack is an abhorrent attempt to intimidate our Jewish community, but it will not be successful,” Mr Burke said in a statement. “Officers from Operation Avalite will brief the government this morning. Home Affairs officials are engaging with NSW police. “We will continue to stand with the Jewish community against hatred and violence which has no place in our country. Those responsible for this will face the full force of the law and the condemnation of our community.” The Albanese government on Monday announced Operation Avalite, a special taskforce to tackle anti-Semitic attacks after a synagogue in Melbourne was firebombed last week. But many in the Jewish community have questioned why it took so long for any concrete action. Prime Minister Anthony Albanese visited a synagogue in Melbourne that was firebombed last week. Picture: NewsWire / David Geraghty On Tuesday, security rushed Mr Albanese into his car after he was heckled while visiting the Adass Israel Synagogue in Melbourne. The incident overnight in Woollahra, which has a high Jewish population, is the second such incident in the suburb in less than a month. In late November, several buildings were vandalised with anti-Semitic graffiti and a car set alight. Two men have been charged in relation to that incident. Originally published as ‘Too slow’: PM under fire after latest anti-Semitic incident in Sydney Read related topics: Anthony Albanese Join the conversation Add your comment to this story To join the conversation, please log in. Don't have an account? Register Join the conversation, you are commenting as Logout More related stories Breaking News ‘Appalling’: TV star’s attack on woman A lifeguard who stars in the iconic reality TV series Bondi Rescue has been slammed for assaulting a woman “in a fit of alcoholic rage”. Read more Breaking News Machete wielding teens at carols event Police have arrested three teenage boys armed with machetes after clashing with authorities at a family Christmas event on Tuesday evening. Read moreSeveral Nasdaq-listed companies have delivered remarkable returns in 2024, with one standout performer making investors significantly wealthier. What Happened : According to Benzinga Pro , several Nasdaq-listed companies have delivered impressive returns in 2024. Quantum Computing Inc. QUBT tops the list with a staggering 1,756.12% increase. It recently signed a significant contract with NASA’s Goddard Space Flight Center for advanced imaging and data processing. 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The term was first coined by Peter Lynch in his book “One Up on Wall Street.” Read Next: Celebrities Like Ellen DeGeneres, David Beckham And Simon Cowell Have Turned England’s Idyllic Cotswolds Disclaimer : This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors. Image via Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.None