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Joshua vs Dubois: Daniel Dubois stops Anthony Joshua in five rounds at Wembley Stadium

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Solheim Cup 2024: US beat Europe in Virginia for first win since 2017

Daniel Dubois sensationally dismantled fellow Briton Anthony Joshua in five rounds to catapult himself into global sporting stardom in front of 96,000 fans at Wembley Stadium on Saturday.

The 27-year-old dropped Joshua multiple times to retain the IBF heavyweight title and leave his domestic rival’s career in ruins.

Londoner Dubois stopped Joshua, 34, with a incredible counter right hook to secure the biggest win of his 24-fight career.

“Are you not entertained?” Dubois said post-fight to huge cheers at Wembley.

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“I’m a gladiator. I am a warrior to the bitter end. I want to get to the top level of this sport and reach my potential.”

Joshua’s bid to become a three-time champion and return to the division’s top table ended in the most dramatic and unexpected fashion.

AJ – who won his first world title more than eight years ago – suffered a fourth loss in his 32nd bout.

The 2012 Olympic gold medallist worked himself back into mandatory challenger status, but the dominant nature of Dubois’ win left a huge question mark on Joshua’s next move.

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An ecstatic Dubois, meanwhile, enjoyed the crowning moment which had eluded him after he was elevated to world champion when Oleksandr Usyk vacated the belt.

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Travel

UK’s biggest Wetherspoons to close until next month ahead of renovation

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The UK's biggest Wetherspoons is closing for a big renovation

THE country’s biggest Wetherspoons is closing for nearly a month – with plans for a big refurbishment.

The Royal Victoria Pavilion in Ramsgate is the largest Wetherspoons in the UK.

The UK's biggest Wetherspoons is closing for a big renovation

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The UK’s biggest Wetherspoons is closing for a big renovationCredit: Alamy
The Royal Victoria Pavilion in Ramsgate opened in 2017

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The Royal Victoria Pavilion in Ramsgate opened in 2017Credit: Kara Godfrey – Commissioned by The Sun
The pub has room for 1,500 people

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The pub has room for 1,500 peopleCredit: Kara Godfrey – Commissioned by The Sun

Having opened in 2017, the 11,000sqm pub is right on the seaside town’s beach, with space for 1,500 people.

However a sign in the pub has warned punters not to rock up for the next month, as it is set to close for a renovation.

The sign reads: “Wetherspoons refurbishment at Royal Victoria Pavilion.

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“This pub will be closed from Monday 11 November, reopening on Saturday 7 December 2024.

Read more on Wetherspoons

“We apologise for any inconvenience.”

Drinkers were told their nearest Wetherspoons during the closure would be The Mechanical Elephant in Margate.

The pub chain has not revealed what to expect from the refurbishment.

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Sun Travel has contacted Wetherspoons for comment.

The pub, now a Grade-II listed building, was built in 1903 as a concert and assembly hall.

Over the years, it was turned into both a casino and nightclub and then closed in 2008.

One of the UK’s prettiest Wetherspoons is in an up-and-coming seaside town

Wetherspoons then spent £4.5million on turning it into a pub.

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Set across two floors, with an outdoor terrace overlooking the sea.

If you do find yourself in Ramsgate when the pub is closed, there are other attractions to visit.

This includes the only royal harbour in the UK, as well as Ramsgate Tunnels.

What is it like to visit the UK’s biggest Wetherspoons

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The Sun’s Deputy Travel Editor Kara Godfrey went down to visit.

“Despite it’s size and even on a Monday afternoon, I struggled to get one by the window as most people sit around the edges to be near one of the many beach views.

“Sadly staff said there was no good or bad time to find a spot, saying they are always the popular seats.

“A local told me they often come to the pub, despite living in the nearby Margate which has its own Wetherspoons.

“If you are a fan of the Spoons pubs, then it is definitely worth a day trip – many of my friends in London were even discussing planning a pilgrimage to it.”

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Other pubs include The Belle Vue Tavern as well as the Hovelling Boat Inn, a micro pub.

Otherwise there are some other beautiful Wetherspoons in other seaside towns too.

There is the Samuel Peto in Folkestone which is built in a former church – and we went down to try it out.

The Sir Henry Segrave in Southport is to reopen with a new hotel and ‘tower suite’

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Or if you don’t need the beach, here’s what to expect from the new £2.8million The Lion and The Unicorn which opened earlier this year in London Waterloo.

We’ve even rounded up the 10 most beautiful Wetherspoons in the UK.

The pub will be closed until next month

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The pub will be closed until next monthCredit: Alamy

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How each country’s emissions and climate goals compare

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The biggest contributors to carbon emissions. Charts showing Tonnes of CO₂ equivalent emissions of top five emitters by total emissions and per capita

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The biggest contributors to carbon emissions. Charts showing Tonnes of CO₂ equivalent emissions of top five emitters by total emissions and per capita

The Financial Times has created a searchable dashboard of 193 countries’ historical emissions and future climate targets, providing information on the energy mix that indicates their progress on renewable energy.

The database is in its fourth iteration, after being first published at the time of COP26 in Glasgow. It uses data from Climate Watch, the International Energy Agency and the UN’s NDC data registry. Ahead of COP29 in Baku, Azerbaijan, we have once again updated the interactive.

Legally-binding country targets to reduce greenhouse gas emissions are formally called nationally determined contributions (NDCs) and are recorded on the UN global registry.

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These national commitments are required to be updated by February 2025, when more ambitious targets will be needed in an attempt to limit the global temperature rise ideally to 1.5C since pre-industrial times, or to well below 2C, as first agreed under the Paris accord in 2015.

Already the long-term global average temperature rise is at least 1.1C, according to the UN IPCC body of scientists report in 2021. This is measured over a period of decades.

Measured over the past year alone, the temperature rise is on track for a rise of 1.5C. The latest UN report warned that the world was on course for a “catastrophic” rise of more than 3C by the end of the century, and that the ability to remain with the target of 1.5C of global warming “will be gone within a few years” without rapid action.

China remains the world’s biggest annual emitter despite a surge in renewable energy development. This is because it remains heavily reliant on coal for power, with 62 per cent of their electricity production in 2022 coming from this source.

It has set a goal for CO₂ emissions to “peak before 2030 and achieve carbon neutrality before 2060”. It has pledged to track and detect leaks in methane, which holds more warmth than carbon dioxide but is shorter lived in the atmosphere, and is regarded as the quickest way to limit global warming in the near-term.

China accounts for 27 per cent of the world’s CO2e emissions, followed by the US, India, Russia and Brazil. Combined these five nations account for half of the world’s annual emissions.

The US, the biggest emitter on a per-capita basis, saw an increase in its year-on-year emission figures and has once again failed to improve its target in the past year. The Biden administration in 2021 set an economy-wide target of cutting net emissions by 50 to 52 per cent below 2005 levels by 2030.

The third biggest annual emitter, India, is struggling to make headway, after setting a goal in 2022 to reduce its emissions intensity by 45 per cent by 2030 compared with 2005 levels.

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Emissions intensity is a goal that is criticised by climate experts because it allows for a rise in absolute emissions, as it measures emissions as a proportion of output.

The choice of different baseline years by country is another of the complexities in setting targets, making direct comparisons difficult. Baseline years often coincide with historical peaks in national emissions.

The less stringent measure of carbon intensity is also used by developing countries to design targets that allow for growth. It is calculated per unit of GDP, to take into account the rise of emissions through economic expansion. China and India use carbon intensity.

Only four countries — Panama, Madagascar, Namibia and last year’s host the UAE — have submitted updated NDCs by the start of November. Azerbaijan, Brazil and the UK are expected to submit their updated climate targets at COP29.

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The UAE has said it will cut emissions by 47 per cent by 2035, but this headline target is misleading “as it excludes exported emissions and includes offsetting,” according to analysis by 350.org and Oil Change International. Exports account for 63 per cent of all of UAE’s crude oil.

The oil-rich nation is also expected to increase oil and gas production by 34 per cent by 2035. These plans are not in keeping with the 2015 Paris Agreement.

The COP29 host Azerbaijan also has plans to increase production, and its climate goals have been deemed “critically insufficient”.

Forty-four per cent of Socar’s production will be new oil and gas by 2050, the second highest of any national oil company in the world, according to a report by campaign group Global Witness based on analysis of data from independent consultancy Rystad Energy.

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Azerbaijan has said it is “actively working on its updated NDC in line with the 1.5C goal” of the Paris agreement and it will incorporate “ambitious targets”

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Where climate change meets business, markets and politics. Explore the FT’s coverage here.

Are you curious about the FT’s environmental sustainability commitments? Find out more about our science-based targets here

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Amano Hotel in Covent Garden secures £51m Virgin Money refinancing

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Arc & Co secures £25m from Coutts for Ability Hotels

Launched in 2022, the hotel is the group’s flagship property.

The post Amano Hotel in Covent Garden secures £51m Virgin Money refinancing appeared first on Property Week.

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FTX sues Binance and former chief Zhao for $1.8bn

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Changpeng Zhao, CEO of Binance, is shown in front of a red background featuring the Binance and FTX logos.

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Collapsed crypto exchange FTX is suing Binance and its former chief executive Changpeng Zhao for $1.8bn, over an allegedly “fraudulent” share deal.

The dispute relates to a July 2021 deal in which Binance, Zhao and other executives sold their roughly 20 per cent stake in FTX back to the company in exchange for crypto tokens valued at $1.76bn.

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The transaction, part of a repurchase deal agreed with founder Sam Bankman-Fried, should not have taken place, according to the lawsuit, which seeks to claw back the tokens for the FTX bankruptcy estate.

In a lawsuit filed in Delaware on Sunday, the administrators of the FTX estate said that the exchange and its sister trading house Alameda Research “may have been insolvent from inception and certainly were balance-sheet insolvent by early 2021”, and so the deal should not have been allowed to proceed.

The transfer of cryptocurrency to Binance and some executives at the company “was a constructive fraudulent transaction”, the lawsuit said.

Bankman-Fried is in prison, having earlier this year been sentenced to 25 years for fraud. Zhao stepped down from Binance in April and spent four months in jail after pleading guilty to failing to establish adequate money laundering controls.

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The dispute marks the latest chapter in the tensions between two of the biggest crypto exchanges in the world, as FTX seeks to repay its debts following its dramatic collapse in 2022, which sparked a crash in the price of crypto tokens and pushed other companies into bankruptcy.

“The claims are meritless, and we will vigorously defend ourselves,” Binance said in a statement. Zhao did not immediately respond to a request for comment.

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Seccl welcomes Prerna Goel as chief operating officer

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Seccl welcomes Prerna Goel as chief operating officer

Octopus-owned investment platform Seccl has appointed Prerna Goel to the role of chief operating officer (COO).

Goel, an accomplished leader in the fintech and banking sectors, will lead Seccl’s operations, finance, CASS, legal and cross-functional delivery teams.

With nearly 20 years of experience across India, Canada and the UK, Goel has been instrumental in shaping the financial services landscape.

She has previously held a number of high-profile roles at ClearBank, Metro Bank, Capital One, CIBC and Texas Instruments.

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As a founding member and first operations lead at ClearBank, she spearheaded the development of its embedded finance product.

Goel is also passionate about advancing ESG and DE&I initiatives.

She is a founding member of Project Nemo, a pioneering UK-based initiative dedicated to accelerating disability inclusion within the fintech industry.

She also co-owns Vriksh Impact Partners, a global advisory and investment firm driving ESG change, and actively participates as an angel investor.

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Goel said: “I couldn’t be more thrilled to join Seccl. From my first conversation with the team, I knew this was where I wanted to be.

“Dave’s visionary leadership, Ruth’s dynamic drive, not to mention the backing of Octopus Group — with its commitment to meaningful, long-term impact — make this an incredible opportunity.

“Seccl is uniquely positioned to win, balancing rapid growth with the delivery of operational excellence and a desire to set new standards for innovation in the industry.

“I’m excited to help shape this future alongside such a talented team, pushing boundaries and redefining what’s possible.”

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Seccl CEO, David Ferguson, said: “Prerna has spent her career scaling businesses by optimising across operational excellence, innovation, risk management and compliance — always with a strong purpose to drive meaningful change in financial services.

“It’s this desire for something better, alongside her ability to marry operational quality with sustainable growth, that makes her the perfect fit for Seccl.

“Her extensive track record demonstrates a rare blend of strategic vision and hands-on execution, making her an invaluable addition to Seccl’s leadership team as we continue growing a scalable, long-term business with a focus on enduring innovation.”

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Japan is on the cusp of an energy storage boom

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GM091124_24X LEX EV li-ion battery pack cost-PRINT

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Japan’s drivers have been wary of making the switch to electric vehicles. Its EV market share is about a 10th of China’s, and EVs account for less than 1 per cent of all cars in use. But sluggish EV sales do not necessarily spell bad news for battery makers. The rise of solar power could give them a new source of growth.

Solar power has become the largest source of clean energy in Japan this year. Interest among households has been strong, with more than 3mn residential solar systems installed last year. Demand for a similar number of residential batteries should follow soon. Government measures, including Tokyo requiring all new homes built by large-scale homebuilders from 2025 to have solar panels, are expected to turbocharge sales starting next year.

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An even bigger boost is expected from virtual power plants, another area of government focus, that will provide further incentive to install residential batteries. Virtual power plants bring together a large number of interconnected home batteries which are linked through a cloud platform and controlled remotely. That allows operators to sell surplus energy from each of the home batteries during power demand spikes, which generates revenue for homeowners participating in the programme. Starting in fiscal 2026, the trade of this type of electricity stored in residential storage batteries will be facilitated in a dedicated market.

Tesla has a head start here. It started building virtual power plant in Japan with its Powerwall batteries in 2021. It is positioned to benefit from a push into local retail chains, by selling its home battery system through Yamada Denki, Japan’s largest electronics store chain, in a partnership with the chain’s operator Yamada Holdings. Yamada has about 1,000 stores nationwide that already sell residential solar systems. Tesla’s battery will be priced at $13,700, which includes installation costs, making it competitive with local rivals such as Panasonic. 

GM091124_24X LEX EV li-ion battery pack cost-PRINT

During normal times, household power outages in Japan are extremely rare. But it is not unusual for earthquakes and other disasters to cause widespread outages. The Powerwall home battery, for example, stores 13.5 kilowatt-hours of electricity, which is nearly equivalent to the daily power consumption of an average household. Local companies Toshiba, Itochu and Hitachi are among those betting on energy storage systems for growth.

There is much potential in this relatively overlooked sector: the global battery energy storage market will reach as much as $150bn by 2030, estimates McKinsey. Falling prices of battery cells should help wider adoption of home batteries. As EV sales growth slows this year, energy storage will become increasingly important to the top lines of EV and battery makers.

june.yoon@ft.com

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