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World

IEA sees slower move to clean fuels, higher fossil fuel use until 2050

LONDON, U.K.: Global demand for oil and gas could keep rising until 2050, the International Energy Agency said on November 12. This marks a shift from its earlier view that the world would soon move quickly to cleaner energy sources — and suggests that global climate goals may not be met. The IEA, which advises Western governments on energy security, has faced U.S. pressure in recent years to shift its focus from clean energy to supporting oil and gas production. President Donald Trump has urged American companies to expand drilling. Under former President Joe Biden, the IEA had predicted that oil demand would peak before 2030 and said that no new investment in oil and gas would be needed if the world wanted to meet its climate targets. However, Trump's Energy Secretary, Chris Wright, dismissed those earlier projections as "nonsensical." The IEA is funded by its member countries, with the U.S. as the most significant contributor. Its reports influence energy policies worldwide. In its 2025 World Energy Outlook, the IEA said that under current policies — meaning only existing government actions are counted — oil demand could reach 113 million barrels per day by 2050, about 13 percent higher than in 2024. Global energy demand could rise by 15 percent by 2035, equal to about 90 exajoules more energy use. The IEA last used this "current policies" model in 2019. Since 2020, it has focused on cleaner energy pathways to achieve net-zero emissions by 2050. The agency said it wanted to include new climate targets from countries for 2031–2035, but too few had submitted plans. In another model — the stated policies scenario, which includes planned but not yet enforced policies — oil demand is expected to peak around 2030. The IEA emphasized that these are scenarios, not firm forecasts. The report also found that investments in new liquefied natural gas (LNG) projects have jumped in 2025. About 300 billion cubic meters of new annual LNG capacity could be operating by 2030 — a 50 percent increase in global supply. Under the current policy scenario, the global LNG market could grow from 560 bcm in 2024 to 880 bcm in 2035 and 1,020 bcm in 2050, driven by power demand from data centers and artificial intelligence. Spending on data centers is expected to reach US$580 billion in 2025, surpassing the $540 billion spent annually on oil supply, the IEA said. The report also includes a net-zero scenario that outlines a path to cutting global energy emissions to zero by 2050. However, it warns that even with all current efforts, the world is likely to exceed the 1.5°C warming limit agreed at the 2015 Paris climate talks. Temperatures would only fall again under the net-zero scenario — and only if large-scale carbon removal technologies are used.

Nov 15, 2025

Sports

Oilers' Zach Hyman expected to make season debut vs. Hurricanes

(Photo credit: Perry Nelson-Imagn Images) The Edmonton Oilers could use a pick-me-up heading into Saturday night's game against the Carolina Hurricanes in Raleigh, N.C. After all, the Oilers have just two wins in their last six games (2-3-1) and are in the midst of a seven-game road trip. And according to coach Kris Knoblauch, Edmonton just might get a boost on Saturday, because Zach Hyman is expected to make his season debut. Hyman has at least 27 goals in each of his four seasons with the Oilers, including a career-high 54 in 2023-24. 'We anticipate he'll be ready to play on Saturday,' Knoblauch said following Edmonton's 5-4 loss at Columbus on Thursday. Hyman has been out since sustaining a fractured wrist on a hit by then-Dallas Stars forward Mason Marchment in Game 4 of the Western Conference finals on May 27. He was placed on long-term injury reserve to start this season. Hyman had been expected to return earlier in the month and then again for Wednesday's game at Philadelphia -- a 2-1 Oilers win in overtime -- but Edmonton is being cautious against rushing him back. Knoblauch said he was waiting for the team's medical staff to give him the go-ahead. The Oilers will face a Carolina team that has won five of its last six games, including 4-3 in overtime over the Vancouver Canucks on Friday in the front end of a back-to-back. Sebastian Aho scored at 4:29 of OT and Andrei Svechnikov tallied twice in a 54-second span for the Hurricanes, who also received a three-assist performance from defenseman Shayne Gostisbehere. Carolina finished with a lopsided 38-17 edge in shots on goal and controlled the majority of the game but couldn't put the Canucks away until Aho scored his 17th career overtime goal.'Obviously, (overtime is) something I enjoy,' Aho said. 'The crowd is into it, and you have some more time to make some plays. We've had some success in (overtime), and we'll try and keep it going.' The Hurricanes needed a Taylor Hall goal at 6:26 of the third period to forge a 3-3 tie. 'You don't always get what you deserve in this game, but we got what we deserved with the two points,' Carolina coach Rod Brind'Amour said. The Hurricanes won despite losing leading goal scorer Seth Jarvis in the first period after he was hit in the right eye in a scrum along the boards by the stick of teammate Svechnikov. Jarvis fell to ice and was writhing in pain before being helped off holding a towel against his face. Jarvis has 10 goals, including four game-winners. The good news is that the injury apparently isn't as serious as it looked. 'He got it kind of in the eye,' Brind'Amour said Friday. 'I don't know much more. It sounded positive. I think they'll know more maybe tomorrow. I don't expect him to be out long right now.' --Field Level Media

Nov 15, 2025

Sports

PBKS likely to release Glenn Maxwell ahead of IPL 2026 auction

New Delhi [India], November 15 (ANI): The 2025 Indian Premier League (IPL) finalists, Punjab Kings (PBKS), are likely to release at least seven players ahead of the 2026 season auction in December, with the headlining name being Australian all-rounder Glenn Maxwell, as per ESPNCricinfo. The veteran endured a forgettable season on his homecoming to the franchise before an injury ruled him out of the competition. In the 2025 IPL, Maxwell's bat failed to fire, scoring just 48 runs in six innings, including four single-digit scores and a best score of 30. He also picked just four wickets at an average of 27.5. Having been associated with PBKS previously from 2014-17, he failed to reach anywhere near his early hype and numbers for PBKS, having scored 552 runs in 16 matches with four fifties on a strike rate of over 187 in his debut season for the franchise, which also saw them end up as runners-up to Kolkata Knight Riders (KKR). After his injury, fellow Aussie Mitch Owen, who played a crucial role in his side Hobart Hurricanes' maiden Big Bash League (BBL) triumph with a chart-topping 452 runs at a strike rate of 203.60 and two centuries, including one in the final, was roped in as a replacement. Owen's only appearance last season saw him score a two-ball duck. However, the batting all-rounder, who has made 163 runs in nine innings at a strike rate of 158.25, including a fifty in Aussie colours as a part of the T20I set-up, is amongst the players who will likely be retained. He was picked at his base price of Rs 3 crores last year. Maxwell has, moreover, retired from the ODI format, bringing an end to a glorious career back in June. He was brought back to PBKS for Rs 4.2 crores ahead of the 2025 season. This year in T20Is, Maxwell has scored 171 runs in nine innings at a strike rate of 169.30, with a best score of 62, his solitary fifty, which came against South Africa. The other players that PBKS could release are: Australian all-rounder Aaron Hardie, New Zealand pacer Kyle Jamieson, Indian bowler Kuldeep Sen, Praveen Dubey, and Vishnu Vinod. Jamieson was the replacement for his injured compatriot Lockie Ferguson last season and scalped five wickets in four matches. Dubey got to play just one game while the rest failed to get any game time. (ANI)

Nov 15, 2025

Sports

CSK to release Conway, Rachin ahead of IPL auction; focus on young batting talent

New Delhi [India], November 15 (ANI): Chennai Super Kings (CSK) is set to release their New Zealand stars Rachin Ravindra and Devon Conway ahead of the Indian Premier League (IPL) 2026 auction, with an eye on young batters added to the squad last season, as per ESPNCricinfo. Five-time champions CSK picked Conway for Rs 6.25 crores last year, while they acquired Rachin's services via the right-to-match card option for Rs 4 crores. However, both struggled for consistency and impact in the previous season. While Rachin scored 191 runs in eight innings with a fifty at a strike rate of 128.18 and averaged 27.28, Conway could score just 156 runs in his six innings at an average of 26.00, with a strike rate of over 131, with two fifties. CSK finished last in the 2025 season, with just four wins under their belt. Since joining CSK in 2022, Conway has played a crucial part in the franchise's success, with 1,080 runs in 28 innings at an average of 43.20, with a strike rate of almost 140 and 11 fifties. The standout season for him was the 2023 edition, in which he made 672 runs with six fifties in 15 innings, playing a crucial hand in their fifth title win. Having joined CSK in 2024, Rachin has scored 413 runs in 18 innings at a strike rate of 143.60, with just two fifties, delivering mixed outings and failing to convert his starts into something big on numerous occasions. The Men in Yellow have chosen to invest in their young batters, the uncapped Indians Ayush Mhatre (240 runs in seven innings at a strike rate of 188.97, with best score of 94, his solitary fifty), Urvil Patel (68 runs in three innings with a strike rate of over 212) and South African star Dewald Brewis (225 runs in six innings with a strike rate of 180.00 with two fifties), who injected a new lease of youth and life into the franchise with their six-hitting last season. Notably, these aforementioned talents were signed as replacement players. Mhatre replaced the injured skipper Ruturaj Gaikwad, Patel replaced wicketkeeper-batter Vansh Bedi, while Brevis replaced pacer Gurjanpreet Singh. Additionally, the trade of all-rounder Sam Curran and superstar Ravindra Jadeja to the Rajasthan Royals, in exchange for their skipper Sanju Samson, who could potentially fill the shoes of MS Dhoni as a captain/wicketkeeper in later seasons, is awaiting final confirmation. (ANI)

Nov 15, 2025

Politics

Merchants may reject elite credit cards under new settlement

NEW YORK CITY, New York: If you rely on premium rewards credit cards like the Chase Sapphire Reserve or Citi Strata Elite, your next swipe might not go through, and not because of a bank issue. A proposed legal settlement between Visa, Mastercard, and a group of merchants could soon allow retailers to reject certain high-fee credit cards at checkout. The change stems from a class-action lawsuit that's been dragging on for nearly 20 years. At the heart of the dispute are the fees merchants pay to accept Visa and Mastercard payments, known as interchange fees. These costs are typically higher for premium, rewards-heavy cards. The new settlement includes a potentially game-changing revision to the "honor all cards" rule, a long-standing requirement that says merchants who accept Visa or Mastercard must accept all cards issued on those networks, regardless of type or tier. This rule has been a pain point for many businesses, particularly as more consumers flock to luxury cards with hefty perks, which cost merchants more to process. For example, Visa Infinite cards (like the Sapphire Reserve) can cost 0.15 percent more per transaction than a standard Visa Signature. If approved, the settlement would give merchants the right to decline higher-tier cards or to pass the added fees on to customers as surcharges. That means consumers could face awkward refusals at checkout or end up paying extra just for using a rewards card. The change puts merchants in a tricky position: reject premium cards and risk frustrating affluent customers, or absorb the higher fees and reduce profit margins. The settlement also includes a temporary 10-basis-point reduction in swipe fees for five years, and a cap of 1.25 percent on standard credit card processing rates for eight years. But not everyone is satisfied. "Once again, this proposal is all window dressing and no substance," said Stephanie Martz, chief administrative officer and general counsel for the National Retail Federation. "The reduction in swipe fees doesn't begin to go far enough, and the change in the honor-all-cards rule would accomplish nothing. If the courts can't fix this, it's time for Congress to take action." Visa and Mastercard, eager to move on after two decades of litigation, say the settlement is a reasonable compromise. "We believe that this is the best resolution for all parties, delivering the clarity, flexibility, and consumer protections that were sought in this effort," a Mastercard spokesperson said. The proposal doesn't apply to American Express cards, which operate under a closed-loop system, or to debit card transactions.

Nov 15, 2025

Technology

J-K: Jal Jeevan Mission brings tap water to every household in Phalni panchayat

Rajouri (Jammu and Kashmir) [India], November 15 (ANI): The Jal Jeevan Mission (JJM) has successfully reached every household in Phalni panchayat, Budhal block, Rajouri district, bringing a significant relief to residents who previously faced acute water scarcity. The Jal Jeevan Mission has been successfully implemented at Phalni panchayat, located at the foothills of the Pir Panjal range, which previously faced acute water scarcity, forcing people to travel long distances to fetch water. The government's Jal Jeevan Mission has had a significant impact on the community. Now, every household has a tap water facility, providing clean drinking water. Aqsar Ali, an employee at the Jal Jeevan Mission, stated that all residences in the Phalni panchayat now have access to clean tap water. 'We have 6-7 administrative officers from Jal Jeevan Mission... Water is flowing in all seven wards... There is no problem of any kind in any ward... Water is flowing in the taps of every house in Phalni panchayat...' he said. The quality of life has remarkably improved, especially for the women, who no longer have to travel for miles to fetch water. The residents expressed happiness while acknowledging the positive change and extended gratitude towards the government for the facility. Mohd Rasheed, a local, shared, 'Earlier we had a lot of problems with water... Earlier, we used to fetch water in buckets from a distance... Now water is coming everywhere... We are very happy.' Another local, Farheena Kousar, said, 'The scheme has significantly benefitted us...We used to struggle to get water before, now every household has clean running water... We don't face any problems now... Water is available 24 hours now.' The Jal Jeevan Mission's success in Phalni panchayat is a testament to effective implementation, bringing comfort and relief to the community. Under this scheme, every household has been provided with clean tap water. The residents recall that life was way more difficult earlier, but now the people of the Pir Panjal region are living more comfortably. (ANI)

Nov 15, 2025

Technology

Swedish submarine rescue ship HMS Belos arrives in Turku

HMS Belos, a Swedish submarine rescue ship, arrived in Turku Port on Friday on a three-day routine visit, said Finnish Defence Forces in a press release. During the visit, Finnish and Swedish divers will train together, practising diving activities with HMS Belos in the Gulf of Finland. The Swedish divers have introduced the HMS Belos diving system to their Finnish colleagues earlier and the divers have the ability to act for example in submarine accidents. “This cooperation enhances our readiness to respond to underwater sabotage, for example,” Chief of Staff of the Coastal Fleet, Commander Toni Joutsia said. There was diver cooperation also when investigating the cable damages in the Gulf of Finland. The anchor of Eagle S oil tanker was recovered by the HMS Belos in January 2025. The vessel will not be open to the people. The visit will be hosted by the Coastal Fleet.

Nov 15, 2025

Health

Severe nausea during pregnancy linked to depression: study

A recent study conducted at the University of Turku in Finland showed that hyperemesis gravidarum, a severe form of nausea that occurs during pregnancy, is linked to depression, said the university in a press release on Friday. Women who experienced severe nausea were more likely to have depression both before and after pregnancy and to receive an earlier diagnosis of depression after pregnancy. Hyperemesis gravidarum is associated with severe nausea and vomiting during pregnancy that prevent a person from eating and drinking normally and make everyday life extremely difficult. It occurs in 0.3 to 3.6 percent of all pregnancies and is the most common cause of hospitalisation in the first trimester of pregnancy. In addition to the physical effects, severe nausea in pregnancy carries a considerable psychosocial burden. However, information on its association with psychiatric illness has been limited so far. Researchers at the University of Turku conducted a Finnish nationwide register-based study that found an association between severe nausea during pregnancy and depression. This is the first time this association has been identified, and it was also found to be bidirectional, meaning that severe nausea during pregnancy is associated with depression both before and after the pregnancy. The study analysed register data from over 437,000 Finnish women from 2004 to 2017. The results show that 8.8 percent of women with severe nausea during pregnancy had depression before pregnancy, compared to 1.0 percent in the control group. This means that these women were more than five times as likely to experience depression before pregnancy. In addition, they were also about 3.5 times more likely to develop new, previously undiagnosed depression after childbirth: 4.9 percent were diagnosed with a new-onset depression after childbirth, compared to 1.0 percent in the control group. After giving birth, depression was also diagnosed earlier in women who had suffered from severe nausea during pregnancy compared to others. On an average, depression was diagnosed 3.3 years after delivery in women with severe nausea during pregnancy, compared with an average of 4.5 years after delivery in their controls. The study suggested that severe nausea during pregnancy and depression may have shared biological mechanisms. The findings highlighted the importance of systematic psychiatric screening during and after pregnancy, and the need for a multidisciplinary approach to care. “Our research shows that severe nausea in pregnancy is not only a physically stressful condition, but also a significant mental health risk factor. The results emphasise the need for improved collaboration between psychiatry, gynaecology, and primary care. Our aim is also to raise awareness and improve access to support for these patients,” said Doctoral Researcher Eeva Terävä-Utti of the University of Turku. The study was part of a larger LopuJo study led by Professor, Specialist in Obstetrics and Gynecology Päivi Polo. The research article was published in the journal The Lancet Psychiatry in November 2025.

Nov 15, 2025

Sports

Felix Auger-Aliassime joins Jannik Sinner in Nitto ATP Finals semis

(Photo credit: Mike Frey-Imagn Images) After Jannik Sinner finished a clean sweep of the Bjorn Borg Group, Felix Auger-Aliassime punched his ticket to the semifinals of the Nitto ATP Finals with a win over Alexander Zverev on Friday in Turin, Italy. Auger-Aliassime, the eighth seed in the eight-man season finale, earned his second win of the week by taking down the third-seeded German 6-4, 7-6 (4). Both players were 1-1 in group play entering Friday. Now the 25-year-old Canadian is moving on to face top seed Carlos Alcaraz of Spain in the semifinals. 'This is a high-value tournament for players,' said Auger-Aliassime, whose Friday opponent won the ATP Finals in 2018 and 2021. 'It's like a grand finale and when you have a look at the list of champions, there have been many No. 1s. You want to be in the final but I'll have to go through a great player to do that. I will take my chance if I have it.' Auger-Aliassime has made the most of his debut in the event. The only other players to win two matches in the round-robin group stage were Alcaraz and Sinner, each of whom went 3-0. Auger-Aliassime fell to Sinner early in the tournament before rallying to beat Ben Shelton in three sets. On Friday, he hit 11 aces without a double fault against Zverev and saved all four break points he faced. Zverev staved off 6 of 7 break points, but Auger-Aliassime came back from down 4-3 in the second-set tiebreaker to ensure the match wouldn't need a third set. 'It was a great first set. He was getting a few chances but I came up with big serves to save them,' Auger-Aliassime said. 'The first set was very solid and the start of the second set was, too. I had a lot of chances. 'When that happens you need to focus on the present but you're aware of missed opportunities, so the match got a little tense from that moment. But I was able to hold serve and in the tiebreak it was tight till the end.' Sinner completed his sweep of the group by beating Shelton 6-3, 7-6 (3). Shelton was the only player in either group to go 0-3 in Turin. Sinner, who will face Australia's Alex de Minaur in the semis, hit 11 aces without a double fault Friday and had 27 winners and 38 of 47 first-service points won (80.9%). Sinner is the defending champ and is on a collision course with Alcaraz in the final. 'When you come here and win all three round-robin matches, you have to play at a very high level, which I've done,' Sinner said. 'Serving very well in important moments has brought me to this point. It was a very special day playing in front of the home crowd, and against Ben it's always a tough challenge.' --Field Level Media

Nov 15, 2025

Sports

Road-warrior Kings, home-success Senators set for Ottawa clash

(Photo credit: Dan Hamilton-Imagn Images) The Los Angeles Kings will be laying their three-game win streak on the line when they face a difficult road test against the Ottawa Senators on Saturday night. Los Angeles has taken all three decisions during its ongoing six-game road trip, most recently defeating the Toronto Maple Leafs 4-3 in overtime on Thursday. Quinton Byfield buried the overtime winner within the extra frame's opening shift, his second consecutive game-winning goal. Prior to his short scoring streak, Byfield was held goalless in 12 straight contests, while collecting eight assists across that stretch. 'Now we can stop asking the question why he's not scoring.' Kings coach Jim Hiller said about his young star after Thursday's contest. 'You know what, he got the first one in around the net and this one, he's out 30 feet and gets the one-timer. Usually, that's how it goes. You've got to get the ugly one first and then the game opens up for you. In Toronto, I know it's probably special for him, an OT winner in Toronto.' The Kings came back from an early 2-0 deficit thanks to goals from Warren Foegele and Kevin Fiala before Alex Laferriere knotted up the contest in the third period to force overtime. 'Games like that are tough.' Laferriere said when speaking after Thursday's victory. 'When you're behind in the game but you feel like you've been controlling the whole game, it's tough, but I think that shows the resilience from our group to be able to stick with it and not give up on each other and find it there in the end.' The Kings have been world beaters on the road so far this season, tied for the NHL lead with eight victories away from home (8-1-2), while winning each of their previous five road contests. They have a tough task ahead though, as the Senators could snap yet another streak Saturday after putting an end to the Boston Bruins' seven-game win streak on Thursday. Ottawa blew a 3-1 lead against the Bruins before Tim Stutzle netted a pair of third-period goals, including an empty-netter to clinch the 5-3 victory. 'That was a nice win for sure.' Senators coach Travis Green said. 'You know what? Probably one of the harder wins we've had all year. I liked the way our team responded tonight.' Stutzle spearheaded the Senators' winning effort with two goals and an assist, while Dylan Cozens and Claude Giroux each tallied a goal and an assist as Ottawa extended its own point streak to seven games (4-0-3). Shane Pinto also scored for the Senators in his first contest after putting pen to paper on a new four-year, $30 million contract earlier that day. The Senators have been excellent at home this season with a 6-2-2 record and will be closing out their four-game home stand on Saturday before heading out west to commence a seven-game road trip. Los Angeles have gotten the better of the Senators of late, winning seven of the past nine meetings. --Field Level Media

Nov 15, 2025

Sports

Slumping Maple Leafs hope to snap skid against youth-led Blackhawks

(Photo credit: Brian Bradshaw Sevald-Imagn Images) While the slumping Toronto Maple Leafs sense a level of urgency amid a four-game losing streak, coach Craig Berube insists the club is not going to panic. Toronto is without captain Auston Matthews (lower body) entering Saturday's visit to the Chicago Blackhawks, and goaltender Anthony Stolarz is day-to-day, but the Maple Leafs feel confident they can regroup. Two defeats during the skid have been by one goal, including Thursday's 4-3 overtime loss to Los Angeles. 'There's lots of hockey left, but that doesn't mean you don't take any game for granted,' Toronto forward John Tavares said. 'They all mean the same. The more games that go by, there is less runway. We're not even at the quarter mark yet. 'It has been a grind for us. We have to get the other parts of our game going here.' Might Berube suggest starting with quickness and assuredness coming out of the Leafs' defensive zone? 'Advancing that puck up the ice with speed, jumping, getting the holes,' he said. 'It's confidence for me, a little bit, and puck play. 'The plays are there. We're not making them and just not seeing it well enough right now. We have to pick up our pace. We have to be more confident in those plays.' Chicago has been idle since Wednesday, when an attempt to stretch its winning streak to a season-best four games fizzled. Coming off three straight victories to close a six-game trip, the Blackhawks couldn't hold off the New Jersey Devils, falling 4-3 in overtime. Landon Slaggert and Sam Lafferty each recorded go-ahead goals in the third period, the first tallies of the season for both, as Chicago navigated injuries to Jason Dickinson (upper body) and Frank Nazar (mid body) and fellow forward Andre Burakovsky's illness. 'I don't really love moral victories, but it's hard not to say that we've grown,' Blackhawks captain Nick Foligno said. 'This is a game that, in years previous that I've been here, we would've lost by three or four because it would've just crumbled on us.' Wednesday marked the beginning of a four-game homestand for the Blackhawks and a stretch in which they'll play eight of their next nine games at the United Center. Standout efforts from the team's budding stars have helped Chicago play above .500 over the first five weeks of the season. Goaltender Spencer Knight, 24, made 33 saves against New Jersey to keep the team afloat. Connor Bedard, 20, has scored in four consecutive games and has eight goals and 11 assists over a nine-game point streak. 'We have young guys that are taking steps and maturing and realizing how hard it is to win in this league,' Blackhawks forward Ryan Donato said. 'They want to do it now; they don't want to wait.' Toronto's William Nylander, who played in his 700th career game Thursday, has collected 21 points during a 12-game point streak. Teammate Bobby McMann has scored in consecutive games and notched a point in three straight. The Maple Leafs swept the two-game season series from the Blackhawks a year ago, outscoring Chicago 9-3. --Field Level Media

Nov 15, 2025

Sports

Bruins, Habs both looking to bounce back in showdown of rivals

(Photo credit: Marc DesRosiers-Imagn Images) The recipe for a good rivalry typically does not need another dash of spice. With both teams coming off hard losses and sitting tied atop the Atlantic Division standings, it could mean a little something extra when the Montreal Canadiens host the Boston Bruins in the storied rivals' first meeting of the season Saturday night. 'I never really look (at the standings). We had a tough one (Thursday), so we want to get back on track and have a really good game,' Bruins coach Marco Sturm said. 'That's the biggest thing for me. The standings, maybe the end of the season, but that's about it.' Boston had a seven-game win streak snapped with a 5-3 loss against the Ottawa Senators in the first half of its two-game Canadian road trip. Montreal, meanwhile, was handed its second straight setback in a 7-0 rout against the Dallas Stars on home ice. The Bruins had chances in Canada's capital city, clawing back from a 3-1 deficit to tie the game in the third period before allowing two goals in the final 5:43. Thanks in large part to what Sturm described as 'fixable mistakes,' the result was Boston's first loss since Oct. 27, also in Ottawa. 'We kind of shot ourselves in the foot, it felt like,' Bruins forward Morgan Geekie said. 'It's just happened a couple too many times this year to be OK with it. ... We didn't start very well, but I think all game, we got better and better. It's always tough to see those ones slip away.' Geekie has seven points in his last five games and a team-leading 12 goals this season. David Pastrnak has scored in three straight, with his latest goal tying him for fifth on the franchise's career list (402). Both had a goal and an assist on Thursday. Based on Friday's practice, it appears that Boston will swap in Quebec native Jonathan Aspirot on defense, with Henri Jokiharju skating as the extra. The 26-year-old Aspirot has played in his first six career NHL games this season. For Montreal, it has been a tough two-game stretch. On top of scoring just once across consecutive losses since the end of a six-game point streak (4-0-2), goaltenders Sam Montembeault and Jakub Dobes have had a tough week. Montembeault has been struggling (.857 save percentage), so after a 5-1 Tuesday loss to the Los Angeles Kings, Dobes drew the Thursday start and was pulled after allowing five goals on 13 shots in two periods. The Canadiens were shut out for the first time this season despite a 24-19 shot advantage. 'I still think we're a confident group. We're just hitting a little roadblock right now,' Habs coach Martin St. Louis said. 'It happens to every team. And we're going to keep pushing.' To make matters worse, forward Alex Newhook left with a lower-body injury after crashing into the end boards in the second period and underwent surgery Friday to repair a fractured ankle. Newhook, who is tied for second in the Montreal lineup with six goals, trailing only Cole Caufield (12), is expected to miss four months. The Canadiens also announced Friday that defenseman Kaiden Guhle, who has been out the past 12 games, will be out another 8-10 weeks after undergoing surgery Thursday to repair a partially torn adductor muscle. While good goaltending can help turn the tide, Montreal will need more from everyone, especially with a key player like Newhook out for such an extended period. 'It's just like any other two players on our team. They're trying their very best to give everything they can to the success of the team, just like I am,' defenseman and alternate captain Mike Matheson said. 'It's always the fault of the whole team. It's not just one or two players.' --Field Level Media

Nov 15, 2025

Technology

China’s AI Bets Pivot to Power, Metals as Tech Bubble Fears Grow

Your browser is: Explorer 11.0. This browser is out of date so some features on this site might break. Try a different browser or update this browser. Learn more.✕ The AI Race:Bubble FearsAGI ExplainedUS Versus ChinaCircular DealsRegulators StruggleChina’s AI Desert EmpireTechnologyContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowBy Bloomberg NewsNovember 15, 2025 at 1:00 AM GMT+1Chinese investors hunting for the next artificial intelligence winners are looking beyond high-flying chipmakers to the utilities and metal producers that form the industry’s physical backbone.The shift toward the sector’s supply chain — from power generators to materials used in data centers — reflects growing concern over lofty valuations in pure-play AI stocks. Analysts say firms supporting the tech ecosystem offer a more affordable entry point into this year’s hottest theme.Before it's here, it's on the Bloomberg TerminalBloomberg Terminal LEARN MOREHomeBTV+Market DataOpinionAudioOriginalsMagazineEventsNewsMarketsEconomicsTechnologyPoliticsGreenCryptoAIWork & LifeWealthPursuitsBusinessweekCityLabSportsEqualityManagement & WorkMarket DataStocksCommoditiesRates & BondsCurrenciesFuturesSectorsEconomic CalendarExploreNewslettersExplainersPointed News QuizAlphadots GameThe Big TakeGraphicsSubmit a TipAbout UsTerms of ServiceTrademarksPrivacy PolicyCareersAdvertiseAd ChoicesHelp©2025 Bloomberg L.P. All Rights Reserved.

Nov 15, 2025

Politics

Will we the people tolerate a brave new world of trillionaires?

Welcome to the ‘4 comma club,’ where South African native Elon Musk is slated to be the first human being of the modern age to have accumulated $1 trillion dollars. To put that mindboggling number into some perspective, that is more than the Gross Domestic Product of 170 countries, including Belgium, Finland, Sweden, Switzerland, Denmark, Norway, Hong Kong and New Zealand. Musk will not be alone for long in this ultra-privileged, ultra-exclusive club. Since billionaire wealth has risen three times faster in 2024 than in 2023, within the next decade, five people will hold the title of trillionaire, according to a recent study from the anti-poverty watchdog Oxfam. Meanwhile, due to an assortment of external factors, like climate change and conflict, the number of people living in abject poverty has hardly changed since 1990. Almost 700 million people, 8.5 percent of the global population, now live on less than $2.15 per day. The report goes on to show that the election of Donald Trump as US President in November 2024 has translated into a massive increase in billionaire wealth, while his aggressive pro-rich policies are predicted to exasperate inequality further. In its latest report on poverty, the World Bank calculates that if present growth rates continue and inequality does not reverse, it will take more than a century to defeat poverty. It seems safe to say we have already lost that battle. Before continuing, it’s important to mention the primary source of wealth today. Currently, there exists a strong belief – supported in the media and by Hollywood - that wealth accumulation is simply the reward for raw talent. But this perception is incorrect. “Most billionaire wealth is taken, not earned, 60% comes from either inheritance, cronyism and corruption or monopoly power,” Oxfam writes in a shocking finding. Rich families are passing down trillions of dollars in wealth per year, creating “a new aristocratic oligarchy” that has achieved tremendous power in our politics and our economy, the advocacy group warns. In the next few decades, wealth worth over an estimated $5 trillion is anticipated to be passed from one generation to another, while little of the fortune will be taxed since the rich have numerous means for protecting their wealth from the taxman. Today, the wealthiest 10 percent of the people worldwide possess more than 85 percent of global riches. Perhaps it’s no coincidence that just days before Tesla shareholders agreed to a $1 trillion dollar payday for their CEO, New York City residents voted a socialist as their mayor. Zohran Mamdani, a member of the Democratic Socialists of America, grabbed the top position in the Big Apple by promising New Yorkers a raft of enticements, including the freezing of rent payments, making buses free, and making child care accessible to all city residents. A common chant heard at political rallies for Mr. Mamdani was “Tax the Rich!” Indeed, taxing the rich doesn’t sound like a very radical idea when considering Musk’s brand-new pay package. Meanwhile, even the Vatican was sounding the alarm on excessive wealth creation. In September, Pope Leo XIV said the one major factor contributing to global tensions was the “continuously wider gap between the income levels of the working class and the money that the wealthiest receive.” “CEOs that 60 years ago might have been making four to six times more than what the workers are receiving … 600 times more [now],” the pontiff said in excerpts of an interview conducted by the Catholic newspaper Crux. “Yesterday [there was] the news that Elon Musk is going to be the first trillionaire in the world. What does that mean and what’s that about? If that is the only thing that has value any more, then we’re in big trouble…” The elephant in the room amid this obscene wealth creation is the patience of the millions of people who are being crushed in this brave new economy, which requires a lot of special technical skills in order to survive. Meanwhile, millions of high-paying jobs are disappearing thanks to AI. Will the underprivileged eventually take to the streets as billionaires become trillionaires overnight? Will we soon witness another left-wing ‘Occupy Wall Street’ event (September 17 to November 15, 2011) coming on the heels of another Great Recession or, heaven forbid, Great Depression? While protests along the road to riches seem inevitable, it seems unlikely that the super wealthy have much cause for concern, at least in the nearest frame of time. A quick glance at history shows that the ‘have nots’ have shown tremendous patience with the excessively rich – particularly in 1916 with the announcement that John D. Rockefeller had become the world’s first billionaire - with the great exceptions stemming from violent union uprisings, which have largely become a relic of the distant past. All things considered, Elon Musk probably has little to worry about as his paycheck surpasses the trillionaire-dollar mark, but it would be at least refreshing to see more advances being made on the tax and charitable front. A hefty new tax code for the world’s trillionaires would be the decent and right thing to do.

Nov 14, 2025

Sports

Santa for Seniors set to bring holiday cheer

“The following years, we collected over 5,275 gifts, and over 14,860 greeting cards. With 2,000 seniors living in retirement and nursing homes, and hundreds more living on their own, we’d like each senior to get a greeting card and gift again this year.” Examples of needed items include toiletries, cookies, tea, puzzles, hats, gloves, stationery, and other small gifts. People who don’t have an empty box can pick one up at the TekSavvy security kiosk at 800 Richmond St. in Chatham, and the Community Living administration offices at 1100 Dufferin Ave. in Wallaceburg. “Boxes can be returned unwrapped, and our team of volunteer elves will take care of the rest,” Longbottom said. Volunteers will sanitize all gifts before boxes are wrapped. They will be distributed safely to all retirement and nursing homes, and cards will be included in all Meals on Wheels deliveries in Chatham-Kent. Boxes and cards can be returned to TekSavvy or Wallaceburg Community Living and will be accepted until Dec. 12. Deliveries will take place Dec. 18 to 23. Upcoming fundraising events include a trivia night, hosted by Red Barn Brewing Co. in Blenheim, on Nov. 25 from 6 p.m. to 9 p.m., and a Boston Pizza fundraiser on Nov. 27 from 11 a.m. to 11 p.m. at the Chatham location. For more information, or to get involved, email santaforseniors@teksavvy.ca Follow updates about Santa for Seniors by visiting facebook.com/santaforseniorsck

Nov 14, 2025

Technology

Pixelated Pasts

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Nov 14, 2025

World

COP30 struggles over fossil fuels as Indigenous groups demand protection for Amazon

NERVES OVER SUMMIT AMBITION To avoid early deadlock, organisers agreed to handle contentious issues separately, including climate finance, gaps in national climate plans and global emissions-cutting targets. Negotiators from 195 countries are working through the main agenda, which includes advancing measures to help countries adapt to worsening climate impacts. Some delegates fear the summit could deliver a weak response to the climate crisis or collapse without agreement. Andrew Wilson of the International Chamber of Commerce warned that the talks risked becoming “a washout” unless ambition increases. Brazil and several others want a strong signal advancing the COP28 commitment to “transitioning away from fossil fuels”. It is unclear if COP30 will deliver such language before talks conclude on Nov 21. Because fossil fuels are not on the formal agenda, one option is to embed progress in the summit’s “cover text”, a negotiated statement seen as the conference’s central political outcome. Norwegian climate minister Andreas Bjelland Eriksen told Reuters a clear message on fossil fuels would be welcome, even if difficult to negotiate. Momentum is building for a cover deal to show global climate unity remains intact, despite the United States stepping back from international climate leadership.

Nov 14, 2025

Politics

Orban vowing to sue EU over Russian gas ban

Budapest will challenge the European Union’s plan to phase out Russian energy imports in court, Hungarian Prime Minister Viktor Orban has promised. The EU Council endorsed a plan last month to end Russian gas imports by 2028. The measures require short-term contracts to end within six months and all remaining pipeline and LNG supplies to cease by the end of 2027. Several EU states, including Hungary and Slovakia, have criticized the move, warning it will drive up prices and undermine energy security. Budapest and Bratislava ultimately refused to back the initiative. Speaking on state radio on Friday, Orban said Budapest considered the decision unlawful because it was adopted by a qualified majority rather than unanimously, as the bloc’s rules require on sensitive matters. Hungary has repeatedly threatened to veto EU sanctions against Russia, and has used its vote to force exemptions and delays. “We do not accept this obviously unlawful solution contrary to European values, which was chosen by Brussels to shut down a national government that disagrees with it,” Orban said, as quoted by Euractiv. “We are turning to the European Court of Justice.” Orban added that his government was also considering other ways to block the plan but gave no details. He argued that the energy ban had been treated as a standard legislative measure that needs support from 55% of member states rather than unanimity. “This is no longer a sanction but a trade policy measure,” Orban said. “And sanctions require unanimity, while a majority decision is sufficient for trade policy.” Orban maintains that energy should remain outside political disputes and that EU security cannot come at the expense of economic stability. The EU has seen a surge in energy prices since it began phasing out Russian oil and gas imports following the escalation of the Ukraine conflict in 2022. The supply disruptions have pushed up industrial costs. Moscow says Western nations are hurting their own economies by choosing costlier and less reliable alternatives.

Nov 14, 2025

World

Kiev mayor urging young men to fight while his own sons avoid service – Moscow

Kiev mayor Vitaly Klitschko is calling for lowering the draft age in Ukraine, while his own two sons are avoiding service despite being in great physical shape, Russian Foreign Ministry spokeswoman Maria Zakharova has said. Last year, Ukraine lowered the conscription age from 27 to 25 and tightened enforcement as its military has continued to suffer heavy losses and lose ground to Russian forces. Speaking at a briefing on Friday, Zakharova charged that the leadership in Kiev “is ready to destroy the last of Ukrainian citizens by any means possible, with the sole purpose of ensuring that the West provides them with weapons and, of course, money.” She claimed that the ruling Ukrainian “clique” is only interested in holding on to power. The spokeswoman noted that Klitschko himself has two sons “fit for military service, incidentally, of heroic build,” who, for some reason, have not joined the ranks, citing media reports that both are residing abroad. “Ultimately, the key issue is whether they’re unwilling to serve, or whether Klitschko himself is keeping them from being drafted to serve in defense of his own regime,” she concluded. Her remark came in response to the Kiev mayor’s interview with Politico published on Wednesday, in which Klitschko acknowledged that Ukraine is facing “huge problems with soldiers – with human resources.” The Kiev mayor suggested that the draft age “could be lowered by a year or two – to 23 or 22,” arguing that “in the past, 18-year-olds served in the army.” Klitschko’s sons are 20 and 25. In August, the Ukrainian government issued a decree allowing men aged 18 to 22 to cross the border. Nearly 100,000 young men have reportedly fled the country since then. Kiev’s mobilization drive has been marred by cases of abuse by draft officers, some of which have been caught on camera and gone viral on social media. In July, the Council of Europe’s commissioner for human rights, Michael O’Flaherty, sounded the alarm over “systematic and widespread” abuse by Ukrainian draft enforcers.

Nov 14, 2025

Entertainment

João Luiz Rezende, a renowned guitarist, joins the Yale School of Music

João Luiz Rezende, a two-time Latin Grammy-nominee guitarist, educator, and composer, is bringing his passion for collaboration and mentorship to the Yale School of Music (YSM). As an associate professor adjunct of guitar, Rezende teaches classical guitar. He replaces Benjamin Verdery, who retired last spring after four decades of teaching at YSM. A native of Brazil, Rezende is a versatile musician with an extensive repertoire of classical, Brazilian, and world music. His many arrangements and compositions have been widely performed and recorded in the United States, Europe, and Brazil. His most recent work, “Saravá,” for string quartet and guitar, was premiered at the São Paulo Symphony Orchestra’s concert hall and awarded one of Brazil’s most prestigious awards for the arts: the APCA 2024 prize for best new work. He has recorded more than 20 albums, including a recent solo release, “Os Guardiães da Magia,” which features world premieres of guitar works written especially for him by Cuban composer and guitarist Leo Brouwer. In addition, his recording of the Brazilian composer Sérgio Assad’s landmark “24 studies for guitar,” also dedicated to Rezende, will be released in 2026. Working with these two important composers was a great honor, Rezende said. Rezende holds a master’s degree from Mannes College and a doctoral degree from Manhattan School of Music. He is the director of chamber music at CUNY-Hunter College, and a recipient of the 2023 CUNY Feliks Gross award in recognition of his outstanding scholarship. He sat down with Yale News to talk about how guitar lured him away from the trumpet, his travels across the U.S. in an award-winning guitar duo, and his aspirations for his time at YSM. The conversation has been condensed and edited. I read that you began playing music at a very young age. How young were you and what did you play? João Luiz Rezende: I started learning how to read and write music when I was eight. I learned how to read and write music before I learned how to play an instrument. My first instrument was a trumpet, which I played in a school band mostly because my father was and still is a huge fan of American jazz. He wanted me to play some of the tunes that we enjoyed listening to, like Miles Davis’. But for me as a kid, the trumpet was a hard instrument to play well. I had to work on scales and arpeggios, and it was a very hard thing to do. Meanwhile, my friends from school and from the neighborhood were having fun singing and playing outside with guitars! I was studying theory and solfege and trying to blow my trumpet to sound decent. My friends with guitars didn’t have any guitar instruction. They knew two or three chords, and they could entertain everyone, because with those three chords, they could play 30 songs. And that’s something about the guitar that is really great. So, I borrowed a guitar from my friend and started learning it on my own. And I happily quit the trumpet. Your mentor was Henrique Pinto, an influential and much-celebrated guitar instructor in Brazil. Would you talk about that relationship? Rezende: He was like a second father to me. I started with him when I was a teenager in São Paulo, and I studied with him for 10 years. I would have lessons with him twice a week, sometimes three times a week. It was a very intense relationship. Beautiful. And Henrique was the one who, besides teaching me how to play guitar, inspired me to become a teacher. He had so much passion for teaching and made me see the value of teaching guitar and teaching music. How beautiful that was. I should say also that he was really a master teacher. He taught generations and generations of the greatest Brazilian guitar players. What aspects of his teaching style have you adopted? Rezende: The first thing is the interest in the student as a human being. Because when you’re a teacher, you’re also a role model, hopefully. You want to know your student as a person, not just as a musician. Henrique, instead of imposing all his knowledge upon me, and prescribing some kind of repertoire just because everyone should play it, was more interested at first in knowing things like what I liked to do when I was not playing the guitar. What kind of food did I like? What time did I like to wake up? Did I like sports? What type of movies? Things like that. This would allow him to have a better assessment of what material would work best for me. The second aspect of his teaching that I adopted was his insistence on making the students have a very good tone and playing legato. Why is knowing your students’ other interests important in helping them become better musicians? Rezende: We know that to be a well-rounded musician it’s important to play a lot of things and to cover a lot of ground in terms of styles and techniques. But I think it’s important to know the person as a human being because sometimes that might alert you to certain types of music that the student will relate to right away. A style of music or a composer. I really love the pianists, and I have many recordings of Martha Argerich [the Argentine pianist]. The way she plays Prokofiev’s piano concerto is just incredible because she relates to the composer on a personal level. So as a teacher when you know the person at a deeper level, you’re able to almost tailor the right repertoire to the person’s needs. Tell me about Brasil Guitar Duo, a duo you formed with Douglas Lora. Is it still going? Rezende: It’s not. We retired, after 27 years of playing together. We started playing as a duo when we were teenagers, both studying with Henrique. In 2006 we won the Concert Artist Guild Competition, which is a major competition in the United States, and it changed our lives. Suddenly, two young guitarists from Brazil, who were doing relatively well by Brazilian standards, win this major competition and start touring the U.S. Through Concert Artist Guild, through my work as a performer and a teacher traveling in this country, I got to know the United States better than I know Brazil! We had a very productive and prolific career, concertizing and collaborating with other musicians, such as Paquito D’Rivera and Yo-Yo Ma. We toured with Paquito in the United States, and with Yo-Yo Ma in Cuba. That was one of the highlights of my career. You’ve been a prolific composer as well. What styles of music are you especially interested in, and do you plan to further that composition work at Yale? Rezende: Yes, I do. There’s so much opportunity for collaboration and access to incredible musicians, both faculty and students. That’s something that excites me and is pushing me to write more. Things that interest me — I like vocal music a lot and I’m obsessed with the madrigals of Carlo Gesualdo. When I was a student, I sang in a madrigal. I more or less know the repertoire. It’s interesting to go back to vocal music, understanding the Renaissance repertoire that we play on the guitar with its connection to vocal music. So, there’s always a connection with voice. But of course, as a composer of color who’s from Brazil and who lives in the United States, I have my own take when I’m writing music. It’s influenced by vocal music, but it’s also influenced by a variety of rhythms — African music, Afro-Brazilian music from my country, plus this whole tradition of classical guitar in South America. I try to combine all those influences. You can hear that combination of vocal counterpoint with Afro-Brazilian rhythms in a series of compositions I titled “MadrigAfros.” What are your other aspirations for your time at Yale? Rezende: I want my students to really understand the value of collaborating with others. There is still a tendency of most students wanting to become the next best soloist. I think there are other paths. You can be a great soloist, you can be a great chamber musician, you can be a great arranger. A longer-term, larger project for me is creating a hub at Yale for multifaceted performers who understand the importance of composing, teaching, and collaborating with others. That’s what I have been doing as a musician, and it speaks to me on a very personal level.

Nov 14, 2025