Tesla Cautions UK: Easing EV Regulations Could Impact Sales Negatively

Tesla has notified the UK government that loosening electric vehicle regulations could negatively impact battery car sales and hinder the achievement of carbon targets, as highlighted in recently disclosed documents.

Elon Musk’s electric vehicle manufacturer also requested “support for the used car market,” as per a government consultation submission acquired earlier this year. fast charging, a newsletter focused on electric vehicles.

In April, the Labor government raised concerns among some electric car manufacturers by relaxing rules known as the zero-emission vehicle (ZEV) mandate. Previously, this mandate aimed to increase EV sales annually, but the new loophole allowed manufacturers to sell more gasoline and diesel vehicles.


Critics argue that a new tax on electric vehicles introduced in last week’s budget may further dampen demand.

Automakers such as BMW, Jaguar Land Rover, Nissan, and Toyota, all operating factories in the UK, expressed in their submissions during the spring consultation that the mandate was discouraging investment, as they were selling electric vehicles at a loss. In contrast, environmentalists and brands focusing primarily on electric vehicles assert that the rules are serving their intended purpose, with no manufacturers expected to be penalized for 2024 sales.

Tesla emphasized that avoiding new loopholes referred to as “flexibilities” was “essential” for the success of electric vehicle sales.

According to Tesla, these changes could “diminish the availability of battery electric vehicles (BEVs), significantly impact emissions, and jeopardize the UK’s carbon budget.”

Prime Minister Rachel Reeves has committed to imposing a “pay-per-mile” charge on electric vehicles from 2028, warning manufacturers of even stricter budgets to come. This could make electric vehicles less appealing compared to more polluting petrol and diesel options. Simultaneously, she announced an extension of subsidies for new electric vehicles, which was positively received by the industry.

Tom Reilly, author of Fast Charge, remarked: “Just as the shift to EVs seemed stable, the Budget has pulled it in two different directions, effectively taking from Peter to pay Paul. If car manufacturers seek mitigation obligations again, Labor will only be held accountable when climate targets are not met.”

Tesla, Mercedes-Benz, and Ford expressed concern about their responses being made public and were only permitted to reply through appeals under the Freedom of Information Act. Several documents were extensively redacted, yet the headline still indicated Tesla’s call for “support for the used car market.” Tesla opted not to comment on whether this assistance would involve subsidies.

Conversely, U.S. manufacturer Ford and Germany’s Mercedes-Benz are advocating against stricter regulations after 2030, which would require them to further lower average carbon dioxide emissions, allowing them to continue selling polluting vehicles longer.

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Ford has strongly criticized European governments for retracting support for electric vehicle sales, stating, “Policymakers in various European regions are not adhering to the agreement.” Ford had previously backed stronger goals but has since changed its position.

U.S. automakers also highlighted the risk of being overshadowed by Chinese manufacturers, which “lack a foothold in the UK and benefit from lower costs.”

Mercedes-Benz contends that the UK should lower the value-added tax on public charging, which is equivalent to household electricity, from 20% to 5%, and suggests that a price cap on public charging fees should be considered.

Additionally, Tesla advocated for banning the sale of plug-in hybrid electric vehicles with a battery-only range of less than 160 miles starting in 2030, a rule that would exclude many of the best-selling models in this category.

Ford, Mercedes-Benz, and Tesla chose not to provide further comments.

Source: www.theguardian.com

Bank of England Cautions About Heightened Risks of AI Bubble Burst

The Bank of England has issued a warning regarding the growing risk of “sudden corrections” in global markets, raising alarms about the inflated valuations of significant AI technology firms.

Policymakers expressed that a loss of credibility by the Federal Reserve among global investors could result in a potential “sharp re-risk of US dollar assets,” especially as Donald Trump is continuously criticizing the US Central Bank and undermining its independence.

The persistent excitement and positivity surrounding AI technology have driven valuations higher in recent months, with companies like OpenAI valued at $500 million (£37.2 billion), a stark contrast to $157 billion last October. Another entity, Humanity, has nearly tripled in value from $600 billion in March to $170 billion last month.

Nevertheless, the Bank of England’s Monetary Policy Committee (FPC) warned on Wednesday that: “The risk of sudden market corrections is on the rise.”

“Many indicators suggest that stock market valuations, particularly for tech firms focused on artificial intelligence, are escalating. This makes the stock market highly vulnerable should expectations regarding AI’s impact become overly pessimistic.”

Investors admitted that they have not fully considered these potential risks, cautioning that if any materialize, “a sudden correction could happen,” leading to financial strain for families and businesses alike. The FPC emphasized: “As an open economy with a pivotal financial center, the risk of a global shock affecting the UK financial system is significant.”

Confidence in the AI boom has been shaken recently by research from the Massachusetts Institute of Technology, which revealed that 95% of organizations have gained no returns on their investments in generative AI.

This has sparked worries that stock market valuations may decline if investors become disillusioned with AI technology’s advancement or adoption. The FPC noted this could lead to a reassessment of current expected future revenues.

“The substantial bottlenecks to AI advancement, arising from issues related to power, data, or commodity supply chains, as well as conceptual breakthroughs that alter the necessary AI infrastructure for developing and utilizing powerful AI models, can negatively affect valuations, especially for companies reliant on high levels of AI infrastructure investment where expected revenues are projected.”

The committee further remarked that ongoing threats from the Trump administration towards the US Federal Reserve jeopardize financial stability.

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“In the US, there is ongoing discussion regarding the Federal Reserve’s independence. A sudden or significant shift in the perception of the Federal Reserve’s reliability could result in a rapid re-risking of US dollar assets, including the US sovereign debt market, leading to increased volatility, risk premiums, and global uncertainty.”

They noted that this concern would compound the effects of Trump’s trade war, which the FPC asserted has “not yet fully materialized.”

Source: www.theguardian.com

Piers Morgan Cautions That YouTube’s Growth Signals a “Wake-Up Call” for Traditional Media

The media landscape is experiencing a significant transformation, with numerous traditional publications fading away, while various YouTube channels assert their influence rivals that of conventional television networks.

A former newspaper editor and current presenter, engaged in fundraising efforts to expand his YouTube venture, anticipates that more prominent media figures will migrate to this increasingly impactful streaming platform as viewer preferences continue to evolve.

“It’s similar to the shift from vinyl to digital music,” he noted. “People believed it would take ages, but the change happened swiftly.”

“In the UK, specific newspapers are disappearing. Which will still have a print edition in a decade? Observing younger demographics shows that those under 45 rarely purchase print newspapers.”

Morgan holds the rights to his YouTube channel, *Piers Morgan Uncensored*, having acquired them from the Rupert Murdoch empire after his previous agreements with News UK, which totaled £50 million over three years, ended. Now over 60, he acknowledges that his transition is a “learning curve,” yet he champions YouTube for its flexibility and low cost.

He emphasized that his decision to fully embrace the streaming service was influenced by his four children. “All of them are watching YouTube,” he remarked. “I rarely watch traditional TV, aside from live sports. Until last year, I was part of the outdated, structured 8PM live news format.”

While Morgan is known for his sharp commentary, his shift to YouTube reflects a broader trend where media personalities, especially within the U.S. conservative landscape, amass millions of subscribers. Morgan aims to replicate the success of DailyWire, a conservative American media outlet co-founded by commentator Ben Shapiro, which includes Canadian psychologist Jordan Peterson.

YouTube wields significant influence in the media sphere, with various content originating from networks like ITV and Channel 4. Podcasters continue to enhance their presence, contributing considerable financial strength. In just the first quarter of 2025, YouTube’s ad revenue exceeded $8.9 billion (£6.644 billion), marking a growth of over 10% from the previous year. Meanwhile, Channel 4’s total revenue for all of 2023 hovered around £1 billion, a figure available for the most recent year.

Morgan cited last year’s U.S. election, mentioning that YouTube reported over 45 million views on election-related content on Election Day. In contrast, 42.3 million viewers tuned into 18 cable and broadcast networks that night. Although the figures aren’t directly comparable, Morgan stated:

“Prominent journalists have reached out to me, inquiring about a shift to my platform. I believe legacy media companies need to analyze why individuals like myself are venturing out into this realm,” he said. “More will be inspired to follow my lead, and I’m receiving intriguing inquiries from journalists.”

Morgan plans to emulate Gary Lineker’s Goalhanger Productions, which has produced successful podcasts in the UK. He envisions creating channels under uncensored brands that cover various genres, including true crime, history, and sports, with a direct focus on the U.S. and global audiences rather than just the UK.

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“Look at what Gary Lineker achieved; he’s a close friend and with Goalhanger in the UK, he’s the first to credit his success. [podcast for Goalhanger] In terms of revenue, it’s substantial in America, but that’s just the beginning,” he stated. “It’s not solely about football; it’s about history. They travel to America and stage large live shows, which is massively successful there.”

“I seldom cover British news. We didn’t even discuss the final election results because my scope is broader: ‘Is this of interest to viewers in the Middle East? What about in Australia?’

Morgan shared his vision of decreasing reliance on his brand, aspiring to build something sustainable and independent. Though he considers it an “early era,” he is optimistic about attracting investors, as his venture is already profitable.

“We don’t require funding,” he stated. “With nearly 4 million subscribers, my inquiry to investors isn’t, ‘Just give me your money.’ It’s ‘What value do you bring to the table?’ ”

Source: www.theguardian.com

Pope cautions against potential exacerbation of ‘crisis of truth’ by AI at Davos

Pope Francis cautioned world leaders at Davos about the potential dangers posed by artificial intelligence on the future of humanity, highlighting concerns about an escalating “crisis of truth.”

He stressed the need for governments and businesses to exercise caution and vigilance in navigating the complexities of AI.

In his written address to the World Economic Forum (WEF) in Switzerland, the Pope pointed out that AI poses a “growing crisis of truth in public life” due to its ability to generate outputs that closely resemble human output, which could lead to ethical dilemmas and questions about societal impacts.


The Pope highlighted that AI has the capacity to learn autonomously, adapt to new circumstances, and provide unforeseen answers, raising crucial ethical and safety concerns that demand human responsibility. Cardinal Peter Turkson, a Vatican official, echoed this sentiment in a statement delivered to Davos delegates.

Having personally encountered AI’s ability to manipulate truth, the Pope has become a subject of AI-generated deepfake images, such as embracing singer Madonna and donning a Balenciaga puffer jacket.


An AI-generated deepfake image of Pope Francis wearing a down jacket. Photo: Reddit

The Pope emphasized that unlike many other human inventions, AI is trained based on human creativity results, often producing artifacts with skill and speed that rival or surpass human capabilities, posing significant concerns about AI’s impact on humanity’s place in the world.

AI dominated discussions at the Davos conference this year, with tech companies showcasing their products along the ski resort’s promenade.

Expectations are high among some participants for AI’s potential. Salesforce chief Marc Benioff predicted that future CEOs will manage both human and digital workers, underscoring the transformative nature of AI in the workplace.

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Ruth Porat, Alphabet’s chief investment officer, lauded the potential of AI in improving healthcare outcomes and potentially saving lives.

She highlighted Google’s AlphaFold AI program’s success in predicting the structures of all 200 million proteins on Earth and releasing the results to scientists, a move expected to enhance drug discovery processes.

Last year, Demis Hassabis, co-founder of DeepMind, an AI startup acquired by Google, received the Nobel Prize in Chemistry for his groundbreaking work using AI.

Mr. Porat, a staunch AI advocate, shared his personal experience of battling cancer and emphasized the transformative potential of AI in democratizing healthcare through early detection and access to quality care for all individuals.

Source: www.theguardian.com

Zuckerberg cautions of a challenging year ahead, Meta to downsize workforce by thousands

Meta, the parent company of Facebook, WhatsApp, and Instagram, is planning to reduce its global workforce by around 5%, with underperforming employees being the most likely to be let go.

CEO Mark Zuckerberg outlined in a memo to employees that due to what he referred to as a challenging year ahead, he has decided to prioritize performance management by letting go of poor performers quicker than usual and accelerating the company’s performance evaluation process.

As of September, Meta had 72,000 employees globally, and the planned job cuts could impact up to 3,600 employees. The company aims to fill the vacant positions later in the year.

The announcement comes shortly after Meta’s decision to end third-party fact-checking and emphasize free speech, coinciding with President Donald Trump’s imminent return to the White House. The Diversity, Equity, and Inclusion (DEI) program is also being terminated.

Employees in the US affected by the layoffs will be notified by February 10, with notifications for employees in other countries to follow later.

In the memo, Zuckerberg stated that he is raising the standards for performance management within the company: “We usually manage underperforming talent over a year, but this time we plan to make broader performance-based cuts during this cycle.”

The 40-year-old billionaire emphasized, “This will be an intense year. I want to ensure we have the best talent on the team.”

Employees being let go will be those who have been with Meta long enough to qualify for performance reviews.

Zuckerberg assured that the company will provide generous severance packages to those losing their jobs, similar to previous layoffs.

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Meta’s stock dropped 2.3% on Tuesday, continuing a decline that began the day before.

The company faced criticism for removing its fact checker, potentially allowing misinformation and harmful content to circulate on its platform.

Similar to other tech companies, Meta is investing in artificial intelligence projects, with a focus on crucial technologies like AI, as mentioned by Zuckerberg.

Source: www.theguardian.com

Hannah Fry reveals how technology can empower us in health, but cautions that data alone is not the full picture | Unlocking Hannah Fry’s Formula for Life

Throughout history, there have been many individuals who meticulously monitored their weight, but one of the most intriguing figures is Santorio Santorio. In the 1500s, he devoted his life to tracking his body, weighing everything he consumed and everything he excreted.

For a particular scientific investigation, he created what he called a sanctorian weighing chair – a chair placed next to the dining table on a steel scale that closely monitored one’s weight.

His theory was based on the idea that individuals could maintain their weight by consuming the same amount that their bodies expelled (urine, feces, sweat, or what he referred to as “insensible sweat”). If it detected overeating, the chair would lower, making it impossible to reach the food. This would prevent further consumption until the end of the meal.

Despite being mocked at the time, Santorio’s concept had merit. The notion of a personalized, experimental, and quantitative approach to health is undeniably appealing.

Nearly two centuries later, Benjamin Franklin, inspired by Santorio, meticulously recorded his dietary intake and compiled a list of all 13 of his virtues. He marked them whenever he committed an immoral act, monitoring and quantifying his life in great detail.

In the modern era, individuals have pushed boundaries with technology to track various aspects of their lives. For instance, a Reddit user created a beautiful visualization depicting a baby’s sleep and wake times during the initial months of life.

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The advancement of wearables has made monitoring our health easier than ever. With technology, we can now effortlessly track various health metrics. AI-powered wearables connected to smartphone apps can monitor sleep patterns, blood oxygen levels, heart rate, and blood pressure.

Having access to objective numbers and data can be reassuring. It can serve as a motivator for achieving our health goals and connecting with communities that prioritize health tracking and accountability. However, it’s essential not to prioritize tracking numbers over happiness and well-being.

When it comes to fitness, remember that numbers are merely proxies for what truly matters. Each individual is unique, and responses to external stimuli vary. While trackers can provide insights into what is “normal” for a person, this data should be used to inform rather than dictate health status. Human bodies are complex and should not be reduced to mere data points.

Source: www.theguardian.com