Franco-Nevada is a great way to invest in precious metals. I believe Wheaton Precious Metals (WPM +0.30%) has an ideal business model for the precious metals industry. It holds a growing portfolio of streaming contracts tied to some of the world's best mines. They enable it to buy these metals at low rates, allowing it to cash in on higher market prices. However, as much as I like Wheaton Precious Metals, I prefer another precious metals stock even more: Franco-Nevada (FNV +0.63%). Here's why I'd buy its stock before adding Wheaton Precious Metals to my portfolio. All about the streams Wheaton Precious Metals provides mining companies with capital to develop or expand mines via streaming contracts. Under the terms of these agreements, Wheaton pays a miner a fixed up-front fee in exchange for the right to buy a portion of the gold or silver produced from the mine at a fixed rate. For example, in November, the company acquired a gold stream on the Spring Valley project in Nevada. It will pay $670 million in cash upfront in installments to the mind's developer. In exchange, it will purchase 8% of the gold at 20% of the spot price until the mine produces 300,000 ounces. Afterward, the company will purchase 6% of the gold for the life of the mine at 22% of the spot price. The company currently has streams tied to 23 operating mines and another 25 in development or other projects. It expected these streams to produce 600,000 to 670,000 gold equivalent ounces (GEOs) in 2025 (59% gold, 39% silver, 1% cobalt, and 1% palladium). Production should grow to 870,000 GEOs by 2029 and to an average of 950,000 GEOs annually from 2030 to 2034. It can purchase gold and silver at an average cost of $473 and $5.75 an ounce, respectively, through 2029. The company's streams produce significant cash flow, which Wheaton uses to invest in new ones and pay a sustainable and progressive dividend. Expand NYSE : WPM Wheaton Precious Metals Today's Change ( 0.30 %) $ 0.35 Current Price $ 117.87 ...

格隆汇1月5日｜俄罗斯国防部：在当地时间下午1点至8点之间，共击落253架乌克兰无人机，其中39架在莫斯科地区上空被击落。

From Caracas 'fort' to New York court: Maduro's capture in pictures and maps 52 minutes ago Share Save Tiffany Wertheimer and BBC Visual Journalism team Share Save @realdonaldtrump The US says its military operation to capture Venezuela's president took months of planning, but when Donald Trump gave the order to launch, "Operation Absolute Resolve" only lasted about 150 minutes. The surprise early-morning attack on Saturday marked an unprecedented event in modern politics and culminated in the arrest of Nicolás Maduro and his wife, Cilia Flores. Captured by troops from an elite US army unit as they tried to flee into a fortified safe room, the pair are now being held in a detention centre in New York and face narco-terrorism charges. As the sun rose on Saturday, the scale of the military operation in Caracas, Venezuela's capital, was clear. Pictures from Fuerte Tiuna, a huge military complex where top government officials live, show bombed out buildings and charred, smouldering cars. It was at this compound that Maduro and his wife were captured, Venezuelan ruling party leader Nahum Fernández told the Associated Press news agency. CBS CBS Fuerte Tiuna, Venezuela's largest military complex, was hit by US strikes early on Saturday morning Fuerte Tiuna, Venezuela's largest military complex, was hit by US strikes early on Saturday morning Hours earlier - Trump gives the order Operation Absolute Resolve began with reports of explosions at about 02:00 in Caracas (06:00 GMT). The US cut power to the city, Trump has since said, describing it as "dark and deadly". The aim was to disable Venezuela's air defences and clear the path for US military helicopters to get to Fuerte Tiuna. "We assessed that we had maintained totally the element of surprise", Gen Dan Caine, the nation's highest-ranking military officer, said. The BBC has verified five strike locations, including the compound, a port and an airport. Pictures show Fuerte Tiuna on fire, with huge flames visible for miles...

Investing in these tech leaders can help you profit from a generational opportunity. Like the internet was 30 years ago, artificial intelligence (AI) is the next major technological shift that will reshape the economy. That also makes it a generational opportunity for investors to accrue wealth by buying and patiently holding the right growth stocks. Research from Morgan Stanley projects that AI could deliver operating efficiencies worth as much as $40 trillion to the global economy over the long term. Investors don't need to gamble on unproven companies and excessively risky stocks for the chance to profit from this trend. Simply sticking with leading tech stocks could help you achieve market-beating returns. After all, it's the world's largest and most profitable companies that are doing much of the work involved in enabling the wider adoption of AI. To position your portfolio to profit from this opportunity, I suggest adding shares of these two tech titans that will likely still be leading their respective industries 20 years from now. Nvidia For those seeking to profit from the AI trend over the past few years, Nvidia (NVDA +1.14%) has been one of the best stocks to own, and the company's innovation and financial fortitude should keep it in the driver's seat. Its high-end graphics processing units (GPUs) are used by all the leading cloud infrastructure providers, and those data center GPUs are sold out for the foreseeable future. Nvidia's data center revenue surged by 66% year over year last quarter to $51 billion. This high-growth trajectory reflects a long-term transition from traditional computing that relies more on central processing units (CPUs) to accelerated computing that demands massive quantities of parallel processors such as GPUs. The good news for investors buying Nvidia stock today is that this transition will unfold over many years. Capital spending on AI infrastructure is expected to grow from $600 billion in 2026 to at least $3 trillion by 2030...

Key Points Nvidia's enormous financial resources should enable it to produce further innovative solutions for AI for many years. Alphabet's investments in data centers and AI chips should continue to pay off for investors. 10 stocks we like better than Alphabet › Like the internet was 30 years ago, artificial intelligence (AI) is the next major technological shift that will reshape the economy. That also makes it a generational opportunity for investors to accrue wealth by buying and patiently holding the right growth stocks. Research from Morgan Stanley projects that AI could deliver operating efficiencies worth as much as $40 trillion to the global economy over the long term. Investors don't need to gamble on unproven companies and excessively risky stocks for the chance to profit from this trend. Simply sticking with leading tech stocks could help you achieve market-beating returns. After all, it's the world's largest and most profitable companies that are doing much of the work involved in enabling the wider adoption of AI. To position your portfolio to profit from this opportunity, I suggest adding shares of these two tech titans that will likely still be leading their respective industries 20 years from now. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » Nvidia For those seeking to profit from the AI trend over the past few years, Nvidia (NASDAQ: NVDA) has been one of the best stocks to own, and the company's innovation and financial fortitude should keep it in the driver's seat. Its high-end graphics processing units (GPUs) are used by all the leading cloud infrastructure providers, and those data center GPUs are sold out for the foreseeable future. Nvidia's data center revenue surged by 66% year over year last quarter to $51 billion. This high-growth trajectory reflects a long-term transition from traditional computing that relies more o...

格隆汇1月5日｜俄罗斯联邦安全会议副主席德米特里·梅德韦杰夫表示，美国推翻委内瑞拉总统尼古拉斯·马杜罗与毒品完全无关，只与石油有关。梅德韦杰夫在社交媒体X上写道：“美国总统特朗普的团队为了推进本国的利益手段强硬且冷酷无情。推翻马杜罗与毒品完全无关，只与石油有关，并且他们也公开承认了这一点。强权统治显然比普通司法更为强大，但他们能否远程操控委内瑞拉仍是一个大问题。”

英國和法國軍方聯手空襲敘利亞中部一個疑似藏有極端組織伊斯蘭國武器和爆炸品的地下設施。 英國國防部星期日發聲明表示，英國和法國戰機早一晚聯合行動，空襲巴爾米拉古城遺址北部山區一個建築物。法國軍方指，這次行動的目的是防止伊斯蘭國重整勢力。根據初步評估，空襲成功擊中目標。敘利亞過渡政府，未有對這次行動置評。 聯合國專家指，伊斯蘭國在敘利亞和伊拉克這兩個過往的根據地仍然指揮著大約5千至7千名成員。 美軍上月19日襲擊伊斯蘭國在敘利亞中部的70多個據點，報復兩名美軍和一名美國平民在巴爾米拉附近被伏擊喪生。

Markets enter 2026's first full trading week with an extraordinary convergence of events including the Consumer Electronics Show (CES) in Las Vegas where Nvidia (NVDA) CEO Jensen Huang and AMD (AMD) CEO Lisa Su will deliver keynote speeches that could significantly influence AI infrastructure investment narratives following recent sector volatility. The week features a comprehensive economic data calendar building to Friday's December jobs report at 8:30am, which will provide the final employment snapshot of 2025 and potentially influence Federal Reserve policy expectations after the central bank's more hawkish December meeting. Monday's ISM Manufacturing data kicks off the week with insights into industrial sector health and pricing pressures, while Wednesday delivers an intensive convergence of ADP employment, ISM Non-Manufacturing data, and JOLTS job openings that together will paint a complete picture of labor market and business activity conditions. The absence of major earnings allows economic data and CES technology announcements to dominate market attention as institutional participants return from holiday breaks and establish 2026 positioning. The week will test whether markets can sustain momentum from any year-end Santa Claus Rally or if concerns about Fed policy, inflation persistence, and AI spending sustainability will pressure stocks early in the new year. Here are 5 things to watch this week in the Market. CES 2026: AI Hardware Innovation Showcase The Consumer Electronics Show in Las Vegas brings heightened focus to semiconductor leaders as Nvidia (NVDA) CEO Jensen Huang and AMD (AMD) CEO Lisa Su deliver keynote speeches that could determine AI infrastructure sector sentiment heading into 2026. Huang's presentation will be scrutinized for announcements about next-generation AI accelerators beyond the Blackwell architecture, data center roadmaps, and any commentary about customer demand sustainability following recent concerns about return on AI capit...

The Wisconsin judge convicted of obstruction for helping an immigrant evade federal officers has resigned. Hannah Dugan was convicted on 19 December and had faced calls to resign from state Republicans, who threatened to impeach her if she did not. Dugan, who served nine years as a Milwaukee county circuit court judge, received national attention when immigration authorities tried to arrest Eduardo Flores-Ruiz, who is undocumented, attending a hearing in her courtroom. The judge confronted FBI and Immigration and Customs Enforcement (ICE) agents waiting outside the room to arrest Flores-Ruiz and directed them to the chief judge’s office, according to an indictment. While the agents were gone, Dugan told Flores-Ruiz’s attorney that his client could attend his next hearing via Zoom and led them through a private jury door. Agents spotted Flores-Ruiz and arrested him after a foot chase. He was later sentenced to time served for illegally re-entering the United States and deported. “As you know, I am the subject of unprecedented federal legal proceedings, which are far from concluded but which present immense and complex challenges that threaten the independence of our judiciary,” Dugan wrote in a letter sent on Saturday to Governor Tony Evers, a Democrat. “I am pursuing this fight for myself and for our independent judiciary. However, the Wisconsin citizens that I cherish deserve to start the year with a judge on the bench in Milwaukee county branch 31 rather than have the fate of that court rest in a partisan fight in the state legislature.” The Republican Wisconsin assembly speaker Robin Vos praised Dugan’s decision, the Associated Press reported. “I’m glad Dugan did the right thing by resigning and followed the clear direction from the Wisconsin constitution,” Vos said. Democrat Ann Jacobs, chair of the Wisconsin elections commission board, said she agreed with Dugan that Milwaukee should have a permanent judge while her defense team appeals her conviction. “Despite...

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格隆汇1月5日｜据阿尔及利亚据国家媒体：阿尔及利亚解除了央行行长萨拉赫丁·塔莱布的职务，并任命副行长穆阿塔塞姆·布迪亚夫为代理行长。

格隆汇1月5日｜据AXIOS网站报道，一位以色列官员和一位知情人士透露，叙利亚和以色列高级官员将于周一在巴黎会晤，重启关于新安全协议的谈判。特朗普政府目前正在推动以色列和叙利亚达成协议，以稳定双方边境的安全局势，这可能是未来外交正常化的第一步。这一努力由特朗普总统的叙利亚特使汤姆·巴拉克领导，他将主持新一轮谈判。会谈预计将持续两天，叙利亚外交部长阿萨德·沙巴尼将与以色列新谈判小组会面。知情人士称，重启谈判是特朗普上周一在海湖庄园与以色列总理内塔尼亚胡会面时直接提出的要求。特朗普表示，谈判必须继续以尽快达成协议。以色列官员称，内塔尼亚胡同意但强调任何协议都必须确保以色列的红线不被触及。

In this article CVX Follow your favorite stocks CREATE FREE ACCOUNT U.S. Secretary of State Marco Rubio speaks as U.S. President Donald Trump stands behind him during a press conference following a U.S. strike on Venezuela where President Nicolas Maduro and his wife, Cilia Flores, were captured, from Trump's Mar-a-Lago club in Palm Beach, Florida, U.S., January 3, 2026. Jonathan Ernst | Reuters U.S. Secretary of State Marco Rubio on Sunday appeared to backtrack on President Donald Trump 's claim that the U.S. will "run" Venezuela after U.S. forces on Saturday captured Venezuelan President Nicolas Maduro and hauled him to the U.S. Asked for details on how the U.S. plans to run Venezuela, Rubio said the U.S. would use leverage gained from its oil blockade on the country and regional military buildup to achieve its policy aims. He did not say the U.S. would directly govern Venezuela. The U.S. in recent months has seized tankers associated with the country and moved military ships and warplanes into the Caribbean. "What's going to happen here is we have a quarantine on their oil, that means their economy will not be able to move forward until the conditions that are in the national interest of the United States and the interests of the Venezuelan people are met, and that's what we intend to do," Rubio said on ABC's "This Week with George Stephanopoulos." "That leverage remains, that leverage is ongoing and we expect that it's going to lead to results here," Rubio said. Trump said on Saturday said the U.S. would "run the country until such time as we can do a safe, proper and judicious transition." The comments sparked a firestorm of criticism from Trump's adversaries and some allies, who warned against a nation-building exercise in Venezuela. "We have learned through the years when America tries to do regime change and nation building in this way, the American people pay the price in both blood and dollars," Senate Democratic Leader Chuck Schumer, D-N.Y., said on ABC on...

格隆汇1月5日｜据AXIOS网站：叙利亚和以色列高级官员将于周一在美国斡旋下在巴黎会晤，重启关于新安全协议的谈判。

OPEC+ Reaffirms Output Pause As Eight Producers Cite Market Stability Authored by Tom Kool via OilPrice.com, OPEC+ confirmed on Sunday that it will keep oil production steady through the first quarter of 2026 , as eight key producers reaffirmed their commitment to market stability amid a steady global economic outlook and what they described as healthy oil market fundamentals. Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on January 4 to review global market conditions and outlook. The group reiterated its decision, first announced on November 2, 2025, to pause planned production increases in February and March 2026, citing seasonal demand patterns. Following the meeting, OPEC+ produced the following production table for February 2026: In a joint statement, the eight producers said current market conditions remain supportive, pointing to relatively low global inventories as a sign that the oil market is well balanced despite last year’s sharp decline in crude prices. Oil prices fell more than 18% in 2025, the steepest annual drop since the pandemic, as supply growth outpaced demand and concerns over a growing glut mounted. The group also emphasized that the previously announced 1.65 million barrels per day of voluntary production cuts could be returned to the market either in part or in full, depending on evolving market conditions, and only in a gradual manner. The producers stressed that flexibility remains central to their strategy, including the option to extend or reverse additional voluntary adjustments, such as the 2.2 million barrels per day of cuts announced in November 2023. OPEC+ further reiterated its collective commitment to full conformity with the Declaration of Cooperation. The producers confirmed that any overproduction since January 2024 will be fully compensated, with compliance and compensation to be monitored by the Joint Ministerial Monitoring Committee (JMMC). Despite heightened geopo...

Russia’s former president Dmitry Medvedev said he could envisage abduction operations against other world leaders similar to the US arrest of Nicolas Maduro in Venezuela, naming German Chancellor Friedrich Merz among them. “The kidnapping of the neo-Nazi Merz could be an excellent twist in this carnival of events,” Medvedev, who is now deputy chairman of Russia’s Security Council, was quoted as saying by state news agency TASS on Sunday. Such a scenario was not unrealistic, he added. Advertisement “There are even grounds for prosecuting him in Germany, so it would be no loss, especially since the citizens are suffering needlessly,” Medvedev said. Medvedev, who served as Russian president from 2008 to 2012, has in recent years emerged as one of the Kremlin’s most outspoken hardliners, frequently delivering aggressive rhetorical attacks against Ukraine and the West. Advertisement

Auschwitz survivor Eva Schloss dies aged 96 as King leads tributes 8 minutes ago Share Save Thomas Mackintosh Share Save AFP via Getty Images The King said he was "privileged and proud" to have known Eva Schloss King Charles has led tributes to Anne Frank's step-sister and Holocaust survivor Eva Schloss who has died aged 96. Mrs Schloss was the co-founder and honorary president of the Anne Frank Trust, which Queen Camilla is Patron of. In the 1940s, Mrs Schloss and her family were chased from their home in Austria. They lived as refugees in the Netherlands before they were captured and sent to the notorious Auschwitz concentration camp. In a tribute posted on social media, the King wrote: "My wife and I are greatly saddened to hear of the death of Eva Schloss." He continued: "The horrors that she endured as a young woman are impossible to comprehend and yet she devoted the rest of her life to overcoming hatred and prejudice, promoting kindness, courage, understanding and resilience through her tireless work for the Anne Frank Trust UK and for Holocaust education across the world. "We are both privileged and proud to have known her and we admired her deeply. "May her memory be a blessing to us all." AFP via Getty Images Eva Schloss took part in a candle lighting ceremony alongside Queen Camilla in January 2022 to mark Holocaust memorial day The Anne Frank Trust said Mrs Schloss died in London on 3 January. "As a girl, Eva Schloss-Geiringer lived on the Merwedeplein in Amsterdam, opposite Anne Frank's home," the trust said. "Like Anne, Eva and her family had to go into hiding from the Nazis, and after two years spent underground they were tracked down, arrested and deported. Eva survived Auschwitz." By the time Mrs Schloss and her family were liberated by the Soviet army in January 1945, Ms Schloss and her mother Elfriede Frank were barely alive. Her brother and father both died in captivity. Repatriated to Amsterdam, Elfriede - who was known as Fritzi - married Otto ...

Bernstein has just dropped a bold take on Micron Technology (MU), bumping its price target to $330 from $270, with the stock already trading near $315 (near record highs). The upgrade comes at a time when Micron stock has been on a remarkable run, delivering a staggering 262% return last ...

Tesla’s Fading Spark: Decoding the Second Consecutive Sales Drop in 2025 In the fast-evolving world of electric vehicles, Tesla Inc. has long been the undisputed leader, but recent figures paint a picture of mounting challenges. The company reported a 9% decline in vehicle sales for 2025, marking its second straight year of contraction. This downturn comes amid intensifying competition from global rivals and shifting market dynamics that are reshaping the automotive sector. Drawing from Tesla’s own quarterly reports and analyses from industry observers, this slump raises questions about the company’s strategic pivots and their broader implications. Tesla delivered 1.64 million vehicles in 2025, down from previous highs, as detailed in its Q4 2025 vehicle deliveries report on CNBC. This follows a 2024 where sales also dipped, signaling a potential shift from Tesla’s era of explosive growth. Factors contributing to this include the expiration of federal tax credits in the U.S., which had previously buoyed demand for electric cars. Without these incentives, consumers are reevaluating purchases, particularly as economic pressures like inflation persist. Moreover, Tesla’s U.S. sales hit a near four-year low in November 2025, even after introducing cheaper model variants, according to estimates shared exclusively with Reuters. This suggests that price adjustments alone aren’t enough to counter broader headwinds. Industry insiders point to Elon Musk’s polarizing public persona as a deterrent for some buyers, with his social media antics and political stances alienating segments of the market that once championed Tesla’s innovative edge. Competition Heats Up Globally The rise of Chinese automaker BYD Co. as the world’s top electric vehicle seller underscores the competitive pressures Tesla faces. In 2025, BYD surpassed Tesla in global sales, a milestone highlighted in reports from WIRED. BYD’s success stems from its affordable models and aggressive expansion into internatio...

格隆汇1月5日｜美国国务卿鲁比奥：美国不会治理委内瑞拉，但将通过石油封锁推动变革。

格隆汇1月5日｜土耳其大国民议会前议长穆斯塔法·森托普表示，美国在委内瑞拉的行动违反了《联合国宪章》和国际法原则，任何国家都不能对另一个国家扮演“法官”的角色。森托普在社交媒体X上写道：“独立和主权是国际体系的红线。美国在委内瑞拉的行动不仅仅是侵犯边界，更是公然违反《联合国宪章》和国际法原则。任何国家都不能对另一个国家的命运扮演‘法官’的角色。这种干涉会将世界拖入不可逆转的冲突中。”

Ruben Amorim has insisted he is Manchester United’s manager, not just the coach, and said that he may “move on” after the remaining 18 months of his contract at Old Trafford amid an apparent power struggle over transfer policy at the club. In an impassioned press conference after Sunday’s 1-1 draw against Leeds at Elland Road, the Portuguese also pointedly told the scouting department and sporting director “to do their job”. “I noticed that you receive selective information about everything,” he said after Matheus Cunha’s goal cancelled out Brenden Aaronson’s opener for Leeds. “I came here to be the manager of Manchester United – not to be the coach of Manchester United. That is clear. I know my name is not [Thomas] Tuchel, [José] Mourinho or [Antonio] Conte but I’m the manager. “It’s going to be like this for 18 months or until the board decide to change. I’m not going to quit, I will do my job until another guy is coming here to replace me.” Amorim then raised doubts over his long-term future at United. When asked about transfer policy, he said: “Every department, the scouting department, the sporting director, needs to do their job. I will do mine for 18 months and then we move on.” He added: “If people cannot handle the Gary Nevilles and the criticisms of everything, we need to change the club”, before abruptly ending the press conference. The 40-year-old’s official job title is, in fact, head coach. But he clearly believes he should have a greater say in transfer policy as his relationship with Jason Wilcox, the director of football, becomes increasingly strained. It has also been reported that United’s head of recruitment, Christopher Vivell, has questioned his tactical approach. Amorim’s outburst comes after he dropped strong hints in the run-up to the Leeds game that there were rumblings behind the scenes over transfer strategy and his style of play. United are currently dealing with an injury crisis and the absence of key players to the Africa Cup of Nation...

Source: Bloomberg, 0:00

Good as it is to know that the Home Office does not intend to take any action to remove Alaa Abd el-Fattah’s citizenship over “abhorrent” past social media posts, the fact that, in limited circumstances, it is an option ought to cause us real concern (Alaa Abd el-Fattah ‘will not be stripped of British citizenship’ over past tweets, 30 December). The recent Institute for Public Policy Research report that 36% of people now think you must be born British to be truly British (Report, 29 December) cannot be separated from the conduct of debates like those around Abd el-Fattah. If, for those who are not white and born in the UK, citizenship is a gift of the state that can be withdrawn, then it’s not citizenship at all but a form of limited leave like any other. Thus Shamima Begum is left to rot in a refugee camp, despite never having been tried for any crime, while the fascist nail bomber David Copeland is serving a sentence in a UK jail. If the Overton window is shifting on this issue, it’s being pushed by the fact that Keir Starmer is “tell[ing] a story about what Britain is and what he wants it to be” (Abd el-Fattah citizenship row shows shift on questions of national identity, 29 December), and it’s one that echoes the rhetoric of Nigel Farage and Kemi Badenoch. Labour’s February 2025 policy change establishes a blanket presumption against granting citizenship to anyone who previously entered the UK illegally, regardless of how much time has passed. Moreover, the Deprivation of Citizenship Orders (Effect during Appeal) Act 2025, recently hurried through parliament, represents a fundamental shift in how citizenship deprivation cases are handled during the appeals process. Under the old system, individuals who successfully appealed against their citizenship deprivation had their status restored while government appeals continued. The new act ensures that deprivation orders remain in effect throughout all appeals processes, including any further government appeals to h...

Alexsandro Pinzon thinks playfulness and shared silliness are essential parts of human interaction and growth. Plus letters from Mike Hine , Torran Turner and Ted Watson I respectfully disagree with the suggestion that the use of “six-seven” represents a decline in logic or understanding among pupils ( Letters, 29 December ). From a developmental perspective, this kind of behaviour is a normal and even healthy part of growing up. Children and young people often adopt shared phrases, jokes or nonsensical trends as a way of belonging to a group. The meaning is not always the point; participation is. As a teacher, understanding and acknowledging this behaviour helps me connect with pupils’ lived realities. When students feel seen and understood – rather than dismissed for engaging in harmless trends – trust is built. That sense of connection plays a crucial role in the learning process: pupils are more likely to engage, take risks and respond positively to guidance when they feel their world is recognised within the classroom. Continue reading...

In his supportive piece on why the BBC is important to Britain’s culture (The BBC tells the story of Britain in a way Netflix simply cannot. In the year to come, please remember that, 29 December), Tony Hall makes a reference to how important Radio Cumbria is to the people of Cumbria, and tries to suggest the same is true for Radio Scotland and Radio Wales “serving the nations”. In reality, and unlike in England, BBC Radio no longer serves local communities in Scotland and Wales. For example, Radio Scotland’s morning news programme tends to repeat the same news stories you can hear on Radio 4’s Today programme, except where there are occasional news stories affecting the whole of Scotland. Radio Cumbria (as with other English local BBC radio stations) will include items about Carlisle, Kendal, Barrow and many other parts of the county and also report decisions and debates in local councils. Radio Scotland – based in Glasgow – provides no local community coverage in Scotland. As a result, residents of Dundee, Aberdeen, Inverness, Fort William and so on have a greater affinity with their more community-based commercial/independent local radio stations than the BBC. The same is probably the case in Wales. If there is one thing the BBC could do to improve community representation in Scotland and Wales, it should break up these “national” radio stations and emulate what it does in England – a network of genuinely local community-based radio stations. With the ongoing decline in regional newspapers, the need for this is essential to give local communities the strong voice they deserve, but currently do not get. Stuart Walker Inverkeilor, Angus

Your editorial (The Guardian view on adapting to the climate crisis: it demands political honesty about extreme weather, 26 December) rightly highlights the urgency of climate adaptation. But to truly understand the scale of what we face, we must confront an uncomfortable truth: the Earth will survive this crisis. It is humanity, and countless other living species, that may not. As we edge closer to an irreversible point, the climate is becoming less a “challenge to manage” and more a hostile environment in which many will struggle to live. The planet is already adapting to its future. The question is whether we will do the same. The problem is not simply technical or financial; it is profoundly moral. The world is divided into three groups: those in need, who are already suffering and losing homes and livelihoods; those driven by greed, who profit from delay and denial; and those who claim to care, but hide behind endless excuses for inaction. Meanwhile, the clock keeps ticking. Poorer nations, which did least to create this crisis, are being asked to pay the highest price. Wealthy nations debate costs and political convenience while lives are being lost and futures erased. That is not policy failure; it is injustice. Adaptation funding is not charity. Emissions cuts are not optional. Honesty, courage and compassion are now survival tools. Anything less is betrayal. Keith Nicholls Swansea Your leader says “What we can do to minimise, or at least reduce, the risks to life from such events [as violent storms]– as well as more gradual changes – is what climate adaptation experts think about all the time.” Accompanying such storms will be sea level rises, affecting coastal infrastructure. This raises the question of the efficacy of building new energy plants on vulnerable coastal areas, such as the North Sea coast in Suffolk and the Somerset Levels. The Office for Nuclear Regulation has hosted several roundtable discussions on these dangers in the past year. The two ne...

These ten large-cap stocks were top performers last week. Are they a part of your portfolio? FTAI Aviation Ltd. (NASDAQ:FTAI) gained 21.42% this week after the company announced the launch of FTAI Power. Symbotic Inc. (NASDAQ:SYM) soared 11.73% this week. Sandisk Corporation (NASDAQ:SNDK) gained 6.17% this week. Also Read: Venezuela Under Attack? Explosions Jolt Caracas As Government Blames US Military Micron Technology, Inc. (NASDAQ:MU) increased 8.77% this week. Shares of semiconductor and chip stocks are trading higher at the start of the new year. The industry may be gaining in response to upbeat sentiment. ASML Holding N.V. (NASDAQ:ASML) rose 9.72% this week. Intel Corporation (NASDAQ:INTC) increased 8.90% this week. ASE Technology Holding Co., Ltd. (NYSE:ASX) rose 6.71% this week. Bloom Energy Corporation (NYSE:BE) gained 10.9% this week. Strength may be in response to investor optimism about how increasing adoption of AI technology has placed a higher priority on energy production and data centers. Reddit, Inc. (NYSE:RDDT) soared 9.57% this week. Reddit co-founder Alexis Ohanian has slammed California's proposed 5% billionaire wealth tax, warning that it could be an expensive mistake, especially for the state's startup economy. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) gained 6.86% this week after the US Department of Commerce granted the company an annual export license for US export-controlled items. Read Next:

Investigators have identified 24 of the 40 people killed in the New Year’s Eve bar fire in Switzerland, including children as young as 14 and 15. Police in Valais canton said on Sunday they had managed to identify 16 more bodies from the blaze in Crans-Montana, one of the worst disasters in recent Swiss history, with forensic work particularly slow-going due to the horrific burns sustained by most of the victims. Those most recently identified were 10 Swiss nationals, two Italians, one person with Italian-Emirati citizenship, one Romanian, one person from France and one from Turkey, Valais police said. They did not release any names as loved ones were still being notified. The youngest person identified so far is a 14-year-old Swiss girl. Two 15-year-old Swiss girls were also among the dead. Ten of the other bodies identified on Sunday were teenagers aged 16 to 18, police said. Police earlier said two Swiss women aged 24 and 22 and two Swiss men aged 21 and 18 had been identified. The mother of Arthur Brodard, a 16-year-old Swiss boy, confirmed that he was among those killed. “Our Arthur has departed to party in heaven,” Laetitia Brodard-Sitre said on her Facebook page. “Now we can start our mourning, knowing he is in peace.” Hundreds of people joined a silent procession through the upmarket resort town on Sunday to honour the victims of the catastrophe. After a service at the Chapelle St-Christophe, the sombre crowd, many with reddened eyes, filed silently out of the chapel to organ music. Some exchanged hugs and others applauded before joining the silent march up the hill to Le Constellation bar. View image in fullscreen Mourners marched in silence from the chapel to the makeshift memorial. Photograph: Jean-Christophe Bott/EPA People in the dense, snaking procession walked in bright sunshine past shuttered stores. A stream of mourners and well-wishers deposited bouquets at a makeshift memorial piled with flowers, cuddly toys and other tributes. Applause began ripp...

Perhaps they underestimated Harrison Reed. Certainly there was little reaction when the ball came back to the Fulham substitute with 96 minutes gone at Craven Cottage. Liverpool simply stood off Reed, almost daring the midfielder to shoot, and were made to regret their lack of urgency when one of Fulham’s more unfashionable players rescued a point for Marco Silva’s stubborn side by ripping a stunning shot into Alisson Becker’s top corner. It was only the popular 30-year-old’s fourth goal in six years in west London, and it said a lot about the state of Liverpool this season. The champions, after all, had just gone 2-1 up through Cody Gakpo and should have defended their lead with more determination. Instead their complacency gave Fulham hope and left Arne Slot’s side ruing a missed opportunity to tighten their grip on fourth place. Not that Liverpool had played well enough to merit a win. They lacked attacking inspiration with Mohamed Salah, Alexander Isak and Hugo Ekitiké missing and needed fine margins to help them restore parity after a poor first half. There was surprise when Florian Wirtz, who has two goals and an assist in his last four games, was deemed a shade onside when he cancelled out Harry Wilson’s early goal. Ekitiké’s unexpected absence with a minor injury forced Liverpool to contend without £194m of forward talent. They were already without Isak, sidelined with a broken leg, and the worry for Slot was surely that his team had only 12 league goals between them at the start of play. The Dutchman had adjusted by using Gakpo as the central striker, with Curtis Jones, Dominik Szoboszlai and Wirtz offering support from attacking midfield, but the ploy proved ineffective for much of a tepid first half. Shorn of natural width with Salah away at the Africa Cup of Nations, Liverpool were too slow in possession. They fell into the trap of playing in front of Fulham, who were happy to sit back and absorb long spells of aimless pressure, and failed to test Bernd ...