A crackdown on the theft of vehicles from driveways will see new laws introduced to ban devices which can clone electronic keys. Criminals can target cars which activate automatically when a fob is nearby. The cloning devices have been blamed for a massive increase in thefts of high-tech vehicles which in turn has forced insurers to push up premiums. The thieves use electronic equipment designed for legitimate locksmiths and garages to copy keys inside homes, allowing cars to be driven away. The Home Office is working on a law “to ban electronic devices used to steal vehicles, empowering the police and courts to target those criminals using, manufacturing and supplying them”. Measures are expected to be included in the forthcoming Crime and Policing Bill, which will also include measures to crack down on shoplifting and new “respect orders” banning persistent offenders from high streets. Policing minister Diana Johnson held talks two weeks ago with the National Police Chiefs’ Council about proposals to cut car theft after the number of stolen vehicles recorded by police shot up. Incidents rose from 70,053 in 2013-14 to 128,553 in 2023-24. Crime figures show four in ten cases involve the offender using the signal from an electronic key. This typically involves technology that receives it from a key inside a property and sends it to a device held near the car. This fools the car into thinking the key is nearby, the doors unlock and the engine can be started. The practice is known as relay car theft because the key’s signal is “relayed” to a device. The growing problem is one of the reasons insurance premiums have risen to an average of £622 – 21 per cent higher than a year ago, according to the Association of British Insurers. Other factors include an increase in the cost of repairing damaged vehicles. People who keep keys near the front door and their vehicle on the drive close by can be particularly vulnerable and car owners can protect themselves by storing keys in a container called a Faraday Bag which blocks the signal. An Association of British Insurers spokesperson said: “Vehicle theft remains a serious problem. “So far this year, insurers have settled more than 40,000 claims for stolen vehicles and have paid out more than £490 million to support affected customers. “The industry invests millions each year to combat vehicle crime and help customers to protect their vehicles, and the Government’s efforts to combat thefts are welcome. “We look forward to seeing more details in the Crime and Policing Bill and will continue to work with Government and the police to clamp down on these sorts of crimes.” Minister for Crime and Policing, Dame Diana Johnson said: “Vehicle theft has a devastating effect on victims and we are aware of the real concerns people have in their day-to-day lives. "In the last year alone there were over 128,000 vehicle thefts, which is why we are focused on tackling this issue at source and have committed to bringing forward legislation to ban electronic devices used to steal vehicles, preventing them from getting into the hands of organised crime groups. "We will continue to work closely with the National Police Chiefs’ Council, which includes supporting their National Vehicle Crime Reduction Partnership, which brings together the police and manufacturers to clamp down on vehicle crime.”NEW YORK (AP) — Bitcoin extended its streak of record highs after ticking above $99,000 for the first time. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000, just two years after dropping below $17,000 following the collapse of crypto exchange FTX . The dramatic rally rolls on as industry players expect the incoming Trump administration to bring a more “crypto-friendly” approach toward regulating the digital currency. Bitcoin was trading at $99,526 Friday afternoon, according to CoinDesk. As with everything in the volatile crypto markets, the future is impossible to know. And while some are bullish, other experts continue to warn of investment risks. Here’s what you need to know. Cryptocurrency has been around for a while now. But, chances are, you've heard about it more and more over the last few years. In basic terms, cryptocurrency is digital money. This kind of currency is designed to work through an online network without a central authority — meaning it’s typically not backed by any government or banking institution — and transactions get recorded with technology called a blockchain. Bitcoin is the largest and oldest cryptocurrency, although other assets like ethereum, tether and dogecoin have also gained popularity over the years. Some investors see cryptocurrency as a “digital alternative” to traditional money, but the large majority of daily financial transactions are still conducted using fiat currencies such as the dollar. Also, bitcoin can be very volatile, with its price reliant on larger market conditions. A lot of the recent action has to do with the outcome of the U.S. presidential election. Crypto industry players have welcomed Trump’s victory, in hopes that he would be able to push through legislative and regulatory changes that they’ve long lobbied for — which, generally speaking, aim for an increased sense of legitimacy without too much red tape. Trump, who was once a crypto skeptic, recently pledged to make the U.S. “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. His campaign accepted donations in cryptocurrency and he courted fans at a bitcoin conference in July. He also launched World Liberty Financial, a new venture with family members to trade cryptocurrencies. How of this will actually pan out — and whether or not Trump will successfully act quickly on these promises — has yet to be seen. “This is not necessarily a short-term story, it’s likely a much longer-term story," Citi macro strategist David Glass told The Associated Press last week. "And there is the question of how quickly can U.S. crypto policy make a serious impact on (wider adoption).” One step Trump must take in the short-term is name a new head of the Securities and Exchange Commission, which shares oversight of cryptocurrencies. Gary Gensler, current chair of the SEC, has led the U.S. government’s crackdown on crypto over recent years, penalizing a number of companies for violating securities laws. But he's also faced criticism from industry players in the process, like the chief legal officer of Robinhood , who described Gensler's approach toward crypto as “rigid” and "hostile.” Gensler will step down in January when Trump takes office. Adam Morgan McCarthy, a research analyst at Kaiko, thinks the industry is craving “just some sort of clarity.” Much of the approach to regulating crypto in the past has been “enforcement based,” he notes, which has been helpful in weeding out some bad actors — but legislation might fill in other key gaps. Despite crypto’s recent excitement around Trump, McCarthy said that 2024 has already been a “hugely consequential year for regulation in the U.S.” — pointing to January’s approval of spot bitcoin ETFs, for example, which mark a new way to invest in the asset. Spot ETFs have been the dominant driver of bitcoin for some time now — but, like much of the crypto’s recent momentum, saw record inflows postelection. According to Kaiko , bitcoin ETFs recorded $6 billion in trade volume for the week of the election alone. In April, bitcoin also saw its fourth “halving” — a preprogrammed event that impacts production by cutting the reward for mining, or the creation of new bitcoin, in half. In theory, if demand remains strong, some analysts say this “supply shock” can also help propel the price long term. Others note it may be too early to tell. History shows you can lose money in crypto as quickly as you’ve made it. Long-term price behavior relies on larger market conditions. Trading continues at all hours, every day. At the start of the COVID-19 pandemic, bitcoin stood at just over $5,000. Its price climbed to nearly $69,000 by November 2021, during high demand for technology assets, but later crashed during an aggressive series of Federal Reserve rate hikes. And the late-2022 collapse of FTX significantly undermined confidence in crypto overall, with bitcoin falling below $17,000. Investors began returning in large numbers as inflation started to cool — and gains skyrocketed on the anticipation and then early success of spot ETFs. But experts still stress caution, especially for small-pocketed investors. And lighter regulation from the coming Trump administration could mean less guardrails. “I would say, keep it simple. And don’t take on more risk than you can afford to," McCarthy said — adding that there isn't a “magic eight ball” to know for certain what comes next. Assets like bitcoin are produced through a process called “mining,” which consumes a lot of energy. Operations relying on pollutive sources have drawn particular concern over the years. Recent research published by the United Nations University and Earth’s Future journal found that the carbon footprint of 2020-2021 bitcoin mining across 76 nations was equivalent to the emissions from burning 84 billion pounds of coal or running 190 natural gas-fired power plants. Coal satisfied the bulk of bitcoin’s electricity demands (45%), followed by natural gas (21%) and hydropower (16%). Environmental impacts of bitcoin mining boil largely down to the energy source used. Industry analysts have maintained that clean energy has increased in use in recent years, coinciding with rising calls for climate protectionsCanadian Prime Minister Trudeau flies to Florida to meet with Trump after tariffs threat WEST PALM BEACH, Fla. (AP) — Canadian Prime Minister Justin Trudeau has flown to Florida to have dinner with President-elect Donald Trump at his Mar-a-Lago club after Trump threatened to impose sweeping tariffs on Canadian products. Joining Trump and Trudeau at dinner were Trump's picks for commerce secretary, interior secretary and national security adviser, and the three men's wives. From the Canadian side, the dinner guests included Public Safety Minister Dominic LeBlanc, whose responsibilities include border security. Trump’s transition did not respond to questions about what they had discussed or whether the conversation alleviated Trump’s concerns about the border. A smiling Trudeau declined comment upon returning to his West Palm Beach hotel late Friday. Emboldened 'manosphere' accelerates threats and demeaning language toward women after US election CHICAGO (AP) — An emboldened fringe of right-wing “manosphere” influencers has seized on Donald Trump’s presidential win to justify and amplify misogynistic derision and threats online. Many have appropriated a 1960s abortion rights rallying cry, declaring “Your body, my choice,” and have been using it publicly on college campuses and even in public schools. While none of the current online rhetoric is being amplified by Trump, experts say many young men see the former president’s return to the White House as vindication of their views on women. For many women, the words are a worrying sign of what might lie ahead as some men perceive the election results as a rebuke of reproductive rights and women’s rights. Syrian insurgents are inside Aleppo in a major setback for Assad as government forces regroup BEIRUT (AP) — Thousands of Syrian insurgents have fanned out inside Syria's largest city Aleppo a day after storming it with little resistance from government troops. Syria's army said troops have redeployed to prepare for a counteroffensive. Witnesses said insurgents were seen Saturday at landmarks in Aleppo for the first time since 2016, when they were expelled by government forces backed by Russia and Iran. The surprise offensive is a major embarrassment for Syrian President Bashar Assad, who has regained total control of the city eight years ago. An Israeli strike in Gaza kills World Central Kitchen workers. Israel says 1 was an Oct. 7 attacker DEIR AL-BALAH, Gaza Strip (AP) — An Israeli airstrike on a car in the Gaza Strip on Saturday killed five people including employees of World Central Kitchen. The charity says it is “urgently seeking more details” after Israel’s military said it targeted a WCK worker who had been part of the Hamas attack that sparked the war. The charity in an email says it is “heartbroken” by the airstrike and that it had no knowledge anyone in the car had alleged ties to the Oct. 7, 2023 attack, saying it is “working with incomplete information.” It says it is pausing operations in Gaza. Lebanese fisherman hope ceasefire with Israel means normal life returning TYRE, Lebanon (AP) — The ceasefire between Israel and Hezbollah is bringing hope for normality back to many in southern Lebanon. That includes fishermen who’ve long launched their single-engine wooden boats into the Mediterranean at dawn. For months, Israel imposed a siege that kept hundreds of fishermen at this ancient Phoenician port ashore. That upended their lives and dealt the industry a major blow. The port siege also cut people off from key ingredients for traditional Lebanese dishes. As war devastated their country, the loss of fish damaged a deep association with home. Now, the possibility of renewed fishing is helping fuel hope. How Brazilian police say Bolsonaro plotted a coup to stay in office SAO PAULO (AP) — Brazil’s Federal Police have formally accused former far-right President Jair Bolsonaro and 36 others of plotting a coup to keep him in office. The plot was allegedly comprised of several components and substantiated by evidence and testimony in the agency's 884-page report. The pieces of the puzzle include laying the groundwork by systematically sowing distrust of the electoral system among the populace. It also includes drafting a decree to give the plot a veneer of legal basis and pressuring top military brass to go along with the plan. Bolsonaro and his main allies have denied any wrongdoing or involvement and accuse authorities of political persecution. More than 100 arrested as Georgian police clash with protesters over suspension of EU talks TBILISI, Georgia (AP) — More than 100 demonstrators were arrested overnight in Georgia as protesters clashed with police following the government’s decision to suspend negotiations to join the European Union, the country’s Interior Ministry said. Friday marked the second straight night of protests after Prime Minister Irakli Kobakhidze of the country’s ruling Georgian Dream party announced the suspension the previous day. The Associated Press saw protesters in Tbilisi being chased and beaten by police as demonstrators rallied in front of the country's parliament building. The violence follows Georgian Dream’s disputed victory in the Oct. 26 election, which was widely seen as a referendum on the country’s aspirations to join the European Union. Romania's parliamentary vote risks being overshadowed by presidential race chaos BUCHAREST, Romania (AP) — Romanians are preparing to go to the polls in a parliamentary vote that will determine a new government and prime minister to lead the European Union and NATO member country. However, Sunday's vote is sandwiched between a two-round presidential race and is overshadowed by controversies and chaos following the outcome of the first vote. While the president has significant decision-making powers in areas such as national security and foreign policy, the prime minister is the head of the nation’s government. Sunday’s vote will determine the formation of the country’s 466-seat legislature. North Korea's Kim vows steadfast support for Russia’s war in Ukraine SEOUL, South Korea (AP) — North Korean leader Kim Jong Un said his country will “invariably support” Russia’s war in Ukraine as he met Russia's visiting defense chief. A Russia military delegation led by Defense Minister Andrei Belousov arrived in North Korea on Friday as international concerns about the two countries’ expanding cooperation deepened after North Korea sent thousands of troops to Russia. During a Friday meeting, Kim and Belousov reached “a satisfactory consensus” on issues on how to further boost strategic partnership and defend each country’s sovereignty and security interests, state media said. Great Lakes, Plains and Midwest forecast to be hit with snow and dangerous cold into next week BUFFALO, N.Y. (AP) — The first big snowfall of the season is threatening to bury towns in upstate New York and northwestern Pennsylvania as the hectic holiday travel and shopping weekend winds down. Numbing cold and heavy snow could persist into next week and cause hazards in the Great Lakes, Plains and Midwest regions. A state of emergency was declared for parts of New York, making it problematic for scores of Thanksgiving travelers trying to return home. This week’s blast of frigid Arctic air also brought bitterly cold temperatures of 10 to 20 degrees Fahrenheit below average to the Northern Plains. Cold air was expected to move over the eastern third of the U.S. by Monday, the weather service said, with temperatures about 10 degrees below average.
Bitcoin ticks closer to $100,000 in extended surge following US elections
Casey concedes U.S. Senate race in Pennsylvania