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BOSTON – A multinational mission to find a missing submersible near the Titanic wreck is still focused on rescuing the five-member crew alive, the US Coast Guard insisted on Thursday, despite fears that the vessels oxygen may already have run out.

Based on the submersibles capacity to hold up to 96 hours of emergency air, rescuers had estimated that the passengers could run out of oxygen in the early hours of Thursday.

But as that possible deadline passed, US Coast Guard Rear-Admiral John Mauger said rescuers were fully committed.

Peoples will to live really needs to be accounted for as well. And so were continuing to search and proceed with rescue efforts, he told NBCs Today show.

A remotely operated vehicle deployed from a Canadian vessel reached the ocean floor to begin searching, the US Coast Guard said on Thursday morning, while another robotic craft from a French research ship was also preparing to dive to the seabed.

The minivan-sized Titan, operated by US-based OceanGate Expeditions, began its descent at 8am on Sunday but lost contact with its support ship.

Despite the fading hopes, Rear-Admiral Mauger told broadcaster NBC the search would continue throughout Thursday.

The French research ship Atalante, equipped with a robotic diving craft capable of reaching where the Titanic lies about 3,810m below the surface, had arrived in the zone as of Thursday.

It was first using an echo-sounder to accurately map the seabed for the robots search to be more targeted, the French marine research institute Ifremer said.

The robot, Victor 6000, has arms that can be remotely controlled to help free a trapped craft or hook it to a ship to haul it up. The US Navy is sending a special salvage system designed to lift large undersea objects.

A surge of assets and experts have joined the operation, and sonar has picked up unidentified underwater noises.

Organisers of the multinational response which includes US and Canadian military planes, coast guard ships and teleguided robots are focusing their efforts in the North Atlantic close to the underwater noises detected by sonar. Remote video URL Mr Mauger has said that vessels carrying medical staff and a decompression chamber are en route to the area.

The sounds raised hopes that the passengers on the small tourist craft are still alive, though experts have not been able to confirm the source.

We dont know what they are, to be frank with you, said US Coast Guard Captain Jamie Frederick.

We have to remain optimistic and hopeful.

Titan was carrying British billionaire Hamish Harding and Pakistani tycoon Shahzada Dawood and his son Suleman, who also have British citizenship.

OceanGate Expeditions charges US$250,000 (S$335,000) for a seat on the sub. Mr Titanic

Also on board is the companys chief executive, Mr Stockton Rush, and a French submarine operator Paul-Henri Nargeolet, nicknamed Mr Titanic for his frequent dives at the site. Titan was carrying (clockwise from top left) British billionaire Hamish Harding, OceanGate Expeditions CEO Stockton Rush, Pakistani tycoon Shahzada Dawood and his son Suleman, and French submarine operator Paul-Henri Nargeolet. PHOTO: AFP Ships and planes have scoured around 20,000 sq km of surface water roughly the size of the US state of Massachusetts for the vessel, which attempted to dive about 644km off the coast of Newfoundland, Canada.

After the noises were detected by a Canadian P-3 aircraft, rescuers relocated two remotely operated vehicles (ROV) that search under the water and one surface vessel with sonar capability.

The ROV searches have not yielded results but data from the Canadian aircraft has been shared with US Navy experts for acoustics analysis.

The Navy has sent a specialised winch system for lifting heavy objects from extreme depths along with other equipment and personnel, while the Pentagon has deployed three C-130 aircraft and three C-17s. Remote video URL The Titanic hit an iceberg and sank in 1912 during its maiden voyage from England to New York with 2,224 passengers and crew on board. More than 1,500 people died.

It was found in 1985 and remains a lure for nautical experts and underwater tourists.

The pressure at that depth as measured in atmospheres is 400 times what it is at sea level.

In 2018, OceanGate Expeditions former director of marine operations David Lochridge alleged in a lawsuit that he had been fired after raising concerns about the companys experimental and untested design of the craft. More On This Topic OceanGate was warned of potential for catastrophic problems with Titanic mission Missing Titanic tourist vessel: Best and worst-case scenarios Inside the sub

Mr Tom Zaller, who runs the company behind Titanic: The Exhibition, toured the wreck 23 years ago in a submersible much like the one that went missing on Sunday.

Youre sending a very small vessel two and a half miles down, which is incredibly complicated and technical, he said.

Its just this very seemingly unsophisticated sphere.

Mr Zaller has known Mr Nargeolet for decades and was in touch with Mr Rush before he embarked on Sundays tour.

I was in that sub for 12 hours with everything working fine, Mr Zaller said. Theyve been there for almost four days. I just cant imagine. More On This Topic Inside the Titan submersible: Quiet and cramped, with a single porthole Missing Titanic tourist vessel: Difference between a submersible and a submarine Deep-sea adventure

Mr Sean Leet, who heads a company that jointly owns the support ship, the Polar Prince, has said all protocols were followed before the submersible lost contact.

Theres still life support available on the submersible and well continue to hold out hope until the very end, said Mr Leet, chief executive of Miawpukek Horizon Maritime Services.

Questions about Titans safety were raised in 2018 during a symposium of submersible industry experts and in a lawsuit filed by OceanGates former head of marine operations, which was settled later that year. Remote video URL Even if the Titan were located, retrieving it would present huge logistical challenges.

If the submersible had managed to return to the surface, spotting it would be difficult in the open sea and it is bolted shut from the outside, so those inside cannot exit without help.

If Titan is on the ocean floor, a rescue would have to contend with the immense pressures and total darkness at that depth. British Titanic expert Tim Maltin said it would be almost impossible to effect a sub-to-sub rescue on the seabed.

It may also be difficult to find the Titan amid the wreck.

If youve seen the Titanic debris field, therell be a thousand different objects that size, said Dr Jamie Pringle, a forensic geoscientist at Keele University in the United Kingdom. It might be an endless task. AFP, REUTERS More On This Topic Cold and dark: The journey to the bottom of the sea on a Titanic tour TheTitanic: The enduring allure of one of the worlds deadliest ocean disasters

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Utah could be first US state to pass Bitcoin reserve bill: Satoshi Action Fund

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Utah could be first US state to pass Bitcoin reserve bill: Satoshi Action Fund

Utah’s Bitcoin reserve bill could be the first of its kind to pass at the state level in the US because of its shorter legislative window to decide on bills, says a Bitcoin advocate.

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Technology

Bitcoin slides toward $90,000 after Trump orders tariffs

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Bitcoin slides toward ,000 after Trump orders tariffs

U.S. President-elect Donald Trump and Bitcoin.

Cheney Orr | Dado Ruvic | Reuters

Cryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.

The price of bitcoin was last lower by 7% at $93,768.66, according to Coin Metrics. The CoinDesk 20 index, which measures the largest 20 digital assets by market cap, dropped 19%. Ether slumped 20% to its lowest level since November.

The slide began Saturday night after Trump signed an order imposing 25% tariffs on imports from Mexico and Canada, as well as a 10% duty on China, which will take effect Tuesday. The U.S. does about $1.6 trillion in business with the three countries.

Jeff Park, Bitwise Asset Management’s head of alpha strategies, said a sustained tariff war will be “amazing” for bitcoin in the long-run due to an eventual weakening of the dollar and U.S. rates.

While many believe bitcoin is a hedge against inflation and uncertainty over the long term, it trades like a risk asset in the short term — and is likely to respond negatively to any uncertainty around the trade war triggered by Trump’s tariffs.

Investors are watching $90,000 as the key support level in bitcoin, and some have warned of an even deeper pullback toward $80,000 should the cryptocurrency meaningfully break below its support.

Bitcoin is about 16% off its Jan. 20 record of $109,350.72. Seasoned crypto investors and traders have become accustomed over the years to corrections of around 30% during bull markets.

Don’t miss these cryptocurrency insights from CNBC Pro:

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Keir Starmer’s 1,000 jobs pledge could take 20 years, GB Energy boss admits

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Keir Starmer's 1,000 jobs pledge could take 20 years, GB Energy boss admits

The boss of GB Energy has told Sky News it could take 20 years to deliver a Labour government pledge of 1,000 jobs for Aberdeen.

Sir Keir Starmer promised voters his flagship green initiative, which will be headquartered in the northeast of Scotland, would cut consumer energy bills by as much as £300.

It is one of Labour’s five key missions for this parliament after a manifesto commitment to “save families hundreds of pounds on their bills, not just in the short term, but for good”.

In his first broadcast interview, Juergen Maier, appointed by Downing Street as GB Energy’s start-up chairman, suggested this was a “very long-term project” spanning decades and repeatedly refused to say when household prices would be slashed.

“I know that you are asking me for a date as to when I can bring that, but GB Energy has only just been brought into creation and we will bring energy bills down,” Mr Maier said.

The state-owned company will not supply power to homes but it will invest in new renewable projects while attempting to attract private investors.

Aberdeen's harbour
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Aberdeen’s harbour

Aberdeen HQ ‘nervous’

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Labour hopes GB Energy will help workers move from oil and gas and has pledged 1,000 jobs for Aberdeen, where the initiative will be based.

Aberdeen and Grampian Chamber of Commerce told Sky News the estimated 50,000 local people currently employed in the industry are “nervous”.

Chief executive Russell Borthwick said: “I think the [GB Energy] ambition is good. It needs some quick wins.

“Right now, this city is nervous. We need to give the industry more confidence that things are going to start moving more quickly.

“What we do have is not a great deal of progress. We’ve had a lot of positive meetings with GB Energy. I think we are really looking over the next six months for that to be delivered on.”

BG Energy's Aberdeen HQ
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BG Energy’s Aberdeen HQ

1,000 jobs in 20 years? ‘Absolutely’

It comes after Energy Minister Michael Shanks MP recently said the UK government had “not moved away” from an ambition of creating “over 1,000 jobs”.

Sky News pushed Mr Maier for clarity on this pledge given the looming crisis in the North Sea industry.

He said: “Great British Energy itself is going to create over the next five years, 200 or 300 jobs in Aberdeen. That will be the size of our team. I have said in the very long term when we become a major energy champion it may be many more than that.”

Pressed to define “long term”, he replied: “Look, we grow these companies. Energy companies grow over 10 or 20 years, and we are going to be around in 20 years.”

He said “absolutely” when asked directly if it could take two decades to fulfil the commitment of 1,000 jobs.

‘Huge risk of not delivering’

Unions told Sky News there is a risk of GB Energy over-promising and under-delivering.

Unite’s Scottish Secretary Derek Thomson said: “If you look at how many jobs are going to go in the northeast, if GB energy does not pick up the pace and start to move workers in there and start to create proper green jobs, then I’m afraid we could be looking at a desolation of the northeast.”

Read more:
GB Energy: The burning question facing ministers on UK-owned clean power

Cut taxes to get people buying electric cars – motor industry
Details on plan for Great British Energy

Prospect, which represents more than 22,000 workers across the energy industry, said the current vision seems risky.

Richard Hardy, Scotland secretary, said: “I don’t want to be accused of cynicism, but I do want to see a plan.

“If what happens is that it only creates 200 or 300 jobs, then I think most people would see that as being a failure. There is a huge risk for them in not actually delivering.

“They must understand the political risk they are taking in doing this. It has to be a success for them because otherwise it is going to be a stick to beat them with.”

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