BP profits more than double as Iran war sends oil prices soaring
Energy company’s $5.73bn quarterly profits come after Shell posted second highest quarterly earnings on recordBusiness live – latest updatesBP has reported its highest quarterly profits since the first year of Russia’s war on Ukraine because of rising oil and gas prices caused by the Middle East crisis.The oil company’s quarterly profits more than doubled to $5.73bn (£4.27bn) in the three months to the end of June, up $2.5bn from the quarter before, as the ongoing conflict in the Middle East continued to disrupt energy exports from the Gulf. Continue reading...
Sources & Citations
1 sourceMore Stories
Umerov to Lead Ukraine’s Foreign Intelligence and Peace Talks
• Ukraine has appointed Umerov to lead a combined portfolio overseeing foreign intelligence, peace negotiations, and defense-technology priorities. • His key responsibilities include managing critical military initiatives, specifically drone procurement deals and the Freyja anti-ballistic program.
Read original · kyivpost.com
Kyiv PostAP News Summary at 8:31 a.m. EDT | National News
• President Trump announced that diplomatic talks regarding the conflict with Iran will begin on Monday, delaying planned "massive" military strikes. • The decision follows persuasion from Gulf allies, including Saudi Arabia, who urged the administration to prioritize diplomacy over immediate force.
Read original · mykxlg.comMother of PC Harper ‘bitterly disappointed’ that son’s killers remain eligible for early release – UK politics live
Government revises plans to tackle prison overcrowding amid pressure from MPs and victims but domestic abusers and killers could still be released earlyGood morning and welcome to our live coverage of UK politics. The mother of PC Andrew Harper said her family are “bitterly disappointed” that her son’s killers remain eligible for early release after the government revised plans to tackle the overcrowding crisis in prisons.Following pressure from victims, MPs and frontline prison officers, rapists, child sexual abusers and groomers will be excluded from the scheme for England and Wales, the government said on Monday.It feels like we’re letting Andrew down again. We’ve been through the justice system, we thought we’d done as best as we could. Now we’re standing up to fight again … so I just feel really let down, for Andrew’s sake as well as ours. Continue reading...
Read original · theguardian.comHungary comes ‘within millimetres’ of shutting down nuclear power plant amid drought crisis – Europe live
PM Péter Magyar says country nearly forced into decision as extreme heat and low water levels in Danube pose challenges in regionHungary has come “within millimetres” of having to shut down its nuclear power plant overnight, prime minister Péter Magyar said, as low water levels in the Danube continue to pose challenges for countries in south-eastern Europe.“Around 1:30 a.m. we were a few millimetres away from completely shutting down the Paks Power Plant, but then the water level stopped falling and by morning it had risen 1.5 centimetres. The last turbine is currently operating safely,” Magyar said on social media. Continue reading...
Read original · theguardian.comUS trade group warns Trump wants ‘fair treatment’ in fight over Labor’s levy on tech giants to pay for news
National Foreign Trade Council ‘disappointed’ at move to expand News Bargaining Incentive but Australian experts say government is not going far enoughFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA major US trade body has rubbished the Albanese government’s plan to make more big tech platforms pay for Australian journalism, issuing a veiled warning about how Donald Trump may respond to the “deteriorating trend”.The National Foreign Trade Council said it was “disappointed” at the Australian government’s move to expand its News Bargaining Incentive (NBI) to take in Microsoft’s LinkedIn, amid trade tensions between Washington and Canberra including newly increased tariffs on Australian goods. Continue reading...
Read original · theguardian.comDaphne Caruana Galizia was investigating suspected corruption when killed, jury told
Journalist’s son says his mother was examining leak from Electrogas, part owned by Yorgen Fenech who is on trialDaphne Caruana Galizia was investigating suspected corruption by the businessman Yorgen Fenech and members of Malta’s government when she was killed, a jury has heard.The heir to one of Malta’s biggest fortunes, Fenech is on trial for murder, accused of commissioning and paying for Caruana Galizia’s killing in a car bombing in October 2017. Continue reading...
Read original · theguardian.comMetro Bank customer fights for £14,000 refund after AI-linked fraud
Lender was told money was being taken without authorisation, with cash used to buy credits for Claude chatbotA Metro Bank customer has told of his fight to get more than £14,000 back after its systems failed to stop a fraud involving the AI chatbot Claude.Zoli Rutter, a businessman from Sussex, had a total of £14,244 taken from his bank account. The scam involved fraudsters buying credits to use Claude. Continue reading...
Read original · theguardian.comCharity cyclist Bob Montgomery, 82, dies one day after 5,200km ride across Australia
Montgomery died in a single-vehicle crash in Sydney just one day after completing his latest fundraising cycling trip with his teenage grandsonFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastBob Montgomery, a charity cyclist who has just finished a 5,200km bike ride from Broome to Bowral, died on Monday at the age of 82.His family confirmed his death on social media, saying he had died unexpectedly just a day after completing the cycling feat alongside his grandson, Tom, as a fundraiser for motor neurone disease. Continue reading...
Read original · theguardian.comThree lions die of suspected heatstroke at Tokyo zoo as Japan swelters
Most of the zoo’s 16 lions have struggled to cope with high humidity this summerThree lions from a Tokyo zoo have died from suspected heatstroke and others are undergoing treatment, a spokesperson said on Tuesday, as the big cats struggle in Japan’s high levels of humidity.Japan sweltered through its hottest summer on record last year and parts of the country have hit 40C in recent weeks, qualifying for the new “cruelly hot day” designation. Continue reading...
Read original · theguardian.comNine Lives, the feral cat that terrorised New Zealand’s rare ducks, is caught after three years
Large tabby cat that wiped out dozens of rare pāteke, or brown teal, has been killed after eluding trappers with its ‘very erratic’ behaviourA notorious feral cat given the name “Nine Lives” because it eluded trappers for three years has been caught and killed in New Zealand, ending its devastating rampage against one of the country’s rare duck populations.The cat, a large grey tabby, is estimated to have killed dozens of New Zealand’s rarest mainland duck – or 1% of its population – plus a host of kiwi chicks, native geckos and other native wildlife during the three years it was known to be roaming the Purerua peninsula, near the top of the North Island. Continue reading...
Read original · theguardian.comTuesday briefing: Inside the right’s heated climate-denial debate
In today’s newsletter: A small chorus of right-leaning critics are trying to convince politicians that climate action is deeply unpopular, downplaying its seriousness in the processGood morning. Half of England and all of Wales are officially in drought, wildfires have burned through parts of the Cairngorms, Suffolk and the Isle of Wight, and reservoirs are running low. Farmers have warned that there could soon be food shortages, and the Royal Horticultural Society is considering moving its hydrangeas to cope with the heat. Many people are now asking a question rarely associated with British summertime: when will it rain?The Guardian has been covering how the climate crisis is supercharging wildfires in Europe, the impossible choices firefighters face about which places to save, the number of people who have died in England due to heat, and the air conditioning haves and have-nots. Had you been reading another newspaper, you may have come away with a very different impression of this extreme weather.UK news | Rapists, child sexual abusers and groomers will be excluded from early release plans to ease critical prison overcrowding in a major intervention by Andy Burnham.UK politics | Nigel Farage has made his clearest admission that he was in talks to return to lead Reform UK months before the 2024 general election, casting fresh doubt on previous claims that he was not involved in politics when he received a £5m gift.Spain | A growing chorus of voices has accused Morocco of helping to fuel the crisis in Ceuta, with the leader of the Spanish enclave describing last week’s border crossings as an attack on Spain’s territorial integrity that was seen as being “if not orchestrated, at least encouraged or permitted by Morocco”.Middle East | New talks between Washington and Tehran are the “last chance” for Iran to forge a deal and avoid an escalation of US strikes on the country, Donald Trump said on Monday.Environment | A plastic manufacturer in the north of England is facing potential legal action over emissions of benzene, a carcinogenic chemical with no safe level, the Guardian can reveal. Continue reading...
Read original · theguardian.com