BP to sell North Sea business; AI companies lead record surge on Korea’s stock market – business live

• Iran utilized a three-day lull in bombings and Omani mediation as a tactical respite to replenish missile launchers and prepare a surprise attack. • The situation escalated rapidly within the last 24 hours, resulting in the largest wave of U.S. strikes against the Revolutionary Guard since the conflict began.

• Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed responsibility on Thursday for an attack on a US military base located in Kuwait as part of "Operation Nasr-2." • In a retaliatory move, US air strikes targeting Iran's Zanjan province resulted in the deaths of at least three IRGC members.

• The provided text argues that peace diplomacy should not be measured by quantitative metrics or traditional weighing systems. • The core objective of these diplomatic efforts is to prevent the onset of conflicts and wars, reduce escalation during active hostilities, and facilitate post-war rebuilding.

• A coal mine explosion in Pakistan has resulted in at least 11 deaths, with dozens of miners still trapped underground. • Rescue operations are underway to locate survivors and extract those remaining in the mine following the blast.

• India has intensified its campaign for a permanent seat on the United Nations Security Council (UNSC) as of July 30, 2026. • The bid is centered on the new SHANTI framework, which emphasizes Security, Humanitarian assistance, Anti-terrorism, Technology, and Infrastructure.

Price of an average home now £277,542, up from £277,484 the previous month but lower than in May, says NationwideBusiness live – latest updatesEconomic uncertainty dampened UK house price growth in July as prospective house buyers remained cautious about interest rates during the US war with Iran in what should be peak housebuying season.House prices rose by just 0.1% in July from a month earlier, according to the lender Nationwide, while annual price growth slowed to 1.8% this month, down from 2.2% in June. Continue reading...

Some drowned and others caught up in crush, official says, and thousands sleep on streets or in parksAt least 18 people have died trying to reach the Spanish enclave of Ceuta after about 49,000 migrants breached the border with Morocco and poured into the tiny territory.Spain sent ​military and police reinforcements to Ceuta on Thursday after people crossed by land and sea. Spain’s prime minister, Pedro Sánchez, is expected to join the interior minister, Fernando Grande-Marlaska, on a visit to Ceuta on Friday morning. Continue reading...

More than 100 firefighters remain at scene after Dunwich Heath blaze spread across 150 hectares and forced evacuationsFire crews tackling a large wildfire burning for more than 24 hours near Britain’s biggest nuclear power station have said the situation is “stabilising”.More than 100 firefighters have been battling the blaze in Dunwich Heath, near Leiston, on the Suffolk coast since Wednesday evening. Continue reading...

As the death toll rises to almost 1,500, and with a vaccine against the Bundibugyo strain potentially still months away, health workers face a battle to slow the outbreakThe latest numbers of confirmed cases of Ebola in the Democratic Republic of the Congo has made this latest outbreak the fastest growing in the known history of the virus.At 3,360 confirmed cases, the disease is now affecting people in five provinces in the east of the DRC, with 1,487 deaths recorded, representing an overall case fatality rate estimated at about 45%, according to Congolese health officials. Health responses to the outbreak have been badly hampered by conflict in many of the affected areas. Continue reading...

PM Pedro Sánchez expected to visit territory today as Italy demands Spain be suspended from the Schengen area amid concerns over fresh migration crisisAt least 19 people died as thousands of migrants breached the Spanish-Moroccan border in Cueta yesterday, prompting concerns about a fresh migration crisis and questions over the implications for the European Union.A spokesperson for the Guardia Civil force, which polices Spain’s borders, said ⁠the migrants were “massively entering from the sea” through the Tarajal breakwater, but could not provide an estimate of the numbers. Continue reading...

Hancock Prospecting says chair Kim Williams among those ‘on notice’ for failing to remove program that joked about turning Rinehart’s insides into a sausage rollGet our breaking news email, free app or daily news podcastGina Rinehart has threatened the ABC with legal action over crude comments aired on the national broadcaster, including a joke about mixing her guts into a sausage roll.The four-minute film, titled A Very Relaxing Video, aired on the Race Around the World program on 12 July and concluded with the film-maker, Kate McGuinness, making crude and offensive comments about Rinehart. Continue reading...

Move, which will end decades of production in area, comes as new CEO tries to simplify firm and cut debtBusiness live – latest updatesBP has put its North Sea oil and gas business up for sale, as it looks to end decades of production from the region.The oil major announced on Friday morning that it had launched a formal process to market its North Sea business for a potential sale. The move comes as BP’s new chief executive, Meg O’Neill, tries to simplify the company and cut its debt levels. Continue reading...