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Chevron pledges $7bn to double its Venezuela oil production
US major commits to expand its joint ventures as White House pushes for huge increase in production in the country
Fake 10 Downing Street listing 'exposes security failures' on Booking.com
A bogus listing for 10 Downing Street was able to be set up on Booking.com in an investigation by a consumer watchdog.
Range Rover launches its first electric vehicle, with starting price of £154,070
Fully electric SUV unveiled after year-long delay and will be built at Jaguar Land Rover’s plant in Solihull Range Rover has launched its first electric vehicle – a year later than planned – offering a greener option for fans of gargantuan British-made SUVs who are also conscious about the climate crisis. Due to be built in Solihull, the home of the marque since 1970, the vehicle comes with an…
BP appoints new chair after contentious ousting of Albert Manifold in May
Ian Tyler, who was already in role on interim basis, selected and pledges to ‘lead the board’s evolution’ BP has appointed a new chair after a months-long search following the controversial ousting of Albert Manifold , seeking to draw a line under the boardroom turmoil at the oil and gas company. Ian Tyler, who has served as the interim chair and sat on the BP board as a non-executive director…
US officials defend Venezuela oil deal amid questions over rebuilding plan
Government talks up pact but Venezuelan opposition alarmed that democracy yet to return after Maduro exit Trump administration officials on Tuesday defended a highly contentious deal giving the US control of a significant chunk of Venezuelan oil reserves, arguing that the sweeping agreement would help stabilize and rebuild democracy in the shattered South American country while giving Washington…
Stan Kroenke, owner of Arsenal and LA Rams, to buy MLB’s Angels for reported $4bn
Arte Moreno sells after owning team since 2003 Deal gives KSE teams in NFL, MLB, NBA, NHL and MLS Kroenke Sports + Entertainment announced Tuesday that it will buy a controlling interest in the Los Angeles Angels from Arte Moreno in a deal that is expected to close in the first quarter of 2027. The sale will require the approval of Major League Baseball and its owners. Continue reading...
Tim Cook to be paid $47mn as Apple’s executive chair
Pay package signals big role for former CEO as his successor John Ternus gets $58mn
Andy Burnham pays tribute after Keir Starmer says he is stepping down as MP – video
In his first address to the House of Commons as prime minister, Andy Burnham paid tribute to his predecessor, Keir Starmer, who announced he was standing down as MP for Holborn and St Pancras. The Labour leader praised the former PM for his achievements, saying Starmer took the party 'from one of its worst defeats to its best victories' Keir Starmer to stand down as MP to focus on world affairs…
Mark Carney tells US to ‘start being serious’ amid escalating trade war
Canadian PM is set to retaliate against tariffs levied by Donald Trump and criticized US officials over insults US politics live – latest updates Mark Carney has rebuked Donald Trump’s administration and urged officials in Washington to “start being serious” amid escalating trade tensions between the US and Canada. Days before Canada is due to retaliate against Trump’s sweeping tariffs with its…
MapQuest app reaches No 1 on US Apple list after defying Trump’s Lake Ontario order
Navigating app surpasses Google and Apple Maps on top-downloaded US chart after posting ‘we’re not changing it’ A pioneering online mapping app that defied Donald Trump by refusing to rename Lake Ontario has become the most in-demand navigation tool in the US. MapQuest, which was openly dismissive of the president’s 27 August executive order directing federal agencies to refer to the smallest of…
Trump summons US refiners as Iran war pushes up fuel prices
President to hold White House meeting on Tuesday as high living costs sap his popularity ahead of midterm elections
Shein shares slide on fast-fashion retailer’s stock market debut
Hong Kong flotation at $26bn by firm once valued at $100bn follows failure to list in US and UK Shares in the fast-fashion brand Shein slumped as much as 10% as the China-founded company made its long-anticipated trading debut on the Hong Kong stock exchange. The Singapore-headquartered company, once valued at almost $100bn (£74bn), went public on Tuesday pricing shares at HK$48.56, valuing the…
Iceland’s close ties with EU mean no vote is not a Brexit-style rejection
A yes to membership would have given Brussels a boost but Icelanders have not voted to isolate themselves Iceland’s 52.8% to 47.2% vote against reopening EU accession talks is, undeniably, a blow for Brussels. But claiming it as a Brexit-style victory for “national sovereignty” or evidence of broad rejection of the EU misrepresents the reality of the island’s relationship with the bloc. For the…
Kalshi bans ex-congressman George Santos from prediction platform for life
Santos was accused of profiting from bets tied to his attendance at Trump’s State of the Union address George Santos, the former Republican congressman whose political career collapsed under a mountain of lies, has become the first person ever handed a lifetime ban by the prediction-market platform Kalshi. The company announced the permanent suspension on Monday, along with a $71,356 fine, after…
US trade regulator and 22 states accuse Amazon of taking $20bn with secret surcharges
FTC alleges in lawsuit that online retailer ‘secretly and systematically overcharged’ advertisers for years The US’s main trade regulator and 22 states sued Amazon on Monday, alleging the online retailer “secretly and systematically overcharged” advertisers on Amazon.com. The Federal Trade Commission (FTC) said these practices led to higher costs for customers on items like groceries and other…
Supreme Court allows construction of Trump’s White House ballroom to continue
Ruling on $400mn project means building is likely to be completed
Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon
President Donald Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela's proven oil reserves.
AI could cause global economic downturn, Bank of England head warns
Artificial intelligence could cause a worldwide economic downturn, the governor of the Bank of England has warned.
Discount gas stations praised by Trump sold $4m of stolen fuel, lawsuit claims
KRSM, company that supplied fuel to Freedom Fuel Network, stole millions worth of gas, Mansfield Oil alleges The company that supplied fuel to the discount gas stations praised by Donald Trump is being sued for allegedly stealing nearly $4m worth of gas. Mansfield Oil Company of Gainesville sued KRSM and its president, Syed Kazmi, for allegedly picking up about 1.1m gallons of fuel from 21 May to…
Jackson Hole analyst roundup: Warsh's speech sends hike chances higher, may put Fed `at odds' with Treasury
Fed Chair Kevin Warsh's hawkish stance reinforced expectations of a relatively tighter stance at the Federal Open Market Committee meeting in September.
U.S. strikes Iranian rocket launchers near Strait of Hormuz
The last major U.S. strikes on Iran were carried out in late July.
AA could face £5bn takeover move by German insurer Allianz, reports claim
Breakdown recovery group’s private equity owners reportedly in talks with various suitors to sell company Germany-based financial services company Allianz is considering a £5bn takeover swoop for AA, the breakdown recovery group, Sky News has reported. Allianz is one of a small number of parties holding talks with advisers to the AA about a deal, Sky News said, adding that the private…
Sovereignty, farming and fishing: Iceland votes on its future with the EU
Country holds a knife-edge referendum that cuts across political divides on taking step closer to Brussels after Trump threats towards Greenland For a long time, the prospect of becoming the third generation to run his family farm was an exciting one, says Davíð Clausen Pétursson. Icelandic farmers were starting to get higher prices for their meat and milk, debt was no longer an occupational…
US and Venezuela reach 'historic' oil deal, Trump says
The agreement would grant the US majority control of over 65 billion barrels of proven Venezuelan oil reserves, Trump said.
Meta's $17 billion settlement mandates new safeguards for kids—many are promising, says safety expert
Following a major legal settlement, Instagram and Facebook users under age 18 will soon have a daily two-hour limit and won't be able to see reactions on posts.
Trump loses bid to challenge hush-money conviction in federal court
New York judge says president’s arguments were ‘neither new nor legally sufficient’
Warsh settles some nerves at Jackson Hole
Speech gave a crisper picture of how he reads the economy but leaves open questions over Fed ‘reaction function’
Analysis: Kevin Warsh sharpens inflation warning at Jackson Hole, signaling possible rate hike
After confusing markets at his July press conference, Fed Chairman Kevin Warsh used Jackson Hole to give a clearer view of the case for higher interest rates.
Treasury moves to sanction UAE branch of Egyptian bank over Iran ties
Banque Misr UAE processed about $1.8 billion over two years for some 100 companies that are potentially part of Iran's shadow banking network, Treasury said.
Colman's Mustard put up for sale ahead of merger
The sale comes before a proposed merger between parent company Unilever and McCormick.
Pentagon’s blacklisting of Anthropic was unlawful, US judge rules
Anthropic argued designation as ‘supply chain risk’ could cost the company billions of dollars in lost business and reputational harm A US federal judge ruled Thursday that sanctions imposed in February by the Trump administration against AI giant Anthropic were illegal, finding that the government had punished the artificial intelligence company for publicly criticising the Pentagon. “The…
Tech companies call for collective action against AI-enabled cyber attacks
More than 100 companies have written an open letter calling for collective action to strengthen cyber defences amid a rise in AI-enabled cyber attacks.
Trump orders Lake Ontario to be renamed ‘Lake America’ in new slight to Canada
Body of water straddles border between the two countries
Hackers steal data from millions of airport customers
About 8.7 million customers had their data accessed, Manchester Airport Group says.
One in eight young people still out of work or education ahead of major review
Just under one million young people in the UK are not in education, employment or training (Neet).
Jes Staley told Congress it was ‘incredible’ Epstein’s abuse continued after jail
Former JPMorgan banker who went on to be CEO of Barclays appeared before Congress in July
OpenAI staff observed warning signs before AI agent hacking crusade caused global alarm
Firm says ‘early signals … could have triggered an earlier response’ as it releases report into Hugging Face hack OpenAI staff observed signs of rogue behaviour among its leading-edge AI agents weeks before they escaped their training environment to launch an unprecedented hacking crusade that spread global alarm. The San Francisco AI company conceded on Wednesday that “early signals … could have…
Fed Gov Lisa Cook’s lawyer fires back at Trump's renewed threat to oust her
The Supreme Court in late June blocked Trump from firing Cook from the Federal Reserve, but left the president with a path to try again to remove her.
How Dolly Parton's business savvy helped her succeed far beyond the charts
While country music and films brought her fame, her entrepreneurial zeal brought her fortune.
Anthropic agrees $45bn AI data centre deal with UK start-up Nscale
Claude maker is rushing to secure computing capacity to run and train its latest models