37 h. ago UK and G7 allies look at lowering ‘meaningless’ cap on Russian oil exports

Limit of $100 a barrel said to be ineffective with the price of crude having crashed in response to Trump’s trade warThe UK and its G7 allies are considering tightening the “meaningless” cap on Russian oil export prices after Donald Trump’s trade war caused global oil markets to crash.UK Treasury officials are understood to be looking at plans to lower the $60 (£46) a barrel cap Russianexports after the oil market plunged this week to $59.77 a barrel for the first time in more than four years. Continue reading...

Politics

40 h. ago BP dropped its green pledges and turned back to oil. Now the price of crude has collapsed

At its AGM this week, the company will face not only the activist investor at its heels, but a global economy being changed from the White HouseAfter Donald Trump’s “liberation day” on Wednesday last week, BP lost almost a quarter of its market value in a share price rout even deeper than the oil giant endured in the wake of the Deepwater Horizon disaster. The collapse in global oil prices in the wake of the US president’s ­tariff blitz may have wiped billions from its ­market value – but Trump isn’t BP’s only problem.The oil company will face shareholders this week for the first time since it bowed to investor pressure to abandon its green energy ambitions in favour of a return to fossil fuels, and its chair, Helge Lund, agreed to step down from the board. Continue reading...

Politics

6 d. ago What happens next on the stock market after ‘bloodbath’ of Trump’s tariffs?

Stock markets in Asia, Europe and America are all in the green on Tuesday after several days of dramatic drops

Politics

7 d. ago FTSE 100 Live 07 April: Stock market rout deepens, index down 5% and S&P 500 set for bear market

The global stock market rout triggered by Donald Trump’s “Liberation Day” tariffs worsened today.

Politics

7 d. ago FTSE 100 Live 07 April: Index slides 6% as stock market rout continues, S&P 500 seen in bear market

The global stock market rout triggered by Donald Trump’s “Liberation Day” tariffs worsened today.

Politics

9 d. ago My message from prison: Just Stop Oil may be ending civil disruption, but the struggle must go on | Indigo Rumbelow

We forced the government to take some action, but still it closes it eyes to the impending climate collapse. A new method of confrontation is neededIndigo Rumbelow is co-founder of Just Stop Oil. She is currently on remand in HMP StyalAfter three years, Just Stop Oil is ending its campaign of non-violent civil disruption: we are hanging up the high-vis. But this does not mean the resistance is over. Sitting here in a prison cell in HMP Styal, I am still demanding an end to oil and gas. Every prison key that rattles, every door that is bolted shut, every letter that is read by the prison staff – it all reminds me that 15 Just Stop Oil supporters are currently locked up for refusing to obey governments whose climate inaction is frankly murderous.There has been some progress. The Labour government was elected last year on a manifesto including the pledge that they will “not issue new licences to explore new [oil and gas] fields”. This is a victory for civil resistance and the climate m...

Events

2 w. ago Milos Kerkez drops Liverpool transfer bombshell as he green lights summer move

Liverpool have been heavily linked with Bournemouth left-back Milos Kerkez ahead of the summer and the Hungary international has now had his say on transfer speculation

Events

2 w. ago Shell plans more cuts to costs and spending but hands CEO bigger bonus

Increase in pay package comes despite fall in profits and as oil company watered down pledge to cut emissionsBusiness live – latest updatesThe oil company Shell has revealed plans to ramp up cost savings and cut spending, as it handed its chief executive an increase to his pay package which angered environmental campaigners.The pay package for the energy company’s chief executive, Wael Sawan, rose by 8.5% last year, to £8.6m, according to its annual report, released on Tuesday. The payout was labelled “obscene” by green campaigners. Continue reading...

Economics

3 w. ago WWE star Chelsea Green 'knows ball' and drops jaws while wearing iconic football shirt

WWE superstar Chelsea Green - who is the current United States Women's champion - dropped jaws as she posed in an AC Milan shirt while on their European tour

Sport