Browsing: Business

BBC Business says the boss of Scottish Power has warned that millions of customers face an horrific winter unless there is a major government intervention in energy firms.

Daily Mirror says Oil giant BP’s profits have more than doubled in the past year as oil and gas prices soared for households.

The Metro says BP has revealed record underlying profits – as the living cost crisis continues across the UK.

The Guardian says the cost of household goods such as toys, furniture and clothing is rising by the fastest rate in more than 15 years as the impact of the war in Ukraine combines with Covid lockdowns in China.

BBC News says Business and government users on Twitter may need to pay a “slight” fee to stay on the social media platform, Tesla boss Elon Musk has said.

The Independent says BP has recorded its highest underlying profits for more than a decade after oil and gas prices soared.

TRT World says investors speculating over whether Elon Musk will complete his $44 billion acquisition of Twitter Inc have sent company shares to their lowest level.

The Guardian says the war in Ukraine will result in expensive food and energy for the next three years, the World Bank has warned.

The Guardian says Investors have wiped $126bn (£100bn) off Tesla’s value amid concern that Elon Musk may have to sell shares in the electric carmaker to fund his personal contribution to his $44bn acquisition of Twitter.

Euronews says Twitter will have to “adapt completely to European rules” whatever Elon Musk’s intentions regarding freedom of speech, the European Commission warned on Tuesday.