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BP held talks about selling £2bn of UK North Sea assets to Ithaca
Oil major still exploring a deal despite failed discussions as CEO Meg O’Neill pursues restructuring
Reaganomics brought growth we can only dream of today
The benefits did not just“trickle-down”—they poured, writes Arthur Laffer
The BP drama will fade: boards are allowed to ditch the chair
Rather than a continuation of the company’s recent issues, isn’t this an example of the board doing what it is supposed to do?An easy narrative about the great BP boardroom drama runs like this: the plodding non-executive directors couldn’t handle the blunt ways of the hard-charging chair they had hired precisely to give the place a kick. Therefore the defenestration of Albert Manifold after only eight months in post shows BP is even more dysfunctional than thought.The best outcome for sharehold...
3 signs that it's time to open a CD account now
MoneyWatch: Managing Your Money 3 signs that it's time to open a CD account now We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and ed...
Morrisons announces £15 rule at 343 UK supermarkets
Morrisons announces £15 rule at 343 UK supermarketsIt comes as the supermarket has confirmed that it is closing some of its stores Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Adam Toms 18:09, Tue, Jun 2, 2026 Updated: 18:14, Tue, Jun 2, 2026 Morrisons has made a change at its stores (Image: Getty)Morrisons has announced a change at its cafes on Friday. The rule is that customers will now only pay £15 f...
5 signs your debt could lead to wage garnishment
MoneyWatch: Managing Your Money 5 signs your debt could lead to wage garnishment We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits art...
New Danish government vows to resist Greenland pressure and tackle cost of living
Mette Frederiksen, who returns for third term as PM, says minority coalition will ‘improve everyday lives’Denmark’s new left-leaning government has pledged to keep pushing back against US pressure over Greenland and address the cost of living crisis, with measures including halving VAT on food and offering free public transport to young people.“We present a government that will help improve the everyday lives of Danes,” Mette Frederiksen, who will return for a third consecutive term as prime min...
Morrisons becomes first UK supermarket to introduce new rule at all 500 stores
Morrisons becomes first UK supermarket to introduce new rule at all 500 storesMorrisons has become the first major supermarket chain to introduce the rule. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Charlie Bradley, Content Editor 17:58, Tue, Jun 2, 2026 Updated: 18:02, Tue, Jun 2, 2026 Shoppers enter a branch of Morrisons on November 18, 2015 in Bristol, England (Image: Matt Cardy, Getty Images)Morri...
The U.S. Navy Spent $80 Million To Repair Submarine Nearing Retirement
BusinessAerospace & DefenseThe U.S. Navy Spent $80 Million To Repair Submarine Nearing RetirementByPeter Suciu,Contributor.Forbes contributors publish independent expert analyses and insights. Peter Suciu covers trends in the world of aerospace and defense.Follow AuthorJun 02, 2026, 12:53pm EDTJun 02, 2026, 12:55pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Submariners standing on top of the Seawolf-class fast-attack...
Pakistan, Muslim countries condemn Israeli incursions into Al-Aqsa Mosque, call for immediate halt
Pakistan, along with seven other Muslim countries, on Tuesday condemned the “continued incursions by extremist Israeli settlers into Al Aqsa Mosque” in the strongest terms, calling for an immediate cessation of all such provocative practices. According to a joint statement released by the Foreign Office (FO), the foreign ministers of Pakistan, Egypt, Turkiye, Indonesia, Jordan, Saudi Arabia, Qatar and the United Arab Emirates condemned “in the strongest terms the continued incursions by extremis...
What Blair gets wrong about the economy – it is fired by people, not business | Letters
Readers respond to Jonathan Freedland’s article about Tony Blair’s vision for the futureJonathan Freedland says Tony Blair “would say you can only address [poverty and inequality] once the economy is firing. Maybe” (Tony Blair says he is all about the future – but his vision is woefully stuck in the past, 29 May). In fact poverty and inequality are the reasons the economy is misfiring. In the big economic crashes of history, gross inequality has been present.After 47 years, you would think that...
How public-sector pension schemes are funded | Letters
Prof John H Arnold and Douglas Russell respond to a letter that said defined-benefit pensions place enormous pressure on public financesProf Stephen Caddick’s letter (26 May) on public sector defined-benefit (DB) pension schemes requires a response. There are five large “unfunded” schemes: NHS, teachers, civil servants, police and army. It is true that employers, and thus ultimately taxpayers, put in a fairly high employer contribution. But without a decent pension scheme, such sectors are likel...
Ferrari Shares Steady After EV Styling Spat And Prospects Appear Rosy
InnovationTransportationFerrari Shares Steady After EV Styling Spat And Prospects Appear RosyByNeil Winton,Senior Contributor.Forbes contributors publish independent expert analyses and insights. U.K.-based Neil Winton covers the European Auto industry.Follow AuthorJun 02, 2026, 12:37pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Ferrari LuceFerrariFerrari shares have stabilized after its first electric vehicle’s surpr...
Short seller Andrew Left convicted of securities fraud in California
Federal jury convicts the securities analyst and trader, who could face a maximum penalty of 25 years in prisonSign up for the Breaking News US newsletter emailA federal jury in California has convicted short seller Andrew Left of securities fraud.Left, who was a securities analyst, trader and guest commentator on television channels including CNBC and Fox Business, was charged in July 2024 with one count of engaging in a securities fraud scheme, 17 counts of securities fraud and one count of ma...
Money was wasted on M4 relief road, First Minister admits
Rhun ap Iorwerth says his new government is already looking at work to 'identify the solutions' to issues on the M4 and the Menai crossing
AARP CEO breaks down report showing Americans 50 and older contribute $12.5 trillion to economy
Americans 50 years and older contribute $12.5 trillion to the U.S. economy, according to a new AARP report. Dr. Myechia Minter-Jordan, the CEO of AARP, joins to break down the report.
Music bosses pass Tory blame to Labour over ticket tout row
When Labour announced plans last November to cap ticket resale prices, many in the live music industry thought a campaign that had dragged on for nearly two decades was finally approaching a conclusion, writes Saskia Koopman. The government pledged to make it illegal to resell tickets above face value, cap fees charged by resale platforms and stop sellers from listing more tickets than they were originally allowed to buy. Ministers estimated the measures could save fans £112m a year. But a...
Bonnard to finish with a flourish in the Derby
AIDAN O’Brien’s grip on the world’s most famous Flat race, the Betfred Derby (4.00pm), shows no signs of loosening. The Master of Ballydoyle has won the last three renewals of the Classic with Auguste Rodin, City Of Troy and Lambourn and has 11 Derby wins in total, more than any other trainer. This year, O’Brien has seven of the 17 runners currently entered and while not all those will take their chance, there will still be a Ballydoyle battalion charging around Tattenham Corner a little af...
Sweet on Sugar to cause huge 66/1 upset in the Oaks
CONDITIONS will play a major role on Oaks Day, and with a significant amount of rain forecast it looks the time to back those who will act on softer going. I’m taking a massive swing in the Betfred Oaks (4.00pm) given the likelihood of testing conditions, and that’s with SUGAR ISLAND for the Ballydoyle and Coolmore powerhouses. She made all to win a heavy ground Group Three at the Curragh last season, beating Thundering On who is significantly shorter than her in the market. Conceding a fi...
Andrew Bailey warns on AI: ‘Everybody is currently priced to be a winner’
Bank of England governor Andrew Bailey has suggested that the UK’s growth hopes hinge on productivity gains from a mass AI technology roll-out although he warned that investment levels carried “substantial risks” for market prices. Bailey, who is also the head of the Financial Stability Board, an international body overseeing markets, echoed deputy governor Sarah Breeden in warning about rising equity prices, particularly in the US. He said the UK’s lack of growth was a “critical” questio...