A BP petrol and diesel filling station in Hildenborough, England, on June 15, 2020. BEN STANSALL | AFP | Getty Images The CEO of oil and gas giant BP told CNBC on Wednesday that its decision to “reset” its dividend to 5.25 cents a share was “deeply rooted in strategy.” The newly announced dividend represents
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August 5th, 2020 by Johnna Crider Photo by Justin Stumberg/U.S. Navy (public domain). Several energy companies have filed for bankruptcy this year, citing the coronavirus pandemic and all that resulted as the cause. The U.S. has had its lowest energy consumption in 30 years this past spring, according to federal officials. There were sharp drops
9:46 AM ET Tor-Kristian Karlsen Editor’s note: Tor-Kristian Karlsen is a Norwegian football scout and executive and is the former chief executive and sporting director at AS Monaco. He will write regularly for ESPN on the business of soccer and the process of scouting. In his latest column, he looks at some of the game’s
An official heatwave could hit the UK on Thursday, with some parts basking in temperatures hotter than top holiday destinations in the Caribbean. Temperatures are expected to soar to 37C (98.6F) by the end of the week, caused by hot air moving in from southern Europe. It means parts of the country will be basking
More than 20 countries and territories in Europe have launched or plan smartphone apps that seek to break the chain of coronavirus infection by tracking encounters between people and issuing a warning should one of them test positive. Most countries in the region have opted to use Bluetooth short-range radio to monitor close encounters that
Europe’s experiment in using technology to fight coronavirus has achieved some early successes: millions of people have downloaded smartphone tracker apps and hundreds have uploaded the results of positive COVID-19 tests. Yet most European countries so far lack solid evidence that their apps – which identify close contacts via Bluetooth connections with nearby users –
Tributes from Pope Francis, the Dalai Lama and Bono have been read at the funeral of John Hume, a key figure in Northern Ireland’s peace process. The former leader of the nationalist SDLP, widely regarded as the architect of the Good Friday Agreement, died on Monday, aged 83. With his family and a small number
Neil Young is suing Donald Trump’s re-election campaign for copyright infringement, alleging that his music has been used at the president’s rallies without his permission. The 74-year-old star said that he could not allow his work to be used as a “theme song for a divisive, un-American campaign of ignorance and hate”. In a complaint
Former government minister Douglas Ross has been confirmed as the new Scottish Conservative leader. The 37-year-old takes on the role after winning the leadership without a contest. The Moray MP was the only candidate to put their name forward to replace Jackson Carlaw, who quit as the Scottish Tories‘ leader last week. Image: The former
The number of dead in Beirut’s huge explosion has risen to 135, with around 5,000 injured and tens of people still missing as rescuers search for survivors, say Lebanese officials. President Michel Aoun said the blast was caused by 2,750 tonnes of ammonium nitrate – used in fertilisers and as an explosive – which was
WH Smith is looking to cut up to 1,500 jobs after the high street retailer said its recovery from the COVID-19 lockdown remained slow. With other firms also threatening redundancies, including PizzaExpress, DW Sports and Hays Travel, it brings the total number to almost 6,000 so far this week alone. WH Smith said it was
SpaceX on Tuesday successfully completed a flight of less than a minute of the largest prototype ever tested of the future rocket Starship, which the company hopes to use one day to colonise Mars. “Mars is looking real,” SpaceX founder Elon Musk tweeted in response to a fan. The current Starship prototype is fairly crude:
SpaceX’s crewed capsule isn’t called Dragon for nothing. The two NASA astronauts brought back to Earth on Sunday said they felt they were inside the belly of a beast as it careened into the atmosphere at 17,500 mph. “It came alive,” said mission commander Bob Behnkhen at a virtual press conference held Tuesday in Houston,
Hollywood actor Ryan Reynolds has apologised for holding his wedding with Blake Lively at a former slave plantation. The Deadpool and Gossip Girl stars got married in 2012 at Boone Hall, South Carolina, which Reynolds now admits was a “giant f****** mistake”. The 43-year-old told Fast Company website it was something “we’ll always be deeply
If, as seems to be the case, the Beirut explosion was caused by thousands of tonnes of ammonium nitrate stored in a warehouse, the blast demonstrates the deadly potential of this common agricultural chemical. What is ammonium nitrate? With the chemical formula NH4NO3, ammonium nitrate is a naturally occurring, highly soluble white crystalline solid, more
Donald Trump has contradicted Lebanese officials and suggested a “terrible attack” caused a massive explosion that killed at least 70 people in Beirut. The cause of the blast, which also injured thousands of others, has not been confirmed – but the Lebanese prime minister has blamed thousands of tonnes of ammonium nitrate stored at a