BP steps up cost cutting as profits slide

Craig WilliamsBBC Scotland Getty Images Government bonds allow money to be raised through the markets The Scottish government is “on track” to issue its first ever bonds in the next financial year, according to the first minister. John Swinney confirmed bonds should be issued in 2026-27, though this is subject to the outcome of May’s…

The war has seen large oil and gas facilities attacked and it has effectively closed a key shipping channel, the Strait of Hormuz, which runs close to the Iranian coast. One fifth of the world’s oil passes through here, so the disruption has sent global oil prices soaring, and the price of diesel has followed.

The Equal Employment Opportunity Commission (EEOC), which enforces workplace discrimination laws, announced on Wednesday it has demanded company records going back to 2018, including the use of race and ethnicity data, and whether such information influenced executive pay.

Ryanair and the boss of Berlin Airport have warned of severe disruption to summer travel because of the new digital EU border check system. Ryanair said families could face “queue chaos” and urged governments to postpone the system until after the summer holiday period. Berlin Airport’s Aletta von Massenbach said non-EU nationals were having to…