Oil and gas prices rise on new Iran threat to Gulf shipping

Hundreds and hundreds of ships. But they’re all in the wrong place. “Oh my goodness,” says Michelle Wiese Bockmann, senior maritime intelligence analyst at Windward, a maritime AI company, as she checks the live positions broadcast by commercial vessels in waters off Iran, the United Arab Emirates and Qatar.

Millions of victims of car finance mis-selling could receive less compensation than previously estimated, under plans from the regulator. The Financial Conduct Authority (FCA) said payouts could result from 14 million motor finance agreements between April 2007 and November 2024. The regulator previously suggested motorists could receive less than £950 per deal, but it now…

The jury saw two very different reactions to the collision when they were shown footage from the Stena Immaculate, the ship that was anchored 14 nautical miles off the Humber estuary, and footage from the Solong, the cargo ship captained by Vladimir Motin that ploughed into it, Detective Chief Superintendent Craig Nicholson said.

Food and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…