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Shell profits double as oil prices rise due to Iran war
Posted onShell’s profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. The oil giant posted profits of $9.84bn (£7.37bn) for the April-to-June period, up from $4.26bn at the same point last year. The price of crude has risen since the outbreak of the US-Israel war…
Even if Iran war ends now farmers costs will have to be passed on
Posted onPatrick Crehan buys fuel on behalf of a 3,500 member consortium, who are mainly agricultural farmers. Before the conflict, he was paying around 70p a litre. Just before the ceasefire, he was paying around 130p a litre, though that has fallen back a little since Wednesday.
US inflation rate eases to 3.5% as gasoline prices fall
Posted onInflation in the US eased last month as the cost of energy and filling up at the pumps fell, official figures show. Prices rose 3.5% in the year to June, according to the Bureau of Labor Statistics (BLS), down from 4.2% recorded in May. Gasoline prices decreased 9.7% last month, but are still much more…
Spotify founder Daniel Ek to step down as chief executive
Posted onGetty Images Spotify founder Daniel Ek is planning to officially step down from the role of chief executive after two decades at the helm of the music streaming giant. The company said the 42-year-old would be replaced by his two deputies at the end of the year, while he remains on as executive chairman, setting…
Chip shops sell cheap catfish as traditional fish and chips
Posted onSteven Booth, 41, who was waiting in Crook’s chippy to buy his lunch, said: “My wife is from Thailand and over there catfish is often on the menu, it’s fantastic and I’m up for trying it, but it’s incredibly important you are told what you’re eating.”
Crypto users forced to share account details with tax officials
Posted onRachel ClunBusiness reporter Getty Images People buying cryptocurrency in the UK now need to share their account details or face penalties, in changes that came into effect on 1 January. The move by the UK’s tax body is designed to ensure they pay all relevant tax on buying and selling crypto, including capital gains tax….
