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Oil giant BP reports huge rise in global profits – BBC News
Oil giant BP has reported a huge rise in global profits, which has sparked calls for a bigger windfall tax.
BP made $8.2bn (£7.1bn) between July and September, more than double its profit for the same period last year.
Surging oil and gas prices have led to big gains for energy firms but are also fuelling a rise in the cost of living.
On Monday, US President Joe Biden urged major US oil firms to stop “war profiteering”, threatening to hit them with higher taxes if they do not increase production which would help lower prices.
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Today, the week that the words flew – after Tony Blair wrote an essay saying Labour was “playing with fire” over the UK’s future and Starmer hit back in a Substack article.
Laura and Joe are joined by James Lyons, the former Director of Communications to Keir Starmer, to discuss his time in Downing Street, the essays and articles published by leading Labour figures this week and what could happen following next month’s by-election.
A full list of candidates and loads more information about the Makerfield by-election is available here: https://www.bbc.co.uk/news/articles/cgrp1z8n4w2o
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News UK
Kylie Minogue speaks about ‘humiliating’ media treatment during early career. #KylieMinogue #BBCNews
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US government prepares to print $250 note featuring US President Donald Trump’s face. #BBCNews
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After Laura’s exclusive interview, she’s joined by Henry and Joe to discuss what Nicola Sturgeon had to say about her estranged husband Peter Murrell’s guilty plea to embezzling hundreds of thousands of pounds from the SNP – as well as the political and public reaction to her words.
Hear the full length interview on the previous episode of Newscast.
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