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BP chair removed over ‘unacceptable’ governance oversight and conduct issues; UK petrol prices hit new Iran war high – business live

BP's chairman has been removed due to concerns over unacceptable governance oversight and conduct issues. Meanwhile, UK petrol prices have reached a new high following the escalation of the Iran war. The energy regulator, Ofgem, is scheduled to announce the latest price cap for the July-September quarter tomorrow.

The Guardian UK 15d ago

EU orders Meta to reopen WhatsApp to rival AI assistants

EU orders Meta to reopen WhatsApp to rival AI assistants Business Issued on: 07:05 min From the show Reading time 1 min The EU has ordered Meta to grant rival AI chatbots free access to its WhatsApp platform within five working days, while it completes its antitrust investigation into the company. Meta says it will appeal, accusing the EU of 'regulatory overreach'.

France 24 1d ago

Zack Polanski’s journey from Liberal Democrat convert to Green leader

Leftwing politician faces allegations that he misled the public on issues such as his career

Financial Times 10d ago

BP chair removed over 'serious' conduct concerns

BP has removed its chair following concerns regarding serious conduct. Senior independent director Amanda Blanc stated that the board was both surprised and disappointed to become aware of the issues.

BBC Business 15d ago

Zealand Pharma loses a fifth of its value as many users gave up taking weight-loss drug during trial

The drugmaker’s shares tumbled in Copenhagen after saying a fifth of users discontinued its weight-loss drug because of gastrointestinal issues.

MarketWatch 2d ago

Elon Musk’s SpaceX paid to secure its ticker symbol ahead of blockbuster IPO

When SpaceX shares make their public debut next week, they will be trading under the ticker “SPCX.” Until recently, that ticker belonged to Tuttle Capital Management’s SPAC and New Issue ETF.

MarketWatch 6d ago

Why Virgin Galactic’s stock is having its worst day ever, after a record-smashing 7-day run

The space-tourism company made a move to pay off some debt, but investors aren’t happy that it will issue new shares to do so.

MarketWatch 8d ago

Indonesian business groups call for clarity about new commodity export rules

Indonesian business groups call for clarity about new commodity export rules JAKARTA, June 2 : Business groups in Indonesia called on the government to issue technical guidance for its plan to centralise exports and retain export proceeds in state banks, they said in a joint statement Reuters received on Tuesday. The Indonesian Employers Association, together with associations of miners, coal miners, nickel smelters and palm oil producers, said they supported the new rules, but hoped the...

Channel News Asia 8d ago

Worried that big IPOs will torpedo the stock market? These factors suggest otherwise.

The stock market typically performs well leading up to and during periods when companies are issuing new stocks, according to Deutsche Bank.

MarketWatch 2h ago

Kalshi to make some users reveal job details to tackle insider trading

After issues with insider trading, the prediction betting platform is adding new rules.

BBC Business 1d ago