Oil profits boom on ‘war bonus’ as Trump blasts energy giants for ‘making too much money’ - as it happened
Rolling coverage of the latest economic and financial news While oil company profits soar, farmers across Europe are warning of a slump in food production and rising prices as crops suffer as a result of extreme heat, drought and wildfires. Olive groves have a
Rolling coverage of the latest economic and financial news
While oil company profits soar, farmers across Europe are warning of a slump in food production and rising prices as crops suffer as a result of extreme heat, drought and wildfires.
Olive groves have also been hit as the climate crisis drives temperatures across the continent to fresh record highs , meaning the cost of olive oil – already at elevated levels – is expected to start rising again.
[BP] prioritises paying shareholders over looking after workers and ordinary people whilst reaping a ‘war bonus’ because of the Iran conflict.
The war isn’t only a humanitarian disaster but an economic one for ordinary people, who have ended up paying the price of a ‘Trump Tax’ as the cost of energy rises.
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This summary was compiled from a public newswire feed. The original reporting is by The Guardian and remains their copyright — read it at the source.