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BP’s CEO urged Prime Minister Burnham to prioritize UK oil and gas production, even as the company prepares to exit the North Sea after 60 years of operations in the aging basin.
Paramount Skydance raised full-year profit guidance after beating revenue expectations in the second quarter, with streaming gains offsetting continued linear TV weakness. CEO David Ellison expressed confidence the proposed Warner Bros. Discovery merger will close despite ongoing antitrust litigation.
Sainsbury’s has agreed to sell Argos to Swift Partners for £120m as it focuses on its core grocery business. The deal, expected to complete in February next year, will transfer nearly 14,000 staff and maintain Argos operations within Sainsbury’s stores.
Chancellor John Healey and Prime Minister Andy Burnham have instructed cabinet ministers to remain within existing spending limits while implementing new policy pledges ahead of the October 28 Budget.
Microsoft has raised Xbox Series X prices by £170 and Series S prices by roughly 43%, citing rising memory and storage chip costs as the primary reason for the increases.
Auto manufacturers including Stellantis are introducing low-speed electric vehicles priced around $15,000, betting Americans will embrace smaller, affordable transportation options amid ongoing auto industry affordability challenges.
