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BP removes chairman Albert Manifold after ‘serious concerns’ over conduct
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Labor to announce easing of jobseeker mutual obligations requirements in major overhaul of employment system
Employment minister Amanda Rishworth plans to move system from a ‘one size fits all’ employment services model to three streams of supportGet our breaking news email, free app or daily news podcastThe Albanese government has flagged a major overhaul of Australia’s employment system, with minister Amanda Rishworth on Wednesday expected to outline plans to ease Centrelink’s much-maligned mutual obligations regime.Rishworth is expected to tell the National Press Club that mutual obligation requirem...
BP Ousts Chairman, Citing ‘Serious Concerns’ Over Conduct
The British oil group said that Albert Manifold had been removed, after concerns were raised “related to important governance standards, oversight and conduct.”
Hungary Holds Its Key Interest Rate With June Cut Seen in Play
Hungary’s central bank kept its key interest rate unchanged at the second-highest level in the European Union, before potentially weighing monetary easing next month.
Amazon fulfillment competitor Stord raises $250M at $3B valuation
E-commerce logistics company Stord has raised a $250 million round at a $3 billion valuation, it announced Tuesday. This doubles its valuation from a year-ago round. The new funding was led by Strike Capital with participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, and Bond.
Huge rise in factory-style dairy farming of ‘battery cows’ in UK as costs rise
Investigation finds number of dairy farms where cows cannot go outside has more than doubled since 2015There has been a huge rise in factory-style dairy farming of “battery cows” in the UK as farmers struggle with increasing costs and face selling milk at a loss.The number of intensive dairy farms that permanently confine some of their cattle indoors has more than doubled in the past 10 years, an investigation by the Bureau of Investigative Journalism (BIJ) has found. Data suggests there are now...
The new middle-class dilemma: You earn well, so why does life still feel expensive?
Young Indian professionals earn more than ever, yet face rising costs, unaffordable housing, and job insecurity due to AI. This new middle class grapples with maintaining a curated online image while managing internal anxieties about financial stability and professional relevance in a rapidly evolving economy.
Russia’s Key Black Sea Port Loads Crude After Ukraine’s Attack
Russia’s key Black Sea oil export terminal, targeted by Ukrainian drones over the weekend, is loading crude, according to satellite data.
US Premarket Movers for May 26, 2026
S&P 500 Index futures rise 0.6% as of 7:47 a.m. in New York as investors remained hopeful that the latest American strikes on Iran won’t derail talks to end the Middle East conflict.
Sales jump at homeware retailer Dusk despite pressure on shoppers
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SEBI Plans New Measures to Deepen India’s Corporate Bond Market
India’s capital markets regulator is working on measures to strengthen the local-currency bond segment as it seeks to cut companies’ reliance on bank loans and support the nation’s push towards a developed economy.
Orchestrating Your AI-Powered Supply Chain For Growth And Profitability
As supply chain disruptions intensify, AI-powered orchestration is helping organizations move beyond fragmented systems and reactive firefighting toward real-time coordination, faster decisions and more resilient operations.
Not Yet the Time to Go All-In on Long-End Yields, Sonal Desai Says
Sonal Desai, executive VP at Franklin Templeton Fixed Income, views the Federal Reserve as “very, very dovish” and says the market is not pricing in realistically what long-end yields would be. (Source: Bloomberg)
BP Removes Manifold as Chair on ‘Serious’ Governance Concerns
BP Plc’s board removed Chairman Albert Manifold from his role with immediate effect due to serious concerns about governance standards, oversight and conduct.
Greenbriar-Backed Applied Aerospace Seeks $682.5 Million in IPO
Applied Aerospace & Defense Inc., a space and defense engineering firm backed by private equity firm Greenbriar Equity Group, is seeking to raise as much as $682.5 million in an initial public offering, as companies in the sector rush to public markets ahead of SpaceX’s potential listing later this year.
Oil Rebounds After US and Iran Clash Near Hormuz | Bloomberg Brief 5/26/2026
Brent crude rebounds after US and Israeli jets struck Iranian vessels in the Strait of Hormuz, just hours after President Trump suggested peace talks were progressing. Katrina Dudley of Franklin Templeton discusses inflation risks and consumer pressure. (Source: Bloomberg)
JPMorgan’s Matejka Sees Stocks Overpricing Risk of Rate Hikes
Markets are overpricing potential central bank interest-rate increases, creating conditions for a rally in stocks with the lowest volatility like staples and utilities, according to strategists at JPMorgan Chase & Co.
Uzbekistan Resumes Gold Export With $1.5 Billion Through April
Uzbekistan, one of the world’s largest gold producers, has resumed full scale gold exports in April after a half-year pause.
Oil prices return to 100 dollars a barrel as US carry out strikes in Iran
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Oil prices return to 100 dollars a barrel as hopes of Iran peace talks wane
[{"id":1283448,"path":"/news/london/heatwave-london-weather-may-record-wildfire-buckingham-palace-b1283448.html","title":"London heatwave: Wildfire threat to Buckingham Palace as climate change 'turns Royal Parks into tinderboxes'","imageUrl":"https://static.standard.co.uk/2026/05/26/6/57/Buck-Pal-wildfires-NEW.jpeg","standfirst":"Exclusive: Royal Parks have exactly the ‘land cover types most susceptible to wildfire under drying conditions,’ say mapping experts"},{"id":1283609,"path":"/news/lond...