16:06
British Prime Minister arrived in Ukraine to sign a new agreement
British Prime Minister Keir Starmer arrived in Ukraine to sign a new security and trade agreement with Kyiv.
BP will reduce its workforce by over 5%, cutting 4700 jobs
Reuters
BP announced on Thursday, January 16, that it will reduce its global workforce by over 5%
BP announced on Thursday, January 16, that it will reduce its global workforce by over 5% as part of CEO Murray Auchincloss' strategy to cut costs and rebuild investor confidence. The company plans to eliminate approximately 4,700 employee positions and 3,000 contractor roles this year, as revealed in an internal memo. BP's shares rose 1.8% by 1110 GMT following the announcement.Auchincloss had previously stated that BP aimed to cut costs by at least $2 billion by the end of 2026 to improve returns and address concerns over its energy transition strategy.
The cuts also come as Auchincloss works to restore confidence after the sudden resignation of his predecessor, Bernard Looney, in September 2023, due to undisclosed relationships with employees.
The job reductions follow a comprehensive review of BP’s divisions, though the exact breakdown of the cuts has not been disclosed. BP’s total workforce is approximately 90,000.
10:02
UK minister resigns amid corruption allegations
Britain’s Minister for Financial Services, Tulip Siddiq, has resigned amid growing scrutiny over her financial ties to her aunt, former Bangladeshi Prime Minister Sheikh Hasina, and allegations of corruption. The resignation marks a setback for Prime Minister Keir Starmer’s government.
19:35
Middle East
British PM calls for Middle East peace this Christmas
British Prime Minister Keir Starmer expressed hope for Middle East peace and a brighter future, calling Christmas a time to focus on family, friendship, and unity.
18:25
Forestry England is testing a nature restoration method in North Yorkshire
In soils the right balance of fungi and bacteria is very important to maintain a healthy soil for both forests as well as agricultural lands. Due to intensive farming practices, we see that the fungal diversity and the population in soils have come down drastically.
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