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hello, i m sally bundock, here with your top business stories. let s start with oil, because crude prices have risen some 2% after saudi arabia and opec plus countries announced they would be cutting production to stabilise oil prices. saudi arabia said it would make cuts of one million barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around a0 % of the world s crude oil said they would cut production by some 1.4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. joining me now from vienna is cornelia meyer, who s the ceo of meyer resources. always lovely to see you. talk to us about these announcements. were you expecting these new cuts to come? i expecting these new cuts to come? . , , . ., come? i was expecting them and ou come? i was expecting them and you know. come? i was expecting them and ....
which is around 1% of global supplies. opec plus countries which account for around 40% of the world s crude oil said they would cut production by some 1 point 4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. here s our middle east correspondent sameer hashmi on some what can this mean for prices around the world? here s our middle east correspondent sameer hashmi on some of the fissures within opec plus, and the differing priorities of some key members. before the meeting started on saturday, it was widely expected that the whole group would make cuts deeper prices. but that didn t happen. saudi arabia was quite keen that the whole group implements those cuts from july, but as you were mentioning, a lot of members were not in favour of that because if they cut down production, it s going to impact their oil revenues, which is going to impact ....
barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around 40% of the world s crude oil said they would cut production by some 1.4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. sameer hashmi is our middle east business correspondent. let see how prices are faring just now. brent is currently up 1.5% so far in the day but keep an eye on it because there is a lot of volatility as you might expect as investors and traders try to work out exactly what the production cut could mean. sameer hashmi is our middle east business correspondent. perhaps not unexpected, this is what we expected, it cuts production and keeps prices up and we know how reliant many are on the revenue it creates but it will not go down well around the world. two creates but it will not go down well around the world. create ....
on both sides of the river. inundating settlements our russia editor steve rosenberg gave me the view from moscow. in the last out of the white house has been giving his opinion. here is john kirby from the national security council. john kirby from the national security council. john kirby from the national securi council. ~ , , security council. we ve seen reports that russia was security council. we ve seen reports that russia was responsible - security council. we ve seen reports that russia was responsible for- security council. we ve seen reports that russia was responsible for the l that russia was responsible for the explosion at the dam. which i would remind russian forces took over a legally last year and have been occupying since banned. we re doing the best we can to assess those reports and we re working with ukrainians to gather more information. we cannot say conclusively what happened at this point. conclusively what happened at this oint. , ., po ....
and virtual passport to paradise: why a remote pacific island nation is offering digital citizenship to people around the world. so, let s get down to business. we start here in the uk, where companies are begging the chancellorjeremy hunt to provide more support for business when he announces his budget next week. as it stands, firms face a sharp rise in corporation tax at the end of the month, just as government help with energy bills is scaled back and tax breaks on investment are phased out. on wednesday, the british chambers of commerce warned the uk risks falling behind its competitors if firms aren t given more help. the uk is the only g7 economy yet to recover to pre pandemic levels, and the bcc predicts that won t happen until the end of next year. our business editor simonjack reports. 450 a50 acres, 350 businesses, thousands of employees, this estate is one of the largest in europe and hosts a huge cross section of the businesses that government wants and needs to ....