BBCNEWS World Business Report July 7, 2024
in its latest operating profits, with soaring parts inflation hitting the bottom line. let's focus on the main business stories. president biden who has accused oil and gas companies of war profiteering and threatened them with a windfall tax. in the uk the focus will be on the oil giant bp. last week shell reported is second highest quarterly profit on record but it was not required to pay the uk windfall tax on energy firms due to making large investments in the uk. oil and gas prices began to rise and a surge since february after russia's invasion on ukraine resulting in bump up p...