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Ben PERRY AFP

Shell profit jumps as Mideast war fuels oil prices

Shell profit jumps as Mideast war fuels oil prices

British energy giant Shell announced Thursday rising net profits for the first quarter as the Middle East war sent oil and gas prices soaring in volatile trading. Profit after tax increased 19 percent to $5.69 billion in the January-March period from $4.78 billion in the first quarter

UK tackles electricity price link to world gas amid Mideast war

UK tackles electricity price link to world gas amid Mideast war

Britain's government Tuesday announced measures aimed at weakening the link between world market gas prices and the cost of UK electricity as the Middle East crisis fuels energy bills. The move heads plans by Prime Minister Keir Starmer's Labour administration to accelerate a clean-energy drive

European football clubs score with stadium rebuilds

European football clubs score with stadium rebuilds

On a former derelict dock in the British port city of Liverpool, fans of Everton throng eateries and bars at the football club's new stadium ahead of a Premier League match. Across Europe, where income from all-important domestic television broadcasting deals has stalled or even collapsed, major

Aston Martin slashes staff as US tariffs hit carmakers

Aston Martin slashes staff as US tariffs hit carmakers

British luxury carmaker Aston Martin Lagonda on Wednesday announced plans to cut up to 20 percent of its workforce after widening annual losses on US tariffs and weak Chinese demand. The job losses total around 600, with Aston Martin employing some 3,000 people, mostly in the UK. The carmaker,