if you have just joined if you havejustjoined us, good to have you with us. we begin with the soaring cost of energy. as governments and central banks grapple with rising inflation and a cost of living crisis, the world s biggest oil company announces record breaking profits. the saudi oil company aramco revealed it made more than $48 billion in profits in the second quarter of this year. the eye watering sum marks a 90% year on year increase and the biggestjump in earnings for the world s largest energy exporter since its public listing three years ago. but what is the outlook for oil prices this year and beyond? the war in ukraine caused a significant spike in the price of energy worldwide prices have come off the highs reached earlier this year and now with fears of recession on the horizon in europe and other key economies globally, there are differing views out there as to where the price of the oil is headed. let s talk this through with craig erlam senior market an
welcome to bbc news. we start here in the uk, where millions of people face more travel chaos, as the biggest rail strike in 30 years continues. today s planned walk out by railway workers has gone ahead, after talks between the rmt union and railway employers broke down. the first day of industrial action on tuesday saw half of the rail network closed and 80% of services suspended. our transport correspondent katy austin reports. large parts of britain s railway have come to a halt again, overall, only about 20% of services will run, although in some places it is less. northern will operate fewer than 10%. where trains are running, services will start late and finish early. camelot lives in cheltenham where there are no trains at all today. she can t get to her part time job near bath, teaching english as a foreign language. if i can t get to work i won t have the income to face all the extra energy bills, etc, so i do need to get to work. five minutes do need to get to wo
hello and welcome. let s start with the war in ukraine, because the conflict has left millions stuck inside their homes without many crucial supplies. as a potential solution to the humanitarian crisis, uber has teamed up with the united nations world food programme to help it deliver emergency food and water supplies in war torn cities across ukraine. it s built the organisation a free version of the software it uses to co ordinate its own delivery services, and it s being trialled in the city of dnipro. the bbc s tech editor zoe kleinman reports. in some parts of ukraine, it s getting harder and harder to access food and water, but in a war zone, big delivery trucks can also be big targets, so now, the united nations world food programme is trying out a new way of delivering emergency supplies using a fleet of smaller vehicles. it s building its own delivery network using uber software and even some of its drivers. they can designate vehicles that they on board to the progr
Translation i would like to iterate our principal position, we will be ready to consider the possibility of reviving the grain deal, i told the president about it today and we would do it right away. As soon as all the agreements recorded on lifting sanctions on the export of russian Agricultural Products are lifted. Ukraines black sea ports are now effectively blockaded by russia, experts say it will have to rely heavily on its ports along the danube river to export grain into neighbouring romania from where it can be transported further afield as romanias ports remain open. For many countries the grain from russia has been critical, north africa where they have been experiencing drought that has been a real problem. To discuss whats at stake im joined by arnaud petit, council. Are you disappointed they could not Reach Agreement to day . There are considerations like financial transactions, we know that now it and cannot be happening just in well the Russian Agricultural Bank be recon