If you have just joined if You Havejustjoined us, you are in time for the Type Business stories. Its a busy time for earnings and the Oil Giant Bp will be revealing its latest results in an hour and a half. Oil prices hit their highest level in almost two years during the second Quarter And Refining margins have also improved significantly, so analysts are expecting solid profits this time from bp. But they will also be listening out for more news on Bps Transformation from a company that makes vast amounts of money from Fossil Fuels to an integrated Energy Company focusing on low carbon energy. Bp has committed to becoming a net zero company by 2050. Joining me now is nitesh shah, director, research, wisdomtree. Always good to see you. First of all, how much money do you think bp has made in the last quarter. Think bp has made in the last auarter. , think bp has made in the last auarter. ,. , quarter. Thanks for having me on our quarter. Thanks for having me on your show. Quarter. Thanks for having me on your show. Strong quarter. Thanks for having me on your show. Strong oil on your show. Strong Oil Prices, they have risen more than 70 in the past year and national Gas Prices in europe at an all time high, that has been very kind to bp, they have boosted their revenues and also its Refining Margins as well, so it is not only the pulling the oil out of the ground that has benefited, but the downstream, turning that oil into products and selling that there has also benefited in this environment, so we are expecting strong results from bp, as as well as the other other Oil Companies that have announced results last week. It announced results last week. It has had a rollercoaster few years, because you remember when the pandemic first kicked in Oil Prices sunk significantly as global demand fell off a cliff, but lets not talk about the future for bp, because it has a huge transformation ahead of it, so what will we hear about that . Amongst the big international Oil Companies, bp has been the most aggressive in terms of announcing a transition plans. Last year they mentioned that they want to be net neutral in terms of emissions by 2050. So far, if you look at all the international Oil Companies that have been selling lots of assets over the past five years, disposing of old oil types of assets, the pace at which they have been buying new assets to transition into the new world of renewables has been quite slow. Bp has made a few purchases over the past year, but the key time is now, how much will they buy assets going forward . If you look at what other Oil Companies have been doing, they have been announcing Share Buybacks and increase dividends, throwing money back at the investors, and somewhat drinking down their businesses. How will that be consistent with expanding their business into this new renewable environment that we will be seeing over the next few years . That is the key question. Few years . That is the key question few years . That is the key question. Few years . That is the key cuestion. , ~. ,. , question. You know, if you are a Fund Manager question. You know, if you are a Fund Manager and question. You know, if you are a Fund Manager and you question. You know, if you are a Fund Manager and you are i a Fund Manager and you are going to invest in one of these companies, which one would it be . I companies, which one would it be . �. , companies, which one would it be . ,. , be . I cant really give A Recommendation be . I cant really give A Recommendation on be . I cant really give a | recommendation on the be . I cant really give A Recommendation on the front, but it is clear that more and more investors are becoming environmentally and socially governance aware, and on that environmental side, governance aware, and on that environmentalside, i governance aware, and on that environmental side, i think thatis environmental side, i think that is becoming a increasing component of investors� decisions, so whoever shout the loudest i guess on this front, is the most forward with action on this front will probably capture a larger audience in terms of investors. Right now Oil Companies, big international Oil Companies are still big international Oil Companies, they have not yet made the transition. If they are preparing for the new world, the need to be able to Step Up the game a little bit faster. ,. ,. ,. , Step Up the game a little bit faster. ,. ,. , Step Up the game a little bit faster. ,. ,. , faster. Good to have you on the programme. Faster. Good to have you on the programme, and faster. Good to have you on the programme, and dont faster. Good to have you on the programme, and dont worry, l faster. Good to have you on the. Programme, and dont worry, we programme, and don� t worry, we won� t asking you for A Recommendation, that� s not something we don� t do on the bbc, just wondering which of the Big Oil Majors is attractive in terms of its green credentials. Now to travel and a proposal to create an Amber Watch List of countries at risk of moving to red in the uk� s Travel Traffic Light system has been abandoned a Government Source has told the bbc. It comes after the Prime Minister said he wanted a simple and balanced approach to pandemic travel. Mps and Travel Industry figures have been warning a complex system risked putting people off from travelling and this comes just days before the government reviews which countries are on which list. Joining me now is fiona cincotta, senior Market Analyst at city index. Good to talk to you. There is just so much discussion about these Travel Lists and criticism and the Travel Industry putting in their own recommendations, calling for more clarity, so it would seem we have a U Turn on this Amber Watchlist. We have a uturn on this Amber Watchlist. � , we have a uturn on this Amber Watchlist watchlist. Thats right. This will be really watchlist. Thats right. This will be really important watchlist. Thats right. This will be really important for| will be really important for the Travel Industry. Let� s not forget that the Travel Industry has been one of the hardest hit across the pandemic, we have had restrictions on flights and travelling tourism for the best part of the year and a half, and we have seen the results of travelling tourism companies, we had british Airways Owner Iag at The End of last week, and we saw they reported a 2 Euro Loss 2 Billion euros loss, Flying Atjust 20 of 2019, thats loss, Flying Atjust 20 of 2019, that� s a really small capacity, and that� s because of restrictions, quarantines, nerves over travel, so a more complex system as far as the travel and Traffic Light System is concerned would have hit these companies even harder, and it would have kept people from booking holidays. We do still have some of the summer left, there is still some optimism, that Medically System in place we might still get some saw in bookings towards The End of the summer, if the government is clear and people feel relaxed that they will be able to go on holiday and not have to come back to different restrictions on different quarantine measures, so this would be good news for the Travel Industry, if the government can keep this really simple. Government can keep this really simle. , government can keep this really simle. , ,. , simple. That is the question, if it cannot simple. That is the question, if it cannot cannot simple. That is the question, if it cannot cannot keep simple. That is the question, | if it cannot cannot keep things simple because with travel being restricted in terms of Uk Holidaymakers in france coming back, the role changing et cetera, despite the Amber Watchlist being taken away, many might still be very nervous about going overseas. That� s right, and i think that� s why many will be looking to the government for really clear guidelines and clarification, that even if they get that, i think there is still this level of Distrust And Uncertainty which could welljust put people off until next year. The Travel Industry will be looking for a pickup at The End of this summer, they really need that, that results coming through from the airlines, for example, who have not been encouraging these really are the last sort of hanging in there as far as their financials hanging in there as far as theirfinancials are hanging in there as far as their financials are concerned, they do need this big pickup, and so everyone will be looking very closely at what the government says on thursday as to whether we can get more clarity. To whether we can get more clari. ,. , clarity. Thanks for your time, aood to clarity. Thanks for your time, good to talk clarity. Thanks for your time, good to talk to clarity. Thanks for your time, good to talk to you. Australian Airline Qantas is standing down some 2,500 staff for at least two months, as Air Travel Numbers Slump due to lockdowns. Let� s go to Nick Marsh who� s following the story from our Asia Business Hub in singapore tell us more. These staff are mainly domestic tell us more. These staff are mainly domestic pilots, tell us more. These staff are | mainly domestic pilots, cabin crew, airport workers, and they are going to be stood down or furloughed, so they won� t lose their job, furloughed, so they won� t lose theirjob, but for the next two months at least they won� t receive a wage from qantas, they will have to apply for various Government Support schemes instead. That� s a bit controversial in australia because it was only yesterday that the government said it would be providing 100 Million to airlines to help them get through these latest lockdowns, and now you have critics and unions and qantas is basically jumping on this offer and workers are being consigned to a lower wage through no fault of their own, but it is true that it of their own, but it is true thatitis of their own, but it is true that it is a terrible time to be an Airline Carrier in australia right now. � s for the past 18 months or so, International Travel has been more or less band, i mean really banned. It� s really hard to get in or out of australia right now and qantas has been posting really big losses, 1. 5 billion this year, 2 Billion last year, and only where they managed to survive was this brief Air Travel bubble with new zealand, and domestic travel, but now you have these latest lockdowns, and both of these things have basically gone, it� s really had qantas� s Share Price in the last month, going down by 8 , and they have received a lot of money from the australian government, about 2 Billion so far, and it� s going to be really hard to see a way out of this because the Delta Variant continues to spread, cities continue to lock down, and only 15 of people in australia are vaccinated right now, so who knows when International Travel is going to resume. The Chief Executive of qantas as there will be a big rebound when it happens, but it will be a long way away and it will have to be a big rebound. And it will have to be a big rebound rebound. Nick marsh in singapore rebound. Nick marsh in singapore with rebound. Nick marsh in singapore with the rebound. Nick marsh in I Singapore with the latest rebound. Nick marsh in singapore with the latest on qantas. Let� s bring you some other business stories. Business leaders have welcomed the changes made to the Nhs Track and Trace App so that fewer contacts will be advised to self isolate following a close contact with a positive case. The app will look for contacts two days prior, rather than five, when someone without symptoms tests positive. Health secretary Sajid Javid said it would reduce disruption but still protect those at risk. An official examining a Landmark Amazon Union election in alabama, has recommended a rerun. Amazon appeared to have stopped a union from forming, winning a vote on the issue by a margin of two to one. The retail, wholesale and Department Store Union alleged that amazon had illegally pressured its workers. Amazon said it planned to appeal. Twitter will collaborate with two of the largest international news providers, reuters and the associated press, to debunk disinformation on its messaging site. The News Agencies will help twitter give more Context And Background information on events which create a high volume of tweets. Twitter hopes this will counteract the spread of misleading information. To stay with us here in bbc news, still to come. The finalfrontier, a massive growth sector, we will take a closer look at Make Up for men. The question was whether we wanted to save our people and japanese as well and win the war or whether we wanted to take a chance on being able to win the war by killing all our young men. The invasion began at two oclock this morning. Mr bush, like most other people, was clearly caught by surprise. We call for the immediate and unconditional withdrawal of all iraqi forces. 100 years old and still full of vigour, Vitality And Enjoyment of life no other King Or Queen in British History has lived so long, and the Queen Mother is said to be quietly very pleased indeed that she has achieved this landmark anniversary. This is a pivotal moment for the church as an international movement. The question now is whether the american vote will lead to a split in the anglican community. This is bbc world news, the latest headlines an Olympic Sprinter from belarus who was ordered home has been granted a humanitarian visa by poland and is due to fly to warsaw on wednesday. The International Olympic Committee announced an investigation. Norway� s Karsten Warholm beats his own World Record to win gold in the men� s 400 metre hurdles. There are a slew of Car Companies reporting their results this week. Stellantis, it� s brands include fiat, chrysler and peugeot, is reporting today, as is bmw. Then we� ve got general motors, Toyota And Honda on wednesday. So we should get a real sense of how the Car Making Sector is doing as we start to exit the pandemic. It� s widely reported the biggest issue is a shortage of the semi conductor chips, but this is seen as a temporary problem. The main challenge is the electrification of the industry as governments set limits for The End of Petrol And Diesel cars. Jim holderjoins us editorial director, What Car . And autocar. Good morning to you. Nice to see you again. Which will be the standout, do you think . I think you are probably looking to the premium brands, brands like the megawatts, for the merely standout figures. But i think overall we are seeing a positive trend despite the massive headwinds they have been facing into. 0bviously they have had 18 months to forget and the Chip Crisis is actually another low in the perfect storm but they seem to be managing their stock incredibly well. Running it down because they are building and it is being billed because of this Chip Shortage, they are focusing on the margin. The underlying trend is positive but it seems to be the premium makers or vehicle makers with presence in china where the market is articular strong. Which Car Companies are doing best in china . Still which Car Companies are doing best in china . Best in china . Still enters had a bit of a best in china . Still enters had a bit of a longterm best in china . Still enters had a bit of a longTerm Plan best in china . Still enters had l a bit of a longTerm Plan where a bit of a long Term Plan where state sales have collapsed. Stellantis. And some of the bigger makers, toyota, honda. Toyota is having a very strong year against its rival volkswagen. They are vying to be the biggest carmaker per volume. Toyota has pulled ahead, notjust because of. Box wagon was stunted a little bit because of its very own high standards because of the Chip Shortage but both are recording strong figures. And recording strong figures. And lets talk about let� s talk about electrification because many governments including the uk have set some quite tricky targets when it comes to elimination of sales of new Petrol And Diesel cars. Absolutely. They are all facing into this massive period of change, all of the carmakers. Still enters a couple of weeks ago announced it was investing 30 Billion between now and 2025 to go on this journey and to get itself to a point where at least it can be competitive. The money is being spent on five battery plants that it needs to build in order to power its cars in the future. It is moving its brands progressively between now and 2030 to be fully electric brands. Including 0pel and vauxhall. You start to be able to see the challenges they are facing, but of course it is not just about building the cars, they need the governments to support them in the journey to put the infrastructure in place so that when people buy the because they can use them properly and so on. There is a huge societal shift as well as a Car Making one under way. We shau a Car Making one under way. We shall keep a Car Making one under way. We shall keep a close eye. Talk to you again soon, jim, i� m sure. Thanks again for getting up so early this morning. Things are getting more expensive. Inflation, Shipping Lag times and a shortage of raw materials has been pushing the price of food, Travel And Transportation higher. But one sector that hasn� t passed it onto the consumer is alcohol, even though their costs have been going up. But that may not last for long as Samira Hussain reports. New York City and its economy are roaring back to life. People are out, eating and drinking. Alcohol sales hit record levels during the pandemic. Record levels during the Pandemic Record levels during the andemic. Y ~. Pandemic. My Drinking Increased b 5096, pandemic. My Drinking Increased by 50 . Easily. Pandemic. My Drinking Increased by 50 . Easily. By pandemic. My Drinking Increased by 5096, easily. By about pandemic. My Drinking Increased by 5096, easily. By about 25 by 5096, easily. By about 25 12596. Probably by 5096, easily. By about 25 12596. Probably maybe by 5096, easily. By about 25 12596. Probably maybe an 12596. Probably maybe an increase 12596. Probably maybe an increase of 12596. Probably maybe an increase of 10 12596. Probably maybe an increase of 10 3096 . 12596. Probably maybe an increase of 10 3096 . Im probably increase of 10 3096 . Im probably Drinking Increase of 10 30 . Im probably drinking five or six nights probably drinking five or six nights a probably drinking five or six nights a week now. Probably drinking five or six nights a week now. They may be in for a sober nights a week now. They may be in for a sober reality. Nights a week now. They may be in for a sober reality. The in for a sober reality. The beverages have become much more expensive to make. For over half a century, this family has been operating this vineyard on long island, two hours outside of new York City. Thousands of vines. The 500 acre property. The vineyard does not use pesticides which means the grapes attended to by hand. But Labour Shortages have forced the winery to spend more on the staff they do have an overtime Pgy Staff they do have an overtime pay. The price of glasses up 6 . Shipping costs have skyrocketed and delays in getting labels have meant longer lifetimes in getting the Product Product to market. All of this means that a bottle of wine has become much more costly to make and it is a cost that many wine producers just have to swallow. 50 that many wine producers ust have to swallowi have to swallow. So the industry have to swallow. So the industry as have to swallow. So the industry as a have to swallow. So the industry as a whole have to swallow. So the industry as a whole is l have to swallow. So the I Industry as a whole is not have to swallow. So the industry as a whole is not take to the Price Increase and fluctuation and also the consumer expectation. It would not be ready, would not be excited about a Price Increase because of the Labour Shortages in the area or things like that. ,. , that. Other industries that have high that. Other industries that have high consumer that. Other industries that i have high Consumer Demand that. Other industries that have high Consumer Demand and increasing Production Costs will often pass that on to the consumer. Wine is not one of them. Small Family Run vineyards have to get creative, finding other revenue streams. It is notjust wineries finding other revenue streams. It is not just wineries feeling the financial pressure. Breweries are also facing steep Price Hikes from cardboard to even the aluminium used to make cans. This brewery hasn� t had to raise their prices but that luxury may not last. At to raise their prices but that luxury may not last. Luxury may not last. At the Moment Luxury may not last. At the moment we luxury may not last. At the moment we have luxury may not last. At the moment we have been luxury may not last. At the| moment we have been able luxury may not last. At the. Moment we have been able to hold it off through Cost Cuts and savings in other areas but i think at a certain point the dam may break. They will be doing too many factors, you know, building up that wall, having to pass on some of that along to the consumer. The Cost Increases along to the consumer. The Cost Increases are along to the consumer. The Cost Increases are temporary along to the consumer. The Cost Increases are temporary and increases are temporary and prices will go back to normal eventually. If they don� t, the strong recovery may lead to a financial hangover for new york� s drinkers. Samaria hussein, bbc news, new york. The male Makeup Industry is a trend already firmly established in South Korea and it� s spreading west. The entire male personal Care Market is forecast to top 166 Billion by 2022, according to allied Market Research but that includes face creams and shaving gels. This is a long way off the female Cosmetic Industry which is worth over 530 Billion globally. But is this the start of a male Catch Up . War paint makes Make Up for men and has opened its first men� s Makeup Store on london� s Carnaby Street in the middle of a pandemic. Morning, danny. You are looking very groomed, if you don� T Mind me saying. Which we would expect, given what you do for a living. Just explain, you� ve started this business and you have a shop now. How has it beenin have a shop now. How has it been in the middle of a pandemic . Been in the middle of a pandemic . Obviously the pandemic. Pandemic . Obviously the pandemic, Noone Pandemic . Obviously the pandemic, noone could| pandemic . Obviously the i pandemic, noone could tell pandemic, no one could tell that was going to happen so i always had the idea of opening the store and i wanted to go through with it because for me, having a store on The Street was literally a dream a couple of years ago and i feel now is the right time to open a store and what we� re trying to do is and what we� re trying to do is a little bit different. It is not about selling product, it is all about an experience or interactive screens. We are doing things a little bit different hopefully will be the new face of what it will look like. ,. , like. High street retailers have been like. High street retailers have been under like. High street retailers have been under so like. High street retailers| have been under so much pressure. Did you have to sign a really long lease . Have you had to commit to the long haul for this . What was it likely go shading with the landlord for a space on The Street . I shading with the landlord for a space on The Street . Shading with the landlord for a space on The Street . I was keen on getting space on The Street . I was keen on getting carnaby space on The Street . I was keen on getting Carnaby Street. Space on The Street . I was keen on getting Carnaby Street. It on getting Carnaby Street. It is an iconic road every wire around the world. We signed a lease and it is a not a Pop Up shop little because we were doing things different because High Street was coming back to normal but i think people now had to do stuff different and i think we� re going to do that. What is your Selling Point and what do your clients want most . For me, what we try and do is really simple products in a simple way to even out the skin tone. It is not necessarily big right colours or contouring, this is about really simple products, to even out your skin tone. It is all about confidence for me. All i want to do, Make Up has been a big help for me because i� ve suffered from mental Health And Body dysmorphia and i have used Make Up to do with that to deal with that that i wanted to create a choice for men. Some guys might try the product and get confidence, like i have. It is different. Get confidence, like i have. It is different. Get confidence, like i have. It is different. Danny, sorry to interrupt is different. Danny, sorry to interrupt but is different. Danny, sorry to interrupt but im is different. Danny, sorry to interrupt but im just interrupt but i� m just wondering, are your clients worried about sustainability . About how you make your products, how green it is, packaging, that kind of thing . Of course. Every brand has to look at that sustainability. We are looking at new packaging now where everything is completely recyclable. That is a massive focus for us like anything in the market. find anything in the market. And what are anything in the market. And what are your anything in the market. And what are your hopes . It anything in the market. And what are your hopes . It hasj what are your hopes . It has been unbelievable. What are your hopes . It has been unbelievable. In what are your hopes . It has been unbelievable. In the l what are your hopes . It has l been unbelievable. In the last few years. I want to continue on this amazing journey and hopefully create a brand that guys will come through enough and try and make it a benefit like i have. Literally i am just enjoying everything i am doing. Just enoying everything i am doin. ,. ,. , just enoying everything i am doin. X just enoying everything i am doin. , just enoying everything i am doinu. ,. , doing. Good luck, danny. Great to have you doing. Good luck, danny. Great to have you on doing. Good luck, danny. Great to have you on the doing. Good luck, danny. Great| to have you on the programme. Founder of warpaint for men. As i say, just opened a store on Carnaby Street. Take you for your company and have a really lovely day. Of course we are across the olympics constantly for you here on the bbc so stay with us. See you soon. Hello. Sunny spells aplenty on tuesday, but there� ll be showers around, too. And in fact it� s going to stay quite showery for the rest of the week, and, if anything, it� ll turn even more unsettled towards The End of the week. Now, theJet Stream� s not on our side. We� re on the Cool Side of the jet. The Jet Stream separates the Cool Air from the north and the warm air to the south, and it also sends Weather Systems in our direction. So, actually much of western and Central Europe is feeling the effects of that Cool Air. You can see the yellows there, whereas the hot air is in place across the balkans, greece, turkey and into russia. In excess of a0 degrees there. Obviously not for us, not that we� d want it anyway. But this is what it looks like early in the morning on tuesday. A lot of clear weather, Sunshine Right from the word go, but quite nippy in the morning in some places. Around five degrees in rural spots. So, the Weather Map for tuesday shows that we� re in between Weather Systems. More Weather Systems out in the atlantic heading our way, but in between means that we� ll see those scattered showers here and there. Very light winds as well. Now, watch where the showers form, some across the south almost along these distinct lines here. Elsewhere, a lot of sunshine around, but if you� re caught underneath that area of showers, it could be very, very wet, Thunder And Lightning as well. But like i say, fine sunny weather for the majority of the uk, and temperatures getting up to around 20 or so. Now, the showers could linger into the evening hours for some of us on tuesday. Here� s a look at wednesday� s Weather Map, and there� s a weak Weather Front approaching from the west. It� ll bring some showers to parts of northern ireland, scotland, too, and there� ll be one or two showers breaking out elsewhere. But once again, plenty of sunny spells, so it� s really sort of All Or Nothing really over the next few days. Temperatures could get up to around 22 whether you� re in the south or the north. Now, towards The End of the week, so here� s thursday and friday, a low pressure is sitting on top of us. That inevitably means strengthening winds. They could be quite strong and gusty in the south of the country, and they will bring quite changeable weather. So, frequent showers on the way. Now, you can see the outlook, really not much changes overall for the foreseeable future. That� s it from me. Bye bye. Fairly quiet on the Weather Front this is bbc news. I� m Sally Bundock with the latest headlines for viewers in the uk and around the world. An Olympic Sprinter from belarus who was ordered home is granted a humanitarian visa by poland and is due to fly to warsaw on wednesday. Norway� s Karsten Warholm beats his own World Record to win gold in the men� s 400 metre hurdles. China is trying to contain its largest Covid Outbreak in months. Authorities in the city of wuhan say its entire population of 11 Million people will be tested for covid i9. The Travel Industry welcomes a decision by the Uk Government to abandon plans for a further change to its Traffic Light System for International Travel