and is thought to contain 500 million barrels of oil, which makes it the uk's largest untapped oil field. the plan has faced widespread criticism. last month, 50 mps and peers from all major parties raised concerns the oilfield could produce 200 million tonnes of carbon dioxide. so, the oil and gas that we get out of rosebank, it will be mostly oil because that is mostly what is left in the north sea. that won't be owned by the british public or the government, it will be owned by the company that gets it out of the ground, the oil and gas companies, and they will simply sell it to the highest bidder. so there is no guarantee that that oil and gas will end up in the uk, so there's no guarantee that it will help to lower our bills. therefore, there is going to be a lot of people cold and poorer this winter, wondering why we are having tax rates and subsidies out to oil and gas companies when they can't afford the gas bills. to the us now, where regulators are suing amazon, claiming the tech giant is illegally maintaining a monopoly over online sales. the federal trade commission says the firm uses "a set of interlocking, anti—competitive and unfair strategies" to push up prices and stifle competition. amazon said the lawsuit was "wrong on the facts and law". from new york here's our corresepondent erin delmore. it's a case that has been in the works for years under the watchful eye of ftc chair lina khan, who made her name in the antitrust world with a blockbuster 2017 legal paper detailing amazon's monopoly footing. on thursday, khan's ftc struck its widest blow against amazon, a sweeping lawsuit alleging the company stifled competition in its online marketplace. 17 statesjoined in. the lawsuit challenges a bunch of amazon's business practices, including prioritizing its own products in search results ahead of ones by third party sellers, and anti discounting measures that ensured sellers list their lowest prices on amazon, and requiring sellers to use amazon's network of delivery services as a condition of being included in its popular prime subscription service. rivals, according to the ftc, just couldn't compete. but amazon rejected those accusations, saying that the low prices and fast delivery that customers enjoy are thanks to those very practices. amazon's share price fell on the news, but is still up year to date. the case is the latest in a wide ranging effort in washington to rein in the power of big tech, and the fourth targeting amazon directly. this new case is expected to take years to work its way through the courts. and, while the ftc says it's seeking an injunction blocking amazon's "unlawful conduct", it also raised the specter of a restructuring. the fashion retailer h&m has announced it could start cutting prices as inflationary pressures ease. the company's latest quarterly results showed a big leap in operating profit betweenjune and august compared to last year. h&m has been working hard to boost profit margins, by announcing some store closures and, as we recently reported, charging some customers for online returns. let's dig into those results. with me now is beth bloomfield, a senior retail analyst from retail week. is this good news for shoppers? abi possibly going to see the start of more price wars, may be bringing prices down?— more price wars, may be bringing prices down? yes, i think so. h&m has been focused _ prices down? yes, i think so. h&m has been focused on _ prices down? yes, i think so. h&m has been focused on its _ prices down? yes, i think so. h&m has been focused on its supply - prices down? yes, i think so. h&m i has been focused on its supply chain efficiency and also how loyalty pans out for its members. it you turned on customers being charged for returning orders to their stores, and its loyalty proposition means that those customers are benefiting. yes, that whole policy of charging, i mean they got a bit of backlash for that. they are not the only retailer to have done it though. i suppose, show they have to be a bit clever here with tactics because what they need to save money but not take shoppers for granted. i what they need to save money but not take shoppers for granted.— take shoppers for granted. i think so. lots take shoppers for granted. i think s0- lots of _ take shoppers for granted. i think so. lots of consumers _ take shoppers for granted. i think so. lots of consumers are - take shoppers for granted. i think so. lots of consumers are waking | take shoppers for granted. i think i so. lots of consumers are waking up to fact that they are price sensitive with the cost of living crisis, but retailers are trying to balance their operating profits, so it is a sort of catch 22 in my eyes, where retailers are having to rein in their spending, but consumers are not always going to be happy. closing stores is never a good look, but in this case it feels almost like they are trying to streamline. some of these stores were not performing extremely well. is there some merit in focusing on the strong performance?— performance? yes, i think so. going forward, performance? yes, i think so. going forward. they _ performance? yes, i think so. going forward, they said _ performance? yes, i think so. going forward, they said store _ performance? yes, i think so. going forward, they said store closures - forward, they said store closures will be less. they have broadened their store offer, they have opened stand—alone beauty stores, and they are about to launch second hand in the regent street store next month which will be promising for customers who are conscious about what they wear. in customers who are conscious about what they wear-— what they wear. in general, this is another barometer _ what they wear. in general, this is another barometer of _ what they wear. in general, this is another barometer of the - what they wear. in general, this is another barometer of the high - another barometer of the high street, we heard from next recently as well, do we feel like we are turning a corner on the high street with sales are picking up and people feeling that they have got a bit more money to spend?- feeling that they have got a bit more money to spend? yes, i think so. h&m more money to spend? yes, i think s0- h&m have _ more money to spend? yes, i think so. h&m have weathered _ more money to spend? yes, i think so. h&m have weathered a - more money to spend? yes, i think- so. h&m have weathered a tumultuous storm with the exit from russia, they are now redefining what their brand proposition is. going forward, consumers are feeling fairly comfortable going into the golden quarter. comfortable going into the golden auarter. ., ~' , ., comfortable going into the golden auarter. ., ~' �* comfortable going into the golden uarter. ., ~' �* �* quarter. thank you, beth bloomfield, senior retail— quarter. thank you, beth bloomfield, senior retail analyst _ quarter. thank you, beth bloomfield, senior retail analyst from _ quarter. thank you, beth bloomfield, senior retail analyst from retail- senior retail analyst from retail week. we need more female role models in the workplace. that's according to vivien wong, the co—founder of little moons, the ice cream snack maker. the entrepreneur spoke to the bbc for the latest in our series, "paths to success". one thingi one thing i wish i knew before i started running my own business is just how all—consuming it can be, in the most wonderful way. this is your baby, you live and breathe it. some of the hurdles specific to little moons that we faced is growing too quickly, so women went viral on tick—tock we weren't ready to meet the demand that suddenly came our way, so you just have to be ready to pivot and do everything you can to adjust your strategy, pull in your team, can to adjust your strategy, pull in yourteam, and can to adjust your strategy, pull in your team, and just be agile in how your team, and just be agile in how you respond to unexpected events. —— when we went viral on tiktok. i feel like there's a few much of responsibility to effect change. i have tried to be a bit more human about allowing people time of four were, for children, family, just life. i ask everyone to ask for pay rises, because i didn't have the confidence to ask when i worked for a corporation. it is really important for me to set an example, and with my mum, she started a bakery back in the 70s and in that time there were no labour laws to support women when they had children so she had no choice but to start their own business. women starting their own business. women starting their own business. women starting their own businesses is such a force for good. women's confidence is deftly something that limits us and we need to build our own self—confidence, self belief, and we also need role models from a diverse background, age, ethnicity. if you can't see it, you can't beat it. so we really need more female role models so that women can see that can do it. let's now head down under where the cost of living is going up. australia's inflation accelerated in august, driven by a surge in fuel prices, but the good news is the gain was in line with expectations and a measure of core inflation eased. some economists now predict this makes another hike in interest rates less likely. here's our sydney correspondent phil mercer i don't think most australians will need these official figures from the bureau of statistics to realise that many things seem to be getting even more expensive. in the year to august, inflation in this country rose by 5.2%, and the villains in the piece, if you like, were fuel, up the piece, if you like, were fuel, up ijy the piece, if you like, were fuel, up by more than 9%, housing costs, up up by more than 9%, housing costs, up as well, and along with food and insurance premiums. for many australians, the cost of living pressures are continuing. the government believes that these monthly inflation figures are far more volatile than quarterly numbers, and the labour government here in australia believes that inflation is moderating. so, for the year to august, inflation up by 5.2%, and as it stands, the peak of inflation in australia in recent times was last december, when inflation stood at 8.4%. so certainly, things a lot better today than they were at christmas last year, but still a lot of concern about where inflation is heading, and crucially, what the reserve bank of australia will do, and its board members are due to meet on tuesday next week. plenty of other business news. the social media app �*x', formerly twitter, contains the biggest amount of disinformation of the six big social networks. that's according to a study by the european commission. over 6,000 unique social media posts were examined across facebook, instagram, linkedin, tiktok, x, and youtube. the content came from three countries — spain, poland and slovakia — all deemed particularly at risk to disinformation. trouble for donald trump after a new yorkjudge ruled he "repeatedly" misrepresented his wealth by hundreds of millions of dollars to banks and insurers. the decision resolves the key claim made by new york's attorney general in her civil lawsuit against the former president. it's a major blow for mr trump, before the case goes to trial next monday. he has announced that he will appeal the ruling. and in hollywood, writers are set to return to work later today after five months of strike action. their union, writers guild of america, reached a contract agreement with the major studio bosses after marathon talks over the weekend. the deal includes pay raises and protections around the use of artificial intelligence. no happy ending just yet —the wga's 11,500 members still have to vote to ratify the deal. the european court of human rights has begun hearing a landmark case brought by a group of young people from portugal who accuse governments of not doing enough to stop global warming. they want the court to force more than 30 governments across europe to take stronger measures to cut emissions. the young people say global warming threatens their physical and mental well—being, citing the heatwaves and wildfires affecting portugal in recent years. indonesia has banned goods transactions on social media platforms in a new regulation that aims to rein in direct sales by major tech firms — it says are harming millions of small businesses. government officials in recent weeks called for social media and e—commerce to be decoupled, targeting platforms they say engage in monopolistic practices that threaten offline sellers. the chinese—owned app tiktok has been blamed in particular. plenty of business news then. don't forget, you can get in touch with me and some of the team on twitter, i'm @ marc ashdown. goodbye for now. a lot has changed since he started his apprenticeship in 1963.- his apprenticeship in 1963. harold macmillan was _ his apprenticeship in 1963. harold macmillan was promised. - his apprenticeship in 1963. harold macmillan was promised. getting| his apprenticeship in 1963. harold - macmillan was promised. getting the lights back on was what it was all about. we all rely on it nowadays, don't we? he about. we all rely on it nowadays, don't we? , ., ., ., , , don't we? he is 75 now, and has been workin: don't we? he is 75 now, and has been working on — don't we? he is 75 now, and has been working on the _ don't we? he is 75 now, and has been working on the overhead _ don't we? he is 75 now, and has been working on the overhead power- don't we? he is 75 now, and has been working on the overhead power lines. working on the overhead power lines across kent and sussex for 60 years. i thought i would be long gone by now. i thought the grim reaper would have come calling by now! but there we are. i’m have come calling by now! but there we are. �* , �* , we are. i'm still here. he's absolutely _ we are. i'm still here. he's absolutely incredible, - we are. i'm still here. he's absolutely incredible, and| we are. i'm still here. he's i absolutely incredible, and to we are. i'm still here. he's - absolutely incredible, and to think that he _ absolutely incredible, and to think that he still does the job he does. we haven'i— that he still does the job he does. we haven't seen anybody else older and still_ we haven't seen anybody else older and still going, working at height like he _ and still going, working at height like he does. still keeping the youngsters in check. the biggest moment of _ youngsters in check. the biggest moment of his _ youngsters in check. the biggest moment of his career _ youngsters in check. the biggest moment of his career was - youngsters in check. the biggest moment of his career was the i youngsters in check. the biggest i moment of his career was the great storm in 1987. it took almost three weeks to completely restore the power. weeks to completely restore the .ower. , ., , ., weeks to completely restore the .ower. , . , ., ., ., ~ power. devastating for the network. you know, power. devastating for the network. you know. it — power. devastating for the network. you know, it brought _ power. devastating for the network. you know, it brought lines - power. devastating for the network. you know, it brought lines down, i you know, it brought lines down, pole snapped off, transformers on the ground. it was a majorjob to get all rebuilt. it’s the ground. it was a ma'or “0b to get all rebuilti get all rebuilt. it's clear that nothin: get all rebuilt. it's clear that nothing will _ get all rebuilt. it's clear that nothing will be _ get all rebuilt. it's clear that nothing will be stopping i get all rebuilt. it's clear that nothing will be stopping him get all rebuilt. it's clear that i nothing will be stopping him any time soon. i nothing will be stopping him any time soon. ., ., nothing will be stopping him any time soon-— nothing will be stopping him any time soon. ., ., , ., , ., time soon. i have no plans to retire at the moment. _ time soon. i have no plans to retire at the moment. so _ time soon. i have no plans to retire at the moment. so i _ time soon. i have no plans to retire at the moment. so i will— time soon. i have no plans to retire at the moment. so i will keep i at the moment. so i will keep plodding on. free speech is meaningless and unless you let people you don't like to speak. unless you let people you don't like to seak. �* , to speak. after winning people were so roud to speak. after winning people were so proud and _ to speak. after winning people were so proud and it— to speak. after winning people were so proud and it was _ to speak. after winning people were so proud and it was so _ to speak. after winning people were so proud and it was so intense. i i never thought i would be a famous movie person. hello from the bbc sport centre. the ryder cup gets underway on friday in rome. it will be the first tournament since the start of the breakway liv golf series. brooks koepka is the only rebel golfer taking part on the us team, europe made the decision to exclude liv golfers from their team, so no ryder cup legends sergio garcia, lee westwood and ian poulter. rory mcilroy was asked about that this morning. it is certainly a little strange not having them around, but i think this week, of all weeks, it will hit home with them that, you know, they are not here. you know, i think they are going to miss being here more than we are missing them. i'm not

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