was due to the changes made by the energy regulator. ofgem had raised the allowance suppliers can claim from household bills to make up for costs incurred during the pandemic. fossil fuel giant shell has said profits have fallen to $5 billion dollars, that s around 5.9 billion, in the second three months of the year as oil and gas prices fall. energy firms had been making record profits after russia s invasion of ukraine pushed up oil and gas prices. but wholesale prices have been falling from post invasion peaks. the firm said it had also been selling less fuel and making lower profits on refining. our business reporter peter ruddickjoins us. $5 billion for shell sounds like a lot of money but put that into context for us. we lot of money but put that into context for us. lot of money but put that into context for us. we are nearly 18 months on context for us. we are nearly 18 months on from context for us. we are nearly 18 months on from the context for us. we are nearly 18
stop these companies going bust and is controversial is because all of these three companies are involved in producing energy. in centrica s case, it produces a lot of gas and the others produce nuclear power and so on. so they have benefited from upstream energy prices. it is questionable whether it is fair to allow them to recover money from consumers when at least part of their business was making huge sums anyway. their business was making huge sums an a . ., ~ their business was making huge sums an a . . ~ , ., the british oil and gas giant shell said profits fell to 5.9 billion in the april to june period, partly due to the fall in prices. shell said it had also been selling less oil and gas and making lower profits on refining. the met office says 2022, which saw record breaking heat across the uk, will be regarded as a cool year by the end of this century.
uber recently reported a loss of $5.9 billion the firm said almost all of the loss was a result of the fall in the value of investments in businesses including two asian ride hailing giants china s didi and south east asia s grab. the united states is suspending tariffs on ukrainian steel for a year. the move comes as the biden administration looks for ways to help ukraine.the previous trump administration imposed a 25 percent tariff on steel imports from ukraine and many other countries back in 2018. a global shortage of computer chips and rising energy costs for manufacturers has led to fewer new vehicles rolling off production lines. the war in ukraine is also having an effect on production, with factories struggling to get hold of parts such as wiring systems that would normally come from the region. this all has all contributed to more buyers turning to the used car market. figures out today show the uk s used car market increased 5.1% in the first quarter of 2022
and i know there will be people watching this programme, because i have been e mailed by them who are really worried about the amount of time they are having to wait and the degree of pain that they are in. i want everybody to realise that all of us in the nhs realise that this is a very important issue. it is our moral obligation, and i use that word very deliberately, to basically ensure we get through these backlogs absolutely as quickly as we can. i would not want anybody to think that this is not absolutely very high up the list of priorities. brute this is not absolutely very high up the list of priorities. the list of priorities. we ust have time for h the list of priorities. we ust have time for one more the list of priorities. we just have time for one more briefly, - the list of priorities. we just have time for one more briefly, if - the list of priorities. we just have time for one more briefly, if i - the list of priorities. we just have i time for one more briefly, i
in thailand custom officials ceasing 88 million dollars worth of crystal meth hidden in packages headed for taiwan. allows country opening its first railway to china 642 mile railline cost 5.9 billion dollars. both nations say it will boost economic growth. in indonesia a volcanic blast earlier today killed one person injured at least 35. people were trapped in buildings as smoke and ash covered several villages. and in brazil mayor of rio de janeiro cancel new year celebration this amid concerns over the omicron variant which recently was detected in that country. and that is a look at some stories from around the globe. up next,