Oil Prices Surge and stocks tumble as barrage of missiles in the Middle East prompts supply fears in a region that accounts for a third of global oil production. Us Trade Paralysis dockworkers threaten to continue striking for as long as necessary with ports along the East And Gulf coasts remaining shut for a second day. Also on the programme, could technology bring extinct species back to life . We speak to the boss of a De Extinction Company hoping to resurrect the Woolly Mammoth. Live from london, this is business today. Lets start with the Middle East, where, as weve been reporting, israel has warned of grave consequences after iran launched a barrage of missiles at targets across the country on tuesday. Oil prices have been surging as traders fear a full scale regional war could disrupt Energy Supplies to the global market. Brent crude rose as much as 5 to 75. 40 a barrel in intraday trading. Lets Take A Look at the latest Oil Price now. Up up1. 36 , up 1. 36 , 74 up1. 36 , 74 and
Bloomberg. We are targeting parts of the business where we are not generating acceptable returns. Matt apple falls short. The iphone maker expects to miss its quarterly revenue goal because of the coronavirus. And bhp warns of a hit to Raw Materials demand and prices the virus fallout extends. We actually have glencore across the terminal here saying it is going to take a 2. 8 billion impairment charge. It sees the scope of three emissions falling by 30 over 15 years. Bit, 2. 4arketing a billion. Recommended 2020 base distribution of . 20 a share. That will be the dividend news. Carbon emissions falling, coal mines deplete. Glencore says it is watching coronavirus developments. The bottom line in terms of earnings before interest and taxes was 4. 15 billion the estimate was for 4. 07 billion. Doing a little better in terms of adjusted earnings before interest and taxes. We are also getting eu car sales. European car sales dropping 7. 4 in january as new taxes hit demand that is already
The intervention from the chief rabbi has prompted a leading Muslim Organisation to criticise the conservatives for their handling of claims of islamophobia in the party. In other news. Dont give this man your vote because of his brexit policy thats the message from former tory cabinet minister lord heseltine. A present senior minister hit back. Michael i think advised people to vote liberal democrat in the european election. So in that sense he is consistent. But i do think he is wrong on this. A bleak outlook, says the un on Climate Change. The world has to act much faster to avoid Dangerous Levels of global warming. Coming up on afternoon live, all the sport with ben croucher. Ho isato ho is a to lead Tottenham Hotspur at home for the first time tonight. He says he likes the love his fans give their side. And andy murrays thoughts on retirement. Thanks, ben. And another ben ben rich has all the weather. We have had some cloud and outbreaks of rain. It has been mild. That will change
Football association for his social media post about team mate Benjamin Mendy. Thank you. And darren has the forecast. The sun is out, chance to dry off today but there is a hurricane called lorenzo heading towards the uk. We will have a look at its history and where its going and what impact we can expect in the next few days. I shall see you later on here in the studio, thank you, darren. Also coming up tributes are paid to former itn and bbc newsreader and former question time host Peter Sissons, who has died at the age of 77. Hello, everyone this is afternoon live. Im simon mccoy. In his first Conference Speech as conservative leader, borisjohnson has called for compromise from brussels, saying the proposals he is putting forward to resolve the brexit deadlock are constructive and reasonable. The Prime Minister used his speech to confirm parts of his new offer to the eu. His proposed brexit deal is being briefed to eu Member States now. And will be formally presented to the negotia
70th anniversary. We look at the economic inequality fuelling the pro democracy movement. European shares are struggling this monday morning. While in asia shares were little changed overnight with no great reaction to the news that the us governemnt is considering Delisting Chinese Companies from its stock exchanges. And well be getting the inside track on being a Financial Success in a newspaper industry thats increasingly digital. The boss of the Financial Times group will be here a little later. As forever 21 files for bankruptcy we want to know if this means our fast fashion tastes are changing . Are consumers now opting to spend more on their clothes . 0r buy secondhand 7 let us knowjust use the hashtag bbcbizlive. Hello and welcome to business live. Welcome to the programme. We start in germany where one of the worlds biggest car makers volkswagen goes back to court today as the company once again faces the fallout of the diesel gate emissions cheating scandal. Hundreds of thous