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Business headlines. Us Investment FirmElliott Advisors has walked away from making a takeover bid for currys after being rejected by the retailers board in its own words multiple times. It had initially proposed an offer that valued the electricals chain at £700 million, and later raised it to 757 million. But currys rebuffed the approaches, saying they significantly undervalued the business. Currys could still receive a bid from chinasjd. Com, which said last month it was mulling an offerfor the firm. Earlier i spoke with russ mould, Investment Director at the stockbrokers aj bell. There is but it it will focus on what the two main shareholders in currys have got to say, redwheel and frasers. Any bid will have to get their approval and one can only assume that wasnt forthcoming this time. They said it underval ....
because oil producing countries agreed to continue cutting production basically to push up prices which seems to be working so far. saudi arabia said it would make cuts of1 million barrels a day injuly and 0pec+ said targets would drop by 1.4 million barrels per day from 202a. 0pec+ accounts for a1% of crude oil and let s get more for our middle east correspondent. it was widely expected before the meeting started on the weekend that 0pec+ would reduce oil production because it is hovering around $75 a barrel. there are concerns it could fall further with global economy struggling and demand wiggling. saudi arabia and some countries were really keen that the oil group goes ahead and makes another cut as a group but most countries were against that idea because any would cut the oil revenue crucial for their economies. saudi arabia was the only one who could make the cut and be able to manage its budget. why is saudi arabia keen to make these cuts? if you look at oil pri ....
hello, i m sally bundock, here with your top business stories. let s start with oil, because crude prices have risen some 2% after saudi arabia and opec plus countries announced they would be cutting production to stabilise oil prices. saudi arabia said it would make cuts of one million barrels per day injuly, which is around 1% of global supplies. opec plus countries which account for around a0 % of the world s crude oil said they would cut production by some 1.4 million barrels per day from the start of next year. but not all members of the cartel were happy, with nigeria and angola both wanting to raise production rather than cut it. joining me now from vienna is cornelia meyer, who s the ceo of meyer resources. always lovely to see you. talk to us about these announcements. were you expecting these new cuts to come? i expecting these new cuts to come? . , , . ., come? i was expecting them and ou come? i was expecting them and you know. come? i was expecting them and ....
in her speech, she said her country would give military aid to ukraine until it prevails in its war with russia. she also stressed her support for democracies around the world. now on bbc news click. although other colours of nature are available. oh, i can change the colour of my tree. we discover some highly unusual building materials. it is, in a sense, mould in here. that s the strangest case of rising damp i ve ever seen. no, the whole place is made of it. and spencer meets the man behind an icon. this is your baby. but as the ipod is laid to rest for good, we meet the robots built to break down your iphone. and also, cats big ones. a giant redwood the largest tree on earth. and this one s been laser scanned with lidar technology, capturing a sense of the endangered species so viewers don t have to physically visit california s sequoia national park to be inspired. it s beautiful. this digital art exhibition at london s barbican centre aims to get more people ....
that s the strangest case of rising damp i ve ever seen. no, the whole place is made of it. and spencer meets the man behind an icon. this is your baby. but as the ipod is laid to rest for good, we meet the robots built to break down your iphone. and also, cats big ones. a giant redwood the largest tree on earth. and this one s been laser scanned with lidar technology, capturing a sense of the endangered species so viewers don t have to physically visit california s sequoia national park to be inspired. it s beautiful. this digital art exhibition at london s barbican centre aims to get more people thinking about the interconnectedness of humans and nature, the materials we use in day to day design, and how to build cities that are fit for the future. at a time of extreme climate crisis, we ve got to consider all of these things if we re going to avoid an apocalyptic fate. this is one of the more controversial. the digital technology we have can create a sense of awe ....