Europe News
COP29: MEPs tough on climate finance, vague on fossil fuel phase-out
A cross-party compromise saw MEPs agree weak wording on the future of coal, oil and gas, but strong support for getting major polluters like China to contribute to a global support scheme for poorer nations, and sharp criticism of the choice of Azerbaijan as host country.
Business
BP's billion-dollar share buyback plan stays despite net profits fall
BP's net profit for the first quarter saw a further decline owing to weakened oil and gas prices. Despite this, the oil giant has reaffirmed its commitment to the share buyback plan of $3.5 billion in the first half of the year.