Why are oil company profits so high?

Why are oil company profits so high?

Oil companies are seeing their profits spike as the Iran war continues, but President Trump says they're making too much money. So why are profits so high? Sarah Rogers takes a look. Plus, how would you feel if the government was allowed to access data from your phone? US tech giant Apple has confirmed it has launched a new legal complaint against the UK government for trying to do just that.

Blues on the Danube

We explore the impact of the Danube river running at its lowest level in decades on freight, car production and nuclear reactors in the area. Elsewhere in a big few days for the media sector, we explore why superheroes are back, the latest on the sale of Electronic Arts and why Netflix is going into short form content. Also, why one of Europe's most wanted drugs fugitives is living freely and with government protection in west Africa And how Japan and the US have carried out a rare joint intervention to prop up the Yen PHOTO CREDIT: (REUTERS/Marton Monus)

Ukraine takes aim at Russia's economy

Ukrainian drone strikes hit Wildberries warehouses across Russia, with 16 distribution centres damaged or destroyed in the past fortnight. As the country's biggest online retailer faces disruption and a Lukoil oil refinery is also hit, we examine why Ukraine is targeting Russian business infrastructure. Also, oil prices rise after Iran stops two vessels attempting to leave the Strait of Hormuz. We ask why crude has not surged even higher, and look at how China's hidden oil reserves have helped limit the impact on global markets. FIFA faces a growing backlash over plans to sell minority stakes in a new commercial entity controlling future tournament rights, with UEFA, other federations and senior figures inside FIFA pushing back against the proposal. Plus, we examine the collapse of an AI-focused hedge fund once valued at $45 billion, led by 24-year-old tech entrepreneur Leopold Aschenbrenner, after its assets were bought by a rival firm for less than $10 billion. Image Credit: STRINGER/EPA/Shutterstock

FIFA fallout: 'What's wrong with wanting to make money?'

Asian markets rebound strongly after a turbulent week for some of the world's biggest chipmakers. We look at what's behind the turnaround and whether investors are still worried about AI spending. Also, opposition grows to FIFA's plans to sell stakes in the World Cup to private investors. And another Ukrainian drone attack targets Russia, while China's factory activity unexpectedly contracts.

UEFA Shows FIFA the Red Card

We hear why UEFA is threatening to boycott future World Cups in a major showdown with FIFA over plans to create a new commercial entity to run its tournaments. As the row intensifies, we'll ask what it means for the future of football's biggest business with the New York Times' Tariq Panja. Also, the BBC's Nawal Al-Maghafi reports from Iran after a new wave of US strikes, looking at the impact on a country already facing deep economic and security pressures. And we look at Washington's move to restrict Chinese-made robots from entering the US market on national security grounds, and what it means for the future of automation and global trade. Photo Credit: Reuters