UK manufacturers hit by largest drop in orders since 2020; Oil price jumps after Rosneft and Lukoil sanctioned – business live

The US has taken a significant step by imposing sanctions on Rosneft and Lukoil, Russia's largest oil companies, in response to President Putin's refusal to end the ongoing war in Ukraine. This move by the Trump administration aims to increase pressure on the Kremlin to engage in negotiations, highlighting the US's commitment to supporting Ukraine and holding Russia accountable for its actions. Such sanctions could have far-reaching implications for the global oil market and international relations.

England's water companies have received their worst-ever score regarding pollution, with Thames Water, the largest water company in the UK, being rated just one star. This alarming rating highlights significant concerns about water quality and environmental responsibility, prompting discussions about the need for stricter regulations and accountability in the industry.

Storm Benjamin has moved east, leading to a reduction in weather warnings across the UK. This shift is significant as it lessens the potential impact on communities, allowing residents to breathe a sigh of relief. The easing of the storm's effects is a welcome change, highlighting the importance of timely weather updates for public safety.

A group of retired military leaders is advocating for renewable energy investments to be classified as part of national defense budgets. They argue that the climate crisis poses significant threats to national security, particularly from aggressors like Russia. By reallocating funds towards low-carbon power, countries like the UK can enhance their resilience against these threats. This approach not only addresses climate change but also strengthens national security, making it a crucial conversation for policymakers.

Mark Killick, a notorious cowboy builder, has been found guilty of defrauding customers out of £1.25 million by charging for home renovation work that he left unfinished. This case highlights the ongoing issue of fraudulent builders in the UK, leaving many homeowners in distress and financial turmoil. It's a stark reminder for consumers to thoroughly vet contractors before hiring them.

In a recent statement, Trump expressed skepticism about the effectiveness of talks with Putin, noting that they 'don't go anywhere.' This comes as the US imposes new sanctions on Rosneft and Lukoil, Russia's largest oil companies, in response to the ongoing conflict in Ukraine. These sanctions are significant as they aim to pressure Russia economically, highlighting the US's commitment to supporting Ukraine and holding Russia accountable for its actions.

Oil prices surged following President Donald Trump's announcement of new sanctions against Russia's largest oil producers, Rosneft and Lukoil. These sanctions involve freezing assets in the US and prohibiting American companies from engaging in business with these firms. This move is significant as it not only impacts the Russian economy but also affects global oil markets, potentially leading to higher prices for consumers and businesses alike.

A new bill aimed at granting legal rights to nature has been introduced in the UK, backed by prominent campaigners Chris Packham and Natalie Bennett. This initiative seeks to establish a legal duty of care for the environment, emphasizing that true economic progress and social justice cannot be achieved without respecting the natural world. This proposal is significant as it could reshape how businesses and governments interact with nature, potentially leading to more sustainable practices and policies.

A troubling incident has come to light where U.S. law enforcement agencies circulated false rumors about the Venezuelan gang Tren de Aragua allegedly planning to attack police officers. This misinformation, which spread rapidly, was later acknowledged by the FBI as incorrect. This situation raises serious concerns about the reliability of intelligence shared among law enforcement and the potential consequences of such unfounded claims, highlighting the need for better verification processes to prevent panic and mistrust within communities.

In the second men's one-day international match between Australia and India at Adelaide Oval, Australia needs 265 runs to secure a victory. The match is currently underway, with India starting cautiously against Australia's Josh Hazlewood, who has previously troubled their top order. This game is significant as it showcases the competitive spirit between two cricketing giants and could influence the series outcome.

The Women's Cricket World Cup match between India and New Zealand is currently underway in Navi Mumbai, with India aiming for a semi-final spot. As the game progresses, players like Smriti Mandhana and Pratika are on the field, showcasing their skills. This match is significant as it not only highlights the growing popularity of women's cricket but also the competitive spirit of the teams involved.

European leaders are gathering in Brussels to show their unwavering support for Ukraine, meeting with President Volodymyr Zelensky amid ongoing challenges with US peace efforts regarding Russia. This meeting is crucial as the EU has introduced a new sanctions package against Moscow, which includes a ban on Russian liquefied natural gas by 2027 and restrictions on oil tankers and Chinese refineries. Additionally, leaders are considering using frozen Russian assets to provide a significant €140 billion loan to Ukraine, which Zelensky is advocating for urgently. This support is vital for Ukraine's stability and resilience in the face of ongoing conflict.

Chancellor Rachel Reeves is set to unveil her economic plans in her second Budget on November 26. This event is significant as it will outline the government's financial strategy and priorities, impacting various sectors and the overall economy.

In a recent statement, Trump expressed skepticism about the effectiveness of talks with Putin, highlighting the ongoing tensions in Ukraine. The U.S. has responded by imposing new sanctions on Rosneft and Lukoil, Russia's largest oil companies, as a measure to pressure Russia amid the conflict. This move underscores the seriousness of the situation and the U.S. commitment to holding Russia accountable for its actions.