Summary: FTSE 100 is down despite the announcement of new North Sea oil and gas licenses. Financial Conduct Authority (FCA) has undergone an overhaul for fair treatment of consumers. UK's largest banks are planning a £5 million advertising campaign to support customers with repayments. BT Group 's shares slipped after the announcement of Alison Kirkley as the new chief executive. Marshall 's share price plummeted following the news of 250 job cuts . Walmart acquires TigerGlobal 's investment in Flipkart for $1.4 billion, increasing its stake to over 80%. ScanCell 's share price rises as the company expa...

Summary: North Korea 's attempt to launch a military spy satellite ended in failure for the second time, as the rocket experienced problems during its third stage. The country's previous attempt in May also resulted in failure , with the rocket plunging into the sea. North Korea plans to retry launching the satellite in October, aiming to deploy its first military intelligence satellite. The failure comes shortly after talks between the U.S., South Korea, and Japan about joint military exercises to address North Korea 's threats. The ro...

Summary: U.S. President Joe Biden , South Korea n President Yoon Sik-yul, and Japan ese Prime Minister Fumio Kishida agree to deepen military and economic ties . Joint condemnation of China 's aggressive behavior in the South China Sea marks a significant move. Leaders commit to consult and coordinate during crises, focusing on information sharing and ballistic missile defense cooperation. Joint statement opposes unilateral attempts by China to change the status quo in the Indo-Pacific region. Beijing expresses concerns that strengthened U.S. t...

Summary: The United Nations warns of the era of 'global boiling' as climate change intensifies, making July potentially the hottest month on record. Recent wildfires in Europe and extreme temperatures in Asia and North America are clear signs of man-made warming, posing a threat to the planet. Experts emphasize the necessity of human behavior change to adapt to extreme weather and high temperatures, as failure to act will have dire consequences. The UK 's record-breaking temperatures in recent years underscore the urgency of the climate crisis, with scientists predicting even hotter conditions in the future. Global boil...

Powerful Cyclone Freddy heading towards Mozambique after hitting Madagascar – BBC News A powerful cyclone is heading towards Mozambique and battering Madagascar, where it killed five people. Cyclone Freddy is expected to make landfall on Friday between central and southern Mozambique, more than 500 kilometres north of the capital, Maputo, and could eventually reach Zimbabwe. These pictures show the damage inflicted to eastern Madagascar. Rooves were torn off buildings with power cuts and flooding. Amongst the five killed was a 27-year-old man who drowned as part of the flooding. I'm joined now by Kat Diel, an Emergency Coms Officer at Médicin Saint-François, who joins us from Noisy-Varica in eastern Madagascar. Thank you very much for joining us here on BBC World News. First off, I wonder if you could update us on the current conditions on the ground. Yes, absolutely. So as the ...

Summary: The cargo ship PIXAS Ocean embarks on a voyage equipped with wind wings to explore wind power's potential for reducing emissions and energy usage in shipping. Maritime industry leaders, including Cargill, have invested in the development of wind wing technology to accelerate decarbonisation efforts in an industry responsible for nearly 3 percent of global CO2 emissions. Simon Schofield, Chief Technology Officer at Bar Technologies, explains how wind wing sails function, highlighting their ability to optimize energy harvesting and reduce bot...

Ukraine War: Iran allegedly secretly supplying ammunition to Russia Russia is burning through ammunition in Ukraine. It means Russian industry is under pressure to produce more. Now claims have emerged that Moscow is also receiving help from a close ally. A source alleges that two ships transported a large amount of ammunition in January from Iran to Russia, paid for in cash. The security source told me the two ships are thought to have been carrying up to 100 million bullets and around 300,000 shells of varying sizes for different weapons like machine guns, grenade launchers, mortars. It's not been possible independently to verify the volume and one expert said it did sound quite high. But Iran is certainly suspected of supplying an amount of ammunition to Russia to help replenish stockpiles that are thought to be running low. Sky News' data and forensics unit looked into t...