i bring this up with you because i have asked bernard looney, why don't they put ev chargers at every station? gas stations all over the place but i can barely find a charger. you are pushing electric vehicles and you had an ad during the kickoff of football with the new kona about getting back into the commute. how do you convince buyers to switch to ev's when there is difficulty in charging especially when they get to work? in my garage, they charge me $20 today and that's the same as paying gas. >> the consumers are very smart. to your point about the kona, it's great autonomy. it's having great economics and great safety features and we are making efforts to satisfy our consumer base. for the time being, we offer on everything we sell, two years of complementary charging with an electrified america. and three years for the genesis brand. as we speak as we sign other agreements, we guarantee our customers will continue to have the best conditions in order to charge their vehicles. on top of that, we are thinking of potentially launching our own specialized in high level service cha

who will they talk to to replace bernard looney?mote from within and he was there for about 32 years and you will not usually have a ceo in the seat for three years. the pipeline to replace him, he was still young at 53 in the pipeline will not be there. maybe in 10 years you think about a pipeline. it's going to be pretty difficult. i was surprised at how many analysts were worried it would change the direction meeting investors were starting to buy this new direction which i found interesting. the transition has been very different from bp to the u.s. majors. guy: because of the uncertainty around this because it came out of left field and you don't know whether it will be in internal continuity candidate, you don't know if it's going to be external, maybe you recruit out of the united states and bring somebody and from there -- so many options on the table here, maybe an option for the board to take the company a different direction as well. they will talk to investors as well and you just don't know and that uncertainty creates

bernard looney has been at bp all of his professional life since the early �*90s.the top corner office behind me at bp's global headquarters. what's emerged is that, in may of last year, an anonymous source informed the board about allegations about his personal conduct with colleagues. now, the board looked into that at the time. mr looney admitted he'd had a small number of personal relationships. they looked into that and found there had been no breach of their compa ny�*s conduct. however, in the last couple of days, it's emerged that very recent allegations of a similar nature have emerged, and mr looney has admitted that he wasn't fully transparent with the board at the time of that first review, and so he has resigned with immediate effect. now, he has been credited with putting bp on a course to a greener future, although criticised in some quarters for dialling down those ambitions at the same time as making enormous profits here. but of course, it's not the first high—profile dismissal we've seen at a time where there has been increased, and some would sa

bernard looney has been at bp all of his professional life since the early �*90s.e spentjust underfour in the top corner office behind me at bp's global headquarters. what's emerged is that, in may of last year, an anonymous source informed the board about allegations about his personal conduct with colleagues. now, the board looked into that at the time. mr looney admitted he'd had a small number of personal relationships. they looked into that and found there had been no breach of their compa ny�*s conduct. however, in the last couple of days, it's emerged that very recent allegations of a similar nature have emerged, and mr looney has admitted that he wasn't fully transparent with the board at the time of that first review, and so he has resigned with immediate effect. now, he has been credited with putting bp on a course to a greener future, although criticised in some quarters for dialling down those ambitions at the same time as making enormous profits here. but of course, it's not the first high—profile dismissal we've seen at a time where there has been inc

the company said it had recently started its second investigation in two years into bernard looney�*sd not been fully transparent initially. mr looney has led bp since 2020. the firm says it has strong values which it expects everyone to follow. the duchess of sussex has joined her husband prince harry at the invictus games in germany. she made a short, impromptu speech at the sports event for injured military personnel and veterans, which her husband founded and launched in 2014. this year's competition will run until saturday, with participants from 21 countries. now it's time for a look at the weather with chris fawkes. hello there. i suppose a reversal of fortunes weather—wise. yesterday, scotland and northern ireland had the best of the day's weather, but today it's probably england and wales really enjoying the best of the dry weather with some sunshine coming through like here in staffordshire. across the northwest of the uk, though, low pressure is lurking in the atlantic and that is pushing ever—thickening cloud towards northern ireland and scotland, with rain already startin

the firm said bernard looney, who had led the company since 2020, was stepping down with immediate effectd an investigation into alleged relationships mr looney had with colleagues, its second investigation in two years. you're live with bbc news. uk rescue teams have been searching for survivors after the devastating earthquake in morocco, which has killed more than 2,900 people. more than 60 british personnel are on the ground with rescue dogs, but conditions have proved exceptionally difficult. bbc correspondent tom bateman joined a team in one of the worst hit villages in the remote high atlas mountains. good lad. searching for the scent of life. colin scours the ruins of one of morocco's most devastated mountain villages. we followed the uk's rescue team on a journey to the earthquake's epicentre, and this british crew — here to search for survivors — know they are working against all odds. yeah, unfortunately, colin — he's an experienced dog, he was in turkey earlier this year — he only goes on live scent. unfortunately there's been no indication, there's no interest. so, unfortunat

difficult time, but i think all attention has to now turn to who is the long-term successor for bernard looney. you know, will they look to a titan in the oil industry, someone well established to take that over? will they look intern hi to elevate someone within the executive team there to take over and steady the ship and propel bp for the next ten years. >> andrew, you did a great job answering my question for me. thank you for your thoughts on potential succession and appreciate you jumping on to share your thoughts with us. >>> well, sticking with oil markets, we have some fresh lines out of the iea, the international energy agency, they have kept their demand expectations unchanged. world oil demand maintaining on track led by resurgent chinese consumption, jet full, and chemical feed stocks. in terms of supplies. the cults will lock in a substantial market deficit through q4 of this year. in terms of russia, oil export revenues served by $1.8 billion to $17 billion in august, offsetting lower shipments. and finally just an acknowledgement that prices of oil have moved higher over the la

were seeing some major shakeup, bernard looney leaving the company.get a little more insight right now. that's going to be significant when it comes to the broader strategy and who better to walk us through it than will kennedy. let's start with that story. how does this strain the strategy? >> this resignation was a surprise and it did not reflect any unhappiness with his business performance but clearly he has run afoul of some relationships he had with colleagues. importantly it turned out that he had misled the board and i think no ceo can continue once the board feels they have been misled and that is what happened here. he has resigned with immediate effect. the cfo will take over in the interim but we don't know who will take over in the long term and until we do we don't know whether this means a change of strategy. kriti: does that actually have a reflection on how well bp has perhaps competed with some of its oil major partners in the u.s.? talk to us a little about bernard looney's tenure? >> it has been an interesting one. he took over and

this is coming from headlines from the financial times that bp chief executive bernard looney is setput in there in place to kind of help guide bp through an energy transition phase to turn it more from an oil and gas company into a diversified integrated energy company. this is, again, a source report citing people familiar with that decision for bernard looney to stand down. we have reached out to bp for comment around the move. we have not heard back. we will get back to you when we do hear something. but bp shares were volatile over the last 15 minutes or so. they were already up ahead of that, because of the rise in oil and gas prices. so we'll keep an eye on those moves there. but bp shares a little volatile now in afternoon trading on these headlines. back over to you. >> a big move. dom, thank you. our dom chu. >>> still ahead, speaking of energy, one etf is back to prepandemic levels. tcus, a package, a deal, and a bioin bifurcation all coming up. "the exchange" will be right back. ♪♪ we're not writers, but we help you shape your financial story. ♪♪ we're not an airline, but

the head of bp, bernard looney, has resigned.llows an investigation into what has been described as a small number of historical relationships with colleagues, prior to becoming ceo. just to repeat that breaking news, the head of bp has resigned after an investigation into what is being described as a small number of historical relationships with colleagues prior to becoming ceo. next, let's head to the u.s. and impeachment. this time, it is the republicans who have launched an inquiry into u.s. president joe biden. the most senior republican in u.s. congress is kevin mccarthy. he says his party has uncovered what he called serious and credible corruption allegations linked to mr. biden's son, hunter biden. no evidence has been presented. let's take a listen. >> that's why today, i am directing our house committee to open a formal impeachment inquiry into president joe biden. this logical next step will give our committees the full power to gather all of the facts, and answers for the american public. that is exactly what we want

the chief executive of the oil giant bp, bernard looney, has resigned with immediate effect.t his personal relationships with company colleagues. bp says mr looney has now said he was not �*fully transparent�* about those relationships when the company held an investigation. google is on trial this week, after the us justice department brought a claim against the company, stating they used their power to monopolise online search services. the trial is seen as a battle over the future of the internet, and whether governments can rein in the power of big tech. a federaljudge will decide the case, which is likely to last ten weeks. the former tennis women's world number one — simona halep has been banned forfour years for two doping offences. she had been provisionally suspended since testing positive for a banned drug at last year's us 0pen. she was subsequently charged with other irregularities and both charges have been upheld. halep said she intends to appeal. the most senior republican in the us congress has ordered house committees to begin an impeachment inquiry into pres

the firm said bernard looney, who had led the company since 2020, was stepping down with immediate effect some breaking news — reuters news is reporting that four people are dead, and 21 rescued after a migrant ship sank off a tunisian coast. we'll have more in the coming hours. in the us, democrat politicians have condemned the opening of a formal impeachment inquiry into president biden. the senior republican in the house of representatives, kevin mccarthy, said it would examine allegations of abuse of power and corruption. the democrat senator elizabeth warren argues the move is absurd. you know, look, this is the extremist republicans trying to figure out how they can use the business of the american people, doing the work we are supposed to do, as leverage to try and improve their political position. impeachment by the house is the first step in formal process to remove a president from office. but any effort to do that is unlikely to succeed. any impeachment vote requires a two thirds majority in the senate, which is currently held by the democrats, the president's own party. a litt

the energy company bp has announced the resignation of its chief executive bernard looney, stepping downlooney had set out a plan to make the energy giant net zero by 2050 but had more recently come under fire from environmental groups for watering down his initial targets.

the company said it had recently started its second investigation in two years into bernard looney�*sthe firm says it has strong values, which it expects everyone to follow. white back was exciting with new technology feels itself. there is always exciting when new technology reveals itself. apple has unveiled the latest version of its flagship iphone product. the iphone 15 will come with a usb—c port for the first time, to fall in line with upcoming eu rules. a move that some industry experts have warned could cause "mountains" of e—waste. our technology editor zoe kleinman has been taking a look. the theatre of a wealthy company well versed in performing for its fan club, apple has unveiled its latest iphone. we're so excited. you could join us today for some big announcements. it might not look vastly different to the ones already in the hands of millions. lots of the changes are hidden within the device, but one thing you'll notice straight away is the new usb—c charging point. under pressure from the eu, apple's had to ditch its own lightning cable in favour of the connector used

the head of bp, bernard looney, has resigned after an investigation into what has been described as ar of historical relationships with colleagues prior to becoming ceo. let's head to the us now and impeachment, this time it's the republicans have launched an inquiry into us presidentjoe biden. the most senior republican in congress is kevin mccarthy and he says his party has uncovered serious and credible corruption allegations linked to mr biden's son, hunter biden. no evidence has been presented. biden. no evidence has been presented-— biden. no evidence has been presented. let's take a listen. toda i presented. let's take a listen. today i am — presented. let's take a listen. today i am directing _ presented. let's take a listen. today i am directing our- presented. let's take a listen. | today i am directing our house committee to open a formal impeachment inquiry into president joe biden. this logical next step will give our committees the full power to gather all the facts and answers for the american public. that's exactly what we want to know. the answers. i believe the presi

the chief executive of the oil giant bp, bernard looney, has resigned with immediate effect.es. bp says mr looney has now said he was not �*fully transparent�* about those relationships when the company held an investigation. the budget retailer poundland has announced it will take on the leases of up to 71 wilko stores. it's expected to convert shops to the poundland brand and offer roles for wilko staff. the first wave of wilko shop closures are happening today, with more than 50 shutting by the end of the week. ajudge in pakistan has ruled that the five children found with the grandfather of sara sharif will be sent temporarily to a government childcare facility there. ten—year—old sara sharif was found dead at a house in england last month. the children had travelled to pakistan from the uk with sara's father, stepmother and uncle. you're live with bbc news. next we will look at north korea's leader kimjong—un next we will look at north korea's leader kim jong—un because next we will look at north korea's leader kimjong—un because he is off to meet vladimir putin. we don'

the company said it had recently started its second investigation in two years into bernard looney�*sitially. mr looney has led bp since 2020. the firm says it has strong values which it expects everyone to follow. the operators of the panama canal say they are considering further restrictions on the number and size of ships crossing daily because of a serious drought impacting the region. a total of 116 vessels are currently waiting to enter the canal, much higher than usual. here's our business reporter david waddell. the panama canal handles about 5% of global trade. now shipmasters traversing the canal one way or the other between the atlantic and pacific oceans save their vessels about 8,000 nautical miles of sea time, or 15,000 kilometers. the challenge is that every time a ship passes through, it costs the canal system about 190,000 tonnes of water bled from lake gatun, which feeds the canal. right now, that's simply unsustainable, especially with an ongoing drought in the region. some ships have been restricted in the number that can pass through. others are constrained by the

the ceo bernard looney had to step down overnight. the reaction is somewhat muted.e had gdp data coming in, also quite disappointing for the month of july. we're also watching inditex, spanish stock. that's down 2% as well, likely on the expectations they'll have to start cutting prices in the coming months. >>> and the story within europe is within the auto space. we saw a little bit of a green pop in automakers after the european commission president ursula von der leyen announced within the state of the union they're going to be launching an investigation into anti-subsidy investigations into chinese carm carmakers. >>> joumanna, thank you for that. >>> chipmaker arm holdings set to price its nasdaq listing after the close today with early reports suggesting it will go at the top of the range and fetch a valuation of more than $54 billion, and this morning yet another big name in tech says it wants a $100 million piece of that action. cnbc's senior tech reporter arjun kharpal joins us now. who is it? don't keep us in suspense. >> that's right. taiwan manufacturin

we saw the ceo of bp bernard looney stepping down this week over his undisclosed relations with colleaguesand therefore, this is part of a trend of multinational corporations adopting their eyes and cross energies in this post -- dotting their i and crossing their t's. kriti: let's go to real estate. ubs told staff it plans to house its investment banking operations at credit suisse's new york offices as it continues to integrate its form arrival, the unit which includes the firm's market division will be located at 11 madison ave in new york's flatiron district. really nice area i must say. asset measurement staff will remain at the existing ubs office in midtown new york. it was my first apartment, also a nice area. u.s. passenger airline shares sink by the most since july after american airlines and discount carriers warned that higher costs are hurting their bottom lines. american airlines/is the recorder earnings outlook on a jump -- third-quarter earnings outlook retroactive salary under new contract for pilots. discount carriers raise red flags about waning demand for domestic air t

bernard looney has been at bp all of his professional life, since the early �*90s.behind me at bp's global headquarters. what's emerged is that in may of last year, an anonymous source informed the board about allegations about his personal conduct with colleagues. now, the board looked into that at the time. mr looney admitted he'd had a small number of personal relationships. they looked into that and found there had been no breach of their compa ny�*s conduct. however, in the last couple of days, it's emerged that very recent allegations of a similar nature have emerged, and mr looney has admitted that he wasn't fully transparent with the board at the time of that first review. and so he has resigned with immediate effect. now he has been credited with putting bp on a course to a greener future, although criticised in some quarters for dialling down those ambitions at the same time making enormous profits here. but of course, it's not the first high profile wave of dismissal we've seen at a time where there has been increased and some would say overdue scrutiny o

. >> bp ceo bernard looney resigned yesterday.t year the board reviewed allegations about the relationships, some of which looney had disclosed that occurred before he became ceo. at the time bp said it found no breach of company code but they received further allegations and the company reported yesterday he was not fully transparent in his previous disclosures. the stock up by 1.6% that it could be totally consensual. it doesn't matter. >> i was thinking of steve easte easterbrook. >> i never had this problem. he's pretty good looking. we're fine, aren't we? me and you? >> sure. i don't know. >> awkward. anyway, when we come back -- >> it's good. >> that none of us are attracted to each other? >> i married my me-too problem. >>> when we come back, we talk about tractor supply and the consumer brand and impact of inflation. a reminder you can watch or listen to us any time and watch cn a.cpp we'll be right back. >> announcer: executive edge is sponsored by at&t business. next level moments need the next level network. copy that.

the head of bp, bernard looney, has resigned, saying he hadn't been "fully transparent" about his personalhat was quite a pair of oven gloves! a lovely morning out there for many. _ oven gloves! a lovely morning out there for many. a _ oven gloves! a lovely morning out there for many. a bit _ oven gloves! a lovely morning out there for many. a bit of— oven gloves! a lovely morning out there for many. a bit of sunshine l oven gloves! a lovely morning out i there for many. a bit of sunshine to put a spring in your step for the middle part of the week. this view a short time ago in the highlands. it will be a dry and sunny day for many of you. later on we will see the rain in the far north—west. we will start the spots of light rain and drizzle in the east anglia and south—east area. in northern scotland and northern ireland we have seen the coldest condition since the 8th ofjune. in fact —3 is the lowest temperature we have seen since the end of april. it is a chilly start for some, if you mist and fog patches around. it will cloud over native and outbreaks of rain. isolated showers potentia

bernard took the role as chief executive of the oil giant in february 2020. but in 2022, the company's board received allegations from an anonymous source about mr looney's relationshipsold admitted he did not give all the details on the matter for a top medic says the nhs is not sufficiently resilient. ahead of winter. dr. adrian boyle , who is a president adrian boyle, who is a president of the royal college of emergency medicine, says last winter was one of the worst on record for the nhs. he fears the health service could face a similar situation this winter, with 7.6 million people still on the waiting list in england under health secretary maria caulfield says the government recognises the pressures that winter is a challenging time for the nhs and social care because people naturally get more unwell with respiratory illnesses. >> with flu we've had covid in recent years but also staff get sick as well so that puts additional pressure on our services. so we're putting in our plans earlier than ever before with bringing forward our vaccination programme. so this week, vaccinations are starting in our care homes already next week they'll be open to the over 65 sec