you think it's guyana's turn? it's absolutely guyana's turn.hamedly, unabashedly. it is our time and we deserve to be developed. smith creek, in the remote north—west of guyana hardly looks like it's in the world's fastest growing economy. from here, it takes almost two hours of canoeing to find drinkable water. this is home to indigenous warao people, most of whom subsist on farming and fishing. what kind of fish have you got today? taras and basha. is it good? yes. it's saturday morning, fish market day. pretty busy around here. and being in this place makes you realise just how reliant these communities are on the produce of the local rivers and the sea. nearby shell beach is a globally significant ecosystem. guyana's offshore oil is being pumped from the seabed far beyond this horizon. but were there to be a spill, here is where it would have a devastating impact. and that is a 24/7 concern for conservationist annette arjoon. if there were a major oil spill, the four species of marine turtles that nest in the 100km stretch of shell beach wo

chevron has said they would pull out of the deal if hess�* guyana stake was not included.tween mining giants bhp and the uk�*s anglo american. so far, both companies have failed to make progress on terms for $49 billion deal. but the clock is ticking, as the deadline for negotiations will expire at 5pm london time on wednesday. that�*s midnight for us here in singapore. let�*s turn to sri lanka now — the government has ordered the nation�*s tea industry to raise workers�* wages by next month. companies that refuse to do so could be taken over by the government. tea producers are warning that the 70% increase in pay for tea workers, to around $5.50 a day, would hurt their business. sri lankan tea is one of the country�*s biggest exports. the industry is worth at least $1.3 billion and brings in much needed foreign currency into the country. ganeshan wignaraja, a visiting seniorfellow at think tank odi, explained why the government was mandating such a move now. the administration in sri lanka announced this wage hike for plantation workers in response to the political cycle

chevron has said they would pull out of the deal if hess�* guyana stake was not included.lanka now — the government has ordered the nation�*s tea industry to raise workers�* wages by next month. companies that refuse to do so could be taken over by the government. tea producers are warning that the 70% increase in pay for tea workers, to around 5 and a half dollars a day, would hurt their business. sri lankan tea is one of the country�*s biggest exports. the industry is worth at least $1.3 billion and brings in much needed foreign currency into the country. for more we�*rejoined by ganeshan wignaraja, a visiting senior fellow at think tank odi. sri lanka announced this wage hike for plantation workers in response to the political cycle of producing facing elections in september to october period. and the wage hike to a boat us dollars is 170 a month, it seemed to garner support around 600,000 plantation workers. this is of course got a reaction from the plantation owners and company saying the economy may become uncompetitive. it economy may become uncompetitive.- economy

chevron has said they would pull out of the deal if hess' guyana stake was not included. bhp and the uk's anglo american. so far both companies have failed to make progress on terms of deal worth $49 billion. but the clock is ticking, as the deadline for negotiations will expire at 5pm london time on wednesday. when we come back — one dunk or two? today is national biscuit day here in the uk, and we'll be examining our insatiable appetite for the crunchy stuff. we will have a fun quiz and a special guest that you won't want to miss. around the world and across the uk, this is bbc news. welcome back to the programme. as the ecb edges closer to cutting interest rates next week, a new report out this morning shows that business confidence among ceos and chairs of many of europe's largest companies has rebounded to the highest level since may 2022. that's according to the conference board measure of ceo confidence for europe — but industry leaders are more positive about their companies' business outlook outside europe than within. live now to sara murray, global managing dir

well, we know that there it is clear that russia gave such an example, venezuela declared half of guyanats territory because there is oil there, and even held a referendum on its territory among venezuelans, which was obviously a pseudo-referendum, everything was rigged there, but then venezuela nothing could not do because the territories, the principle of territorial integrity is very important for them, then nuclear-free, latin america is a nuclear-free zone and rights and human rights, that is, these are things that are important for latin america, because in the 70s, let's say, dictatorships prevailed in latin america, and now democracies prevail, well, with the exception of cuba, venezuela, partially, yes, cuba, venezuela, nicaragua and partially. all other countries are democratic, and human rights for these countries, for latin america, they are mean a lot since the period when there were dictatorships, i.e. chile, argentina, brazil, a lot of people, i'm just clarifying what dmytro kuleba said even earlier, that he plans in the second half of... the year make a tour of the countr

the us is preparing guyana to attack venezuela, just as it prepared ukraine to attack russia. this was announced by the president of venezuela, nicolas maduro. according to him, 12 cia bases and 14 secret bases of the southern command of the armed forces are already operating in guyana. the united states, while he promised to provide proof of this in time and added that latin america and the caribbean must remain a zone of peace. peoples should oppose the american militarization of this region. well, from international news to economic news, oleksandr morchyvka is next to me. money during the war. oleksandr, good evening, please. good evening, congratulations. in the next few minutes i will talk about the heating season, about court cases, you will learn everything in detail in a moment, wait, i am oleksandr morshchevka, congratulations, this is a column about money, during the war, i will start with the heating season, the topic is very painful for of ukrainian critical infrastructure, for us ordinary household consumers, but here it is... trying in every way to help the prob

the us is preparing guyana to attack venezuela, just as it prepared ukraine to attack russia. this was announced by the president of venezuela, nicolas maduro. according to guyana, there are already 12 cia bases and 14 secret bases of the southern command of the us armed forces. at the same time, he promised to provide proof of this in time and added that latin america and the caribbean should remain a zone of peace. peoples must speak up against the american militarization of this region. well, and from'. international news to economic news of oleksandr morchevka next to me, money during the war. oleksandr, good evening, please. good evening. greetings viewers, in the next few minutes we will talk about the heating season, about court cases. you will find out everything in detail in a moment, wait, i'm oleksandr morshchevka, congratulations, this is a column about money, during the war, i'm starting with the heating season, the topic is very painful for ukrainian critical infrastructure, for us simple household consumers, but here is the cabinet of ministers is trying in ever

guyana has always been resource—rich. for decades, the rush was for gold.

so our support for guyana, we have shown that from the u.s. government and through all the instruments of national power, the diplomacy, the military, and -- >> do you have directions from the white house, from your superiors in the department as to what we should do? >> as we work my engagements and what we did with security cooperation, we have a very robust plan with guyana and we've continued on that plan and that's been correlated with our u.s. government. >> could you briefly describe the plan? >> it consists of visits by folks within my command and the engagements that we do, the exercises, the subject matter exchanges. we've continued with all of those. not trying to exacerbate the situation but continued on past with our regular engagements that have been scheduled and we have not halted any of that. >> is the international community assisting us in that regard? >> the international community is very much assisting and i would say our allies as part of our western hemisphere framework that we signed into with southcom with our allies

forein office instead of david cameron will be david lamia, by the way, a representative of british guyana. there is posedun, yes, well, well, that is, here in britain, well, we shouldn’t expect any changes at all, yes, nofis, as it formulated its strategy back in the tens of years on the confrontation with russia in eastern europe, he won’t give it up, of course, david cameron is now trying to create certain problems for us, it was correctly noted here that even in the cis space, he drives it as if it were his own home, there the central asian country distributes , albeit small, but to those no less grants, but 50 million pounds, it seems to us that this is not very much. then there will be no agreement, so there is no need to be modest, this is the only person, no, these are all, this is all the hope that they themselves, no, let me remind you, we will achieve liberation with our own hand, very there were wise words, mikhail mikhailovich, when i hear when some hopes are associated with a change in the political course in the united states, in the united kingdom, i personally express my h

the $53 billion merger deal with chevron despite the dispute with exxon mobil over the aspects in guyana joint operating agreement. i spoke with chairman and ceo of chevron the global institute conference. even as regulators are watching this. watch. >> this is a good deal for both companies, it's good deal for the industry in a good deal for the country of guyana will close were working our way through the ftc was sure hoping it will be completed in the shareholder vote at the end of this month in a contractor she will while the other partners that will be preserved for o. you think this coaster despite the obvious pushback from government on big deals recently? >> i think it will go through and i think that will be positive for the industry. in spite of what the sector has done, it is still not where historically it's been relative as opposed to energy as a percentage of market cap for the overall index. when the five, 6% anywhere from 8 - 10% range. getting animal spirits back in the tech sector. i think overall market that would suggest that were nearing a top and to the degree start

stock would be higher because guyana is so strong.rket deal, john hess, he is stepping on the board of chevron. he wanted to do this deal with chevron. that's where he wanted to be only talked to them, never talked to exxon. but there are a number of shareholders who are unhappy with it. by the way, they can write letters. i think they are writing letters. they can say, hey, chevron should be paying more. it doesn't appear, though, an actual proxy fight, which would basically have to be filed by monday or something like that to actually get this thing in front of iss and everybody else is going to happen. >> will you speak to darren? >> i will on monday. >> they paid a good price for pioneer. >> right whereas this argument that hess didn't do as well as it might have >> they didn't >> particularly given the strength of guyana, back to this really unusual dispute between hess and exxon, chevron, it's so interesting. >> i just say mr. sheffield taught me everything, but you know, talking about natural gas, mr. sheffield taught me a grea

maria: exxon is also trying to stop it because they want in on the deal for hess and the guyana projectmark, but now wee hear from chuck schumer who doesn't want this deal to go forward. >> yeah. and he wants them to pulp the brakes on it, the ftc to get involved to pump the brakes on it and this is -- look, gas prices when president trump was in office before the 2020 election gas prices were $2.10. they're $3.62 right now according to triple a. so of course the democrats want to blame this on greedy oil companies, that's not what this is about. this is about bad energy policy coming out of this administration and honestly, chuck schumer, he should be focusing on things that are driving people out of new york and he should be trying to solve those problems to keep people living in new york. maybe start with inflation, crime, all of those things. but trying to blame high gas prices on greedy oil companies, americans are smarter than that. maria: maria: shana, how do you see all of this? >> i agree with mark in a lot of ways. interesting fact here. whether it's oil or copper, when we sta

guyana is the superstar of the deal.l me what else hess brings to the table for chevron. >> i'll start with the people, really good quality people and a culture that alliance with our culture -- a aligns with our culture. it's a tribute to the family that created such a commitment to safety, to integrity, to protecting the environment and doing the right thing so great people. they've got a great portfolio of businesses. we've got complementary businesses in the gulf of mexico. they've got a strong position in north dakota where we don't have anything and guyana is a tremendous asset. it's people, technology, these great assets. the combination will create a premier energy company that will be good for our country. maria: it sure would. i want to get your take on what exxon is saying about it. they claim they have the first right of refew sal. -- refuseal, they want to start the deal. a what's your take? >> we worked and hess worked to try to understand exxon's concerns and address them for a long period of time before t

china, as well as algeria, guyana, switzerland, japan, sierra leone, these are representatives of manytes have come to the conclusion that a minute of silence is enough for them. the french figaro noted that the condolences of the leaders of western countries were only a tribute to politeness, and the german welt honestly called them fake. the us state department actually confirmed these estimates. we regret any death, for example when we see that people have died as a result helicopter crashes, but most importantly, our fundamental approach to iran has not changed and will not change. we will continue to confront iran. in connection with the death of the president, the foreign minister, as well as seven other passengers and pilots , five days of mourning were declared in the islamic republic. tens of thousands of iranians came out to honor the memory of the victims. how i wish all this were not true, we were shocked by the loss of such a man, he made the world proud of iran, he plunged his enemies into despondency, for example, just for the last month we saw how he humiliated israel a

of the iranian president and his companions. started by diplomats from china, as well as algeria, guyanara leone, representatives of many western countries decided that a minute of silence was enough for them. the french figaro noted that the condolences of the leaders of western countries were only a tribute to politeness, and the german welt honestly called them fake. the us state department actually confirmed these estimates. we regret any death, for example when we see people killed in a crash. but most importantly, our fundamental approach to iran has not changed and will not change; we will continue to confront the iranian regime. in connection with the death of the president, the minister of foreign affairs, as well. the west is using the death of the president to split iranian society, stooping to outright lies. reuters, having interviewed a couple of oppositionists, reported that crowds of people in the islamic republic are allegedly celebrating the death of the president, the british magazine the economist is spreading conspiracy theories in an attempt to quarrel with the leade

bass cia 14 pentagon, just as in ukraine they built a bridgehead against the russians, so now in guyanacekeepers who will restore order there, all this is perceived as preparation for the next occupation by the americans, and the main side effect of the fighting is that those who demand to share the prosperity built over the neighbors' account. anton podmarev tried to understand what is worse for biden now? trump's claim that the white house is deliberately keeping borders open and refusing to verify citizenship of voters, betting that exactly illegal migrants will vote for biden, as both obama and tony blair did, their victory schemes were based on the votes of those who arrived, or the fact that the israelis again tried to disrupt the negotiations in cairo, because hamas agreed. with the terms of the truce, and netanyahu, despite biden’s entreaties, decided to carry out the operation in rafah. as soon as israel took the rafah checkpoint, students emerged from their university campuses onto the streets of new york for the first time since the protest began. everything will be palestine

office instead of david cameron will be david lamia, by the way, a representative of the british guyanae more posedon, but we have two , well fine. that is, here in britain, well , we shouldn’t expect any changes at all, yes, that is, the foren office, as it formulated its strategy back in the tens of years on the confrontation with russia in eastern europe, he will not abandon it, of course david cameron now is trying to create certain problems for us, it was rightly noted here that, well, even in the cis, he goes to the countries of central asia as his home, distributes grants, albeit small, but nevertheless, 50 million pounds, it seems to us that this is not very much, but it is not very little either, there are of course many questions here. causes and indeed david cameron has personal connections, personal contacts with the leaders of many countries in the world, so he is trying to be effective, yes, i think that the next liberal government will immediately break, well, break a lot of wood, so to some extent, in to some extent, a change of power may be beneficial, but it will not c

david lamia will most likely become the head of the forein office, by the way, a native of british guyanar himself, yes, because it’s not for nothing that he is called such, literally a second prime minister, yes, because there is, as it were , the main, yes, official prime minister, the decision maker, he receives all the blows for the deplorable state of the economy, with migrants and so on, while david cameron is the face of britain on the outside, and , first of all, he does things that are pleasant for him, there, with these solutions to issues, so to speak, he still does not receive any negativity, that is, for him such an ideal story. russia and the usa, in central asia it is already possible play on the contradictions of russia, the usa and china, and so on. well, he will still have to leave after the elections, but of course this is a big question, because there are already insiders in britain about what david cameron is thinking about. about a possible return as the leader of the conservatives, because they will most likely be defeated, and the resisunok is resigning, they will

he is a strong guyana tough leader, he runs the country very well, he allows no illegal immigrants in country, he went against other european countries which are half destroyed and they asked what would you recommend and he said i would recommend one thing, get donald trump elected president again and you are going to have no problems anywhere in the world. get him elected president. that's true. thank you. thank you. now. it's true. i don't want to be the one to say it but if i don't say it, nobody else will. he used a word i wouldn't use but he used it. he said china was afraid of him. i don't like to use the word afraid. let's say they respected me. but he said china was afraid of him, russia was afraid of him. look what i did to russia nord stream 2, the biggest pipeline in the world going to serve europe and i said we are defending them against russia and yet they are paying russia billions of dollars a month for oil. how much -- how does that make sense? i close nord stream 2 and then i said i was friendly to russia. i got along with putin, that's a good thing, not a bad thing,

where was the healing circle for all black folks who were enslaved in america jamaica guyana brazil, costa rica, puerto rico, dominican? probably haiti? yeah. you go down the list was the healing circle. it was like, yeah, gone figure it. and we did have to, yous mentioned it. we had our communities in america are sacred communities where. we built our things. but i believe few exceptions. what a very few exceptions. very few exceptions, actually were zora neale hurston in there because when look at their eyes watching god, i consider that a book is one of the few books where it talks honestly about what is going on in the community? not the beautiful things, but also what hurts us. i think we get caught up in in america is is either scenario we can only talk about one thing. i think we've got to talk about it both. we are a beautiful, powerful people. we are actually miracle to even still exist given everything that's happened to us. but we also have to be honest about the fact that many of us us have been damaged wise. are some of our greatest writers some of our greatest artists s

big dispute about the joint operating agreement in guyana between exxon and its partner hess.ved at some point perhaps later this year or early next year in terms of the arbitration taking place in europe. >> is this a final wave of consolidation in energy, or is there more to come? >> it's hard to see anything that much larger. there are certainly other names out there, you know, devon has come up in the conversation around this current deal this morning, as well, given their acreage is also -- abuts the acreage in question from -- from marathon. >> yeah, they're down the most along with conocophillips and the energy sector now. marathon's the only one higher. >>> meantime, market is taking a breather. we'll talk nvidia and tech trade. the dow's losses, about half of that is unh. down 4% on some cautious conference commentary about ayitus revenue growth. st wh . encore energy, america's clean energy company, now in production in south texas. energizing america with reliable and affordable uranium for nuclear energy fuel from our environmentally friendly extraction process. ar

number of times, this sort of unique dispute that they're in about that joint operating agreement in guyanahey're saying they have a right of first refusal. >> is that your lineup? >> that's my lineup, yeah. >> mnuchin's my guy. solomon's my guy. so, those are two -- i've got the two kings. you've got a 7, 9, and a 3 you've got there. >> trying to move it in different directions. day one will be good, though. marc rowan is always great to talk to. >> are you going to ask about colleges? >> he's been so involved. i think it would be hard not to discuss some of the campus protests with him. but there's never enough time for marc rowan. >> marc rowan is fantastic. >> not to mention david solomon. >> and david, yeah. >> strong earnings at goldman-sachs. he's got to be feeling decent about things. >> yes, definitely. by the way, magnificent seven is having a great day. well, at least, microsoft. >> sure is. >> well, actually, coin had some premarket gains, jim, but relatively flat now. the one i was thinking of was block with dorsey rolling out new plans for bitcoin. >> there's two elements to b

and my colleagues over the dispute between you and your partner hess over the joint agreement in guyanay follow-up, can you give us any sense in terms of yer expectation on timing? i think you're waiting for the third arbitrator. what are you working with, with the timeline in terms of when this dispute is going to be resolved? >> yeah. i think the timeline ultimately will be decided by the arbitration process and the arbitrators. we're still putting together that panel of be a traitors. we'll go into discovery -- arbitrators and we'll about go into discovery. john hess made a point he thought this would slip into 2025. my view it will go into 2025 as well. this is an important arbitration not only for exxon mobile but for chevron and hess. we need to take our time to do what's right, make sure that we do all the due diligence and we get to the answer here, the right answer. >>withal, the right answer, you continue to have confidence, and i think it's come down to what is maybe as few as 11 words in the contract that you're going to prevail, but why? >> i wouldn't concentrate on 11 word

seven states voted to ban the placement of weapons in space: russia, china, algeria, guyana, ecuador,ona; supposedly neutral switzerland abstained, the rest of the western countries opposed it, seven states led by the united states. moreover, the americans claim that moscow launched into orbit not just weapons, but possibly weapons nuclear, well, that is, the new star wars. the americans are still afraid, because this time they are catching up. the white house said that america had allegedly begun to confront some russian nuclear threat in space. and the pentagon said it had sent a missile tracking system into orbit as part of a new, massive effort to contain moscow. well, notice that somehow all the talk about the country suddenly disappeared. salon, look, the us representative to the un said that last week russia launched an anti-satellite weapon, potentially at the same altitude as an american satellite. this is problem? can you confirm the information that was presented to the un? on may 16, russia launched a satellite to low. our interests in space by our desire to maintain a sta

some port repairs in guyana, taking 200,000 of exports off the market.atching what happens in less than two weeks' time at the opec meeting. do they go in person. do they do additional output action? do they roll everything over? i don't think anyone's anticipating at this current price level, they'll be putting barrels back on to the market. >> the markets really haven't given us any signals for either the demand side or the supply side, i don't think, helima, or things are really in equilibrium. >> we have a situation if you look at products. diesel looks soft, but gasoline looks relatively strong. i just don't think that there's a lot of conviction right now in the market. whatly say is we've basically lost all the geopolitical risk premium that have been driving prices higher. and after we have that israel/iran exchange of fire, i think a lot of people are saying, i don't need to worry about the middle east anymore. i mean, the war continues, but i'm not worried about geopolitically driven supply disruptions. and even over the weekend, we had that he

was surprising to the upupside this year is guyana. >> let's go back for a moment to the demand picturek the weakened demand is china switching to evs, that's something that sdticks around that is not a one-off. that is demand that's gone >> we are seeing switching from gasoline to evs, but it is a gradual process subtracting 150 k on an annual basis the other switch i was referring to is switching interest oil to natural gas. trucks to use lng. gas prices globally are light. >> when you are switching, whether evs or natural gas, that is demand that's gone. that doesn't come back >> on the ev side, we don't have the history of drives moving back to traditional cars it's true on the natural gas price side we look for markets in european and asian gas prices from 2025 until the end of the decade because we are expecting so much additional global energy from the u.s., which is bullish, and u.s. gas prices in 2025. >> you are not talking just about supply, but production at large? >> we are seeing negative spillover from the bear markets in natural gas to demand for oil. if natural gas is c

. -- hess has hit a snag over and oil project in guyana.at would be chevron's biggest deal in two decades. now, moving on to kraft heinz, looking to sell oscar meyer, maker of lunchtime pictures like hotdogs and cold cuts. they first reported to bank of america and centerview partners gauging interest in the brand. sources said it confessed somewhere in the neighborhood of $3 million to $5 billion in the middle of a multiyear effort to improve nutrition on the product. they have push their strong first quarter revenue on sales forecast for strong demands with the roger federer back and expanding rapidly across europe and is looking to cross into tennis with market share for most established like nike. that is your bloomberg brief. annmarie: rate cuts -- lisa: up next, rate cuts driving sentiment. bullish. >> accelerating the recovery we are in, setting up a bull market for years to come. lisa: expect more discussion on cosmetic cuts, insurance cuts, other cuts. that's what they want to say. that's next. this is "bloomberg surveillance ." ♪