BP board removes Chairman Albert Manifold with immediate effect over governance and conduct concerns

BOC: Long-term unemployment hits highest since early 2000s excluding COVID. Labour market weakness persists beyond pandemic disruptions.

Bank of Canada reports long-term unemployment reached its highest level since the early 2000s, excluding the COVID-19 pandemic period.

IEA warns global oil inventories draining fast with only weeks of supply left; Kpler analyst says situation may be less critical, normalization could take months even with peace deal.

The International Energy Agency warned that global oil inventories are draining fast with only weeks of supply remaining. However, Naveen Das from Kpler told Reuters the situation may not be as critical as it seems, adding it would take months for oil flows to normalize even if a peace deal was reached.

Swiss courts order seizure of Patrick Drahi’s assets in escalating dispute with Altice co-founder Armando Pereira over $1.5B claim.

Swiss courts have ordered the seizure of assets belonging to Patrick Drahi following a lawsuit by Altice co-founder Armando Pereira, who claims he is owed at least 1.2 billion francs ($1.5 billion).

VTB and Wildberries & Russ discuss strategic fintech partnership, sources say. VTB would use marketplace's digital channel; Wildberries would gain branch network access.

VTB and Wildberries & Russ are discussing a strategic partnership to develop fintech projects, with VTB using the marketplace's digital infrastructure and Wildberries gaining access to VTB's branch network, including Pochta Bank, sources told RBC.