SAT 03 OCTEvening6:10 AM

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BIZCNBC

David Ellison just brought in a co-CEO to run his new empire: Meet Ynon Kreiz

Photo: Getty Images

Ynon Kreiz's appointment as co-CEO of Skydance answers a key governance question for Ellison's soon-to-be-merged company.

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BIZBBC News

Suppliers pile pressure on government over energy bills

The government should take immediate action to help those struggling with energy bills this winter, the suppliers' trade body has said. Energy UK said domestic gas prices, which rose on Thursday, and forecasts of steep rises in January meant inaction would lead to a longer-term, more costly and deeper crisis. Figures revealed by the BBC earlier this week showed forecasters predicting a 16% rise in domestic energy prices in the new year for 20 million households on variable tariffs affected by regulator Ofgem's price cap.

BIZThe Guardian

G7 to release up to 100m barrels of emergency oil and diesel reserves

Leaders agree a coordinated drawdown after surge in prices and Donald Trump’s threat to cut off US supplies Leaders of G7 nations are to release up to 100m barrels of their emergency diesel and crude oil stockpiles after Donald Trump threatened to cut off supplies of US diesel. The French President, Emmanuel Macron, said ministers from some of world’s largest economies had agreed to release stocks from their strategic oil reserves after crisis talks on Friday.