UK News Daily BP Cuts 4700 Jobs, UK Secures 100-Year Ukraine Pact, BAFTA Nominations Surprise Fans, UK Economy Grows Amid Challenges, and more...
Jan 17, 2025
BP is slashing 4,700 jobs to enhance competitiveness, stirring investor confidence. The UK is proposing a groundbreaking 100-year partnership with Ukraine to strengthen defense amidst rising tensions. Surprising BAFTA nominations are highlighted, including the historic recognition of a trans actress while 'Wicked' is notably snubbed. Despite economic challenges, the UK recorded a slight growth of 0.1% in November. Additionally, a major milestone in the space industry is reached with the UK's first launch operator license, paving the way for vertical rocket launches.
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BP Job Cuts and Restructuring
- BP will cut 4,700 jobs, over 5% of its workforce, due to declining share prices and lower profit margins.
- CEO Murray Auchincloss aims for $2 billion in cash savings by 2026 and will integrate AI into operations.
UK-Ukraine Century Partnership
- UK Prime Minister Keir Starmer proposed a 100-year partnership with Ukraine, including defense, science, energy, and trade agreements.
- This treaty aims to bolster support against Russia's ongoing invasion, amidst rising tensions and the threat of further escalation.
2025 BAFTA Nominations
- The 2025 BAFTA nominations surprised many, with "Wicked" snubbed for Best Film despite seven nominations, and "Gladiator 2" receiving only three.
- Karla Sofía Gascón made history as the first trans actress nominated, while "Emilia Perez" garnered attention after winning four Golden Globes.