Chevron to expand in Venezuela, days after the U.S. and Venezuela strike oil deal

Chancellor John Healey considering windfall tax on banks and oil firms Business live – latest updates The countdown is on. Two months out from Andy Burnham’s inaugural autumn budget, bank executives are wringing their hands over whether the government will target their bumper profits with fresh taxes. The chancellor, John Healey, is reportedly considering a windfall tax on both banks and oil companies in the late October Westminster setpiece...

Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech company Business live – latest updates Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive. Cook, who handed over to John Ternus on Tuesday, will be paid a base salary of $2m and $45m worth of shares. Half of the share award will be based on performance targets being met, while the remaining half will be paid out over four years...

The US president’s need to assert dominance is igniting patriotism abroad and a backlash at home What do bullies do when someone stands up to their bullying and punches them in the face? They look for someone weaker to bully who won’t punch back. Presumably that’s why Donald Trump has now taken on Canada, after Iran punched back so hard in the cage match the US president began more than six months ago as to leave him humiliated and baffled...