Renault says ‘seismic shift’ in electric car interest after oil price shock – business live

Renault’s UK boss has said the Iran war oil price surge has started a “seismic shift upwards” in interest in electric vehicles.Adam Wood, managing director for the French carmaker in the UK, said that buyers were realising that it was much cheaper to charge electric cars than to fill up with petrol.Oil prices remained above $111 per barrel on Friday, with little sign that the US and Iran would reach an agreement to reopen the strait of Hormuz, a key export route for a fifth of the world’s oil.Renault said the effect of the oil price surge was translating to sales. It said enquiries about electric vehicles were up 42% on its website, and that electric vehicles accounted for almost 50% of sales in April

CEO pay soared in 2025, 20 times faster than workers’ pay

CEO pay increased 20 times faster than worker pay around the world in 2025, according to a new analysis from Oxfam and the International Trade Union Confederation, the world’s largest trade union federation.When adjusted for inflation, global worker pay declined 12% between 2019 and 2025, the equivalent of 108 days of free work during that time period. In comparison, CEO compensation increased by 54% between 2019 and 2025.The average CEO received $8.4m in total compensation in 2025 compared to $7

‘Awkward and humiliating’: UK job hunters share frustration with AI interviews

Nearly half (47%) of UK job seekers have had an AI interview, research from the hiring platform Greenhouse has found.In its survey of 2,950 active job seekers, including 1,132 UK-based workers, with additional respondents from the US, Germany, Australia and Ireland, it found that 30% of UK candidates had walked away from a hiring process because it included an AI interview.We asked people about their experiences of AI interviews. The responses included those who found it “awkward” and “humiliating”. Others spoke of wanting a human element in the interviews, and said they were not sure if their interview had even been reviewed

Tim Cook takes victory lap as Apple’s financial results soar past Wall Street expectations

Apple blew past Wall Street expectations in its first earnings report since it announced CEO Tim Cook would be stepping down.Cook shared his thoughts about the leadership transition on Thursday, saying: “There’s no one on this planet I trust more to lead Apple into the future” than incoming CEO John Ternus. Asked by an investor what advice he has given Ternus, Cook said: “Never forget the north star for the company. You know, we’re about making the best products in the world that really enrich other people’s lives.”Ternus spoke briefly, too, praising Cook’s thoughtfulness in financial decision-making and saying: “This is the most exciting time in my 25-year career at Apple to be building products and services

Surrey bolster Oval security, Somerset v Yorkshire, and more: county cricket, day one – live

Andy Bull is out and about at Lord’s and has spotted Ben Stokes batting in the nets on the Nursery ground. “He has drawn a crowd of 30 school kids and 20 men in blazers.” And looks “rugged.”Somerset’s bowlers are currently getting schooled by Bairstow and Root - whose cover drive on one knee against Craig Overton was like a bite of a warm buttery croissant straight from a Parisian paper bag. Yorkshire 110-3

The world’s most expensive losers: the New York Mets are very rich … and very, very bad

The Mets have the second-highest payroll in baseball. They also own the worst record in the major leaguesA franchise once known as baseball’s lovable losers are, for the moment, merely baseball’s most expensive losers.The New York Mets wrapped a shocking April by losing 5-4 to the Washington Nationals on Thursday, dropping to a major league-worst 10-21 and burrowing even deeper into last place in the National League East – making them somehow even worse than their old rivals the Philadelphia Phillies, another wealthy-yet-terrible team. The Mets will (probably) not play at their current 52-win pace all year but their sordid first month has done immense damage to their postseason hopes. Their chances at October baseball were 87% on Opening Day, according to the analytics site FanGraphs