News BP had originally projected that its settlement in the case would cost $7.8 billion but later boosted this to $9.2 billion

A panel of the 5th US Circuit Court of Appeals has affirmed a federal judge's approval of a multi-billion dollar settlement between BP Plc and businesses and individuals who lost money and property in the 2010 Gulf of Mexico oil spill.

BP bosses set to unveil annual loss

Bosses at BP will unveil the oil giant's first annual loss in nearly two decades tomorrow following a disastrous year for the blue-chip company.

BP spill drove UK dividends to fall by £2bn last year

The Gulf of Mexico oil spill caused a £2bn fall in the dividends paid out by British-listed companies in 2010, Capita Registrar's Dividend Monitor will reveal today.

Dark side of la dolce vita

A theatre group is turning three Antonioni movies into a single play at the Barbican. Michael Coveney takes a look behind the scenes of an epic project

Hayward in the running for Glencore board role

Tony Hayward, the former chief executive of BP who was forced to step down in the wake of the devastating Gulf of Mexico oil spill, has emerged as a possible candidate for a board seat at Glencore, the world's biggest commodities trader.

BP and makers of iPod in line for 'shame' awards

Swiss environmentalists hope this week's prizes will force 'rogue' companies to mend their ways

BP deal gets a muted thumbs-up from the City

The markets gave a cautious welcome to BP's $7.8bn (£4.9bn) share-swap and Arctic exploration deal with Russia's Rosneft last night.

BP angers America again – this time over deal with Russians

BP's frantic efforts to repair its devastated reputation in the US have been set back by a major new alliance with the Russian government, prompting outraged comments from all sides of the political spectrum.

BP targets one of the world's last unspoilt wildernesses after deal

Environmentalists are angry at the energy giant's plans to drill for oil in a remote region of the Arctic

Market Report: Bullish advertising view makes ITV a must-watch

A positive outlook for advertising revenue gave a boost to ITV, as investors switched on to the broadcaster. The company was lifted by a wide-ranging note on the media sector from Goldman Sachs, in which it upped its forecast for global advertising.

Oil disaster inquiry probes 'systemic' failures

Economies and short cuts by BP and other firms contributed to last year's disastrous Gulf of Mexico oil spill, a damning official inquiry has found.

MPs say keep drilling despite risk from oil spill

Britain lacks the ability to deal with a large-scale North Sea oil spill in bad weather conditions but nonetheless should allow oil companies to continue deep water drilling off the coast, MPs will say today.

BP cost cuts contributed to Gulf spill, says report

BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico over the summer, the White House commission into the disaster said yesterday. In its final report on the causes of the largest offshore spill in US history, the commission said BP and its collaborators had lacked a system to ensure their actions were safe.

The Business On... Andy Inglis, Head of Production at Petrofac

A rapid recovery?

BP facing new legal threat over Gulf spill

An investor lawsuit against BP, claiming the oil giant repeatedly lied about its safety record, will be fronted by two ambitious politicians and range over more than five years of the company's communications with shareholders.

The Year in Review: The BP oil spill

Still in deep, deep water
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
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Backhanders, bribery and abuses of power have soared in China as economy surges

Bribery and abuses of power soar in China

The bribery is fuelled by the surge in China's economy but the rules of corruption are subtle and unspoken, finds Evan Osnos, as he learns the dark arts from a master
Commonwealth Games 2014: Highland terriers stole the show at the opening ceremony

Highland terriers steal the show at opening ceremony

Gillian Orr explores why a dog loved by film stars and presidents is finally having its day
German art world rocked as artists use renowned fat sculpture to distil schnapps

Brewing the fat from artwork angers widow of sculptor

Part of Joseph Beuys' 1982 sculpture 'Fettecke' used to distil schnapps
BBC's The Secret History of Our Streets reveals a fascinating window into Britain's past

BBC takes viewers back down memory lane

The Secret History of Our Streets, which returns with three films looking at Scottish streets, is the inverse of Benefits Street - delivering warmth instead of cynicism
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Nicolas Cage shines in low-budget drama Joe

Cage plays an ex-con in David Gordon Green's independent drama, which has been adapted from a novel by Larry Brown
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Make your own ice lollies and frozen yoghurt

Think outside the cool box for this summer's tempting frozen treats
Ford Fiesta is UK's most popular car of all-time, with sales topping 4.1 million since 1976

Fiesta is UK's most popular car of all-time

Sales have topped 4.1 million since 1976. To celebrate this milestone, four Independent writers recall their Fiestas with pride
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Heaven scent: 10 best reed diffusers

Keep your rooms smelling summery and fresh with one of these subtle but distinctive home fragrances that’ll last you months
Commonwealth Games 2014: Female boxers set to compete for first time

Female boxers set to compete at Commonwealth Games for first time

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Five things we’ve learned so far about United under Van Gaal

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Screwing your way to the top?

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Will Britons fighting in Syria be able to resume their lives?

Tony Blair's Terrorism Act 2006 has made it an offence to take part in military action abroad with a "political, ideological, religious or racial motive"
Beyoncé poses as Rosie the Riveter, the wartime poster girl who became a feminist pin-up

Beyoncé poses as Rosie the Riveter

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The quest to find the perfect pair of earphones

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