Britain approves controversial Rosebank oil field

BUSINESS DAILY © FRANCE 24

Britain has given the go-ahead to the development of Rosebank in the North Sea. Located 130 kilometres northwest of the Shetland Islands, it's the largest untapped oil field in the UK and is estimated to contain up to 300 million barrels of crude. The government argues Rosebank will help bolster Britain's energy security, but environmental groups disagree. Plus, in a major blow to TikTok, Indonesia has banned trading of goods on social media platforms, saying it’s harming millions of physical retailers.