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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Current price of oil as of June 10, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 10, 2026
PoliticsImmigration
Europe

British billionaire is sorry if you were offended by his statement that ‘the U.K.’s been colonized’ by immigrants

By
Danica Kirka
Danica Kirka
and
The Associated Press
The Associated Press
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By
Danica Kirka
Danica Kirka
and
The Associated Press
The Associated Press
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February 12, 2026, 8:00 AM ET
ratcliffe
Jim Ratcliffe, co-owner of Manchester United FC, looks on during the award ceremony following the UEFA Europa League final football match between Tottenham Hotspur FC and Manchester United FC. Tottenham Hotspur FC won 1-0 over Manchester United FC.Nicolò Campo/LightRocket via Getty Images

Manchester United co-owner Jim Ratcliffe said Thursday that he’s sorry if some have been offended by anti-immigrant comments.

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The billionaire co-owner of Manchester United faced criticism by both political leaders and fans after he said the U.K. had been “colonized’’ by immigrants.

Ratcliffe, the founder and chairman of chemicals maker Ineos, is one of Britain’s richest people and an influential voice on politics and the economy.

Prime Minister Keir Starmer said Wednesday that the comments by Jim Ratcliffe were “offensive and wrong.”

Ratcliffe issued a statement on Thursday, saying that he was “sorry that my choice of language has offended some people in the U.K. and Europe.”

Ratcliffe, who lives in the tax haven of Monaco, made the comments in a wide-ranging interview with Sky News in which he touched on the challenges facing the European chemicals industry, politics and the weakness of the U.K. economy.

“You can’t have an economy with 9 million people on benefits and huge levels of immigrants coming in,” Ratcliffe said. “I mean, the U.K.’s been colonized.”

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