BP abruptly removed Chairman Albert Manifold on Tuesday, citing “serious concerns” tied to governance, oversight and conduct issues, sending shares lower and deepening uncertainty at the oil giant.

The company said Manifold, who had served as chairman for just eight months, was removed effective immediately after the board unanimously concluded he should no longer remain in the role.

“This follows serious concerns raised to the board related to important governance standards, oversight and conduct,” BP said in a statement, without providing additional details.

The surprise ouster rattled investors. BP shares plunged nearly 10% in London trading and were briefly halted before recovering some losses. The broader European energy sector was down less than 1%.

HIGH ENERGY PRICES RISK KEEPING INFLATION ABOVE 2% TARGET, CONCERNING FED POLICYMAKERS

Albert Manifold, then-chief executive officer of CRH Plc, left, pauses during a Bloomberg Television interview in London, U.K., on Tuesday, Aug. 19, 2014.  (Chris Ratcliffe/Bloomberg via Getty Images / Getty Images)

The shake-up lands at a critical moment for BP, which has struggled with investor confidence, lagging stock performance and questions about its long-term strategy.

Manifold was brought in last October to help oversee BP’s pivot back toward oil and gas production after years of aggressive climate-focused messaging and renewable energy investments that frustrated some shareholders.

The BP company logo is seen outside a petrol station on Sept. 23, 2021, in London, England.  (Leon Neal/Getty Images / Getty Images)

The former CRH chief executive, who had no prior energy industry experience, had support from activist hedge fund Elliott Management, which has built a roughly 5% stake in BP and pushed for stronger financial performance.

Manifold also helped install current CEO Meg O’Neill, the former Woodside Energy chief, as BP’s fifth CEO since 2020.

BP has been plagued by executive instability in recent years. Former CEO Bernard Looney was fired in 2023 after admitting he misled the board about relationships with colleagues. His successor, Murray Auchincloss, exited abruptly in December.

BP logo and stock graph are seen through magnifier displayed in this illustration taken Sept. 4, 2022.  (Reuters Photos)

The repeated management upheaval has fueled persistent speculation that BP could eventually become a takeover target or face pressure to break itself apart.

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The latest boardroom drama also comes as major oil companies increasingly prioritize shareholder returns and fossil fuel production over costly green-energy expansion plans amid pressure from investors demanding higher profits and stronger stock performance.

Reuters contributed to this report. 

The Congressional Black Caucus is pressuring major corporations across the country to publicly oppose Republican-led congressional redistricting efforts that critics say could weaken Black political representation following a recent Supreme Court ruling on the Voting Rights Act.

According to a letter obtained by The Associated Press, the caucus urged more than 250 companies to condemn ongoing redistricting efforts in several GOP-led states and disclose political donations tied to lawmakers backing the efforts.

The broader redistricting battle intensified after President Donald Trump encouraged Republican-led states to revisit congressional maps in hopes of expanding the GOP’s narrow House majority. 

BERNIE SANDERS WARNS OF ‘THE MOST TRANSFORMATIVE ECONOMIC REVOLUTION IN THE HISTORY OF THIS COUNTRY’

U.S. House Minority Leader Hakeem Jeffries (D-NY) (L) looks on as Congressional Black Caucus Chairperson Yvette Clarke (D-NY) speaks during a news conference in opposition to the SCORE Act in front of the U.S. Capitol on May 19, 2026, in Washington, (Alex Wong/Getty Images / Getty Images)

Some Republicans have argued the effort could help create additional GOP-leaning districts and strengthen the party’s position heading into the midterms, though other GOP strategists have warned aggressive map redrawing could also make some previously safe Republican districts more competitive.

The CBC’s push comes amid an escalating mid-decade redistricting fight after a recent Supreme Court ruling weakened key Voting Rights Act protections governing congressional maps. Republican-led legislatures in several states have since moved to redraw district boundaries, arguing the maps should reflect updated legal standards and population shifts.

Congressional Black Caucus Chairperson Yvette Clarke (D-NY) (L) and NAACP President Derrick Johnson look on during a news conference in opposition to the SCORE Act in front of the U.S. Capitol on May 19, 2026, in Washington, D.C.  (Alex Wong/Getty Images / Getty Images)

Democrats and voting-rights advocates, however, argue the new maps could dilute Black voting power and reshape the political battlefield ahead of the midterm elections.

“Corporations that have profited from Black consumers, relied on Black workers, and amassed wealth in part from Black communities cannot look away while Black political power is dismantled in plain sight,” Congressional Black Caucus Chair Rep. Yvette Clarke, D-N.Y., said in a statement.

The outreach campaign places renewed pressure on corporate America to weigh in on politically divisive voting-rights battles after many major companies scaled back public engagement on racial justice and diversity issues in recent years.

Among the companies contacted were firms that previously supported federal voting-rights legislation following the 2020 racial justice protests and the Jan. 6 Capitol riot, including major technology, retail and financial firms.

Congressional Black Caucus Chairperson Yvette Clarke, D-N.Y., listens during a news conference on opposition to the SCORE Act in front of the U.S. Capitol on May 19, 2026, in Washington, D.C.  (Alex Wong/Getty Images / Getty Images)

The caucus is asking companies to publicly oppose the redistricting efforts, meet with CBC members to discuss voting-rights concerns and disclose political contributions connected to state-level redistricting campaigns.

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The effort also reflects growing frustration among some Black lawmakers toward corporations that made public commitments to racial equity following the murder of George Floyd but have since retreated from diversity, equity and inclusion initiatives amid political backlash and legal scrutiny.

Fox News’ Paul Steinhauser contributed to this report.

Inheriting a property can feel like a windfall, but it often comes with a string of costs that catch people off guard. There’s the emotional weight of dealing with a bereavement, and then, sometimes before you’ve had a chance to process it, the financial reality starts to take shape.

Solicitors get in touch, bills arrive, and decisions need to be made quickly. Let’s see how you can navigate this once-in-a-lifetime situation.

Probate Fees and Legal Costs

Before you can do anything with an inherited property, you’ll usually need to go through the probate process. Probate is the legal procedure that confirms the validity of a will and gives the executor authority to deal with the estate.

In England and Wales, the probate application fee is £300 for estates valued over £5,000, following an increase from £273 in May 2024. That’s relatively modest, but solicitor fees on top can run into thousands.

If the estate is complex, for instance, if there’s no will, or the will is contested, legal costs can climb quickly. Some solicitors charge a percentage of the estate’s value, which on a property worth £300,000 could mean a bill of several thousand pounds. It’s worth getting a few quotes and understanding exactly what’s included before you commit to a firm.

Don’t Forget About Probate Home Insurance Cover

Probate can take months, sometimes longer. During that time, the property sits in a kind of administrative limbo. It can’t usually be sold until probate is granted, but it still needs to be maintained and protected. This is where many families get caught out.

A standard home insurance policy may become invalid once the policyholder dies and the property is unoccupied. This is a real risk, because an empty house is more vulnerable to water damage from burst pipes, fire, theft, vandalism, storm damage and other risks.

Specialist probate home insurance cover exists specifically for this situation, providing buildings cover while the estate is being settled. It’s the kind of policy most people don’t know about until they need it.

Inheritance Tax

This is the big one. In the UK, inheritance tax (IHT) is charged at 40% on the portion of an estate above the nil-rate band, which currently sits at £325,000. There’s an additional residence nil-rate band of up to £175,000 if you’re inheriting a property that was the deceased’s main home and you’re a direct descendant.

Married couples and civil partners can also combine their allowances. This means a married couple or civil partnership could potentially pass on up to £1 million free of inheritance tax, provided both nil-rate bands and residence nil-rate bands are available and the qualifying conditions are met.

Even so, property values in much of the UK mean that IHT can easily apply. And crucially, the tax usually needs to be paid before probate is granted, which means before you’ve had a chance to sell the property to raise the funds. HMRC does allow IHT on property to be paid in instalments, which can help, but it’s something you’ll need to plan for.

Council Tax and Utility Bills

Once someone dies, their council tax liability ends. Under the Class F exemption, a property that is left empty following the death of its owner is exempt from council tax for the entire period that probate is pending, however long that takes.

Once probate is granted, a further six-month exemption applies, provided the property remains unoccupied and has not been transferred to a beneficiary or sold. After that, the standard rate of council tax becomes payable. Crucially, a premium surcharge for long-term empty or second homes cannot be levied for a further 12 months from the date probate is granted, even once the Class F exemption has ended.

Utility bills also continue. If the property is connected to gas, electricity, and water, those accounts will need to be transferred or closed. Standing charges still apply even with zero usage, so this is a cost that quietly accumulates over time.

Maintenance and Security Costs

An empty property deteriorates faster than one that’s occupied. Gardens become overgrown, minor leaks go unnoticed, and opportunists sometimes target vacant homes. You may need to arrange regular checks, basic maintenance, or even security measures depending on the location and type of property.

If the property needs work before it can be sold or let, you’re also looking at renovation costs. These vary hugely depending on the state of the building, but a property that hasn’t been updated in decades could require significant investment before it’s market-ready.

Capital Gains Tax When You Sell

If you decide to sell the inherited property, you may be liable for capital gains tax (CGT). Your gain is calculated from the property’s value at the date of death, not the original purchase price. So if the property was worth £250,000 when you inherited it and you sell it for £280,000, you’d potentially pay CGT on that £30,000 difference.

For the 2025/26 tax year, the annual CGT exempt amount is £3,000, meaning gains below that threshold are tax-free. Above that, residential property gains are taxed at 18% if you are a basic rate taxpayer, or 24% if you are a higher or additional rate taxpayer. Other reliefs may also apply, so it’s worth getting proper tax advice before you sell. This is one cost that sometimes comes as a surprise, particularly if the property is sold some time after probate is granted.

To Sum Up

Inheriting a property in the UK involves far more than simply receiving the keys. Between probate fees, inheritance tax, council tax, maintenance, insurance, and potential CGT, the costs can add up to tens of thousands of pounds depending on the estate. That’s why it’s important to get proper legal and financial advice early, and make sure the property is protected while probate is ongoing. This will save you a lot of headaches down the line.

NEW YORK — The popular graphic design platform Canva experienced scattered disruptions Tuesday, with hundreds of users reporting difficulties accessing the service, downloading files and editing projects during peak working hours.

Reports of problems surfaced around mid-morning Eastern Time on May 26, 2026, according to outage tracking sites. While Canva’s official status page indicated no major incidents, user complaints spiked on Downdetector and community forums, highlighting intermittent issues particularly in parts of Asia and North America.

The timing proved inconvenient for many professionals, small businesses and students who rely on Canva for quick design work, social media graphics, presentations and marketing materials. Some users in the Philippines reported inability to download PDFs, while others described loading errors or frozen editors.

Downdetector showed a noticeable surge in reports shortly after 10 a.m. ET, though the overall volume remained lower than during previous widespread outages. Status monitoring services like StatusGator also logged user-submitted complaints throughout the day.

Canva, which boasts more than 200 million monthly active users worldwide, has become a go-to tool for non-designers seeking professional-looking visuals without steep learning curves. The platform offers templates, AI-powered features like Magic Studio, and collaboration tools that have made it essential for freelancers, educators and corporate teams.

Impact on Users and Workflow Disruptions

Many affected users turned to social media and forums to vent frustrations and seek alternatives. The DesignTAXI community highlighted the issue, noting reports from designers unable to complete time-sensitive projects.

Freelancers working on client deadlines and marketing teams preparing campaigns found themselves particularly impacted. Some reported losing unsaved progress, though Canva’s cloud-based autosave feature typically mitigates total data loss during brief interruptions.

In regions like Southeast Asia, where Canva has seen strong adoption among small businesses and content creators, the problems compounded existing connectivity challenges. One user in the Philippines posted around 9:22 a.m. local time complaining about PDF download failures.

Educators preparing end-of-year materials and students working on assignments also faced hurdles. The platform’s free tier, which drives much of its user growth, appeared affected alongside paid Pro and Teams subscriptions.

Canva has not issued a detailed public statement specific to Tuesday’s reports. Its status page continued to show normal operations, with the most recent resolved incident dating back to May 22.

Company Background and Reliability Record

Founded in 2013 in Australia by Melanie Perkins, Cliff Obrecht and Cameron Adams, Canva has grown into a design industry powerhouse valued at tens of billions of dollars. The company expanded aggressively through acquisitions and AI integration, aiming to democratize design tools.

Despite its scale, Canva has encountered occasional outages, often tied to high traffic, third-party service providers like Cloudflare, or internal updates. Previous notable disruptions occurred in late 2025 and earlier in 2026, sometimes linked to broader internet infrastructure issues.

The platform’s reliance on cloud infrastructure makes it vulnerable to cascading effects from provider-side problems, though Canva has invested heavily in redundancy and global data centers to improve resilience.

Analysts note that Canva’s user base has become increasingly dependent on the service for daily operations, raising the stakes for any downtime. In competitive markets, even short interruptions can prompt users to explore alternatives like Adobe Express, Figma or Microsoft Designer.

Broader Context of Tech Outages

Tuesday’s reports come amid a pattern of intermittent service disruptions across digital platforms. Major tech companies routinely face challenges scaling infrastructure while implementing frequent AI and feature updates.

Outage tracking sites serve as early warning systems for these events, often surfacing problems before official acknowledgments. Downdetector, in particular, aggregates thousands of user reports to map real-time issues geographically.

For creative professionals, such outages underscore the risks of over-reliance on single platforms. Many designers maintain backup tools and local software options for critical projects. Industry veterans recommend regular exports and using offline-capable features where available.

Canva has built a reputation for responsive support during incidents, though users sometimes report delays in receiving updates via the platform’s status channels or social media.

User Reactions and Workarounds

On forums and social platforms, users shared temporary solutions including clearing browser caches, switching devices, using VPNs or accessing through incognito windows. Some reported success after waiting 30-60 minutes, suggesting the issues were transient rather than a full-scale failure.

Others pivoted to competitor tools or reverted to older projects already downloaded. Graphic designers working in teams noted challenges with real-time collaboration features going offline temporarily.

The incident highlights Canva’s central role in modern content creation workflows. From social media managers crafting posts to teachers designing classroom materials, millions depend on uninterrupted access.

As remote and hybrid work remains prevalent, design platforms like Canva have filled gaps left by traditional desktop software. The company’s mobile apps have further extended accessibility, making outages noticeable across devices.

Outlook and Lessons for Users

While Tuesday’s disruption appeared resolved for most by afternoon hours, it serves as a reminder of digital infrastructure fragility. Companies like Canva continue investing in AI enhancements and expanded features, which can sometimes introduce temporary instability during rollout.

Users are advised to monitor Canva’s official status page and enable notifications for critical projects. Diversifying toolkits and maintaining local backups remain best practices in an increasingly cloud-dependent creative economy.

Canva’s leadership has historically emphasized rapid recovery and transparency during service issues. The company’s massive user base provides both opportunities and challenges in maintaining consistent performance across global regions with varying network conditions.

For many affected on May 26, the outage represented a minor annoyance rather than a catastrophe. However, for those with looming deadlines, it disrupted momentum and highlighted the need for contingency planning.

As the design industry evolves with AI assistance and collaborative tools, platform reliability will remain a key competitive factor. Canva’s ability to minimize future disruptions while innovating will influence its long-term dominance in accessible graphic design.

The event also draws attention to the growing ecosystem of outage monitoring services that help users and businesses stay informed. These tools empower communities to share experiences and reduce feelings of isolation during technical difficulties.

Looking forward, Canva is expected to continue its trajectory of growth, with potential expansions into video, web design and enterprise solutions. Maintaining trust through reliable service will be essential as competition intensifies from both established players and emerging AI-native design tools.

Tuesday’s scattered reports ultimately affected a fraction of users but generated enough buzz to trend in creative circles. It underscores how even successful tech platforms must constantly balance innovation with operational stability.

Affiliated assets account for much of the growth of complex private credit on insurer balance sheets. For a look at some of the major players, see below:

Stripping large-gauge wire by hand takes forever, and if you’ve tackled it with the wrong tool, you know how quickly things fall apart. A dull blade dragging against 4/0 AWG insulation isn’t just slow, it’s dangerous. So you don’t really need to ask whether a dedicated tool matters; the question is finding the right one for your crew.

This piece walks through the tools electricians actually grab on large-gauge jobs, what makes a good stripping tool different from a frustrating one, and how to pick the right match for whatever wire size you’re handling.

The Right Tools for Stripping Large-Gauge Wire Quickly

Electricians working with large-gauge conductors (4 AWG and larger) stick to a short list of proven tools. A solid power wire stripping machine tops the list on production jobs, where speed and consistency beat saving a few bucks on equipment. The right tool cuts clean through thick insulation in one pass, leaves the conductor underneath untouched, and gets you to the next connection with confidence.

Rotary Strippers for Thick Conductors

Rotary wire strippers spin a blade around the insulation, scoring it evenly across the whole circumference. You set the blade depth upfront; that’s your safety net against nicking the copper or aluminum underneath. Most rotary models work from 10 AWG down to 750 kcmil, exactly the range you need for service entrances, feeders, and underground runs.

The speed difference is noticeable. You’ll strip a 2/0 AWG conductor in under ten seconds with a rotary tool; a manual knife takes thirty seconds or longer. On fifty terminations, that time adds up.

Automatic Wire Stripping Machines

Automatic machines go beyond rotary hand tools. Feed the wire in, dial in strip length and gauge, and you’re done. No hand pressure, no adjustment. Commercial electrical shops love these for panel builds or prefab work, especially when they’re processing the same conductor size in volume.

But they cost money. A benchtop automatic stripper runs $150 to $800, depending on gauge range and construction quality. That investment pays off for shops running production daily; it doesn’t for a single residential service upgrade.

Lineman’s Knife and Ringing Technique

The lineman’s knife isn’t outdated. It’s still your fastest option in the field when power tools aren’t an option. Ringing means scoring the insulation around the circumference (light pressure, not into the conductor), then pulling the sleeve off by hand.

This takes practice. Electricians who do it regularly learn the exact pressure needed for each insulation type. THHN, XHHW, and URD all behave differently under a blade; that’s the trick. Not fast for volume work, but it works when you’re alone in a trench finishing a service lateral.

How to Choose the Best Tool for Your Job

Three things drive the right choice: the gauge range you work with most, what kind of jobs you do, and how often you strip large-gauge conductors.

Matching the Tool to Gauge Range

Not every stripper covers every gauge. Most manual wire strippers max out at 6 AWG or 8 AWG, leaving you short for service conductors. Before buying, verify the tool’s rated range and confirm it handles the largest conductor you run on a regular basis. A stripper rated to 4/0 AWG won’t help if your spec sheet calls for 350 kcmil.

Field Work vs. Shop Work

Field electricians reach for portable tools: a compact rotary stripper, a lineman’s knife, or a heavy-duty manual stripper with wide jaws. Shop electricians and prefab crews benefit more from a benchtop machine that handles volume without wearing out your hands. The portability trade-off matters; buy for wherever you’ll actually use it most.

Blade Quality and Insulation Type

Blade material counts more than you’d think. Cheap blades dull fast on XLPE or armored cable jackets. Look for hardened steel blades and replaceable cartridges, especially if you work with direct-burial or service-entrance cable often. A dull blade needs more pressure, which is exactly how you nick conductors and fail inspections.

Conclusion

Electricians strip large-gauge wire quickly by matching job type to the right tool: rotary strippers for field speed, automatic machines for shop production, and a sharp lineman’s knife for single cuts in the field. Gauge range, job volume, and blade quality always come back into play. Buy for the actual work you do, and you’ll waste less time wrestling with insulation and more time making clean, safe terminations.

White House National Economic Council Director Kevin Hassett is expecting inflation to fall further by the end of the year as energy prices ease and economic growth continues to accelerate.

Hassett joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss inflation, energy prices, artificial intelligence investment and the broader outlook for the U.S. economy.

National Economic Council Director Kevin Hassett speaks during an executive order signing in the Oval Office of the White House. (Andrew Harnik / Getty Images)

Hassett pointed to falling Treasury yields and what he described as strong underlying economic momentum as signs that inflation pressures could continue easing in the months ahead. He argued that lower oil prices would likely have an immediate impact on consumers and businesses if disruptions tied to the Strait of Hormuz ease.

US TARGETS IRAN’S $7.7 BILLION CRYPTO NETWORK TIED TO REGIME OPERATIONS

“Core inflation is already just a smidge above target… top line inflation is going to go down as soon as we get the straits open,” Hassett said. 

“And it’s going to go down a lot.”

HIGH ENERGY PRICES RISK KEEPING INFLATION ABOVE 2% TARGET, CONCERNING FED POLICYMAKERS

His comments come as investors continue watching energy markets and Federal Reserve policy closely following volatility tied to tensions in the Middle East. Oil prices and inflation concerns have remained central issues for consumers ahead of the 2026 midterm election cycle, particularly as Americans continue to face elevated costs for groceries, housing and insurance.

Hassett reiterated that the administration remains focused on affordability and argued that investments tied to artificial intelligence, manufacturing and domestic energy production are helping strengthen the broader economy.

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