Louise Loo News Today

A sharp fall in its net profit, slipping 25 in 2023 compared to the previous year. Aramco attributed the downturn to Lower Crude Oil prices and decreased production. The companys net income dropped from 161 billion in 2022 to 121 billion last year. Despite the challenges posed by declining oil prices, aramco will increase its dividend payments, providing a much needed financial boost to saudi arabia. Lets get more now from our middle east Business Correspondent sameer hashmi. With a big fall off...

What this materials more means for the rest of the world. The consensus is that will be damaging not fatal for the United States. The reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. You dontjust dig them up from the ground, they are derived from a more complicated Reduction Process and china has that capability. So governments and businesses will have to rely on cheaper sub...

is the closest estimation to its sales figures. 0ur north america business correspondent erin delmore reports. calls itself the big scarber brown youve never heard of, but it may be about to change. more of vehicles in the last three months than tesla did. thats a first. the american company is facing headwinds, higher borrowing costs in the us led to spelling demand —— slowing demand. but the chinese rival is a gluing, enjoying tailwinds with them unlike tesla, byob makes its own ...

lets start with china, because its currently holding its annual two—day national peoples congress and has set out its economic forecast for the year. premier li keqiang told a packed audience in beijing on sunday, that the government hoped to achieve economic growth of around 5% in 2023. the figure is in—line with most analyst predictions. last year, successive strict lockdowns slowed chinas growth. official figures show the worlds second largest economy grew by 3% last year, which...

the imf said it welcomed steps announced by policymakers earlier this month to stabilise chinas beleaguered property sector. lets get the low down now with louise loo, who is china economist at oxford economics. louise, looking for china. projected to grow beyond expectations.— projected to grow beyond expectations. yes, exactly. this is very _ expectations. yes, exactly. this is very positive - this is very positive assessment. i think the upgrade to the growth forecast notjust this...

facing a flood of cheap chinese cars, europes expected to raise tariffs on electric vehicles today. apple investors push its value up to record highs following its foray into the world of ai. well look ahead to the uks latest economic data as aprils gdp data is released. will it spur a bank of england rate cut? plus, supplies are squeezed for the makers of orange juice with prices going up due to extreme weather and disease. welcome to business today. we start in europe, where china is...

China's economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness in the troubled

"Consistent bad news from the property sector has overshadowed more resilient parts of the economy," analysts at AllianceBernstein wrote.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

BANGKOK -- Chinas central bank announced Tuesday that it cut its 5-year loan prime rate while leaving its 1-year rate unchanged in the latest move to ease pressures on the ailing property market.