Page 3 - Sameer Hashmi News Today

And well ask why one of indias most succesful entrepreneurs known as the coffee king has died, in unexplained circumstances. Over the last couple of hours, all eyes have been on this man, the chairman of the Us Federal Reserve, Jerome Powell. Hes announced a cut in Interest Rates by a quarter of one percent for the First Time Since the 2008 financial crisis, when the American Economy was in the depths of its worst recession since the 1930s. We decided today to lower the target for the federal fu...

We start with one of the worlds biggest tech events, mobile world congress, which is getting under way in shanghai. With technology at the heart of the us china trade war its difficult for the 60,000 delegates to get away from the tensions its causing whether thats around 56 telecoms, Artificial Intelligence or big data. That trade war has led to tariffs on more than half the goods the worlds two biggest economies sell to each other. And the us is threatening tariffs on another 300bn of goods wh...

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...

Between april and june, the company made a Profit Ofjust over 30 billion, a lot of money by anyones metric, but significantly down from more than the 48 billion it made in the same period a year ago. The main reason is, as you can see here, that oil prices during the period were at the lowest point in the last year, as the boost they got from russias invasion of ukraine wore off. And last week, in an effort to keep them that way, saudi arabia said it would only produce nine Million Barrels a day...

Business stories. We start in saudi arabia as the Worlds Biggest Oil Company Aramco is set to announce its latest Half Year Results in the next half an hour or so. Last year, aramco netted record profits of over 160 billion, buoyed by soaring energy prices. But in may this year, they reported that profits dropped by nearly a fifth in the first three months of the year as the gloomy Global Outlook saw oil prices drop. To tackle this, saudi arabia has been cutting production to the tune of1 Millio...

Performance dividend. Live now to our middle east Business Correspondent sameer hashmi. Samir, Rhe Saudi State remains overwhelmingly aramco� s biggest shareholder, so they remain the big winner in the aramco story. Well, thats right. They own around 90 of the company and the payout, the bulk of it, will go to the saudi government. If you look at aramco, every quarter they have been paying about 19. 8 billion of dividend. This time they have added another amount to that amount, because they sa...

Business headlines. Us Investment Firm Elliott Advisors has walked away from making a takeover bid for currys after being rejected by the retailers board in its own words multiple times. It had initially proposed an offer that valued the electricals chain at £700 million, and later raised it to 757 million. But currys rebuffed the approaches, saying they significantly undervalued the business. Currys could still receive a bid from chinasjd. Com, which said last month it was mulling an offerfor ...

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Another 45 are said to be injured. The Hazara Express came off the rails near nawabshah in Sindh Province, as it travelled from karachi to abbottabad. These are the latest pictures from the scene, in a remote area. Emergency workers are battling to rescue passengers trapped in at least five overturned carriages. Pakistans Railways Minister says more rescue teams have been dispatched to the site. An emergency has been declared in nearby hospitals including this one in nawabshah where casualties h...

Hello and welcome. We start in ukraine, where president Volodymyr Zelensky says a russian guided bomb has hit a Blood Transfusion Centre in the north east, causing casualties. He says rescuers are at the scene in the town of kupiansk 7 where there are quote dead and wounded. The reported strike came shortly after kyiv said missiles had hit a facility which manufactures engines for aircraft and helicopters in the country s west. In a tweet, president zelensky said this war crime alone says everyt...