That company is the saudio oil giant saudi aramco, and its feeling the effects of lower oil prices, lower than expected demand from china, and thinner Profit Margins for refining oil. Between april and june, the company made a Profit Ofjust over 30 billion, lot of money by anyone� s 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. That extended Production Cuts by the 0pec group of big oil producers, who profit more from a higher price. When it comes to saudi aramco, those higher prices mean higher Dividend Payments for shareholders, and its boosted those to nearly 30 billion in the current period. So i put it to our middle east Business CorrespondentSameer Hashmi that even with falling profits the biggest winner is the saudi government, aramco� s biggest shareholder. The saudi government owns around 90 of the company and the dividend payout, the bulk of it will go to the saudi government. And its not a surprise because if you look at aramco every quarter, theyve been paying about 19. 8 billion as dividend. What theyve done is this time that they have added another 50 to that amount in the form of this performance linked dividend, which they say is because the cash flows were quite healthy. And thats the reason they decided to increase that overall dividend income, which will be definitely quite beneficial for the saudi government because it relies heavily on the aramco, you know, generating revenues for it and that will help them in their Oil Diversification program. Theyre building these mega infrastructure projects, new tourist destinations. All this has been done keeping in mind that oil demand will decline in the decades to come and theyll have to come up with new revenue streams. So when it comes to those projects, this income is quite critical. Well, its really interesting, isnt it . Because its these oil profits being reinvested into Green Energy Projects. They are a huge backer of Green Energy Projects right across the world. They are, however, limiting supply. Theyre one of the countries in 0pec , arent they . And they are sort of limiting supply when it comes to oil. And theyve been doing this since late last year. What is the rationale for that . I think the saudis are the leaders of 0pec , which is the oil cartel, and theyre also the largest exporters of oil in the world. About 10 million. Their capacity is about 11 Million Barrels or a little over that. Now, what the saudis are seeing is that oil prices have been going down. Theyve been hovering around 75 for most of the year. For the saudis to make money, to be able to break even, they need oil prices to be at about 80 to 85. And thats why they have voluntarily cut Oil Production by1 billion barrels sincejuly, because they want the oil supply to tighten a bit, which could prop up prices. And thats why they have gone ahead and extended those cuts, anticipating that prices may go up. Now, the reason behind that is because saudis and opec and other International Agencies expect oil demand to actually decline due to the economic headwinds and because of tightening monetary policy. And this is having an impact on businesses across the globe. And the second reason is china. Now, china is the Largest Consumer of oil in the world. Now, Many Oil Companies and Oil Exporters had expected that demand would really zoom in china once they open. And the country post covid. But that hasnt really happened. The recovery hasnt been that swift, which is why there are concerns that oil demand could decline in the in the second half of the year. A fixture of American Roads for nearly 100 years is set to disappear. Thats because nashville based yellow truckings years of financial struggles have ended in bankruptcy. The companys 30,000 staff played a major role in delivering parcels for retailers such as walmart and home depot. Lets speak to our North AmericaBusiness CorrespondentMichelle Fleury in new york. What happened 7 what happened . Its a sound and to histo. What happened . Its a sound and to history two what happened . Its a sound and to history. Two thirds what happened . Its a sound and to history. Two thirds of what happened . Its a sound and to history. Two thirds of their history. Two thirds of their employees belong to the union. This is a firm that essentially got done in by having too much debt but if you look at the filing when they filed for Chapter 11 Bankruptcy Protection over the weekend, they said that the final straw in many ways was the union and tense negotiations had been going on. Let me read you what the ceo said, he said we face a nine months of Union Bullying and deliberately destructive practices. So something avoiding going on there because i can read you what the union said in response. They said they sacrificed billions of dollars in Wage Benefits and retirement and they pinned their corporate incompetence on working people. Clearly there are blame perhaps to go all around in this but it is a sad day and at the end of an hundred year company which is now trying to wind down its operations and it says it will repay the 700 million loan it received as part of pandemic relief which was meant to keep it afloat. Pandemic relief which was meant to keep it afloat keep it afloat. 30,000 people are now without keep it afloat. 30,000 people are now without a keep it afloat. 30,000 people are now without a job keep it afloat. 30,000 people are now without a job and keep it afloat. 30,000 people are now without a job and for keep it afloat. 30,000 people are now without a job and for many i keep it afloat. 30,000 people are now without a job and for many ofj now without a job and for many of those people, they had been with the company 20,30, those people, they had been with the company 20, 30, a0 years. This was very much an institution for lots of people but i suppose its almost a self fulfilling prophecy. When a Company Looks like its going under and there had been rumours of this for a long time, shippers start moving elsewhere, customers are moving elsewhere, customers are moving elsewhere, customers are moving elsewhere and then without that demand, it is very difficult to turnit that demand, it is very difficult to turn it around . That demand, it is very difficult to turn it around . Yes, yellow occupies a secific turn it around . Yes, yellow occupies a specific place turn it around . Yes, yellow occupies a specific place or turn it around . Yes, yellow occupies a specific place or role turn it around . Yes, yellow occupies a specific place or role within turn it around . Yes, yellow occupies a specific place or role within the a specific place or role within the Shipping Industry. It is for people who dont have a full container load of deliveries to be made. It can take smaller deliveries from different customers, including home depo and walmart. When word got out that there was a potential strike looming, some of them diverted their business elsewhere to not get caught up business elsewhere to not get caught up in that. The room is a bankruptcy accelerated that. The more broadly speaking, there is a mismatch between demand and supply in the Shipping Industry right now and so people think this withdrawal of capacity might actually help shipping overall as consumers move from gifts to services as they emerge from the pandemic and out and about. , ~ ,. , emerge from the pandemic and out and about. , ~ ,. To croatia now where tourism is the largest industry. Its long stretch of Adriatic Coastline draws in visitors from all over the world, but like many places they are facing a shortage of workers to serve them. Well now the country is increasingly looking to asia and its workers to fill the gap, as guy de launey reports. Croatias coast is busier than ever. A Record Number of visitors arrived in the first half of this year and this summer is set to break all previous records. Thats great news for croatias economy. Around a fifth of its gdp comes from tourism. Adopting the euro and joining the borderless Schengen Area seems to be giving it another boost. Theres just one problem. Finding staff to serve all those sun seekers is becoming a severe issue. Theres a real shortage of seasonal workers, both locally and in the traditional Recruiting Grounds of other former yugoslav countries, so many businesses are starting to look a lot further afield. Staff from places like nepal, bangladesh and the philippines are filling the gaps. Taking on workers from outside the region is a new experience for many employers, but theyre just grateful they can find the personnel. Translation they are as lovely people as anyone we could find here. They come to work, they do the job, and we dont have any problems with them. We are working together like family. For the workers, its an opportunity. Wages in croatia may be a quarter lower than the eu average, but theyre still considerably higher than they could get at home. Nepal is not too much give us jobs and salary, so we have not to fulfil our dreams. In croatia, we can do the same work and earn much better salary. Despite the arrivals from asia, businesses of all kinds are still chronically short staffed. Croatias Unemployment Rate is currently lower than its ever been and Employment Agencies want the authorities to make it easier to import workers. Theyre understaffed, so everything is about two months until we get the working licence. When the working licence is finished, then we send it to the embassy. The embassy, maybe one month, maybe three months. It all depends about periods in the year, you know . And if the Croatian Coast continues to pull in the punters like this, they need all the workers they can get. Guy delaunay, bbc news, rijeka. In other news. The german firm Siemens Energy says it expects to lose nearly 5bn this year, because of problems at its wind turbine division. Thats despite what the company said was a sharp growth in orders, which comes as europe continues to try to make more of its energy from renewable sources. The Chief Executive said that wrinkles had been found in some rotor blades, which are made of more than 150 layers of glass fibres. The uk based Mining Giant Bhp has won an important legal battle over a dam disaster which has been called the worst in brazils history. 19 people were killed when the Fundao Dam Burst in 2015 and destroyed hundreds of homes. The court ruling in london means that Brazilian Iron Ore Producer Vale will have to share responsiblity if the miners lose a a6 billion compensation lawsuit. The Company Behind the barbie movie says its taken more than 1 billion in global ticket sales in its first 17 days. It means greta gerwig has become the first woman to reach the milestone as a solo director. A top warner bros executive said that the success with long lines in cinemas and repeat viewings prove that movies are back after the cinema industrys troubles with pandemic lockdowns and competition from streamers. Around the world and across the uk. This is bbc news. There could be a connection between bird species in the area and the Mental Health of People Living there. Scientists compared figures from the database. Major flooding in alaska has triggered a state of emergency. It has prompted evacuations for some residents in the state capital. This is the moment a house collapsed in the river there. A glacial outburst happens when water escapes through cracks in a thinning ice dams. The uk government has said it will trap all signs against employers and landlords who allow Illegal Immigrants to work for them or rent their properties. Firms who have found to have repeatedly employed Illegal Migrants could face fines of p Illegal Migrants could face fines of up to £60,000 per breach. Youre live with bbc news. Three hillwalkers have been found dead after failing to return from a walk in the scottish highlands. Live now to our scotland correspondent, james shaw. Tell us more . A very serious situation tell us more . A very serious situation that tell us more . A very serious situation that has tell us more . A very serious situation that has emerged l tell us more . A very serious| situation that has emerged in tell us more . A very serious situation that has emerged in the Western Highlands in scotland just within the last half an hour or so. A search had been going on since about 9am on saturday 9pm on saturday night when these three men did not return when they were scheduled to from the climb on average in glen coe and i should explain that glencoe is a spectacular rocky valley. Its a real magnet for minors and hill walkers. There is an incredible scenery in that part of the west coast of scotland. Many people go there in the winter but also in the summer to there in the winter but also in the Summerto Climb and there in the winter but also in the summer to climb and do hill walking. Clearly this is what these three people were doing at the weekend. Something has gone wrong, we do not know exactly what. There was a big Rescue Operation including helicopters, a number of Mountain Rescue Team scarring that part of glencoe to try to find these three men and that search was successful in the sense that they found them but sadly, all three of them have died. I should stress that this is actually quite an unusual event. Even though climbing and hill walking can be dangerous, for three people to die in one incident like this is really quite unusual. Occasionally, it happens in the winter, particularly because of phenomena like avalanches which can sweep away a number of people at the same time. But for three people to die in one instant in the summer is quite unusual. The police will be involved in looking at what has happened, trying to understand what has happened. As far as we know, they are saying there were no suspicious circumstances so it appears to have been an accident but we will wait to hear more about the circumstances of this rescue, why it happened and also the people who were involved. Happened and also the people who were involved. ~. ,. , were involved. What was the weather like over the were involved. What was the weather like over the weekend . Were involved. What was the weather like over the weekend . Im were involved. What was the weather like over the weekend . Im not like over the weekend . Im not exactly clear like over the weekend . Im not exactly clear on like over the weekend . Im not exactly clear on that like over the weekend . Im not exactly clear on that particularl exactly clear on that particular part of scotland. There were certainly some bad weather across parts of scotland but in terms of specifically not local area, where not entirely sure that you can be certain that when you get a certain height, it tends to be more windy, it has to be colder and that can make conditions a lot more difficult if you are getting into difficulty, if you are getting into difficulty, if the weather is getting bad. That sto has if the weather is getting bad. That story has only if the weather is getting bad. That story has only recently broken so thank you for the latest details on that. Lawyers for the former pakistani Prime Minister, imran khan, have been in court today, challenging a decision over the weekend to jail him for three years. His lawyers say he is being held in deplorable conditions in jail but remains in good spirits. He was sentenced, on saturday, for failing to declare money earned from selling state gifts, while he was in office. After the verdict he was taken from his home directly to prison. He has denied the charges. Salman safdar, a lawyer representing the former Prime Minister, gave us his reaction to the sentencing. Shocking the more than manner in which this verdict has been announced. And we would say that imran khan has not received a fair trial at all and he has been condemned unheard. The conduct of the judge has been most objectionable in the whole proceedings from the very outset, and it was probably written on the wall that he has one agenda and that is to convict imran khan on the flimsiest of charges. There is a lot of resentment and a lot of reaction from the bar as well, because lawyers and advocates were also maltreated during the proceedings and not to talk about imran khan and the environment of the court. Unpleasantries were exchanged and our main concern regarding the judge was that there was an obvious bias on his part, which became apparent after his facebook account was discovered, which contained a lot of hate material against the former Prime Minister personally and his party. But in terms of the basic charge of not declaring money gained from selling state gifts. Does he deny doing that . Yes, of course, he denied that. Our main case has been that the evidence has not been considered properly and appreciated properly. And the judge, quite shockingly, in the middle of hearing the arguments, just retired in his room and came back after 30 minutes with a 30 page written judgment, handing down conviction of three years along with sentence. Now, this is indeed very shocking because the trial was still under process and he denied Imran Khan Producing Defence evidence, which was his right. So in terms of legal moves, what is your next legal move in that case . Well, its a short sentence of three years, and under the normal circumstances we would file an appeal in the high court for suspending the sentence. Now, the difficulty is during the past three days, almost two and a half days, lawyers as well were denied access, meeting imran khan and seeking his signatures and authorisation on the relevant documents. He has been taken away 300 kilometres away from lahore, kept injail in the most inhumane conditions, with denial of access to his lawyers, to his family. And today, members of your team have met him today, havent they . Yes. Finally, this happened today at a 00. And this was an interaction where our client revealed the conditions in which hes being kept. He signed the papers. Hes being kept in a tiny room with deplorable conditions. There is no ventilation in the washroom, and there is a lot of mosquitoes, a lot of insects crawling in the room. But, and this is class c condition, which is being given to him, of course, deliberately just to settle political scores with him. But hes resolute and in high spirits. Now, imran khan, only a couple of days ago called for peaceful protests. He said people shouldnt sit quietly in their houses. Theres been no sign of that. Is that an indication that his support there in pakistan has effectively dwindled . Perhaps the support has been silenced. I would put it that way. He is still one of the most popular leaders in pakistan, with 80 of the masses supporting him. The recent events that had taken place on the 9th of may, in fact, that is one of the reasons why you are not seeing a lot of support for him on the roads. But yes, everywhere people are very concerned, especially with the more let me bring you the latest on industrial action from consultants industrial action from consultants in the nhs because we are Hearing Consultant in england will strike potentially on September The 19th and 20th if the government continues in their words to refuse to agree to pay talks and present them with a credible author. This hasjust pay talks and present them with a credible author. This has just come from the british medical association. There were two days of strikes injuly, followed by two planned in august, the 2ath and 25th Of August but potentially new strike dates being announced for september. September 19 and 20th. The government has said that consultants, their pay claim was unrealistic but the bma making the point today that consultants. It demonstrates the governments complete disregard for the value of consultants. New dates for potential Strike Action just being announced ljy Strike Action just being announced by consultants in the nhs. Now to scotland, where the Edinburgh Festival fringe is in full swing. Its the Worlds Largest arts festival, featuring performers from across the world with more than 3,500 shows this year. Our reporter Courtney Bembridge is there. Thousands of people come from Around The World. Performers keen to make their name but imagine if you came here wearing to go and the audience contained just one person. Well, that happen to my guest robin granger. He persisted, there was not a moment where he denied he was going to go out on that stage. How was that experience . It going to go out on that stage. How was that experience . Was that experience . It was interesting. Was that experience . It was interesting. It was that experience . It was interesting. It was was that experience . It was interesting. It was nerveracking, interesting. It was nerve racking, it was interesting. It was nerve racking, it was exciting but it was ultimately good because i went ahead and did ultimately good because i went ahead and did the show and it snowballed, the show and did the show and it snowballed, the show started to sell out. Performing to that one person has catapulted you. He ended up doing interviews for german media, Around The World, after that. And us because of somebody who is waiting outside your show . Shifter because of somebody who is waiting outside your show . Outside your show . After the show ended, outside your show . After the show ended. There outside your show . After the show ended, there was outside your show . After the show ended, there was a outside your show . After the show ended, there was a reviewer outside your show . After the show ended, there was a reviewer to ended, there was a reviewer to review ended, there was a reviewer to review the ended, there was a reviewer to review the show. She is a Comedy Critic review the show. She is a Comedy Critic and review the show. She is a Comedy Critic and she spoke to me and then she put critic and she spoke to me and then she put on critic and she spoke to me and then she put on the online which then went she put on the online which then went Virat She Put on the online which then went viral and then was picked up by national went viral and then was picked up by National News and globally viral. She commented to a member of staff to say that show sounds like its going fantastically and she was told properly there was only one person in the audience. You must have done an amazingjob, in the audience. You must have done an amazing job, how did you summon that mass energy with only one person there . I that mass energy with only one person there . That mass energy with only one person there . I ust thought, he bou~ht a person there . Ijust thought, he bought a ticket, person there . Ijust thought, he bought a ticket, lets person there . Ijust thought, he bought a ticket, lets do person there . Ijust thought, he bought a ticket, lets do the person there . Ijust thought, he i bought a ticket, lets do the show, lets see bought a ticket, lets do the show, lets see how it goes, lets sell it as if lets see how it goes, lets sell it as if the lets see how it goes, lets sell it as if the romish full and giving the best experience as he can. And you have maintained best experience as he can. And you have maintained a best experience as he can. And you have maintained a friendship best experience as he can. And you have maintained a friendship with l have maintained a friendship with him, can you tell me how thats done . I him, can you tell me how thats done . ,. , him, can you tell me how thats done . ,. ,. , him, can you tell me how thats done . ,. ,. , done . I messaged him today, he is a lovely man done . I messaged him today, he is a lovely man he done . I messaged him today, he is a lovely man. He actually done . I messaged him today, he is a lovely man. He actually snuck done . I messaged him today, he is a lovely man. He actually snuck into i lovely man. He actually snuck into my final lovely man. He actually snuck into my final show that sold out last year~ my final show that sold out last year~ and my final show that sold outlast year~ and i my final show that sold out last year. And i said why didnt you mention year. And i said why didnt you mention that you are here . He just said he mention that you are here . He just said he wanted to see a show with the audience and he travelled there to he the audience and he travelled there to be part the audience and he travelled there to be part of the fly and poster design to be part of the fly and poster design for this years show. So that haened design for this years show. So that happened last design for this years show. So that happened last year. Design for this years show. So that happened last year. This design for this years show. So that happened last year. This year, design for this years show. So that happened last year. This year, you j happened last year. This year, you base your show around the fact there was any one person there. Cyan the show is called an audience of Robin Grainger because that is the word she used in the article. We branch off into bigger she used in the article. We branch off into bigger subjects she used in the article. We branch off into bigger subjects and she used in the article. We branch off into bigger subjects and the i off into bigger subjects and the fears off into bigger subjects and the fears i off into bigger subjects and the fears i might have. It is a funny, Uplifting Fears i might have. It is a funny, uplifting show and you will leave happier uplifting show and you will leave happier then you came in. Sometimes ou ust happier then you came in. Sometimes you just need happier then you came in. Sometimes you just need a happier then you came in. Sometimes you just need a little happier then you came in. Sometimes you just need a little push, happier then you came in. Sometimes you just need a little push, i you just need a little push, i understand your girlfriend gave you a push when you are told of two minutes to go there is only one person in the audience and had a moment when he fought, should i go ahead . And she gave you a little push, what has that result in . She said, ust push, what has that result in . She said. Just do push, what has that result in . She said, just do the show and as i did it, said, just do the show and as i did it. As said, just do the show and as i did it. Asa said, just do the show and as i did it, as a tribute, i got a tattoo to the festival it, as a tribute, i got a tattoo to the festival and it says, just do the festival and it says, just do the show the festival and it says, just do the show which always reminds me to be a the show which always reminds me to he a hit the show which always reminds me to be a bit brave when im apprehensive and if be a bit brave when im apprehensive and ifyoure be a bit brave when im apprehensive and if youre scared of something, ust and if youre scared of something, just go and if youre scared of something, just go ahead and try it. Now and if youre scared of something, just go ahead and try it. Just go ahead and try it. Now you have a soldout just go ahead and try it. Now you have a soldout show just go ahead and try it. Now you have a soldout show and just go ahead and try it. Now you have a soldout show and this i just go ahead and try it. Now you i have a soldout show and this time. Have a sold out show and this time. Tell us about all the interest he had from Around The World . People keep coming had from Around The World . People keep coming to had from Around The World . People keep coming to see had from Around The World . People keep coming to see the had from Around The World . People keep coming to see the show. I had from Around The World . People | keep coming to see the show. Some people keep coming to see the show. Some people last keep coming to see the show. Some people last year came all the way from people last year came all the way from canada to see the show. People message from canada to see the show. People message me from all Around The World to this message me from all Around The World to this day message me from all Around The World to this day. Shows this area might have to this day. Shows this area might have been to this day. Shows this area might have been going really well, its ust have been going really well, its just a have been going really well, its just a wonderful feeling. What advice would just a wonderful feeling. What advice would you just a wonderful feeling. What advice would you give just a wonderful feeling. What advice would you give to i just a wonderful feeling. Harriet advice would you give to those performers who are performing to just one person . Just performers who are performing to just one person . Just one person . Just go for it, it is if theres just one person . Just go for it, it is if theres one just one person . Just go for it, it is if theres one person just one person . Just go for it, it is if theres one person or just one person . Just go for it, it i is if theres one person or hundred people is if theres one person or hundred people do is if theres one person or hundred people. Do your best, its your show. People. Do your best, its your show, perform it as best as you can and you show, perform it as best as you can and you never know whats going to happen and you never know whats going to happen. And and you never know whats going to ha en. � ,. , and you never know whats going to hauen. � , � , and you never know whats going to hauen. � , happen. And ust hope theres a critic there i happen. And just hope theres a critic there thank happen. And just hope theres a critic there thank you happen. And just hope theres a critic there thank you so i happen. And just hope theres a critic there thank you so much | happen. And just hope theres a i critic there thank you so much for sharing your story. That eight from Edinburgh Fringe for now. Now its time for a look at the weather with ben rich. Hello there. For a time this week the weather is set to feel a little bit more this is whats going on right now. We have quite a potent area of low Pressure Swirling across northern europe. That is bringing heavy rain and some gales the winds are starting to pick up here through the night. Elsewhere, the winds will be lighter. Well see some clear spells, the odd shower and there is a zone of Cloud Rolling in from the west. Bits of pieces of rain, bits of murk through the morning, Turning Muqqy Of Murk through the morning, Turning Muggy here as well. Another fairly chilly night. For tomorrow, muggy here as well. Another fairly chilly night. Fortomorrow, our deep blow continues to swell. It is going to turn increasingly windy. A significantly weaker Weather System but feeling a lot of Cloud Eastwards across wales into the midlands and eventually east anglia. Some spots of drizzle but much of Northern England seeing some sunny spells. Some showers into scotland. Temperatures will only get to 12 degrees in shetland. Elsewhere, 17 to 20, so still attached below par for the time of year. Into wednesday, we will see quite a lot of cloud, but mr Mcfall Coast Coastal Hills and spots of drizzle. Tending to feed north eastward but some spells of sunshine too. Turning a little bit warmer, up to 2a25 degrees in the south but thursday are set to be the warmest day of all. The southerly winds being temperatures widely into the 20s. Many spots get up to their mid 20s celsius but it will stay chilly in the north east of scotland. When we do have the warmth and humidity, it wont last all that long. By friday, we see the cold front pushing its way eastwards. The wind is coming backin way eastwards. The wind is coming back in from the atlantic and it will start to feel cooler again as we head into the weekend and there will be some showers or longer spells of rain. Live from london, this is bbc news. The first Asylum Seekers to be housed on a barge off the south coast of england have arrived, with more expected later in the day. Three hillwalkers have been found dead afterfailing to return from a walk in glen coe in the scottish highlands. Coup leaders in niger close the countrys airspace citing the threat of Military Intervention from neighbouring powers. And drama at the womens world cup england beat nigeria after a Penalty Shoot Out to the delight of fans at home. Cheering and applause hello, im matthew amroliwala, welcome to verified live, 3 hours of breaking stories, and checking out the truth behind them