Stay updated with breaking news from Harriet sutton. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 ....
Photos in the early hours of the morning. That was near Downing Street. Also energised and with me throughout the day is our political correspondent. And in our bbc new newsroom i am joined by Economics Correspondent andy verity. We will be looking at what this budget will mean for you and will be looking at the challenges of the government and what will happen in the years ahead and whoever takes power after General Election. He shouted there as a General Election and we know there will be one before next january is so there is politics that comes with this. This is the last budget before that General Election. The chancellor has promised that his plans will simulate stimulate the flagging econo ....
a much larger group of tech workers across the industry who ve lost their jobs since the end of the pandemic. earlier, i spoke to a tech sector expert, who told me snap s quarterly results are quite dire. if you looked up disaster in the dictionary, you d see snap s earnings. they continue to be in trouble. they re on the outside looking in another black eye quarter for snap, especially the advertising team. the surge in tech lay offs in 2024 would suggest there s trouble in the industry, perhaps, but that may not necessarily be the case if we look at other key measures? i think it s a tale of two cities. the strong are getting stronger the ai revolution s here. you re seeing more spending in areas like that. but then you see non strategic areas get cut across. most of the job cuts are in the rear review mirror, i think, but it shows we re in a fork in the road period in tech where the strong are getting stronger. how does ai play into that fork in the road? ai is ....
the 528 employees who were sacked join a much larger group of tech workers across the industry who ve lost their jobs since the end of the pandemic. earlier, i spoke to tech sector expert, dan ives, who told me snap s quarterly results look rather bleak. if you looked up disaster in the dictionary, you d see snap s earnings. and this just continues to be the trouble. they re on the outside looking in another black eye quarter for snap, especially this the advertising team. the surge in tech lay offs in 2024 would suggest that there s trouble in the industry, perhaps, but that may not necessarily be the case if we look at other key measures? i think it s a tale of two cities. the strong are getting stronger. the ai revolution s here. you re seeing more spending in areas like that. but then you see non strategic areas get cut across path. i think most of these job cuts are in the rear review mirror, but itjust shows we re going into a fork in the road period for tec ....
currently we have got some rain pushing across the south east, clearing through this morning. behind it, a mixture of sunshine and showers, some of the showers heavy and thundery in northern and central scotland. another breezy day. details later. the parents of a young person at the heart of allegations against a bbc presenter are standing by their account, according the sun newspaper, after a lawyer representing the individual said their claims were rubbish. the newspaper first reported that the unnamed presenter had allegedly paid a teenager for sexually explicit photos last week. our correspondent charlotte gallagher has the latest. after days of damaging headlines, allegations and rumours, this story of a bbc presenter allegedly paying thousands for sexually explicit images is still dominating front pages. now a statement on behalf of the young person at the centre of this. they ve called the allegations, by their mother, rubbish. their lawyer says, nothing inappr ....