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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 in profit, why is it increasing its dividend . It its dividend . Is a steep fall compared to 2022. ...

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 substitutes and alternative sources. It means prices will go up, it means some products might be less e...

is the closest estimation to its sales figures. 0ur north america business correspondent erin delmore reports. calls itself the big scarber brown you've never heard of, but it may be about to change. more of vehicles in the last three months than tesla did. that's 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 batteries, so controlling that part of the supply gives byd more ability to cut prices. as my coll...

let's start with china, because it's currently holding its annual two—day national people's 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 china's growth. official figures show the world's second largest economy grew by 3% last year, which was way below the government target of five and a half % and its slowest for decades. lets dis...

the imf said it welcomed steps announced by policymakers earlier this month to stabilise china's 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 year, next year, suggest to us that there is a good sense of expectation that policies will contin...