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Business stories. We start in saudi arabia as the Worlds Biggest OilCompany 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 Million Barrels a day. They started in july and have now extended to september. The oil price has since been creeping up. Live now to our middle east Business ....
Well, to find outjoining me now is erik waiss, ceo and partner at donutelier. good morning. good morning, thank you for having me. do you have itaker s thank you for having me. do you have baker s is thank you for having me. do you have baker s is at thank you for having me. do you have baker s is at this thank you for having me. do you have baker s is at this time. - have baker s is at this time. we start to trade at half past eight until half past 10pm, however, the team is already there from four o clock in the morning. i was going to say because freshly baked doughnuts as part of the main selling point, i believe? point, i believe? yes, donutelier point, i believe? yes, donutelier is - point, i believe? yes, donutelier is a - point, i believe? yes, i donutelier is a boutique doughnut shop, we take the do that to the next level, through the window you can see the creation where we do the piping and glazing and toppings, this is where the magic starts. we do fresh doughnu ....
Benefits. ~ , benefits. where we see the roduct benefits. where we see the product being benefits. where we see the product being used - benefits. where we see the product being used most i benefits. where we see the product being used most is| product being used most is those with cognitive decline, dementia and alzheimer s and the like and severe loneliness and isolation. there are lots of people, as you pointed out with your friend, they are at a stage in their life when they cannot have a pet any longer, and they really want to have that experience, so what has really resonated is that it is very simple. you don t have to bring out an instruction manual. you give this to somebody, they bring it in and name it immediately and the magic starts, so there is lots of technology within the product, but we talk about the magic and the feeling and of ownership and companionship that it brings to people in those situations.- that it brings to people in those situations. what are sales lik ....
Yet. this is only to the first stage. we re going to put that into dean: i couldn t not eat it right now. you could eat it right now. it is at 160 degrees in temperature. ed: do you know how upset pete hegseth is that he took the weekend off? you can actually eat that right now but what you want to do is cut this up into cubes because this is where the magic starts. we take that and put it into a pan. we re going to add some butter. do you see how hot that butter is? we re going to add some butter, we re going to add some brown sugar. ed: oh, yeah. we re going to add some honey and we re going to add a little bit of barbecue sauce. ed: nice. now this is, again, my boston butt recipe that is on masterbuilt.com and we re turning that into a burnt end boston butt recipe. ....
Don t want the exact same deal everybody else is getting. so the brilliance of these sites is it makes you feel like you and a tiny handful of other people stumbled on to this great, fabulous find. and that s wonderful. it s like the biggest store in the world. reporter: this is where the magic starts at new york s brooklyn navy yard of all places. in this hot, dusty, 200,000 square foot facility. what some fashion addicts call the holy grail. gilt group s warehouse. how do you get people to buy clothing that they can t touch, can t feel, and can t try on? i think it s a couple of things. one is that it s appointment shopping. we have turned shopping into an event. reporter: that s for sure. i feel that shopping on gilt has turned me into a better multitasker than i was before. it fuses two of my major interests which are being lazy and shopping. reporter: think it s a fad? think again. gilt group was founded less than ....