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 Cor
It has been the wettest 18 months on record since 1836, one of the wettest winters in decades that many farmers can remember. It has had a huge impact on the ability to grow crops and it has been quite sudden. In 2022 we were talking about extreme heat and drought and farmers not being able to get crops out of the ground because it was baked too hard. This winter they have not been able to get them in the ground because it has been too wet, waterlogged and soft, basically. That means that the amount of wheat and winter barley, oilseed rape were likely to harvest this year will be down a third, and looking across all the farming sectors, fresh fruit and vegetables, meat and dairy, eggs, that will be enough to drive an 8 reduction in the headline self sufficient and seen when, Self Sufficiency when measured by volume. Around 86 over the period btween 2018 and 2022 to 78 this year or thats what we estimate. Egypts economy has been struggling with the burden of high debts and an overvalued
included in the promise of the country today. i still believe that. i m still optimistic, but i need you. so my question for you is simple, a simple one. are you with me? talk to your family. that was president biden receiving chants of four more years from a crowd in philadelphia yesterday where he and the vice president made a pitch to black voters. we ll have more from their campaign stop in just a moment. meanwhile, the former president was stuck in a courthouse holding room as a jury deliberated his fate in the criminal hush money case. we ll recap everything and bring you expert legal analysis. also ahead we ll go through new reporting on senator rick scott s latest bid to replace mitch mcconnell as the next republican leader in the upper chamber. all right, good morning and welcome to way too early on this thursday, may 30th. still may. i m sam stein in for jonathan lemire. we are on a verdict watch this morning. in just hours the jury in the donald trump hus
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 brazil s 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 it s 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
and stationery, are driving increased spending. its online business and ad sales also added to the strong bottomline. whatsapp has shut down a complaints helpline set up by the taliban when it took control of kabul, after the messaging app came under pressure to block the insurgent group from using its services. critics in the us have attacked whatsapp, along with other social media platforms, for not taking more action to shut down taliban communications. us authorities have confirmed that they will extend a mandate requiring travelers on planes, trains, taxis and buses to wear masks untiljanuary 18 next year, as cases surge again due to the delta variant. mining giant bhp is set to leave the ftse 100 index after unveiling plans to scrap the dual listing of its shares in london and sydney. the company will move its main listing to australia as part