And what would you do with a spare 25 Billion Euros . Thats the question facing the irish Government Today as it delivers its budget following a huge Tax Windfall from Tech Firms. Live from london, this is business today. Im lukwesa burak. We start in the us where in the last 30 minutes tens of thousands of East And Gulf Coast Port workers have started striking for the first time in nearly 50 years. This comes after the international longshoremen s association and the us Maritime Alliance were unable to reach an agreement on the terms of their contract. The strikes will halt trade in a wide range of goods and disrupt the Countrys Economy just as we enter the final weeks before the president ial election. Our North America Business correspondent Ritika Gupt the two major sticking points between international longshoreman s association and the us Maritime Alliance are wages and automation for the workers are unhappy with the current contract which spanned the pandemic and dockworkers st
These short term targets were so weak as to be almost 00 01 02,426 4294966103 13 29,429 impossible to miss. If this trend continues, the uk could achieve targets agreed with the government for Methane Reduction which campaigns for a rapid and fair transition away from Oil And Gas production says, this is all smoke and mirrors. Impossible to miss. Mark wilsonjoins me now from 0euk where he is health, Safety Environment and operations director. Good to have on the programme. What is your response to that, that actually, the targets were easy to meet so that you could have a good, positive narrative about the North Sea . The taruets about the North Sea . The targets that about the North Sea . The targets that were about the North Sea . Lie targets that were said about the North Sea . Tue targets that were said through the North Sea Transition Deal allow the industry to demonstrate that it in infrastructure alone, if used to its full extent in the North Sea, would cause three times the emi
Downgrade is forthcoming and what are the reasons behind it . Are the reasons behind it . This is a warnin are the reasons behind it . This is a Warning Signal are the reasons behind it . This is a Warning Signal and are the reasons behind it . This is a Warning Signal and i are the reasons behind it . This is a Warning Signal and i think are the reasons behind it . This is a Warning Signal and i think the Warning Signal and i think the message they are trying to send is that you have to take this seriously. We have seen what happened recently, it issued a warning saying it would downgrade the us governments Credit Rating and then it followed through on the threat so that is the situation the banks are in. There are concerns circling and we saw higher Interest Rates and the problems caused from regional banks but on top of that there are other concerns looming, notably from the commercial real estate sector, worries that high Interest Rates are causing real problems and the trend of re
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. It is a steep fall compared to 2022. It is still the second best performance in terms of annual results at 121 billion. Two reasons why they increased the dividend pay out. Number one, Aramco Abbott is the main driver of the Saudi Arabian economy. Saudi owned entities own 19 of it and they rely heavily on that income to really find some these massive projects inside arabia. They tried to keep the