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
and the winning team s captain being strechered off after collapsing on the pitch. all: what happened to - the math teacher s garden? it grew square roots. from larking around in school to being crowned britain s funniest class, we ll speak to the 10 year old behind their winning joke. and in weather, it s going to be a sunny, coola and in weather, it s going to be a sunny, cool a day for many but the dry story continues and will do so through much of the coming week. all of the details right here on breakfast cooler. it s sunday the 28th of may. our main story questions still remain this morning as to why passport egates stopped working at major airports across the uk. tens of thousands of passengers were left waiting hours as passports had to be checked manually. the home office says the issue has now been fixed, as vincent mcaviney reports. woman: this is gatwick s line. at the start of a bank holiday weekend and half term, it was the last thing these travellers at ga
report found that mr sharp failed to properly disclose his involvement in facilitating a loan of almost $1 million for the uk s former prime minister borisjohnson. this morning mr sharp released this statement. have a listen. missed to store s view is that while i did breach the government s code for government appointments he states very clearly that a breach does not necessarily invalidate an appointment. indeed, i have always maintained breach was inadvertent and not material which the facts he lays out substantially at mr heppinstall. the secretary of state consulted with the bbc board who support that view. nevertheless, i have decided that it is right to prioritise the interests of the bbc. i feel that this matter may well be a distraction from the corporation s good work where i had to remain in post until the end of my term. i have therefore this morning resigned as the bbc chair to the secretary of state and to the board. state and to the board. that s richard sh
of big ben, where the countdown was projected within the london eye in the lead up to midnight. a spectacular firework display lit up the skies for around 12 minutes in what was thought to be the largest display in europe, with over 12,000 fireworks. there were tributes to the late queen elizabeth, to ukraine s resistance against russian invasion, and 50 years of pride celebrations. the display returned to the banks of the river thames for the first time since the beginning of the pandemic. 0ur correspondent greg mckenzie has been soaking up the atmosphere amongst the many thousands of revellers. i am absolutely speechless. that was a 12 minute spectacular. the biggest firework display in the entire europe having taken place just a few minutes ago, and in an incredible way to start the new year. big ben, the chimes the bongs of the big ben started as did the fireworks over here at the london eye iconic around the world. a 12 minute spectacular extravaganza. i am actually