Between april and june, the company made a Profit Ofjust over 30 billion, a lot of money by anyones 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 Correspondent Sameer Hashmi that even with falling profits, the biggest winner is the saudi government, which is aramcos biggest shareholder. The saudi government owns around 90 of the c
North america correspondent, sean dilley. A community in smouldering ruins. Many homes here in lahaina burnt to charred wrecks. The church and the harbour among the Historic Sites wiped out by the flames that tore indiscriminately through the formerly picturesque tourist town. The us marines and National Guard among the Emergency Workers on the ground. The us president , joe biden, has declared the situation as a major disaster. We are seeing loss of life here. As you know, the number has been rising and we will continue to see loss of life. But we have extraordinary professionals working on this job. We also have seen many hundreds of homes destroyed. And that is going to take a great deal of time to recover from. Lahaina has felt the biggest impact from the wildfires. The death toll is rising. Most fires are under control, but authorities are still working on a number on maui and the neighbouring big island. Here in lahaina, Rescue Efforts are moving more quickly now that winds of up
Flag is due to go up at nato headquarters. This is live as the countryjoined the alliance. A former conservative Party Chairman has defected to the Populist Party Reform Uk to become their first uk mp. And oppenheimer wins big at the oscars, taking several awards including best picture, Best Director and best actor. Hello im the Princess Of Wales has personally apologised for the confusion over the photograph issued by Kensington Palace on mothers day. Like many Amateur Photographers, i do occasionally experiment with editing. She added i wanted to express my apologies for any confusion the Family Photograph we shared yesterday, caused. Her post on social media signed Cfor Catherine came after several International News agencies i do occasionally experiment with editing. She added i wanted to express my apologies for any confusion the Family Photograph we shared yesterday, caused. Her post on social media signed Cfor Catherine came after several International News agencies including Th
To try and rein in soaring prices. So where is the Economy Heading . Im joined now by Salomon Fiedler whos an economist at berenberg bank. Better than expected numbers . More thanjust better than expected numbers . More than just a Coronation Weekend you alluded to, june was the strongest month. The coronation was in may. Domestic spending is relatively strong at the moment or has been in 02. Strong at the moment or has been in q2. Consumers have spent and we see that in the figures now. 02. Consumers have spent and we see that in the figures now. That in the figures now. There are concerns for that in the figures now. There are concerns for the that in the figures now. There are concerns for the longterm that in the figures now. There are| concerns for the longterm health that in the figures now. There are i concerns for the longterm health of concerns for the Long Term Health of the uk economy, what is going on there . , ,. , the uk economy, what is going on there . ,. ,. There . May