Performance dividend. Live now to our middle east Business Correspondent sameer hashmi. Samir, Rhe Saudi State remains overwhelmingly aramco s biggest shareholder, so they remain the big winner in the aramco story. Well, thats right. They own around 90 of the company and the payout, the bulk of it, will go to the saudi government. If you look at aramco, every quarter they have been paying about 19. 8 billion of dividend. This time they have added another amount to that amount, because they said the cash flows are healthy and thatis said the cash flows are healthy and that is why they have decided to increase that overall dividend, which will be beneficial for the saudi government because it relies heavily on the Aramco Generating revenues for it, and that will help them in their Oil Diversification programme. They are these mega infrastructure projects, new tourist destinations. All this is being done keeping in that oil demand will decrease in years to come and they will have to come
And although i will no longer be a candidate, i will not stop using my voice for the things i believe in. In all likelihood donald trump will be the republican nominee when our Party Convention meet in july. I congratulate him and wish him well. I wish anyone well who would be americas president. Our country is too precious to let our differences divide us. That was part of nikki haleys speech yesterday announcing the end of her president ial campaign. It means we are now 242 days away from a rematch between President Biden and former President Trump. But today the focus shifts to washington and President Bidens state of the Union Address. Well go through what hes expected to say tonight to congress and the american people. And meanwhile, on capitol hill lawmakers appear to have another deal in place to avoid a partial Government Shutdown. But speaker johnson again needed support from democrats to overcome dissent from within his own party. Good morning and welcome to Way Too Early on
This report. Distant Artillery Fire the situation in Soledar Depends On who you ask. Its under control as of this morning according to this ukrainian commander. They will never break us, says his injured comrade. We are winning. But if you ask these two, wagner are clearing the city, they say. Russian, yes, but not from the regular army. Theyre from a private Military Group called wagner, a network of mercenaries who do a lot of russias fighting. Its boss, yevgeny prigozhin, has recently recruited convicts from russianjails, and theyve been spearheading the attack on soledar, claiming to now be in full control. We chat to one ukrainian soldier on the front to see if thats the case. Dont believe russian propaganda. Its not true. Bakhmut and soledar have ukrainian control. Kyiv has described the Battle For Soledar and bakhmut as the bloodiest scenario yet. And thats all we can say with real certainty. Small amounts of territory are being fiercely fought over and the human cost is huge. B
a weekend of fraught negotiations in switzerland, as the authorities there, its central bank and leaders of its two biggest banks tried to prevent another damaging financial crisis. late on sunday, it was announced the troubled bank credit suisse was being taken over by its rival ubs in a government backed rescue worth more than $3.1 billion. that s less than half the value of credit suisse at the close of trade on friday. the deal s been widely welcomed, including by the bank of england, the european central bank and by the us federal reserve. but not everyone s happy. credit suisse bondholders have lost $17 billion, shares in both banks have slumped, and there has been a sell off of banking shares across the markets today. here s the chief executive of ubs explaining the rationale behind the deal. translation: it means we bring back stability and security for credit suisse clients, but also that we keep the reputation of the swiss financial centre high. and finally it mea
under 30 list, about what it takes to forge an early successful path in the world of business. but we begin in california, because the governor there waded into a delicate political issue last night on twitter. gavin newsom blasted the pharmaceuticals giant walgreens over its decision to stop dispensing abortion pills in 20 us states. governor newsom tweeted that california would not do business with walgreens boots alliance, or any company that cowers to the extremists and puts women s lives at risk . his comments follow criticism from the white house on friday, when democratic press secretary karinejean pierre said it was dangerous and unacceptable for republicans to target pharmceuticals firms. samira hussain is in new york. just explain what is going on, this row broke out on twitter but fundamental issues at stake? walgreens had said that they are not going to sell the abortion pill in 20 states that are republican controlled states, after the attorney general to hav