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BBCNEWS World July 4, 2024

Business stories. We start in saudi arabia as the Worlds Biggest Oil Company Aramco is set to announce its latest Half Year Results in the next half an hour or so. Last year, aramco netted record profits of over 160 billion, buoyed by soaring energy prices. But in may this year, they reported that profits dropped by nearly a fifth in the first three months of the year as the gloomy Global Outlook saw oil prices drop. To tackle this, saudi arabia has been cutting production to the tune of1 Million Barrels a day. They started in july and have now extended to september. The oil price has since been creeping up. Live now to our middle east Business ....

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BBCNEWS World Business Report June 4, 2024 04:40:00

A proposed cage fight with rival elon musk. in a post on the new social media app threads, zuckerberg said he had proposed august 26 for the showdown. elon musk claimed on sunday that their fight would be broadcast live on his social media platform x. august 26, remember that date. we turn now to indonesia, one of the top 20 global economies and one of the biggest players in the emerging markets. indonesia has just released its latest economic output figures, showing a healthy 5.17% growth in the three months to june. it beat some expectations and was up slightly on the period from january to march. indonesia has a large young population and is a leading energy and raw materials exporter. live now to gareth leather, senior emerging markets economist at capital economics. ....

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