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Business stories. We start in saudi arabia as the Worlds Biggest OilCompany 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 ....
Security concerns for days. Most of the wreckage is believes to be sitting in 47 feet of water at this hour. Lets go now to oren at the pentagon. Do we think we might have get an update this evening as to whether or not they have been able to secure that wreckage and retrieve it . Theyll put a perimeter around it with navy and coast guard assets that were in the area. Whether they can retrieve it tonight or tomorrow, thats a different question. 47 feet of water according to a Senior Defense official, so not that deep, but still its a question of whats left, whats down there and what shape is it in and how do you bring it up without damaging it further. Salvage vessel is on the way. It might not be there in time to do it tonight, but it will get there as quickly as possible to begin. Why is that so important . Because the pentagon has said repeatedly this was a chinese Surve ....
you re live in the cnn newsroom. i m jim acosta. we are following breaking news at this hour. the president declaring moments ago that he ordered the pentagon to shoot down the chinese spy balloon as soon as possible. the u.s. is in a recovery effort after a u.s. fighter jet launched a precision strike on the chinese spy balloon. it came after days of watching it float from montana, to missouri to the carolinas. here is another video of that strike. this is a tense moment in u.s./china relations. the world will be watching in the hours and days ahead. let s get straight to cnn s oren liebermann at the pentagon. oren, what more are you learning? i understand you were listening to officials explain how all of this went down. what can you tell us? it started on wednesday when president joe biden gave the authorization to shoot down the chinese balloo n as soon as possible. there were tankers and others to shoot this down. it was an f-22 that fired an a 9 side wind er. ....
security concerns for days. most of the wreckage is believes to be sitting in 47 feet of water at this hour. let s go now to oren at the pentagon. do we think we might have get an update this evening as to whether or not they have been able to secure that wreckage and retrieve it? they ll put a perimeter around it with navy and coast guard assets that were in the area. whether they can retrieve it tonight or tomorrow, that s a different question. 47 feet of water according to a senior defense official, so not that deep, but still it s a question of what s left, what s down there and what shape is it in and how do you bring it up without damaging it further. salvage vessel is on the way. it might not be there in time to do it tonight, but it will get there as quickly as possible to begin. why is that so important? because the pentagon has said repeatedly this was a chinese surveillance balloon that had the ability to maneuver, loiter. and because of that, there s infor ....
A warm welcome to the programme. many will look at this news out of indonesia todayjust this news out of indonesia today just over 5% growth this news out of indonesia todayjust over 5% growth with envy. today ust over 596 growth with en . , ., , today ust over 596 growth with en. , . ., envy. yes, that s correct, that i think indonesia, envy. yes, that s correct, that i think indonesia, like - envy. yes, that s correct, that i think indonesia, like lots - envy. yes, that s correct, that i think indonesia, like lots of. i think indonesia, like lots of other countries, notjust in other countries, not just in asia other countries, notjust in asia but around the world, face a significant headwind so it s likely that growth will slow in the second half the year. the central bank, like many others across the world, has hiked interest rates aggressively over the past year clampdown on inflation and i think it will act as a headwind and causing it s a slow and they also have additional ....