Business

Aramco: Saudi Oil Giant Records $48.4bn Profit

Image Source: PBS Saudi Aramco reported the largest quarterly adjusted profit of any publicly traded corporation worldwide due to rising oil production and prices. Aramco reported a jump in profits after major oil rivals. The state-controlled company reported on Sunday that net income in the second

Ryanair CEO Says Era of €10 Flight is Over

Image Source: Mirror The CEO of Ryanair has acknowledged that the low-cost airline would no longer provide flights at absurdly low prices due to the rising fuel cost. The age of the €10 ticket is finished, according to CEO Michael O’Leary. He told the BBC that

Citizens Advice Wants Government to Cut Energy Costs

Image Source: Ansar News According to Citizens Advice, numerous homes cannot wait for the government to decide whether to provide greater assistance to deal with energy costs. According to the nonprofit, more referrals to food banks and crisis support were made in July than in the

Price of Petrol Drops in the US as Inflation Eases

Image Source: The Jakarta Post The pace of price increases in the US slowed last month, but they still increased quickly. As a result, the annual inflation rate, or the rate at which prices grow, was 8.5% in July, down from a peak of 9.1% in

Disney Overtakes Netflix in Subscribers Ranking

Image Source: Gaa Magazine As it surpasses Netflix in the hunt for paying subscribers, Disney will launch a new ad-supported streaming service in the US in December. At the beginning of July, the company had 221.1 million members among its three streaming channels. That put it

Tata Motors to Purchase Ford’s Manufacturing Plant in India

Image Source: Reuters Indian automaker Tata Motors will purchase the western state of Gujarat’s Ford manufacturing facility for 7.26 billion rupees ($91.5 million). The agreement comes as Tata increases its automobile production to satisfy demand. Land, equipment, and all “qualified personnel” are all included in the agreement

Inflation

Inflation Drives Prices to the Highest in 40 years

Image Source: Bloomberg Due to rising fuel and food prices, inflation are still rising at their quickest rate in more than 40 years. The rate of price growth in the UK increased from 9.1 percent in May to 9.4 percent in the 12 months that ended

Nestle Increases Prices of Kitkats as Inflation Worsen

Image Source: Zdioy Nestle, the producer of KitKats, has raised its prices once more due to “unprecedented” cost hikes. According to the Swiss food juggernaut, prices rose by 6.5 percent in the first half of this year. This week, price increases were also announced by McDonald’s

Aramco: Saudi Oil Giant Records $48.4bn Profit

Image Source: PBS Saudi Aramco reported the largest quarterly adjusted profit of any publicly traded corporation worldwide due to rising oil production and prices. Aramco reported a jump in profits after major

Ryanair CEO Says Era of €10 Flight is Over

Image Source: Mirror The CEO of Ryanair has acknowledged that the low-cost airline would no longer provide flights at absurdly low prices due to the rising fuel cost. The age of the

Citizens Advice Wants Government to Cut Energy Costs

Image Source: Ansar News According to Citizens Advice, numerous homes cannot wait for the government to decide whether to provide greater assistance to deal with energy costs. According to the nonprofit, more

Disney Overtakes Netflix in Subscribers Ranking

Image Source: Gaa Magazine As it surpasses Netflix in the hunt for paying subscribers, Disney will launch a new ad-supported streaming service in the US in December. At the beginning of July,