BMW AG expects returns for its automotive business to be resilient this year even as surging commodity prices pose a risk to earnings. Profitability for its main cardmaking operations probably will come in at the upper end of the 6% to 8% range BMW had forecast for the year, the Munich – based company said … More BMW Expects To Hit High End Of Margin Goal Despite Rising Costs
Saudi Arabia has banned imports from 11 Brazilian poultry plants with no warning or explanation, according to a joint statement from Brazil’s agriculture and foreign ministry on Thursday. JBS SA, the world’s largest meat company, confirmed that it was affected by the ban but declined to disclose how many plants have been targets by the … More Saudi Arabia Band Poultry From 11 Brazilian Processing Plants
The Saudi Cabinet approved a license for the National Bank of Iraq to open a branch in the kingdom, the state news agency said on Tuesday on Twitter.
Qatar plans to expand fish farming to meet growing demand for fish in local markets and maintain stocks in offshore Gulf waters in the face of devastating climate change. Although fish in the Gulf have generally adapted to higher water temperatures, the frequency and scope of coral reef bleaching in recent years suggest the region … More Qatar Expands Fish Farming As Climate Change Affects Sea Stocks
Reuters News has name one of its top editors, Alessandra Galloni, as it its next editor-in-chief, the first woman to lead the global – spanning news agency in its 170-year history. A native of Rome, Galloni, 47, will replace Stephen J. Adler, who is retiring this month after leading the newsroom for the past decade. … More Reuters Names Alessandra Galloni As Its Next Editor – In – Chief
The Saudi cabinet said on Tuesday it has authorized the energy minister to negotiate with Singapore regarding a draft memorandum of understanding in the field of energy, state news agency (SPA) reported citing a cabinet statement. ‘The cabinet authorised the minister of energy – or his representative – to negotiate with the Singaporean side on … More Saudi Cabinet Authorizes Minister To Negotiate With Singapore On Draft Energy Memorandum
Audio – chat app Clubhouse said on Monday it will lunch a monetization feature for its creators on the platform and that it will not receive any payment from it. Starting Monday, all users will be able to send payments through the platform, Clubhouse said. The feature to receive payments will initially be available only … More Audio App Clubhouse Floats Payments Feature For Creators
Forbes’ annual world’s billionaires list includes a record – breaking 2,755 billionaires, with Amazon.com Inc. founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the ultra – wealthy are expanding after a year in which the coronavirus pandemic upended world economies and threatened the livelihoods of people … More Bezos, Musk Top Forbes’ Record – Setting Billionaire List
Saudi Arabia increased the price of its Arab light crude for the Asian market by $0.4/barrel in May, compared to April, and lowered those for the U.S. and European markets by $0.1/barrel and $0.2 barrel respectively, according to a statement from oil producer Saudi Aramco. It set the Arab light price for Asia at +$1.8/barrel … More Saudi Arabia Increase Arab Light Crude Oil Price To Asia In May
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman on Thursday discussed prospects for working together on climate change, protecting the environment and green energy, the Kremlin said. In a readout of their telephone call, the Kremlin said the Saudi prince outlined initiatives to reduce greenhouse gas emissions and increasing the share of … More Putin, Saudi Crown Prince Discuss Climate Change, Green Energy – Kremlin
