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Saudi Aramco profit drops for 10th straight quarter
Saudi Aramco profit drops for 10th straight quarter
by  AFP

Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy. "The decrease in revenue was mainly due to lower crude oil prices and lower refined and chemical products prices," Aramco said in its quarterly report.

Saudi Aramco profit drops 22 percent on lower prices
Saudi Aramco profit drops 22 percent on lower prices
by  AFP

Saudi Aramco's profit slid 22 percent in the second quarter to 85 billion riyals ($22.67 billion) as a slump in prices hit revenues, the oil giant said on Tuesday. The Gulf oil major was trading at 23.91 riyals on Tuesday, 12 percent below the 27.35 riyals price of its secondary share offering last year.

Gen Z shift, high costs force UK nightclubs to reinvent
Gen Z shift, high costs force UK nightclubs to reinvent
by  AFP

Is the party over? The capital remains an "exciting" city, 25-year-old Carys Bromley who recently moved to London from the island of Guernsey, told AFP. "There's a lot of parties, clubs, and a big nightlife.

Water shortages spell trouble on Turkey's tourist coast
Water shortages spell trouble on Turkey's tourist coast
by  AFP

Ali Alyanak and his neighbours in Turkey's tourist hub Izmir now have to draw water from a shrinking aquifer 170 metres underground even as hotel pools remain full -- a sign for many of the region's dire water crisis amid prolonged drought.

Dutch windmill village churned by overtourism debate
Dutch windmill village churned by overtourism debate
by  AFP

With its historic windmills and gabled wooden houses nestling by a meandering river, the picture-perfect and TikTok-famous area of Zaanse Schans is a must-see for any visitor to the Netherlands. Eventually, the "Zaanse Schans" site was famous enough to be officially "opened" by Queen Juliana in 1972.

Boeing defense workers launch strike over contract dispute
Boeing defense workers launch strike over contract dispute
by  AFP

Thousands of members of a union representing Boeing defense industry workers in the US states of Missouri and Illinois went on strike Monday after rejecting a contract proposal. It came hours after the union said in a statement that members at Boeing facilities in Missouri and Illinois had voted to reject a modified four-year labor agreement with Boeing.

Trump says to name new labor statistics chief this week
Trump says to name new labor statistics chief this week
by  AFP

President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief, days after ordering her dismissal as a report showed weakness in the US jobs market. He added Monday: "I will pick an exceptional replacement."

Tesla approves $29 bn in shares to Musk as court case rumbles on
Tesla approves $29 bn in shares to Musk as court case rumbles on
by  AFP

Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent. With that appeal dragging out, Monday's announcement marks an interim step while the company develops a "longer-term CEO compensation strategy," Tesla said in a letter to shareholders.