GLOBAL BUSINESS AND FINANCE MAGAZINE - Global Business & Finance Magazine

Saudi Aramco reports record profit of $161.1 billion in 2022

Saudi Arabian oil giant Aramco on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher

Saudi Arabia launches new national airline

Saudi Arabia’s Crown Prince Mohammed bin Salman formally announced on Sunday the creation of a new national airline, Riyadh Air, with industry veteran Tony Douglas

Cyclone Freddy pummels Mozambique for a second time, killing one

Cyclone Freddy pummeled Mozambique on Saturday, killing one person, ripping roofs off houses and triggering a lockdown in one port town, a resident and local

Investing in influence

Over the past 70 years, institutional investors’ ownership of publicly traded US companies has increased dramatically, leaving a large section of the US economy in

Housing wealth and consumption: The role of heterogeneous credit constraints

One of the segments of the US economy that was affected most by the Great Recession was consumption. This column use individual-level data to understand

The fiscal side of Europe’s energy crisis: the facts, problems and prospects

Only a third of the massive fiscal interventions put in place by European governments 1 to shield consumers from rising energy prices have been targeted at vulnerable categories.

Prospects for euro area inflation in 2023

Inflation in the EU reached an all-time high of 10.6% in October 2022, declining to 8.5% in January 2023. The February 2023 CfM-CEPR survey asked

Amazon’s cloud unit to invest $6 bln in Malaysia by 2037

Amazon Web Services (AWS), the cloud computing division of Amazon.com Inc, said on Wednesday it plans to invest $6 billion in Malaysia over the next

Alibaba and Ant venture to launch RISC-V chips for payments

Alibaba Group Holding’s chip unit T-Head and Alipay, the payment service under Alibaba’s financial affiliate Ant Group, will release computing chips for secure payments based on