Tencent suffers first-ever drop in quarterly revenue

Image Source: Indian Today The absence of game approvals and rules that restrict playing time, as well with COVID-19 lockdowns and a weak economy that reduced ad revenue, all contributed to China’s Tencent reporting its first-ever quarterly sales decline on Wednesday. Tencent fell short of revenue and profit projections. In addition, Tencent experienced macroeconomic challenges […]

Saudi Aramco: Oil giant records $48.4bn quarterly profit

Image Source: PBS With a $48.4 billion (£39.8 billion) profit for the second quarter of 2022, Saudi Arabia’s largest oil company, Aramco, smashed its record. The largest revenue for the world’s top energy exporter since its public listing three years ago represents a gain of 90% year over year. The invasion of Ukraine by Russia […]