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Saudi Aramco reports $49bn profit slump in 2020

Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy markets. Saudi Arabian Oil Co. released its annual financial results a year after the pandemic...

Bitcoin passes $60,000 for first time

Bitcoin briefly rose above $60,000 for the first time on Saturday, as increasing backing from corporate heavyweights helps the world's most popular virtual currency continue its record-breaking run. The cryptocurrency hit an all-time high of $60,012 at 1149 GMT, according to the website...