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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...

'Caliphate' or not, Islamic State expands its reach

In the two years since Kurdish forces wrested away the Islamic State's last Syrian bastion, the jihadist group has proved it does not need a stronghold to pose a potent threat in more countries than ever. At their apogee, the extremists controlled a territory the size of Britain...