Saudi Arabia’s state oil giant Aramco recently reported a 25% decline in profit for the year 2023, with net income dropping to $121.3 billion from $161.1 billion in the previous year. Despite this decrease, it is noteworthy that this figure still represents the second-highest net income on record for Aramco, surpassing many of its largest
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Artificial intelligence has been a game-changer for many technology companies, but the benefits of AI extend beyond the tech sector. According to Nancy Tengler, chief executive officer and chief investment officer of Laffer Tengler Investments, old economy companies that are embracing digital and generative AI are set to experience significant growth and improved profit margins.
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The financial success of UnitedHealth Group (UHG) is staggering, with revenue reaching nearly $400 billion in 2023. This massive empire, fueled by profits of $22.4 billion, has raised concerns about the implications of its dominance in the healthcare industry. Through vertical integration and acquisitions like Optum, UHG has established a value-chain monopoly, controlling everything from
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India, known for its cautious approach towards cryptocurrencies, has shown a keen interest in exploring the potential of blockchain technology. A recent development highlights the collaboration between the National Payments Corporation of India (NPCI) and the prestigious Indian Institute of Science (IISc) in Bengaluru. The primary focus of this partnership is to delve into emerging
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The recent discovery in the octopus genome has revealed that cephalopods may possess the oldest sex chromosomes of any animal. This groundbreaking finding challenges previous assumptions about these unique creatures and sheds light on their genetic makeup. Biologists have traditionally relied on observation to determine the sex of octopuses, but the presence of a sex
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