Saudi Arabia has said oil giant Saudi Aramco is worth more than $2 trillion, enough to consume Apple Inc. twice, and still have room for Google parent Alphabet Inc. Industry executives, analysts and investors told Bloomberg their analysis — based on oil reserves and cash flow projections under different tax scenarios — suggests Aramco is worth no more than half, and maybe as little as a fifth, of that amount. This means Saudi Arabia would earn a fraction of the $100 billion implied by its valuation if it sells 5 percent to the public in 2018, as planned.
Category: City of London, England
London’s Mayor Issues First – Very High’ Air Pollution Alert
Sadiq Khan issued the first “very high” air pollution alert of his eight-month tenure as London mayor, advising citizens to reduce physical exertion and avoid running outside. The current air pollution episode, worsened by cold and settled weather, has seen levels of dangerous PM10 particulate pollution rise in parts of London to 101 micrograms per cubic meter, Khan’s office said on Monday in an e-mailed statement.