Bloomberg Huawei Technologies Co.’s revenue shrank for a second straight quarter after US sanctions devastated the embattled Chinese tech giant’s smartphone business. Huawei reported a 17% decline in sales to $23 billion in first three months of this year, the company said in a statement. That follows a 11% decline in revenue for the three months ended December. Its profit …

Bloomberg Saudi Arabia is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast an economic rebound after the coronavirus pandemic. The kingdom is looking at the potential sale — which could be worth about $19 billion, based on the company’s market value — as a way to …

VIENNA / WAM The 16th Opec and non-Opec ministerial meeting of the declaration of cooperation (DoC) announced that the overall conformity to the production adjustments was 115 percent in March 2021, reinforcing the trend of high conformity by the participating countries. The meeting reviewed the monthly report prepared by the Joint Ministerial Monitoring Committee (JMMC), including the crude oil production …