Alphabet has overtaken Saudi Aramco to become the world’s most profitable company, according to the newly released 2026 Fortune Global 500 rankings, while a separate wave of economic data shows corporate profits climbing to record highs even as workers’ share of national income continues to shrink. Background Understanding record profits meaning starts with a simple distinction: profit is what remains after a company or economy subtracts its costs from its revenue. When economists say corporate profits have hit a record, they typically mean either total dollar profits or profits as…
Read MoreDay: August 3, 2026
Pakistan’s Water Crisis in Agriculture Is Getting Worse And Farmers Are Paying the Price
Pakistan is facing one of the most serious water crises in its history, and agriculture the backbone of its economy is feeling the worst of it. Millions of farmers across the country are struggling to irrigate their crops as rivers dry up, groundwater tables fall rapidly, and rainfall becomes dangerously unpredictable. If the water crisis in agriculture in Pakistan is not addressed urgently, experts warn it could trigger food shortages, mass rural unemployment, and an economic collapse the country is simply not prepared for. Background Pakistan was once considered a…
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