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Saudi Aramco is now the world's most valuable listed firm after its initial public offering (IPO) raised $25.6 billion and took its market valuation to $1.7 trillion, comfortably overtaking Apple.Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, raising $25.6 billion and beating Alibaba's record $25 billion-listing in 2014.Notably, while the biggest IPO in history and is expected later this month on the Riyadh stock exchange, it still falls short of the towering $2 trillion valuations long sought by Crown Prince Mohammed bin Salman.Close Saudi Arabia relied on domestic and regional investors to sell a 1.5 percent stake after lukewarm interest from abroad, even at the reduced valuation of $1.7 trillion. related news No apology to Elon Musk from British diver at 'pedo guy' defamation trial US likely to hit China over human rights despite trade talks John Kerry endorses Joe Biden for president Sources told Reuters earlier … [Read more...] about Saudi Aramco beats Apple to take most valuable company spot after blockbuster IPO

You might think that all airplane food tastes like plastic packaging, but good news: In a twist of fate, you can now eat airline packaging that actually tastes like food. Because it is food—at least when you fly Air New Zealand. advertisement advertisement The airline has partnered with New Zealand-based, family-owned company Twiice to trial its edible biscotti coffee cups as part of an effort to further reduce in-flight waste. While the airline’s current cups are compostable, the ultimate goal is to remove them from landfills completely, according to Air New Zealand senior manager customer experience Niki Chave. Making them edible could be one way to do so, sending the 8 million coffee cups the airline serves per year straight into our stomachs rather than the garbage. try them for yourself. (Unfortunately, there’s no gluten-free version yet.) The addition of the edible coffee cups is part of a larger move by Air New Zealand to adopt more … [Read more...] about This airline is replacing millions of single-use cups with tasty edible ones

I’m sitting in the “War Room” at PayPal’s headquarters in San Jose, California, talking to Sri Shivananda, the company’s VP of global platform and infrastructure. Despite the evocative name, it’s just a conference room. But one of its walls is actually a giant window—and what it reveals on the other side of the glass is anything but ordinary. advertisement advertisement Behind the glass is a room whose other walls are plastered with enormous displays, dense with numbers and graphs. PayPal employees sit at rows of desks, staring at additional information on PC monitors. There’s data everywhere, being updated in real time. Even observing it from a distance–and not having a clue what most of it means–is an intense experience. “This,” Shivananda says as he gestures at the window, “is basically the pulse of PayPal.” More specifically, it’s the company’s command center–the facility … [Read more...] about Inside PayPal’s Command Center