Saudi Aramco on Saturday published the prospectus for its plans to float a small slice of the world's largest oil-producing company on the kingdom's domestic exchange.
Why it matters: This brings Aramco closer to the long-planned, long-delayed public debut, whichcould be the largest IPO ever. Crown Prince Mohammed bin Salman envisions raising tens of billions of dollars to fund Saudi's economic diversification efforts.
Top economists say the economic effects of climate change are just starting to be felt — and they're likely to start snowballing.
Why it matters: Wildfires, floods, and other natural disasters could harm the nation's financial backbone, damaging vital electronic payment systems, causing bank failures, and disrupting the economy in myriad unanticipated ways.
