Apple is the world’s most valuable company

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Apple is the world’s most valuable company

It is the first time that Aramco has held the top spot since 2020. Shares in energy producers have gone up this year as the cost of crude oil and natural gas has gone up.

Central banks have responded to the problem by raising interest rates, which has resulted in a move out of riskier investments due to concerns that the higher cost of borrowing will slow down economic growth.

The digital coin that is linked to the ethereum network has fallen sharply again and lost 40% of its value in the last week.

In January, Apple became the first company to hit a stock market value of $3 tn 2.2 tn It was one of the big winners of the pandemic, as the coronaviruses lockdowns saw spending on gadgets jump.

The world's biggest technology companies saw demand go up as people more dependent on phones, tablets and laptops became more dependent on them during the lock downs. In a period of just over 16 months, Apple's stock market value went from $2 tn to $3 tn.

The war in Ukraine this year has pushed prices even higher because countries are looking for alternatives to Russia for supplies after the reopening of economies from pandemic measures.

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