TOP 25 Largest Public Limited Companies in The World | Informative Video # 7 | AB INFOTAINMENT

TOP 25 Largest Public Limited Companies in The World | Informative Video # 7 | AB INFOTAINMENT

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SOURCE LINK : https://www.forbes.com/global2000/#3498520a335d




Just how enormous is the economic crisis in current days. Forbes’ 18th annual ranking of the world’s 2,000 largest public companies illustrates the magnitude of the global shutdowns and serves as a warning for more trouble ahead in the coming months.

Most companies on this year’s Global 2000 list have seen their market values drop considerably since last year, and woeful first-quarter earnings provide a painful insight into the impact of the Great Cessation. The past few months have been especially brutal for the airlines, which saw demand drop lower than after 9/11. American Airlines, for instance, fell from No. 372 on the list to 967th after losing a staggering $2.2 billion in its first quarter.

Not all companies are being negatively affected by the pandemic, however. The biggest players in e-commerce—including Amazon, Alibaba and Walmart—have all experienced growth thanks to the rise in online shopping. All three moved up on this year’s list.

On the financial front, the Industrial and Commercial Bank of China remained in the top spot for the eighth straight year with more than $4.3 trillion in assets. China’s “big four” state-owned banks all wound up in this year’s top 10. JPMorgan Chase is the largest U.S. company at No. 3, falling one spot from last year.

In other bright spots, the largest IPO of 2019, Saudi Aramco, debuted at No. 5 on the list, while Zoom and Slack (which both IPOed last year) have also been instant beneficiaries of the new work-from-home realities. Both companies made an inaugural appearance on the Global 2000—virtually overnight.