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Australia’s Sigma drops out of talks to buy UK’s Boots
End of discussions on takeover estimated at $10bn extends uncertainty for 177-year-old British chainBusiness live – latest updatesThe Australian pharmaceutical group Sigma Healthcare has dropped its pursuit of the UK retail chain Boots, abandoning a takeover estimated to be worth $10bn (£7bn).Sigma, a wholesaler and retailer, said on Monday that a deal to by the high street pharmacy business – which has 1,800 UK stores – would not meet its strategic and capital investment objectives. Continue...
PSX gains over 2800 points during intraday trade
The Pakistan Stock Exchange’s (PSX) benchmark index KSE-100 gained over 2,800 points during intraday trade on Monday as the US and Iran reached a preliminary agreement aimed towards ending a war that began over three months ago and crippled the world economy. The KSE-100 index rose by 2,836 points (1.65 per cent) from the previous close of 172,399 to reach 175,236 points at 11am . Last week, PSX remained in positive territory with the benchmark KSE-100 index crossing the 172,000-point mark as in...
Why Strait Of Hormuz Reopening Won't Instantly Fix Economic Issues
India is among the world's largest crude importers, and the opening of the Hormuz Strait will allay concerns over oil supplies, lowering freight costs and reducing inflationary pressure.
Can grandparents put £50k in Premium Bonds for my children, bank the prizes and gift them at 18?
Can grandparents put £50k in Premium Bonds for my children, bank the prizes and gift them at 18?See more This is Money on Google - save us as a Preferred SourceBy LEE BOYCE, EDITOR, THIS IS MONEY Updated: 07:35, 15 June 2026 e-mail 12 View comments
Court orders Indigo Paints to pay Rs 4.35 lakh for supplying defective paints
A Jammu and Kashmir consumer court has ruled in favor of a small paint trader, holding Indigo Paints liable for supplying defective products. The court rejected the company's defense that the transaction was commercial, stating small shopkeepers are consumers.
Oil prices slip to their lowest since March as US, Iran reach preliminary agreement to reopen Hormuz
Oil prices slipped to their lowest since March on Monday after US President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $4.08, or 4.7 per cent, to $83.25 a barrel by 0415 GMT and US West Texas Intermediate was at $80.53, down $4.35, or 5.1pc. Both contracts fell to their lowest levels since March 10 on Monday after tumbling more than 3pc on Friday. The US and Iran...
Woman, Boyfriend Kill Husband For Insurance Money, Stage It As Accident
Telangana police arrest woman and boyfriend for killing husband to claim insurance.
Pakistan’s quarter-century Ponzi scheme, and the exit that has no architecture
Long before credit rating agencies existed, there was a simpler test of financial health: can a borrower pay interest from their income, or by borrowing more money? American economist Hyman Minsky gave the failed rating a name: Ponzi finance. And it is worth being precise about it. A Ponzi position is not high debt, or even rising debt. It is the specific condition in which you are paying your interest by borrowing more money. Pakistan has run Ponzi finance for a quarter of a century. From the l...
Oil prices drop and stocks enjoy cautious rally on US-Iran peace progress
There is cautious optimism on financial markets that a US-Iran peace deal will ease the hit to the global economy caused by their war.
US-Iran peace deal lifts markets: Asian stocks soar, dollar slides, oil tumbles & gold jumps 2%
Global markets surged as the US and Iran announced a framework agreement to end their conflict, leading to hopes of lower energy prices and easing inflation. The Strait of Hormuz reopened, causing oil prices to tumble and boosting investor appetite for riskier assets. Asian equities rallied significantly, while the US dollar weakened against major currencies.
Britain ‘faces deindustrialisation’ without relief from high energy prices, survey warns
Make UK says manufacturers’ feedback shows sector at risk of collapse as it calls on Treasury to take actionBritain’s industrial sector is at risk of collapse as thousands of companies warn that they could face bankruptcy within the next year because of high energy prices, according to an industry survey.The manufacturers’ body Make UK said the latest feedback from its members found that many would not be able to cope for much longer with energy costs that were twice the average in continental E...
Farmers feel left out as budget sidelines agriculture
In the aftermath of the budget, farmers say they are feeling “angry, frustrated and helpless.” Of these emotions, they describe helplessness as the most devastating, as it leaves them with little hope and few options. Against this backdrop, they argue that the budget speech and accompanying documents appear to have all but forgotten a sector that contributes nearly a quarter of the country’s gross domestic product (GDP), employs around 33 per cent of the workforce, feeds the nation, supplies raw...
2026-27: Budget: Moving towards competitiveness
— FSA The federal budget for FY27 is refreshingly forward-looking. It focuses on some of Pakistan’s most pressing structural challenges: broadening the tax base, continuing import tariff reforms, sustaining incentives for the information technology sector, and reviving the long-dormant construction industry. The most politically sensitive measure is the relief provided to salaried taxpayers. Income tax rates have been reduced, while the income threshold for the highest tax...
Middle class bears the burden as budget offers limited relief amid economic strain
Middle class bears the burden as budget offers limited relief amid economic strain Published June 15, 2026 Updated June 15, 2026 09:22am 0 comments Join our Whatsapp Channel Add Dawn as a trusted source Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.
Oil prices tumble amid hopes strait of Hormuz will soon reopen
US-Iran peace deal sparks immediate drop for Brent crude but analysts warn complex negotiations lie ahead, potentially halting further significant dropsMiddle East crisis: live updatesPeace deal between US and Iran announced, with strait of Hormuz expected to reopenWhat do we know about the US-Iran peace deal – and what questions remain?Global oil prices have tumbled amid fresh hopes that a US-Iran peace deal may end the greatest energy supply crisis in the history of the market.The price of Bre...
من طالب مفصول إلى ملياردير: قصة مارك زوكربيرغ و150 مليار دولار!
هل تصدق أن مارك زوكربيرغ الذي بدأ كمجرد طالب في جامعة هارفارد أصبح اليوم أحد أغنى أغنياء العالم؟ اكتشف كيف حقق هذا التحول المذهل في رحلته من الفشل إلى النجاح.
From Dorm Room to Dominance: How Mark Zuckerberg Turned a College Dropout Journey into a $150 Billion Empire
Mark Zuckerberg's meteoric rise from a Harvard dropout to one of the world's youngest billionaires is not just a story of success, but a blueprint for ambition and innovation. Discover the milestones that propelled him to a staggering net worth of $150 billion and the fascinating facts that shaped his journey.
Legal AI start-up Legora to double headcount
Company with $5.6bn valuation has seen 900% more website visits since its Jude Law-fronted campaign
Ukrainian drone campaign chokes Moscow’s lifeline to Crimea
Fuel shortages are plaguing Russian-occupied peninsula that is ‘very easy to capture and very hard to keep’
Lessons from Ireland’s Revolut revolution
The fintech’s model is proving more suitable for international scaling than the often outdated systems of legacy rivals