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Oil prices bounce higher after new US strikes on Iran
Oil prices bounced higher on Thursday while Asian stocks mostly fell, as new US strikes on Iran marked the latest test of a shaky ceasefire in the Middle East war. The price jumps erased much of Wednesday’s declines on the hopes of an imminent deal to end the conflict that has all but halted shipping through the crucial Strait of Hormuz for months. An American official said the military had shot down four Iranian drones and struck a control centre in the southern city of Bandar Abbas. The offici...
Santos says it won’t ‘exert any effort’ on Narrabri gas project while it focuses on Bettaloo Basin
After CEO’s comments to investors, opponents urge miner to ‘stop stringing everybody along and spike the project finally’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSantos chief executive, Kevin Gallagher, has told an investor briefing the company will not be “exerting any effort” on its Narrabri gas project while it awaits outstanding approvals, prompting fresh questions about the future of the controversial development.Gallag...
Are robots nearing their ChatGPT moment? – podcast
Last month at Beijing’s half marathon, a robot named Lightning beat the human world record by nearly seven minutes. It’s the latest in a string of AI-powered milestones that have got people wondering whether robots are about to enter our everyday lives, just as chatbots have. And the country leading the charge is China, where the government has pledged to invest more than £100bn in robotics over the next 20 years. To find out how robots are already entering the workforce, and what needs to happe...
Small business owner slams Australia Post for refusing to reimburse her after $1,000 worth of orders were destroyed in a truck fire
Small business owner slams Australia Post for refusing to reimburse her after $1,000 worth of orders were destroyed in a truck fireREAD MORE: Australia Post delivery truck caught on FIRESee more Daily Mail on Google - save us as a Preferred SourceBy BURNEY WONG Published: 04:59, 28 May 2026 | Updated: 05:00, 28 May 2026 e-mail View comments
EU to broaden import quotas and tariffs against China
Trade defences needed to combat ‘existential’ threat to key sectors, industry commissioner Stéphane Séjourné says
Rouble’s strength piles pressure on Russian war economy
Rising energy exports have helped push currency to three-year high, making other exports less competitive
China’s farming giant Syngenta says it has no ‘nefarious’ intentions in the US
State-owned company’s CEO calls to exclude farming and agriculture from tensions between two superpowers
What Plunging Pork Prices Say About China’s Economy
A key measure of inflation in China, they hit a 16-year low, driven by anemic consumer spending and an oversupply of hogs.
Oil Investments to Drop for Third Year on War Shock, IEA Says
Global investments in oil projects are due to fall for the third year in a row, as the supply shock from the Middle East conflict shifts priorities to new trade routes and other energy sources.
Mark Kleinman: Reeves revels in ring-fencing reform
Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column Reeves revels in ring-fencing reform Is Rachel Reeves about to rip up ring-fencing? It was a question I posed in this column just over a year ago. Now, we have an answer of sorts. The Chancellor’s announcement last week that the post-crisis reforms conceived by Sir John Vickers’ Independent Commission on Banking would, indeed, be scaled back was warmly received by a banking industry whi...
Treasuries Resume Decline as US Strikes Push Oil Prices Higher
Benchmark Treasuries retreated for the first session in six as fresh US strikes in the Persian Gulf spurred a rally in oil prices and fueled concern over faster inflation.
Four lines that 'layoff email' from Meta Leadership has for those on H-1B visa
Meta has initiated another round of significant layoffs, impacting nearly 8,000 employees globally, with notifications starting in Singapore. While many are let go, over 7,000 will transition to AI initiatives. The company is providing immigration guidance and severance packages, including 16 weeks' pay plus two weeks per service year, and 18 months of COBRA coverage for affected staff.
American billionaire Mark Cuban sells 'most of' his Bitcoin
Mark Cuban, a former crypto evangelist, has sold most of his Bitcoin, stating it failed as a hedge against global turmoil. He found gold performed better during geopolitical events, questioning Bitcoin's role. Cuban also shared advice on AI use for students, emphasizing critical thinking over reliance.
Industrial Metals Decline as Gulf Strikes Dampen Deal Optimism
Copper extended losses alongside other industrial metals after the US carried out fresh strikes in the Persian Gulf and a deal to end the war with Iran remained elusive.
Google employee accused of making over $1.2M by insider trading on Polymarket
Politics Google employee accused of making over $1.2M on Polymarket through insider trading By Joe Walsh Joe Walsh Senior Editor, Politics Joe Walsh is a senior editor for digital politics at CBS News. Joe previously covered breaking news for Forbes and local news in Boston. Read Full Bio Joe Walsh May 27, 2026 / 11:00 PM EDT / CBS News Add CBS News on Google A software engineer at Google is facing federal charges after allegedly betting on confidential company information on Polymarket, netting...
Oasis Says Japan Proposal on Shareholders Hurts Retail Investors
Japan’s plan to tighten the threshold for shareholder proposals would hurt retail investors while having little impact on institutional activist investors, said Seth Fischer, the founder of Oasis Management Co.
Standard Chartered CEO apologises for his 'choice of words' used to defend AI layoffs
Standard Chartered CEO Bill Winters faced backlash for calling AI's impact the replacement of "lower-value human capital." The bank plans to cut 7,000 jobs, with over 15% of support staff affected by 2030. Winters later apologized for his wording, emphasizing colleague value and commitment to reskilling and repositioning staff amidst industry changes.
Chinese Coal Disaster to Ripple Through Steel, Power, Chemicals
The Shanxi coal disaster is likely to hit Chinese output in the short term, raising costs for steelmakers, power plants and chemicals manufacturers.
The lender that governs
THE IMF’s Executive Board has approved the third review of Pakistan’s 37-month Extended Fund Facility (EFF), adding 11 new conditions and raising total structural conditionality to 75. In addition, there are 30 standing commitments, bringing total compliance requirements to 105. These span fiscal, governance, monetary, foreign exchange, financial, energy, state-owned enterprises, trade, investment, deregulation, social protection, and anti-corruption measures — many extending well beyond the IMF...
Dollar-Denominated EM Assets Outperforming: UBS' Khan
Shamaila Khan, UBS Asset Management Head of Global EM and APAC Fixed Income, speaks with Bloomberg TV about the strong opportunities in dollar-denominated emerging market assets. (Source: Bloomberg)