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HSBC CEO Georges Elhedery to employees: AI will destroy some jobs, stop fighting with us
HSBC CEO Georges Elhedery urged employees to embrace AI, acknowledging it will eliminate some roles while creating new ones. This comes as the bank reportedly explores a significant overhaul potentially impacting 20,000 jobs globally. HSBC is investing in AI tools and staff training to navigate this automation shift.
Indonesia Plans Tighter Control Over Commodity Exports
Indonesian President Prabowo Subianto has announced the creation of a new state entity under sovereign wealth fund Danantara to oversee commodity exports. Sources tell Bloomberg the move has shocked even some of the president's own officials. (Source: Bloomberg)
Nationwide profits down as millions of customers to get new £100 bonus
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Gold, silver outlook: Will gold head to Rs 1.70 lakh/10 grams & silver hit Rs 3 lakh/kg?
Gold and silver price prediction today: While MCX Silver is consolidating on the weekly chart, gold is eyeing its next meaningful target of Rs 1.7 lakh, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
EasyJet blames fall in summer bookings on Middle East war
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JPMorgan’s Foley Sees Strong IPO Growth in HK, China
Kevin Foley, Co-Head of Global Investment Banking at JPMorgan, says deal-making activity remains strong globally despite the higher rates environment and inflationary pressures. He expects IPO activity to grow significantly in Hong Kong and mainland China, particularly in the AI and healthcare sectors. He spoke exclusively with Bloomberg's Haslinda Amin on the sidelines of the JPMorgan Global China Summit. (Source: Bloomberg)
JPMorgan's Gori Remains Positive on Middle East, Asia
JPMorgan Global Banking Co-Head Filippo Gori describes the US economy as an "incredible engine" that continues to attract capital, while noting that Asia is also booming, citing strong IPO momentum. He remains positive on the Middle East as well, viewing it as a key growth opportunity for the bank. Gori speaks exclusively with Bloomberg's Haslinda Amin on the sidelines of the JPMorgan Global China Summit. (Source: Bloomberg)
JPMorgan's APAC CEO on Business Strategy
JPMorgan APAC CEO & Banking Head Sjoerd Leenart discusses the bank's strategy to capitalize on growth opportunities in different markets in Asia. He speaks with Haslinda Amin from the sidelines of the JPMorgan Global China Summit. (Source: Bloomberg)
MQM-P leader Khalid Maqbool made member of Economic Coordination Committee
Muttahida Qaumi Movement-Pakistan (MQM-P) leader and Education Minister Dr Khalid Maqbool Siddiqui has been made a member of the Economic Coordination Committee, the Prime Minister’s Office (PMO) said on Thursday. The statement said that Prime Minister Shehbaz Sharif had approved an increase in the number of ECC members. “Minister for Education Khalid Maqbool Siddiqui has been included as a member of the ECC,” the statement said. “I am hopeful that Siddiqui will play an active role as a member o...
APEC Secretariat's Pedrosa on Trade Minister Meetings
Edurado Pedros, APEC Secretariat Executive Director, discusses his outlook for APEC nations cooperation on trade and AI adoption. He speaks with Stephen Engle in Suzhou, China on "Bloomberg: The Asia Trade". (Source: Bloomberg)
Middle East war: Indian carriers lose overseas traffic share as foreign airlines gain
The US-Iran war that broke out on Feb 28 did not cause much of a dent in international travel to and from India this Jan-March quarter over the same period last year. However, its impact on airlines has been different: Foreign airlines, despite big Gulf carriers taking a hit since Feb, saw a significant jump in their passenger numbers while Indian carriers saw a big dip with even just one month of this quarter being impacted.
How new rules could cost property investors $250,000 for wrong choice
How new rules could cost property investors $250,000 for wrong choiceNew measures for the housing market are coming They were announced in the Federal BudgetExperts warn home buyers not to panic READ MORE: Showbiz reporter Peter Ford calls out 'putrid' Melbourne CBDSee more Daily Mail on Google - save us as a Preferred SourceBy SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 06:43, 21 May 2026 | Updated: 06:44, 21 May 2026 e-mail View comments
SpaceX Filing Shows Losses, Musk’s Control
SpaceX’s IPO filing reveals billions in losses, Elon Musk’s tight control through super-voting shares, and Starship at the center of the company’s AI and connectivity ambitions. (Source: Bloomberg)
Former Woolies boss Brad Banducci quits CEO role at Ticketek after just over a year at the company
Former Woolies boss Brad Banducci quits CEO role at Ticketek after just over a year at the companyBrad Banducci leaves TEG after 13 monthsTEG lost two lucrative deals over the last year READ MORE: Brad Banducci makes sad admission about his new lifeSee more Daily Mail on Google - save us as a Preferred SourceBy MATT JONES, SENIOR NEWS REPORTER, AUSTRALIA Published: 06:16, 21 May 2026 | Updated: 06:16, 21 May 2026 e-mail View comments
Oil Near $100 Emerges as Consensus for Next Year With Iran War
Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year, as demand is forced to slow down to counter millions of barrels of supply losses caused by the US-Iran war.
Pauline Hanson reveals bold plan to drill for more oil and gas to help fund the nation
Pauline Hanson reveals bold plan to drill for more oil and gas to help fund the nationOne Nation announces gas policyNew tax and sovereign wealth fund to be createdREAD MORE: Minister calls critics of the Albanese Budget 'finance bros' See more Daily Mail on Google - save us as a Preferred SourceBy NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA Published: 06:00, 21 May 2026 | Updated: 06:02, 21 May 2026 e-mail View comments
Rupee rebounds 61 paise from record low, rises to 96.25 against US dollar
The Indian Rupee saw a welcome rebound, gaining 61 paise to trade at 96.25 against the US dollar, driven by easing oil prices. Despite this recovery, the currency remains under pressure, marking a nine-session losing streak. The Reserve Bank of India announced a $5 billion dollar-rupee swap auction to bolster banking system liquidity amidst global uncertainties and foreign investor outflows.
Citi Sees India IPOs Hitting Fresh Records Despite Challenges
Initial public offerings in India should get back on track in the second half of the year, according to Citigroup Inc., moving on from a rocky start that’s seen foreign investors withdraw capital and the rupee slide.
West Ham, the London Stadium and why relegation would cost UK taxpayers £2.5m
It once stood among the great sporting venues in the United Kingdom but, from next season, the London Stadium could become a venue for Championship football for the first time.West Ham United’s fight against relegation from the Premier League will be decided on the season’s final day and anything but a win at home to Leeds United will end a 14-year run in the top flight. Even then, it will not be enough should Tottenham Hotspur, their rivals for the final relegation spot, avoid defeat at home to...
Base Metals Drift as US and Iran Trade Threats on Peace Deal
Copper wavered between narrow gains and losses after President Donald Trump claimed the US was in the final stages of talks with Iran, even as the two nations continued to trade threats of fresh escalation.