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Chile Mortgage Rates Hit Four-Year Low, Easing Industry Crisis
Government subsidies have pushed Chile’s average mortgage rate below 4% for the first time in more than four years, boosting sales of cheaper homes, while failing to trigger a broader revival in the construction industry.
Why Same-Day Settlement Is The Next Big Challenge
InnovationWhy Same-Day Settlement Is The Next Big ChallengeBySharat Priya,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 18, 2026, 08:00am EDTSharat Priya is a Senior Manager in EY’s U.S. Wealth & Asset Management Technology practice, leading wealth platform modernization. gettyYou’ve probably sent money through Venmo or Apple Pay and seen it la...
Shakira hits out after winning £50m Spanish tax refund
Shakira hits out after winning £50m Spanish tax refundJust nowShareSaveAdd as preferred on GooglePaul GlynnCulture reporterEPA/ShutterstockShakira is known for hits including Hips Don't Lie, Waka Waka and Whenever, WhereverA Spanish court has ordered the country's tax authority to refund 55 million euros (£48m, $64m) to singer Shakira after ruling that the money was improperly collected in a dispute over her taxes.The national high court has ordered the Treasury to repay the amount plus interest...
Modi Targets Gold, Fuel in Austerity Push
India is tightening its grip on foreign outflows as the Iran war fuels an energy shock. Fuel prices are up, gold and silver imports face tougher curbs, as the rupee has hit a record low against the dollar. (Source: Bloomberg)
Why Is It Hard To Build A Unified Agentic Control Plane For Operational Intelligence?
InnovationWhy Is It Hard To Build A Unified Agentic Control Plane For Operational Intelligence?ByShailesh Manjrekar,Forbes Councils Member.for Forbes Technology CouncilCOUNCIL POSTExpertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based)May 18, 2026, 07:45am EDTShailesh Manjrekar is the Chief AI and Marketing Officer at Fabrix.ai, inventor of "The Agentic AI Operational Intelligence Platform." gettyAgentic AI has reached...
Ford announces new European car plans after huge £14billion electric vehicle write-off
Ford has confirmed a bold new strategy for its European operations, which will see several new vehicles rolled out within the coming days.As part of its new "Ready Set Ford" strategy, the Blue Oval will release two new commercial vehicles and five all-new passenger vehicles over the next three years.The new product offensive will be instrumental to the brand's success in Europe, with Ford vowing to unveil more about the new campaign later this month.Ford confirmed that it would deliver "multi-en...
NextEra to Buy Dominion for $67 Billion to Form Utility Colossus
NextEra Energy Inc. agreed to pay about $67 billion in stock for Dominion Energy Inc. in the biggest power acquisition ever, creating a giant utility extending from Florida to the data centers clustered in Virginia.
UAE gold sales surge at Joyalukkas as India’s import duty hike drives price advantage for NRIs
India’s recent increase in gold import duty from 6% to 15% has created a strong price advantage for jewellery buyers in the UAE, especially in Dubai, the City of Gold. Industry leaders say the move is significant because India’s gold import duty has reached one of its highest levels in the last two decades.This time, the impact is even more meaningful for NRIs living in or travelling through the UAE because of the renewed clarity on India’s baggage allowance rules. As per the current rules, NRIs...
JPM’s Berro on Why Bonds Feel Different to Past Selloffs
Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, says, “the demand for fixed income is accelerating at higher yield levels,” as she looks at what makes this bond market different from recent selloffs. (Source: Bloomberg)
'The Clock is Ticking' - Trump's Latest Iran Threat Pushes Oil Prices Higher
US President Donald Trump expressed frustration with Iran and told it the "clock is ticking," hours after drones targeted a nuclear power plant in the United Arab Emirates. The fresh threats helped push up oil prices further on Monday. Earlier on Sunday, a drone sparked a fire in a power station at the United Arab Emirates' Barakah nuclear plant, underscoring the fragility of the truce. Bloomberg's Joumanna Bercetche joined Caroline Hepker and Tiwa Adebayo to discuss (Source: Bloomberg)
IMF urges UK to ‘stay the course’ on borrowing amid Starmer uncertainty
Washington-based fund praises Rachel Reeves for aiming to cut budget deficit as it upgrades growth forecastsBusiness live – latest updatesThe International Monetary Fund has urged Britain to “stay the course” to cut government borrowing amid growing bond market concerns over a Labour leadership challenge.As Keir Starmer battles to cling on to power, the Washington-based fund said it was important to continue reducing the budget deficit “given market pressures and elevated implementation risks”....
Stocks, Bonds Decline as Brent Hits $110 | Bloomberg Brief 5/18/2026
A global bond selloff eases while stocks decline amid rising oil prices. President Trump expresses frustration with Iran, saying "the clock is ticking" on making a deal. The White House says China has agreed to buy at least $17 billion of US agricultural products and establish boards of trade and investment after the summit between President Trump and President Xi. Sharon Bell of Goldman Sachs discusses the equity market as investors look ahead to Nvidia's earnings report later in the week. Jude...
A TikTok feature that Pakistan’s dirty money loves
Social media is now working as a high-speed pipeline to move money comfortably outside the perimeter of financial regulations. On TikTok and other apps, likes, gifts and livestream donations are converted into platform-specific digital credits. A follower buys virtual currency with their debit card, mobile wallet, or bank account, then sends gifts to the TikToker or creator during live streams or content interactions. The app takes a commission and sends the remaining ‘amount’ to the TikToker’s...
UK growth forecast upgraded by IMF but risks remain
UK growth forecast upgraded by IMF but risks remain Just nowShareSaveAdd as preferred on GoogleFaisal Islam & Michael RaceEconomics editor & business reporterGetty ImagesThe International Monetary Fund (IMF) has upgraded its forecast for the UK's growth this year, but warned the Iran war and "domestic uncertainty" could hit the economy.The growth estimate has been upgraded to 1% from 0.8% for 2026 by the influential body, which said last month that the UK would be hit hardest by the Iran war amo...
The little-known Medicare surtax may hammer millions in Obamacare tax battle
Midterms are coming. And the next big tax fight in America may not be over billionaires, yachts or real estate moguls.It may be over a tiny little tax most Americans barely even know exists.The hidden tax Democrats may quietly put front and center during the midterm elections is the 0.9% Medicare surtax, one of Obamacare’s least talked about money grabs. But with Medicare being the largest line item on our growing fiscal deficit, the Dems will look for any way to fund this growing liability.And...
SpaceX’s Mega-IPO Puts a Price Tag on the Fear of Missing Out
Elon Musk has turned science fiction into reality for the better part of two decades, making believers rich and earning the benefit of the doubt from many on Wall Street. Away from rockets and electric cars, his companies are bending reality on another plane – convincing analysts to stretch their traditional valuation tools, and assign multiples based on what one academic calls “optionalities.”
In its third round of layoffs under CEO Niccol, Starbucks is cutting hundreds of jobs in US
Starbucks is cutting 300 US jobs and reviewing international corporate roles, marking its third round of layoffs under CEO Brian Niccol. This move, part of a $400 million restructuring, aims to boost profitable growth by sharpening focus and reducing costs. These cuts exclude coffeehouse staff, as the company pursues its 'Back to Starbucks' strategy.
Markets, shops, eateries exempted from early closure timings till May 31
The federal government has allowed temporary exemption of shops, markets and eateries from early closure timing of 8pm, state broadcaster PTV News reported, citing a notification, on Monday. The Cabinet Division notification dated May 18 states that Prime Minister Shehbaz Sharif has given the approval to exempt “with immediate effect and till May 31” several entities from the closure timings specified in a April 6 notification. According to the lat...
Iran war "re-escalation risks" hike oil prices after latest Trump threat
Live Live Updates: Iran war "re-escalation risks," new Trump threat drive up oil prices as diplomacy staggers on By Tucker Reals Tucker Reals Editor Tucker Reals is CBSNews.com's foreign editor, based in the CBS News London bureau. He has worked for CBS News since 2006, prior to which he worked for The Associated Press in Washington, D.C., and London. Read Full Bio Tucker Reals May 18, 2026 / 6:31 AM EDT / CBS News Add CBS News on Google What to know about the Iran war today:Iran says it's conve...
The Three Consistent Words That Fueled Cerebras’ Blockbuster IPO
LeadershipLeadership StrategiesThe Three Consistent Words That Fueled Cerebras’ Blockbuster IPOByCarmine Gallo,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Harvard instructor and bestselling author on leadership communication.Follow AuthorMay 18, 2026, 06:30am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Andrew Feldman, co-founder and chief executive officer of Cerebras,rings...