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PSX loses 2,000 points during intraday trade as bearish momentum persists
The Pakistan Stock Exchange’s (PSX) benchmark index continued to witness bearish momentum on Monday as the market plunged by over 2,000 points during intraday trade. The KSE-100 index declined by 2,171.16 points or 1.31 per cent to stand at 163,424.91 points from the previous close of 165,596.07 points. Most Asian shares were lower in morning trade on Monday, extending slides in global markets, as the impasse in the Middle East drove oil prices more than two per cent higher. Investor sentiment h...
Emirates to create thousands of jobs with $5.1b mega engineering hub in Dubai South
Dubai: Thousands of jobs — from mechanics and engineers to administrators and specialists — are set to be created as Emirates Airline on Monday broke ground on a $5.1 billion (Dh18.7 billion) engineering mega-complex at Dubai South.The airline's Deputy President and Chief Operations Officer Adel Al Redha told Gulf News the scale of the project, which is said to be one the most ambitious aircraft maintenance and overhaul facilities in the world, means significant employment at every level once th...
Fuel price hike: How much petrol, diesel, PNG and CNG cost in your city today?
Fuel prices have risen by Rs 3 per litre for petrol, diesel, and CNG. This hike follows a surge in global crude oil prices driven by Middle East tensions. After nearly four years of stable rates, oil companies faced significant daily losses. Consumers will now see increased costs for everyday transport and household fuel.
Mouse Plague Drives Australia to Allow Potent Bait to Save Crops
Australia issued an emergency permit for the use of a powerful poison to halt a swelling mice infestation across several growing regions, as farmers grapple with the fallout from the Iran war and a looming El Niño.
Mastercard strengthens UAE SME ecosystem
At Mastercard, you have a reputation for championing small and medium enterprises (SMEs) around the world. Can you tell us more about your SME empowerment efforts in the UAE?SMEs are the backbone of the global economy and important drivers of innovation and the UAE is home ~a million small businesses. According to the Mastercard Economics Institute’s Economic Outlook 2026, the UAE also stands out for its high share of SME spending at 37 per cent and notable growth in SME e-commerce activity.The...
Water bills set to rise for 14,000 families in controversial new trial
Water bills are set to rise for 14,000 families in a controversial new trial.Water companies across England are preparing new billing trials that could see households with larger gardens, swimming pools and hot tubs charged significantly more under tiered pricing schemes.Affinity Water, which serves large parts of the South East, is preparing what would become the biggest experiment of its kind, potentially covering up to 14,000 properties across the Home Counties later this year.The plans follo...
India Weighs Options to Revive Stalled IDBI Bank Privatization
Indian authorities are exploring ways to revive interest from potential buyers after their long-running efforts to divest a majority stake in the $8 billion-valued IDBI Bank Ltd. hit a snag, according to people familiar with the matter.
New rule by UAE MOHRE: Private sector salaries must be paid on 1st of every month from June 1 - Emirates 24|7
New rule by UAE MOHRE: Private sector salaries must be paid on 1st of every month from June 1 Emirates 24|7
New rule by UAE MOHRE: Private sector salaries must be paid on 1st of every month from June 1 - Emirates 24|7
New rule by UAE MOHRE: Private sector salaries must be paid on 1st of every month from June 1 Emirates 24|7
Equity Bank Plans African Expansion
ast Africa’s biggest bank is ramping up efforts to double its regional footprint as the lender looks to diversify revenues. Equity Bank CEO James Mwangi spoke to Bloomberg's Jennifer Zabasajja on the sidelines of the Africa CEO Forum in Kigali, Rwanda. (Source: Bloomberg)
Iran War Fuels Bond Rout as Asia Markets Reel | Insight with Haslinda Amin 05/18/2026
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Iran war saddles global companies with $25 billion bill — and counting
The US-Israeli war on Iran has already cost companies around the world at least $25 billion — and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout. Businesses are grappling with soaring energy prices, fractured supply chains and trade routes severed by Iran’s chokehold on the Strait of Hormuz. At least 279 companies have cited the...
Shark Tank India judge Anupam Mittal shares thoughts on Oracle's 12,000 layoffs
Shark Tank India judge Anupam Mittal commented on Oracle's recent layoffs and rescinded job offers, attributing them to automation rather than financial issues. He advised professionals to assess their position on an employer's P&L statement, suggesting those in the 'cost column' are at risk, while those contributing to revenue or profit can leverage AI.
Robotphoenix Chairman on HK Debut, Path to Profitability
Robotphoenix Intelligent Technology Chairman Sai Zhang shares insights on the company’s debut on the Hong Kong Stock Exchange, a major milestone for one of China’s leading industrial robotics firms. Zhang also discusses its path to profitability amid elevated investor expectations. He speaks with Yvonne Man and Avril Hong on Bloomberg's The China Show. (Source: Bloomberg)
Global Bond Rout Deepens as Inflation Fears Hit Stocks | The Asia Trade 5/18/2026
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Gold price prediction: Where are gold prices headed? Key levels to watch out
Gold price prediction today: Gold prices are expected to move towards consolidation in the coming days as well, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
Universal basic income vs universal high income: What's the difference?
Is it possible to pay everyone on the planet — all adults — a universal basic income (UBI) without conditions, without expecting them to do do any work, or even if they're rich?It's like the ultimate socialist utopia.And what if, beyond UBI, a universal high income (UHI) is made possible by the AI and robot-driven economy, in which every person gets a guaranteed monthly income that's actually beyond their need?It all sounds crazy right now.First, let's tackle what UBI and UHI are, and where the...
Why JSW Steel is Boosting Capacity
An infrastructure boom is driving significant demand for steel despite escalating geopolitical tensions and rising energy supply chain costs. Jayant Acharya, Joint MD and CEO of JSW Steel, the country's largest steel producer, joined Insight with Haslinda Amin to discuss the company's capital expenditure plans and the broader economic outlook. (Source: Bloomberg)
Rise in solar panel sales as people 'want to save money'
Rise in solar panel sales as people 'want to save money'31 minutes agoShareSaveAdd as preferred on GoogleDave HarveyWest of England business and environment correspondentBBCBen Harrison's solar firm said sales has risen by 65% since the Iran conflict began"[Solar panels are] all about saving money now, not just sustainability."Those are the words of the founder of a small solar power firm who sums up the shift in the industry neatly. Ben Harrison's Gloucestershire company has installed 65% more...
US Says China to Buy $17 Billion in Farm Goods Annually
China has agreed to buy at least $17 billion of agricultural products annually through 2028, the US said after Donald Trump and Xi Jinping held a major summit in Beijing last week. Bloomberg's Stephen Engle has the details. (Source: Bloomberg)