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Cost of war: Prices rise, darker days loom
MUMBAI: A packet of milk, a simple thali meal, packaged consumer goods, an air-conditioner that’s almost a non-negotiable purchase now for many households amid rising temperatures, a box of paint, gold jewellery, a restaurant feast or an air-ticket—the war has hit low income and middle class Indians, making them pay more for a lot of things that are part of everyday spends.
UK firms halt investments and hiring as Iran war pushes up costs, bosses warn
Survey shows businesses ‘struggling to absorb latest economic shock’, while data says April vacancies down 7.7%The worsening fallout from the Iran war is forcing businesses to halt their UK investment and hiring plans, bosses have warned, as Britain enters a renewed period of political and economic instability.More than two months into the US-Israeli war on Iran, leading surveys of UK employers showed companies were increasingly prioritising cost management over growth as rising costs and global...
Government-backed Pensions Commission calls for action on gender savings gap
Body says, on average, British women approaching retirement have half private pension savings of men – £81,000 versus £156,000A shake-up of pensions in Britain must involve measures to close the gap in retirement savings between men and women, the revived Pensions Commission is to tell ministers.According to the government-backed body, women approaching retirement have on average half the private pension savings of men, with a median pension wealth of £81,000 versus £156,000. Continue reading...
Housing market sees ‘North-South divide’ amid ‘surprisingly strong’ confidence
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UK hotspots where Gen-Zs are getting on housing ladder revealed by lender
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UK has highest property tax burden of top economies, says report
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Jane Street Doubles Capacity in Singapore as Expansion Rolls On
Jane Street Group LLC moved into a new Singapore office this month, doubling its seating capacity to 250 people as it continues to ramp up operations across Asia, said a person with knowledge of the matter.
Crime increasingly a ‘serious barrier’ to UK growth, say business leaders
British Chambers of Commerce survey shows firms ‘are dealing with rising levels of theft, fraud and cyber-attacks’UK business leaders have warned that crime is becoming an increasingly “serious barrier” to growing Britain’s economy amid a rise in shoplifting, fraud and cyber-attacks against companies.The British Chambers of Commerce (BCC), which represents tens of thousands of businesses across the country, called on the government to provide “a step change in the support businesses can count on...
Kharif output dips by over 10% across states in El Niño years: Study
El Niño's shadow looms over India's monsoon. Past El Niño years saw key kharif crops like paddy and maize suffer over 10% output reduction in numerous districts. This study highlights vulnerable areas and stresses the need for district-level climate-resilient planning. Policymakers are urged to strengthen contingency plans for drought-tolerant varieties and efficient water management to protect farmers.
NextEra Said to Discuss Paying About $76 Per Share for Dominion
NextEra Energy Inc. is discussing a mostly stock deal for Dominion Energy Inc. that would value the company at about $76 per share, or around $66 billion, making it by far the largest power deal on record, according to people familiar with the matter.
Households with bigger gardens face being penalised with higher water bills under new green plans
Households with bigger gardens face being penalised with higher water bills under new green plansGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By SOPHIA STANFORD, NEWS REPORTER Published: 19:22, 17 May 2026 | Updated: 19:23, 17 May 2026 e-mail View comments
Vile tourist filmed hurling rock at Hawaiian seal then bragging 'I'm rich' offers astonishing excuse for his behavior
Igor Lytvynchuk, 38, was seen on video throwing a huge rock at a seal in Hawaii, as his attorney offered up a staggering excuse for the incident.
Dubai’s new ‘Green Corridor’ turns critical trade route during shipping disruptions
Dubai: Dubai Customs’ “Green Corridor” initiative was launched as an emergency trade facilitation measure. Within weeks, it evolved into one of the Gulf’s most significant alternative logistics routes, helping businesses reroute cargo away from disrupted maritime corridors while keeping trade flows moving across the region.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The initiative, activated in cooperation with Oman Customs in March 2026, came as regional...
Accidental bonanza: BMTC staffers get full 26-month arrears, then recall notice arrives
A technical error at BMTC's Yeshwanthpur depot-26 led to approximately 100 employees mistakenly receiving 26 months of salary revision arrears instead of the approved 11 months. The corporation quickly rectified the situation, contacting affected staff to return the excess payment through official channels, including a QR scanner at a temple bus stop office.
US college graduates face harsh job market amid economic uncertainty
Gov't funding cuts, war, tariffs and AI advancements intensify competition among recent graduates seeking stable jobs.
Jamieson Greer says China-U.S. Board of Trade will be "focused on trade in non-sensitive goods"
U.S. Trade Representative Jamieson Greer told "Face the Nation with Margaret Brennan" that the newly-announced Board of Trade between the U.S. and China will be focused on "non-sensitive goods" such as "sales of agricultural goods to China, energy goods, Boeings, medical devices."
India among fastest-growing steel market as global prices rise: Goldman Sachs
Global steel prices surged in April and early May, with India emerging as a fast-growing market. Hot rolled coil prices rose across major regions, led by Brazil. India's crude steel production saw an 11% year-on-year increase in March, outpacing global trends. China's steel output contracted, though capacity cuts are expected to be delayed.
Bahrain's private sector expat workforce rises 0.6% in two years
The number of expatriate workers in Bahrain’s private sector rose marginally between 2022 and 2024, while Bahraini employment recorded a stronger increase, according to Labour Ministry figures based on Social Insurance Organisation subscriber data.Expatriate employment increased by around 0.6 per cent over the past two-year period, rising from 464,304 workers in 2022 to 467,267 in 2024, the ministry said.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The numb...
For Eclipse, the $2.5B Cerebras win is just the start of realizing its physical-world thesis
When Lior Susan started Eclipse Ventures in 2015, the firm’s thesis of digitizing the physical world wasn’t particularly popular in Silicon Valley. “It was the era of enterprise software and SaaS, and it felt fairly lonely the first couple of years,” Susan said on stage at a recent StrictlyVC event in San Francisco.
NVIDIA Earnings Anticipated Amid Supply Constraints and China Uncertainty
US President Donald Trump said he discussed guardrails on artificial intelligence with Chinese leader Xi Jinping, while adding that Nvidia Corp.’s H200 chips also came up during a two-day summit in Beijing. Meanwhile, investors will eagerly be awaiting earnings results from chip giant Nvidia, the world’s largest company by market capitalization, for signs of how much momentum the artificial intelligence rally has left in it after a bout of jitters. Bloomberg Tech co-host Ed Ludlow joined Christi...