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UK whisky firm entered liquidation with £500k debts as new owners step in
UK whisky firm entered liquidation with £500k debts as new owners step inScottish whisky firm entered into liquidation amid financial difficulties, leaving thousands of global customers uncertain over their cask ownership Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Olivia Beeson 02:44, Sat, May 16, 2026 Updated: 08:14, Sat, May 16, 2026 UK whisky firm plunges into liquidation (Image: Getty)A British wh...
Oil jumps more than 4%, posting strong weekly gains
Oil futures and refined fuel benchmarks climbed on Friday and into Saturday as traders tracked tightening supply signals and widening spreads across global crude grades.Both West Texas Intermediate and Brent posted strong gains.As of 10:24 am in Tokyo on May 16, US benchmark WTI crude was up $4.25 to $105.42, a 4.2% gain. Brent crude, the international benchmark, rose $3.54 to $109.26, up 3.35%.Over the week, Brent crude climbed by 7.84%, while WTI jumped by 10.48%.Gulf marker Murban crude trade...
Jerome Powell's legacy as he finishes Fed Chair term
Friday marked Jerome Powell's last day as Chairman of the Federal Reserve. CBS News producer Emily Pandise takes a look at his legacy.
Brace for price rise after fuel hike; inflation may increase 10-25 bps
NEW DELHI: The increase in retail prices of petrol and diesel is expected to drive headline inflation print by 10-25 basis points (bps) in the coming months, with analysts cautioning that cascading impact of higher fuel costs could force RBI to reassess its inflation projections for the year.Several companies, which were holding on to price hikes, are now expected to raise rates, citing higher transport and input costs.
US plan for Colorado River could cut up to 40% supply for Arizona, California and Nevada
Proposal comes after seven states drawing water from drought-stricken river failed to come to an agreementThe US government has proposed a plan for the drought stricken Colorado River that could cut up to 40% of current supplies to Arizona, California and Nevada, as the waterway’s reservoirs continue to plunge to critically low levels.A top Arizona water official shared details of the Trump administration’s plan at a state meeting on Wednesday. Continue reading...
This mould-ridden rental was on the market for $900 a week. Then Jim Chalmers got up to deliver his 'housing' Budget - and the rent shot up by a staggering $450 OVERNIGHT
This mould-ridden rental was on the market for $900 a week. Then Jim Chalmers got up to deliver his 'housing' Budget - and the rent shot up by a staggering $450 OVERNIGHTLandlord raised the rent by $450 a week after BudgetThe house was full of mould and damp issuesTreasury predicted rent rises of just $2 per weekREAD MORE: The furious groupchat message of landlords plotting revengeBy CHARLOTTE KARP, SENIOR NEWS REPORTER Published: 01:14, 16 May 2026 | Updated: 01:14, 16 May 2026 e-mail View comm...
POV: you’re Jim Chalmers using social media to sell the most ambitious budget of your life
Politicians still care about traditional media, but winning over people spending more of their lives online is the challenge for modern MPsGet our breaking news email, free app or daily news podcastHe’s up before sunrise, pounding the pavement in a cap and running shorts. He’s still up late into the night, having slipped into a comfortable sweater while he checks figures in a darkened office by lamplight, fuelled by sugar-free Red Bull.It’s “decision week”, Jim Chalmers declares of the annual fe...
Burnham in charge? He'd bankrupt Britain: Stark warning as markets take fright at prospect of new left-wing Prime Minister replacing Keir Starmer
Burnham in charge? He’d bankrupt Britain: Stark warning as markets take fright at prospect of new left-wing Prime Minister replacing Keir StarmerBy MARTIN BECKFORD, POLICY EDITOR and HUGO DUNCAN, BUSINESS EDITOR Published: 00:44, 16 May 2026 | Updated: 00:44, 16 May 2026 e-mail View comments
Trump’s Investments In Palantir And Nvidia Draw Scrutiny—Here’s What Companies Were Traded
BreakingBusinessTrump’s Investments In Palantir And Nvidia Draw Scrutiny—Here’s What Companies Were TradedByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorMay 15, 2026, 06:56pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplinePresident Donald Trump drew scrutiny Friday over millions of dollars of securities trades made in recent months involving companies hi...
Trump talks up trade deals with China, but experts see no big wins for U.S.
MoneyWatch Trump talks up trade deals with China, but experts see no big wins for U.S. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo May 15, 2...
Enbridge CEO on Canada Pipelines, Natural Gas Outlook
Enbridge President & CEO Greg Ebel discusses the agreement between Canada and the Alberta province about the carbon tax deal. He discusses the ramifications for future pipelines in the country and how it can affect North America at large going forward. He speaks with Katie Greifeld & Isabelle Lee on “The Close.” (Source: Bloomberg)
William and Kate are paying £300,000 a year in rent on their 'forever home' in Windsor, reports reveal
William and Kate are paying £300,000 a year in rent on their 'forever home' in Windsor, reports revealBy TARYN KAUR PEDLER, FOREIGN NEWS REPORTER Published: 23:21, 15 May 2026 | Updated: 23:21, 15 May 2026 e-mail View comments
Abu Dhabi to ramp up crude storage, India’s reserve may go up 70%
India's crude oil security is set for a significant boost as the UAE's ADNOC agrees to increase crude storage to 30 million barrels. This move will add over four million tonnes to India's existing strategic reserves, enhancing energy supply stability amidst regional conflicts. Agreements also explore LNG and LPG storage, strengthening India-UAE energy ties.
Sinner closes in on Italian Open final before rain halts Medvedev clash
World No 1 Jannik Sinner moved to within two games of the Italian Open final against Casper Ruud before heavy rain suspended his semi-final against Daniil Medvedev on Friday, with the home favourite leading 6-2 5-7 4-2.
Boeing says China committed to buy at least 200 aircraft after Trump-Xi summit
President Trump is heading back to Washington, D.C., after his Beijing summit with Chinese President Xi Jinping. The president touted "fantastic trade deals" made between the U.S. and China. CBS News senior White House and political correspondent Ed O'Keefe has the details.
Petrol, diesel prices up by Rs 3, CNG by Rs 2, further hike likely; no change in piped gas yet
NEW DELHI: Amid mounting losses, public sector oil firms announced the much-anticipated increase in petrol and diesel prices, raising it by around Rs 3 a litre across metros on Friday, which was lower than expected. Piped kitchen gas prices were, however, left unchanged.
Fuel Costs Driving Demand to Buses, Says Flix North America CEO
Kai Boysan, CEO of Flix bus company in North America, said that high fuel costs have historically pushed people from personal cars and air travel to bus trips as consumers look for affordable ways to travel. Boysan said that his company is focused on reliability and bus amenities like comfortable seats and wifi to drive customer satisfaction. (Source: Bloomberg)
Equities & Bonds Take a Hit To Close the Week | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Berkshire Boosts Alphabet, Exits Amazon in CEO’s First Quarter
Greg Abel spent his first months as chief executive officer of Berkshire Hathaway Inc. boosting the conglomerate’s holding in Alphabet Inc. while exiting its bet on Amazon.com.
RJ Scaringe has raised more than $12 billion across three startups and investors still want more
Investors can’t seem to get enough of RJ Scaringe or his ideas. In less than a decade, the serial entrepreneur best known for his EV company Rivian, has raised more than $12.3 billion from venture capital firms, as well as strategic and institutional investors for his three — and counting — startups. If the latest $400 million raise for his new venture Mind Robotics is an indicator, investors are still happily piling in.