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The fog around the Strait — and the lessons for business
‘What’s the latest on the Strait?’, a friend asked as I was about to roll in a par during a round of football golf with our kids (it’s great fun, give it a try).‘Errrm, it’s complicated… and there’s, errm, hope that they…do the, errm…”, I replied with the confidence of a school pupil who was about to tell a teacher why the dog had eaten their homework again.In my role, I do like to think I have a grasp of what is happening with the current situation and the likely next steps, but I also have to...
Heathrow could be forced to allow other firms to build third runway to cut costs
Under aviation regulator proposals rival companies would bid to design and build parts of airport expansionHeathrow could be forced to allow other companies to design and build its third runway and new terminal after the UK aviation regulator argued that rival bids could keep construction costs down.A long-awaited review by the Civil Aviation Authority (CAA) proposes changes to the regulatory model that governs how Heathrow runs and covers its costs. Continue reading...
From phishing to porn star impersonators: how scamming athletes became a billion-dollar industry
Athletes have always been targets for criminals hoping to profit from their wealth. But a new wave of dangers has cropped up in recent yearsWith exorbitant ticket, travel and hotel prices making fans desperate to find an affordable way of attending this summer’s World Cup, it’s no surprise that security firms and law enforcement agencies are warning that fans are at significant risk of becoming fraud victims.While major tournaments are moments of heightened vulnerability for supporters, players...
How will Jerome Powell be remembered as he exits as Fed chair?
MoneyWatch How will Jerome Powell be remembered as he exits as Fed chair? Experts weigh in. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi, Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. R...
Gen Z homeowners? Yes, more in their 20s are managing to buy despite the odds
National Gen Z homeowners? Yes, more in their 20s are managing to buy despite the odds May 15, 20265:00 AM ET Jennifer Ludden Francisco Vazquez, 27, stands in front of his new home in Milwaukee, Wis. He was able to buy it after changing his career track and saving aggressively, including for one year while he lived rent free with his parents. Caleb Alvarado for NPR/2026-04-GenZHomeowners hide caption toggle caption Caleb Alvarado for NPR/2026-04-GenZHomeowners In Milwaukee, Francisco Vazquez, 27...
UK borrowing costs rise and pound falls as leadership drama continues
UK borrowing costs rise and pound falls as leadership drama continuesJust nowShareSaveAdd as preferred on GoogleRachel ClunBusiness reporterEPAUK government borrowing costs have risen and the pound has fallen as the battle for the Labour leadership took another twist with Andy Burnham's decision to fight a by-election.While other European government borrowing costs also rose, the UK movements have been greater, which analysts said had been fuelled by market concerns that a Burnham-led government...
Gilts and pound suffer sell-off as market frets over Labour leadership
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Indian magnate Adani agrees to multi-million-dollar penalty in US court case
Indian billionaire industrialist Gautam Adani has agreed to pay a multi-million-dollar settlement in a US civil court case linked to corruption without admitting guilt, his company said on Friday. The November 2024 indictment in New York accused the industrialist and multiple subordinates of deliberately misleading international investors as part of a vast bribery scheme. Adani was accused of having participated in an estimated $250 million scheme to bribe Indian officials for lucrative solar en...
Christopher Harborne, tycoon who gave £5m to Farage, enters UK rich list at No 6
Crypto billionaire goes straight into top 10 on Sunday Times list, with Noel and Liam Gallagher among other first-timersBusiness live – latest updatesUK politics live – latest updatesChristopher Harborne, the crypto billionaire who controversially gifted Nigel Farage £5m, has been named in the list of the UK’s wealthiest people for the first time.Other first-timers in the top 350 include Noel and Liam Gallagher and Emily Eavis, the daughter of Glastonbury festival founder Michael Eavis, accordin...
British teens are swapping Saturday jobs for startups... and the vast majority are getting a helping hand from AI
As the job market shrinks for the young, many now consider themselves 'founders' of tech-driven companies, new research has found.
Odd Lots: Albert Edwards Believes Inflation Will Surge (Podcast)
Making a long career as a bear at a sell-side institution is tough. Generally financial markets have done quite well which means forecasting doom and gloom is, usually, only tenable for so long. Which is why we wanted to talk to one of the most successful bears out there. Société Générale has let Albert Edwards out of the bear cage for today’s episode. Edwards knows his reputation as a bear is well deserved: He believes, among other things, double-digit inflation is in the offing. We also talk a
Lloyds makes major change for customers with new '£50 rule' on accounts
High street chain has made a change which could see some users charged for even small dips into their overdrafts
China, US to maintain stability in trade, economic relations — Xi Jinping
Donald Trump’s current visit to China was a "historic and landmark event," Xi Jinping said
Chinese AI Optics Billionaire Eyes Dual Listing In Hong Kong After 340% Stock Rally
AsiaEditors' PickChinese AI Optics Billionaire Eyes Dual Listing In Hong Kong After 340% Stock RallyRoboTechnik Intelligent Technology’s Shenzhen-listed shares soared 340% over the past year, propelling founder Dai Jun’s net worth to $2.4 billion. ByZinnia Lee,Forbes Staff. I cover billionaires and startup founders in Asia.Follow AuthorMay 15, 2026, 03:32am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.@font-face{font-fa...
TT Electronics sales drop as it refreshes board following ill-fated takeover
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UAE CEOs fear losing jobs if AI plans fail, study finds
Dubai: Artificial intelligence is rapidly becoming one of the biggest pressure points for CEOs in the UAE, with a new study showing many business leaders now believe their jobs could depend on whether AI delivers measurable business results.Sign up for our daily business newsletter, Cheques & Balances.New research from Dataiku, a French-American artificial intelligence and machine learning company, found that 79 per cent of UAE CEOs believe their roles are at risk if their companies fail to achi...
UAE’s new West-East pipeline to double ADNOC’s export capacity through Fujairah
UAE is set to accelerate the delivery of the new West-East Pipeline project, which would double ADNOC’s export capacity through Fujairah.The pipeline is currently under construction and is expected to become operational in 2027.The decision was taken after Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, chaired a meeting of the executive committee of the ADNOC board of directors, held at the company’s headquarters in Abu D...
Iran conflict plunges European chemical industry into crisis — FT
According to the publication, high energy prices and weak demand have already led to the closure of two plants in the chemical cluster of the Port of Rotterdam
Petrol, diesel price hike: Indian Oil director calls it ‘very small rise’
The government on Friday raised petrol and diesel prices by Rs 3 per litre nationwide. In Delhi, petrol prices increased from Rs 94.77 to Rs 97.77 per litre, while diesel rates moved up from Rs 87.67 to Rs 90.67 per litre.
Bank of Korea’s New Board Member Flags Inflation, Housing Risks
The Bank of Korea’s newest board member highlighted mounting inflation and financial-stability risks tied to the Middle East conflict, housing prices and capital flows in his inaugural remarks Friday, reinforcing expectations the central bank is moving toward a hawkish bias.