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FTSE 100 shrugs off political drama as oil price dips
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Shadow economy accounts for almost half of Ukraine's GDP — IMF
According to IMF spokesperson Julie Kozak, the fund is supporting efforts by the authorities to broaden the tax base
Jensen Huang Joins $200 Billion Club As Nvidia Soars Over Potential China Deals
BusinessBreaking NewsJensen Huang Joins $200 Billion Club As Nvidia Soars Over Potential China DealsByZachary Folk,Forbes Staff. I cover breaking news.Follow AuthorMay 14, 2026, 12:17pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineNvidia CEO Jensen Huang’s fortune climbed over $200 billion for the first time Thursday as shares in the chip designer rose over 4%, making him the seventh person in the world to active...
Xi mentions "Thucydides trap" theory during Trump summit in China
During remarks in a private meeting, according to reports, Chinese President Xi Jinping mentioned an obscure political theory that may suggest how China wants the U.S. to act. CBS News analyst Aaron MacLaean has more.
Pakistan raises $250m equivalent in inaugural Panda bond issuance
ISLAMABAD: Pakistan raised $250 million equivalent through its inaugural Panda bond issuance in the Chinese capital market at an interest rate of 2.5 per cent, with a three-year maturity, according to Advisor to the Finance Minister Khurram Schehzad. In a social media post on X on Thursday, Schehzad said: “Pakistan has successfully completed its inaugural Panda bond issuance in China’s onshore capital market today, marking the country’s first-ever entry into the world’s second-largest and deepes...
Bloomberg Surveillance 5/14/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
The Federal Reserve Can’t Boost The Economy, But Microsoft Can
BusinessPolicyThe Federal Reserve Can’t Boost The Economy, But Microsoft CanByJohn Tamny,Contributor.Follow AuthorMay 14, 2026, 12:00pm EDTSAN FRANCISCO, CALIFORNIA - NOVEMBER 06: Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event on November 06, 2023 in San Francisco, California. Altman delivered the keynote address at the first ever Open AI DevDay conference. (Photo by Justin Sullivan/Getty Images)Getty ImagesMicrosoft invested $1 billio...
Ukrainian drone attack leaves two Zaporozhye NPP employees injured
Multiple attacks by Ukraine hindered the evacuation of the two employees
Post Office launches credit card with interest-free spending offer and no foreign transaction fees
The Post Office has launched a new travel credit card aimed at holidaymakers, offering fee-free overseas spending and six months of interest-free purchases as it expands its financial services business.The new card, unveiled today, comes with no foreign transaction fees, meaning customers will not face additional charges when making purchases abroad or shopping online with overseas retailers.Cardholders will also receive six months of interest-free spending on purchases alongside no annual fee,...
US-China Discussions on Farm and Oil Trade Expansion
Lizzy Galbraith, Senior Political Economist at Aberdeen, speaks about discussions between the US and China regarding increased trade in farm and oil sectors. The conversation focused on the potential economic and political implications of these trade talks, highlighting the significance of agricultural and energy commodities in the bilateral relationship. Galbraith offered insights into how these developments might influence market dynamics and broader geopolitical considerations. (Source: Bloom...
Markets Ignore Idea that Fed May Have to Ditch Bias to Cut
Investors are underpricing the prospect that the Federal Reserve may have to abandon its bias to cut interest rates. Seema Shah, Chief Global Strategist at Principal Asset Management, discusses the path forward for central banks, especially the Fed amid the transition to a new chair. (Source: Bloomberg)
Versant Media Group Shares Rise Following Positive Q1 Earnings Report
BusinessMediaVersant Media Group Shares Rise Following Positive Q1 Earnings ReportByRick Ellis,Contributor.Forbes contributors publish independent expert analyses and insights. The global media business, from streaming to linear TVFollow AuthorMay 14, 2026, 11:31am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.CANADA - 2025/06/09: In this photo illustration, the Versant logo is seen displayed on a smartphone screen. (Pho...
HMRC signs £175billion deal to crack down on fraud and tax errors after 93,000 complaints
HM Revenue and Customs (HMRC) has signed a major £175million agreement with British artificial intelligence company Quantexa as the tax authority seeks to crack down on fraud and improve its struggling customer service operations.The decade-long partnership, announced today, will see Quantexa’s AI-powered systems integrated into HMRC operations to help identify fraudulent activity and detect errors in tax returns more quickly.The move represents one of the department’s most significant technolog...
$100,000 short-term CD vs. $100,000 high-yield savings account: Which will earn more this year?
MoneyWatch: Managing Your Money $100,000 short-term CD vs. $100,000 high-yield savings account: Which will earn more this year? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your...
First Brands Windup Should Be Run by Trustee to Lower Costs, US Says
Bankrupt auto-parts maker First Brands Group should be taken over by a court-supervised trustee who can finish liquidating its assets at a much lower cost than what the company’s high-priced advisers are charging, federal officials argued in a court filing.
Energy Hype Drives Ford Rally
Ford may be on the verge of a major breakthrough, this time outside the car business. Morgan Stanley says the the automaker may be closing in on a massive battery storage deal with hyperscalers, potentially unlocking a $10 billion high-margin energy business. Bloomberg Auto Reporter Keith Naughton joined Bloomberg Open Interest with more details. (Source: Bloomberg)
Govt caps gold imports under advance authorisation at 100 kg, tightens compliance
The government has capped gold imports under the Advance Authorisation scheme at 100 kilograms and tightened compliance and monitoring norms for importers in the gems and jewellery sector, according to a DGFT notification issued on Thursday.
Hamdan bin Mohammed reviews operations and multimodal expansion at Jebel Ali Port - Emirates 24|7
Hamdan bin Mohammed reviews operations and multimodal expansion at Jebel Ali Port Emirates 24|7
US moving to drop fraud case against Gautam Adani, settle SEC suit: Report
US authorities are reportedly moving to end fraud cases against Gautam Adani, with the Department of Justice potentially dropping criminal charges and the SEC nearing a settlement in its civil case. This development could offer a significant legal reprieve for the billionaire and the Adani Group, which has been facing regulatory scrutiny.
NDIS cuts could leave some participants with a funding gap. How will the changes affect you?
Proposals also grant the health minister power to change disability support rules without state or territory approval. Here’s what you need to knowGet our breaking news email, free app or daily news podcastFunding for some services within the National Disability Insurance Scheme will be slashed – even in cases where participants could be left with a funding gap – as part of a sweeping proposal to drastically curb the scheme’s annual growth.The proposed changes, revealed on Thursday, will also gr...