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India has asked US to extend license to purchase oil from Russia — Bloomberg
The US Department of the Treasury’s authorization for the sale, transportation, and unloading of oil and petroleum products of Russian origin expires on May 16, the agency said
BlackRock Fund Manager Says European Stocks Are Attractive
Euro-zone stocks look attractive after the recent pullback, according to BlackRock Inc’s Thomas Becker, who argues that policymakers may use the current energy crisis to drive long-awaited fiscal investment.
Why is stock market up? Sensex jumps 1,000 points; Nifty50 above 23,700 - top reasons
Despite the bullish undertone in equities, several risk factors continue to keep investors on edge. The rupee touched a fresh record low after breaching the 95.8 mark against the US dollar for the first time.
Outgoing Currys boss to take top job at Boots
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Senior Slovak lawmaker says Germany facing major problems with auto industry
"All loans and investments spent on weapons or Ukraine, economically hinder the future development of the EU, with the EU economy losing competitiveness," Tibor Gaspar said
Congo Eyes Deals With Cobalt Producers to Tackle Illegal Mining
A state-owned company that holds a monopoly on the purchase of hand-dug cobalt in Democratic Republic of Congo is seeking to form additional partnerships with industrial producers to control illegal mining on their sites, the head of the group said in an interview.
US Says China Wants More Of Its Oil to Cut Middle East Reliance
Chinese President Xi Jinping opposes efforts to charge a toll to navigate the Strait of Hormuz and is interested in purchasing more US oil to reduce its dependence on the waterway in the future, according to a White House official.
Arresting rupee’s fall: India eyes cut in taxes on bond investments by foreigners
The proposal was suggested by the Reserve Bank of India and is currently under active consideration by the Finance Ministry, sources said. Talks around reducing taxes for overseas investors have accelerated amid efforts to slow the rupee’s decline, they added.
Finance ministry says report on Dar being handed budget-making process 'misleading, incorrect'
The Ministry of Finance said on Thursday that a media report claiming Deputy Prime Minister and Foreign Minister Ishaq Dar had been handed the budget-making process was “misleading” and “factually incorrect”. The clarification came after a report published by The Express Tribune said the government had “handed over the responsibility of making the new budget to Dar after it found the initial work below par”. According to the report, Prime Minister Shehbaz Sharif had constituted a Dar-led committ...
Reeves warns against risks to economic stability after surprise March growth
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Reeves says ‘if economy ain’t broke, don’t fix it’ - as fight to keep her job goes on
Whoever wins the Labour leadership tussle, the chancellor’s prospects for staying inpost have risen given the surprise GDP boostBusiness live – latest updatesUK economy records surprise 0.3% growth despite Iran warThe message from Rachel Reeves is clear. After Britain’s economy defied the predictions for a slump in March, despite the fallout from the Iran war, why put things at risk with a roll of the dice in domestic politics?Responding to bumper growth of 0.3% in March – much stronger than Cit...
India Calls For UN Reforms, Gaza Ceasefire At BRICS Foreign Ministers' Meet
Jaishankar opened his address with a frank assessment of a deteriorating global landscape. Conflicts, climate events, and the Covid pandemic, he said, had been "key contributory factors" to widening vulnerabilities.
India’s wholesale inflation jumps to 8.3% in April as fuel, crude oil prices surge
India's wholesale inflation surged to 8.30% in April 2026, a significant jump from March's 3.88%. This spike is primarily attributed to soaring fuel, power, and crude oil prices, exacerbated by the West Asia crisis. Mineral oils, basic metals, and manufactured products also contributed to the rise, impacting various sectors.
‘Inevitable’ jet fuel shortages will drive up air fares this summer, says Willie Walsh
Impact of disruption caused by US-Israeli war on Iran may be felt into 2027 even if strait of Hormuz reopens, says aviation body headIncreases in air fares for travellers in Europe are “inevitable” over the peak summer period because of the high cost of jet fuel, according to the head of the international aviation body.While some airlines faced with weak demand have reduced their European fares recently, Willie Walsh, the former British Airways boss who leads the International Air Transport Asso...
PM Shehbaz says efforts now needed to turn Pakistan into an 'economic power'
Prime Minister Shehbaz Sharif said on Thursday just as Pakistan had emerged as a nuclear power, efforts were now needed to turn it into an economic power. The premier expressed these views while addressing a federal cabinet meeting in Islamabad, where he also spoke about May 28. On May 28, 1998, Pakistan joined the ranks of nuclear powers after atomic tests in the hills of Chagai, Balochistan. In his address, PM Shehbaz said on that day, Pakistan gained a power that would remain a “defensive ass...
Polish Economy Slows in Early 2026, Casting Doubt on Rates Path
Poland’s economy slowed in the first quarter as an unusually long winter freeze curbed activity in the construction sector, with fading momentum likely to increase uncertainty over central bank policy.
Brookfield Nears $935 Million Loan for World Freight Purchase
Brookfield Asset Management Ltd. is close to securing a $935 million loan to back its purchase of air cargo specialist World Freight Co., according to people familiar with the matter, the latest in a recent spate of acquisition financings in Asia.
Mel Stride slams Rachel Reeves’s ‘absolutely abysmal’ record despite GDP win for Chancellor
Sir Mel Stride has slammed Rachel Reeves’s “absolutely abysmal” record on the economy, despite new data showing the UK's gross domestic product (GDP) rising. Speaking to GB News, the Conservative Shadow Chancellor said he “disputed” that his opposite number was “responsible in any way for a strong economy”. This morning, fresh figures from the Office for National Statistics (ONS) showed that the GDP rate for January to March 2026 rose by 0.6 per cent. For March alone, the economy grew by 0.3 per...
Significant decline! How much have India's forex reserves fallen since US-Iran war?
India Business News: Philippines and India are the Asian countries that have seen the highest percentage losses to their foreign exchange reserves as a result of the ongoi.
Burberry returns to profit as turnaround bears fruit
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