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Abu Dhabi’s L’imad Eyes $30 Billion Infra Push With Temasek, GIP
Abu Dhabi’s L’imad Holding is joining local and global partners in an investment venture targeting $30 billion of infrastructure projects, underscoring the central role the new sovereign wealth fund is likely to play in the emirate’s ambitions.
Chinese Stocks Fall as Markets Await Signals From Xi-Trump Talks
Chinese equities slipped as President Xi Jinping met with his US counterpart Donald Trump, with investors taking some profits after a recent tech-driven rally while waiting for clearer signals from the talks.
Clio’s $500M milestone arrives just as Anthropic ups the ante
While AI is now being applied to everything from healthcare to customer support, no single use case has yet been nearly as popular or lucrative as code writing. Jack Newton, co-founder and CEO of Clio, a Canadian law firm management software company, is convinced that legal tech is poised to be the next big winner of the LLMs era. That’s a self-interested claim — 18-year-old Clio is a legal tech company — but the numbers are hard to dismiss.
Amazon cuts more jobs after 30,000 layoffs; says it regularly reviews organisation to meet goals
Amazon continues its workforce reduction, now impacting its Selling Partner Services division after significant layoffs earlier this year. This move aligns with CEO Andy Jassy's focus on efficiency and cost discipline. Simultaneously, the e-commerce giant is heavily investing in AI, a strategy Jassy believes will drive substantial long-term growth and redefine customer experiences.
UK high street sports retailer to close 175 underperforming stores
JD Sports made the move to America in 2024, buying Alabama-based brand Hibbett, but after tough competition the sports retailer will be shutting 175 shops nationwide
Miss Universe Australia Olivia Molly Rogers' ex-husband Justin McKeone facing bankruptcy petition after failing to repay $556,000 he stole from his employer on drugs and gambling spree
Miss Universe Australia Olivia Molly Rogers' ex-husband Justin McKeone facing bankruptcy petition after failing to repay $556,000 he stole from his employer on drugs and gambling spreeMcKeone charged with over 100 fraud offencesAccused of stealing nearly $500,000READ MORE: Miss Universe Australia's ex-husband 'comes back from the dead'By WAYNE FLOWER, SENIOR NEWS REPORTER, AUSTRALIA Published: 05:31, 14 May 2026 | Updated: 05:31, 14 May 2026 e-mail View comments
Rupee inches towards 96: Currency touches record low at 95.85 against US dollar
The Indian Rupee hit a fresh all-time low against the US dollar, slumping to 95.74 amid soaring crude oil prices and Middle East tensions. While RBI interventions and higher gold import duties offered some support, the currency remains vulnerable. Foreign investors offloaded equities, yet domestic stock markets opened higher.
Cuba has run out of diesel and oil, energy minister says
Cuba has run out of diesel and oil, energy minister says6 minutes agoShareSaveAdd as preferred on GoogleHarry SekulichAFP via Getty ImagesA man cooks with firewood during a blackout in HavanaCuba has completely run out of diesel and fuel oil, the country's energy minister Vicente de la O Levy has said.In an interview with state-run media, de la O Levy said there were limited amounts of gas available, but that Cuba's energy system was in a "critical" state as a US-led blockade of oil to the count...
Japan’s Eneos Buys Chevron’s Asian Oil Assets for $2.2 Billion
Japanese refiner Eneos Holdings Inc. has agreed to purchase some of Chevron Corp.’s refining and retail assets across the Asia Pacific for $2.17 billion, significantly expanding its footprint across the region.
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Asia markets mixed as Trump-Xi summit, AI trade dominate
Asian markets were mixed Thursday as investors weighed a high-stakes US-China summit and persistent inflation concerns, which tempered optimism fuelled by record highs on Wall Street.The cautious mood came after another tech-led rally on Wall Street, where the Nasdaq and S&P 500 hit fresh record highs overnight, buoyed by robust earnings and continued enthusiasm for artificial intelligence investment.But investor attention centred on President Donald Trump's visit to Beijing -- the first by a US...
US chip start-up Cerebras to raise $5.5 billion in IPO
US chip startup Cerebras Systems announced that its listing on Wall Street will start Thursday at $185 per share, raising about $5.5 billion, the largest IPO so far this year in the United States. Taking into account all shares already outstanding, including stock options and other financial instruments, the Sunnyvale, California-based company is valued at over $55 billion. Elon Musk's SpaceX moves toward record IPO that could raise $75 billionCerebras has twice raised its target price for the l...
US renews $100m Cuba aid offer; alleges Havana blocking ‘critical life-saving aid’
US News: The United States renewed an offer of $100 million in humanitarian aid to Cuba, saying the assistance would be made available if Havana cooperates wit.
The Real Reason Employee Engagement Programs Deliver So Little
InnovationAIThe Real Reason Employee Engagement Programs Deliver So LittleByCharles Towers-Clark,Contributor.Forbes contributors publish independent expert analyses and insights. Charles writes about organisational changes required to scale & AI.Follow AuthorMay 13, 2026, 11:15pm EDTEngaged managers leading employeesIan Foley - Iantoons.comOnly 20% of employees worldwide are engaged at work. So, four out of five employees are spending roughly a third of their lives without any meaningful connect...
Australian giant Coles misled shoppers with fake discounts, court rules
Australian giant Coles misled shoppers with fake discounts, court rules57 minutes agoShareSaveAdd as preferred on GoogleHelen LivingstoneSydneyGettyAustralian supermarket Coles faces significant penalties after court ruling on fake discountsAustralian supermarket giant Coles misled consumers with fake discounts, the federal court has ruled in a landmark decision which could mean significant penalties.The country's consumer watchdog had sued Coles over its "Down Down" promotions on hundreds of it...
Top stocks to buy: Stock recommendations for today - check list
Top stock market recommendations: Grasim Industries, Hindustan Unilever, and National Aluminium Co have been shortlisted as the top stocks to buy today (May 14, 2026) by Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group. The expert also shares his outlook for Nifty, and Bank Nifty.
Dr Reddy's, Dixon Technology & more: Top stocks to watch today
Morgan Stanley maintained an equal-weight rating on Dr Reddy’s Labs, citing missed Q4FY26 estimates and a slight delay in Semaglutide ramp-up. Kotak Institutional Equities recommended buying Dixon Technologies, driven by strong consumer electronics performance. Citigroup reiterated its buy on Max Financial, highlighting margin improvements and sustained growth. Macquarie rated Berger Paints underperform, despite a constructive outlook.
IMF funds arrive as govt opens pre-budget talks
• Aurangzeb, mission discusses revenue targets, tax measures, reforms, fiscal strategy• Lender stresses need for fiscal discipline• Minister heads to China for Panda bond launch ISLAMABAD / KARACHI: Pakistan has received fresh inflows of $1.3 billion from the International Monetary Fund (IMF), which has pushed the State Bank of Pakistan’s (SBP) foreign exchange reserves above $17bn and closer to the central bank’s target of $18bn. Meanwhile, a visiting IMF mission on Wednesday began a pre-b...
LinkedIn to lay off hundreds of employees 'as part of regular business planning'
Microsoft-owned LinkedIn is reportedly laying off approximately 875 employees, or 5% of its global workforce, across its Global Business Organization, marketing, engineering, and product teams. The company is also reducing spending on marketing, vendor costs, and office space as part of its strategic realignment for future growth and profitability.
UAE banks did not seek Covid-style bailout during war, says banking chief
Dubai: The UAE banking sector did not seek a Covid-style rescue package during the current regional crisis, senior banking officials said on Wednesday, even as lenders prepared for disruption linked to trade, tourism and regional shipping routes.Sign up for our daily business newsletter, Cheques & Balances.Speaking during a media briefing, senior officials at the United Banks Federation (UBF) - a professional body of banks and financial institutions operating in the UAE - said the sector remaine...
75 days of Hormuz chaos: Oil prices remain high as Trump-Xi talks near
Oil prices saw a slight uptick as traders awaited crucial talks between US President Trump and China's Xi Jinping. Lingering concerns over the Strait of Hormuz disruptions and the ongoing Middle East conflict are keeping markets on edge. Despite US pressure, China's continued reliance on Iranian oil adds complexity to potential resolutions.