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Walmart to combine global tech & product teams; to lay off or relocate 1,000 employees
Walmart is restructuring its global technology and product teams, leading to approximately 1,000 corporate employees facing layoffs or relocation. This move aims to improve efficiency by combining similar functions and aligning organizational efforts. The retail giant is also experiencing a slowdown in tech hiring, reflected in a significant reduction of H-1B visa applications.
How barrier-free highway tolls will save the fuel Modi wants Indians to
How barrierfree highway tolls will save the fuel Modi wants Indians to
OPEC+ countries’ output down 1.63 mbd in April — report
Considering all voluntary cuts and compensation schedules planned for April, OPEC+ nations were to produce 37.906 mbd
Energy Independence Bill explained as Britons could get cheaper electricity on windy and sunny days
Households could soon pay less for electricity at certain times of the day under new Government plans aimed at cutting energy bills and boosting the use of renewable power.The proposals would allow consumers to access cheaper electricity when wind and solar farms are generating more energy than the UK needs.New legislation unveiled in the King’s Speech would introduce a system offering lower energy prices during periods of excess renewable electricity production, such as bright and windy days.Un...
US Producer Prices Climb by Most Since 2022
US wholesale inflation increased in April to the fastest pace since 2022 on increased energy prices. The producer price index rose 6% from a year ago, while a core measure of wholesale inflation that excludes food and energy increased 5.2% from April 2025, the biggest advance in more than three years. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Bharti to Raise Airtel Africa Stake in $2.9 Billion Stock Swap
Bharti Airtel Ltd. approved a plan to bolster its stake in its UK-listed African subsidiary through a $2.9 billion stock swap, a move which India’s No. 2 wireless operator expects will boost earnings per share.
Russian oil supplies to India rise to 2 mln bpd in March — OPEC report
India’s total oil imports in March declined compared with February and averaged 4.49 mln bpd
OPEC cuts 2026 global oil demand growth forecast, raises 2027 outlook
According to OPEC’s forecast, global oil consumption this year could amount to 106.33 mln bpd
'I became a millionaire overnight– no one prepares you for the crushing reality'
Businessman Andrew Hulbert sold the company he had built from his bedroom and became a multimillionaire overnight – but the reality of sudden wealth was far removed from fantasy
North Sea Oil Fetches Discount for First Time During Iran War
A North Sea oil grade that’s central to setting the world’s most important physical crude price traded at a discount for the first time during the Iran war, as immediate fears ease of a supply shock in Europe.
New laws to fine businesses who pay suppliers late a ‘historic moment’, SMEs say
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Iran War Tests Turkish Central Bank’s Ambitious Inflation Target
A global energy price shock sparked by the US-Israeli war on Iran is forcing Turkey’s central bank to raise its inflation forecasts, putting further strain on the country’s efforts to slow price gains.
India Must Up Nuclear Capacity Tenfold To Meet Energy Security Goals: Report
Titled "Atoms for Net-Zero", the report positions nuclear power as a cornerstone of India's long-term industrial growth strategy, particularly as electricity demand surges from data centres, artificial intelligence, manufacturing, green hydrogen production, and heavy industry.
Dubai Taxi to acquire National Taxi in Dh1.45 billion deal
Dubai: Dubai Taxi Company has signed an agreement to fully acquire National Taxi in a deal valued at Dh1.45 billion, marking one of the biggest consolidation moves in the UAE’s taxi sector.Sign up for our daily business newsletter, Cheques & Balances.National Taxi operates in both Dubai and Abu Dhabi and manages a fleet of more than 2,700 vehicles, Dubai Media Office shared on X. The acquisition is expected to increase Dubai Taxi’s market share in Dubai from 47 per cent to 59 per cent, significa...
Modest gains in GDP, per capita income indicate recovery in output, government says
ISLAMABAD: Pakistan’s gross domestic product (GDP) and per capita income increased in dollar terms at a modest pace, indicating a recovery in the country’s overall output compared to the previous year, the government said on Wednesday. It was revealed that the country’s economy is expected to grow by 3.70 per cent in the current fiscal year, a revision from earlier projections of 4pc, suggesting that Pakistan will fall short of its GDP target. The provisional growth rates in agriculture, industr...
Trump's 'CEO crew' to Beijing is almost as rich as world's third-largest economy
Donald Trump has landed in Beijing with 17 American companies in tow, worth a combined $16.47 trillion—roughly 90% of China's entire 2025 GDP. Jensen Huang joined at the last minute, boarding Air Force One in Anchorage. Nvidia and Apple alone account for $9.7 trillion of that, while Meta sent its policy chief after Beijing blocked its $2 billion Manus deal.
Indian-origin-CEOs trick behind US investor's share-market jackpot?
IndianoriginCEOs trick behind US investors sharemarket jackpot
Deutsche Bank, Santander Test World Bank’s Risk Transfer Engine
Deutsche Bank AG and Banco Santander SA are among financial institutions participating in a milestone synthetic securitization designed to help the World Bank Group leverage its ability to provide loans to emerging-market borrowers.
3 Key Takeaways From Mamdani’s Historic $124.7 Billion NYC Budget
MoneyTaxes3 Key Takeaways From Mamdani’s Historic $124.7 Billion NYC BudgetByNathan Goldman,Contributor.Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ.Follow AuthorMay 13, 2026, 07:54am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Zohran MamdaniGetty ImagesNew York City Mayor Zohran Mamdani announced his historic $124.7 billion budget, which includes...
Nissan ponders building cars for Chinese rivals at Sunderland plant
CEO admits talks with Chery as other European carmakers discuss plans with Chinese firms to share factory spaceNissan’s chief executive has confirmed he would consider building cars for other manufacturers at the UK’s largest car factory in Sunderland, amid talks with China’s Chery.Ivan Espinosa said Nissan was “looking at options” for Sunderland and its 6,000 workers as the struggling Japanese carmaker on Wednesday reported steep losses for the year to March. Continue reading...