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The events of the last 48 hours mean a financial crisis is inevitable. I've been reporting on our economy for more than 50 years and I've never felt more depressed. This is what's coming: ALEX BRUMMER
The events of the last 48 hours mean a financial crisis is inevitable. I've been reporting on our economy for more than 50 years and I've never felt more depressed. This is what's coming: ALEX BRUMMERBy ALEX BRUMMER, CITY EDITOR Updated: 01:00, 13 May 2026 e-mail View comments
Capital gains tax and negative gearing benefit the 1% and this chart shows it
More than half of the benefit of the CGT concession went to the top 1% of income earners, the most recent data showsWant to get more charts in your inbox every fortnight? Sign up for The Crunch hereThis year’s federal budget includes changes to negative gearing and capital gains (CGT) and discretionary trust tax concessions – policies that some blame for fuelling housing speculation and that disproportionately benefit the richest.The top 1% of lifetime earners alone have received more than $700,...
Ryanair to increase staff bonus for applying £65 baggage fine on passengers
The budget airline is set to increase the staff bonuses for catching those out who travel with oversized baggage as travellers will be issued a £65 fine for the large luggage
Will Trump seek investment to join China in a "dark factory" future?
CBS Evening News As Trump visits China, will he seek investment to build American "dark factories" of the future? .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-evening-news.jpg'); } By Anna Coren Anna Coren Foreign correspondent Anna Coren, CBS News foreign correspondent based in Hong Kong, is an Emmy Award-winning international correspondent who covers the Asia-Pacific region. Read Full Bio Anna Coren May 12, 2026 / 7:50 PM EDT / CBS News Add CBS News on Googl...
So how should you invest to MAKE money under massive tax changes?
So how should you invest to MAKE money under massive tax changes?READ MORE: Albanese's property tax shake up to drive down house prices By SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 00:47, 13 May 2026 | Updated: 00:47, 13 May 2026 e-mail View comments
'Oil cos losing Rs 1,000 crore a day': Hike in prices imminent, hints Petroleum minister Puri
Public sector oil companies are facing daily losses of Rs 1,000 crore, potentially forcing fuel price hikes soon. Minister Hardeep Singh Puri highlighted significant under-recoveries, warning that companies cannot sustain these losses indefinitely. While elections are not the reason for the freeze, a drop in crude prices or reopening of the Strait of Hormuz could offer relief.
Amlak Finance announces Dh52 million in net profit for Q1 2026
DUBAI: Amlak Finance PJSC announced its quarterly financial results for the period ended March 31, 2026. The Company maintained its focus on the prudent management of its UAE operations and overall balance sheet.During the period, Amlak reported a net profit after income tax of Dh52 million, compared to Dh28 million in the corresponding period of 2025, representing a quarter-on-quarter growth of 86%.Get updated faster and for FREE: Download the Gulf News app now - simply click here. Amlak’s tota...
Markets suffer meltdown over anarchy in Downing Street while royals are drawn in amid concern for King's speech - as Streeting to hold showdown talks with PM
Markets suffer meltdown over anarchy in Downing Street while royals are drawn in amid concern for King's speech - as Streeting to hold showdown talks with PMGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By JASON GROVES, POLITICAL EDITOR and HUGO DUNCAN, BUSINESS EDITOR Published: 00:21, 13 May 2026 | Updated: 00:21, 13 May 2026 e-mail View comments
Buyers Holding off on NYC: Brown Harris Stevens CEO
Brown Harris Stevens CEO Bess Freedman discusses NY Democrats cutting deal on second-home tax and says we need complete property tax reform. She speaks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)
Australia Tackles Property Tax Breaks in Budget
Australia will overhaul tax settings that have long favored property investors and assist households and firms grappling with soaring fuel costs in a budget presented by Treasurer Jim Chalmers. (Source: Bloomberg)
Three-quarters of UK millionaires would be happy to pay more tax, research finds
Despite concerns super-rich are leaving due to tax burdens, 88% of those surveyed were proud to live in UK and would pay more to fund public servicesNine in 10 UK millionaires are proud to live in Britain and three-quarters would be willing to pay more tax to ensure public assets get the funding they need, according to research.Despite widely reported concerns that the wealthy are choosing to leave the country owing to higher taxes, the survey found millionaires were much more concerned about me...
Keir Starmer to meet key rival Wes Streeting amid open revolt in Labour Party
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Savers warned about ‘leaking bucket’ accounts that may leave them worse off
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12.2m UK adults at risk of pension poverty in later life, report estimates
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Alignment Healthcare CEO Adds Chairman Role As Medicare Business Grows
InnovationHealthcareAlignment Healthcare CEO Adds Chairman Role As Medicare Business GrowsByBruce Japsen,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Bruce Japsen writes about healthcare business and policy.Follow AuthorMay 12, 2026, 06:34pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Alignment Healthcare founder and chief executive officer John Kao is adding the role of chai...
Market 'Yet to Fully Experience' Aluminum Shortfall from Iran, Says Timna Tanners
Shortfalls could persist longer than current expectations and drive up the price of aluminum as an impact of war with Iran says Timna Tanners, managing director of equity research for Wells Fargo. Tanners talked about the different impacts of the war on commodity prices, including copper which neared record highs on Tuesday due to a rise in demand from China and fears about supplies of sulfur in the Mideast. (Source: Bloomberg)
White House invites U.S. business titans to Trump's China summit
The White House invited 16 top U.S. executives to join President Trump on his trip to China. CBS News contributor Patrick McGee joins
Asian Stocks Under Pressure as US Inflation Rises: Markets Wrap
Asian stocks are poised for a weak open after losses on Wall Street, with the dollar strengthening and bonds falling as inflation data showed the impact of energy disruptions linked to the war in Iran.
Oil Holds Gain With Iran’s Exports Strained as Conflict Drags On
Oil was steady as the conflict in the Middle East drags on and keeps the vital Strait of Hormuz effectively closed, with shipments from Iran’s main export terminal appearing to come to a standstill.
Hedge Fund Dymon’s Assets Near $8 Billion, Blowing Past Estimate
Hedge fund firm Dymon Asia Capital Pte is on track to reach $8 billion in assets under management by the third quarter as more global investors seek to back Asia-based hedge funds, according to people familiar with the matter.