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Iconic British charity begins nationwide store closures as 190 shops set to leave high street
Cancer Research UK has closed its Aberdeen branch on Rosemount Viaduct today as part of a sweeping restructuring programme that will see 190 stores shut permanently across Britain by 2027.The Aberdeen closure forms part of an initial wave of 90 shop shutdowns scheduled to be completed by the end of this month.The charity first announced the retail overhaul in October 2025, citing mounting financial pressures facing high street operations across the country.Nine Scottish stores were included in t...
Energy bill discounts worth £150 given to 250,000 British households
Labour has confirmed a major expansion of the Warm Home Discount scheme, with around 250,000 additional Scottish households set to qualify automatically for the £150 energy bill rebate from winter 2026/27.New regulations approved by Parliament will extend the scheme until at least March 2031.The changes mark a significant overhaul in how support is delivered to households in Scotland during the colder months when energy bills are typically at their highest.The Warm Home Discount provides financi...
Fed Doesn't Need to Cut Now: Rosner
Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management, and Oksana Aronov, head of market strategy for alternative fixed income at JPMorgan Asset Management, join Caroline Hyde and Emily Graffeo on "Bloomberg Real Yield." (Source: Bloomberg)
Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high
Cloudflare on Thursday joined a growing list of tech companies — including Meta, Microsoft, and Google — that have reported increased revenue alongside and massive layoffs, attributing both trends to their use of AI. Cloudflare, which provides internet security and performance services to millions of websites worldwide, announced it was cutting its workforce by approximately 20%, which equates to 1,100 people, it said as part of its first quarter 2026 earnings report on Thursday.
US Wage Gains Moderated, Jobless Rate Holds | Real Yield 5/8/2026
"Bloomberg Real Yield" highlights the market-moving news you need to know. Today's guests: JPMorgan Head of Market Strategy, Alternative Fixed-Income Oksana Aronov, Goldman Sachs Asset Management Lindsay Rosner, and Pimco Multi-Asset Credit Strategist Loti Karoui. (Source: Bloomberg)
Bangladesh Thai Aluminium PLC reinvents brand, diversifies into new markets
Bangladesh Thai Aluminium (BTA), which manufactures structural Aluminium profiles for building glazing and interiors, has undergone a transformation strategy designed around three goals: brand value, domestic growth and sectoral diversification. A balancing, modernisation, restructuring and equipment programme saw the introduction of new product options, increased capacity and upgraded facilities, while a renewed local focus targeted grass-roots customers in semi-urban and rural areas. “We took...
Banglamark Group powers Bangladesh growth with global partnerships and UAE investment
Banglamark Group is a diversified Bangladeshi industrial solutions provider operating across sectors including energy, infrastructure, agriculture and machinery. The company was founded in 2010 with a clear purpose: to address gaps in energy supply and customer needs. Its evolution has been shaped by targeted responses to market demands, a focus on service delivery and the cultivation of international partnerships – an ethos that continues to drive its growth.“We began with the energy sector, wi...
Here’s Where Jobs are Actually Growing And Shrinking In Today’s Economy
BETAThis is a BETA experience. opt-out hereBusinessEditors' PickHere’s Where Jobs are Actually Growing And Shrinking In Today’s EconomyApril marked the first back-to-back month of job gains in a year. But one economist explains why there are real weaknesses beneath the surface. ByCourtney Connley-Hampton,Writer. I cover careers, workplace trends, and leadership topics. Follow AuthorMay 08, 2026, 02:08pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experien...
ASEAN leaders adopt measures to ease economic pain caused by Iran war
The bloc currently imports more than half of its crude oil from the Middle East.
What's the required minimum distribution from a $300,000 retirement account?
MoneyWatch: Managing Your Money What's the required minimum distribution from a $300,000 retirement account? 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 Money section for...
Smart Group of Industries: Building Bangladesh’s diversified powerhouse
Smart Group of Industries began as a single garment factory in a rented building in Chittagong in 2000. Today, it operates eleven business divisions and employs 25,000 people across textiles, logistics, energy, real estate, chemicals, media and more. The group’s development into an industrial conglomerate has been shaped by consistent reinvestment, vertical integration and long-term strategy. “My vision evolved from running a successful apparel operation to building a diversified industrial grou...
Cuba Faces ‘Devastating’ Ripple Effects From US Hit to Mining
Canadian miner Sherritt International Corp.’s decision to shut down its nickel operations in Cuba under US duress will weigh heavily on an economy that’s already starved for hard currency and fuel.
Mother Ventures is looking at moms as the ‘economic engine’
As families across the U.S. prepare to celebrate Mother’s Day this Sunday, Allison Stern is looking beyond the single day of appreciation. Stern just closed $10 million in commitments for her debut early-stage fund, Mother Ventures, which focuses exclusively on the mother as a consumer.
What to know about Russian assets income transfer to Kiev by Euroclear
Euroclear acknowledged that the likelihood of adverse legal decisions for the depository in Russia is "very high"
Fast Food Chains—McDonald’s, Taco Bell, Burger King—Win As Low-Income Diners Crack Under Rising Gas Prices
BreakingBusinessFast Food Chains—McDonald’s, Taco Bell, Burger King—Win As Low-Income Diners Crack Under Rising Gas PricesByAlicia Park,Reporter. I cover markets and tech.Follow AuthorMay 08, 2026, 01:41pm EDTMay 08, 2026, 01:43pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineEarnings from the first three months of 2026 show food businesses leaning on value menus and price cuts are gaining share as mid-tier brands...
Russian stock market ends week with declines in major indices
The yuan weakened by 2 kopecks to 10.92 rubles
US adds stronger-than-expected 115,000 jobs in April despite Iran war impact
US employers added a robust 115,000 jobs in April, surpassing expectations despite global economic uncertainty from the Iran conflict. The unemployment rate held steady at 4.3%. Healthcare and transportation sectors saw significant hiring, while manufacturing experienced job cuts. This resilient labor market suggests the Federal Reserve may hold off on interest rate cuts as inflation remains a concern.
Apollo, Blackstone Weigh $35 Billion Financing for Broadcom
Apollo Global Management Inc. and Blackstone Inc. are among private credit lenders involved in talks with chipmaker Broadcom Inc. over a roughly $35 billion financing, the latest indication that companies are mobilizing all sources of capital to fund the AI build-out.
Administration eyeing $400M settlement from TikTok for DC 'beautification': Sources
The administration is nearing a $400 million TikTok settlement over alleged children's privacy violations, which would fund D.C. "beautification" projects, sources say.
How India kept petrol prices steady amid the West Asia oil shock
How India kept petrol prices steady amid the West Asia oil shock