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Crypto giant Coinbase fires 700 people in brutal email as company company looks to AI
Coinbase chief executive Brian Armstrong shortly before 7am on Tuesday, May 5, shared a memo on social media telling staff the cuts were necessary as AI reshapes the industry
Oil prices jump as US-Iran tensions intensify; Brent crude stays beyond $100, WTI up 3%
Oil prices surged Friday as US-Iran tensions flared, reversing earlier declines. US strikes on Iranian targets prompted accusations of ceasefire violations, escalating fears over the vital Strait of Hormuz. This geopolitical volatility overshadows concerns about suspicious trading activity linked to policy announcements, impacting global energy supplies and inflation.
Gold buyers may get another price dip before rally resumes
Dubai: Gold buyers waiting for a better entry point may still get another chance, with the World Gold Council saying the metal looks vulnerable in the short term even though its long-term support remains intact. (Check latest UAE gold prices , alongside prices in , , , , , and .)Sign up for our daily business newsletter, Cheques & Balances.Gold closed April at $4,611 an ounce, almost unchanged for the month, after investors balanced strong exchange-traded fund...
ट्रंप का बड़ा दांव: ब्राजील के साथ ट्रेड डील की तैयारी, ईरान मुद्दे पर एकजुट हुए अमेरिका-EU
EU
Invalid, unauthorised by law: US court strikes down Trump's 10% global tariffs
Invalid unauthorised by law US court strikes down Trumps global tariffs
Amazon समर सेल शुरू, आधे से भी कम दाम में बहुत कुछ
Amazon
Billionaire Piramal’s Shadow Bank Plans $1 Billion Foreign Debt
Billionaire Ajay Piramal’s Indian shadow lender is looking to raise as much as $1 billion in foreign currency loans this year to meet strong demand for retail credit in the world’s fastest-growing major economy.
ADNOC Distribution announces strategic partnerships at 'Make it in the Emirates'
ABU DHABI: During its participation in 'Make it in the Emirates', ADNOC Distribution announced strategic partnerships with Emirates Global Aluminium (EGA) and Borouge valued at more than AED60 million, aimed at enhancing industrial performance and supporting local manufacturing.Through these partnerships, ADNOC Distribution will provide its partners access to a comprehensive portfolio of 520 products designed to meet diverse operational requirements, supported by a 96 percent In-Country Value (I...
Oil prices rise after US and Iran exchange fire in Hormuz strait
Oil prices rise after US and Iran exchange fire in Hormuz straitJust nowShareSaveAdd as preferred on GoogleOsmond ChiaBusiness reporterAnadolu via Getty ImagesOil prices rose on Friday morning trade in Asia after the US and Iran exchanged fire in the key Strait of Hormuz waterway.The US military said it intercepted what it called "unprovoked" Iranian attacks - including missiles, drones and small boats - and carried out self‑defence strikes as its ships were heading out of the Gulf thr...
Australia Moves to Toughen Pension Funds’ Performance Scorecard
The Australian government is moving to tighten an annual performance test for the nation’s A$4.5 trillion ($3.2 trillion) pension industry as concerns grow the current model may be steering investment away from some sectors.
More than half of Gen Z users renew and cancel streaming services just for one title: study
NewsWorldAmericasMore than half of Gen Z users renew and cancel streaming services just for one title: studyThe analysis by Dentsu and IGN Entertainment concluded that ‘platform loyalty is effectively dead’Mike Bedigan in New York Friday 08 May 2026 00:23 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":tru...
Teacher sacked from one of England's most outstanding state schools 'over relationship with teen boy'
Teacher sacked from one of England's most outstanding state schools 'over relationship with teen boy'Get your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By VIVEK CHAUDHARY, SENIOR REPORTER Published: 00:09, 8 May 2026 | Updated: 00:09, 8 May 2026 e-mail View comments
Shopping visits fall as Middle East conflict takes toll on consumer confidence
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Goldman Sachs Private Credit Fund’s Share of Bad Loans Rises
A publicly-traded private credit fund managed by Goldman Sachs Group Inc. put two additional companies on non-accrual status in the first quarter, as the industry grapples with mounting concerns over exposure to businesses vulnerable to AI-driven disruption.
Big setback for Trump: US court rules 10% global tariffs unlawful
A US federal trade court ruled against President Trump's 10% global tariffs, deeming them invalid and unauthorized by law. The court found the administration's justification under a 1974 trade law insufficient, a setback for a key trade policy. This decision offers stability to businesses reliant on global supply chains.
Texas Roadhouse Sales Hold as Diners Pick Cheaper Beef Cuts
Texas Roadhouse Inc. shares climbed after the restaurant operator posted in-line first‑quarter results and signaled that sales momentum would continue as diners adjusted to higher prices and commodity-cost inflation moderates slightly.
Nine in 10 employers say AI will reshape entry-level roles in three years
The Institute of Student Employers (ISE) surveyed 144 companies and found 87 per cent believe AI will soon change the nature of graduate and apprentice roles.
UAE Ministry of Investment, World Bank sign partnership framework
ABU DHABI: The UAE Ministry of Investment and the World Bank signed a partnership framework to strengthen the UAE’s investment climate and cement its status as a world-class hub for foreign direct investment.At the heart of the partnership is a shared commitment to ensuring the UAE’s investment environment remains predictable, transparent, and internationally competitive, and fully aligned with the country’s long-term ambitions.The partnership, which falls under the framework agreement signed be...
U.S. trade court rules against Trump's 10% tariffs
Politics U.S. trade court rules against Trump's 10% tariffs By Jacob Rosen, Jacob Rosen Justice Department Reporter Jake Rosen is a reporter covering the Department of Justice. He was previously a campaign digital reporter covering President Trump's 2024 campaign and also served as an associate producer for "Face the Nation with Margaret Brennan." Read Full Bio Jacob Rosen, Faris Tanyos Faris Tanyos News Editor Faris Tanyos is a news editor for CBSNews.com, where he writes and edits stories and...
Beyond Bank Runs: The OCC Warns Of A More Complex Financial Threat
MoneyBanking & InsuranceBeyond Bank Runs: The OCC Warns Of A More Complex Financial ThreatByMayra Rodriguez Valladares,Senior Contributor.Follow AuthorMay 07, 2026, 06:09pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Financial, technological, and operational risks are becoming inseparable.Getty ImagesThe Office of the Comptroller of the Currency’s latest risk assessment offers a striking message for the banking ind...