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What cost of living crisis? Project overhauling MPs' offices with glass-roofed atrium and new cafe goes £10MILLION over budget
What cost of living crisis? Project overhauling MPs' offices with glass-roofed atrium and new cafe goes £10MILLION over budgetBy JAMES TAPSFIELD, UK POLITICAL EDITOR Published: 13:47, 4 May 2026 | Updated: 13:47, 4 May 2026 e-mail View comments
Banks Kick Off Sale of Junk Bonds Backing BASF Coatings Deal
Banks have kicked off the sale of roughly €1.95 billion-equivalent ($2.28 billion) of junk bonds to help finance BASF SE’s auto paint and finishing division acquisition by Carlyle Group Inc. and partner Qatar Investment Authority.
Labor extends EV tax break to encourage cheaper vehicles amid soaring fuel prices
As the cost of the scheme blows out, the government has announced the full discount will be retained for another year, after which it will only apply to EVs costing less than $75,000Get our breaking news email, free app or daily news podcastLabor has opted to retain its electric vehicle discount in full for another year, as Australians rush to buy EVs amid soaring fuel costs linked to the Iran war.But the budget next Tuesday will include a number of “sensible changes” that wind back the scale of...
Bill Dudley Sees No Good Reason for Warsh to Cut Rates
Bill Dudley, former New York Fed President and Bloomberg Opinion columnist, explains the reasons he sees for the Federal Reserve to not cut interest rates at this time and discusses expected changes under Fed Chair nominee Kevin Warsh and Jerome Powell’s decision to continue to serve as a Fed governor when his term as chair expires. His opinions are his own. (Source: Bloomberg)
Sun TV Share Crash: 'विजय' की लहर से 10% तक टूटे इस कंपनी के शेयर, DMK से कनेक्शन
Sun TV Share Crash DMK
Make it in the Emirates 2026: LIFEPharma announces Dh700 million KEZAD manufacturing platform
LIFEPharma, the UAE’s only USFDA-approved pharmaceutical manufacturer and part of VPS Health, today unveiled a proposed Dh700 million advanced pharmaceutical manufacturing platform at Khalifa Economic Zones Abu Dhabi (KEZAD), following the signing of a strategic Memorandum of Understanding (MoU) with AD Ports, the parent company of KEZAD.The signing took place on Day one of Make it in the Emirates (MIITE) 2026 in the presence of Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of...
Cruise ship at centre of suspected hantavirus outbreak blocked from docking in Cape Verde
Officials say they will not authorise docking ‘to protect public health’ after deaths of three passengers on vesselWhat is hantavirus, the infection thought to have killed three on cruise ship?Officials in Cape Verde have said they will not allow a cruise ship believed to be harbouring an outbreak of a rare respiratory virus to dock in its ports, after the deaths of three passengers onboard.The statement on Monday came hours after global health officials said they were scrambling to investigate...
IHC rules buyers of luxury apartments at One Constitution Avenue have no ownership rights
ISLAMABAD: The Islamabad High Court (IHC) on Monday issued a detailed judgment in the One Constitution Avenue case, upholding the cancellation of the lease of the multi-billion-rupee project. It ruled that buyers of luxury apartments in the development do not have ownership rights and may instead pursue legal remedies against the builder for recovery of their investment. In a detailed judgment, IHC Chief Justice Sardar Muhammad Sarfraz Dogar dismissed a set of petitions filed by M/s BNP (Pvt) Li...
US Premarket Movers for May 4, 2026
S&P 500 Index futures fall 0.2% as of 7:50 a.m. in New York. The US denied a report by Iranian media that the country had struck an American naval vessel with missiles, according to a senior official.
GameStop makes $55.5bn takeover offer for eBay
Video game retailer’s CEO warns that unsolicited bid could turn hostile if it is rebuffed by resale site’s board US video games retailer GameStop has offered to buy eBay for $55.5bn (£41bn) in an unsolicited bid that its boss warned could turn hostile if the proposal is rebuffed by eBay’s board.GameStop, which has quietly accumulated a 5% stake in eBay, said it was willing to pay $125 a share, split 50-50 between cash and stock. Continue reading...
Govt shields fuel buyers, rules out relief for oil PSUs amid crude spike: Report
Govt shields fuel buyers rules out relief for oil PSUs amid crude spike Report
Montoya demands penalties for drivers disrespecting F1
Speaking on The Chequered Flag Podcast, former Formula 1 driver Juan Pablo Montoya calls for heavy penalties, including fines or race bans, for drivers who disrespect the sport and the championship's direction. Montoya's comments follow Red Bull's Max Verstappen's open criticism of the 2026 F1 regulations.
British Airways faces hefty compensation bill after refuelling mishap at London Heathrow causes flight cancellation
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Shipping bosses nervous over Trump plan to guide vessels from strait of Hormuz
US president gave no details on how operation would work as Iran says it will attack any armed force entering waterwayMiddle East crisis – live updatesThe US has launched an operation to “guide” ships trapped in the Gulf by the Iran war through a southern route of the Strait of Hormuz, even as Tehran insisted that any such transits would have to be coordinated with its armed forces.The scheme was announced as “Project Freedom” on Sunday night by Donald Trump on his social media page, where he po...
Pensioners can save £150 on energy bills in just 16 minutes amid Iran crisis
State pensioners could reduce their energy bills by £150 through a scheme linked to Pension Credit, with applications taking an average of 16 minutes to complete.The Warm Home Discount Scheme will reopen in October 2026, providing eligible households with a one-off discount applied directly to electricity bills.To qualify, pensioners must be receiving Pension Credit, a benefit from the Department for Work and Pensions (DWP) designed to boost incomes for those on lower earnings.Once applied, the...
US Stock Futures Dip on Reports of Increasing Mideast Tension
US stock futures saw volatile early Monday trading with news reports of Iranian missiles hitting a US Navy ship. While those reports cited IRGC-aligned Fars News Agency, a senior US official said that a ship was not hit by Iranian missiles, according to Axios, which helped futures erase some of the earlier losses.
Amex GBT Said to Near Sale to General Catalyst-, Alpha Wave-Backed Long Lake
A startup backed by General Catalyst Partners is in advanced talks to acquire Global Business Travel Group Inc., the travel platform spun out of American Express Co., according to people familiar with the matter.
UAE in talks with US for currency swap line to boost trade, minister says
[Editor's Note: Follow the Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.]The UAE is discussing a currency swap line with the US, its trade minister said on Monday. "We have this discussion and conversation with many, it's part of an elite group that the US is having this swap policy with. They are only having it with five countries," Thani Al Zeyoudi said at a conference in Abu Dhabi."Being part of that group means that tr...
UAE to unveil major domestic investment projects, says Al Zeyoudi
Abu Dhabi: The UAE is preparing to announce major domestic investment projects aimed at strengthening infrastructure, strategic sectors and public-private partnerships, Dr Thani Bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, said at the Make it in the Emirates summit in Abu Dhabi.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The comments signal that the next phase of the UAE’s resilience strategy will focus more heavily on investment inside the country...
UK food prices on track to rise by 50% since start of cost of living crisis
Beef and olive oil costs increase the most as climate and energy shocks drive inflation, research suggestsFood prices are on track to be 50% higher in November than at the start of the cost of living crisis in 2021, new research suggests.Climate and energy shocks have driven an almost quadrupling of the pace of food price growth, according to new research from the thinktank Energy and Climate Intelligence Unit (ECIU), with costs rising in five years at about the same rate as they had over the pr...