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Credit Agricole: Corporates in ‘Wait-and-see’ Mode
The Credit Agricole CFO said the cost of risk is very controlled, but cited a ‘wait-and-see’ attitude from corporates in the first-quarter. That’s after Credit Agricole missed estimates on net income in the first quarter while a key metric of capital strength declined. Clotilde L’Angevin spoke exclusively to Bloomberg Television on the ‘Opening Trade’. (Source: Bloomberg)
Markets 'Recalibrating' to Energy Risks, Nuveen Says
Laura Cooper, global investment strategist at Nuveen, says markets are "recalibrating to the risk that we could see persistent energy prices come through." She adds that further pressure is expected in European earnings, as opposed to US earnings, which have surprised expectations. She speaks on Bloomberg Television. (Source: Bloomberg)
Kazakhstan Pivots Beyond Oil: $11bn investment drive, Gulf ties, renewable energy push
Nikolai Podguzov, Chairman, Eurosian Development BankWhat are your key priorities?We developed an ambitious strategy for 2022-2026. The strategy targets nearly $11 billion of investment, with a planned investment pipeline for 2026.We also see strong mutual investment interest between Central Asia and the Gulf. EDB should serve as a bridge to enable cross-regional investment and support diversification beyond oil and gas. Ultimately, as a development bank, our mission is sustainable growth.How do...
Russia Says UAE’s OPEC Exit Won’t Trigger Imminent Price War
The United Arab Emirates’ decision to leave OPEC won’t lead to an imminent price war since the Iran conflict has throttled producers’ ability to unleash supplies, Russian Deputy Prime Minister Alexander Novak said.
Opinion: Opinion | Can Saudi Arabia, Now Alone At The Top, Manage To Keep Oil Stable?
With the UAE's exit, Saudi Arabia will remain the only swing producer with sufficient spare capacity to exert market influence and respond to supply shocks. This will constrain the grouping's leveraging power.
Young: OPEC Exit is UAE Taking an Independent Stance
The UAE's decision to quit OPEC has been driven by its worsening rift with Saudi Arabia. Abu Dhabi is now also considering its membership of regional bodies, including the Arab League and the Organization of Islamic Cooperation, and is reassessing its role in the GCC. Karen Young, Senior Research Scholar in the Center on Global Energy Policy, Columbia University spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on the oil market reaction to this move. Original filen...
Dubai gold prices drop again, 24K now down Dh41 from April peak
Dubai: Gold prices in Dubai slipped again on Thursday morning, giving jewellery buyers and investors a lower entry point after a volatile April that saw rates climb to fresh highs before pulling back sharply in the final week. (Check latest UAE gold prices , alongside prices in , , , , , and .)Sign up for our daily business newsletter, Cheques & Balances.At 10.13 am, 24K gold stood at Dh547.25 per gram, down from Dh548.25 on Wednesday, while 22K gold fell to Dh...
Oil prices race to highest level since 2022 over fears of Iran war escalation
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The $13bn World Cup: how the numbers stack up on Fifa’s 2026 balance sheet
The earnings from the tournament in the US, Mexico and Canada will make it the most lucrative competition in the history of sport, even if some of the 48 competing countries say they are struggling to make ends meetA World Cup that Fifa’s president, Gianni Infantino, billed at the draw last December as “the greatest event that humanity has ever seen” will certainly be the most lucrative competition in sporting history.Fifa has spent the last few years upgrading its revenue projections, with the...
PCFC records over 9m vehicles entering ports and free zones in Q1 2026 - Emirates 24|7
PCFC records over 9m vehicles entering ports and free zones in Q1 2026 Emirates 24|7
Veteran mom turns $10 a day into a million-dollar chocolate business - Amazon Selling Partners
Veteran mom turns $10 a day into a million-dollar chocolate business Amazon Selling Partners
UAE launches digital bank account opening for tourists through Tourist Identity initiative - Emirates 24|7
UAE launches digital bank account opening for tourists through Tourist Identity initiative Emirates 24|7
How rising jet fuel prices are driving up the cost of fighting wildfires
The Iran war has nearly doubled jet fuel prices in the United States. That means the bill for firefighting aircraft operations this summer will likely rise by tens of millions of dollars.(Image credit: Justin Sullivan)
Oil Hits Wartime High on Report US Eyeing Iran Military Options | Daybreak Europe 04/30/2026
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, Brent crude rallied to a wartime high, spiking above $126 a barrel, after Axios reported that US President Donald Trump is being briefed on options for new military action in Iran. Nasdaq 100...
Iran War Splits Asia’s Diesel Market Into Haves and Have-Nots
The war in the Middle East has left Asian buyers grappling with a two-speed diesel economy, as poorer states face acute shortfalls, while wealthier nations with large refining industries enjoy sizable buffers.
Big EPFO update: Minimum pension may rise 7.5 times, ATM withdrawals soon
Big EPFO update Minimum pension may rise times ATM withdrawals soon
BNP Paribas CFO: Took Provisions Against Macro Uncertainty
The BNP Paribas CFO cited a ‘wait-and-see’ attitude from corporates in the first-quarter, and argued he took provisions against the macroeconomic uncertainties. That’s after France’s largest bank reported net income that beat estimates in the first quarter, driven by a strong performance in equities trading. The CFO Lars Machenil spoke exclusively to Bloomberg Television on the ‘Opening Trade’. (Source: Bloomberg)
UAE announces fuel prices: How much will a full tank cost in May 2026?
The UAE on Thursday, April 30, announced the fuel prices for the month of May 2026, with the Fuel Prices Monitoring Committee increasing the rates as the Middle East conflict continued.The UAE's Ministry of Energy-approved fuel prices are determined monthly based on the average global oil price, after adding distribution companies' operating costs. The new rates will apply from May 1 and are as follows:Stay up to date with the latest news. Follow KT on WhatsApp Channels.Depending on th...
EPFO Big Change: 7500 रुपये पेंशन... बंद पड़े PF खाते होंगे एक्टिव, जानें EPFO क्या-क्या बदलने वाला है?
EPFO Big Change PF EPFO
Oil price tops $120 a barrel after Trump warns Iran blockade could last ‘months’
Oil markets spooked as US president appears willing to maintain US Navy blockade and Iran keeps strait of Hormuz all but shut The price of Brent oil soared above $126 a barrel on Wednesday, its highest level since 2022, after Donald Trump warned the US blockade of Iranian ports could last months and peace talks remained stalled.Surging more than 13% in 24 hours, Brent crude hit a record price since the war began on 28 February. Not since Russia’s 2022 invasion of Ukraine has Brent topped $120, w...