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How a $300m hack unleashed a $9b drain from world's top crypto lender
Dubai: A nearly $300 million hack targeting a little-known crypto project has cascaded into a broader crisis of confidence across digital-asset markets, triggering billions of dollars in withdrawals from one of the sector’s largest lending platforms and prompting an industry-backed rescue effort.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The exploit, which targeted infrastructure linked to Kelp DAO, resulted in the theft of a derivative form of Ether know...
Meet the Emirati inventor honoured by Sheikh Mohammed at 15, now building AI in the UAE
Dubai: At 15, Fatima Alkaabi was recognised by Sheikh Mohammed bin Rashid Al Maktoum as the UAE’s youngest Emirati inventor. Within a few years, she was invited to a majlis with Sheikh Mohamed bin Zayed Al Nahyan, where the conversation focused on her projects, her technical direction and what she planned to do next.Sign up for our daily business newsletter, Cheques & Balances.At 24, Alkaabi is now co-founder of AiEmirati, a platform working on how artificial intelligence understands Emirati cul...
Sun Pharma buys US-based Organon for $12 billion in biggest-ever overseas pharma deal
India's largest pharma company, Sun Pharma, has made its biggest overseas acquisition, buying Organon & Co for $11.8 billion. This deal significantly expands Sun Pharma's global presence and product range. It will double the company's revenue and EBITDA. The acquisition positions Sun Pharma as a major player in women's health and biosimilars. This strategic move strengthens Sun Pharma's position in the global pharmaceutical market.
Infosys slips out of top 10 valued companies in country
Bengaluru-headquartered Infosys has fallen out of India's top 10 most valued companies, now ranking 11th, while Tata Consultancy Services has dropped to sixth. These shifts have been attributed to artificial intelligence-driven disruptions impacting the business models of major Indian software exporters. The information technology sector saw significant sell-offs on Monday.
UK’s cheapest supermarket for branded groceries named
The supermarket was named the cheapest for branded groceries, securing the top spot for the second consecutive month
Sadiq Khan warns one million Londoners could lose their jobs to AI
Sadiq Khan warns one million Londoners could lose their jobs to AIBy CLAIRE ELLICOTT, WHITEHALL EDITOR FOR THE DAILY MAIL Published: 00:01, 28 April 2026 | Updated: 00:05, 28 April 2026 e-mail View comments
'I had £20,000 stolen and had to fight a 13-month fraud reporting rule to get it back'
'I had £20,000 stolen and had to fight a 13-month fraud reporting rule to get it back'Just nowShareSaveAdd as preferred on GoogleDan WhitworthRadio 4 Money Box reporterGetty ImagesSarah, not her real name, had £20,000 stolen in an investment fraud so sophisticated it was 17 months before she discovered it was a scam.Lloyds bank initially told her there was a 13-month time limit on reporting scams so it would only refund her £1,000. Within a day of BBC Radio 4's Money Box investiga...
Goldman Hikes Oil Forecasts Again as Hormuz Shock Builds
Daan Struyven, Goldman Sachs Co-Head of Global Commodities Research, joins Bloomberg Businessweek Daily to discuss his team's latest oil outlook. Struyven and his team upgraded Brent to $90/barrel by the fourth quarter, citing lower Persian Gulf production, and ongoing Strait of Hormuz disruption. They now assume a normalization in Gulf exports by the end of June (vs. a prior forecast of mid-May) and see a slower recovery for Gulf production. However, a global recession is not in the team's base...
UK has wealthy Europe’s ‘third-highest’ rate of young adults not in work or study
Resolution Foundation report says ‘crisis’ stems from rising ill-health and a failing system of benefits and job supportBritain has the third-highest rate of young people not in work or education among Europe’s richest countries because of rising ill-health and a failing system of benefits and job support, a report has warned.The Resolution Foundation thinktank said the UK was facing a “crisis” in youth jobs amid a dramatic rise in the number of 16- to 24-year-olds who are not in education, empl...
Shop price inflation falls on back of heavy discounting by retailers
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Study highlights ‘extraordinary consolidation of power’ in pensions market
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Post Office handles ‘record-breaking’ £39.8m cash transactions in first quarter
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Philippines: Diesel slashed by ₱12.94/L as DOE moves to cushion Filipinos from global oil shock
Manila: Philippine motorists are set to see one of the year’s biggest fuel price cuts after the Department of Energy announced a sharp rollback in diesel and kerosene prices effective today (Tuesday, April 28, 2026), even as global oil markets remain volatile due to tensions in the Middle East.Energy Secretary Sharon Garin said diesel prices will drop by ₱12.94 per litre,.Estimated pump prices ranging from ₱75.93 ($1.25) to ₱101.96 ($1.68) per litre depending on location. Kerosene prices will fa...
Vietnam Gas Major Looks to US as Iran War Reorders LPG Flows
PetroVietnam Gas JSC plans to import more liquefied petroleum gas from the US than its traditional Middle East suppliers next month, in the latest sign that the Iran war is reordering global energy flows.
Nvidia Sets New Record With Nearly $5.3 Trillion Value After AI Darling Surges 4%
BreakingBusinessNvidia Sets New Record With Nearly $5.3 Trillion Value After AI Darling Surges 4%ByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorApr 27, 2026, 05:29pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineNvidia recorded the highest ever market capitalization in the history of publicly traded companies Monday, reaching nearly $5.3 trillion after...
Paramount-Warner Bros. Discovery Will Be 38.5% Owned by Middle Eastern Funds Following Close: Filing
Paramount Skydance said the merged Paramount-Warner Bros. Discovery will be 49.5% owned by foreign investors, with about 38.5% of the equity in the new company held by a trio of Middle Eastern funds. In a filing Monday with the FCC, Paramount said Saudi Arabia’s Public Investment Fund will have a 15.1% equity stake; the United […]
The Stock Market’s 'Curious Exuberance' Despite the Iran War
On today’s Big Take podcast, Asia equities reporter Winnie Hsu and markets reporter Ruth Carson tell host Sarah Holder why global markets are looking past the Iran war — and why that could change. Listen wherever you get your podcasts. (Source: Bloomberg)
Shell snaps up Canadian rival in £12bn deal as it ramps up investment in fossil fuels: Biggest takeover by energy giant in 11 years
Shell snaps up Canadian rival in £12bn deal as it ramps up investment in fossil fuels: Biggest takeover by energy giant in 11 yearsBy HUGO DUNCAN, BUSINESS EDITOR Updated: 22:00, 27 April 2026 e-mail View comments
Oil hits a three-week high as peace talks between the US and Iran stall
Brent crude, which dropped back below $90 a barrel in mid-April on hopes of an end to the conflict in the Middle East, rose as high as $109.
Sotheby's US Private Sales Head on $130M Mnuchin Auction
Sotheby's Head of Private Sales Courtney Kremers discusses the sale of 'unique' art world figure Robert Mnuchin's $130 million collection, and the shift towards younger buyers in the marketplace. She talks with Romaine Bostick and Katie Greifled on "The Close." (Source: Bloomberg)