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ME crisis sparks significant supply shocks
Federal Minister for Finance Muhammad Aurangzeb participated in a meeting convened by the International Monetary Fund (IMF) managing director with finance ministers, central bank governors and heads of regional financial institutions from the Middle East, North Africa, Afghanistan and Pakistan (Menap) region on the sidelines of the World Bank-IMF Spring Meetings 2026. In his intervention, the finance minister characterised the ongoing crisis in the Middle East as one of the most significant sup...
Millions tap Trump tax cuts this filing season as refunds top $3,400
More than 53 million tax filers used at least one of President Donald Trump’s signature tax breaks this filing season, as the average refund climbed above $3,400, according to Treasury Department data released on Tax Day.The figures mark the first filing season since the Republican-backed "Working Families Tax Cuts" were passed in July 2025 and implemented by the IRS, with Trump administration officials touting broad uptake and increased tax relief.Wednesday is the deadline to file taxes for the...
BBC to cut almost one in 10 staff to make £500m savings
BBC to cut almost one in 10 staff to make £500m savings6 minutes agoShareSaveAdd as preferred on GooglePaul GlynnandIan Youngs,Culture reportersReutersThe BBC has announced it will cut between 1,800 and 2,000 jobs - or almost one in 10 - in an attempt to tackle "significant financial pressures".The broadcaster needs to make £500m savings over the next two years. Interim director general Rhodri Talfan Davies said the cutbacks would be "really difficult news" for staff and audi...
Bloomberg Surveillance 4/15/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Oil price shock loading: How India's strong economic fundamentals will cushion the blow
S&P Global in its latest report titled India's Strong Fundamentals Would Cushion The Blow Of An Oil Shock says India is equipped to handle some strain. The report assumes a base case scenario of oil prices at an average of $130 per barrel for 2026 and $100 in 2027.
Morgan Stanley CEO Says Q1 Was a Good Volatility Environment
Morgan Stanley CEO Ted Pick says he thinks there will be volatility going forward, but it might not be the high levels of “charged” volatility seen so far this year. He speaks with Lisa Abramowicz on "Bloomberg Open Interest." (Source: Bloomberg)
Hotels in US cities forced to slash World Cup prices because of lack of demand
Hotels in US cities forced to slash World Cup prices because of lack of demandSome hotels in US cities, such as Dallas, hosting World Cup games have cut prices by a third in the wake of lacklustre demand from fans deterred by high ticket costs for matchesMoneyGraham Hiscott Business and Consumer Editor16:35, 15 Apr 2026View 3 ImagesDallasis among the World Cup host cities where hoteliers have had to slash prices (Image: Art Wager)Hotels in the US have begun slashing prices for this summer’s Worl...
BOE’s Greene on Iran War Inflation, Rate Hike Expectations
Bank of England Monetary Policy Committee Member Megan Greene examines the potential inflationary impact of the Iran War for the UK and discusses rate hike expectations, supply shocks, and central bank independence. (Source: Bloomberg)
BBC to cut 2,000 jobs after ‘savage’ phone call with staff
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Morgan Stanley CEO Pick on Iran, Inflation Risk and Private Credit
Morgan Stanley CEO Ted Pick discusses his perspectives on current market conditions and financial sector developments, including his concerns about "imported" inflation from the war in Iran and the recent concerns about the private credit market. He speaks with Lisa Abramowicz on "Bloomberg Open Interest." (Source: Bloomberg)
Snap Inc blames AI as it lays off 1,000 workers
Cuts by Snapchat’s parent company come in response to a declining stock price and pressure from an activist investorSnapchat’s parent company plans to lay off 16% of its employees, around 1,000 people, citing “rapid advancements in artificial intelligence”, the social media company told staff on Wednesday in an internal memo. The staff reduction is part of a wave of tech industry layoffs in the past year, with many firms blaming AI for the cuts.Snap Inc’s layoffs follow demands last month from I...
Man, 21, rejected three times from binman job after nine-month unpaid internship
Man, 21, rejected three times from binman job after nine-month unpaid internshipBryan Rowe completed a nine-month unpaid internship with Southampton City Council but was rejected three times for a job as a binman — his mum slammed the decision as "cruel and unfair"NewsElizabeta Ranxburgaj16:21, 15 Apr 2026View 2 ImagesBryan Rowe was rejected from a binman job three times(Image: Family/Solent News)A young man said he was rejected for a binman job with the council three times despite com...
IMF advises Pakistan to phase out fuel subsidies, broaden tax base for medium-term sustainability
ISLAMABAD: Projecting Pakistan’s fiscal deficit at around 3.2 per cent of the gross domestic product (GDP) and a slightly declining primary surplus from 2.5pc, the International Monetary Fund (IMF) has advised phasing out fiscally draining fuel subsidies, addressing contingent liabilities and broadening the tax base for credible medium-term sustainability. In its twice-a-year Fiscal Monitor 2026, the IMF projected Pakistan’s revenue to have already peaked with a downward but stable outlook in th...
Cleveland Federal Reserve President: Interest rates on hold ‘for a good while’
The Cleveland Federal Reserve President on Wednesday predicted that interest rates may stay where they’re at for a “good while” as economists debate the best response to the impact of tariffs and the war in Iran. “My baseline is that we’re going to remain on hold for a good while, but I do think that…
K-Electric appoints Shaheryar Chishti as new board of directors chairman
K-Electric’s (KE) stated in a disclosure to the Pakistan Stock Exchange (PSX) on Wednesday that Shaheryar Chishti had been appointed as the new chairman of the power utility’s board of directors. “We are pleased to notify you that following the election of directors during the extraordinary general meeting held on April 2, 2026, the board of directors, in its meeting held on April 15, 2026, has appointed Shaheryar Chishty as the chairman of the board,” the disclosure, seen by Dawn, read. It add...
Russia doubles wheat exports to African country
Rising milling capacity in Sudan is boosting demand for grain, Agroexport has said Russian wheat shipments to Sudan have more than doubled, the Russian agriculture export agency Agroexport said on Tuesday. Exporters delivered about 1.7 million tons since the start of the 2025/26 season, compared to 0.7 million tons over the same period a year earlier. That volume has already exceeded the roughly 1.1 million tons shipped during the entire previous season. The increase is...
Bihar's New CM Samrat Choudhary: Controversies and Political Journey
Bihars New CM Samrat Choudhary Controversies and Political Journey
Big US banks rake in near-$50bn profit as Iran war shakes markets
Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earningsBusiness live – latest updatesBig US banks raked in nearly $50bn (£37bn) worth of profits in the first three months of the year, as they benefited from stock market turbulence triggered by the US-Israeli war on Iran.Wall Street’s largest lenders have reported a jump in first-quarter earnings, reflecting the surge in demand for trading services as investors dumped risky stocks and bonds and s...
Gina Rinehart has been forced to share her riches. But will she fight on or end the family feud?
A 15-year court battle costing millions of dollars ended in a partial defeat for the tycoon. Will she now bury the hatchet or double down and keep fighting her children and rivals?Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGina Rinehart does not like to lose.Engaged in bitter legal battles for most of the past 35 years, Australia’s richest person has shown her propensity to fight tooth and nail to retain control of her family’...
After 95% Drop, Brazil’s Worst Stock Is Ready for a Makeover
Hapvida has fallen a very long way. Shares of the healthcare provider are down 95% from their 2021 peak, wiping out more than $16 billion in market value. Over the last 12 months, it’s the worst-performing stock in Brazil’s benchmark equity index by far.