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Jockey Club invested HK$1 billion into basketball betting, will use it for football now

Hong Kong’s sole legal betting operator had earmarked HK$1 billion (US$127.7 million) and hired 180 people to develop a basketball wagering system, but will now take a financial hit after the government announced this week it was halting plans for its roll-out, a source has said. The source close to the Hong Kong Jockey Club told the South China Morning Post on Wednesday that it had already invested HK$400 million for preparatory work, including setting up a dedicated basketball betting system,....

BofA Equity Traders Post Record Quarter on Market Volatility

Bank of America Corp.’s traders notched the highest quarterly revenue in more than a decade, as revenue from equity trading climbed 30% to $2.8 billion in the first quarter. Fixed-income trading fell short of a consensus of analyst estimates. Dani Burger reports on Bloomberg Television (Source: Bloomberg)

‘Meaningful relief for borrowers’ as banks prepare to cut mortgage rates

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Trump dismisses gas price concerns saying he’s happy oil is ‘only’ at $92 a barrel after spike from Iran war

NewsWorldAmericasUS politicsTrump dismisses gas price concerns saying he’s happy oil is ‘only’ at $92 a barrel after spike from Iran warGas prices remain at highest levels in years amid ongoing war with IranAndrew Feinberg in Washington, D.C. Wednesday 15 April 2026 12:15 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"...

PNC Reports $7 Billion of Exposure to Private-Credit Providers

PNC Financial Services Group Inc. said its exposure to private-credit firms stood at $7 billion, joining other big banks in shedding more light on such loans as investors fear possible spillovers from stress in the space into banks.

Franco Manca to shut 16 restaurants in restructuring with 225 jobs at risk

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China’s foreign trade posts strongest start in five years

China’s foreign trade surged to a record high in the first quarter of 2026, signalling renewed momentum in the world’s second-largest economy despite a turbulent global backdrop marked by geopolitical tensions and slowing demand. Official data released by the General Administration of Customs (GAC) showed that total imports and exports reached 11.84 trillion yuan ($1.63 trillion) in the January-March period, marking a 15% year-on-year increase. This is the first time China’s f...

Govt apologises for excessive loadshedding, blames it on reduced hydropower availability

ISLAMABAD: The government on Wednesday apologised to power consumers for higher than promised “load management” arising out of lower water availability for power generation. In a statement, the Power Division said it was “apologising for the additional load management necessitated by reduced hydropower availability”. A spokesman for the Power Division also urged consumers to conserve electricity, particularly during nighttime hours, and to adopt energy-saving prac...

Morocco Fuel Market Shows No Anti-Competitive Behavior as Pump Prices Rise

Casablanca – Morocco’s Competition Council said it found no anti-competitive behavior in the national fuel market, even as pump prices continued to rise through late March and early April in line with international trends. In a new note covering the period from March 16 to April 1, the council said no signs of collusion were identified in the diesel and gasoline market. Still, it once again pointed to the tendency of operators to revise prices on the same dates and by similar amounts, saying thi...

HSBC Turns Bullish on Hungary’s Stocks After ‘Game-Changer’ Vote

Hungary’s stocks can extend their rally as a landslide opposition victory marks a “game-changer” that could sharply compress risk premiums and unlock a long-awaited re-rating, according to strategists at HSBC Holdings Plc.

Your favorite fast food app is playing mind games and charging you for the privilege

Fast food junkies. You didn’t suddenly get hungrier. You just got charged more.Somewhere between tapping your phone and hearing that familiar "order complete" chime, your $8 fast food meal quietly ballooned into $20 or more. And no, it’s not just inflation, it’s something far more calculated by the fast-food giants.Welcome to the age of fee stacking. Yes. Just like Ticketmaster.Let’s start with the latest and most egregious offender the "small order fee." Sounds harmless, right? Almost reasonabl...

A decade of work, and wages barely doubled

A decade of work and wages barely doubled

خلف وعده دولت و فشار مضاعف بر شهروندان؛ بانک‌ها جریمه دیرکرد اقساط می‌گیرند

با وجود وعده دولت و بانک مرکزی جمهوری اسلامی مبنی بر تعویق اقساط بانکی و حذف جریمه دیرکرد در شرایط جنگی، گزارش‌ها حاکی از آن است که بانک‌ها همچنان جریمه‌ها را از شهروندان مطالبه می‌کنند.

First time in 7 yrs! India gets 4m barrels of crude from Iran just ahead of Trump waiver expiry

The very large crude carrier Jaya, fully loaded with Iranian oil, is currently unloading its cargo at Paradip on India’s eastern coast. India is looking to quickly secure supplies ahead of a deadline set by the Donald Trump administration that expires over the weekend.

Hedge Fund Leverage Powered by a Few Key Banks Sparks Concerns

The growing dominance of a handful of banks supplying billions of dollars to help juice bets at hedge funds and proprietary trading firms is sparking new financial stability risks, ratings agency S&P Global Inc. warned.

Russian navy ship spotted near British coast 'is trying to prevent UK special forces seizing Moscow-linked oil tankers'

Russian navy ship spotted near British coast 'is trying to prevent UK special forces seizing Moscow-linked oil tankers'Get your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By ELIZABETH HAIGH, SENIOR NEWS REPORTER Published: 11:46, 15 April 2026 | Updated: 11:48, 15 April 2026 e-mail View comments

UK’s largest housebuilder to buy less land, in blow to Labour’s homes target

Barratt Redrow blames effects of Iran war, and likely impact on mortgage rates and costs, for further reductionBritain’s largest housebuilder is planning to dramatically cut back on buying new land, blaming the impact of the conflict in the Middle East and putting Labour’s ambitious housebuilding target under more pressure.Barratt Redrow said that it intends to approve between 7,000 and 9,000 plots of land for purchase in its current financial year, far lower than previous guidance of between 10...

New UAE tax law changes come into effect, fines slashed

New provisions on administrative penalties imposed for violations of tax laws in the UAE have come into effect.The Federal Tax Authority (FTA) announced that Cabinet Decision No. 129 of 2025 amending certain provisions of Cabinet Decision No. 40 of 2017 had entered into force on April 14. The decision aims to support taxable persons, ease the burden on them, and assist them in meeting their obligations and regularising their positions where any tax errors or violations exist.UAE tightens tax pro...

Will monsoon worries and inflation pressure derail market momentum?

Will monsoon worries and inflation pressure derail market momentum

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