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Egypt Launches $27 Billion ‘The Spine’ Megaproject to Redefine Cairo’s Urban Future
Tetouan – Egypt has unveiled an ambitious urban development east of Cairo, positioning it as a cornerstone project to drive economic growth and reshape the country’s urban landscape. Announced during an official ceremony attended by Prime Minister Mostafa Madbouly in the New Administrative Capital, the project, named “The Spine”, represents an investment of approximately $27 billion. It is being developed in partnership between Talaat Moustafa Group and the National Bank of Egypt, reinforcing C...
'This will be my wedding gift': UP groom swaps mandap for morcha over power bill
A groom in Banda, facing a pre-wedding power cut, led his baraat to the district magistrate's office demanding a bill waiver. Kuldeep cited a doubled bill after a smart meter installation, making payment difficult. Officials assured a resolution, prompting the groom to proceed with his wedding, with an inquiry ordered into the disconnection.
Inside the $21T ETF Industry, Apollo's Role in 'PRIV | ETF IQ 4/20/2026
"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Baron Capital Co-President & Portfolio Manager Michael Baron and Apollo Management Partner Andrew Gosden. (Source: Bloomberg)
Junk-Rated LA Children’s Hospital to Borrow for Working Capital
The Children’s Hospital Los Angeles is planning to sell $187.5 million of federally taxable municipal revenue bonds as it contends with financial pressure tied to federal and state cuts to California’s Medicaid program.
House GOP's campaign arm raises record $47 million in first 3 months of 2026
House Republicans' campaign arm brought in a record-breaking $47.1 million fundraising haul to start the 2026 midterm cycle, the committee chairman told CBS News in an interview. CBS News' Fin Gómez has more.
Supply chains breaking: The hidden bottlenecks threatening to bring the global economy to a standstill
The oil price is just the tip of the iceberg that could cause major problems across the globe The surge in oil prices in light of the war on Iran has grabbed most of the headlines. For many observers, the severity of the crisis is measurable in the daily changes in the Brent ticker. Some analysts have also begun pointing to emerging stress in fertilizer markets. But beneath these familiar markers, several less visible – and in some cases more systemic – signals...
Even Big Profits Yield Small Stock Pops in Market Fixated on War
One week into the latest quarterly earnings season, even companies that are clearing Wall Street’s already high bar are seeing little in the way of stock-price jumps — another testament to how much the market is hanging on the US-Iran war.
Over $71bn needed over next decade to rebuild Gaza: UN, EU
More than $71 billion will be needed over the next decade for recovery and reconstruction in war-ravaged Gaza, according to a European Union and United Nations assessment published on Monday. In their final Gaza Rapid Damage and Needs Assessment (RDNA), the United Nations and the European Union said that more than two years of war in the Palestinian territory “has led to unprecedented loss of life and a catastrophic humanitarian crisis”. “Recovery and reconstruction needs are estimated at around...
Mulberry returns to sales growth as turnaround accelerates
BusinessInternationalMulberry returns to sales growth as turnaround acceleratesBy Reuters -Apr 20, 2026British luxury handbag maker Mulberry reported a return to annual sales growth on Monday as its turnaround gathered pace despite weakening consumer spending facing the wider retail sector, sending its shares up nearly 8%. The company posted full-year revenue growth of 5.7% on a constant currency basis for the year ended March 28, driven by double-digit growth across all markets in the secon...
Trump kicks off $166billion tariffs refund process for American companies… but there's a catch
Trump kicks off $166billion tariffs refund process for American companies… but there's a catchPolitics is fast. We're faster. Sign up to the DC Insider newsletter for a front-row seat to Washington... and unlock 3 FREE months of DailyMail+ HEREBy ELINA SHIRAZI, US SENIOR POLITICAL REPORTER Published: 17:59, 20 April 2026 | Updated: 18:39, 20 April 2026 e-mail 340 View comments
Direct Lending Fundraising Hits Three-Year Low in First Quarter
Direct-lending strategy funds raised a total of about $10.7 billion in funds completed during the first quarter, the lowest quarterly amount recorded in the past three years, according to data compiled by With Intelligence, an alternative investment research provider owned by S&P Global.
Hormuz Crisis’ Spread to Bab al-Mandab, Strait of Malacca Would Wipe Out the World Economy
The three strategic chokepoints are “critical passageways where a lot of trade, a lot of energy flows take place,” and prolonged closure would have a “huge impact in terms of energy prices…GDP growth, employment,” and could trigger a global recession or depression, says financial analyst Syed Javed Hassan.
Nat Barr unloads on Jacinta Allan as Victoria hurtles towards $200bn debt: 'Can you afford this?'
Jacinta Allan tried to dodge questions about budget crisis READ MORE: Jacinta Allan rocked by mass resignations months before electionBy KYLIE STEVENS, SENIOR BREAKING NEWS REPORTER, AUSTRALIA Published: 00:49, 20 April 2026 | Updated: 18:28, 20 April 2026 e-mail 47 View comments
Live Nation settles DC lawsuit for $9.9M
Live Nation, the parent company of Ticketmaster, has agreed to pay $9.9 million to settle a lawsuit with the District of Columbia over deceptive ticket pricing practices, D.C. Attorney General Brian Schwalb announced Monday. The settlement follows an investigation by the Office of the Attorney General (OAG) into allegations that Live Nation mislead customers about…
Tariff refund portal off to bumpy start as some businesses report glitches
MoneyWatch Tariff refund portal off to bumpy start as some businesses report glitches .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo Updated on...
US spending on ‘reckless’ Iran war could have saved 87m lives, says UN
Head of UN’s humanitarian agency frustrated $2bn a week cost of conflict comes amid dramtic cuts to aid budgetThe $2bn (£1.5bn) a week that Donald Trump was spending on his reckless war in Iran could have funded saving more than 87 million lives, the head of the UN’s humanitarian agency, Tom Fletcher, said on Monday.He also warned the normalisation of violent language, such as threatening to bomb Iran back to the stone ages, was very dangerous since it encourages every wannabe autocrat to use si...
How to shorten the hiring process (and still find qualified employees)
Sponsored MoneyWatch: Managing Your Money How to shorten the hiring process (and still find qualified employees) We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com...
Dollar and Other Currency Rates Today in Pakistan – April 20, 2026
BusinessMust ReadDollar and Other Currency Rates Today in Pakistan – April 20, 2026By Web Desk-Apr 20, 2026KARACHI: The State Bank of Pakistan (SBP) has released its official M2M currency rates for Sunday, April 20, 2026. The rates below reflect the ready (spot) interbank buying and selling benchmarks and serve as the primary reference for banks, businesses, and remittance channels operating in Pakistan. Here is a detailed breakdown of the dollar rate in Pakistan today, alongside all major inter...
Trump kicks off $166B tariffs refund process for American companies… but there's a catch
Trump kicks off $166B tariffs refund process for American companies… but there's a catchBy ELINA SHIRAZI, US SENIOR POLITICAL REPORTER Published: 17:59, 20 April 2026 | Updated: 18:06, 20 April 2026 e-mail View comments
UK regulator proposes allowing Heathrow Airport to recoup $433 million in expansion costs
InternationalUK regulator proposes allowing Heathrow Airport to recoup $433 million in expansion costsBy Reuters -Apr 20, 2026UK’s aviation regulator on Monday proposed allowing Heathrow Airport to recover up to 320 million pounds ($433 million) in early costs related to expansion work, as the UK’s biggest airport pushes forward with plans to add capacity. The proposal comes as UK seeks to boost aviation infrastructure and address long-standing capacity constraints at Europe’s busiest airpor...