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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.
Yellen says ‘no alternative’ to dollar, urges US-China cooperation for sake of the world
A decoupling between China and the United States is something “that you don’t want to see”, says former US Treasury secretary Janet Yellen, adding that both countries have developed deep trade and investment relationships that should be preserved and encouraged to thrive. Speaking in Hong Kong at the HSBC Global Investment Summit on Wednesday, Yellen also argued that China’s reliance on exports for growth – resulting in a trade surplus with the rest of the world – has created “serious conflicts”...
WeWork CEO on the Flexible Work Boom
WeWork’s CEO John Santora joined Bloomberg Open Interest to break down the company’s comeback after bankruptcy, revealing how profitability, a hybrid real estate strategy, and the rise of flexible work are reshaping the office market. He explains why companies are permanently shifting toward flex space. (Source: Bloomberg)
Prosecutors make surprise visit to Federal Reserve construction site: Reports
Prosecutors from the Department of Justice (DOJ) visited the Federal Reserve’s headquarters on Tuesday as part of a probe into the central bank and its chair, Jerome Powell, according to multiple reports.  The New York Times reported that prosecutors Carlton Davis and Steven Vandervelden, along with investigator Matthew Fox-Moles, visited the Fed’s construction site but…
Cotton production dwindles for various reasons
As one of the leading cash crops of Pakistan, cotton, continues to suffer dwindling production, the academia has asked the farmers, private companies, government and academicians to join hands for collaborative steps to stave off the situation. In this regard the Department of Plant Breeding and Genetics at Sindh Agriculture University (SAU), Tandojam, organised a conference on Tuesday. The speakers ascribed to climate change, lag in the technological innovation in seed development, high input...
Major blow for Australia's richest woman after two rival mining dynasties won parts of a bitter legal stoush over Gina Rinehart's multi-billion dollar iron ore empire
Major blow for Australia's richest woman after two rival mining dynasties won parts of a bitter legal stoush over Gina Rinehart's multi-billion dollar iron ore empireA legal battle for mining magnate Gina Rinehart has endedHeirs of Wright Prospecting and DFD Rhodes too her to courtShe will be required to pay royalties, interest and costsBy AARON BUNCH FOR AUSTRALIAN ASSOCIATED PRESS Published: 15:51, 15 April 2026 | Updated: 15:51, 15 April 2026 e-mail View comments
Majority of America’s farmers say they can’t afford fertilizer in new survey
A new survey revealed that a majority of U.S. farmworkers say they cannot afford fertilizer due to rising costs caused by the U.S.-Israeli conflict in Iran. The survey released by the American Farm Bureau Federation (AFBF) on Tuesday shows that 70 percent say fertilizer is too expensive and has left them unable to purchase the…
Unhappy Verstappen ‘has to be listened to’ over new rules, says F1 chief Domenicali
Red Bull driver outspoken about regulation changes ‘In a meeting he was very keen to give suggestions’Formula One must listen to Max Verstappen’s grievances about the sport’s new regulations and their impact on racing, according to F1’s chief Stefano Domenicali as key players hold meetings to consider adjusting the rules for the remainder of the season.Verstappen has been outspoken in his dissatisfaction with the new formula and the key part energy management now plays in preventing being able t...
Kimmel, Colbert silent on Eric Swalwell scandal after platforming Democrat
Late-night shows "Jimmy Kimmel Live!" and "The Late Show with Stephen Colbert" did not bring up former Rep. Eric Swalwell's alleged sexual misconduct scandal during Monday and Tuesday's shows.Swalwell announced Monday he will officially resign from office after his sexual misconduct allegations triggered a surge of lawmakers calling for his expulsion over the weekend. He suspended his campaign for California governor on Sunday.Swalwell has used late-night interviews to announce some of his polit...
هزینه جنگ و محاصره بندرها برای شهروندان: دستکم ۳ هزار دلار خسارت به ازای هر ایرانی
بر اساس آمار رسمی، خسارت اقتصادی جنگ به ایران طی ۴۰ روز به ۲۷۰ میلیارد دلار رسیده است که معادل حدود ۳ هزار دلار به ازای هر نفر است، و انتظار میرود با تشدید اختلال در تجارت در پی محاصره بندرهای جنوبی ایران از سوی آمریکا، این زیانها افزایش یابد.
Bain Capital opens Abu Dhabi office to target regional capital and deals
Dubai: Bain Capital has opened an office in Abu Dhabi Global Market, expanding its presence in the Middle East and strengthening access to regional investors and deal opportunities.Sign up for our daily business newsletter, Cheques & Balances.The office will support capital raising from regional institutions, expansion of portfolio companies in the Gulf and assessment of future direct investments across sectors including aviation, healthcare, digital infrastructure and financial technology.Get u...
TCS के HR ने तोड़ी चुप्पी, कैसे कम हो गए 23000 कर्मचारी? जानिए असली वजह
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Chevron executive says ‘people should try to drive less’ amid Iran war
Chevron executive Andy Walz said that “people should try to drive less” to offset higher energy prices during the U.S. military operation in Iran. “People should drive less. They should try to conserve energy,” Walz told CBS News this week. “We should be doing that all the time,” he continued. “Energy’s essential for people’s lives,…
Getting the best out of distance learning
Distance learning has, in recent times, become an essential means of ensuring continuity in education. While it can never fully replicate the richness of face-to-face classroom experiences, it has demonstrated that meaningful learning can continue even in challenging circumstances when schools, students, and families work together with commitment and discipline.The effectiveness of distance learning depends not only on technology, but on how seriously it is approached at home. One of the most im...
India to lead in growth as war slows world economy
India to lead in growth as war slows world economy
UK homes with smart meter may qualify for 'free' energy weekends
UK homes with smart meter may qualify for 'free' energy weekendsSome homes could be eligible to help avoid wasting 'excess' solar or wind energyCommentsMoneyAndrew Nuttall U35 Lifestyle Writer15:21, 15 Apr 2026Updated 15:21, 15 Apr 2026View 2 ImagesSunny or windy weather could lead to an energy excess for the UK this summer(Image: Justin Paget via Getty Images)Some households could qualify for cheaper or even 'free' energy this year, provided they meet the criteria....
BBC to cut 2,000 jobs as they plan to cut costs over three years
BBC to cut 2,000 jobs as they plan to cut costs over three yearsThe BBC is reportedly set to cut 2,000 jobs as part of a major cost-cutting exercise across the broadcaster, with sources claiming that one in 10 jobs will be at riskCommentsTVDaniel Bird Assistant Celebrity and Entertainment Editor15:12, 15 Apr 2026Updated 15:24, 15 Apr 2026View Image(Image: Vuk Valcic/SOPA Images/Shutterstock)The BBC is to cut 2,000 jobs as it tries to reduce costs by 10% over the next three years, sources said. E...
BBC Layoffs to Impact 2,000 Jobs as Part of Major Cost-Cutting Plan
The BBC is to cut as many as 2,000 jobs, affecting 10% of its 21,500 employees, in what is being described as the biggest scaling back in 15 years. According to The Guardian, staff at the broadcaster were to be informed of the cuts on Wednesday afternoon in an all-staff meeting, with interim director general […]