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French cement maker convicted of financing terror groups to keep its Syria plant working
Lafarge fined more than €1m and its former boss jailed for paying nearly €5.6m to groups including Islamic State A French court has fined the cement group Lafarge more than €1m (£870,000) and sentenced its former boss to six years in prison for paying protection money to Islamic State and other terror groups to maintain its business in war-torn Syria from 2013 to 2014.The ruling follows a 2022 case in the United States in which the French firm pleaded guilty to conspiring to provide material sup...
Knife attack that killed 3 girls could have been prevented, U.K. inquiry finds
World U.K. knife attack that killed 3 girls in Taylor Swift-themed dance class could have been prevented, inquiry finds By Inaya Folarin Iman April 13, 2026 / 11:19 AM EDT / CBS News Add CBS News on Google London — Nearly two years after three young girls were stabbed to death in one of the most shocking acts of violence in recent British history, the head of a public inquiry into the attack said it "could have been, and should have been, prevented."Six-year-old Bebe King, 7-year-old...
Magyar says he wants to discuss energy agreements with Putin
The leader of Hungary’s Tisza party confirmed that, as the future prime minister, he wants to keep pragmatic relations with Russia as many other countries do
Trump’s Iran Port Blockade Rattles Hormuz Shipping as Oil Tops $100
Casablanca – Oil tankers began steering away from the Strait of Hormuz today after the US said it would start blockading vessels traveling to and from Iranian ports later in the day, following the collapse of weekend peace talks between Washington and Tehran. The move came after US President Donald Trump said in a Truth Social post on Sunday that the US Navy would enforce a blockade targeting ships entering and leaving Iranian ports, sharply escalating tensions around one of the world’s most im...
Citi Is a Top Bank Pick: McGratty
KBW Head of US Bank Research Chris McGratty breaks down Goldman Sachs’ mixed reaction despite strong earnings. He joins Bloomberg Open Interest to explain why big banks, especially Citi, are his top picks, and highlights key risks in today’s economy, including private credit and employment trends. (Source: Bloomberg)
Hedge Fund Seeks Removal of Directors at Canadian Lithium Firm
Waratah Capital Advisors Ltd. called for three directors to be removed at Lithium Ionic Corp. after Ontario’s securities regulator began enforcement proceedings against the individuals for their connection to another Canadian minerals explorer that allegedly defrauded investors.
Goldman Bond Trading Miss Outweighs Equity Record
Bloomberg Intelligence Financials Analyst, Neil Sipes discusses Goldman Sachs' earnings out before the bell Monday. Goldman Sachs Group Inc. shares fell after the bank reported a surprise drop in bond-trading revenue, casting a shadow over what was another record quarter from the firm’s equities team. Fixed-income, currency and commodities revenue was $4.01 billion for the first quarter, according to a statement Monday. That was more than $800 million below the consensus of analyst estimates c...
Stocks bleed on US-Iran peace talks failure
In a subdued trading environment, the Pakistan Stock Exchange (PSX) plunged on Monday as heavy selling dragged the benchmark KSE-100 index down by 6,600 points. The market came under intense selling pressure after an Islamabad-brokered peace initiative for the United States and Iran unravelled. The breakdown in talks triggered a sharp surge in global oil prices, with crude benchmarks jumping over 7% to exceed $100 per barrel, following Trump's announcement of a blockade on maritime traffic...
Fitch keeps Pakistan's rating at 'B-'
Fitch on Monday kept Pakistan's highly speculative credit rating of B negative unchanged against hopes for an upgrade and said that Islamabad's role as a "ceasefire broker" will partly offset external account pressures despite $3.5 billion bilateral debt repayments this month. The rating agency first said that Pakistan has "repaid" $3.5 billion to the United Arab Emirates (UAE) but then rectified its statement and said that a "$3.5 billion deposit will be repaid...
Salaried class pays Rs420b tax
Pakistan's struggling salaried class paid Rs420 billion in income tax in just nine months of this fiscal year, while the real estate sector contributed Rs197 billion despite overall sluggish activity during the past two years, according to provisional data compiled by the Federal Board of Revenue (FBR). The salaried class's economic hardships have heightened, as on one hand it is forced to cough up higher taxes, and on the other it is facing the brunt of an increase in petrol prices and...
Oil relief shattered by Hormuz threat
A renewed surge in global oil prices following the end of Islamabad-mediated talks between Washington and Tehran has wiped out a brief sense of relief, exposing Pakistan and other import-dependent economies to another round of inflationary pressure. Crude prices climbed back above $100 per barrel on Monday, after US President Donald Trump signalled plans to block the Strait of Hormuz, a move widely seen as a pressure tactic after negotiations failed to produce a breakthrough. The spike comes ju...
Russia’s Oil Output Stable in March After Three Months of Drops
Russia’s crude output was virtually flat in March after three consecutive months of declines, as Ukraine’s attacks on its foe’s oil infrastructure continued to hamper seaborne exports and crude processing.
Record-Low Inflation Cushions Emerging Markets’ Oil Shock
Inflation has sunk to a record low in emerging markets even as it accelerates in advanced economies, signaling developing countries are better placed to respond to higher energy prices and could see a rebound in their bonds.
Finance Minister holds meetings with World Bank’s MD operations, Vice-President
WASHINGTON: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, commenced his engagements at the World Bank-IMF Spring Meetings 2026 today with a productive meeting with Ms. Anna Bjerde, Managing Director (Operations), World Bank Group in Washington, D.C.. The Finance Minister appreciated the World Bank Group’s longstanding support to Pakistan’s reform and development agenda. The two sides discussed Pakistan’s economic outlook, including the management of first and second-order...
Strategy Funds Entire $1 Billion Bitcoin Buy With Hybrid Securities
For the first time since launching its high-yield securities in July, Michael Saylor’s Strategy Inc. funded its latest $1 billion weekly Bitcoin purchase entirely through the sale of its “Stretch” perpetual preferred shares.
What are today's mortgage interest rates: April 13, 2026?
MoneyWatch: Managing Your Money What are today's mortgage interest rates: April 13, 2026? 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, where she writes and...
Maisy Ho remembered as dedicated philanthropist and community servant
Heartfelt tributes continued to be paid to Maisy Ho Chiu-ha, remembered as a dedicated philanthropist, after the daughter of late Hong Kong and Macau tycoon Stanley Ho Hung-sun died on Sunday, having led a notably private life. On Monday, official statements and tributes poured in from government officials and associations to mourn the loss of Maisy Ho, who had devoted herself to serving the community. Maisy Ho was one of 17 children of “king of gambling” Stanley Ho, and one of five siblings...
From patio furniture to lawn equipment: Save up to 72% on outdoor deals
Ready to get outside this spring? These outdoor deals help you upgrade your backyard or patio space for less. Save on grills, patio furniture, garden essentials and more, including over $300 off a grill and griddle combo and 72% off a three-person modular outdoor furniture set. You can even grab a smart bird feeder at 40% off.Prepare for grilling season with these deals on gas models, smokers and camping stoves.Coleman Triton 2-burner propane stove: $95.99 (26% off)Royal Gourmet offset smoker: $...
Brazil Deposit Guarantor Holds Off on BRB Loan Amid Banco Master Risk
Brazil’s deposit insurance fund FGC is refusing to extend a loan to Banco de Brasilia SA, the lender facing financial strain due to its ties to Banco Master SA, until BRB can quantify its losses and specify how much capital it needs to survive.
Emerging Market Currencies Pare Drop as Oil Prices Retreat
Emerging-market currencies pared earlier losses on Monday as oil prices retreated, easing some of the risk-off pressure across EM assets as the deadline passed for the US blockade of the Strait of Hormuz to come into effect.