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How Kolkata Knight Riders’ Dh10 million Green investment backfired
Kolkata Knight Riders must have bet on a Green future when they invested Rs252 million (approx Dh10 million) to buy 26-year-old Cameron Green in what turned out to be the most expensive purchase of this season’s Indian Premier League (IPL).Instead, the Shah Rukh Khan co-owned side find themselves massively shortchanged, with the Australian all-rounder lasting a mere 14 balls in the three matches he has batted so far in scoring 24 runs and not bowling a single ball.For the record, Kolkata have l...
Kentucky bourbon in crisis as distillers cut production but bet billions on future
NewsWorldAmericasKentucky bourbon in crisis as distillers cut production but bet billions on futureTariffs and inflation have driven up input costs and dampened overseas demand, with potential fallout from the Iran war threatening to further increase energy expensesEmma Rumney & Nicholas P. BrownTuesday 07 April 2026 11:30 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookma...
How Bill Phillips used flowing water to model the economy
Bill Phillips was an outsider to economics, but he used a machine and a chart to change the way we think about the government's role in a capitalist economy.(Image credit: Julian Frost for Planet Money: A Guide To The Economic Forces That Shape Your Life )
Physical oil prices hit record highs near $150 a barrel as Hormuz crisis worsens
European and Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting the worsening supply crisis from the U.S.-Israel war with Iran. The Iran war has forced the shutdown of at least 12 million barrels per day – about 12% of world supply – from the Middle East due to Iran’s effective closure of the Strait of Hormuz. As a result, Brent oil futures reached $119.50 a barrel last month, th...
Trade unions tell Ed Miliband to allow more North Sea oil and gas drilling or see Labour 'pay the price' at May's local elections for 'act of self-harm'
Trade unions tell Ed Miliband to allow more North Sea oil and gas drilling or see Labour 'pay the price' at May's local elections for 'act of self-harm'By GREG HEFFER, POLITICAL CORRESPONDENT Published: 11:27, 7 April 2026 | Updated: 11:27, 7 April 2026 e-mail View comments
Singapore set to be hit by global energy crisis as it unveils countermeasures
Singapore’s economy will inevitably be hit by the global energy crunch even though it is in a better position to deal with the crisis compared with its neighbours, according to analysts, as the city state unveiled a raft of measures to help households and businesses. The conflict in the Middle East has roiled supply chains and sent fuel prices soaring in Southeast Asia, with governments scrambling to enforce measures such as fuel caps and work-from-home mandates. Singapore ministers in...
UAE Dirham to Pakistani Rupee Rate Today – April 7, 2026
Dubai / Karachi, April 7, 2026 – The UAE Dirham (AED) is trading at 76.06 Pakistani Rupees in the open market today, holding steady with minimal movement from recent levels. The pair remains firmly within the narrow 76.00–76.50 PKR range that has defined trading for the past several months, offering the kind of predictability that Pakistani expatriates and their families have come to rely on. The Dirham’s reliable performance stems from its fixed peg to the US Dollar at 3.6725 AED per USD — a po...
Air India CEO steps down early as losses mount
Air India CEO steps down early as losses mount25 minutes agoShareSaveAdd as preferred on GoogleAbhishek DeyGetty ImagesWilson, a former Singapore Airlines executive, was brought in to lead a turnaround after Tata Group bought Air India from the Indian government in 2022Air India's chief executive officer Campbell Wilson has resigned as the airline deals with challenges, including financial losses and the aftermath of a deadly crash last year that killed 260 people.Wilson, whose term was se...
Man Utd handed timely £35m boost to kickstart ambitious summer transfer plans
Man Utd handed timely £35m boost to kickstart ambitious summer transfer plansManchester United have plans to overhaul their midfield this summer and Juventus are understood to be eyeing up Manuel Ugarte, who has fallen out of favour at Old TraffordCommentsSportDaniel Marsh Senior Sports Reporter11:09, 07 Apr 2026View 3 ImagesManuel Ugarte looks likely to leave Manchester United in the summer(Image: James Gill - Danehouse/Getty Images)Manchester United are ready to part ways with Manuel Ugarte th...
Interest rates on plan 2 and 3 student loans to be capped at 6%
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Traders reject early market closure policy
ISLAMABAD: The President of the All Pakistan Anjuman-e-Tajiran (APAT), Ajmal Baloch, has strongly opposed the government’s decision to enforce early market closures, stating that traders across the country will not shut shops before 10pm, ARY News reported. Baloch urged Prime Minister Shehbaz Sharif to review the decision to close markets early, warning that the move would create serious difficulties for the business community in Pakistan. He emphasized that shutting shops at 8pm was “unacceptab...
Saudi Riyal to Pakistani Rupee Rate Today – April 7, 2026
KARACHI, April 7, 2026: The Saudi Riyal (SAR) is trading at Rs74.42 against the Pakistani Rupee (PKR) in today’s open market, according to leading currency dealers in Karachi. The selling rate remains around Rs74.99. he pair continues to stay firmly locked in the same exceptionally narrow, low-volatility channel it entered in early January 2026 — now stretching well beyond twelve weeks of remarkably flat price action. Today’s unchanged level keeps the rate significantly below the 2025 mid-year h...
Beyond Russian oil, China also increases appetite for Ukrainian wheat flour
China is expanding its agricultural trade with Ukraine with further opening of its wheat flour market, a move that underscores its pragmatism and balanced diplomacy as it also increases energy imports from Russia. On Monday, China’s ambassador to Ukraine, Ma Shengkun, signed a protocol with Ukrainian officials regarding inspection, quarantine and sanitary requirements for the export of Ukrainian wheat flour to China, the embassy in Kyiv said in a social media post . The agreement would broaden.....
Deutsche Bank’s Distressed Desk Doubles Profit Gain With Software Short Bets
Deutsche Bank AG’s US distressed products group more than doubled its net profits in the first quarter, partly driven by shorting a basket of software companies debts, according to people familiar with the matter.
Beer cans, helium balloons and mortgages: An unexpected mix of things affected by the war
Economy Beer cans, helium balloons and mortgages: An unexpected mix of things affected by the war April 7, 20266:00 AM ET By NPR Staff Loading... The Iran war has been catastrophic for global oil and gas supplies, sending prices soaring. Drivers are paying a steep price at the pump every time they fuel up. Now, a host of other unexpected shortages and price spikes are starting to pop up, which stand to affect people's lives and pocket books. In South Korea, the president urged citizens to...
UK services industry hit by Iran war as ‘stagflation’ risks increase
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UK new car market posts strongest March since 2019
Britain’s market for new cars posted its strongest March since 2019, but the outlook looks cloudy as most of the sales reflected orders placed before the Iran war began and mask growing concern about consumer confidence and affordability. Total car registrations rose 6.6% year-on-year to 380,627 units in March, the Society of Motor Manufacturers and Traders (SMMT) said. “The headlines belie the costs incurred and the challenges involved,” SMMT Chief Mike Hawes said in a stat...
Interest rates on student loans to be capped after mass anger over repayments
Interest rates on student loans to be capped after mass anger over repaymentsThis is a breaking news story. Follow us on Google News, Flipboard, Apple News, Twitter, Facebook or visit The Mirror homepage.Young adults in graduation gowns joyfully tossing caps into the sky, celebrating achievement and new beginnings against a clear backdropByLevi WinchesterMoney Editor10:36, 7 Apr 2026Updated10:57, 7 Apr 2026|commentsInterest rates on plan 2 and 3 student loans will be capped following widespread...
Emerging Markets Extend Rebound as Traders Weigh Ceasefire Odds
Emerging-market stocks and currencies extended gains for a third day, as traders pinned hopes on the possibility of a ceasefire in the Middle East and awaited the expiry of President Donald Trump’s deadline for Iran to agree a peace deal.
UAE airline Etihad extends no-change fees until March 2027 as regional conflict persists
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]Etihad Airways announced it will not charge changes for flight tickets issued on or after March 6, 2026, and applies from that date until March 31, 2027, as the regional conflict drags on. This comes as several UAE carriers are operating on a decreased flight schedule, with some flights getting affected or outright cancelled.The UAE’s national carrier noted that no-show and ref...