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What's happening to the UK economy and how does it affect you?
What's happening to the UK economy and how does it affect you?2 hours agoShareSaveAdd as preferred on GoogleGetty ImagesPoliticians often talk about the importance of economic growth. It matters because it affects things like pay increases for workers and the amount of tax the government raises to pay for services.However, many analysts are concerned that the UK economy is not growing fast enough, and are worried about the negative impact of the US-Israeli war with Iran. What is GDP and why...
UAE tightens AML rules, banks face stricter checks
Dubai: The Central Bank of the UAE has rolled out a fresh set of anti-money laundering and counter-terror financing guidelines, tightening expectations for banks and money transfer operators. Sign up for our daily business newsletter, Cheques & Balances.The update sets out clearer supervisory expectations across customer verification, trade finance monitoring and correspondent banking, with a stronger focus on identifying risks linked to proliferation financing and cross-border transactions.Get...
The Rise of the Sugar Mommy Economy
What a shift in the dating preferences of younger men reveals about our changing norms.
Euro-Zone Inflation Was Quicker Than Thought in March at 2.6%
Euro-zone inflation was faster than initially reported in March, suggesting stronger upward pressure on prices from the Iran war.
Bye-bye, US? Why China’s trade with Africa benefits from Trump’s policy volatility
Africa was China’s fastest growing export market in the first quarter of 2026, up 32.1 per cent year on year to US$60.66 billion, according to customs data, reflecting a continuing shift away from American trade. The growth outpaced other regions of the world, driven by high-value shipments such as machinery and vehicles as well as hi-tech equipment, including solar and battery technology. It continued a trend of Chinese manufacturers turning to the continent to offload excess capacity,...
HalkBank-DOJ Deal to End Criminal Case Questioned by Lawmakers
The Trump administration’s decision to drop a long-running US criminal case against a Turkish state-owned bank for allegedly violating US sanctions on Iran is being questioned by Democratic lawmakers.
Sinking Gas Exports Leave Cash-Strapped Bolivia Needing IMF Deal
Bolivia is low on cash after making more than $500 million in debt payments last month, increasing the urgency of reaching a deal with the International Monetary Fund.
KKR and Apollo Among Potential Suitors for Portugal’s Logoplaste
US private equity firms KKR & Co. and Apollo Global Management are considering bids for Portuguese packaging maker Logoplaste, according to people familiar with the matter.
USFDA reconsiders peptide regulations, impacting wellness market
USFDA reconsiders peptide regulations impacting wellness market
Chinese automaker patents voice-activated in-car toilet
Shanghai: A Chinese automaker has patented a toilet concealed beneath a sliding car seat that can be operated using voice commands, according to a government database.Electric vehicle company Seres received patent approval for its mobile latrine earlier this month, public records show.Get updated faster and for FREE: Download the Gulf News app now - simply click here. The on-the-go lavatory can be accessed manually through pushing the seat back, as well as through the voice command "start up toi...
Equinor Trading Profits to Beat Forecast as War Spurs Volatility
Equinor ASA said first-quarter earnings from its marketing, midstream and processing business will exceed its guidance of about $400 million, with the Middle East conflict driving “significant volatility.”
Pakistan Boosts Mediation Efforts as US, Iran Weigh Longer Truce
Pakistan stepped up efforts to ensure the US and Iran prolong a ceasefire that’s set to end next week, allowing more time for the warring sides to negotiate a lasting peace deal.
Stocks Extend Rally and Oil Prices Stabilize as Investor Optimism Grows
Oil prices stabilized and stocks rose on optimism that diplomatic talks could yield a permanent peace deal.
Half-Full Tanker Heading to Japan Highlights Scramble for Oil
A partially filled supertanker heading to Japan after receiving its Middle Eastern oil cargo via a ship transfer at sea highlights the desperate measures the nation’s refiners are taking to secure supply quickly.
‘In favour of a rules-based world order’: Austrian Chancellor Christian Stocker backs PM Modi’s call for ‘lasting peace’
Marking the first visit by an Austrian Chancellor in 40 years, the two nations expanded cooperation in the nursing sector and academic research through a partnership with IIT Delhi.
Brad Setser on the War in Iran and the Future of the US Dollar
How This Shock Differs From the 1970s.
Odd Lots: Setser on the Future of the US Dollar (Podcast)
Khabib Nurmagomedov enters UAE real estate market
Dubai: UFC legend Khabib Nurmagomedov has officially stepped into the UAE’s booming real estate sector through a strategic long-term partnership with DIA Holding, marking his first major venture in the region’s property market.The collaboration debuts with the launch of LuzOra Residences, a premium $70 million development located on Dubai Islands. Designed as a hybrid hotel and residential concept, the project combines the flexibility of home ownership with the convenience of hotel-style living,...
Won't Be Seeing Three ECB Rate Hikes in 2026, BlackRock Says
James Turner, BlackRock global fixed income EMEA head, discusses the European economy and bond space in light of the current geopolitical situation in the Middle East and its impact on supply chains. "We have to remember that it's very much a supply-side shock," Turner tells Bloomberg Television. He also talks about the European Central Bank and says it is unlikely the ECB will deliver three rate hikes in 2026. "I don't think, for example, we're going to see three rate rises from the ECB this ye...
Russian stock market rises at start of main trading session
The yuan gained 1.3 kopecks compared to the previous session’s close to trade at 11.074 rubles