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African Development Bank on Continent's Water Future
The African Development Bank says water investments on the continent have increased over the past decade — from upstream preparation of projects to desalination efforts, service delivery and wastewater treatment plants. But Mtchera Chirwa, the AfDB's water and sanitation department director, says gaps within the sector won't just be resolved with more capital injection. (Source: Bloomberg)
Public holiday extended in Pindi; markets, fuel stations along key roads closed
RAWALPINDI: The district administration declared Saturday as a public holiday in Rawalpindi in view of the US-Iran dialogue in Islamabad. Earlier, the administration observed April 9 and 10 as public holidays and on Friday it extended it for another day. Deputy Commissioner Dr Hassan Waqar Cheema told Dawn that the government had decided to declare public holiday in the district in relation to the security arrangements for the delegates in Islamabad. He said all emergency departments and institu...
‘Cancelling orders’ in China: how Hormuz oil crisis is hitting transport, manufacturing
As the Strait of Hormuz reopened and closed again this week, manufacturers across China are navigating a roller coaster of concerns rooted in supply and pricing volatilities. Soaring oil prices have already filtered through to processed fuel and petroleum-based raw materials that help power China’s manufacturing sector – the world’s largest – and a fragile two-week ceasefire between Iran and the United States is unlikely to restore pre-conflict stability in the near term, according to industry.....
Starmer Plots Higher UK Defense Spending in Bid to Save His Job
Keir Starmer has resolved to hike Britain’s defense spending faster than current plans propose, hoping that a focus on security at a time of escalating conflict can fend off the prospect of a leadership challenge next month.
The damage wrought on the Middle East’s oil and gas supplies
Saudi Arabia and Qatar have both suffered significant damage to production capacity during the US-Israeli war against Iran
Only two events have mattered in my 30 years of investing
Markets have shrugged off everything from geopolitics to financial crises
The tragedy of leisure
The combination of AI and small families will create more free time than is good for us
How Iran turned to memes to take on Trump
Regime accounts have saturated feeds with snarky online propaganda since US and Israel started bombing campaign
From Batman to bartender: Robert Pattinson trades spotlight for bar duty in Vogue series
Robert Pattinson is serving more than just screen presence these days. In a collaboration with Vogue for its series A Toast to Cinema, the actor stepped behind the bar to celebrate his latest film, The Drama. which is already doing well at the box office, stars Pattinson alongside Zendaya. View this post on Instagram As he mixed&nbs...
FinMin leaves for World Bank-IMF spring meetings in US
Finance Minister Muhammad Aurangzeb has departed for the United States to attend the World Bank Group–International Monetary Fund (IMF) spring meetings 2026, where he is set to engage global financial leaders, policymakers and investors in a packed schedule of over 50 meetings, finance ministry posted on X on Saturday. According to the Ministry of Finance, the meetings, scheduled in Washington, DC from April 13 to 18, will see Pakistan present its economic outlook, reform t...
Kalshi Wins Reprieve From Arizona Criminal Case at CFTC’s Urging
Kalshi Inc. won a temporary reprieve from criminal prosecution in Arizona when a judge suspended the case at the behest of a federal regulator.
Los Angeles schools may close as nearly 85% of district’s workers plan to strike
Los Angeles schools could close next week because nearly 85% of the district’s workers plan to strike, demanding higher pay as the district reportedly holds on to $5 billion in reserves."During spring break, the district met with the United Teachers Los Angeles (UTLA), the Associated Administrators of Los Angeles (AALA), and Trades labor partners, successfully reaching an agreement with Trades," a Los Angeles Unified School District (LAUSD) spokesperson told Fox News Digital Friday."The District...
Japan’s Middle East oil habit gets an Iran war reality check
Japan’s energy security has long hinged on Middle Eastern oil. The Iran war simply exposed how breakable that lifeline had become. While a two-week ceasefire agreed on Tuesday promises some relief by reopening the Strait of Hormuz to tanker traffic, analysts say the shock has laid bare vulnerabilities Tokyo cannot easily paper over. As an archipelago nation with no cross-border pipelines, Japan draws more than 95 per cent of its crude from the Middle East and routes the bulk of it through the...
DHS investigates deadly hammer attack of Florida gas station clerk
The U.S. Department of Homeland Security has been drawn into the case of a woman who was killed in a hammer attack last week at a gas station in Fort Myers, Florida, after a Haitian immigrant was taken into custody on homicide charges in connection with the attack. Nicole Valdes has the latest.
Inflation rises to its highest mark in nearly 2 years, fueled by Iran war
Inflation rose by 3.3% in March compared to one year ago, the Labor Department reported Friday, the highest such increase since May 2024. That rise was driven by a 21% spike in gas prices in March from the previous month. Jo Ling Kent has details.
Wall Street Week | Iran Oil Fallout
This week, Richard Haass of Centerview Partners on what to expect out of US-Iran peace talks. Plus, why Gulf states are begging Trump not to end the Iran war early and how the conflict could hit consumers, from gas prices to interest rates. And, former Canadian Finance Minister Chrystia Freeland warns of stagflation, a food crisis, and the growing strain on the US-led global order as finance leaders gather in Washington at the annual World Bank-IMF meetings. Later, how China quietly built a mon...
Tiger Global Backs PopUp Bagels at $300 Million Valuation
Tiger Global has agreed to invest in PopUp Bagels at a $300 million valuation, according to people familiar with the matter — roughly five times what the startup was quoted at as recently as five months ago.
Haass: Iran Has Far More Leverage Than Before War
The US is expected to hold talks with Iran in an effort to reach an agreement, but former Council on Foreign Relations president Richard Haass of Centerview Partners warns that we should not expect too much, and that the war shows just how much leverage Iran has. (Source: Bloomberg)
WATCH: Prices surged in March after oil shock set off by Iran war
Inflation surged in March after an oil shock triggered by the U.S.-Israeli war with Iran, government data showed on Friday. The inflation report matched economists' expectations.
What's behind the higher annual inflation rate in March?
The latest inflation numbers are out, and they show prices jumped last month, due to the war with Iran. CBS News senior business and tech correspondent Jo Ling Kent has more.