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Bank of England holds interest rates at 3.75% as inflation fears mount
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrelThe Bank of England has kept UK interest rates on hold as fears mount over rising inflation triggered by the Iran war.Against a volatile backdrop in the Middle East conflict, the Bank’s monetary policy committee voted to keep its key base rate at the current level of 3.75%, although the decision was not unanimous. Continue reading...
Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job lossesBusiness live – latest updatesLloyds Banking Group will cut another £2bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.Charlie Nunn said the strategy, which the UK’s largest high street lender will launch in January, would involve investing £13bn into the business by 2030, including for “pioneering technology” to lure...
Fifa wants more money for its members but that does not guarantee investment | John Duerden
Asia and Africa are bastions of support for Gianni Infantino but Fifa’s money has not always been well spent in the regionsFifa’s justification for its proposed plans to sell stakes in the World Cup to private investors is about giving the 211 member associations more money to develop football. It’s safe to say that in the past, funds have done more developing in some places than in others, with millions either going missing or not being used for their original purpose and Fifa too often shuttin...
The renter-owner wealth gap is wider than ever, as many are priced out of buying
Housing has long been the largest source of wealth for middle income families. But many renters cannot afford to buy as housing prices soar, which could fuel a generational divide.(Image credit: Alyssa Pointer for NPR)
US borrowing costs hit 19-year high as Fed holds interest rates
Bank’s chair pledges to keep up fight against inflation but decision brings fears the Fed is failing to keep paceUS government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation.The yield – or interest rate – on the 30-year US Treasury bond rose 14 basis points to nearly 5.24%, a 19-year high, after the Fed announced its decision to h...
US borrowing costs hit 19-year high as Fed holds interest rates
Bank’s chair pledges to keep up fight against inflation but decision brings fears the Fed is failing to keep paceUS government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation.The yield – or interest rate – on the 30-year US Treasury bond rose 14 basis points to nearly 5.24%, a 19-year high, after the Fed announced its decision to h...
Buying gold in UAE? Jewellery demand is down, but investors are still buying - Khaleej Times
Buying gold in UAE? Jewellery demand is down, but investors are still buying Khaleej Times
UK car production drops amid calls for 'urgent action' to protect 188,000 automotive jobs
The UK's car production sector has seen a concerning drop in the first half of the year, with experts warning that the industry could face further challenges.Fresh data shows that the output of new cars and commercial vehicles in the first six months of 2026 declined by 7.5 per cent.In total, just under 386,000 new vehicles have been produced, compared with 417,000 last year, as June also saw a 1.2 per cent fall.More than 294,000 of all cars and commercial vehicles produced in the first half of...
من طالب مُتسرب إلى ملياردير: كيف حقق مارك زوكربيرغ 150 مليار دولار!
منذ بداياته كطالب في جامعة هارفارد، أثبت مارك زوكربيرغ أن الأفكار العظيمة يمكن أن تتجاوز حدود الفصول الدراسية. تعال معنا لنتعرف على كيف أصبح هذا الشاب الأمريكي واحداً من أغنى أغنياء العالم بمليارات الدولارات.
From Dorm Room to Dominance: How Mark Zuckerberg Built a $150 Billion Empire
Mark Zuckerberg transformed from a college dropout into a tech titan with a staggering net worth of $150 billion in just over a decade. Dive into the fascinating journey of the world's youngest billionaire and discover the secrets behind Facebook's meteoric rise.
Shell’s profits more than double after jump in oil and gas prices
Environmental groups renew calls for windfall tax to support households following Q2 earnings rise to $9.84bn Shell more than doubled its profit in its second quarter of the year, as Europe’s biggest oil and gas company reaped the benefits from the jump in oil and gas prices triggered by war in the Middle East.The FTSE 100 company’s net profit hit $9.84bn (£7.4bn) in the three months ended in June, more than double compared with the same period last year. Continue reading...
Shell profits double as oil prices rise due to Iran war
Shell profits double as oil prices rise due to Iran warImage source, Getty ImagesByJennifer MeierhansBusiness reporterPublished1 minute agoShell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices.The oil giant's profits for the April-to-June period reached $9.836bn (£7.37bn) - up from $4.264bn at the same point last year.The price of oil has soared since the outbreak of the US-Israel war with Iran due to major disruption to global supplies...
India's Russian crude imports may hit record 3m barrels per day: Here's why
If shipping through the Red Sea remains unaffected, Indian refiners will continue to have an important supply cushion through Saudi Arabia's East-West (Yanbu) pipeline, which has recently been supplying around 300,000-500,000 barrels per day (kbd) of crude.
Blocked debit card without notice: commission orders Federal Bank to pay Rs 1.25 lakh
A Kerala consumer commission ordered Federal Bank to pay compensation for blocking a debit card. The customer and his family were stranded at Kuwait International Airport due to this action. The bank failed to inform the customer about the card's blocking and replacement. This deficiency in service caused significant hardship and trauma to the complainant. The commission awarded Rs 1.25 lakh for mental agony and litigation costs.
Microsoft Q4 results: Azure tops $100 bn as AI growth helps beat earnings estimates
Microsoft reported strong cloud revenue growth and increased paid AI users. Azure revenue surpassed one hundred billion dollars for the first time. Microsoft 365 Copilot now has over thirty million paid seats. Investors are observing returns from significant artificial intelligence spending. The company's shares saw a notable increase after the earnings announcement.
A quarter of young Africans believe USAID cuts could be positive, survey finds
Losing funds should force leaders to confront their own challenges, they said, while many voiced concerns over increasing foreign influence A quarter of young Africans believe aid cuts by the US could have a positive impact, saying that losing foreign money will force leaders to confront and solve their own challenges, according to a new survey.In Ghana and Nigeria, almost half (41% and 40% respectively) of young people aged 18 to 24 were optimistic, with Liberia not far behind (37%). A further...
اكتشف السر الذي جعل وارن بافيت أغنى رجل في العالم: القاعدة رقم 1 للاستثمار!
وارن بافيت، أسطورة الاستثمار، يمتلك ثروة تبلغ 118 مليار دولار. في هذا المقال، سنكشف النقاب عن القاعدة الذهبية التي اتبعها بافيت ليحقق نجاحًا مذهلاً.
Unlocking Wealth: Warren Buffett’s #1 Rule That Made Him a Billionaire
Warren Buffett, the Oracle of Omaha, has amassed a staggering net worth of over $100 billion through his unparalleled investing wisdom. Discover his #1 rule for achieving wealth and how you can apply it to your financial journey.
Amazon sells $25 bn in bonds for what CEO calls 'once in a lifetime opportunity'
Amazon has raised twenty-five billion dollars through a bond sale. This funding supports significant expansion of the company's AI data centers. CEO Andy Jassy views artificial intelligence as a major opportunity. Amazon plans substantial capital expenditure for AI infrastructure in upcoming years. This investment reflects a strategy to avoid missing a key technological shift.
Russian missiles enter Nato airspace amid 'massive' attack after Volodymyr Zelensky pleads allies for help
Nato fighter jets have been scrambled as Russia launched a "massive attack" on Ukraine after Volodymyr Zelensky issued an urgent appeal to its allies for help. The Ukrainian President revealed that his air force had alerted him to a "high probability" of Vladimir Putin ordering the strike during the early hours of Thursday morning.Writing on social media, he stressed: "It is important that our partners fully understand what is happening and that the protection of lives directly depends on their...
خبر — منصة إخبارية ذكية | Khabr — AI-Powered News Platform
خبر هو أول مجمّع أخبار عربي يعمل بالذكاء الاصطناعي. نقدم تحليلات ذكية وملخصات تلقائية ورواية صوتية لكل خبر من أكثر من 700 مصدر موثوق. نضيف قيمة تحريرية فريدة من خلال أدوات الذكاء الاصطناعي التي تساعدك على فهم الأخبار بعمق أكبر.
Khabr is the first AI-powered Arabic news aggregator. We provide AI-generated editorial analysis, automated summaries, audio narration, and fact-checking for every article from 700+ trusted sources. Our platform adds unique editorial value through AI tools that help you understand the news more deeply.