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US approves $4.2 billion in helicopter sales to South Korea
The United States said Monday it had approved the sale of more than $4 billion in military helicopters to South Korea, which has vowed to buy more US weapons as it defends against the North.The State Department said it had given its approval for South Korea to spend $3 billion on 24 "Romeo" Seahawk naval helicopters, used to track and destroy submarines as well as land targets.The State Department also approved $1.2 billion in sales for upgrades in South Korea's Apaches, a backbone attack helico...
From Dh40 to CEO: The remarkable UAE journey of Ali Al Najjar
Dubai: Born in Abu Dhabi, forced to leave the UAE as a child, and returning years later on a bus from Jordan with almost nothing in his pocket, Ali Al Najjar transformed hardship into one of the UAE’s most inspiring corporate success stories. Speaking to Gulf News, Jordanian expatriates Al Najjar shared his story of rising from exchange house cashier to CEO of Al Ansari Exchange through discipline, resilience and relentless hard work.At 22, Ali Al Najjar arrived in Abu Dhabi after a 38-hour bus...
Reforms aim to help make consumer credit rules ‘fit for digital age’
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Petrol Diesel Price LIVE Updates: Fuel Prices Up Again, Petrol, Diesel Costlier By Around 90 paise
Petrol Diesel Price Hike Live Updates: In Delhi, petrol now costs Rs 98.64 per litre, up from Rs 97.77, while diesel has increased to Rs 91.58 from Rs 90.67. This follows an earlier hike of Rs 3 per litre on Friday.
Australia's red-hot housing frenzy fizzles after Labor's tax crackdown saw investors flee and buyers vanish
Australia's red-hot housing frenzy fizzles after Labor's tax crackdown saw investors flee and buyers vanishREAD MORE: Labor's tax overhaul leaves opening for existing homeownersBy SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 02:29, 19 May 2026 | Updated: 02:29, 19 May 2026 e-mail View comments
Australia Treasurer Defends Investment Tax Changes
Australia's Treasurer Jim Chalmers has defended the proposed tax changes, arguing that they increase fairness for investors and will still tax capital gains at rates lower than other overseas markets. (Source: Bloomberg)
LIRR strike to end as MTA, unions reach tentative agreement, Hochul says
Breaking Local News Long Island Rail Road strike to end as MTA, unions reach tentative deal, Gov. Kathy Hochul says By Mark Prussin Mark Prussin Digital Producer, CBS New York Mark Prussin is a digital producer at CBS New York. He covers breaking news, sports, politics and trending stories in New York, New Jersey and Connecticut. Mark joined the CBS New York team in 2019. Read Full Bio Mark Prussin Updated on: May 18, 2026 / 8:57 PM EDT / CBS New York Add CBS News on Google The Long Island Rail...
Putin Aims to Unlock Gas Pipeline in Xi Talks
Vladimir Putin is set to travel to Beijing for talks with President Xi Jinping, with the war in Iran offering an opportunity for Russia to deepen energy links with China. Bloomberg's Stephen Engle reports. (Source: Bloomberg)
PETER VAN ONSELEN: The death taxes already in effect that financially-savvy Aussies need to know about
PETER VAN ONSELEN: The death taxes already in effect that financially-savvy Aussies need to know aboutREAD MORE: Surprise 'death tax' in Albanese's Budget By PETER VAN ONSELEN, POLITICAL EDITOR, AUSTRALIA Published: 01:40, 19 May 2026 | Updated: 01:40, 19 May 2026 e-mail View comments
Florida mother turns to digital couponing as grocery bill soars
CBS Evening News As inflation ticks up and grocery prices climb, a Florida mother turns to digital couponing to save money .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-evening-news.jpg'); } By Cristian Benavides Cristian Benavides Correspondent, CBS Newspath Cristian Benavides is a CBS News correspondent based in Miami. Read Full Bio Cristian Benavides May 18, 2026 / 8:36 PM EDT / CBS News Add CBS News on Google Inflation rose to its highest level since 2023 i...
How a mom tries to stretch the grocery budget for her family of 5 | Affordability in America
Each trip to the grocery store is becoming more expensive for Florida mother Kiana Powell. Cristian Benavides reports on how she
Trump Holding Off on New Iran Strikes After Gulf Appeal
President Donald Trump said he called off a strike on Iran after an appeal by the leaders of Persian Gulf allies, who called for more time to pursue a diplomatic resolution. Bloomberg Economics' Chris Kennedy has the latest. (Source: Bloomberg)
NPR offering staff buyouts after receiving $113 million in charitable gifts
NPR announced it is offering buyouts to staffers just weeks after it received over $100 million in charitable gifts.According to a report from NPR's media correspondent David Folkenflik, NPR CEO Katherine Maher wrote in a memo that the outlet "has to fill a gap of $8 million in its $300-million annual budget" after President Donald Trump and GOP lawmakers cut federal funding last year and that NPR is expected to "earn $15 million less in station fees this year and is anticipating a drop in corpo...
Oil Slips as Trump Spurs Optimism Over Iran Deal: Markets Wrap
Oil dropped in early Asia trading after President Donald Trump said he was holding off on fresh military strikes, boosting hopes for a deal that could end the war and revive energy flows through the Strait of Hormuz.
Musk Loses Case Against Altman Over OpenAI’s Overhaul
A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. Madlin Mekelburg explains. (Source: Bloomberg)
Faisal Islam: Burnham seeks to manage the markets and Makerfield
Faisal Islam: Burnham seeks to manage the markets and MakerfieldJust nowShareSaveAdd as preferred on GoogleFaisal IslamEconomics editorPA MediaGreater Manchester Mayor Andy Burnham has committed to sticking to the government's existing borrowing limits, known as its fiscal rules. And the markets appear to have reacted.In recent weeks, Burnham had suggested the rules might be changed, for example by exempting rises in defence spending as has occurred in Germany to allow for extra spending.Then on...
AMP Trims ‘Frothy’ Private Credit Assets in Investment Pivot
MarketsAMP Trims ‘Frothy’ Private Credit Assets in Investment PivotFacebookXLinkedInEmailLinkGiftExpandAMP Ltd. signage on Quay Quarter Tower in Sydney, Australia.Photographer: Lisa Maree Williams/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Amy BainbridgeMay 18, 2026 at 9:36 PM UTCBookmarkSaveAustralian pension and weal...
Japan Official Sows Doubt Over Potential Sales of US Treasuries
A senior Japanese Finance Ministry official sowed doubt over any prospects for the nation to sell US Treasuries as part of any move to prop up the yen, suggesting the maneuver could end up being counterproductive.
Fast-Moving Sandy Fire Out of Control Near Los Angeles
A brush fire in Southern California's Simi Valley has prompted evacuations as high winds fuel the blaze. The Sandy Fire broke out Monday morning about 20 miles northwest of Los Angeles. It has consumed about 184 acres and remains out of control according to state fire officials. (Source: Bloomberg)
AI Chip Startup Tenstorrent Draws Takeover Interest From Intel, Qualcomm
Artificial intelligence chip startup Tenstorrent Inc. is drawing early takeover interest from prospective buyers at a moment of renewed momentum for upstarts looking to challenge Nvidia Corp. and Advanced Micro Devices Inc.