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Fashion to Fish Farms: Meet Norwegian Billionaire Gustav Witzoe
33-year-old Gustav Magnar Witzoe is a fashion influencer, model, investor and a Norwegian billionaire. He’s also betting his fortune on creating the “world’s best fish farm.” (Source: Bloomberg)
CNG prices hiked by Rs 2/kg after petrol, diesel revision; check rates in your city
CNG prices have jumped by Rs 2 per kg across India, following recent hikes in petrol and diesel. This surge, attributed to the West Asia conflict impacting global energy supplies, sees Delhi's CNG now at Rs 79.09 per kg. Fuel rates have climbed significantly after a long period of stability, raising concerns about energy security.
As layoffs cross 1 lakh across tech industry, here are AI-proof jobs for engineers
Tech layoffs have surged past 1 lakh in 2026, impacting major firms like LinkedIn and Meta, even as companies invest heavily in AI. While mid-level and entry-level roles are cut, demand is rising for experienced engineers skilled in AI operations, maintenance, and integration. Soft skills and a proven AI track record are now crucial for securing these sought-after positions.
AI hit with over Rs 26k-cr loss in 2025-2026: 25% stakeholder took blow of $743m
NEW DELHI: The turbulence Indian airlines are facing for over a year now has started denting the fortunes of their foreign partners. The going got tough for them after the US-Iran war erupted on Feb 28.
Thousands of Toyota buyers waiting months for their new cars to arrive due to software bungle
Thousands of Toyota buyers waiting months for their new cars to arrive due to software bungleCustomers don't know when cars will arriveComputer issue causes tracking problemsREAD MORE: Toyota LandCruiser urgently recalled due to transmission fault By MATT JONES, SENIOR NEWS REPORTER, AUSTRALIA Published: 04:07, 15 May 2026 | Updated: 04:07, 15 May 2026 e-mail View comments
Top shares to buy: Stock recommendations for today - check list
Stock market recommendations: Bajaj Broking Research has chosen NMDC, and Jayaswal Neco Industries as the top stock picks for May 15, 2026. The brokerage has shared its target prices and time period to attain it. Let’s take a look:
Why Stock Rally Is Losing Momentum
A record-breaking global stock rally driven by AI optimism stalled in Asia on Friday, with sentiment souring across assets as global yields rise. Bloomberg Markets Live Executive Editor Mark Cudmore explains. (Source: Bloomberg)
Growth below target
PAKISTAN’S latest GDP figures offer a picture of modest recovery. A projected growth rate of 3.7pc for the current fiscal falls short of the government’s original 4pc target. This is slightly less than even the lower bound of the State Bank’s projected range of 3.75-4.75pc. But it is still an improvement over the previous year’s 3.18pc expansion. Thankfully, the SBP anticipates growth, albeit tepid, during much of next year in case energy prices stay elevated and the Gulf crisis lingers. That sa...
Egypt farmers hit by Iran war price surge
Egyptian smallholders have seen their lives upended by the war in Iran, with soaring fertiliser and energy prices forcing many to lay off workers and reduce the amount of land they farm.Before the United States and Israel launched the war that would end up engulfing the region, Ashraf Abu Ragab cultivated a full acre with a small crew. Get updated faster and for FREE: Download the Gulf News app now - simply click here.Now he farms just half on his own after sacking the workers he once relied on,...
LinkedIn cuts hundreds of jobs; CEO says economic opportunity is key societal issue
LinkedIn is cutting around 5% of its global workforce—roughly 875 jobs—across its Global Business Organization, marketing, engineering, and product teams. CEO Daniel Shapero broke the news in an internal memo, saying the Microsoft-owned platform needs to "reinvent how we work." The layoffs land despite a 12% revenue jump last quarter, with AI's role in the decision left conspicuously unspoken.
AI stock boom pushes Seoul's Kospi index over 8,000
South Korea's benchmark Kospi index topped 8,000 points for the first time Friday, buoyed by an artificial intelligence-driven boom in the country's semiconductor industry.The index briefly rose above the milestone in morning trade before falling back into the 7,900 range later in the session.It marked the latest high point in a meteoric rise for the Kospi, which was trading at around 2,600 points just a year ago.Samsung Electronics market value tops $1 tn on chip boomSouth Korea is home to tech...
Japan Producer Prices Jump by Most Since 2014, Backing BOJ Hike
Japan’s corporate goods prices surged in April by the most in 12 years, in another sign of how the war in Iran is boosting inflationary pressures and supporting the case for the Bank of Japan to raise interest rates.
IMF highlights ‘Gulf exposure’ as biggest external risk for Pakistan
ISLAMABAD: Following the release of a $1.1 billion tranche for Pakistan, the International Monetary Fund (IMF) has identified Pakistan’s economic exposure to the Gulf Cooperation Council (GCC) as its most acute external vulnerability. In its staff report, the lender warned that “the war weighs on the near-term outlook as Pakistan is highly exposed to energy imports and remittances from the Gulf countries as well as to global financial conditions”. According to the report, 81 per cent of Pakista...
Petrol, diesel prices: Check latest fuel rates in your city and state after Rs 3 increase
Fuel prices have surged across India, with petrol now exceeding Rs 110 per litre in several states and diesel nearing Rs 100 in many regions. This hike, averaging Rs 3 per litre, follows sustained pressure from elevated global crude oil prices, exacerbated by the West Asia crisis.
Restaurants turning back the clock to lure customers
Some restaurants are going retro to try to bring customers into dining rooms. Bradley Blackburn got a taste of how they
The PGA Championship Payday Is Big, But So Are The Taxes And Expenses
Professional golfers lead complicated financial lives, with prize money, endorsements, taxes owed to multiple states, and expenses ranging from travel to caddies.
JON HENDRY PICKUP: I'm the boss of Butlin's. The Government's senseless tax on holidays will impact families who can least afford it the most
JON HENDRY PICKUP: I’m the boss of Butlin’s. The Government’s senseless tax on holidays will impact families who can least afford it the mostBy JON HENDRY PICKUP Published: 01:01, 15 May 2026 | Updated: 02:22, 15 May 2026 e-mail 7 View comments
US Expects Dramatic Agricultural Purchases by China, Greer Says
US Trade Representative Jamieson Greer said he anticipates that China would commit to billions in American agricultural purchases, as Presidents Donald Trump and Xi Jinping complete their summit in Beijing.
Greer: A Lot of Success in Rebalancing Trade With China
United States Trade Representative Jamieson Greer talks about the results so far from the Trump-Xi summit, saying the meetings have already delivered tangible returns. He speaks with Bloomberg's Annmarie Hordern in Beijing. (Source: Bloomberg)
Petrol, diesel prices hiked by Rs 3 per litre effective immediately; check new list of rates
The Centre has repeatedly asserted that there is no fuel shortage in the country and no plan to introduce rationing of petrol, diesel or LPG despite disruptions in global energy shipments linked to the Iran conflict and the Strait of Hormuz crisis.