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UAE Withdraws From OPEC Amid Gulf Tensions, Global Energy Uncertainty
Agadir – The United Arab Emirates announced today its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and OPEC+, marking a shift in Gulf energy politics amid rising regional tensions and pressure on global oil markets. The decision, which takes effect on May 1, comes as the ongoing Iran war continues to disrupt energy flows through the Strait of Hormuz and expose growing divisions among Gulf allies. OPEC is an intergovernmental organization which gathers major...
Sooryavanshi is supernatural: Pakistani commentator hits back at Indian media
After a barrage of bouncers from the Indian media following his comments on IPL teen sensation Vaibhav Sooryavanshi, Pakistani cricket commentator Nauman Niaz has responded with a Tendulkar-esque straight drive.Bewildered by the 15-year-old Indian batting prodigy’s freakish exploits in the Indian Premier League, Niaz made a lighthearted comment during a recent podcast that Sooryavanshi “needs to be checked in a lab if he has got some AI chip in him”.Niaz, a doctor by profession who follows crick...
Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae
When Chris Gray sold his Shark Tank-backed scholarship search startup Scholly to Sallie Mae in 2023, he thought he had it all. Now he’s suing the student loan giant for wrongful termination and alleging that it’s selling the data his app collected, which includes personal info on minors, without properly informing users. Gray co-founded the company a decade prior with the hope of helping students more easily find college scholarships that were going untapped. Within two years, he nabbed Sh...
Ryanair CEO Is ‘Less Concerned’ Europe Will Run Out of Jet Fuel
Ryanair Holdings Plc Chief Executive Officer Michael O’Leary is “increasingly less concerned” about Europe facing a jet-fuel shortage in the coming months, though summer ticket sales may take a hit because of the uncertainty surrounding the Iran war.
Asian Beach Games boost development of rural areas in Hainan’s Sanya — newspaper
According to the newspaper, during the large-scale sporting event taking place in Sanya on April 22-30, many foreigners, including media representatives, were greatly impressed by the local tropical climate and the small villages located on the outskirts of the city
JPMorgan’s Dimon Warns Again on Risks of Credit Market Downturn
JPMorgan Chase & Co.’s Jamie Dimon again cautioned that a credit market downturn could be worse than expected, even after his firm and Wall Street rivals posted a banner quarter in which loan portfolios held up.
Citadel Books More US Rockies Gas Transport on Key Pipeline
Citadel Energy Marketing, the merchant trading arm of Ken Griffin’s Citadel, has expanded its natural gas pipeline transportation capacity on a key interstate conduit from the Rocky Mountains to Arizona by 37%, positioning itself ahead of anticipated growth in Southwest gas demand.
Strait of Hormuz in limbo as UAE says its leaving OPEC
The Strait of Hormuz remains in limbo amid Iran's latest offer to reach a deal with the U.S. Meanwhile, the United Arab Emirates announced its exit from the Organization of the Petroleum Exporting Countries (OPEC), effective May 1. CBS News' Ramy Inocencio has more.
UAE's Opec exit: From India’s point of view, this is very good development, analysts say
The UAE's decision on Tuesday to exit Opec and Opec+ is likely to have a beneficial impact on its ties with India, bringing the two countries closer, especially on the oil and gas front, analysts said. Narendra Taneja, chairman, Independent Energy Policy Institute, told NDTV Profit on Tuesday evening that the UAE is looking for more autonomy and focus on supplying oil to countries like India, which is closer to it in bilateral ties. “The UAE and India have deep relations and this will only impro...
‘It feels like a betrayal’: anger as Apple to close US’s first unionized store
Tech giant accused of ‘cynical attempt to bust the union’ in decision to shutter location in Towson, MarylandWorkers at the first Apple store to unionize in the US are pushing back against the company’s decision to shut down the store by June, alleging the company’s decision is rooted in “a cynical attempt to bust the union”.On Monday, the union filed an unfair labor practice charge against Apple, alleging unionized employees at the store in Towson, Maryland, are being denied transfer rights and...
Haven't Yet Seen Brunt of Energy Price Pressures in Data, Says Lindsey Piegza
Lindsey Piegza, Chief Economist at Stifel, discusses the US economic backdrop as consumers maneuver around war-driven, high energy prices. US consumer confidence unexpectedly edged up in April to the highest this year as Americans grew more hopeful about the outlook for the labor market. The Conference Board’s gauge increased to 92.8, from 92.2 in March, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 89. A measure of expectations for...
Explained: What is Opec and what does UAE's exit from it mean?
The UAE has made the decision to exit the Organisation of the Petroleum Exporting Countries (Opec) and Opec+, effective May 1, after a “careful look at the regional power's energy strategies,” the energy minister said.The UAE’s decision to withdraw is based on its long-term strategic and economic vision and evolving energy profile, including accelerated investment in domestic energy production, and reinforces its commitment to a responsible, reliable, and forward-looking role in global energy ma...
Drivers to be hit by household budget-busting £2billion cost at the pumps thanks to Iran war, piling pressure on Chancellor Rachel Reeves to scrap her planned fuel tax raid
Drivers to be hit by household budget-busting £2billion cost at the pumps thanks to Iran war, piling pressure on Chancellor Rachel Reeves to scrap her planned fuel tax raidBy DAVID CHURCHILL Published: 15:42, 28 April 2026 | Updated: 15:44, 28 April 2026 e-mail View comments
Pregnant Molly-Mae Hague shows off her baby bump as she runs errands with Tommy Fury after fire broke out at their £5million mansion
Pregnant Molly-Mae Hague shows off her baby bump as she runs errands with Tommy Fury after fire broke out at their £5million mansionBy CIARA FARMER, ASSISTANT SHOWBUSINESS EDITOR Published: 15:26, 28 April 2026 | Updated: 15:44, 28 April 2026 e-mail 33 View comments
The Lalit in New Delhi faces existential crisis worth Rs 1,063 crore. Here's why
The Lalit in New Delhi faces existential crisis worth Rs crore Heres why
Can wage garnishment increase over time?
MoneyWatch: Managing Your Money Can wage garnishment increase over time? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on...
US Consumer Confidence Unexpectedly Edges Up
The Conference Board’s gauge of US consumer confidence increased to 92.8, from 92.2 in March, data out Tuesday showed. The median estimate in a Bloomberg survey of economists called for a reading of 89. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
Russian oligarch’s superyacht allowed through strait of Hormuz, source says
Billionaire Alexei Mordashov’s vessel, Nord, reportedly able to cross blockaded strait with US and Iranian approvalA superyacht owned by the Russian billionaire Alexei Mordashov was able to transit the blockaded strait of Hormuz after undergoing maintenance in Dubai because neither Iran nor the US objected, a source close to Mordashov said on Tuesday.It has been unclear how the multi-deck pleasure vessel, worth more than $500m (£370m), gained permission to sail on Saturday through the commercia...
Bloomberg Surveillance 4/28/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
“Nesting”…Retailers Have A Gen Z Problem
MoneyInvesting“Nesting”…Retailers Have A Gen Z ProblemByGreg Petro,Contributor.Follow AuthorApr 28, 2026, 10:18am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.“Nesting”…Retailers Have A Gen Z ProblemgettyAn American aspiration for generations since at least the end of World War II, home ownership has become a luxury that most people under the age of 30, Gen Z, can only dream about – if they even do. Evidence is mounting...