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Extra £174m earmarked for ‘spiralling’ bill for Lower Thames Crossing
More than £3bn is due to be spent on the proposed road tunnel between Kent and Essex, which is estimated to have higher costs per mile than HS2Ministers have earmarked more than £170m extra to help build the Lower Thames Crossing road tunnel, fuelling concerns over the “spiralling” costs of one of the UK’s largest planned infrastructure projects.The proposed £11bn route under the Thames between Kent and Essex is already estimated to cost more each mile than the HS2 high-speed rail link from Lond...
Aviva detects record £230m in bogus insurance claims as use of AI rises
Insurer found 18,400 suspect claims last year with some scammers using AI to fake accident scenes and documentsBogus insurance claims worth more than £230m were detected by the insurance firm Aviva last year as scammers tried new tricks including using artificial intelligence to fake car accident scenes, documents and to exaggerate damage.The insurer identified more than 18,400 suspect claims across its brands in 2025, with a combined value of £233m. The fraud claims level was a record for the i...
UK companies opting to hire temporary workers over permanent staff, recruitment firms say
Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitmentUK companies are increasingly hiring temporary workers instead of permanent staff because of low confidence in the economy and higher cost pressures, according to a report.Recruiters reported a strong increase in offers of temporary roles in May, according to new research from KPMG and the Recruitment and Employment Confederation (REC). Continue reading...
UK companies opting to hire temporary workers over permanent staff, recruitment firms say
Report blames Middle East conflict and rising business costs for fragile jobs market and steep fall in recruitmentUK companies are increasingly hiring temporary workers instead of permanent staff because of low confidence in the economy and higher cost pressures, according to a report.Recruiters reported a strong increase in offers of temporary roles in May, according to new research from KPMG and the Recruitment and Employment Confederation (REC). Continue reading...
Stock market crash today: Rs 5 lakh crore wealth gone! Top reasons for fall
Selling was widespread across the market. Every stock in the Sensex basket traded in negative territory. The weakness was equally visible beyond the benchmark indices. The Nifty Midcap 100 and Nifty Smallcap 100 both lost more than 1%, reflecting a broad risk-off mood among investors.
Rupee begins week at 95.35 against US dollar amid Middle East chaos
The rupee opened lower against the dollar, influenced by a stronger greenback, rising crude oil prices, and geopolitical tensions in the Middle East. This decline followed a strong gain on Friday, as investors remained cautious ahead of key US economic data and potential Federal Reserve interest rate decisions.
Court’s nod sought to record Pinky’s voice samples
KARACHI: The investigating officer (IO) in a narcotics case has approached a court, seeking permission to record the voice samples of alleged drug baroness Anmol Pinky and her three accomplices in prison. Pinky was arrested last month in connection with two cases registered at the Garden police station pertaining to the possession of drugs and an unlicensed weapon. She had already been booked in multiple other criminal cases prior to her arrest. Following her arrest, the police also held Pinky’s...
KMC eyes Rs1bn annual revenue from tax on hotels, marriage halls
KARACHI: The Karachi Metropolitan Corporation (KMC) is preparing to impose a new tax on hotels, restaurants, guest houses, lodges, marriage halls, marquees, marriage lawns, Airbnb properties and wedding banquet facilities to generate Rs1 billion annually. If approved by the City Council, the ‘entertainment tax’ will be collected at the rate of one per cent of the total bill generated by hotels, marriage halls, etc. Officials said that the municipal authority intends to seek approval for the tax...
OECD chief urges governments not to go it alone on digital taxation
Mathias Cormann warns against fragmented approach as more countries consider duties on tech giants
Stock Market LIVE Updates, Sensex Today: Markets Likely To Open In Red Amid Fresh Tensions In Middle East
Stock Market, Sensex, Share Market, Nifty LIVE Updates: Oil prices rise more than $2 after Israel launched renewed strikes.
Digging deeper into deficit
Pakistan’s external trade balance continues to widen beyond normal cyclical swings, pointing instead to deeper structural constraints that have accumulated over decades. Despite periodic policy interventions and short-term stabilisation efforts, the underlying pattern remains unchanged: import growth consistently outpaces export earnings, leaving the economy dependent on external inflows to bridge a persistent gap. During the first 11 months of the current fiscal year, the trade deficit widened...
Titan, Bharti Airtel & more: Top stocks to watch on June 8
Analysts are bullish on Titan, projecting strong jewellery revenue growth and market share gains. Bharti Airtel's mobile money arm, Airtel Money, is set for a significant IPO. Adani Ports shows robust cargo volume growth, exceeding expectations. Maruti Suzuki is poised to benefit from first-time buyer segment revival and market share expansion.
Cutting out the middleman
Every federal budget is a stark reminder of how much Pakistan’s federal government is unable to spend within its means. Therefore, the burden to keep fiscal balance somewhat manageable falls on the same few sacrificial lambs, typically the formal sector in terms of collection and development needs for expenditure. Troublesome as it may be, the country’s gross public debt ratio of 70 per cent is not outrageously high by developing economy standards. However, one big problem is its concentration:...
100 days of Middle East crisis: Oil prices jump over 3% as Iran-Israel resume war
Middle East tensions surged, pushing oil prices up over 3% as the crisis hit its 100th day with little peace progress. Recent Israeli strikes in Iran and Lebanon, despite a truce, have dimmed hopes for a deal and reopening the vital Strait of Hormuz. OPEC+'s approved output increase faces hurdles due to supply disruptions.
CORPORATE WINDOW: No relief measures expected
As is tradition, the day of the budget announcement remains a non-event for many consumers, who know that the finance minister’s speech in the National Assembly will bring little in the way of relief, focusing instead on praising the government’s past measures and setting new budgetary and revenue targets under pressure from the International Monetary Fund (IMF). However, this year’s budget carries greater significance, as consumers are already struggling to make ends mee...
How Average Earners Quietly Build Crores While High Earners Fall Behind
The people who accumulate wealth are often not the smartest investors in the room. They are simply informed enough to avoid major mistakes.
Ogra in disarray amid pricing probe, legal challenges
• Member (oil) steps down after FIA quizzing on price differential claims • Legal cover for appointment of civil servant to head regulator ‘on the cards’ ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) is in disarray after one of its three members stepped down amid pricing investigations, amid a government move to depute civil servants to run the otherwise autonomous regulator. In order to give legal cover to the appointment of civil servants in Ogra, the government has repor...
How Mexican cartels turned South African farms into meth production hubs
Raids on South African farms have uncovered meth labs linked to Mexican networks, signalling a new cartel phase.
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NDIS power couple who complained they were unfairly sacked are given brutal reality check after allegedly misusing hundreds of thousands of dollars
NDIS power couple who complained they were unfairly sacked are given brutal reality check after allegedly misusing hundreds of thousands of dollarsNDIS power couple lose unfair dismissal caseCouple allegedly misused funds READ MORE: Popular Melbourne myotherapist accused of trafficking methBy SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 02:04, 8 June 2026 | Updated: 02:04, 8 June 2026 e-mail View comments