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FinMin warns prolonged Gulf conflict may raise risks despite economic resilience
Finance Minister Aurangzeb on Saturday said Pakistan’s economy remained stable amid rising global uncertainty triggered by the Gulf conflict, but warned that prolonged geopolitical tensions could weigh on inflation, growth, and external balances. In an interview with China Global Television Network (CGTN)’s programme The Heat, Aurangzeb said the government was currently managing the “first-order impact” of surging energy prices through careful procurement, pricing s...
US allows sales of Russian oil loaded before April 17 to continue until May 16
The general license replaces the previous one, which expired on April 11
Fermi Shares Plunge After Announcing Departure of CEO
Fermi shares fell as much as 31% in post-market trading after the developer behind a massive planned AI campus in Texas announced the immediate departure of co-founder and Chief Executive Officer Toby Neugebauer.
17 banks get govt nod to import bullion
The delay in the issuance of the list of banks authorised to import gold and silver had “effectively halted gold imports” into the country, Madhavi Arora, Chief Economist at Emkay Global Financial Services, said.
Indian refiners purchase Iranian oil, pay in yuan
India Business News: New Delhi: Using the one-month window provided by a temporary US sanctions waiver, Indian refiners purchased Iranian oil and settled payments in Chine.
Dubai gold buyers return ahead of Akshaya Tritiya on price dip
Dubai: Gold retailers across the UAE are heading into Akshaya Tritiya with stronger momentum than last year, supported by a recent easing in prices, early buying activity, and a change in how residents are approaching purchases this season.Sign up for our daily business newsletter, Cheques & Balances.Footfall has been building steadily in the run-up to the festival, with buyers moving earlier than usual to secure designs and lock in rates. Conversations at retail counters are more deliberate, wi...
Stocks soar and oil prices plunge as Iran says Strait of Hormuz is open
With word of the Strait of Hormuz reopening, the stock market soared on Friday. Oil prices dropped about 10%, and as a result, gas prices ticked downward. Kelly O
Shock therapy: war forces oil-addicted Asia to finally go green
The age of cheap oil is over and Thailand’s rooftops are reflecting that fact. Across homes, garages and warehouses in the sun-drenched kingdom, the blue-black sheen of solar panels is spreading, as the Iran war has done what years of climate summits could not: turn solar power into a necessity. Demand for solar panels has swamped companies like Wayso, whose managing director is colouring in Thailand’s rooftops as fast as he can find technicians to do it. “We can’t hire quickly enough,” Suwat...
Mortgage rates show signs of falling after Iran war peak
Mortgage rates show signs of falling after Iran war peakJust nowShareSaveAdd as preferred on GoogleKevin PeacheyCost of living correspondentGetty ImagesMajor mortgage lenders are making "meaningful" cuts to the rates on new deals, bringing some solace to first-time buyers hit by the economic impact of the Iran war.Money markets are reacting to hopes of a long-term truce in the war so the recent rapid rise in borrowing costs has halted and is now starting to reverse.Experts say there is...
'I'm the lucky one' - more than one in three young men now live with their parents
'I'm the lucky one' - more than one in three young men now live with their parentsJust nowShareSaveAdd as preferred on GoogleEleanor LawrieSocial affairs reporterFamily handoutNathan says he has saved £50,000 by living with his father in ManchesterMore than one in three young men in the UK were living with their parents in 2025, up from 26% in 2000, according to data from the Office for National Statistics (ONS).The increase is being driven by high renting costs and rising house p...
Wall Street Week | Paulson on Iran War, Energy Market Disruptions, Copper Supply Strain, Tax Debate
This week, Former Treasury Secretary Hank Paulson warns the biggest economic risk from the Iran war may come from global shocks spilling into US markets. Plus, How rising demand for copper is outpacing supply, exposing gaps in US production and increasing reliance on imports. Later, are the wealthiest Americans paying their fair share, or does the tax system allow too much income to go untaxed? (Source: Bloomberg)
‘Big four’ mobile firms outperformed by smaller rivals in annual survey
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To cut LPG transport via road, government plans new pipelines
India Business News: New Delhi: Aiming to eliminate bulk transportation of liquefied petroleum gas (LPG) through roads by 2030, the Petroleum and Natural Gas Regulatory Bo.
DWP statement as Motability mileage allowance cut in half
DWP statement as Motability mileage allowance cut in halfThe Department for Work and Pensions has responded after Motability halved the annual mileage allowance with users facing a 25p charge on every mile beyond thatCommentsMoneyBen Hurst23:26, 17 Apr 2026View ImageSir Stephen Timms, Minister of State for Social Security and Disability said a quarter of Motability users would be hit by the change(Image: Parliament TV)The Department for Work and Pensions has responded following Motability's...
Blue Owl Co-CEOs’ Personal Loans No Longer Backed by Firm Shares
Blue Owl Capital Inc. Co-Chief Executive Officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove the company’s shares as collateral, after turmoil in the private credit market hammered the stock’s value in recent months.
Here's what the San Diego Padres record $3.9 billion sale means for Major League Baseball
Friday morning, news broke that the San Diego Padres organization had officially been sold. And that news effectively ended much of the debate, disagreement, and complaints about the market size disparities in modern Major League Baseball.For over a decade, the Seidler family, primarily the late Peter Seidler, owned and operated the Padres. And they turned a perennially bottom-feeding franchise into a juggernaut. How? By treating a competitive sport like a competitive sport, and investing heavil...
Spirit Airlines reached out to Trump administration for emergency bailout
U.S. Spirit Airlines reached out to Trump administration for emergency bailout By Kris Van Cleave Kris Van Cleave Kris Van Cleave Emmy Award-winning journalist Kris Van Cleave is the senior transportation correspondent for CBS News based in Phoenix, Arizona, where he also serves as a national correspondent reporting for all CBS News broadcasts and platforms. Read Full Bio Kris Van Cleave April 17, 2026 / 6:13 PM EDT / CBS News Add CBS News on Google Spirit Airlines has approached the Trump admin...
Rosner on Credit Markets Amid Geopolitical Tension
Lindsay Rosner, Head of Multi Sector Fixed Income at Goldman Sachs Asset Management, discuss the current state of credit markets amid geopolitical tensions and private credit challenges. Rosner highlights that while credit spreads remain tight, the all-in yield remains attractive to investors. She speaks with Katie Greifeld on “Real Yield.” (Source: Bloomberg)
Chinese manufacturers recalibrate overseas expansion plans in wake of Iran war
With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. When Lawrence Wong decided to set up a toy factory in Vietnam last year, he had a clear plan: 600 square metres (6,458 sq ft) of floor space at the start of 2026, with...
Airlines cut routes in response to rising jet fuel costs amid Iran war
MoneyWatch Airlines cut routes in response to rising jet fuel costs amid Iran war .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo Updated on: Ap...