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IMF Says Egypt Has Built Buffers to Tackle Shocks as Pound Gains
The International Monetary Fund said Egypt’s economic reforms and stronger buffers are enabling the country to better weather external shocks, as the local pound reverses some losses after the Iran war ceasefire.
Sugarcane cultivation banned in Katcha areas
In a move to improve law and order, authorities have imposed a ban on sugarcane cultivation near roads and police check posts in the riverine (Katcha) areas of Rahim Yar Khan and adjoining Rajanpur districts. The restriction has been enforced under Section 144, with both district administrations issuing formal notifications. Officials said the decision aims to limit the movement of criminal elements and assist law enforcement agencies in carrying out effective operations in the crime-prone bel...
چین: از حملات جمهوری اسلامی به کشورهای خلیج فارس حمایت نمیکنیم
نماینده چین در مجمع عمومی سازمان ملل گفت پکن از حملات جمهوری اسلامی به کشورهای خلیج فارس حمایت نمیکند و بر حفظ امنیت و آزادی ناوبری در تنگههای بینالمللی تاکید دارد. او از تهران خواست هرچه سریعتر وضعیت عادی کشتیرانی در تنگه هرمز را بازگرداند.
Gas cylinder prices surge in Karachi after loadshedding
PakistanGas cylinder prices surge in Karachi after loadsheddingBy Web Desk-Apr 16, 2026KARACHI: Following the intense, unannounced gas load-shedding, people in the megacity are being forced to purchase a liquefied petroleum gas (LPG) cylinder, but unfortunately, the cost of these cylinders has also surged, adding to their financial strain. According to local market estimates, fibre gas cylinders, ranging from 5kg to 13kg, are being sold between Rs. 7,500 and 13,500. Meanwhile, smaller iron cylin...
What is the price of gold today: April 16, 2026?
MoneyWatch: Managing Your Money What is the price of gold today: April 16, 2026? 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 Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and e...
Oil Prices to Have Muted Impact on Economy, UBS's Lovell Says
Nadia Lovell, UBS Global Wealth's head of global equity strategy, discusses the impact of rising oil prices on the US economy and corporate earnings during an interview on "Bloomberg Open Interest." (Source: Bloomberg)
Iran war fuels summer misery fears with food and flights in peril
Iran war fuels summer misery fears with food and flights in perilWith no end in sight for the Middle East conflict, families risk some summer food shortages as a top official said Europe has "maybe six weeks of jet fuel left"NewsGraham Hiscott Business and Consumer Editor15:23, 16 Apr 2026View 5 ImagesLabour peer says those who can should consider buying extra tinned food and other essentialsHouseholds were advised to consider stocking up on certain goods as the Iran war chaos threaten...
Kering CEO Backs Demna as Creative Director of Gucci (Video)
Kering CEO Luca de Meo discusses the impact of the war in the Middle East on sales, the firm's partnership with ICCF, the Chinese owner of Icicle, and Demna's role as creative director of Gucci. Demna is "one of the greatest of his generation," de Meo says. "He has now in his hands one of the most beautiful brands in the sector, so I'm pretty optimistic that everything will work," he adds. De Meo speaks to Bloomberg's Caroline Connan in Florence, Italy.
NPR receives $113 million in charitable gifts
"My hope is that this commitment provides the stability and the spark NPR needs to innovate boldly and strengthen its national network," says Connie Ballmer, who gave $80 million of the $113 million.(Image credit: Anna Moneymaker/Getty Images)
Leaked: The property tax revolution plotted for Australia. Secret plan reveals Jim Chalmers' radical changes for capital gains taxes - including a twist no one expects
Leaked: The property tax revolution plotted for Australia. Secret plan reveals Jim Chalmers' radical changes for capital gains taxes - including a twist no one expectsLabor's preferred capital gains tax tweaks revealedNegative gearing changes still under consideration By PETER VAN ONSELEN, POLITICAL EDITOR, AUSTRALIA Published: 15:15, 16 April 2026 | Updated: 15:15, 16 April 2026 e-mail View comments
CD&R-Backed Multi-Color Wins Approval of Debt Restructuring
Private equity backed Multi-Color Corp won court approval for a restructuring plan that cuts nearly $4 billion in debt, clearing the way for the label maker to exit Chapter 11 after striking a deal with a dissenting lender group.
Morocco, OPEC Fund Sign €500 Million Development Framework
Agadir – Morocco and the OPEC Fund for International Development have signed a new Country Partnership Framework aimed at supporting the country’s development priorities over the 2026-2028 period. The OPEC Fund is a financial institution established to fund countries beyond its membership. It provides financial support in many areas such as infrastructure, agriculture, health, education, water and climate actions. “With an indicative budget of around 500 million euros over the period 2026-...
African nation ranks second globally for highest fuel prices – data
Malawi tops Africa and is behind only Hong Kong globally, according to GlobalPetrolPrices Malawi has recorded the highest gasoline prices in Africa and the second highest globally, reaching $3.84 per liter as of Monday, according to data from analytical portal GlobalPetrolPrices. The southeastern African nation also leads the continent in diesel prices, with fuel costing $3.85 per liter. Malawi is second only to Hong Kong globally in both the gasoline and diesel rankings. In the Afr...
Royal Mail reaches deal with union over second class post reforms
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Mythos Poses Risk to SEC Market-Tracking Database, Group Says
Anthropic PBC’s new artificial intelligence model Mythos could put traders and the broader financial system at risk through a Securities and Exchange Commission database, the American Securities Association said Thursday.
SNP manifesto pledge to cap food prices ‘undeliverable’, says UK Government
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PepsiCo Beats on Salty Snacks Rebound, Beverage Innovation
Bloomberg Intelligence's Kenneth Shea discusses PepsiCo's strong earnings performance, highlighting a rebound in salty snack sales and successful innovation in the beverage segment. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
OCP Completes $1.5 Billion Hybrid Bond Issuance on International Markets
Rabat – The OCP Group, Morocco’s giant fertilizer group, has conducted its hybrid bond issuance on global capital markets for a total amount of $1.5 billion. Financial Afrik reported on Wednesday that the Moroccan group has launched Africa’s first hybrid corporate bond issuance in dollars. After engaging in a “series of calls “ with institutional investors. “BNP Paribas, Citi, and J.P. Morgan has been appointed as bookrunners. The operation will involve perpetual subordinated bonds with fl...
Gold is rising slowly: Should you expect a big move soon?
Gold is rising slowly Should you expect a big move soon
Trump, administration officials differ on when gas prices may fall as Iran war continues
President Trump continues to say the Iran war is "very close to over," but no new peace talks have been confirmed. Meanwhile, gas prices remain elevated, and while Mr. Trump says they'll plummet "very soon," Treasury Secretary Scott Bessent has a different timeline. Weijia Jiang reports.