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Triple lock 10 per cent warning as Iran war could spike inflation
Triple lock 10 per cent warning as Iran war could spike inflationState pension payments go up each April in line with the triple lock policyCommentsMoneyNicholas Dawson11:22, 12 Apr 2026View 2 ImagesState pension payments go up in line with the triple lock(Image: Getty)The triple lock mechanism could deliver another substantial boost to the state pension next April. State pension payments underwent an increase of 4.8 per cent in April thanks to the policy.The Government measure ensures that pay...
ADX firms deliver Dh200 billion profit with 98% disclosure compliance
Dubai: Companies listed on Abu Dhabi Securities Exchange reported combined net profits exceeding Dh200 billion for 2025, alongside a 98% compliance rate in audited financial disclosures, highlighting a market environment backed by strong governance and consistent investor engagement.Sign up for our daily business newsletter, Cheques & Balances.The exchange said 99 out of 101 listed companies submitted audited results within the mandated 90-day period, with the remaining firms operating on differ...
EOBI issues recent financial figures
ISLAMABAD: The Employees’ Old-Age Benefits Institution (EOBI) investment portfolio reached Rs 691.91 billion as of February 28, with fixed-income instruments continuing to dominate its asset mix and income generation. According to documents available with Wealth Pakistan, fixed-income assets account for Rs 592.12 billion, or 85.58 percent of the total portfolio. Within this category, Pakistan Investment Bonds (PIBs) form the backbone at Rs 540.35 billion, with accrued profit of Rs 49.61 billion....
The states revealed as best to start a family amid cratering belief in the American Dream
For those chasing the American dream, a new study has some insightful information about what it takes to attain it – along with data that might determine the best states to set down roots.Declining marriages and broken families are crippling predominantly blue states, while red states thrive with better economic mobility, education and lower crime, according to a 2026 Family Structure Index released Tuesday by the Ohio-based Center for Christian Virtue.In partnership with the Institute for Famil...
ADNOC Gas, Fertiglobe named top picks in Bernstein’s MENA energy call
Dubai: Bernstein has initiated coverage on the MENA energy sector with a bullish view on UAE-listed ADNOC Gas and Fertiglobe, naming both among its top investment picks and pointing to strong cashflow visibility, sovereign backing and disciplined capital structures.Sign up for our daily business newsletter, Cheques & Balances.The global equity research firm, backed by Societe Generale and AllianceBernstein, said the UAE’s energy model stands out for its ability to convert state-owned assets into...
Event Bets Pose a Problem for Wall Street Firms Looking to Trade
Prediction markets are booming. Wagers on everything from the return of Jesus Christ to who will win the World Cup have driven weekly volumes on platforms like Polymarket and Kalshi into the billions of dollars.
Economic shock of Middle East war to cast shadow over IMF, World Bank meetings
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia's full-scale invasion of Ukraine in 2022. Top officials at the International Monetary Fund (IMF) and the World Bank last week said they would downgrade their forecasts for global growth and raise their inflation forecasts as a result of the w...
Saudi Arabia says key oil pipeline back to full capacity after attacks
The Ministry of Energy says the East-West pipeline is back to pumping about 7 million barrels per day.
Legendary Bollywood singer Asha Bhosle dies aged 92
Bhosle recorded more than 12,000 songs in multiple Indian languages over a seven decade career.
Chery looking to expand car production
Chery is looking to expand car production in Europe through partnerships with other automakers allowing it to use existing factories, top executives at the Chinese carmaker said at an event in Paris. “The company is looking for other production capacities in Europe,” Lionel French Keogh, chief commercial officer for France for Chery Automobile told Reuters on the sidelines of a launch event for the automaker’s Omoda and Jaecoo brands in France held late on Friday. Chery Chair...
عضو هیات رییسه مجلس: واحدهای تولیدی توان بازپرداخت اقساط خود را ندارند
علیرضا سلیمی، عضو هیات رییسه مجلس، گفت واحدهای صنعتی و تولیدی کشور بهدلیل شرایط جنگی با کاهش یا توقف فعالیت مواجه شدهاند و توان بازپرداخت اقساط وامهای خود را ندارند.
Economic shock of Middle East war to cast shadow over IMF, World Bank meetings
Top finance officials from around the world will convene in Washington this week under the shadow of the war in the Middle East, which has delivered a third major shock to the global economy after the COVID pandemic and Russia’s full-scale invasion of Ukraine in 2022. Top International Monetary Fund and World Bank officials last week said they would downgrade their forecasts for global growth and raise their inflation predictions as a result of the war, warning that emerging markets and...
The Ivy owner Richard Caring dubbed the 'King of Mayfair' sells his restaurant empire to Abu Dhabi sheikh in £1.4bn deal
The Ivy owner Richard Caring dubbed the 'King of Mayfair' sells his restaurant empire to Abu Dhabi sheikh in £1.4bn dealDo YOU have a story? Email Sam.Lawley@dailymail.co.uk By SAM LAWLEY, NEWS REPORTER Published: 09:56, 12 April 2026 | Updated: 10:03, 12 April 2026 e-mail View comments
Martin Lewis shares insider tip to get extra discounts on household bill
Martin Lewis shares insider tip to get extra discounts on household billHe spoke about what to include in a message if you are contacting your providerCommentsMoneyNicholas Dawson09:53, 12 Apr 2026View 2 ImagesMartin Lewis shared some tips on his BBC podcast(Image: ITV)Martin Lewis has tackled a question about getting the biggest savings possible on household expenses. The financial journalist offered his insight after fielding a particularly detailed question on his BBC podcast.A listener rang...
Ivy, Annabel’s and Scott’s sold in £1.4 billion deal to UAE-backed DIAFA
Dubai: DIAFA, a luxury hospitality platform backed by International Holding Co., has acquired a majority stake in Richard Caring’s restaurant and private members’ club portfolio for about £1.4 billion, taking control of brands including The Ivy, Annabel’s, Scott’s, Sexy Fish and Harry’s Bar, according to statements and reports from The Sunday Times and Bloomberg.Sign up for our daily business newsletter, Cheques & Balances.The transaction brings together the Ivy Collection, Caprice Holdings’ res...
World urges US–Iran dialogue after Islamabad Talks end without deal
World figures urged the United States and Iran to keep negotiating after marathon Washington-Tehran talks in Islamabad ended on Sunday without a deal to end the war in the Middle East. Pakistan urges ceasefire “It is imperative that the parties continue to uphold their commitment to cease fire,” said Pakistan’s foreign minister Ishaq Dar, whose government hosted the talks and acted as a mediator. “Pakistan has been and will continue to play its role to facilitate engageme...
India Forex Regulator Criticizes Banks’ Rupee Arbitrage Trades
A senior Reserve Bank of India official criticized foreign-exchange market makers for their role in aggravating the rupee’s weakness during the Middle East tensions, as the regulator keeps up its tough messaging stance in its defense of the currency.
Forget Hong Kong and Singapore, Philippines housing is least affordable: survey
Hong Kong and Singapore routinely top global rankings of unaffordable cities. Yet it is the residents of Manila, Colombo and Yangon who are far more likely to tell pollsters they cannot afford shelter. The Philippines recorded the world’s highest share of people reporting difficulty affording housing in a new survey from US-based firm Gallup, with 55 per cent saying they had struggled to pay for shelter in the past 12 months. Sri Lanka followed at 54 per cent, Myanmar at 49 per cent and Thailand...
Rachel Reeves issues warning on cost of Iran war and teases support package
Rachel Reeves issues warning on cost of Iran war and teases support packageChancellor Rachel Reeves admitted the scale of the costs of the Iran war are not yet known but repeated her vow to 'provide support for those who need it most' in the UKCommentsNewsSophie Huskisson Political Correspondent08:58, 12 Apr 2026View 2 ImagesRachel Reeves has warned “the war in Iran will come at a cost to British families and businesses”(Image: PA)Rachel Reeves has warned “the war in Iran will come at...
Hong Kong balancing financial security, innovation as nation’s ‘firewall’: Paul Chan
Hong Kong has struck a balance between financial security and innovation in its strategic roles as a “testing ground” and “firewall” for the nation’s reform and opening up, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po said on Sunday that security was core to the objective of achieving high-quality development as geopolitical tensions fuel risks in global financial markets and energy supplies. As Hong Kong rolled out the first batch of stablecoin licences last week, the....