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FinMin seeks input for budget
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a virtual meeting with presidents and senior office bearers of chambers of commerce and business entities from across the country to discuss the prevailing economic situation, upcoming budget priorities, and avenues for strengthening economic recovery and growth, according to an official statement from the finance ministry on Thursday. The meeting, which lasted nearly 90 minutes, was also attended by Minister of St...
Urea smuggling risk alarms minister
Federal Minister for National Food Security Rana Tanveer Hussain chaired a high-level meeting of the Fertiliser Review Committee to review the supply-demand situation of urea and other key fertilisers, with a special focus on the ongoing Rabi season, Kharif 2026 projections and preparedness for Rabi 2026-27, according to a statement issued by the Ministry of National Food Security & Research on Thursday. The meeting was informed that the urea situation during the Rabi season remained l...
Chinese tyre firm to invest $120m
Federal Minister for Commerce Jam Kamal Khan held a meeting with Jin Yongsheng, chairman of Service Long March Tyres (Private) Limited, and his delegation to discuss investment expansion, export growth and tariff policy support for Pakistan's tyre industry, according to an official statement issued on Thursday. During the discussion, the company announced an additional investment of $120 million in Pakistan, reaffirming its confidence in the country's industrial and economic potent...
Mild pullback follows record surge at PSX
The Pakistan Stock Exchange (PSX) on Thursday witnessed a volatile yet largely range-bound session following a record-breaking day in its history as the benchmark KSE-100 index slipped by around 300 points. The decline came after the previous session's sharp 9% surge, with investors adopting a cautious stance amid mixed signals and heightened geopolitical uncertainty, including Israel's attacks on Lebanon just after the truce between the US and Iran. The market experienced signifi...
Forbes Unveils New Self-Made 250 List Featuring America’s Trailblazing Leaders Who Rose From Adversity To Build Their Own Success
Forbes today announced the launch of its Self-Made 250 List, the latest installment of its Forbes 250 initiative, which explores how innovation, ambition and resilience continue to redefine the American Dream in the 21st century.
Morocco to Add 15 New Hilton Hotels Ahead of 2030 FIFA World Cup
Casablanca – Morocco is set to more than double Hilton’s footprint as the global hotel group moves to open 15 new properties, part of a wider tourism investment push tied to the country’s fast-rising visitor numbers and preparations for the 2030 FIFA World Cup. Tourism Minister Fatim-Zahra Ammor met in Rabat on Wednesday with Hilton President and CEO Christopher J. Nassetta to review the group’s expansion plans and discuss how to speed up the development of its hotel portfolio in Morocco. SMIT...
How the Iran ceasefire could impact the U.S. economy
CBS News business analyst Jill Schlesinger breaks down when Americans could see relief at the gas pump and how the temporary Iran ceasefire could impact consumer spending and the U.S. economy.
Four in 10 UK parents struggle to afford essentials for newborns, study says
Exclusive: Survey of 2,000 people by Barnardo’s also finds almost half feel their child has missed opportunities due to costUK politics live – latest updatesFour in 10 parents across the UK are struggling to afford essential items for the care of their newborn babies, according to research.The survey of 2,000 parents with children aged under five by the charity Barnardo’s found that almost half (49%) felt their child had missed out on opportunities to learn or play because of the cost of living....
IMF Chief Says Oil Shock Tests a World With Little Fiscal Buffer
The International Monetary Fund said that the conflict in the Middle East is a major supply shock that will test the resilience of a world with limited scope for fiscal support, even as US and Iran have negotiated a two-week ceasefire.
Head of IMF says Iran war will permanently scar global economy even if peace is reached
Kristalina Georgieva says even ‘most hopeful scenario’ will lead to growth downgrade and cause permanent hit to living standardsBusiness live – latest updatesThe head of the International Monetary Fund has warned that the Iran war will permanently scar the global economy even if a durable peace deal in the Middle East can be reached.In a speech delivered as the ceasefire in the conflict threatens to unravel, Kristalina Georgieva said the “scarring effects” caused by the war to date would mean sl...
CVC Said to Seek Partners to Back €10.9 Billion Recordati Deal
CVC Capital Partners Plc is seeking co-investors to help bankroll its proposed €10.9 billion ($12.7 billion) takeover of Italian drugmaker Recordati SpA, according to people familiar with the matter.
US Consumer Spending Muted as Inflation Persists
US consumer spending barely rose in February and the so-called core personal consumption expenditures price index increased 0.4% from January and 3% from the prior year. Recurring jobless claims fell to a nearly two-year low and Inflation-adjusted gross domestic product increased at a 0.5% annualized rate in the fourth quarter. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)
Is the world economy heading towards stagflation?
Is the world economy heading towards stagflation?
UK spending on foreign aid hits lowest level since 2008
Government allocated 0.43% of national income to aid in 2025, with total spend down £1bn on previous yearThe UK government’s spending on foreign aid has hit its lowest level in nearly two decades, figures show, as humanitarian experts warn the cuts are costing lives.Provisional data shows the government allocated 0.43% of national income to official development assistance (ODA) in 2025, a decrease from 0.5% in 2024 and matching the level in 2008. Continue reading...
Britain's 'most beautiful coin' sold for £110,000
Britain's 'most beautiful coin' sold for £110,0001 hour agoShareSaveAdd as preferred on GoogleMatthew RichardsBBC WalesRogers Jones and CoFewer than 300 "Una and the Lion" five pound coins were produced, including one found in Bangor A coin considered the "most beautiful" ever minted in Britain has sold at auction for £110,000.The "Una and the Lion" five-pound coin was part of a private collection found during a probate valuation at a house near Bango...
Paramount M&A Loan Cut to $49 Billion as Lending Group Swells
Bank of America Corp. and Citigroup Inc. have sold down a multi-billion dollar bridge loan backing Paramount Skydance Corp.’s takeover of Warner Bros. Discovery Inc. to a wider group of banks, a key step in one of the biggest M&A financings of the year.
Lidl to open 50 UK stores in year ahead as part of £600m expansion plans
Almost 2,000 jobs will be created, with retailer vying to overtake Morrisons as Britain’s fifth largest supermarket Lidl is to open 50 new UK stores in the year ahead as it aims to overtake Morrisons as the country’s fifth largest supermarket chain.The German-owned retailer, which now has more than 1,000 British stores, said it planned to invest more than £600m in UK growth, creating almost 2,000 jobs as it expands its warehouse and logistic network to supply its new outlets. Continue reading...
A 1,300% Rally Turns a Tiny Shipping ETF Into an Iran War Gauge
Every twist in the Iran conflict — every ceasefire bet, every missile strike, every shift in tanker traffic — shows up almost instantly in a $65 million exchange-traded fund that most investors have never heard of.
OpenAI pulls out of landmark £31bn UK investment
Artificial intelligence company cites high energy costs and regulation as reasons for putting Stargate project on holdOpenAI has put plans for a landmark project to strengthen the UK’s AI capabilities on hold, citing high energy costs and regulation.Stargate UK was a part of the landmark UK-US AI deal announced last September, in which US companies appeared to commit £31bn to the UK’s tech sector, part of a larger series of investments intended to “mainline AI” into the British economy. Continue...
Iran ceasefire hasn't lowered gas prices yet. How long will they stay elevated?
Despite the ceasefire with Iran, gas prices in the U.S. remain high. The national average is $4.17 per gallon, according to AAA. Kelly O