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Indian Bank Stocks’ $95 Billion Rout May Deepen on Macro Risks
More pain awaits Indian banks stocks — the biggest component of the country’s stock market — as the central bank’s moves in the currency market and growth shock to the economy from rising energy prices dent profit outlook.
Crude prices jump sharply: WTI at $114, Brent at $111 on renewed geopolitical risk, supply concerns
US crude (WTI) traded above $114 per barrel and surpassed Brent crude, an unusual inversion that underscores deepening market stress. Brent — the global benchmark — was above $111, while UAE Murban crude climbed above $114.8, marking strong demand for barrels that can be moved outside chokepoints like the Strait of Hormuz.Urals crude, the Russian benchmark, stayed elevated at $121.17, up $15.44, or 14.60%, as of 7.38am on Monday (April 6, 2026) Tokyo | 10.38pm GMT (April 5, 2026). Natural gas p...
40 percent of people helped by Los Angeles mayor’s $300M homeless project have returned to the streets, report finds
NewsWorldAmericas40 percent of people helped by Los Angeles mayor’s $300M homeless project have returned to the streets, report findsLocal programs to combat homelessness also face Trump administration’s attempts to cut off fundingKatie Hawkinson in Washington, D.C. Sunday 05 April 2026 23:34 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark"...
UAE becomes top 10 global exporter, from $949 billion in 2021 to $1.637 trillion 2025, WTO figures show
ABU DHABI: In a historic first, the UAE has become one of the world’s top 10 exporting countries, according to the latest figures from the World Trade Organisation’s (WTO) “World Trade Prospects and Statistics” report. This achievement reflects the UAE’s position as a vital hub on international supply chains and its growing contribution to the wider global economy.The WTO report noted that the UAE’s goods and services trade has risen significantly in recent years, increasing from US$949 billion...
Petrochemical revolution: Iran's 37% production jump on horizon
TEHRAN- Based on formulated strategic plans, Iran’s petrochemical industry will see a 37% leap in production capacity by the Iranian year 1412 (2033–2034) through the implementation of 66 new projects and the completion of 45 semi-finished projects.
How China fell for a lobster: What an AI assistant tells us about Beijing's ambition
How China fell for a lobster: What an AI assistant tells us about Beijing's ambitionJust nowShareSaveAdd as preferred on GoogleFan WangandYan ChenAFP via Getty ImagesAI agent OpenClaw sparked a frenzy in China in March, with users "raising lobsters" - training the tool to suit their needs"Are you a lobster?" is the first question Wang had for the BBC.He had been so consumed recently by the AI assistant OpenClaw - which in China has earned the name "lobster" - t...
Andrew Tilton on China’s growth prospects, economic trajectory in wake of Iran war
Andrew Tilton, chief Asia-Pacific economist at Goldman Sachs, speaks to the South China Morning Post about the long-term future of China’s economy after the “two sessions” in Beijing and ahead of an expected Xi-Trump summit – all during an oil crisis sparked by the US-Israel war against Iran. For other interviews in the Open Questions series, click here. What impact will the oil shock arising from the Iran war have on the growth of Asian economies this year? Asia is greatly affected by the war.....
Two-child benefit cap comes to an end with aim of lifting 450,000 out of poverty
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How The Estate Dairy turned £5000 into a £26m milk empire that's served at The Ritz
It's ten years since Shaun Young and his now-wife Rebecca, who grew up on a family farm that supplied milk to the supermarkets, launched Estate Dairy. Over the decade, it's grown to a £26 million-a-year business, which has been profitable from day one and employs 80 people.
Trading Open Shadowed by Trump Escalation Threats: Markets Wrap
US President Donald Trump’s warning that he may significantly escalate the war in Iran, potentially worsening an energy-price shock that’s already upending the global economic outlook, is shadowing stock, bond and oil markets before the start of the trading week.
Moore: Ending foreign wars ‘best thing that we could do’ to lower gas prices
Maryland Gov. Wes Moore (D) said during an interview broadcast Sunday that ending foreign wars is “the best thing that we could do” to lower gas prices — comments that come amid the U.S.-Israeli conflict against Iran. “There’s been some conversation in this state, at least, about possibly waiving the gas tax for a little…
Commodities worth $225.8m exported from Qom province in a year
TEHRAN- Esfandiar Darikvandi, the director- general of Qom Province ‘s Customs Department, said that commodities worth $225.8 million were exported from the province in the past Iranian calendar year 1404 (ended on March 20).
‘Iran, with a population of 90 million, has no shortage of essential goods’
TEHRAN- The Minister of Agriculture, referring to the experience of a challenging year marked by two wars, stated that despite having a population of 90 million, Iran has so far faced no shortage in the supply of essential goods and food.
Nottingham grocery store owner 'masterminded £40m cigarette smuggling network'
EXCLUSIVE: Nottingham grocery store owner 'masterminded £40m cigarette smuggling network'Hasan Ferhat Baybasin has been arrested as part of an international anti-mafia investigation into a vast network of tobacco smugglers moving huge illegal shipments around the worldNewsTom Pettifor Crime Editor20:02, 05 Apr 2026View 7 ImagesHasan Ferhat Baybasin appeared in court last week(Image: Europol)The owner of a Nottingham grocery store has been arrested on suspicion of masterminding a £40mil...
Tanzania seeks new markets amid meat export disruptions
Tanzania is urgently seeking ways to safeguard its growing meat export industry after export volumes have significantly declined in recent weeks due to cargo disruptions linked to the ongoing conflict in the Middle East.According to data from the Tanzania Meat Board, weekly meat shipments dropped from approximately 387 tonnes during the week of February 7–14, 2026, to about 147 tonnes between March 7–14, representing a 62 percent decline in just one month. Exporters attribute this decrease to re...
Sheikh Mohammed: The UAE is among top 10 global exporters for first time
Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced that the UAE has entered the world’s top 10 exporters of goods for the first time, according to the latest report by the World Trade Organisation (WTO).In a post shared on his X account, Sheikh Mohammed said that the UAE advanced from 17th to 9th globally within just five years, underscoring the country’s accelerating economic growth and global trade com...
Tax day is next week: Avoid these 5 common mistakes that can cost you money
Tax season is stressful enough, but avoidable mistakes can turn a routine filing into an expensive headache.With Tax Day just 10 days away, even small errors can mean the difference between a smooth refund and frustrating delays. In some cases, they can even trigger IRS notices or unexpected penalties.Here are five common filing missteps to watch out for and how to avoid them:Your filing status is one of the most important choices on your tax return because it helps determine your tax rate, your...
‘Affordability’ could eventually bite Democrats in the bum
Democrats are focusing on affordability in the midterm elections, but without a longer-term vision, they risk being exposed for 2028 and beyond, as there is no quick fix to the entrenched economic realities facing Americans.
Provinces take coordinated action to ease fuel burden
In response to the ongoing global energy crisis triggered by the conflict in the Middle East, the governments of Balochistan and Khyber-Pakhtunkhwa (K-P) announced strict energy conservation measures, while Sindh moved to freeze transport fares to provide relief to the public. Both Balochistan and K-P governments set early market closing times to conserve energy, control electricity production costs, and provide relief to citizens affected by escalating global fuel prices. A notification...
K-P unveils Rs1tr package for merged districts
Khyber-Pakhtunkhwa (K-P) Chief Minister Sohail Afridi on Sunday announced a massive Rs1 trillion development package for the merged districts of the K-P, with Rs400 billion earmarked for health and education. Speaking at the Bajaur Sports Complex after meeting leaders of the Qaumi Aman Jirga, Afridi said the development plan would cover key sectors aimed at improving living standards in the districts. The chief minister said the PTI's provincial government is committed to ensuring tha...