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Islamabad notifies early market closure, again
ISLAMABAD: The capital’s administration has re-imposed restrictions on market timings, once again mandating their closure by 8pm throughout the week. According to a late-night notification, issued by the Islamabad Capital Territory’s district magistrate, all shops, markets and shopping malls will close at 8pm, while restaurants, tandoors, grocery stores, bakeries, meat, fruit and vegetable vendors are to close shop at 10pm. The notification said th...
ECB’s Schnabel Sees Risk of Unanchored Inflation Views From War
The European Central Bank can no longer look through the inflationary impact of the war in Iran as price pressures spread beyond energy and the risk of unanchored inflation expectations rises, according to Executive Board member Isabel Schnabel.
Malaysia Enforces Social Media Ban For Under-16, Platforms Must Verify Age
The rules require social media platforms to implement age-verification systems and block users under 16 from creating accounts. They apply to platforms with at least 8 million users, including Facebook, Instagram, TikTok and YouTube.
Weak Monsoon Forecast Adds to India’s Inflation, Growth Worries
The biggest risk is to rural consumption, a key driver of economic growth.
What To Know As Israel's Lebanon Incursion In 25 Years Complicates Iran Deal
Israel has warned Lebanese civilians across the south to evacuate or risk being in the line of fire. Lebanese PM on Saturday accused Israel of "implementing a policy of total destruction of cities and towns."
Petrol gets cheaper, why doesn’t life?
The federal government recently announced a Rs22 per litre reduction in petrol and high-speed diesel prices. The decision lowered petrol prices from above Rs403 per litre to approximately Rs381.78 per litre and was presented as a measure to provide relief to consumers facing persistent economic pressures. Yet the public response was far from enthusiastic. Instead of celebrations, many citizens reacted with scepticism. Others questioned whether the reduction would make any meaningful difference i...
SoftBank overtakes Toyota to become Japan’s largest company
Demand for AI stocks powers tech giant’s shares, helping it become biggest group by market capitalisation
Yen Defies Record Intervention as Wait for BOJ Hike Raises Risks
Yen traders face a heightened risk of intervention over the next two weeks after Japan’s currency defied historic attempts to prop it up.
Ryan Is Said to Agree to Buy Nordic Tax Adviser Svalner Atlas
Ryan LLC, backed by Neuberger and Onex Corp., has agreed to acquire European tax adviser Svalner Atlas Advisors, according to people familiar with the matter.
The social weight on the new budget
The government must stop shifting the cost of weak revenue mobilisation onto households and the corporate sector and instead offer targeted tax relief to offset the burden imposed in recent years, including a reduction in the petroleum levy. While support for the most vulnerable remains necessary given high poverty levels, sustained job-creating growth is vital. It is unreasonable to tax a monthly income of Rs50,000, which falls below the amount required for a family’s subsistence. To make the t...
Oil industry opposes windfall tax in upcoming budget
• OCAC demands urgent meeting with PM, seeks his intervention • Calls for release of Rs66bn in withheld PDCs; urges Ogra to settle all claims by June 8 • Labels Level-3 EV charger mandates impractical without wide adoption ISLAMABAD: The country’s oil industry has protested the slow disbursement of their price differential claims (PDCs) against cheaper petroleum product supplies to consumers in early days of US-Iran war and proposed tax on windfall inventory gains in the coming budge...
Imports of cotton surge despite lower local prices
LAHORE: Pakistan emerged as the largest buyer of US cotton for the second consecutive week despite a sharp decline in domestic cotton and phutti prices during the Eidul Azha holidays, prompting industry bodies to urge the federal and provincial governments to reduce taxes, energy tariffs and interest rates in the upcoming budgets to support the struggling cotton and textile sectors. Cotton prices recorded a significant fall during the holiday period. In Sindh, cotton prices dropped by Rs2,000 p...
Goldman Sees Two-Sided Risk to Oil as Lower Use Offsets Iran War
Goldman Sachs Group Inc. sees two-sided risks to oil prices as a slump in demand competes with supply losses from the Middle East because of the Iran war.
Kotak Securities, HSBC & more: Top stocks to watch on June 01
UBS has downgraded MCX to neutral but raised the target price to Rs 3,600 from Rs 3,200 earlier. Analysts said that bourse’s peak earnings momentum is likely behind as there’s been elevated volatility across key commodities in recent months.
Commercial LPG gets costlier: Cylinder sees average hike of Rs 47.75 across cities
Commercial LPG prices have risen by up to Rs 53.50 per cylinder nationwide, effective June 1st. This adjustment aims to bolster fuel reserves amid West Asia conflict concerns. The government is pushing for 30 days of LPG reserves and intensifying anti-hoarding measures, assuring sufficient fuel stocks despite import reliance.
MAGA news anchor sends desperate message to president over rising cost of living: 'Your supporters are hurting'
MAGA news anchor sends desperate message to president over rising cost of living: 'Your supporters are hurting'See more Daily Mail on Google - save us as a Preferred SourceBy JAMES GORDON, US NEWS REPORTER Published: 02:27, 1 June 2026 | Updated: 02:27, 1 June 2026 e-mail View comments
‘Before, the land sustained us’: Who benefits from Guinea’s bauxite wealth?
The country has vast reserves of the ore, a source material for aluminium. But citizens still languish in poverty.
Commercial LPG Prices Hiked By Rs 42 In Delhi, Rs 53.5 In Kolkata Amid Iran war
In Delhi, a 19-kg commercial cylinder cost Rs 1,691.50 in January. With repeated revisions, the price has now climbed to Rs 3,113.50.
India Rate Risks, Fiscal Worries Add to Pressure on Bond Yields
The recent surge in Indian bond yields may extend as investors weigh prospects of interest-rate hikes, while concerns grow over the government’s fiscal position.
Put a £5 deposit on vapes to stop littering, say waste companies
Put a £5 deposit on vapes to stop littering, say waste companiesJust nowShareSaveAdd as preferred on GoogleBen KingBusiness reporterGetty ImagesDisposable vapes were banned a year ago but some now want remaining 'loopholes' to be closedWaste companies have called for a deposit of up to £5 to be charged on vapes to encourage people to dispose of them properly. Disposable vapes were banned a year ago, partly because of the issues they cause for bin lorries and waste facilities when thrown away wit...