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Nippon Life Books Its First Impairment Loss in Current Bond Rout
Nippon Life Insurance Co. booked an impairment loss on its Japanese government bonds, signaling that some of the paper losses on the debt holdings have climbed to levels that require writedowns.
B&Q sales hit by wet Easter but it hopes to gain in heatwave
Kingfisher, owner of the DIY chain, is top FTSE 100 riser after it says it will stick to full-year profit outlookBusiness live – latest updatesA wet and cold Easter hit sales of barbecues and garden products at the home improvement chain B&Q, but it hopes to make up lost ground during the current heatwave.B&Q owner Kingfisher, which also owns Screwfix in the UK, as well as Castorama and Brico Dépôt across six European countries, said like-for-like sales (at outlets open at least a year) in the U...
Sri Lanka Took Steps to Boost Dollar Liquidity, Governor Says
Sri Lanka’s central bank took steps to boost dollar liquidity in the interbank market as part of a series of measures to curb excessive depreciation in the rupee, Governor Nandalal Weerasinghe said.
At Quad Meet, A $20 Billion Deal To Break China's Grip on Critical Minerals
The Quad Critical Minerals Initiative, announced at the conclusion of a Foreign Ministers' meeting in New Delhi, establishes a structured cooperation framework.
Social Media Pushes Renting Over Buying. But Gen Z Data Tells Another Story
While renting and flexible lifestyles dominate social media chatter, young buyers increasingly see real estate as a long-term wealth creation tool
US immigration authority: This year’s H-1B season is wrapping up; here are three key highlights
USCIS reports significant changes in the H-1B visa season, with a focus on higher-skilled foreign workers. This year, 71.5% of selected applicants hold U.S. master's degrees or higher, a notable increase from last year. The agency also noted a substantial drop in registrations within the lowest wage category, indicating a successful effort to curb low-wage applications and protect American jobs.
PMAY-U CLSS explained: How those earning under Rs 18 lakh can cut home loan costs
Middle-income families dreaming of homeownership can find relief through the Credit Linked Subsidy Scheme (CLSS) under PMAY-Urban. Launched in 2017, it offers interest subsidies on home loans for eligible households earning between Rs 6 lakh and Rs 18 lakh annually. The scheme aims to make housing more affordable by reducing EMIs.
Japan Set to Secure More Oil Imports in May After April Slump
Japan’s May crude oil imports are expected to rebound to around 1.7 million barrels a day, roughly three-quarters of the level a year earlier, as refiners step up alternative procurement while the Strait of Hormuz remains largely closed.
How Delta Steered Around Airline Industry Chaos
The carrier has become the country’s most profitable by catering to affluent travelers, but it is facing stiffer competition from United.
The Average Guys Outsmarting Wall Street on Prediction Markets
How prediction-market ‘sharps’ have made millions wagering on everything from war to Rotten Tomatoes.
JPMorgan Says Stocks Buoyed by Prospect of Public, Private Spending
Karen Ward, JPMorgan Asset Management's EMEA chief market strategist, says that investors are looking beyond the current geopolitical uncertainty to the investment opportunities resulting from increased public and private spending. "The more chaotic the world becomes, the more that's creating spending," Ward tells Bloomberg Television. "I think that's really what markets are focused on. Whatever happens in the next month or two, there's a much bigger theme that's at play," she adds. (Source: Blo...
India, US Sign Critical Minerals Pact As Marco Rubio Wraps Up Delhi Visit
The landmark framework on rare earth supply chains caps a four-day trip by Secretary of State Marco Rubio that significantly deepened strategic ties between Washington and New Delhi.
Japan's $6 Lunch Is Under Threat
The “Indian curry” lunch is a Japanese staple — and a steal at only 1,000 yen ($6.40) or so. Bloomberg Opinion columnist Gearoid Reidy explains why the beloved meal may be under threat. (Source: Bloomberg)
Fact check: UK borrowing has fallen below 5% of GDP multiple times since 2019
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Palm Fruit Left to Rot as Indonesia Export Revamp Hits Farmers
Some palm oil refiners in Indonesia are avoiding buying fruit from small farmers, a sign of how the government’s commodity export overhaul risks squeezing grower incomes and crimping supplies of the crop.
Canadian billionaire Kevin O'Leary slams 4-day week idea
Canadian billionaire Kevin O'Leary has slammed the four-day workweek as 'the stupidest idea' he's encountered, despite acknowledging shifts in work post-pandemic. He argues that productivity, not fixed hours, matters, with 40% of his staff working remotely. O'Leary also advised young professionals to curb daily spending on coffee and sandwiches, urging them to save and invest instead for long-term wealth.
Next boss warns over ‘dramatic fall’ in UK entry-level jobs
Peer’s comments come as Milburn report is likely to find government has failed to tackle youth unemploymentBusiness live – latest updatesThe boss of Next has sounded the alarm about a “dramatic fall” in the number of entry-level jobs in the UK and its impact on youth unemployment, saying the retailer now receives twice as many applicants for each role than two years ago.Lord Wolfson said the clothing and homeware chain, where he has been chief executive since 2001, typically received 10 applicat...
Private Credit Losses May Hit Insurers More Than Banks, ECB Says
European insurers and pension funds would likely be hit harder than banks by fallout from losses in the private credit industry, the European Central Bank said after simulating a “severe” shock to the market.
Hong Kong-Listed Biotech Insilico Is Said to Explore UAE Listing
Hong Kong-listed biotech firm Insilico Medicine Cayman TopCo is considering a secondary listing in Abu Dhabi, people familiar with the matter said, in a deal that would make it the first company from outside the Gulf to list shares on a regional exchange.
Indonesia Probes Major Palm Oil Companies on Export Price Issues
Indonesia is probing some of the world’s biggest palm-oil companies for suspected export abuses, adding to the upheaval in the industry days after the government announced a plan to nationalize shipments of the crop.