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Oil to cross $200 per barrel? Report flags worst-case Hormuz scenario that Iran warned of
A prolonged closure of the Strait of Hormuz could trigger a severe global energy crisis, potentially pushing oil prices to $200 per barrel by late 2026. Wood Mackenzie's report outlines three scenarios, with the worst-case predicting a significant economic contraction. This warning echoes Iran's own earlier predictions amid escalating regional tensions.
Brits face more tax hikes WHOEVER wins Labour leadership: Borrowing surged in April as spending spree and Iran crisis outweighed revenues
Brits face more tax hikes WHOEVER wins Labour leadership: Borrowing surged in April as spending spree and Iran crisis outweighed revenuesSee more Daily Mail on Google - save us as a Preferred SourceBy JAMES TAPSFIELD, UK POLITICAL EDITOR Published: 07:38, 22 May 2026 | Updated: 07:38, 22 May 2026 e-mail View comments
Japan to Receive First Oil Tanker to Exit Hormuz Since War Began
Japan — one of Asia’s biggest importers of energy from the Middle East — flagged the impending arrival of the first Persian Gulf oil shipment to transit the contested Strait of Hormuz since the Iran war began.
CVC, GBL Offer to Acquire Italy’s Recordati in $12 Billion Deal
CVC Capital Partners Plc and Groupe Bruxelles Lambert offered to buy Recordati SpA in a deal valuing the Italian drugmaker at more than $12 billion, which would be one of the biggest healthcare deals in Europe this year.
Government borrowing higher than expected in April
Government borrowing higher than expected in AprilJust nowShareSaveAdd as preferred on GoogleGetty ImagesThe UK government borrowed more than expected in April, according to the latest official figures.Borrowing, the difference between spending and income from taxes, was £24.3bn last month, £4.9bn higher than at the same point last year, the Office for National Statistics (ONS) said.The figure was also higher than the £20.9bn that had been predicted by the government's independent forecaster, th...
Tech Sector Momentum Teeters: Market Snapshot
Nvidia's highly anticipated earnings report put the attention squarely back on the tech sector's blistering momentum as investors queried whether hyperscalers and the 'picks-and-shovels' of the AI build-out can meet soaring demand. The Opening Trade spoke to a range of leading market voices to get their analysis. (Source: Bloomberg)
Toyota Finance Bond Coupons Highest Since 1999 on Yield Gain
Toyota Motor Corp.’s finance unit set terms for a ¥100 billion ($629 million) bond sale, with the five-year coupon climbing to the company’s highest for yen-denominated bonds since its 1999 debut as rising yields on Japanese government bonds push up funding costs.
Oil prices rise as investors doubt breakthrough in US-Iran peace talks
Oil prices climbed on Friday but were on track for a weekly loss as investors doubted the prospects of a breakthrough in US-Iran peace talks. Brent crude futures rose $1.66, or 1.6 per cent, to $104.24 a barrel by 0405 GMT, while US West Texas Intermediate futures were up $1.11, or 1.2pc, at $97.46. On a weekly basis, Brent was 4.6pc lower and WTI was down 7.6pc, with prices fluctuating sharply as expectations for a peace deal shifted. A senior Iranian source told Reuters gaps with the US have n...
EM Stocks Poised for Weekly Gain, Tech Stocks Rise on AI Trade
Emerging-market stocks extended gains into a second day, putting the benchmark on track for a weekly advance, as investors continued to pour into the AI trade and easing Middle East tensions supported sentiment.
India's job engine strains as Middle East war hits remittances and trade
The war in the Middle East is squeezing two pillars of Indian employment, forcing Gulf-based workers home and crushing demand for the country’s manufactured exports, from leather goods to glassware. For decades, work in the Middle East and global demand for labour-intensive manufacturing in sectors such as footwear and garments gave a generation of Indians stable, and in some cases lucrative, incomes. Now, the foreign conflict has dealt a double blow to the economy, with returning migrant worker...
Julius Baer Expects ‘Substantially’ Higher First-Half Profit
Julius Baer Group Ltd. said it expects to post profit for the first half of 2026 which is “substantially higher” than a year ago, as the Swiss wealth manager signals progress in an ongoing restructuring.
Have you been told to take thyroid medicines forever? Read this first
Thyroid medication isn't always a lifelong sentence. Dr. Vaibhav Gupta explains that temporary inflammation can resolve, allowing for reduced or stopped treatment. However, autoimmune conditions like Hashimoto's often necessitate permanent hormone replacement. Hyperthyroidism, conversely, aims for remission. Sudden discontinuation of medication is dangerous; always consult your doctor for adjustments based on TSH tests.
Ditched government projects lost taxpayer £6.6bn last year, watchdog says
Spending committee finds MoD most wasteful and also points to cancelled schemes such as Rwanda and StonehengeCancelled government projects such as the Rwanda deportation scheme and the road tunnel under Stonehenge are wasting billions of pounds of taxpayer money a year, parliament’s spending watchdog has found.About £6.6bn was written off by government departments last year alone – state spending that did not achieve its intended objectives or create any value for the taxpayer, the public accoun...
Stephen Colbert takes stage of "The Late Show" one last time
U.S. Stephen Colbert takes stage of "The Late Show" one last time: "We were lucky enough to be here for the last 11 years" By Kierra Frazier Kierra Frazier News Editor Kierra Frazier is a news editor for CBS News & Stations. Read Full Bio Kierra Frazier May 21, 2026 / 11:59 PM EDT / CBS News Add CBS News on Google Stephen Colbert said goodbye to "The Late Show" Thursday night in the franchise's finale following a 33-year run, saying he was "lucky enough to be here for the last 11 years," and cou...
Asian stocks today: Markets rise on hopes of US-Iran breakthrough; oil worries persist
Asian markets rallied Friday, buoyed by hopes of US-Iran peace talks, though volatile oil prices and Strait of Hormuz concerns fueled inflation worries. Tokyo led gains as investor sentiment improved. Despite diplomatic optimism, rising crude prices prompted reassessment of global interest rate expectations, with the US Federal Reserve potentially hiking rates later this year.
Govt to issue commemorative coin to mark 75th anniversary of diplomatic ties with China
The government has decided to issue a commemorative coin to mark the 75th anniversary of diplomatic relations with China. In a press release issued on Thursday, the State Bank of Pakistan (SBP) said the Rs75 coin will be available to the general public from May 25 (Monday) through the exchange counters at the field offices of SBP Banking Services Corporation. Pakistan and China formally established diplomatic relations on May 21, 1951. According to...
Top shares to buy: Stock recommendations for today - check list
Stock market recommendations: Bajaj Broking Research has chosen Garden Reach Shipbuilders & Engineers (GRSE), NBCC as the top stocks to buy on May 22, 2026:
Renault Joins Foreign Firm Yen Bond Sale Rush With Samurai Sale
Renault SA priced its second-largest Samurai bond offering ever, as heightened volatility in government bond markets fueled investor appetite for relatively higher-yielding but stable assets from companies like the French automaker.
Pressure on DNC Chair Ken Martin builds amid questions over how he handled the 2024 autopsy
The Democratic National Committee plunged into a fresh round of chaos on Thursday, after Chair Ken Martin was forced to release an autopsy report he commissioned on the failed 2024 presidential campaign
Amazon sued over Trump tariff refunds; lawsuit says funds don’t belong to Amazon
Amazon allegedly pocketed hundreds of millions by not refunding consumers for Trump-era tariffs, a class-action lawsuit claims. While other companies sought reimbursements after the Supreme Court ruling, Amazon reportedly held back, potentially to gain political favor. The suit alleges Amazon profited from unlawful government actions, leaving customers to bear the costs.