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Rich already being taxed properly, says minister, as Streeting calls for ‘wealth tax that works’– UK politics live
Treasury’s Lucy Rigby says Rachel Reeves introduced measures in her first budget as Streeting calls for capital gains rates to be aligned with income taxGood morning. It’s a big day for Rachel Reeves, the chancellor. In a Commons statement, she is announcing a series of measures to help people with the cost of living. She wants people to enjoy a “Great British summer”, she says. Reeves’s plan for what makes for a good summer is not quite the same as Samantha Niblett’s; the chancellor is talking...
Elon Musk to become world's first trillionaire as SpaceX preps stock market debut
Elon Musk is on track to become the world's first-ever trillionaire as SpaceX prepares for its debut on the stock market.The aerospace and satellite firm has officially submitted paperwork for its initial public offering (IPO) with the company to begin trading on Nasdaq under the ticker SPCX on June 12.Market analysts anticipate the company, formally known as Space Exploration Technologies Corp., could command a valuation ranging from $1trillion (£745billion) to $2trillion (£1.49trillion).SpaceX...
India Seeks Information from Capital Group in Front-Running Case
India’s market regulator has sought information from Capital Group about trades by its entities in the local stock market that were flagged in a front-running case in early 2025, according to people familiar with the matter.
Chris Mason: Reeves' summer savings drive won't stretch to energy bills
Reeves' summer savings drive won't stretch to energy billsJust nowShareSaveAdd as preferred on GoogleChris MasonPolitical editorPA MediaIt sounds rather like the slogan from one of those breathless adverts for discounted sofas.The government is branding the announcements from the chancellor this week as the "Great British Summer Savings".Rachel Reeves wants to try to get across that she gets it: that for all the political noise and argument, the cost of living remains the number one issue for mi...
India Earnings at Risk as Oil Shock Hits Growth
J.P. Morgan is warning that India’s corporate earnings outlook faces rising risks from higher oil prices and prolonged Middle East tensions, with potential downside for equities and the rupee. The bank says elevated energy costs could pressure margins, weaken demand and force earnings downgrades if disruptions persist. The segment explores what this means for Indian markets, valuations and policy choices as the Reserve Bank of India balances currency stability against growth concerns. Rajiv Batr...
EasyJet boss says airline is ‘not seeing any disruption to fuel supply’
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Saudi Oil Exports Value Surged to Three-Year High in March
Saudi Arabia’s revenue from oil exports jumped to a more than three-year high of $24.7 billion in the first full month of the war in the Middle East, as the kingdom’s ability to divert shipments through the Red Sea coupled with higher energy prices compensated for disruptions from the closure of the Strait of Hormuz.
BT ramps up cost cutting as annual earnings flatline
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HSBC CEO Georges Elhedery to employees: AI will destroy some jobs, stop fighting with us
HSBC CEO Georges Elhedery urged employees to embrace AI, acknowledging it will eliminate some roles while creating new ones. This comes as the bank reportedly explores a significant overhaul potentially impacting 20,000 jobs globally. HSBC is investing in AI tools and staff training to navigate this automation shift.
Indonesia Plans Tighter Control Over Commodity Exports
Indonesian President Prabowo Subianto has announced the creation of a new state entity under sovereign wealth fund Danantara to oversee commodity exports. Sources tell Bloomberg the move has shocked even some of the president's own officials. (Source: Bloomberg)
Nationwide profits down as millions of customers to get new £100 bonus
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Gold, silver outlook: Will gold head to Rs 1.70 lakh/10 grams & silver hit Rs 3 lakh/kg?
Gold and silver price prediction today: While MCX Silver is consolidating on the weekly chart, gold is eyeing its next meaningful target of Rs 1.7 lakh, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
EasyJet blames fall in summer bookings on Middle East war
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JPMorgan’s Foley Sees Strong IPO Growth in HK, China
Kevin Foley, Co-Head of Global Investment Banking at JPMorgan, says deal-making activity remains strong globally despite the higher rates environment and inflationary pressures. He expects IPO activity to grow significantly in Hong Kong and mainland China, particularly in the AI and healthcare sectors. He spoke exclusively with Bloomberg's Haslinda Amin on the sidelines of the JPMorgan Global China Summit. (Source: Bloomberg)
JPMorgan's Gori Remains Positive on Middle East, Asia
JPMorgan Global Banking Co-Head Filippo Gori describes the US economy as an "incredible engine" that continues to attract capital, while noting that Asia is also booming, citing strong IPO momentum. He remains positive on the Middle East as well, viewing it as a key growth opportunity for the bank. Gori speaks exclusively with Bloomberg's Haslinda Amin on the sidelines of the JPMorgan Global China Summit. (Source: Bloomberg)
JPMorgan's APAC CEO on Business Strategy
JPMorgan APAC CEO & Banking Head Sjoerd Leenart discusses the bank's strategy to capitalize on growth opportunities in different markets in Asia. He speaks with Haslinda Amin from the sidelines of the JPMorgan Global China Summit. (Source: Bloomberg)
MQM-P leader Khalid Maqbool made member of Economic Coordination Committee
Muttahida Qaumi Movement-Pakistan (MQM-P) leader and Education Minister Dr Khalid Maqbool Siddiqui has been made a member of the Economic Coordination Committee, the Prime Minister’s Office (PMO) said on Thursday. The statement said that Prime Minister Shehbaz Sharif had approved an increase in the number of ECC members. “Minister for Education Khalid Maqbool Siddiqui has been included as a member of the ECC,” the statement said. “I am hopeful that Siddiqui will play an active role as a member o...
APEC Secretariat's Pedrosa on Trade Minister Meetings
Edurado Pedros, APEC Secretariat Executive Director, discusses his outlook for APEC nations cooperation on trade and AI adoption. He speaks with Stephen Engle in Suzhou, China on "Bloomberg: The Asia Trade". (Source: Bloomberg)
Middle East war: Indian carriers lose overseas traffic share as foreign airlines gain
The US-Iran war that broke out on Feb 28 did not cause much of a dent in international travel to and from India this Jan-March quarter over the same period last year. However, its impact on airlines has been different: Foreign airlines, despite big Gulf carriers taking a hit since Feb, saw a significant jump in their passenger numbers while Indian carriers saw a big dip with even just one month of this quarter being impacted.
How new rules could cost property investors $250,000 for wrong choice
How new rules could cost property investors $250,000 for wrong choiceNew measures for the housing market are coming They were announced in the Federal BudgetExperts warn home buyers not to panic READ MORE: Showbiz reporter Peter Ford calls out 'putrid' Melbourne CBDSee more Daily Mail on Google - save us as a Preferred SourceBy SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 06:43, 21 May 2026 | Updated: 06:44, 21 May 2026 e-mail View comments