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SpaceX Filing Shows Losses, Musk’s Control
SpaceX’s IPO filing reveals billions in losses, Elon Musk’s tight control through super-voting shares, and Starship at the center of the company’s AI and connectivity ambitions. (Source: Bloomberg)
Former Woolies boss Brad Banducci quits CEO role at Ticketek after just over a year at the company
Former Woolies boss Brad Banducci quits CEO role at Ticketek after just over a year at the companyBrad Banducci leaves TEG after 13 monthsTEG lost two lucrative deals over the last year READ MORE: Brad Banducci makes sad admission about his new lifeSee more Daily Mail on Google - save us as a Preferred SourceBy MATT JONES, SENIOR NEWS REPORTER, AUSTRALIA Published: 06:16, 21 May 2026 | Updated: 06:16, 21 May 2026 e-mail View comments
Oil Near $100 Emerges as Consensus for Next Year With Iran War
Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year, as demand is forced to slow down to counter millions of barrels of supply losses caused by the US-Iran war.
Pauline Hanson reveals bold plan to drill for more oil and gas to help fund the nation
Pauline Hanson reveals bold plan to drill for more oil and gas to help fund the nationOne Nation announces gas policyNew tax and sovereign wealth fund to be createdREAD MORE: Minister calls critics of the Albanese Budget 'finance bros' See more Daily Mail on Google - save us as a Preferred SourceBy NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA Published: 06:00, 21 May 2026 | Updated: 06:02, 21 May 2026 e-mail View comments
Rupee rebounds 61 paise from record low, rises to 96.25 against US dollar
The Indian Rupee saw a welcome rebound, gaining 61 paise to trade at 96.25 against the US dollar, driven by easing oil prices. Despite this recovery, the currency remains under pressure, marking a nine-session losing streak. The Reserve Bank of India announced a $5 billion dollar-rupee swap auction to bolster banking system liquidity amidst global uncertainties and foreign investor outflows.
Citi Sees India IPOs Hitting Fresh Records Despite Challenges
Initial public offerings in India should get back on track in the second half of the year, according to Citigroup Inc., moving on from a rocky start that’s seen foreign investors withdraw capital and the rupee slide.
West Ham, the London Stadium and why relegation would cost UK taxpayers £2.5m
It once stood among the great sporting venues in the United Kingdom but, from next season, the London Stadium could become a venue for Championship football for the first time.West Ham United’s fight against relegation from the Premier League will be decided on the season’s final day and anything but a win at home to Leeds United will end a 14-year run in the top flight. Even then, it will not be enough should Tottenham Hotspur, their rivals for the final relegation spot, avoid defeat at home to...
Base Metals Drift as US and Iran Trade Threats on Peace Deal
Copper wavered between narrow gains and losses after President Donald Trump claimed the US was in the final stages of talks with Iran, even as the two nations continued to trade threats of fresh escalation.
JSW Motors Ties Up $826 Million Funding From India’s Top Bank
Billionaire Sajjan Jindal’s automotive business has secured about 80 billion rupees ($826 million) funding line from India’s largest lender, keeping its plans for a new energy vehicle venture on track.
Australia’s unemployment rate jumps to 4.5% in ‘tentative signs labour market is buckling’
Surprise rise in jobless rate will give Reserve Bank more reason to delay another interest rate hike at June meetingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s unemployment rate has jumped to 4.5% in April to reach the highest in about four-and-half-years, amid fears rising interest rates and the global oil crisis will smash economic growth.The number of employed people unexpectedly fell by 18,600 in the month – the...
Kevin O'Leary's 'investment tip' to youngsters: Stop spending money on coffee, sandwiches
Canadian investor Kevin O'Leary urges young professionals to save daily spending on coffee and sandwiches for investment. He believes this habit builds wealth over time. O'Leary also warns that America's energy grid is not ready for the AI boom. He highlights China's rapid power expansion. Investors should also note his views on interest rates and tariffs.
India Mulls All Options, Including Rate Hike, as Rupee Slumps
The Reserve Bank of India is considering all of its available options to stabilize the rupee, including an interest rate hike, more currency swaps and raising dollars from investors overseas, according to people familiar with the matter.
Jamie Dimon on Bond Market, Inflation and Equities
CEO of JPMorgan Chase Jamie Dimon speaks exclusively with Bloomberg's Haslinda Amin about the rout in bond markets, the risk of heightened inflation, and why corporate earnings remain so high. (Source: Bloomberg)
Ambani’s $4 Billion Jio IPO Hits Roadblocks on Iran War Impact
Reliance Industries Ltd.’s plan to sell shares in digital arm Jio Platforms Ltd. — potentially India’s biggest-ever initial public offering — is running into a thicket of challenges exacerbated by the war in Iran.
Nvidia posts record profit and revenue amid AI chip boom
Chip giant announces $80bn stock buyback scheme and dividend hike in boon to shareholders.
Senate panel hears testimony on online sports betting, prediction markets
Law Senate panel hears testimony on online sports betting, prediction markets May 20, 202611:01 PM ET By Alana Wise A Senate subcommittee lawmakers on Wednesday questioned sports betting industry officials during a hearing focused on recent cheating scandals, companies' marketing tactics and regulatory battles. Mariam Zuhaib/AP hide caption toggle caption Mariam Zuhaib/AP U.S. lawmakers grilled representatives of sportsbook and prediction market companies about their aggressive marketing tactic...
Children in England to be offered free bus trips this August
Chancellor Rachel Reeves is to reveal a £100m fare-free bus scheme designed to relieve cost-of-living pressures.
Govt reopens offshore oil frontier
ISLAMABAD: For the first time in nearly 20 years, the government on Wednesday awarded two dozen offshore blocks for exploration, attracting an initial investment of $82 million during the first phase of a three-year licensing period. According to an official statement from the petroleum ministry, the total investment is projected to reach $1 billion if exploration activities progress to the second phase. Petroleum Minister Ali Pervaiz Malik witnessed the signing of production sharing agreements...
As Ryanair boss says 'weaker airlines could go bust', is Michael O'Leary right to be so confident about his own company surviving the jet fuel crisis?
As Ryanair boss says 'weaker airlines could go bust', is Michael O'Leary right to be so confident about his own company surviving the jet fuel crisis?READ MORE: Ryanair is axing millions of seats across Europe in major flight schedule update - here's the full list of those affectedSee more Daily Mail on Google - save us as a Preferred SourceBy ALESIA FIDDLER - TRAVEL REPORTER Published: 00:53, 21 May 2026 | Updated: 03:34, 21 May 2026 e-mail 10 View comments
IMF wraps up Pakistan visit following talks with authorities on reforms, budget
The International Monetary Fund (IMF) mission visiting Pakistan concluded talks with authorities focusing on economic developments, fiscal plans for the next financial year, and progress on reforms under the country’s IMF-supported programmes, the international money lender said in a statement issued early on Thursday. The statement said that the mission visited Islamabad from May 13 to May 20, with the visit focusing on “recent economic developments, reform implementation, and the budget strat...