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Standard Chartered to cut more than 7,000 jobs as it steps up AI use
London-headquartered bank will reduce back-office jobs and aims to move some workers to new rolesBusiness live – latest updatesStandard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses artificial intelligence.The London-headquartered lender is one of the first major global banks to lay out plans to cut thousands of jobs, citing AI as a driver to make its operations slimmer as it seeks to increase its profitability and tackle competition. Continue readi...
Families face £209 energy bill hike from July with fears 'Trumpflation' misery will last into the winter
Families face £209 energy bill hike from July with fears 'Trumpflation' misery will last into the winterBy JAMES TAPSFIELD, UK POLITICAL EDITOR Published: 09:26, 19 May 2026 | Updated: 09:29, 19 May 2026 e-mail View comments
HS2 trains to run slower than planned to save money
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Currys upgrades profits after ‘very solid’ trading
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British Airways 'demands millions from Heathrow' after 20,000 bags failed to make it onto flights over one weekend
British Airways 'demands millions from Heathrow' after 20,000 bags failed to make it onto flights over one weekendBy FREYA BARNES, NEWS REPORTER Published: 09:08, 19 May 2026 | Updated: 09:09, 19 May 2026 e-mail View comments
Dubai South, Majid Al Futtaim to build Dh62 billion mixed-use community
Dubai: Dubai South has signed an agreement with Majid Al Futtaim to develop a mixed-use master-planned community valued at Dh62 billion within the Dubai South district, marking one of the largest new urban developments announced in the emirate.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The agreement was signed at Dubai South headquarters in the presence of Khalifa Alzaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, and Fadel A...
India’s 360 ONE Seeks Up to $500 Million for Private Credit Fund
India’s 360 ONE Asset Management is seeking to raise as much as $500 million for its sixth private credit fund, according to people familiar with the transaction, underscoring sustained investor appetite in the country even as fundraising slows elsewhere.
Deutsche Bank's Ozan Tarman and Aditya Singhal on Understanding the Macro Risks | Odd Lots
It is hard to have a markets conversation that isn't out of date within a minute or two. But we think this one, with Ozan Tarman and Aditya Singhal of Deutsche Bank, is basically evergreen. This conversation, recorded at our live show at Wilton's Music Hall in London, is all about fundamentals: How Tarman, DB's vice chair of global macro, and Singhal, the firm’s head of EM trading across rates, FX and Credit, make sense of conflicting headlines, whether the rally in tech stocks is to be believed...
The Fight Against Trump’s Immigration Crackdown
Bloomberg Investigates spends a year following a group of lawyers as they sue the Department of Homeland Security and scramble to help free those arrested under Donald Trump's immigration policies. (Source: Bloomberg)
Odd Lots: How Traders Keep Up With the News Cycle (Podcast)
It is hard to have a markets conversation that isn’t out of date within a minute or two. But we think this one, with Ozan Tarman and Aditya Singhal of Deutsche Bank, is basically evergreen. This conversation, recorded at our live show at Wilton’s Music Hall in London, is all about fundamentals: How Tarman, DB’s vice chair of global macro, and Singhal, the firm’s head of EM trading across rates, FX and Credit, make sense of conflicting headlines, whether the rally in tech stocks is to be believed
Ruble Tops Global Currencies as Putin Reaps Iran War Oil Gain
Russia’s ruble has muscled its way to become the world’s best performer against the dollar so far this quarter, buoyed by a surge in foreign currency receipts from oil sales following the outbreak of war in the Middle East.
Dubai gold prices dip as Trump pauses Iran strike plan
Dubai: Gold prices in Dubai edged lower on Tuesday morning as global markets reacted to signs of easing geopolitical tensions following US President Donald Trump's announcement that he had paused a planned military strike against Iran to allow negotiations to continue.In Dubai, 24K gold slipped to Dh547.25 per gram from Dh547.50 on Monday evening, while 22K gold eased to Dh506.75 from Dh507.00. The decline comes as investors moved away from safe-haven assets after Trump indicated Gulf leaders fr...
Northern Irish woman convicted for fraudulently claiming £35,000 in benefits
A Northern Irish woman has been convicted of fraudulently claiming £35,000 in benefits.Yvonne Hoey, 56, was sentenced to 12 months’ imprisonment suspended for two years.The South Armagh woman, of Molly Road, failed to declare she was earning capital while claiming the benefits.The total amount of Employment Support Allowance and rate relief totalled £35,724. TRENDING Stories Videos Your Say The Department for Communities investigated and uncovered the fraud.She appeared at Newry Crown Court...
Higher for Longer Yields Seen Posing Risk to Equities
Nicolas Bickel, chief investment officer at Edmond de Rothschild Private Bank, says higher bond yields for an elongated period could pose a risk to equities, "especially the ones that are highly indebted, even hyperscalers." Bickel speaks on Bloomberg Television. (Source: Bloomberg)
No feelgood factor for Reeves as Iran war snuffs out economic upturn
Rise in unemployment and weak pay growth underline how tough this year will be for UK householdsUK unemployment unexpectedly rises to 5%Business live – latest updatesNews that the UK unemployment rate jumped back to 5% in March appears to be the latest evidence that the Iran war has snuffed out the economic upturn Rachel Reeves had hoped to see in 2026.The Office for National Statistics reports that, after an unexpected fall in the unemployment rate to 4.9% in last month’s data, it ticked back u...
RBA's Hunter Sounds Alarm on Inflation Outlook
Reserve Bank of Australia Assistant Governor Sarah Hunter says the central bank is increasingly concerned that inflation expectations could become unanchored due to the recent oil-price shock linked to the Iran war. She discusses the monetary policy outlook on “Bloomberg: The Asia Trade.” (Source: Bloomberg)
At least 15m Britons not saving enough to retire, Pensions Commission says
Just 4% of self-employed workers are putting cash into pensions, with ‘large groups across the UK facing a severe cliff-edge’Millions of people across Britain are facing a “cliff edge” when they retire due to a chronic shortfall in saving that will require a radical shake-up of the pensions system to fix, a government-backed report has warned.The Pensions Commission said 15 million people were currently not saving adequately for their retirement, and warned this could rise to as many as 19 milli...
JOOD reinforces Dubai’s sustainable giving ecosystem with strong Q1 2026 results - Emirates 24|7
JOOD reinforces Dubai’s sustainable giving ecosystem with strong Q1 2026 results Emirates 24|7
Dubai Chamber of Commerce spotlights DP World’s Cargo War Risk Insurance programme at Export Majlis - Emirates 24|7
Dubai Chamber of Commerce spotlights DP World’s Cargo War Risk Insurance programme at Export Majlis Emirates 24|7
Standard Chartered to cut around 7,800 jobs amid increased AI use
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