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'I sold it for over £1k': Swatch launch sparks 'chaotic' scenes
Some shoppers have been trying to resell a new line of watches priced at £335 each for up to £16,000.
PM Shehbaz reviews Rs1.5tr PSDP, directs more funds for well-performing ministries
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday reviewed the proposed Rs1.51 trillion Public Sector Development Programme (PSDP) for fiscal year 2026–27, with an emphasis on fully utilising development funds, especially by sectors that were performing satisfactorily. According to an official from the Planning Division, it was an initial meeting on the PSDP ahead of the forthcoming federal budget, and further meetings will also be held on the matter. The PSDP will be finalised in an upcoming m...
Lower-paid migrants more likely to stay in Britain compared to higher earners, new research shows
A new Home Office study has revealed migrant workers on lower pay are more likely to settle permanently in Britain than the highest earners.The study, conducted by the Migration Advisory Committee, a Home Office body, found care workers had among the highest remaining rates of settling. Meanwhile, academics and scientists were more likely to leave the UK after half a decade. Researchers also found migrants from richer countries such as the United States were less likely to stay when compared to...
NextEra to buy Dominion in $67bn deal creating US utility giant
Deal would create largest regulated US utility, serving 10 million customers as AI-driven demand for power surgesNextEra, a US energy giant, announced on Monday that it will buy Dominion Energy in a $67bn deal, creating what the companies say will be the world’s largest regulated utility business.The deal comes as the appetite for energy sources has swelled with the construction of massive data centers across the country, built largely to supply rising demand for AI. Continue reading...
HS2: Heidi Alexander to set out true cost of rail project – and when trains will begin to run
Transport secretary to give budget details of troubled high-speed line, which backers hope will stay well below £100bnThe latest estimate of the cost of HS2 and a timetable to complete construction of the high-speed railway will be set out by the government on Tuesday, including plans to run trains slower to trim costs.The transport secretary, Heidi Alexander, is expected to give the first official reckoning of the troubled project’s budget in 2026 prices, which HS2’s backers hope will remain su...
HS2: Heidi Alexander to set out true cost of rail project – and when trains will begin to run
Transport secretary to give budget details of troubled high-speed line, which backers hope will stay well below £100bnThe latest estimate of the cost of HS2 and a timetable to complete construction of the high-speed railway will be set out by the government on Tuesday, including plans to run trains slower to trim costs.The transport secretary, Heidi Alexander, is expected to give the first official reckoning of the troubled project’s budget in 2026 prices, which HS2’s backers hope will remain su...
Bloomberg Surveillance 5/18/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Companies Look to Once-Dead Caracas Stock Market as Volumes Soar
A raft of Venezuelan companies are looking to sell shares on the local stock exchange as the market wakes up after more than a decade of near paralysis under the socialist rule of former president Nicolas Maduro.
Strong Earnings Offsetting Inflation Concerns: Sundar
Sitara Sundar, Head of Alternative Investment Strategy at JPMorgan Private Bank, says strong earnings are offsetting inflation concerns and AI demand is still outstripping supply. She speaks to Bloomberg's Matt Miller on 'Open Interest.' (Source: Bloomberg)
MIAX Bets Big on Retail Futures
MIAX CEO Thomas Gallagher joins Bloomberg Open Interest to explain why the exchange is betting big on retail futures trading, how mega IPOs like SpaceX could reshape options markets, and why Miami is emerging as “Wall Street South.” The conversation also covers Bloomberg’s new equity index futures launch and the next phase of MIAX’s expansion strategy. (Source: Bloomberg)
A Tale Of Two Oil Shocks: Why 2026 Feels Big, But Isn’t As Big As 1973
BusinessEnergyA Tale Of Two Oil Shocks: Why 2026 Feels Big, But Isn’t As Big As 1973ByAriel Cohen,Contributor.Forbes contributors publish independent expert analyses and insights. Ariel Cohen is a D.C.-based contributor who covers energy and securityFollow AuthorMay 18, 2026, 11:40am EDT1973 Sorry No Gas Sign Beside Gas Pumps At Service Station Due To OAPEC Oil Crisis. Whether the 2026 crisis will approach the severity of the 1973 embargo remains to be seen, but it is unlikely.H. Armstrong Rober...
Extended Oil Shock Spells Higher, Sticky Inflation
The amount of inflation priced into 10-year Treasury yields is a little hard to square with what the market is saying about price rises in the near term. Either inflation is going to be high for a long time, and this is something that has changed in the past week or two, or 10-year yields have gone a little too far. Yelena Shulyatyeva, Senior US Economist at The Conference Board, discusses inflation expectations and what happens if oil prices rise higher, for longer. (Source: Bloomberg)
Why are people so excited about Swatch's Royal Pop watch?
Why are people so excited about Swatch's Royal Pop watch?9 minutes agoShareSaveAdd as preferred on GoogleKathryn ArmstrongandVicky WongLightRocket via Getty ImagesThe Royal Pop watch collection is much-hyped collaboration between Swatch and luxury brand Audemars PiguetThe launch of an exclusive pocket watch has sparked a frenzy that forced stores worldwide to close and in some cases saw police officers and security deal with huge unruly crowds.The Royal Pop watch collection, a highly anticipated...
Retired and sued for debt? Here's what creditors can (and can't) take
MoneyWatch: Managing Your Money Retired and sued for debt? Here's what creditors can (and can't) take We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she...
5% is New 4% in Era of Higher Yields, Says Guneet Dhingra
A new era of elevated borrowing costs is potentially underway as war-driven inflation angst intensifies in the US bond market, sending 30-year yields toward a two-decade high above 5%. Guneet Dhingra, Head of US Rates Strategy at BNP Paribas, discusses the recent yield surge and why 5% may become the new 4%. (Source: Bloomberg)
Few Foreign Ships Seen in Hormuz Amid Reports of Iran’s Insurance Plan
The Strait of Hormuz remains effectively closed to commercial shipping, with maritime traffic reduced to a trickle and dominated by Iranian-linked vessels. There were few notable foreign-affiliated movements amid reports of Iran’s Bitcoin-backed insurance program for shipping companies willing to transit the waterway.
Banksy expected to break records with never-before-seen $18M artwork that critics have dubbed his 'Mona Lisa'
Banksy expected to break records with never-before-seen $18M artwork that critics have dubbed his 'Mona Lisa'Have YOU got a story? Email tips@dailymail.comSign up for our Spotlight newsletter, direct from our Showbiz expert Katie Hind - and we'll also send you an eye-opening exclusive article revealing the 20 rudest celebrities she's ever met. Get it HERE By MELODY FLETCHER Published: 15:31, 18 May 2026 | Updated: 16:19, 18 May 2026 e-mail 118 View comments
Ryanair Gains on Narrower Net Loss; Regeneron Melanoma Trial Failure | Stock Movers
On this episode of Stock Movers with Alexis Christoforous: - NextEra Energy (NEE) agreed to pay about $67 billion in stock for Dominion Energy (D) in the biggest power acquisition ever, creating a giant utility extending from Florida to the data centers clustered in Virginia. The deal would give NextEra a swathe of electricity assets stretching across Virginia and the Carolinas. - Ryanair (RYAAY) gains as it delivered a decent end to the year, but flagged impact ahead from rising costs. The air...
Shein To Acquire Everlane For $100 Million
BusinessRetailShein To Acquire Everlane For $100 MillionByClara Ludmir,Contributor.Forbes contributors publish independent expert analyses and insights. Clara covers consumer brands shaping tomorrow's retail landscape.Follow AuthorMay 18, 2026, 11:14am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Shein to acquire a majority stake in EverlaneImage generated by AIOnline fast-fashion retailer Shein is said to be acquiring...
Reeves poised to cancel planned fuel duty rise to help with cost of living
Chancellor has been under pressure to extend 5p temporary cut at an estimated cost to government of £2.4bn a yearUK politics live – latest updatesRachel Reeves is planning to cancel a rise in fuel duty this week when she unveils a package of measures to reduce the cost of living.The chancellor will announce she will not put up the tax by 1p as was due to happen in September, government sources said, and she could cancel all of a 5p rise that is due to happen in stages over the subsequent six mon...