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UK borrowing costs rise and pound falls as leadership drama continues
UK borrowing costs rise and pound falls as leadership drama continuesJust nowShareSaveAdd as preferred on GoogleRachel ClunBusiness reporterEPAUK government borrowing costs have risen and the pound has fallen as the battle for the Labour leadership took another twist with Andy Burnham's decision to fight a by-election.While other European government borrowing costs also rose, the UK movements have been greater, which analysts said had been fuelled by market concerns that a Burnham-led government...
Gilts and pound suffer sell-off as market frets over Labour leadership
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Indian magnate Adani agrees to multi-million-dollar penalty in US court case
Indian billionaire industrialist Gautam Adani has agreed to pay a multi-million-dollar settlement in a US civil court case linked to corruption without admitting guilt, his company said on Friday. The November 2024 indictment in New York accused the industrialist and multiple subordinates of deliberately misleading international investors as part of a vast bribery scheme. Adani was accused of having participated in an estimated $250 million scheme to bribe Indian officials for lucrative solar en...
Christopher Harborne, tycoon who gave £5m to Farage, enters UK rich list at No 6
Crypto billionaire goes straight into top 10 on Sunday Times list, with Noel and Liam Gallagher among other first-timersBusiness live – latest updatesUK politics live – latest updatesChristopher Harborne, the crypto billionaire who controversially gifted Nigel Farage £5m, has been named in the list of the UK’s wealthiest people for the first time.Other first-timers in the top 350 include Noel and Liam Gallagher and Emily Eavis, the daughter of Glastonbury festival founder Michael Eavis, accordin...
British teens are swapping Saturday jobs for startups... and the vast majority are getting a helping hand from AI
As the job market shrinks for the young, many now consider themselves 'founders' of tech-driven companies, new research has found.
Odd Lots: Albert Edwards Believes Inflation Will Surge (Podcast)
Making a long career as a bear at a sell-side institution is tough. Generally financial markets have done quite well which means forecasting doom and gloom is, usually, only tenable for so long. Which is why we wanted to talk to one of the most successful bears out there. Société Générale has let Albert Edwards out of the bear cage for today’s episode. Edwards knows his reputation as a bear is well deserved: He believes, among other things, double-digit inflation is in the offing. We also talk a
Lloyds makes major change for customers with new '£50 rule' on accounts
High street chain has made a change which could see some users charged for even small dips into their overdrafts
China, US to maintain stability in trade, economic relations — Xi Jinping
Donald Trump’s current visit to China was a "historic and landmark event," Xi Jinping said
Chinese AI Optics Billionaire Eyes Dual Listing In Hong Kong After 340% Stock Rally
AsiaEditors' PickChinese AI Optics Billionaire Eyes Dual Listing In Hong Kong After 340% Stock RallyRoboTechnik Intelligent Technology’s Shenzhen-listed shares soared 340% over the past year, propelling founder Dai Jun’s net worth to $2.4 billion. ByZinnia Lee,Forbes Staff. I cover billionaires and startup founders in Asia.Follow AuthorMay 15, 2026, 03:32am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.@font-face{font-fa...
TT Electronics sales drop as it refreshes board following ill-fated takeover
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UAE CEOs fear losing jobs if AI plans fail, study finds
Dubai: Artificial intelligence is rapidly becoming one of the biggest pressure points for CEOs in the UAE, with a new study showing many business leaders now believe their jobs could depend on whether AI delivers measurable business results.Sign up for our daily business newsletter, Cheques & Balances.New research from Dataiku, a French-American artificial intelligence and machine learning company, found that 79 per cent of UAE CEOs believe their roles are at risk if their companies fail to achi...
UAE’s new West-East pipeline to double ADNOC’s export capacity through Fujairah
UAE is set to accelerate the delivery of the new West-East Pipeline project, which would double ADNOC’s export capacity through Fujairah.The pipeline is currently under construction and is expected to become operational in 2027.The decision was taken after Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, chaired a meeting of the executive committee of the ADNOC board of directors, held at the company’s headquarters in Abu D...
Iran conflict plunges European chemical industry into crisis — FT
According to the publication, high energy prices and weak demand have already led to the closure of two plants in the chemical cluster of the Port of Rotterdam
Petrol, diesel price hike: Indian Oil director calls it ‘very small rise’
The government on Friday raised petrol and diesel prices by Rs 3 per litre nationwide. In Delhi, petrol prices increased from Rs 94.77 to Rs 97.77 per litre, while diesel rates moved up from Rs 87.67 to Rs 90.67 per litre.
Bank of Korea’s New Board Member Flags Inflation, Housing Risks
The Bank of Korea’s newest board member highlighted mounting inflation and financial-stability risks tied to the Middle East conflict, housing prices and capital flows in his inaugural remarks Friday, reinforcing expectations the central bank is moving toward a hawkish bias.
British Gas hit with £20million bill over forced prepayment meter scandal
British Gas apologies for controversy in which debt agents working on its behalf had broken into the homes of vulnerable customers to fit prepayment energy meters
Fuel gets costlier: Centre raised petrol, diesel prices by Rs 3 - key details
Fuel prices saw a Rs 3 per litre increase on Friday. This move follows significant losses for state-run oil companies due to soaring global crude oil prices. The conflict in West Asia disrupted key shipping routes, pushing up import costs for India. This price adjustment comes after a period of frozen rates, impacting transportation and other sectors.
US signs 'fantastic trade deals' with China — American leader
Donald Trump did not elaborate on any details
British Gas customers to receive up to £112m in compensation over prepayment meters
Redress for force-fitting devices in homes of vulnerable includes £20m penalty, £22m support package and up to £70m of debt write-offsThousands of British Gas customers who had prepayment meters force-fitted in their homes will receive up to £112m in compensation and debt write-offs on their energy bills.Great Britain’s energy regulator found that British Gas forced prepayment meters on homes that were not keeping up with their bills at the height of the Russian gas crisis, in one of the most co...
Abu Dhabi utility giant TAQA ramps up spending despite lower Q1 revenue
Abu Dhabi: Abu Dhabi utility major TAQA reported a net profit of Dh2.1 billion for the first quarter of 2026, as the company accelerated investments in UAE power, water and transmission infrastructure despite lower revenues.Sign up for our daily business newsletter, Cheques & Balances.The company said revenues for the three months to March 31 fell to Dh13.7 billion from Dh14.1 billion a year earlier, mainly because of lower sales volumes in its oil and gas business. However, earnings before inte...