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75 days of Hormuz chaos: Oil prices remain high as Trump-Xi talks near
Oil prices saw a slight uptick as traders awaited crucial talks between US President Trump and China's Xi Jinping. Lingering concerns over the Strait of Hormuz disruptions and the ongoing Middle East conflict are keeping markets on edge. Despite US pressure, China's continued reliance on Iranian oil adds complexity to potential resolutions.
Bagmane REIT Set for Debut in Test for India’s IPO Market
Blackstone Inc.-backed Bagmane Prime Office REIT is set to start trading in Mumbai on Thursday after raising $360 million in an initial public offering, a debut that will offer cues on investor appetite and the outlook for India’s equity capital markets.
India bans sugar exports until September 2026 amid supply concerns: Report
India Business News: Centre on Wednesday banned sugar exports with immediate effect until September 30, 2026, or until further notice, in a move aimed at controlling domes.
Why infrastructure resilience is becoming a strategic advantage
Across the UAE and wider Middle East, as economies stabilise and planning horizons extend, the priority for governments and enterprises is no longer short term continuity, but long term confidence - in digital systems, regulatory frameworks, and the decisions built on top of them.In this next phase, infrastructure resilience is emerging as a competitive and governance differentiator, not simply a technical safeguard. It defines how effectively institutions can sustain essential services, support...
Court rules Coles misled shoppers with its ‘Down Down’ discount campaign
Landmark finding against supermarket giant after competition watchdog argued discounts did not represent genuine savingsColes misled Australian shoppers with fake discounts on everyday grocery products, the federal court has ruled in a landmark decision for the supermarket industry.Justice Michael O’Bryan handed down his judgment on Thursday, delivering a significant blow to Australia’s second largest supermarket chain, which had argued the discounts represented genuine savings during a period o...
Brazil announces new measures to stave off rising fuel costs
Brazil on Wednesday announced a new package of measures to temper fuel price increases caused by the war in the Middle East.The move comes ahead of elections in October, which are predicted to be tight.President Luiz Inacio Lula da Silva's government announced subsidies for gasoline, which had been left out of an initial price-mitigation package in April, as well as for diesel.Brazil to militarise key airports, ports and borders in crackdown on organised crimeUnder US pressure, Lula delays Brazi...
Coles caught disguising price hikes as fake specials in bombshell court ruling
Coles misled shoppers with illusory discounts, a court has ruled after a landmark case brought by the consumer watchdog.
Why buying gold in UAE will now be more cheaper for Indian expats
Dubai: India’s decision to raise import duties on gold and silver to 15% from 6% is reshaping buying patterns across the Gulf, with UAE jewellers expecting stronger demand from Indian residents, tourists, and investors.For UAE residents, the change could translate into significantly lower prices compared with India, especially during the upcoming summer travel and wedding season.Get updated faster and for FREE: Download the Gulf News app now - simply click here.Duty-free limits According to Sham...
Inside the South Korean mines that will provide U.S. with key metal for Iran War
In South Korea, an American company is mining for rare minerals used to make weapons and ammunition. Trade tensions with China have strained access to the mineral, tungsten, and the war with Iran is forcing the U.S. to find even more of it. NBC’s Janis Mackey Frayer reports from South Korea.
Govt hikes duty on gold, silver from 6% to 15% in bid to lower demand
In an effort to curb demand, India's finance ministry has doubled the customs duty on gold and silver to 15%, significantly increasing domestic prices. This move follows Prime Minister Modi's appeal to reduce gold purchases, as India is the world's second-largest buyer of the precious metal.
Inflation is getting worse, Americans are feeling the impact
Wholesale prices in the U.S. jumped 6% last month compared to a year ago, the highest annual increase in more than three years. Gas prices are driving the increase, and Americans are feeling the impact. Jo Ling Kent reports.
China's most critical issue is Taiwan, also central to America's economy
Chinese President Xi Jinping has called Taiwan "the most important issue" between his country and the U.S. About 10% of the population in Taiwan wants to reunify with mainland China, and there are real fears that it will fall under communist control. Tony Dokoupil and Anna Coren break down its importance to China and the U.S.
Who is Kevin Warsh, the former banker set to lead US Federal Reserve?
International Business News: Kevin Warsh, a longtime Republican economic adviser and former Federal Reserve governor, has been confirmed as the next chair of the US Federal Reserv.
Housing market in England and Wales weakening due to Iran war, say estate agents
Homebuyers more cautious due to possible mortgage rate rises and higher inflation as sellers sit on propertiesFears of higher mortgage rates and rising inflation as a result of the Middle East conflict are leading to a subdued and downbeat housing market, according to estate agents.Demand from potential homebuyers across England and Wales has shown a “noticeable softening” recently, according to a monthly survey of estate agents by the Royal Institution of Chartered Surveyors (RICS). Continue re...
Trust in water companies plunges to new low amid soaring household bills
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New stamps issue celebrates ‘skill, ambition and design’ of castles
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Regional divide as house prices came under increased pressure in April – report
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The true impact of Net Zero revealed as Britain's £92billion industry teeters on the edge
The true impact of Britain's drive towards Net Zero has been revealed, with the nation's £92billion car industry seeing production drop by nearly 60 per cent in the last 10 years.The exclusive report has been provided to GB News by Facts4EU, in collaboration with Stand for Our Sovereignty and The Campaign for an Independent Britain. According to the think-tank, UK is producing 1 million fewer cars than it was a decade ago.Former Conservative minister Lord Redwood told the People's Channel: “Fact...
AI Bond Binge Overwhelms Wall Street, Pushing Alphabet Overseas
Bankers were still putting the final touches on Alphabet Inc.’s blockbuster $17 billion of bond sales when word started to spread Monday morning on Wall Street: the company is already hawking more debt.
Oil Steady Ahead of Trump-Xi Talks as Iran War Tensions Simmer
Oil was steady ahead of a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, which is being held against the backdrop of the Iran war that shows no signs of a near-term resolution.