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Insurance pool of Rs 13,000 crore for Indian ships
The Indian government has launched a $1.5 billion Bharat Maritime Insurance Pool, backed by a $1.4 billion sovereign guarantee, to offer risk cover for Indian vessels on international routes, including war zones. This initiative aims to reduce shipping insurance premiums and guarantee coverage even when global insurers withdraw due to rising risks.
Trump-Xi summit expected to focus heavily on trade, AI
President Trump departed the White House for Beijing on Tuesday to attend a summit with Chinese President Xi Jinping. Chris McGuire, senior fellow at the Council on Foreign Relations, joins CBS News to unpack the topics the leaders are expected to discuss.
Businesses starting to receive their IEEPA tariff refunds
MoneyWatch Businesses starting to receive their IEEPA tariff refunds .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Megan Cerullo Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Megan Cerullo May 12, 2026 / 5:05 PM EDT...
Japan’s Sojitz Eyes Southeast Asia for New Rare Earths Supply
Japanese trading house Sojitz Corp. is looking to Southeast Asia and other regions as new potential sources of rare earths outside Australia, as it aims to boost output and diversify its supply chain of the highly sought-after materials.
CommScope Sued by Lenders for at Least $150 Million Over Alleged Breach
CommScope Holding Co. was sued by a group of lenders who allege the telecommunications provider breached a debt agreement by failing to pay a prescribed premium of at least $150 million following a key asset sale.
S&P 500 & NASDAQ Fall as Oil Jumps | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Wine consumption in world slumps to lowest level since 1957 — OIV
International consumption in 2025 amounted to 208 million hectoliters with the highest demand in the US, France and Italy
Trump Says US Inflation Is 'Short Term'
President Donald Trump says inflation in the US is only "short term." He spoke before leaving for Beijing on Tuesday. US inflation accelerated in April due to rising gasoline and grocery costs, exceeding wage growth. (Source: Bloomberg)
Australia has some of the world's costliest homes. Will scrapping tax breaks help?
Australia has some of the world's costliest homes. Will scrapping tax breaks help?7 hours agoShareSaveAdd as preferred on GoogleTiffanie TurnbullandLana Lam,SydneyGettyAustralia's government has scrapped some tax breaks for investors in a bid to help first home owners.Sebastian Muñoz-Najar has only just finished primary school. The 13-year-old is still years away from learning how to drive. He cannot legally work. He's too young to even have a social media account.But he's already despairing abo...
InMobi’s MobileAction Deal Boosts Agentic Commerce And Global Advertising
BusinessRetailInMobi’s MobileAction Deal Boosts Agentic Commerce And Global AdvertisingBySharon Edelson,Senior Contributor.Forbes contributors publish independent expert analyses and insights. I write about retail and the forces that are redefining shopping.Follow AuthorMay 12, 2026, 04:24pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Glance is InMobi’s consumer agentic commerce platform. COURTESY OF INMOBINaveen Tewar...
Budget 2026 live updates: Coalition pledges to repeal Chalmers’ tax reforms amid mixed reception for ‘difficult’ budget
Shadow treasurer Tim Wilson says his objective is to ‘defeat’ changes to capital gains and negative gearing. Follow today’s news liveSee all our Australia budget 2026 coverageGet our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the top overnight stories and then it will be Krishani Dhanji with the main action.There’s already plenty of reaction today after Jim Chalmers delivered his fifth budget as treasurer last night....
Trump’s Tariff Refund Process Sparks ‘Grave Concerns’ About Consumers Getting Money Back, State Treasurer Cohort Says
BreakingBusinessTrump’s Tariff Refund Process Sparks ‘Grave Concerns’ About Consumers Getting Money Back, State Treasurer Cohort SaysByAlison Durkee,Forbes Staff. Alison is a senior news reporter covering US politics and legal news.Follow AuthorMay 12, 2026, 04:20pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineA group of state treasurers and fiscal leaders pushed President Donald Trump in a letter to make the tar...
Searing U.S. energy prices are driving the hottest inflation in years
MoneyWatch Searing U.S. energy prices are driving the hottest inflation in years .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham May 12, 2026 / 4:19 PM EDT / CBS News Add CBS News on Google The globa...
Cost of Lincoln Memorial reflecting pool repairs nearing $15M
The cost of Donald Trump’s ongoing renovation of the Lincoln Memorial reflecting pool is nearing $15 million, according to federal contract records reviewed by ABC News.
Family Offices Build Stake in Niche Miner After Stock Soars 900%
For decades, the risky world of early-stage mining ventures was the playground of institutional funds and commodity trading houses. But after a more than 900% rally in a little-known Canadian potash developer last year, a new class of investors is moving in: family offices.
Martin Lewis urges 'far more' people' to invest in tax-free shares ISAs
Martin Lewis, the experienced journalist, says most people are missing out much better returns by keeping their money in savings rather than consider investing some of it
IN BRIEF: Key statements by Russian Economic Development Minister at meeting with Putin
Russia is the fourth-largest economy in the world in terms of purchasing power parity and expects to maintain this position
Grocery prices jumped more in April than they had in nearly four years
Iran warGrocery prices jumped more in April than they had in nearly four yearsFresh vegetables are over 44% more expensive today than they were three months ago, on an annualized basis.Listen to this article with a free account00:0000:00The price of coffee over the past rhree months has been rising at a pace that works out to more than 22% annually. Brandon Bell / Getty ImagesShareAdd NBC News to GoogleMay 12, 2026, 3:08 PM EDTBy Allie CanalAfter weeks of warnings that the Iran war would drive u...
Macron unveils $27 billion Africa investment, urges reset with Europe
French President Emmanuel Macron, in Kenya for the Africa Forward summit, called for a ‘fundamental reset’ in Africa.
US Energy Department lowers forecast for Brent oil price of in 2026 to $94.85 per barrel
According to the report, the average Brent crude oil price in 2027 will average $79.39 per barrel