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Bessent Tells Japan That FX Volatility Is 'Undesirable'
US Treasury Secretary Scott Bessent echoed his Japanese counterpart Satsuki Katayama by characterizing excess foreign-exchange volatility as undesirable in another indication of tacit US approval of Japan’s recent market intervention. “We both believe that excess volatility is undesirable,” Bessent said Tuesday in Tokyo, as he continued a day of meetings with senior officials in Japan including Katayama and Japanese Prime Minister Sanae Takaichi. He confirmed his team will maintain close contac...
LNG Pioneer Souki Talks Energy Markets Amid Tensions
Energy markets on edge as a fragile Middle East ceasefire hangs in the balance. Charif Souki, the founder of Cheniere Energy who helped transform the US into the world’s largest LNG exporter, discusses the outlook on “Bloomberg Open Interest.” (Source: Bloomberg)
MLB, union begin negotiations over new labor deal
Baseball’s march to a likely lockout is underway.Representatives from the commissioner’s office at Major League Baseball and their counterparts at the Players Association met Tuesday in New York City to start what’s expected to be a lengthy negotiation process en route to a new labor deal, a person briefed on the negotiations who was not authorized to speak publicly said.Advertisement
U.S. bank disclose security lapse after sharing customer data with AI app
Community Bank, which operates in Pennsylvania, Ohio, and West Virginia, disclosed a cybersecurity incident that exposed customers’ names, dates of birth, and Social Security numbers. In an 8-K filing dated May 7 with the U.S. Securities and Exchange Commission, the bank said it detected an exposure of customers’ personal data due to the use of “an unauthorized artificial intelligence-based software application.”
UAE workforce grows 2.5% in first quarter of 2026
Dubai: The UAE’s labour market continued its upward trajectory in the first quarter of 2026, with the Ministry of Human Resources and Emiratisation (MoHRE) reporting a 2.5 per cent increase in workforce growth alongside a rise in the number of registered establishments.According to ministry statistics, the workforce recorded annual growth of 12.4 per cent during 2025, while the number of establishments increased by 7.8 per cent over the same period, reinforcing indicators of economic resilience...
Pound wobbles and bonds suffer as Starmer battles on
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Labour plotters v stubborn Starmer: will he resign? – The Latest
Tensions are running high in Westminster as Keir Starmer tells his cabinet he is not going anywhere. But with several ministers quitting the government and more than 80 MPs calling for him to go, how much longer has the prime minister got?Lucy Hough speaks to political editor Pippa Crerar Continue reading...
Chip Stocks Down on Momentum and Not CPI, Bokeh's Forrest Says
Kim Forrest, Bokeh Capital Partners chief investment officer, says Tuesday's selloff is just a pause in momentum for skyrocketing chip stocks, not a shock from a hotter-than-estimated inflation report. She speaks with Ed Ludlow and Caroline Hyde on "Bloomberg Tech." (Source: Bloomberg)
Regulator announces probe into Scottish Youth Parliament after ex-chair jailed
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Data reveals 42% drop in Canadian visits to U.S. last year
World Phone data reveals 42% drop in Canadian visits to U.S. last year By Ahmad Mukhtar Ahmad Mukhtar Producer Ahmad Mukhtar is a producer for CBS News based in Toronto, Canada. He covers politics, conflict and terrorism, with a focus on news from Canada and his home nation of Afghanistan, which he left following the Taliban's return to power in 2021. Read Full Bio Ahmad Mukhtar May 12, 2026 / 12:22 PM EDT / CBS News Add CBS News on Google Toronto — The neighbors just aren't visiting the way the...
Don't dump your Premium Bonds just yet - here's why I expect rates to rise... and soon: SYLVIA MORRIS
Don't dump your Premium Bonds just yet - here's why I expect rates to rise... and soon: SYLVIA MORRISBy SYLVIA MORRIS, THIS IS MONEY AND DAILY MAIL SAVINGS EXPERT Updated: 17:10, 12 May 2026 e-mail 61 View comments
Morgan Stanley's Gapen Expects Inflation to Peak in May or June
Morgan Stanley Chief US Economist expects US inflation to peak this year in May or June. He says the latest CPI report will keep the Federal Reserve on the sidelines for the rest of this year. He speaks on Bloomberg Surveillance. (Source: Bloomberg)
Biggest US Grid May Be Too Large to Function, Regulator Says
PJM Interconnection LLC, the biggest power grid in the US, may have become too big to adequately function and needs urgent reform, Federal Energy Regulatory Commission Chair Laura Swett said at the grid operator’s annual meeting.
Why UHNW Families Must Evaluate Troubleshooting Mastery When Selecting A Wealth Manager
BusinessWhy UHNW Families Must Evaluate Troubleshooting Mastery When Selecting A Wealth ManagerByMichael Gold CFP, MBA, CEPA,Forbes Books Author.for Forbes BooksAUTHOR POSTExpertise and opinions of authors published by ForbesBooks. Imprint operated under license. | Paid ProgramMay 12, 2026, 11:45am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Your wealth manager should function as a conductor who brings together the rig...
Alphabet Offers Eight-Tranche Deal in Its Debut Yen Bond Sale
Alphabet Inc. has begun marketing its first-ever bond sale in yen, further broadening its funding channels as the Google parent sharply increases capital spending to finance artificial intelligence efforts.
JPMorgan Fully Committed to EU, EMEA Co-Head Wiltz Says
Matthieu Wiltz, JPMorgan EMEA co-CEO, says M&A, equity and debt capital markets, and leveraged finance had a “booming” first quarter with a solid pipeline, and that investor appetite and cash levels support decent performance in coming months despite geopolitical uncertainty. (Source: Bloomberg)
Indian rupee hits new record below 26 as oil surge boosts UAE remittance value
Dubai: The Indian rupee slid to a record low against the US dollar, giving UAE-based remitters one of the strongest exchange-rate opportunities in recent years as rising oil prices and sustained foreign investor outflows intensified pressure on Asia’s third-largest economy.Get updated faster and for FREE: Download the Gulf News app now - simply click here.At 7pm UAE time, Dh1 fetched Rs26.08, according to XE.com, while the rupee weakened to 95.80 against the dollar. The decline means Indian expa...
US Soy Growers Want Commitments From China as Season Slips Away
As US President Donald Trump travels to Beijing for a summit this week with his Chinese counterpart Xi Jinping, American soybean farmers are in a now-familiar spot: Fields are getting planted when demand from their biggest customer is uncertain.
EQT Taps Qatari Funding as Bids for €8 Billion VW Unit Near
Swedish buyout firm EQT AB is tapping funding from the Qatari sovereign fund as it prepares to make a binding bid for Volkswagen AG’s large marine engine unit by a deadline next month, people with knowledge of the matter said.
Russia’s agricultural production growth expected at 2.5%-4.3% in 2027-2029
A decline of 1.4% is forecast for the current year