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India’s retail inflation jumps to over one-year high at 3.48 per cent in April

India's retail inflation climbed to a 13-month high of 3.48% in April, primarily fueled by soaring food prices. Consumer Food Price Index accelerated to 4.20%, with rural inflation outpacing urban rates. While silver and gold jewellery saw significant price hikes, tomatoes surged, but potatoes and onions experienced deflation. This marks the second consecutive monthly rise, nearing the RBI's target.

General Atlantic CEO on QIA Partnership Expansion

The expansion of the partnership between Qatar Investment Authority and General Atlantic was a "great opportunity" said Chairman and CEO Bill Ford, after QIA announced it was committing $500 million to General Atlantic’s global growth equity investment strategies. Ford made the comments in an interview with BTV's Joumanna Bercetche on Tuesday. (Source: Bloomberg)

Waitrose to lock champagne in 'smart cabinets' and put joints of meat in 'nets' in bid to stop shoplifting epidemic

Waitrose to lock champagne in 'smart cabinets' and put joints of meat in 'nets' in bid to stop shoplifting epidemicGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By FREYA BARNES, NEWS REPORTER Published: 12:13, 12 May 2026 | Updated: 12:13, 12 May 2026 e-mail View comments

Foreign companies’ exit from Russia contributes to growth of production — Novak

The economy grew at a very high rate in 2023-2024, the Russian deputy prime minister noted

Retail inflation inches up to 3.48% in April, driven by rising food prices

Retail inflation inches up to in April driven by rising food prices

JPM's Lakos: Dwindling Oil Inventories Could Force Reopening of Hormuz

Traffic in the Strait of Hormuz remains at a standstill, with the US President saying the ceasefire is on "massive life support". Dubravko Lakos, Global Head of Market Strategy at JPMorgan, says inventories have helped to offset to the energy shock so far, but we're now heading towards so-called "operational stress levels" that could potentially force the reopening of the Strait. Lakos joined Bloomberg's Francine Lacqua at JPMorgan's Global Markets Conference in Paris. (Source: Bloomberg)

Aukus costs balloon with more cash and staff for submarine agency amid ongoing search for nuclear waste dump

Labor has announced funding for Australian Submarine Agency will jump to $512m in next financial year amid concerns the sovereign submarine fleet may never arriveFederal budget 2026 LIVE updates: Australia government budget announcement and speech – latest newsExplore all of our 2026 Australia federal budget coverageGet our breaking news email, free app or daily news podcastThe budget for Australia’s contentious Aukus deal has ballooned by more than $430m over four years, with the agency charged...

US workers overwhelmingly support union-backed policies on AI, poll says

Nine out of 10 workers express support for policies on artificial intelligence that labor unions may fight forUS workers overwhelmingly support pro-worker policies on artificial intelligence (AI) and view labor unions as the most reliable protectors of workers from the effects of AI, according to a new poll released by the AFL-CIO, the largest federation of labor unions in the US.More than nine out of 10 workers surveyed expressed support for policies on artificial intelligence that labor unions...

$40,000 home equity loan vs. $40,000 HELOC: Which is cheaper this May?

MoneyWatch: Managing Your Money $40,000 home equity loan vs. $40,000 HELOC: Which is cheaper this May? 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 Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNew...

Pacsun CEO Shares A Retail Reinvention Story Rooted In Community, Culture, And Collaboration

BusinessPacsun CEO Shares A Retail Reinvention Story Rooted In Community, Culture, And CollaborationByForbes Books Press Release Official,Forbes Books Author.for Forbes Books NewsAUTHOR POSTExpertise and opinions of authors published by ForbesBooks. Imprint operated under license. | Paid ProgramMay 12, 2026, 07:00am EDTPacsun CEO Brieane Olson releases “Co-Created: The Cultural Strategy That Redefined Pacsun” with Forbes Books. ISBN-13: 979-8887508078FORBES BOOKSNEW YORK (May 12, 2026)—Co-Create...

Lotus boss calls for UK government support as it commits to Norfolk plant

Sports carmaker extends lifespan of petrol-engined Emira, made in Norfolk, to continue to cater for US marketBusiness live – latest updatesThe boss of the luxury sports carmaker Lotus has called for government support for its UK factory as the Chinese-owned company insisted it will not abandon its British roots.Lotus said it had extended the lifespan of the £80,000 Emira petrol-engined sports car, made by 900 employees in its factory in Norfolk, in order for the brand to continue to serve the US...

Indian man shares how 40-hour work weeks in Germany boosted his productivity

Indian man shares how hour work weeks in Germany boosted his productivity

UK Approves Early Power-Project Funding in Race for Grid Parts

The UK approved more early construction funding for power-grid projects, as part of efforts to boost renewables generation and secure equipment amid supply-chain snarls and competition from other nations.

Swatch Quashes US Activist Attempt to Shake Up Hayek Stronghold

Shareholders of The Swatch Group AG rejected US activist investor Steven Wood’s push for a seat on the watchmaker’s board of directors for a second time, reinforcing the controlling Hayek family’s hold on the company.

Kuwait to 'explore new opportunities' around building strategic storage in Pakistan’s petroleum sector

ISLAMABAD: Kuwait agreed on Tuesday to “explore new opportunities” around building strategic storage in Pakistan’s petroleum sector, a statement by the Petroleum Division said, adding that the initiative could result in mutual benefit for both sides. The assurance came during a meeting between petroleum Minister Ali Pervaiz Malik and Kuwait’s ambassador to Pakistan, Nassar Abdulrahman Jasser Almutairi, in Islamabad. “Both sides discussed prospects...

Petrol & diesel prices frozen for 4 years - how deep is India's fuel dilemma?

India assures stable fuel supplies despite global disruptions and rising crude prices. However, unchanged domestic rates are causing significant losses for oil marketing companies, leading to a pressing question about potential price hikes. The government faces a fiscal burden from absorbing price shocks through tax cuts.

UK borrowing costs jump amid uncertainty over PM's future

UK borrowing costs jump amid uncertainty over PM's futureJust nowShareSaveAdd as preferred on GoogleMichael RaceBusiness reporterGetty ImagesGovernment borrowing costs jumped on Tuesday amid uncertainty over the future of Prime Minister Sir Keir Starmer.The effective interest rate on borrowing over 10 years rose to 5.13%, near levels last seen during the 2008 global financial crisis.Financial markets have been on edge due to fears that the Iran war will push up inflation and lead to interest rat...

Sicily police investigate illegal race with horse-drawn carts and Kalashnikovs

Horses seized and several people questioned after animal rights activist shares video of race along country roadsA video showing an illegal horse race in Sicily, with spectators firing pistols into the air and brandishing Kalashnikov rifles, went viral and prompted a police investigation that led to the seizure of the animals.The clip, reportedly filmed last Friday, shows two jockeys driving horse-drawn carts at breakneck speed along country roads in the town of Palagonia, near Catania, in easte...

OMCs losing Rs 1,000 crore a day: Petrol minister Puri highlights mounting losses

Indian consumers are shielded from soaring global crude prices, but state fuel retailers are facing immense financial strain. Companies are losing approximately Rs 1,000 crore daily, with cumulative under-recoveries reaching nearly Rs 1.98 lakh crore. This price freeze, while ensuring supply, puts significant pressure on their balance sheets and future operations.

आज 11 लाख करोड़ स्‍वाहा! मार्केट में आई सुनामी, सेंसेक्‍स 1500 अंक टूटा