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No internet for 73 days: Digital siege triggers layoffs, economic collapse in Iran

Dubai: Iran’s wartime internet blackout, now in its 73rd day, is spiralling into a full-blown economic crisis, with layoffs mounting, businesses shutting down and millions facing growing hardship under war, sanctions and digital isolation.Internet watchdog NetBlocks describes the backout as the longest recorded national internet shutdown in a connected society, the restrictions are crippling Iran’s private sector and deepening pressure on an economy already battered by years of sanctions and inf...

UK gilt yields creep higher as Starmer speech fails to dispel investor ‘jitters’

Cost of government borrowing rises on concerns about potential for political instability and rising inflationBusiness live – latest updatesUK politics live – latest updatesThe cost of government borrowing has crept higher as Keir Starmer’s crucial speech failed to dispel investor “jitters” in the bond markets over political instability combined with fears of rising inflation.The yield, effectively the interest rate, on the benchmark 10-year UK government bonds (known as gilts) rose eight basis p...

Unheralded EOG: A Focused Oil Company With Clearcut Success Strategy

BusinessEnergyUnheralded EOG: A Focused Oil Company With Clearcut Success StrategyByIan Dexter Palmer, Ph.D.,Contributor.Forbes contributors publish independent expert analyses and insights. Ian writes on fossil energies, climate, and transition to renewables.Follow AuthorMay 11, 2026, 10:19am EDTMay 11, 2026, 10:20am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.EOG Resources company logo. NurPhoto via Getty ImagesThe s...

Should seniors change their gold investing strategies this May? Experts weigh in

MoneyWatch: Managing Your Money Should seniors change their gold investing strategies this May? Experts weigh in 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 Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, i...

मालदीव ने चुकाया भारत से लिए कर्ज की दूसरी किश्त, SBI को ट्रांसफर किए ₹425 करोड़!

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Inside KKR’s High-Stakes Credit Bet

KKR just made a bold $300M move to rescue a struggling private credit fund hit by rising bad loans and falling value. With dividend cuts, a junk rating, and growing pressure on the sector, Bloomberg Credit Editor Bruce Douglas explains what’s going wrong, and whether KKR’s intervention is confidence or damage control. (Source: Bloomberg)

Suvendu govt to roll out ‘Annapurna Bhandar’ scheme from June 1; women to get Rs 3,000 monthly

West Bengal's new BJP government, led by Chief Minister Suvendu Adhikari, has launched the "Annapurna Bhandaar" scheme. Eligible women will receive ₹3,000 monthly, replacing the previous "Lakshmir Bhandar." The cabinet also approved integrating the state with central schemes like Ayushman Bharat and addressing illegal immigration.

जब यहां घर में सोना रखने की हुई थी मनाही, सरकार ने लोगों से ले लिया था गोल्ड!

Short Seller Andrew Left to Face Jury Over Alleged Manipulation

The short selling industry will be in the spotlight this week when one of its most prominent players goes on trial, accused of using explosive social-media posts about dozens of companies to illegally move their stock and make a quick profit.

KKR Injects $300 Million Into Private Credit Fund

KKR & Co. is injecting $300 million into a private credit fund it manages with Future Standard, investing $150 million in preferred equity and tender for $150 million of FS KKR Capital Corp. Bruce Douglas reports on Bloomberg Television. (Source: Bloomberg)

Ovo energy customers urged not to panic as takeover planned

Ovo energy customers urged not to panic as takeover plannedJust nowShareSaveAdd as preferred on GoogleKevin PeacheyCost of living correspondentGetty ImagesConsumer groups have urged customers of energy supplier Ovo not to panic after rival E.On announced plans to buy the company.All existing tariffs will be honoured in full and their gas and electricity service will be unaffected under the planned deal, consumer group Which? said.The takeover is set to create Britain's largest energy suppli...

Private Credit: Trying To Count The Cockroaches

MoneyBanking & InsurancePrivate Credit: Trying To Count The CockroachesByMayra Rodriguez Valladares,Senior Contributor.Follow AuthorMay 11, 2026, 09:56am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.By the time CEO Jamie Dimon spotted the first cockroach, the walls were already full of them.Getty ImagesIn October 2025, JPMorgan Chase CEO Jamie Dimon issued a blunt warning after two high-profile private credit defaul...

Aramco Sees 100 Million-Barrel Oil Loss Each Week Hormuz Is Shut

Global oil markets are losing 100 million barrels every week the Strait of Hormuz is shut, compounding a supply shortage that has already made the Middle East war the most significant supply disruption ever, according to the head of Saudi Arabia’s state oil producer.

Norden Is Assuming Its Ships Will Be Stuck in Hormuz All Year

One of the world’s largest commodity shipping companies is planning for a scenario in which the Strait of Hormuz remains effectively shut for the rest of the year, highlighting how the Iran conflict is upending expectations across the maritime cargo industry.

Stocks Rally Stalls as Trump Pans Iran’s Response to Peace Plan

US equities struggled for direction Monday as strong earnings reports spurred bullish Wall Street strategists to raise their targets on the S&P 500 this year despite lingering concerns about the duration of the Iran war.

Amazon employee shares how he spends Rs 51,000 monthly for 'decent life' in Bengaluru

Amazon employee shares how he spends Rs monthly for decent life in Bengaluru

Council told to explain 'massive loss' as taxpayers foot bill for 'failed venture' pub bought for £1m

Cornwall Council has been told to come clean and explain itself after selling a former pub at auction for £275,000 despite buying it for £1million.The council bought the former General Wolfe pub on Bodmin Road in St Austell through its public services company Conserv, paying £1million for the property in 2020, to provide temporary housing.In 2025, the Local Democracy Reporting Service declared the projected costs of conversion work had significantly increased, with work now set to cost around £2...

What are today's mortgage interest rates: May 11, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: May 11, 2026? 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 CBSNews.com. He write...

SC dismisses appeals against SHC order in TRG shareholding dispute

The Supreme Court (SC) on Monday dismissed a set of appeals instituted by Greentree Holdings Limited (GTH) against a June order by the Sindh High Court (SHC), which had held that GTH shares were the property of private equity firm The Resource Group Pakistan (TRGP). The dispute revolves around a challenge to a June 20, 2025 SHC judgement, in which the SHC had allowed an application of former TRG CEO Muhammad Ziaullah Khan Chishti to be filed under company laws. In its order on June 20, 2025, the...

Why Nike’s CEO bought $2 million worth of shares at a low point for the company

CEO InterviewsWhy Nike’s CEO bought $2 million worth of shares at a low point for the company“We’re in a cleanup mode and we’re [in] resetting mode, getting our foundation set,” CEO Elliott Hill said.Listen to this article with a free account00:0000:00FORSUBSCRIBERSGet more newsLiveonShareAdd NBC News to GoogleMay 11, 2026, 9:13 AM EDTBy Steve Kopack and Craig MelvinNike is in “cleanup mode,” but its chief executive officer has nothing but confidence in the iconic American company.Subscribe to r...