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Cotton stocks at ‘lowest ebb’ ahead of ginning season
LAHORE: The cotton sector is facing an unprecedented supply crisis as stocks in the country have reportedly fallen below 10,000 bales before the start of the new ginning season, raising fears that some textile mills may partially shut down in the coming weeks due to cotton shortages. It is perhaps the first time in the country’s history that cotton inventories had dropped to such critically low levels ahead of the new crop season. The closure of the Pakistan-Afghanistan border earlier prevent...
JPMorgan Hikes Kospi Bull Case Target to 10,000 on Memory Boom
JPMorgan Chase & Co. raised its targets for South Korean stocks for the second time in less than a month, citing improvement in the semiconductor cycle, corporate governance reforms and industrial-sector growth.
Trans Green MSP 'couldn't wait for late Queen to kick the bucket' and branded monarch 'lizard Lizzie'
A newly-elected Green MSP has come under fire for social media posts which appeared to look forward to the late Queen Elizabeth II "kicking the bucket".Bradford-born Iris Duane - a biological male who identifies as a woman - was elected as a member of the Scottish Parliament for the Glasgow region on Friday. However, shortly after the Scottish Greens candidate was elected, a controversial social media post from January 2022 was unearthed. It read: “I cannot wait till big lizard Lizzie kicks the...
Modi Urges Indians to Conserve Fuel
Indian Prime Minister Modi appealed to citizens to cut fuel use and said measures from the Covid pandemic such as working from home and online meetings should be used.
Budget may include income tax relief amid salary, pension freeze
ISLAMABAD: The government is considering reducing the income tax burden on salaried individuals while refraining from increasing salaries and pensions in the upcoming budget, aiming to provide equitable fiscal relief to both public and private sector employees. Informed sources told Dawn that Finance Minister Muhammad Aurangzeb has expressed a desire to lower tax rates and, if possible, raise the taxable income threshold for the salaried class in recognition of their significant contribution to...
Daily wage earners’ suicide 31% of total, highest in a decade
Daily wage earners constituted 31% of all suicide deaths in 2024, the highest in a decade, with 52,910 such fatalities. This marks a significant increase from previous years, as the total number of suicides nationwide rose to 1.7 lakh. Family problems and illness remain the primary reported causes for these tragic deaths.
Australia’s Budget May Lead to Lower Bond Supply, Analysts Say
Australia’s yield curve may flatten and its premium to US Treasuries narrow if the government signals a pullback in bond issuance next year, reflecting more restrained fiscal spending, according to strategists.
Nintendo shares plunge after profit warning
Nintendo shares fell nearly 10 percent on Monday after the Japanese gaming giant warned of lower profits and said it would hike the price of its Switch 2 console.The company said Friday it expected net profit to plunge 27 percent in the current financial year, with analysts pointing to a lacklustre line-up of new games.Soaring prices for memory chips fuelled by the artificial intelligence boom have also hit makers of game consoles and other devices, while disruptions linked to the Iran war have...
China’s Factory Inflation Hits Post-Covid High After Cost Shock
China’s factory prices grew at the fastest pace since the pandemic four years ago as the fallout from the Iran war sharply raises costs.
Chinese Refiner Seeing Strong Platinum Demand From New Contract
A major Chinese metals refiner is seeing a large volume of demand for platinum to deliver against a new local futures contract, a sign of how the product is luring more of the metal into the country.
Goldman Says Yuan 20% Undervalued, Boosts Currency Forecasts
The Chinese yuan is more than 20% undervalued against the US dollar, according to Goldman Sachs Group Inc., which expects the currency to keep strengthening over the coming year.
Yen Bears Retreat as Intervention Seen Capping Currency Weakness
Bearish yen positions have seen a significant reduction after Japanese authorities intervened to support the currency, underscoring how official action is unwinding a crowded trade.
Former Treasury economist warns Australia faces biggest housing market correction in 40 years amid rate hikes and recession fears
Former Treasury economist warns Australia faces biggest housing market correction in 40 years amid rate hikes and recession fears READ MORE: The seven Aussie banks bucking the trend and cutting ratesBy SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 01:56, 11 May 2026 | Updated: 01:56, 11 May 2026 e-mail View comments
Pudsey Bear to speak for the first time in more than 40 years
The iconic BBC Children in Need mascot will appear in a short film, 'Pudsey Finds His Voice', alongside 11-year-old actor Dexter Sol Ansell during Mental Health Awareness Week.
Oil prices jump after Trump dismisses Iran proposal to end war
Oil prices jump after Trump dismisses Iran proposal to end war22 minutes agoShareSaveAdd as preferred on GoogleOsmond ChiaBusiness reporterAFP via Getty ImagesOil prices rose in Monday morning trade in Asia after President Donald Trump said Iran's response to US proposals to end the war was "totally unacceptable".Tehran sent its response via Pakistan, which has served as a mediator between the two sides, calling for an immediate end to the conflict and guarantees of no further US-...
UAE e-invoicing deadline extended: What this means for businesses now
Dubai: UAE businesses now have extra time to prepare for the country’s mandatory e-invoicing system after authorities extended the deadline for appointing an accredited service provider (ASP) to October 30, 2026.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The Ministry of Finance announced the extension as companies across sectors continue preparing for one of the biggest changes to the UAE’s tax and invoicing framework in recent years. The earlier deadline...
UAE property buyers stay in the market despite regional tensions
Dubai: UAE property buyers are taking longer to make decisions as regional uncertainty weighs on sentiment, with nearly 45% of market participants still planning to buy a home within the next 12 months.Sign up for our daily business newsletter, Cheques & Balances.The bigger signal for buyers is that this slowdown is not being driven by distressed owners rushing to sell. More than 60% of existing property owners plan to hold or expand their portfolios over the next six months, while only around 4...
Britain to lose 163,000 jobs amid Iran war fallout - with two UK regions hit the hardest
Two of the UK's lowest income regions will suffer the most painful jobs market woes in 2026, driven by sharp energy price rises and supply chain disruption from the Iran war, a new report suggests
TikTok creator's online fundraiser to buy Spirit Airlines raises over $335 million
TikTok creators online fundraiser to buy Spirit Airlines raises over million
Savage bloodbath expected with 163,000 jobs at risk in biggest work calamity since the pandemic
Savage bloodbath expected with 163,000 jobs at risk in biggest work calamity since the pandemicGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR Published: 00:13, 11 May 2026 | Updated: 00:16, 11 May 2026 e-mail View comments