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Pakistan has fiscal space to fight climate crisis: Aurangzeb
• Calls macroeconomic stability ‘basic hygiene’ for unlocking climate funds• WB official says global economy has resources to bridge financing gap ISLAMABAD: Pakistan has adequate local financial capacity to address the impact of climate change, Finance Minister Muhammad Aurangzeb said on Tuesday, stressing that the country should first utilise available domestic resources effectively instead of immediately seeking international support. He was speaking at a session titled ‘Mobilising Climate...
How India turned a 96-hour conflict into a defence export revolution
How India turned a hour conflict into a defence export revolution
I'm a landlord - and I'll slug my tenant with a massive rent hike next week if Anthony Albanese goes ahead with this widely expected change
I'm a landlord - and I'll slug my tenant with a massive rent hike next week if Anthony Albanese goes ahead with this widely expected changeREAD MORE: I'm 13... But I'll be in my 40s before I can afford a house By SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 02:16, 7 May 2026 | Updated: 02:20, 7 May 2026 e-mail View comments
Rising Fuel costs overshadowing agenda for ASEAN summit in the Philippines
ASEAN leaders have begun meeting in the Philippines as residents say their main concern is living costs.
Hedge Fund SPX Capital Faces Shake-Up, Moves to Exit London
Brazilian hedge fund SPX Capital is undergoing a major restructuring, with senior partners departing and a rethink of operations that will include shutting its London office, people familiar with the matter said.
RBNZ’s Frequent Remit Adjustments Risk Policy Error, OECD Warns
New Zealand should reconsider how frequently it adjusts the Reserve Bank’s remit because it raises the risk of monetary policy mistakes, according to the Organisation for Economic Cooperation and Development.
Wall Street Dares to Ask If China’s Property Turnaround Is Close
Just months into China’s housing downturn, the nation’s second-biggest developer declared the worst is over. A year later, its chairman backtracked on the call, and by 2025, it was teetering on the brink of a default.
Surveillance Firm Hawkeye 360 Said to Raise $416 Million in IPO
Hawkeye 360 Inc., a provider of satellite-based signals intelligence for US government agencies, is raising $416 million in a US initial public offering priced at the top of a marketed range, according to people familiar with the matter.
Breaking down Spirit's liquidation process
A lawyer for bankrupt Spirit Airlines said the rising cost of fuel "engulfed" the airline, drained its liquidity, and derailed its restructuring efforts. There's a sense of urgency to expedite the liquidation process because lawyers say it would benefit creditors and customers. Bob Allen, managing editor of Nomadic Aviation Group, which handles private flight operations for the aircraft leasing industry, joins "The Daily Report" to discuss.
How is Dubai protecting investors, supply chains and businesses during conflict
Dubai: Dubai’s economic priorities have not changed despite the pressure placed on oil, shipping, business costs and investor sentiment by the US-Israel-Iran conflict, according to a senior official at the Dubai Economic Development Corporation.Sign up for our daily business newsletter, Cheques & Balances.Mohamad Sharaf, Chief Operating Officer of Investment Attraction at DEDC, the economic development arm of Dubai Economy and Tourism, said the emirate remains committed to the Dubai Economic Age...
S&P 500, Nasdaq end at records on hopes for US-Iran peace deal
Wall Street stocks jumped Wednesday, extending a global rally and lifting major indices to fresh records as oil prices tumbled amid hopes for a US-Iran peace deal.The broad-based S&P 500 rose 1.5 percent to 7,364.99, a second straight all-time high, while the tech-rich Nasdaq Composite Index surged 2.0 percent to 25,838.94, also a second record in a row.The Dow Jones Industrial Average rose 1.2 percent to 49,910.04.Stocks rise, oil falls as traders eye earnings, US-Iran ceasefireGlobal stock...
Labour must slash fuel duty and reduce motorway speed limits to prevent economic damage amid Iran war, says Left-wing think tank
Labour must slash fuel duty and reduce motorway speed limits to prevent economic damage amid Iran war, says Left-wing think tankGet your news delivered straight to you - sign up to the Morning Mail newsletter for FREE to be first with the day's biggest stories By JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR Published: 00:36, 7 May 2026 | Updated: 00:39, 7 May 2026 e-mail View comments
Albanese government to deliver tax relief to struggling businesses - what you need to know
Albanese government to deliver tax relief to struggling businesses - what you need to knowAussie businesses could receive tax reliefA plan is being considered for the Federal BudgetREAD MORE: Top Aussie banker issues brutal message to Albo's governmentBy CAITLIN POWELL - NEWS REPORTER Published: 00:38, 7 May 2026 | Updated: 00:38, 7 May 2026 e-mail View comments
Gulf economies face long-term hit from Iran conflict
Gulf economies face long-term hit from Iran conflictJust nowShareSaveAdd as preferred on GoogleSameer HashmiBusiness reporter, DubaiAFP via Getty ImagesIran has attacked Gulf states in retaliation for Israeli and US bombing on its countryIn the early 1990s, Qatar was grappling with a period of economic strain - high debt levels and weak state revenues were weighing heavily on its finances. To try to transform its fortunes the small Gulf state made a decisive bet on natural gas.It would develop i...
Lower speed limits to avoid £8billion cost of Iran war, think tank suggests
Report warns higher inflation due to the Iran war risks leading to higher government borrowing costs - as it urges ministers to consider £2,000 energy price cap and other measures to lessen the impact
Rare-earth push stalls: US permitting delays undercut bid to curb China’s grip on critical minerals
In the global race for critical minerals — used in defence, EVs and power-generating turbines — America seems to be shooting itself in the foot.How?Through a long and winding permitting process which stands in the way of utilising its own critical mineral resources.Securing mining permits in the US typically takes seven to 10 years, according to an industry report.However, bringing a new mine online, including development and planning, can take an average of 29 years, making it one of the longes...
Rachel Reeves faces £8BILLION a year financial hit as US-Iran war to 'damage the economy'
The Institute for Public Policy Research (IPPR) has issued an urgent warning that the ongoing conflict between the United States and Iran could inflict severe damage on Britain's economy and public finances.According to new analysis from the think tank, a prolonged Middle Eastern war risks costing the Treasury as much as £8billion annually through increased debt servicing costs and diminished tax receipts.The IPPR's modelling suggests that without government intervention, consumer price inflatio...
Lower speed limits could help stop Iran war damaging UK economy, think tank says
NewsUKUK PoliticsLower speed limits could help stop Iran war damaging UK economy, think tank saysInflation could soar and conflict in the Middle East could cost the Treasury £8bn a year, new modelling indicatesKate Devlin Whitehall editor Thursday 07 May 2026 00:01 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showCom...
Deliveroo expanding into restaurant bookings after US takeover
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I'm selling my £370,000 North London flat through a RAFFLE to try to help people get on the property ladder... tickets are £5
I'm selling my £370,000 North London flat through a RAFFLE to try to help people get on the property ladder... tickets are £5 Get your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREEBy ED HOLT Updated: 23:46, 6 May 2026 e-mail 143 View comments