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Oil to get costlier the more Hormuz disruption drags on amid war risks
Dubai: Oil prices are likely to remain elevated, and could rise further in the near term, as ongoing disruption in the Strait of Hormuz and uncertainty surrounding the conflict involving Iran continue to tighten global supply conditions.Brent crude rose 1.7% to $100.16 per barrel on Wednesday, reflecting persistent concerns over whether oil flows from the Arabian Gulf can return to normal levels. Prices have climbed sharply from around $70 before the conflict, underlining how quickly supply risk...
JPMorgan to Add Saudi Riyal Bonds to Key EM Index Next Year
JPMorgan Chase & Co. plans to add Saudi Arabia’s local-currency bonds to its widely followed benchmark emerging-market index in early 2027, a move that would help the kingdom attract more foreign portfolio investment and fund its economic transformation plan.
How SpaceX preempted a $2B fundraise with a $60B buyout offer
Until a few hours before SpaceX announced its deal, giving it the option to acquire Cursor — the maker of AI-powered coding software — for $60 billion, Cursor was on track to close a $2 billion funding round later this week, according to a person familiar with the matter. The round would have valued the company at $50 billion. SpaceX said it would either buy the company at some point later this year or pay $10 billion to Cursor to collaborate on AI development. Cursor was apparently...
Whoopsie! John Swinney forced into rapid U-turn on his cheaper food prices 'gimmick'
Whoopsie! John Swinney forced into rapid U-turn on his cheaper food prices 'gimmick'Click here to visit the Scotland home page for the latest news and sportBy TOM GORDON DEPUTY SCOTTISH POLITICAL EDITOR Published: 20:41, 22 April 2026 | Updated: 20:41, 22 April 2026 e-mail View comments
Luxembourg Minister Lex Delles to Lead Economic Mission to Morocco
Marrakech – Luxembourg’s Economy Minister Lex Delles will arrive in Morocco on May 4 for a four-day official economic mission. The visit will run through May 7, with Casablanca serving as the base. Delles, who also oversees SMEs, energy, and tourism portfolios, will lead a high-level delegation. The Luxembourg Chamber of Commerce will accompany the minister with around 20 companies from multiple sectors. The mission targets Morocco’s ongoing investment push. The kingdom is expanding port...
West London shop to stay open despite illegal worker paid below minimum wage
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India to import record 2.5 million tons of urea at nearly double price paid two months ago
BusinessInternationalIndia to import record 2.5 million tons of urea at nearly double price paid two months agoBy Reuters -Apr 23, 2026India is set to import a record 2.5 million metric tons of urea in a single tender, government sources said, at nearly double the price paid two months ago, as the Iran conflict disrupts global supplies. The record purchases, covering about a quarter of India’s annual imports, are set to tighten global supply and push prices higher, which have already surged du...
Annual inflation reach 5.77% from April 14 to 20 — Russian Economy Ministry
Prices for foods lost 0.04%
Temporary protected status holders add $29bn to US economy, report says
The findings land before supreme court hearing on Trump bid to end protections for Syrians and HaitiansTemporary protected status (TPS) holders, who have historically been protected from deportation due to safety concerns in their home countries, contribute around $29bn every year to the US economy, according to a new report published this week.The findings from this report, which comes from FWD.us, have emerged one week before the supreme court is set to hear arguments challenging the Trump adm...
Ghana cocoa farmers warn bumper harvest threatened by payment delays
InternationalGhana cocoa farmers warn bumper harvest threatened by payment delaysBy Reuters -Apr 23, 2026Cocoa farmers in Ghana say payment delays of up to six months are preventing them from harvesting a rain-boosted mid-crop, despite strong yields in the world’s second-largest producer. Farmers told Reuters this week that the delays have drained their operating funds, leaving them unable to hire labour or cover harvesting costs in Ghana, where the cocoa sector supports the livelihoods of som...
Fair Isaac Shares Slump as Pulte Moves to Cut Credit Score Costs
Shares of Fair Isaac Corp., known as FICO, sank on Wednesday, after the US government took steps that officials said were aimed at cutting costs for credit scores and making homeownership accessible to a wider swath of buyers.
UK targets illegal crypto trading in London crackdown
InternationalUK targets illegal crypto trading in London crackdownBy Reuters -Apr 23, 2026The UK’s Financial Conduct Authority (FCA) on Wednesday swooped on eight London addresses suspected of illegal peer-to-peer crypto trading in its first such operation with other agencies, the financial regulator said on Wednesday. Working with tax officials and police under money laundering and terrorist financing regulations, the FCA said it had issued cease and desist letters at each site. “Evidence...
Trump’s Shopping Spree for Equity Stakes Nears $21B
Bloomberg's Scarlet Fu joins Dani Burger on "Bloomberg Deals." The Trump administration’s $20.9 billion buying spree for equity stakes in private-sector companies is the biggest such push into strategic industries since the Second World War, according to research by the Council on Foreign Relations. (Source: Bloomberg)
Amid Golf Boom, PE Firm KSL Is Set To Buy A Top Course Operator For $2.6 Billion
BETAThis is a BETA experience. opt-out hereBusinessEditors' PickAmid Golf Boom, PE Firm KSL Is Set To Buy A Top Course Operator For $2.6 BillionInvited Clubs, the largest private golf course owner and operator in North America, with 125 clubs in its portfolio, is being acquired by KSL Capital Partners, which already owns Heritage Golf Group and its 47 courses.Illustration by Philip Smith for ForbesByHank Tucker,Forbes Staff. Hank Tucker is a Forbes staff writer covering finance and investin...
US Could Own Up to 90% of Spirit
Bloomberg's Siddharth Philip joins Dani Burger and Scarlet Fu on "Bloomberg Deals." The Trump administration is nearing a rescue package for Spirit Airlines that could give the US government the option to own as much as 90% of the carrier once it emerges from bankruptcy, according to people familiar with the matter. (Source: Bloomberg)
Lewis Moody ‘picking up baton’ left by Doddie Weir with MND fundraising cycle ride
Former England captain plans to ride 500 miles in seven days2003 World Cup winners among the fundraisersThe former England captain Lewis Moody has said he is “picking up the baton” left by Doddie Weir after announcing plans to lead a 500-mile, seven-day cycling challenge this summer to raise funds for the fight against motor neurone disease.Moody will be joined by many of his fellow 2003 World Cup winners, including Jonny Wilkinson, Mike Tindall and Ben Kay, as well as his teenage sons on a jour...
Microsoft being sued for £1.7 billion over ‘abusing position’ in cloud computing
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$50,000 home equity loan vs. $50,000 HELOC: Here's which costs less per month now
MoneyWatch: Managing Your Money $50,000 home equity loan vs. $50,000 HELOC: Here's which costs less per month now 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...
'Early Innings' of US Rare-Earth Independence: Humpton
Barbara Humpton, CEO of USA Rare Earth, joins Dani Burger on "Bloomberg Deals." USA Rare Earth agreed to acquire Brazil’s Serra Verde Group in a $2.8 billion cash-and-stock transaction, marking one of the largest deals in the rare-earths industry. (Source: Bloomberg)
Trump in advanced talks with Spirit Airlines about possible bailout
The Trump administration is having advanced discussions with Spirit Airlines about a potential bailout loan of up to $500 million in exchange for warrants that would allow the government to take an ownership stake in the company, sources tell CBS news. CBS News' Shanelle Kaul has more.