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What does the Saudi Arabia PIF's change in approach mean for Newcastle?
What does PIF's change in approach mean for Newcastle?Image source, Getty ImagesImage caption, Saudi Arabia's Public Investment Fund bought a majority stake in Newcastle United in 2021ByCiaran Kelly, Newcastle United reporter and Dan Roan, Sports editorPublished5 minutes agoCommentsSaudi Arabia's Public Investment Fund (PIF) set out to disrupt, but the fund has sent tremors through the world of sport in a very different way this week.On Wednesday, Yasir Al-Rumayyan - the fund'...
The real cost of war: Economies don't bounce back easily
The real cost of war Economies dont bounce back easily
Stock market jumps after Israel-Lebanon ceasefire, Hormuz opening
The stock market saw a boost after the opening bell Friday morning, after a 10-day ceasefire between Israel and Lebanon took effect and Iran declared the Strait of Hormuz “completely open.” The S&P 500 was up 1.1 percent, and the Nasdaq Composite rose 1.4 percent as of 10:30 a.m. EDT. The Dow Jones Industrial Average…
Airfare Prices Won’t Drop Soon: Brian Kelly
Airlines are hiking prices, cutting perks, and travelers still can’t get enough. Points Guy Founder Brian Kelly joins Bloomberg Open Interest to break down why airfare isn’t dropping anytime soon, how airlines are quietly stripping value from tickets, and why massive demand is keeping the entire system afloat despite rising costs and frustrations. (Source: Bloomberg)
Oil prices fall dramatically as Iran announces Strait of Hormuz reopening
Oil prices dropped dramatically on Friday as Iran announced that it was opening the Strait of Hormuz, a critical oil shipping lane. International benchmark Brent crude plummeted 12 percent while U.S. benchmark WTI fell an even more dramatic 14 percent as of Friday morning. The war in Iran and subsequent closure of the Strait sent oil prices skyrocketing in…
Emerging Currencies Erase War Losses as Traders Bet on Peace
A key gauge of emerging-market currencies has fully recovered its losses from the start of the US-Iran war, driven by optimism that the conflict is de-escalating after Iran reopened the Strait of Hormuz.
US Eyes More Namibian Uranium Imports as AI Drives Nuclear Push
The US is weighing boosting uranium imports from Namibia, the world’s third-biggest producer, and supporting greater output of the nuclear fuel through its mining companies and government financing, America’s top diplomat in the southern African nation said.
Website part-owned by Boehly offers Chelsea FA Cup tickets for £1,705
Website part-owned by Boehly offers Chelsea FA Cup tickets for £1,705Image source, Getty ImagesImage caption, American businessman Todd Boehly has been co-controlling owner of Chelsea since June 2022, when the BlueCo consortium he is part of purchased the club from former owner Roman AbramovichByDaniel AustinBBC Sport senior journalistPublished4 minutes agoChelsea fans are "upset and confused" that a website part-owned by Chelsea chairman Todd Boehly is offering tickets for the club&#x...
Energy-saving measures hit furniture industry
The energy-saving programme, under which all shops, markets and factories across the city are required to close by 8pm, has disrupted the furniture market, delaying the preparation of wedding furniture sets ordered by families. A 100 to 150 per cent increase in raw material prices has further complicated matters, prompting furniture shop owners to demand higher payments even for previously booked orders. It has led to disputes between families and shop owners, while wedding dates are also being...
Cattle market auction fetches Rs305m
The Rawalpindi Cantonment Board has auctioned the contract of the Bhatta Ground cattle market for one year at Rs305 million, with a provision for a two-year extension subject to a 10 percent annual increase. Over three years, the cantonment board is expected to generate more than Rs1 billion in revenue. In addition to Eidul Azha, the cattle market will now also operate every Tuesday and Wednesday, strengthening the livestock business in the Rawalpindi region and boosting meat and dairy markets....
The troubling state of Premier League club finances as record losses hit £1.6bn
English Premier League clubs generated record operating losses last season even as revenues soared to new heights, analysis from The Athletic has found. Across the 20 teams in what is routinely cited as the world’s richest football league, underlying deficits hit a combined £1.65billion ($2.24bn) in 2024-25, a 43 per cent increase in a single year. Expenditure across the three main cost categories — wages, transfer fee amortisation, and operating expenses — rose by £911m, almost double the colle...
Canada Stocks Recover Losses From Iran Conflict as Strait Opens
Canadian stocks jumped Friday and reversed all of their losses since the war in the Middle East began after Iran said the Strait of Hormuz is open to commercial ships, fueling hopes the conflict may be nearing an end.
Petrol Price in Pakistan likely to decrease after Hormuz decision: Minister
BusinessMust ReadPetrol Price in Pakistan likely to decrease after Hormuz decision: MinisterBy Web Desk-Apr 17, 2026ISLAMABAD: Federal Minister for Energy Awais Ahmed Khan Leghari has stated that petrol price is likely to decrease following the reopening of the Strait of Hormuz for commercial trade today, ARY News reported. The Federal Minister took to his X account to state that, through the extensive efforts of Prime Minister Shehbaz Sharif and Field Marshal Syed Asim Munir, Pakistan has becom...
Free electricity facility ends in Pakistan
PakistanFree electricity facility ends in PakistanBy Web Desk-Apr 17, 2026ISLAMABAD: The government of Pakistan has permanently abolished the provision of free electricity units for employees in the power sector, in what officials describe as a major policy decision. The federal minister for Energy, Awais Leghari, has said the supply of free electricity to power sector workers is now a thing of the past. Awais Leghari has welcomed a related court ruling in this regard and called the move a posit...
Hormuz reopens: What Iran’s move means for oil and war
Iran has announced that the Strait of Hormuz is fully open to commercial shipping, marking a significant shift after weeks of disruption during the ongoing Middle East conflict.The move comes as a fragile ceasefire between Israel and Hezbollah in Lebanon appears to be holding, raising cautious hopes of a broader de-escalation. But the reopening is not a full return to normal — with the United States maintaining a blockade on Iranian ships and negotiations with Tehran still unresolved.Oil prices...
Russian gas crucial for preserving Europe’s industry — envoy
Kirill Dmitriev made the comment in response to a post by Slovak Prime Minister Robert Fico, who said that Slovakia is filing a lawsuit with the Court of Justice of the European Union over the ban on imports of Russian gas
Venezuela Bonds Rally as IMF Resumes Formal Contact with Caracas
Venezuela’s dollar bonds are rallying on Friday as the International Monetary Fund’s decision to resume contact with authorities in Caracas lifts investor sentiment toward the nation’s defaulted debt.
Oil and gas prices fall nearly 10% after Iran says strait of Hormuz is open
Brent crude drops and gas prices slide amid hopes Donald Trump will succeed in reaching deal with TehranOil and gas prices tumbled by almost 10% on Friday after Iran said the strait of Hormuz would open to commercial shipping, potentially clearing the way for tankers holding millions of barrels of oil and gas to reach the global market.Iran’s foreign minister said that vessels would be free to transit the strait of Hormuz for the duration of the 10-day ceasefire between Israel and Lebanon struck...
Pakistan re-entres global bond markets after four years with $500m Eurobond
BusinessMust ReadPakistan re-entres global bond markets after four years with $500m EurobondBy Web Desk-Apr 17, 2026ISLAMABAD: Pakistan has successfully re-entered international financial markets after a gap of four years, issuing a $500 million Eurobond, according to an official statement. The bond has been issued for a three-year tenure, marking a significant step in the country’s efforts to restore investor confidence and strengthen its external financing position. Despite challenging global...
The Iran war has caused the cost of jet fuel to surge. Here's how travelers are impacted.
Since the war in Iran began, the cost of jet fuel has doubled due to shortages. Now, the head of the International Energy Agency says Europe has "maybe six weeks or so" of jet fuel left if disruptions in the Strait of Hormuz continue. Airlines around the world are now canceling flights and increasing fares and fees. Kris Van Cleave explains.