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Chinese investors cheer Tesla’s AI chip progress, pushing up shares of local suppliers
Chinese suppliers of parts for Tesla’s electric vehicles (EVs) and robots saw their stock prices gain on Thursday morning as the US tech giant announced that its AI5 artificial intelligence inference chip was 45 days ahead of schedule. After a nearly 7.7 per cent jump in Tesla’s Nasdaq-listed stock on Wednesday, shares of the company’s Chinese suppliers were up by as much as 4.6 per cent on Thursday morning local time. Shanghai-listed Ningbo Tuopu Group and Shenzhen-listed Zhejiang Sanhua...
New home prices in China’s biggest cities record first rise in 10 months
Mainland China’s first-tier home prices edged up 0.2 per cent in March, rising after nine months of losses and no change in February, but it is too soon to declare the property market stable without sustained improvement in homebuying demand, according to analysts. Compared with a month earlier, March home prices were flat in Beijing, rose 0.3 per cent in Shanghai and Guangzhou, and gained 0.2 per cent in Shenzhen, according to data released by the National Bureau of Statistics (NBS) on...
China trims US Treasury holdings amid rising debt supply as global ownership hits record
China continued to diversify its foreign exchange reserves in February, trimming its US Treasury stockpile even as overall overseas holdings of sovereign American debt rose to a record high. China’s stockpile of United States Treasuries fell to US$693.3 billion in February, down from US$694.4 billion in January, according to US Treasury Department data released on Wednesday. Although China slightly increased its US Treasury holdings in January, the uptick did little to alter a broader downward.....
BCL Globiz introduces transparent, unlimited accounting packages with summer 2026 offer
In an increasingly complex financial landscape, businesses in the UAE are seeking accounting partners that offer not just compliance, but clarity, flexibility, and trust. Addressing this growing demand, BCL Globiz has unveiled its comprehensive range of accounting and tax compliance packages—designed to simplify financial management for businesses of all sizes. BCL Globiz offers four structured packages—Essential, Grow, Advanced, and Elite—each tailored to meet varying business requirements...
UAE labour market remains stable, workers' wages paid on time: MoHRE - Emirates 24|7
UAE labour market remains stable, workers' wages paid on time: MoHRE Emirates 24|7
Naguib Sawiris doubles UAE investments to $30 billion, citing confidence in real estate market - Emirates 24|7
Naguib Sawiris doubles UAE investments to $30 billion, citing confidence in real estate market Emirates 24|7
New record! Apple’s India vendors export $2.5 bn components to China; may reach $3.5 bn
Several Apple suppliers in India contributed to shipments to China, including Foxconn, Tata Electronics, Tata-owned Pegatron Technology India, Motherson, Salcomp, TRIL Bangalore and Yuzhan Technology.
Tesco warns profits could fall amid Iran war uncertainty
UK’s biggest supermarket voices caution for year ahead despite annual profits rising 8.5% to £2.4bnBusiness live – latest updatesTesco has warned that profits could fall back in the year ahead amid “increased uncertainty caused by the conflict in the Middle East”.The warning came after the UK’s biggest supermarket hit its highest share of the market in a decade. Continue reading...
Australia secures 100million diesel lifeline after Anthony Albanese flew to Asia for crisis talks
Australia secures 100million diesel lifeline after Anthony Albanese flew to Asia for crisis talksFuel deals struck with a number of Asian nationsREAD MORE: NSW considers stockpiling fuel reservesBy NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA and ZAC DE SILVA FOR AAP Published: 07:47, 16 April 2026 | Updated: 07:47, 16 April 2026 e-mail View comments
Fuel supply fears after blaze tears through crucial Australian refinery
Columns of fire engulfed a crucial Australian oil refinery after a chain of explosions, authorities said on Thursday, as they warned of disruptions to domestic fuel supply. Flames as high as 60 metres erupted late on Wednesday after a gas leak ignited at the Viva fuel plant in Victoria state, firefighters said, one of only two working oil refineries in Australia. The refinery, about an hour’s drive southwest of state capital Melbourne, pumps out about 10 per cent of Australia’s fuel, according t...
BA pilot 'accused of secretly filming and sharing sex sessions footage' is 'sacked'
BA pilot 'accused of secretly filming and sharing sex sessions footage' is 'sacked'British Airways has reportedly sacked a pilot over allegations he filmed sex sessions involving multiple women and shared the footage without consent. A police investigation is underwayNewsTim Hanlon News Reporter07:45, 16 Apr 2026Updated 07:59, 16 Apr 2026View ImageBritish Airways have allegedly sacked a pilot(Image: John Mallett/ProSports/Shutterstock)A British Airways pilot "accused of...
I'm an Aussie farmer - and this is why the war in Iran might actually be a GOOD thing for our country
I'm an Aussie farmer - and this is why the war in Iran might actually be a GOOD thing for our countryFarmer's plea for change as fuel crisis deepensHe says Australia doesn't needs to be self-reliantREAD MORE: Aussie truckies share urgent warning industry faces wipeout By MATT JONES, SENIOR NEWS REPORTER, AUSTRALIA Published: 07:43, 16 April 2026 | Updated: 07:43, 16 April 2026 e-mail View comments
Abu Dhabi Fund Led by Crown Prince Inks $2.3 Billion Jordan Deal
A newly created wealth fund overseen by Abu Dhabi’s crown prince has signed a $2.3 billion pact for a railway project in Jordan, highlighting the role the entity is likely to play in advancing the emirate’s strategic relationships.
Iranian Rial buying: Pakistanis warned against potential risks
BusinessMust ReadIranian Rial buying: Pakistanis warned against potential risksBy Web Desk-Apr 16, 2026Pakistan’s currency markets are witnessing growing interest in purchasing of Iranian Rial amid ongoing tensions between the United States and Iran. Market data indicates that prior to the conflict, 10 million Iranian Rials were valued at approximately Rs2,500. In recent days, however, the same amount has surged to around Rs10,000, marking a fourfold increase in the currency’s value. Chairman of...
Iranian Rial buying: Pakistanis warned against potential risks
Pakistan’s currency markets are witnessing growing interest in purchasing of Iranian Rial amid ongoing tensions between the United States and Iran. Market data indicates that prior to the conflict, 10 million Iranian Rials were valued at approximately Rs2,500. In recent days, however, the same amount has surged to around Rs10,000, marking a fourfold increase in the currency’s value. Chairman of the Exchange Companies Association of Pakistan, Malik Bostan, speaking on Bakhabar Savera, said...
Want to work abroad? Watch out for this latest scam putting jobseekers at risk
Dubai: Philippine authorities have warned that a new form of human trafficking is emerging, with Filipinos being lured with fake overseas employment offers and, in some cases, allegedly forces them into foreign military service upon arrival.The alert has been issued by the Inter-Agency Council Against Trafficking (Iacat) following an emergency case conference convened involving “a specific complaint” of Filipinos recruited under false pretences.“The Iacat is undertaking a formal inquiry into a v...
IMF managing director meets Aurangzeb, hails Pakistan’s reform progress, macroeconomic stability
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has commended Pakistan’s “continued progress on economic reforms” under the Fund’s programme and the resulting macroeconomic stability. She met with Finance Minister Muhammad Aurangzeb on the sidelines of the IMF–World Bank Spring Meetings 2026 in Washington, where the finance czar had arrived on Monday. During his visit, Aurangzeb was expected to participate in over 50 high-level engagements from April 13 to 18. “Great to...
Dubai’s EmiratesNBD opens earlier mortgage access for off-plan Dubai Holding properties
Dubai: Dubai Holding Real Estate and Emirates NBD have launched a new financing model that will allow buyers of off-plan homes in Dubai to secure mortgage approval earlier in the purchase process.Dubai Holding Real Estate and Emirates NBD have launched a new financing model that will allow buyers of off-plan homes in Dubai to secure mortgage approval earlier in the purchase process, as the emirate seeks to sustain momentum in its fast-growing property market.Sign up for our daily business newsle...
Chinese Economy Blows Past Growth Forecasts Despite Mideast War | The China Show 4/16/2026
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
DA hike has been delayed, but will you get it this year?
DA hike has been delayed but will you get it this year