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Indian Fund Outperforming 98% of Peers Bets on Defense Stocks
A $3 billion fund at Kotak Mahindra Asset Management Co. is backing Indian defense stocks, wagering that geopolitical tensions will boost local arms production and support the government’s efforts to lower reliance on imports.
Indian Officials See Iran War Oil Shock as Disruptive as Covid
Indian officials say the Iran war could be as disruptive to the economy as the Covid pandemic was six years ago and the damage could linger for years to come, threatening to knock the world’s fastest-growing major nation off its path.
Australia fuel watch tracker: check current petrol and diesel prices, service station outages and shipments – in charts
How much fuel does Australia have left today, and when could we run out? Track how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country.Get our breaking news email, free app or daily news podcastThe federal government has released fuel reserves, cut fuel excise taxes and rolled out a national fuel security plan as Australia battles a fuel crisis.While we know there have been outages and price increases, it can be difficult to get a full picture of what is...
Pakistan receives $2bn from Saudi Arabia: SBP
The State Bank of Pakistan (SBP) said on Thursday that the country has received $2 billion from the Ministry of Finance, Kingdom of Saudi Arabia, in a post on X. State Bank of Pakistan has received funds of US$2 billion from Ministry of Finance, Kingdom of Saudi Arabia in the value date of 15April2026. — SBP (@StateBank_Pak) April 16, 2026 The central bank said the funds were received “in the value date of April 15, 2026”. The news comes a day after Prime Minister Shehb...
The Papers: 'Summer of shortages' and 'War windfall'
'Summer of shortages' and 'War windfall'Just nowShareSaveAdd as preferred on GoogleA "summer of shortages" could hit the UK's supermarket shelves, according to the Times, as the Iran war affects production of chicken, pork and other goods. Citing secret government analysis, the paper says "fears grow that the closure of the Strait of Hormuz will lead to a shortage of carbon dioxide, which is critical to the food industry". BBC Newsnight has been told...
Illinois woman works 3 jobs to make dream possible for her and her grandmother
When an Illinois grandmother had to sell her house after years of love and good memories, her granddaughter worked three jobs to make a dream possible. Tony Dokoupil has the story.
Singapore Dollar to Outperform Peers as Yuan Link Deepens
The Singapore dollar may maintain its lead over Southeast Asian peers as it trades increasingly in lockstep with offshore yuan while keeping its deeply inverse correlation with the greenback, a Bloomberg analysis shows.
Why investors keep choosing UAE despite regional tensions
Dubai: Capital continues to flow into the UAE despite rising regional tensions, with investors leaning on policy stability, regulatory clarity and long-term economic planning when deciding where to deploy funds.Sign up for our daily business newsletter, Cheques & Balances.That confidence is visible across asset classes and investor profiles, with institutions, hedge funds, entrepreneurs and technology firms all expanding their presence in the country, even as geopolitical risks remain part of th...
Bessent says Trump tariffs could return by July after Supreme Court setback
Treasury Secretary Scott Bessent suggested Tuesday that President Donald Trump’s tariffs could be restored as early as July, signaling a rapid pivot by the Trump administration after the Supreme Court struck down Trump’s IEEPA-based tariffs earlier this year, forcing the administration to turn to other trade authorities."We had a setback at the Supreme Court in terms of the tariff policy," Bessent said Tuesday at an event hosted by the Wall Street Journal. "But we will be implementing or conduct...
Major fire at Australian oil refinery to impact nation's petrol supplies
Major fire at Australian oil refinery to impact nation's petrol suppliesJust nowShareSaveAdd as preferred on GoogleLana LamSydneyAustralian Broadcasting Corporation/Tara WhitchurchThe Viva refinery produces about 120,000 barrels of oil per dayA major fire has broken out at one of Australia's two oil refineries, deepening fears over the nation's petrol supplies amid a global fuel crunch.Emergency crews rushed to Viva's Corio oil refinery in Geelong, southwest of Melbourne, jus...
Gor, Puri discuss strengthening India-US energy partnership
The meeting comes at a time when the West Asia war has hit India’s energy supplies from its traditional suppliers in the Gulf
Treasury secretary says Americans can already see refunds as Trump's tax breaks kick in
Treasury Secretary Scott Bessent said Americans are already seeing record refunds as President Trump's new tax breaks start to kick in. Nancy Cordes reports.
Iraq-bound supertanker makes second run at Hormuz blockade
A supertanker heading to Iraq made a second attempt Wednesday (April 15) to pass through the Strait of Hormuz into the Arabian Gulf, even as Iran warned that Red Sea trade could grind to a halt as US naval blockade threatens the fragile ceasefire.The crude carrier Agios Fanourios I, which is not blacklisted by any jurisdiction, becomes the first crude tanker to move west through the Hormuz chokepoint since the US began a naval blockade in the Gulf of Oman on Monday. The Malta-flagged very l...
Time to end the biomass scam: Drax, Britain's largest carbon emitter, received £1bn in subsidies last year - £2.7m a day and more than £100k an hour, which we all pay for
Time to end the biomass scam: Drax, Britain's largest carbon emitter, received £1bn in subsidies last year - £2.7m a day and more than £100k an hour, which we all pay forBy CLAIRE ELLICOTT, WHITEHALL EDITOR Published: 00:01, 16 April 2026 | Updated: 00:03, 16 April 2026 e-mail View comments
Drax claimed record £999m in subsidies for burning trees in 2025, thinktank says
Company has received about £8.7bn in renewable energy subsidies since 2012, despite claims wood pellets are not sourced sustainablyThe owner of the Drax power plant in North Yorkshire received record subsidies of almost £1bn for burning trees to generate electricity in 2025, a climate thinktank has calculated.The company was paid £999m last year for generating about 4.5% of Great Britain’s electricity from its biomass plant, costing each household £13 a year, according to analysts at Ember. Cont...
Chancellor cuts bills for thousands more firms as she continues Washington talks
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Hotspots where asking rents have surged revealed amid wider price standstill
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Sigenergy Jumps 100% in Hong Kong Debut After $562 Million IPO
Shares of Sigenergy Technology Co., a Chinese maker of energy storage equipment, jumped in their Hong Kong trading debut Thursday after the company raised HK$4.4 billion ($562 million) in an initial public offering, a sign of investor demand in an industry swept up in a frenzied rally.
Kganyago Cites Zulu War to Signal Preemptive Inflation Move
South Africa’s central bank governor referenced an 1879 battle in the Anglo-Zulu war in his views on how to tackle the coming wave on inflation from the Iran war shocks, implying a preference to raise interest rates sooner rather than later.
Jury funds concert giant Live Nation acted as an illegal monopoly
A Manhattan jury sided with more than 30 states which argued Live Nation, the owner of Ticketmaster, is a “monopolistic bully.” The jury also ruled the company overcharged fans. NBC News’ Emilie Ikeda reports.