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BBC to cut 2,000 jobs after ‘savage’ phone call with staff
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Morgan Stanley CEO Pick on Iran, Inflation Risk and Private Credit
Morgan Stanley CEO Ted Pick discusses his perspectives on current market conditions and financial sector developments, including his concerns about "imported" inflation from the war in Iran and the recent concerns about the private credit market. He speaks with Lisa Abramowicz on "Bloomberg Open Interest." (Source: Bloomberg)
Snap Inc blames AI as it lays off 1,000 workers
Cuts by Snapchat’s parent company come in response to a declining stock price and pressure from an activist investorSnapchat’s parent company plans to lay off 16% of its employees, around 1,000 people, citing “rapid advancements in artificial intelligence”, the social media company told staff on Wednesday in an internal memo. The staff reduction is part of a wave of tech industry layoffs in the past year, with many firms blaming AI for the cuts.Snap Inc’s layoffs follow demands last month from I...
Man, 21, rejected three times from binman job after nine-month unpaid internship
Man, 21, rejected three times from binman job after nine-month unpaid internshipBryan Rowe completed a nine-month unpaid internship with Southampton City Council but was rejected three times for a job as a binman — his mum slammed the decision as "cruel and unfair"NewsElizabeta Ranxburgaj16:21, 15 Apr 2026View 2 ImagesBryan Rowe was rejected from a binman job three times(Image: Family/Solent News)A young man said he was rejected for a binman job with the council three times despite com...
IMF advises Pakistan to phase out fuel subsidies, broaden tax base for medium-term sustainability
ISLAMABAD: Projecting Pakistan’s fiscal deficit at around 3.2 per cent of the gross domestic product (GDP) and a slightly declining primary surplus from 2.5pc, the International Monetary Fund (IMF) has advised phasing out fiscally draining fuel subsidies, addressing contingent liabilities and broadening the tax base for credible medium-term sustainability. In its twice-a-year Fiscal Monitor 2026, the IMF projected Pakistan’s revenue to have already peaked with a downward but stable outlook in th...
Cleveland Federal Reserve President: Interest rates on hold ‘for a good while’
The Cleveland Federal Reserve President on Wednesday predicted that interest rates may stay where they’re at for a “good while” as economists debate the best response to the impact of tariffs and the war in Iran. “My baseline is that we’re going to remain on hold for a good while, but I do think that…
K-Electric appoints Shaheryar Chishti as new board of directors chairman
K-Electric’s (KE) stated in a disclosure to the Pakistan Stock Exchange (PSX) on Wednesday that Shaheryar Chishti had been appointed as the new chairman of the power utility’s board of directors. “We are pleased to notify you that following the election of directors during the extraordinary general meeting held on April 2, 2026, the board of directors, in its meeting held on April 15, 2026, has appointed Shaheryar Chishty as the chairman of the board,” the disclosure, seen by Dawn, read. It add...
Russia doubles wheat exports to African country
Rising milling capacity in Sudan is boosting demand for grain, Agroexport has said Russian wheat shipments to Sudan have more than doubled, the Russian agriculture export agency Agroexport said on Tuesday. Exporters delivered about 1.7 million tons since the start of the 2025/26 season, compared to 0.7 million tons over the same period a year earlier. That volume has already exceeded the roughly 1.1 million tons shipped during the entire previous season. The increase is...
Bihar's New CM Samrat Choudhary: Controversies and Political Journey
Bihars New CM Samrat Choudhary Controversies and Political Journey
Big US banks rake in near-$50bn profit as Iran war shakes markets
Six lenders, including Bank of America, Morgan Stanley and JP Morgan report jump in first-quarter earningsBusiness live – latest updatesBig US banks raked in nearly $50bn (£37bn) worth of profits in the first three months of the year, as they benefited from stock market turbulence triggered by the US-Israeli war on Iran.Wall Street’s largest lenders have reported a jump in first-quarter earnings, reflecting the surge in demand for trading services as investors dumped risky stocks and bonds and s...
Gina Rinehart has been forced to share her riches. But will she fight on or end the family feud?
A 15-year court battle costing millions of dollars ended in a partial defeat for the tycoon. Will she now bury the hatchet or double down and keep fighting her children and rivals?Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastGina Rinehart does not like to lose.Engaged in bitter legal battles for most of the past 35 years, Australia’s richest person has shown her propensity to fight tooth and nail to retain control of her family’...
After 95% Drop, Brazil’s Worst Stock Is Ready for a Makeover
Hapvida has fallen a very long way. Shares of the healthcare provider are down 95% from their 2021 peak, wiping out more than $16 billion in market value. Over the last 12 months, it’s the worst-performing stock in Brazil’s benchmark equity index by far.
Yellen says ‘no alternative’ to dollar, urges US-China cooperation for sake of the world
A decoupling between China and the United States is something “that you don’t want to see”, says former US Treasury secretary Janet Yellen, adding that both countries have developed deep trade and investment relationships that should be preserved and encouraged to thrive. Speaking in Hong Kong at the HSBC Global Investment Summit on Wednesday, Yellen also argued that China’s reliance on exports for growth – resulting in a trade surplus with the rest of the world – has created “serious conflicts”...
WeWork CEO on the Flexible Work Boom
WeWork’s CEO John Santora joined Bloomberg Open Interest to break down the company’s comeback after bankruptcy, revealing how profitability, a hybrid real estate strategy, and the rise of flexible work are reshaping the office market. He explains why companies are permanently shifting toward flex space. (Source: Bloomberg)
Prosecutors make surprise visit to Federal Reserve construction site: Reports
Prosecutors from the Department of Justice (DOJ) visited the Federal Reserve’s headquarters on Tuesday as part of a probe into the central bank and its chair, Jerome Powell, according to multiple reports.  The New York Times reported that prosecutors Carlton Davis and Steven Vandervelden, along with investigator Matthew Fox-Moles, visited the Fed’s construction site but…
Cotton production dwindles for various reasons
As one of the leading cash crops of Pakistan, cotton, continues to suffer dwindling production, the academia has asked the farmers, private companies, government and academicians to join hands for collaborative steps to stave off the situation. In this regard the Department of Plant Breeding and Genetics at Sindh Agriculture University (SAU), Tandojam, organised a conference on Tuesday. The speakers ascribed to climate change, lag in the technological innovation in seed development, high input...
Major blow for Australia's richest woman after two rival mining dynasties won parts of a bitter legal stoush over Gina Rinehart's multi-billion dollar iron ore empire
Major blow for Australia's richest woman after two rival mining dynasties won parts of a bitter legal stoush over Gina Rinehart's multi-billion dollar iron ore empireA legal battle for mining magnate Gina Rinehart has endedHeirs of Wright Prospecting and DFD Rhodes too her to courtShe will be required to pay royalties, interest and costsBy AARON BUNCH FOR AUSTRALIAN ASSOCIATED PRESS Published: 15:51, 15 April 2026 | Updated: 15:51, 15 April 2026 e-mail View comments
Majority of America’s farmers say they can’t afford fertilizer in new survey
A new survey revealed that a majority of U.S. farmworkers say they cannot afford fertilizer due to rising costs caused by the U.S.-Israeli conflict in Iran. The survey released by the American Farm Bureau Federation (AFBF) on Tuesday shows that 70 percent say fertilizer is too expensive and has left them unable to purchase the…
Unhappy Verstappen ‘has to be listened to’ over new rules, says F1 chief Domenicali
Red Bull driver outspoken about regulation changes ‘In a meeting he was very keen to give suggestions’Formula One must listen to Max Verstappen’s grievances about the sport’s new regulations and their impact on racing, according to F1’s chief Stefano Domenicali as key players hold meetings to consider adjusting the rules for the remainder of the season.Verstappen has been outspoken in his dissatisfaction with the new formula and the key part energy management now plays in preventing being able t...
Kimmel, Colbert silent on Eric Swalwell scandal after platforming Democrat
Late-night shows "Jimmy Kimmel Live!" and "The Late Show with Stephen Colbert" did not bring up former Rep. Eric Swalwell's alleged sexual misconduct scandal during Monday and Tuesday's shows.Swalwell announced Monday he will officially resign from office after his sexual misconduct allegations triggered a surge of lawmakers calling for his expulsion over the weekend. He suspended his campaign for California governor on Sunday.Swalwell has used late-night interviews to announce some of his polit...