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British fashion retailer to close popular shop today as another enters administration
British fashion retailer to close popular shop today as another enters administrationToday one beloved fashion retailer is having a closing-down sale, while another fashion brand has entered administration and shut its websiteCommentsLifestyleAndrea Blazquez Editor of Spare Time and Chanelle Georgina Senior Audience Writer14:50, 15 Apr 2026View 3 ImagesThe high street keeps changing(Image: Alexander Spatari via Getty Images)British fashion retailer New Look is closing its Carrickfergus branch in...
UAE elected to WFP Executive Board as Hormuz disruptions threaten global food security
The United Arab Emirates has been elected to the Executive Board of the World Food Programme (WFP) for the 2026–2028 term, at a time of unprecedented global food security challenges and mounting risks linked to the near-total disruption of traffic through the Strait of Hormuz—developments that could push tens of millions into acute hunger.The UAE’s election underscores its pivotal role within the global humanitarian ecosystem. Dubai hosts the United Nations’ largest humanitarian logistics hub, s...
US officials claim China is ‘hoarding’ oil. What does the data say?
Though high-level officials in Washington have accused China of undermining global energy security by “hoarding” oil during the US-Israeli war on Iran, import and inventory data suggest Beijing is facing its own supply pressures as the conflict drags on. US Treasury Secretary Scott Bessent on Tuesday labelled China an “unreliable global partner,” alleging that Beijing has prioritised stockpiling crude over easing global shortages triggered by the war, according to a Reuters report. He also...
Sacred business!
I left Pakistan for America many years ago because I did not want to always pray in order to be able to pay my fee for various things. Little did I know that that little phrase would reverse itself in America where I would be required to pay a fee so I can pray. One of the most visible brands in America is the famous retail store called Walmart. It always tells its customers "Save Money, Live Better". It always struck me as odd because in America one must spend money to save money. Wh...
IMF's forecast
Fresh projections from IMF have offered a sobering, yet not entirely discouraging, snapshot of Pakistan's economic trajectory. According to the global lender, economic growth is now expected to settle at 3.5% in the next fiscal year, down from earlier estimates, while inflation is projected to rise to 8.4%. In isolation, these figures may appear underwhelming. Placed within the context of a volatile global environment and heightened regional tensions, however, they signal that stability is h...
Lloyds Bank recommends 'ten-minute' check for first-time buyers
Lloyds Bank recommends 'ten-minute' check for first-time buyersThe bank said customers looking to buy could complete the check without affecting their credit scoreCommentsMoneyAmber O'Connor Money and Lifestyle reporter U35s14:27, 15 Apr 2026View 3 ImagesThe check could give you a better idea of what properties you can afford (stock photo)(Image: Getty)Lloyds Bank has highlighted a 'ten-minute' check available for first-time buyers. The bank explained that an Agreement i...
Financial bloc of government to target stimulation of economic growth — Putin
The head of state stressed that he awaited proposals on extra measures aimed at resumption of growth of the national economy, support of business initiatives and improvement of the employment structure favoring industries with more efficient jobs
Gulf Trucking Bypass Moves Metal, Consumer Goods Around Strait
With the near closure of the Strait of Hormuz in its second month, producers of everything from metal to consumer goods in the Persian Gulf are turning to land transport in an effort to keep their products flowing.
Economic shock from Iran war risks driving up global debt levels, says IMF
Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report saysIran war escalation could trigger global recession, IMF warnsBusiness live – latest updatesThe Iran war risks triggering a rise in global debt levels, forcing governments to choose between cushioning a cost of living shock and maintaining sound public finances, the International Monetary Fund has warned.Against a volatile backdrop of the Middle East conflict, the Washington-based fund...
BBC to cut up to 2,000 jobs in biggest downsize in 15 years
Announcement comes before Matt Brittin replaces Tim Davie as director general next monthBusiness live – latest updatesThe BBC is to cut as many as 2,000 jobs in the biggest down-sizing of the public service broadcaster in 15 years.Staff are set to be informed of the cuts, which will affect about 10% of the BBC’s 21,500 staff, at an all-staff meeting on Wednesday. Continue reading...
Wales wing Neumann ruled out for rest of Six Nations
Wales wing Neumann ruled out for rest of Six NationsImage source, Huw Evans Picture AgencyImage caption, Wing Lisa Neumann started every game for Wales in the 2025 Rugby World CupPublished6 minutes agoWales wing Lisa Neumann has been ruled out of the remainder of the Women's Six Nations with a hamstring injury.The 32-year-old Harlequins player was forced off in the second half of Wales' 24-19 opening-round defeat by Scotland on Saturday. The Welsh Rugby Union (WRU) says her replacement...
Govt weighs spot LNG as Iran war hits supply, ramps up domestic oil and gas
Minister for Petroleum Ali Pervaiz Malik said on Wednesday that the government is considering buying liquefied natural gas (LNG) on the spot market to offset supply disruptions caused by the Iran war, but would favour government-to-government deals to avoid paying steep premiums. Qatar's force majeure has forced Pakistan to make costly spot purchases or find alternative fuels ahead of summer demand. Spot LNG cargoes have surged to $20 to $30 per mmBtu amid the Middle East conflict, Mali...
Below-normal rains and West Asia tensions may push inflation higher
Belownormal rains and West Asia tensions may push inflation higher
Rachel Reeves rakes in extra £215million from drivers in little over six weeks thanks to higher pump prices sparked by Iran war, analysis shows, sparking fresh calls to follow other countries and cut petrol taxes
Rachel Reeves rakes in extra £215million from drivers in little over six weeks thanks to higher pump prices sparked by Iran war, analysis shows, sparking fresh calls to follow other countries and cut petrol taxesBy DAVID CHURCHILL Published: 14:18, 15 April 2026 | Updated: 14:20, 15 April 2026 e-mail View comments
What are today's mortgage interest rates: April 15, 2026?
MoneyWatch: Managing Your Money What are today's mortgage interest rates: April 15, 2026? 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 for CBSNews.com. He wri...
Fed’s Hammack Says Baseline Is Rates on Hold for a ‘Good While’
Federal Reserve Bank of Cleveland President Beth Hammack said interest rates are well positioned and she prefers for them to remain steady, but also sees the possibility they may need to be adjusted in either direction.
هشدار اتحادیه اروپا درباره تلاطم شدید بازار انرژی در صورت تداوم جنگ ایران
خبرگزاری رویترز به نقل از منابع دیپلماتیک گزارش داد اتحادیه اروپا به کشورهای عضو هشدار داده در صورت تداوم جنگ ایران، بازارهای انرژی با کمبود طولانیمدت عرضه روبهرو میشوند و این وضعیت کشورها را ناچار خواهد کرد مصرف سوخت را کاهش دهند.
Analysts doubt Iran war will prompt China stimulus, tip ‘solid’ first-quarter GDP growth
The US-Israeli war on Iran and the current Iranian and American blockades of shipping through the Strait of Hormuz are likely to overshadow China’s first-quarter economic performance, analysts said, with questions looming large about how the world’s second-largest economy will handle their impact. Many observers said they expect the leadership in Beijing will adopt a wait-and-see approach, with little likelihood of an immediate stimulus to guarantee the country’s annual economic target is...
EU budget chief pitches collaboration and bonds on Hong Kong leg of Asia tour
The European Union will remain open to capital from mainland China and Hong Kong even as the bloc pursues a “de-risking” strategy in certain key sectors, its budget chief has said on his first visit to the city. Piotr Serafin, the European Commissioner for Budget, Anti-Fraud and Public Administration, also said that the EU was keen to explore opportunities for financial collaboration with Hong Kong in areas such as green bonds, describing the city as a “bridge” to Asia. It is understood...
IMF Says Treasuries Losing Premium, Warns US on Debt Management
The International Monetary Fund warned Wednesday that the escalating scale of US debt issuance is undermining the premium Treasuries have commanded from investors, with implications for government securities across the globe.