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Pakistan plans 2-hour daily power cuts as Iran war drives up energy costs
Pakistan is implementing two-hour evening power cuts due to soaring energy costs and Iran war-related disruptions. Reduced hydropower and reliance on expensive fossil fuels are straining the nation's finances. While urban areas face shorter outages, rural regions, particularly under MEPCO, are experiencing severe, prolonged blackouts, with gas supply to power plants also significantly impacted.
Morgan Stanley Stock Traders See Record-Breaking Quarter
Morgan Stanley’s stock traders took in $5.15 billion in the first three months of the year, a 25% jump that came in ahead of expectations and boosted total trading revenue to $10.7 billion. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
Norwegian group in talks to buy former Liberty Steel works in South Yorkshire
UK official receiver understood to prefer Blastr as buyer for SSUK’s electric arc furnace in Rotherham and site in StocksbridgeBusiness live – latest updatesUK officials have entered exclusive talks with a Norwegian startup to buy the former Liberty Steel works in South Yorkshire, in a significant step towards its rescue.Norwegian-owned Blastr is understood to be the bidder preferred by the government’s official receiver to take on ownership of the UK’s largest existing electric arc furnace in R...
'Check now' as winner has just three weeks to claim £1million prize
'Check now' as winner has just three weeks to claim £1million prizeIf the money isn't claimed by May 3 it will be lost foreverCommentsNewsNeil Shaw Assistant Editor (Money and Lifestyle)12:40, 15 Apr 2026View 3 ImagesBundles of twenty pound sterling banknotesA millionaire who has failed to claim their winning EuroMillions prize has just three weeks to contact lottery bosses or lose the money forever. Lottery bosses are trying to find the winner of a EuroMillions ticket purchased i...
Abu Dhabi’s XRG Upbeat on European Prospects, Open to More M&A
Abu Dhabi’s state oil company, which recently closed a three-way merger to create a $60 billion petrochemical behemoth, said it’s confident about Europe’s economic prospects and remains open to new deals.
अगले हफ्ते US दौरे पर जाएगा भारतीय डेलिगेशन, ट्रेड डील और नए टैरिफ स्ट्रक्चर पर होगी बात
US
Warning oil prices may never truly go back to ‘normal’
NewsBusinessWarning oil prices may never truly go back to ‘normal’Rising insurance costs, reduced ship traffic and longer transit routes have all added further friction to global oil supply chainsFlavio Macau The Conversation Wednesday 15 April 2026 12:37 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":tru...
US destroyer interdicts two oil tankers trying to leave Iran during Trump's blockade
A U.S. destroyer interdicted two oil tankers that were trying to leave Iran on Tuesday, a U.S. official said, as part of the Trump administration’s blockade on Iranian ports. The official told Reuters that the ships left Chabahar port on the Gulf of Oman before being contacted by the U.S. warship through radio communication. The official added that the tankers were among the six vessels that U.S. Central Command (CENTCOM) said Tuesday obeyed orders from American forces to turn around and head ba...
Meet The Asian Billionaires Powering The Global AI Boom
The world’s AI advance has deep roots in Asia, as the region is home to advanced semiconductor manufacturing, rapid data center buildouts and the development of highly cost-efficient large language models that are powering services in the West.
Reliance Power Share: अनिल अंबानी के शेयर का गदर, आज रॉकेट की तरह भागा, 13% उछला
Reliance Power Share
Solaria Eyes Stake in €4 Billion Telefónica, ACS Data Center JV
Solaria Energía y Medio Ambiente SA is in talks to join a state-backed consortium seeking to develop a €4 billion ($4.7 billion) data center hub in Spain, part of broader European efforts to expand digital infrastructure, according to people familiar with the matter.
Jockey Club invested HK$1 billion into basketball betting, will use it for football now
Hong Kong’s sole legal betting operator had earmarked HK$1 billion (US$127.7 million) and hired 180 people to develop a basketball wagering system, but will now take a financial hit after the government announced this week it was halting plans for its roll-out, a source has said. The source close to the Hong Kong Jockey Club told the South China Morning Post on Wednesday that it had already invested HK$400 million for preparatory work, including setting up a dedicated basketball betting system,....
BofA Equity Traders Post Record Quarter on Market Volatility
Bank of America Corp.’s traders notched the highest quarterly revenue in more than a decade, as revenue from equity trading climbed 30% to $2.8 billion in the first quarter. Fixed-income trading fell short of a consensus of analyst estimates. Dani Burger reports on Bloomberg Television (Source: Bloomberg)
‘Meaningful relief for borrowers’ as banks prepare to cut mortgage rates
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Trump dismisses gas price concerns saying he’s happy oil is ‘only’ at $92 a barrel after spike from Iran war
NewsWorldAmericasUS politicsTrump dismisses gas price concerns saying he’s happy oil is ‘only’ at $92 a barrel after spike from Iran warGas prices remain at highest levels in years amid ongoing war with IranAndrew Feinberg in Washington, D.C. Wednesday 15 April 2026 12:15 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"...
PNC Reports $7 Billion of Exposure to Private-Credit Providers
PNC Financial Services Group Inc. said its exposure to private-credit firms stood at $7 billion, joining other big banks in shedding more light on such loans as investors fear possible spillovers from stress in the space into banks.
Franco Manca to shut 16 restaurants in restructuring with 225 jobs at risk
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China’s foreign trade posts strongest start in five years
China’s foreign trade surged to a record high in the first quarter of 2026, signalling renewed momentum in the world’s second-largest economy despite a turbulent global backdrop marked by geopolitical tensions and slowing demand. Official data released by the General Administration of Customs (GAC) showed that total imports and exports reached 11.84 trillion yuan ($1.63 trillion) in the January-March period, marking a 15% year-on-year increase. This is the first time China’s f...
Govt apologises for excessive loadshedding, blames it on reduced hydropower availability
ISLAMABAD: The government on Wednesday apologised to power consumers for higher than promised “load management” arising out of lower water availability for power generation. In a statement, the Power Division said it was “apologising for the additional load management necessitated by reduced hydropower availability”. A spokesman for the Power Division also urged consumers to conserve electricity, particularly during nighttime hours, and to adopt energy-saving prac...
Morocco Fuel Market Shows No Anti-Competitive Behavior as Pump Prices Rise
Casablanca – Morocco’s Competition Council said it found no anti-competitive behavior in the national fuel market, even as pump prices continued to rise through late March and early April in line with international trends. In a new note covering the period from March 16 to April 1, the council said no signs of collusion were identified in the diesel and gasoline market. Still, it once again pointed to the tendency of operators to revise prices on the same dates and by similar amounts, saying thi...