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It's Tax Day. Here's how big the average tax refund is in 2026.
MoneyWatch It's Tax Day. Here's how big the average tax refund is in 2026. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham April 15, 2026 / 5:00 AM EDT / CBS News Add CBS News on Google As another Ta...
Saudi Arabia pledges $3 billion in aid to Pakistan
The assistance comes as the South Asian nation faces pressure to repay $3.5 billion to the UAE Saudi Arabia has pledged $3 billion in financial aid to Pakistan, the South Asian country’s finance minister has said. Pakistani Finance Minister Muhammad Aurangzeb announced on Tuesday that Saudi Arabia has committed $3 billion in additional deposits, with disbursement expected in the coming week. He is currently in Washington attending the World Bank–IMF Spring Meetings 2026....
Iran war impact: Will Pakistan be forced into rationing fuel if conflict drags on?
Pakistan may resort to fuel rationing at petrol pumps if the US-Iran conflict escalates, finance minister Muhammad Aurangzeb warned. While currently managing demand through price adjustments and targeted subsidies, the government acknowledges this approach's limits. Disruptions to oil flows via the Strait of Hormuz, crucial for Pakistan's imports, have already caused significant price hikes and public unrest, forcing policy shifts.
Evergrande Liquidators Said to Pick State-Owned Tourism Firm for Exclusive Sale Talks
China Evergrande Group’s liquidators have selected Guangdong Provincial Tourism Holdings Co. to enter exclusive talks to acquire a majority stake in the developer’s property management unit, people familiar with the situation said, as they try to claw back some money from one of the country’s most significant corporate collapses.
UAE court awards Dh251,000 to ex-employee after dismissal
The Abu Dhabi labour court has ordered a company to pay Dh251,461 to a former employee who was dismissed after more than 13 years of continuous service without receiving his full entitlements.The Court of First Instance ruled in favour of the employee, who filed a case after first pursuing a complaint through the Ministry of Human Resources and Emiratisation.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The plaintiff said he had worked for the company since...
DA hike update: Central government staff to protest on April 16
DA hike update Central government staff to protest on April
Farmers owning under 12 acres eligible for new federal subsidy scheme
ISLAMABAD: The federal government on Wednesday announced a special subsidy programme for farmers to mitigate the adverse impact of the global energy crisis. According to an official announcement, farmers owning less than 12 acres of land will be eligible for the subsidy. Eligible farmers can register for three easy subsidy packages through the Pakistan Asaan Khidmat application. Farmers can enrol in the programme by uploading their personal and other relevant information, along with documentary...
Commerzbank CFO Says UniCredit Deal Would Not Create Value
Commerzbank AG Chief Financial Officer Carsten Schmitt said a takeover of the German lender by Italian rival UniCredit SpA could impede its ability to support the economy and wouldn’t create value for investors at this time.
Burj Al Arab restoration: Why Dubai’s iconic hotel still defines luxury globally
Dubai: As Dubai’s most recognisable hotel begins its first major restoration in more than 25 years, Jumeirah Burj Al Arab is entering a new chapter. Over the years, the hotel has become inseparable from Dubai itself.In messages sent to guests, Jumeirah confirmed that the refurbishment follows long-term planning after more than 25 years of continuous operation, marking the first major renewal of a property synonymous with Dubai’s global image.The hotel, owned by Jumeirah Group - a subsidiary...
Thames Water should go into administration, investor says
Thames Water should go into administration, investor says7 minutes agoShareSaveAdd as preferred on GoogleSimon JackBusiness editorReutersThames Water should be put into administration rather than "sleepwalking" into a deal that is bad for customers, according to a Hong Kong-based investor who wants to buy the business.Thames Water is set to run out of cash within 12 months without a rescue deal.A group of its existing lenders has offered to write off over 25% of its debt and inject bil...
Nvidia is giving stock bonuses worth up to 1 Cr to select India employees, here is why
Nvidia is giving stock bonuses worth up to Cr to select India employees here is why
China’s State Grid Pledges $4.5 Billion for Pumped Hydro in 2026
China’s largest grid operator has pledged to spend 31 billion yuan ($4.5 billion) on pumped hydro storage this year, in support of the company’s plan to lift total capacity by more than 70% by the end of the decade.
Labor lashes Coalition immigration plan as Usman Khawaja calls policy ‘appalling’
Burke says Taylor chasing votes lost to One Nation while cricket great urges opposition to admit policy would discriminate against MuslimsGet our breaking news email, free app or daily news podcastAngus Taylor’s plans to favour immigration from liberal democracies would fundamentally change the character of the nation, Labor has warned, challenging the Coalition to explain where existing deportation powers are insufficient.Home affairs minister Tony Burke lashed Taylor’s new hardline policy, whi...
Rogoff Calls Dollar 20% Overvalued, Warns Markets ‘Naive’ on War
Elevated US dollar valuations signal long-term correction risks, according to Harvard University professor Kenneth Rogoff, who also warned that investors may be overestimating the likelihood of a near-term resolution to the Iran war.
Dollar and Other Currency Rates in Pakistan Today- April 15, 2026
BusinessPakistanDollar and Other Currency Rates in Pakistan Today- April 15, 2026By Web Desk-Apr 15, 2026Karachi, April 15, 2026 – The State Bank of Pakistan (SBP) has published its latest Mark-to-Market (M2M) exchange rates for authorized dealers, providing updated reference rates for foreign currency transactions against the Pakistani Rupee (PKR). Here’s a comprehensive breakdown of today’s key currency rates for traders, importers, exporters, and remittance senders. US Dollar (USD) at PKR 278...
Sour note: China criticises local governments for ‘imprudent’ spending
China’s central government has publicly criticised several local authorities – including a relatively poor county in Sichuan province – for “imprudent” fiscal spending for the first time in an ongoing campaign urging officials to adopt a “correct view” of political performance. Among those named was a county in the southwestern province of Sichuan once ranked among the country’s poorest. Zhaojue county was said to have used transfer payments from higher-level governments to fund three tourism...
War in Iran Is Already Reshaping East Asia’s Energy Future
The war in Iran has caused the price of all kinds of commodities to surge, and that has a negative economic impact almost everywhere. But the squeeze is really being felt hard in East Asia, which is the ultimate destination for a lot of oil and gas that come out of the Gulf. And though the Strait of Hormuz may eventually re-open, and the acute pain may pass, this episode may already be reshaping the future. On this episode of the podcast we speak with Alex Turnbull, an investor based in Singapor
UAE-Azerbaijan CEPA enters into force: What trade deal means for UAE businesses
Dubai: The UAE’s trade relationship with Azerbaijan has entered a new phase after the Comprehensive Economic Partnership Agreement (CEPA) between the two countries officially came into force on Tuesday. This opens the door to lower tariffs, easier market access and fresh investment opportunities for businesses in the emirates, the UAE Ministry of Foreign Trade (MoFT) said in a statement. For UAE exporters, investors and entrepreneurs, the deal is expected to make it easier to do business with Az...
Hong Kong set to rise to No 2 global financial hub within 15 years: Paul Chan
Hong Kong’s finance chief has expressed confidence that the city will climb to at least second place in the global ranking of international financial centres within 10 to 15 years. Financial Secretary Paul Chan Mo-po said on Wednesday at the HSBC Global Investment Summit that the city provided stability and prosperity in uncertain times, citing its strong gross domestic product growth of 3.5 per cent last year, as well as robust export performance and rising private investments. “We went through...
Finance Minister Aurangzeb meets with US commerce secretary, participates in IMF panel
Finance Minister Muhammad Aurangzeb has met with the United States’ commerce secretary to discuss ways to boost bilateral economic partnership and briefed an International Monetary Fund (IMF) official about the Middle East conflict’s economic impact on Pakistan, the finance ministry said on Wednesday. Aurangzeb arrived in Washington on Monday to represent Pakistan at the World Bank Group and IMF Spring Meetings 2026. During his visit, the finance czar was expected to participate in over 50 high-...