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UK’s Ofwat board split over approval for Thames Water rescue deal

InternationalUK's Ofwat board split over approval for Thames Water rescue dealBy Reuters -Apr 14, 2026The board of UK water regulator ​Ofwat is split over whether to approve ‌a rescue deal offered by the creditors of Thames Water, Bloomberg News reported on Tuesday, citing a person ​familiar with the matter. The water regulator’s board ​has so far failed to reach a consensus ⁠on the deal floated by senior creditors ​to save UK’s largest water supplier, the report said. Read Also: Lenders of...

Chinese Tire Venture Service Long Files for Record Pakistan IPO

Service Long March Tyres Ltd., Pakistan’s largest manufacturer of all-steel radial tires, has filed for an initial public offering next month that could be the largest private-sector listing in the nation’s history.

K-Electric, HESCO to be excluded from govt's daily loadshedding plan: Power Division

K-Electric and the Hyderabad Electric Supply Company (HESCO) will be excluded from the federal government's daily loadshedding plan, the Power Division's spokesperson said on Tuesday. Earlier today, the division said that due to rising electricity demand during peak hours, electricity would be suspended for around 2.25 hours daily between 5pm and 1am countrywide under its “peak relief strategy”. However, a statement issued later in the day from the Power Division's spok...

UN warns 8 million in Asia-Pacific risk poverty if Iran war drags on

The United Nations has issued a grim warning about the costs of prolonged conflict in Iran for the Asia-Pacific region, forecasting job losses, crippling inflation and food insecurity, with the poorest nations brutally exposed to the oil shock and millions of informal workers facing the body blow of rising transport costs. More than 8 million people in the Asia-Pacific could be plunged into poverty if a crisis that has closed the Strait of Hormuz continues to drag on, according to a study...

One of the most prominent investors in the Trump family's crypto company is now criticizing it

Business NewsOne of the most prominent investors in the Trump family's crypto company is now criticizing itJustin Sun, who said he has pledged $75 million to World Liberty Financial, accused the company of building a "trap door." World Liberty has denied any wrongdoing.Listen to this article with a free account00:0000:00Eric Trump, executive vice president of the Trump Organization, at the Bitcoin Asia conference in Hong Kong in August.Chan Long Hei / Bloomberg via Getty Images fi...

एक रिपोर्ट और पलटी बाजी... पाकिस्‍तानी स्‍टॉक मार्केट में बड़ी तेजी, ये कारण

China Evergrande’s billionaire boss pleads guilty to fraud

Hui Ka Yan expresses remorse in trial proceedings after collapse of world’s most indebted property developerBusiness live – latest updatesA former steelworker who rose to become one of China’s richest people has pleaded guilty to charges including fundraising fraud after the collapse of Evergrande, the world’s most indebted property developer.The property group’s founder, Hui Ka Yan, “pleaded guilty and expressed remorse” in trial proceedings at a court in China’s southern city of Shenzhen again...

Gold firms on softer dollar, hopes of US-Iran talks resuming

InternationalGold firms on softer dollar, hopes of US-Iran talks resumingBy Reuters -Apr 14, 2026Gold prices ​gained more than 1% on Tuesday as the U.S. dollar weakened, while ‌hopes of a resumption in U.S.-Iran talks also supported prices by easing inflation concerns. Spot gold was up 1.5% at $4,808.69 per ounce by 11:31 a.m. ET (1531 GMT). U.S. gold futures rose 1.4% to $4,833.10. Negotiating teams ​from the U.S. and Iran could return to Islamabad this week to resume ​talks to end the war, sou...

IMF lowers Pakistan's economic growth forecast to 3.5%, inflation to 8.4% for next fiscal year

The International Monetary Fund (IMF) on Tuesday lowered Pakistan’s economic growth forecast to 3.5% and increased inflation projection to 8.4% for the next fiscal year due to the Middle East conflict, as it does not see any major adverse impact of the war this year. In its flagship World Economic Outlook (WEO) report, the IMF also cut the global growth forecast for two years, basing its projections on $100 per barrel to $120 per barrel oil prices in adverse and severe war case scenarios....

Fuel costs push Spanish inflation to 21-month high

InternationalFuel costs push Spanish inflation to 21-month highBy AFP -Apr 14, 2026Spanish inflation jumped to a 21-month high of 3.4 percent in March as the Middle East war caused fuel prices to spike, revised data showed on Tuesday. Transport costs increased 5.3 percent year-on-year due to higher prices for fuel and lubricants for personal vehicles, statistics office INE said in a statement, revising upwards a preliminary March inflation estimate of 3.3 percent. Read Also: Spain’s Sanchez call...

Petrol, diesel losses: What oil firms are losing amid Hormuz supply squeeze

India's state-run oil companies are incurring significant losses, estimated at Rs 18 per litre on petrol and Rs 35 on diesel, due to unchanged retail prices amidst volatile global crude oil prices. Despite a government excise duty cut, these firms continue to face mounting financial strain, with potential price hikes anticipated post-state elections.

What to Expect From JPMorgan, Citi After Goldman's Bond-Trading Miss

Bloomberg's Charlie Wells looks ahead to today's reports from JPMorgan Chase & Co. and Citigroup Inc. after Goldman Sachs Group Inc. reported a surprise drop in bond-trading revenue on Monday. (Source: Bloomberg)

Teen buys abandoned storage unit for £330 and ends up making £37k when he sees inside

Teen buys abandoned storage unit for £330 and ends up making £37k when he sees insideMichael Haskell, 17, says his family started taking his storage locker hobby seriously after he discovered a unit previously owned by a disgraced New York art dealerCommentsNewsMichael Moran and Maria Ortega Foreign Content Specialist09:44, 14 Apr 2026View 3 ImagesOne of Michael's biggest finds was a 'lost' Man Ray painting(Image: Facebook)A 17-year-old who was inspired by a Storage Hunters type T...

UAE Dirham to Pakistani Rupee Rate Today – April 14, 2026

BusinessPakistanUAE Dirham to Pakistani Rupee Rate Today – April 14, 2026By Web Desk-Apr 14, 2026Dubai / Karachi, April 14, 2026 – The UAE Dirham (AED) is trading at 76.06 Pakistani Rupees in the open market today, showing only minimal movement from recent levels. The pair continues to hover comfortably within the narrow 76.00–76.50 PKR range that has been the dominant trading zone for the past several months, offering the kind of predictability that Pakistani expatriates and their families have...

Saudi Riyal to Pakistani Rupee Rate Today – April 14, 2026

BusinessPakistanSaudi Riyal to Pakistani Rupee Rate Today – April 14, 2026By Web Desk-Apr 14, 2026KARACHI/DUBAI- April 14, 2026: The Saudi Riyal (SAR) is trading at Rs74.42 against the Pakistani Rupee (PKR) in today’s open market, according to leading currency dealers in Karachi. The selling rate remains around Rs74.99. The pair continues to stay firmly locked in the same exceptionally narrow, low-volatility channel it entered in early January 2026 — now stretching well beyond twelve weeks of re...

IEA slashes oil demand and supply view as Iran war rattles markets: Report

IEA slashes oil demand and supply view as Iran war rattles markets Report

Aluminum Market Faces Two Million Tons Deficit, ING Says

Aluminum jumped to a four-year high in London as US President Donald Trump’s blockade of Iranian ports thr eatened more disruptions to shipments from the Persian Gulf. The supply issues are "here to stay," ING strategist Ewa Manthey tells Bloomberg Television. "Even if the conflict ends tomorrow, bringing that capacity back to the market can take six and up to 12 months," she adds. (Source: Bloomberg)

How much will Iran lose? The cost of Trump’s Hormuz blockade

Following failed talks, the US has imposed a blockade on Iranian ports in the Strait of Hormuz, potentially costing Iran $435 million daily in economic damage, primarily from lost oil and petrochemical exports. This move, aimed at pressuring Iran, could also impact China's energy imports and requires significant US naval commitment to enforce.

HSBC says Iran war is hitting confidence as businesses warn over economic risks

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chairBusiness live – latest updatesHSBC bosses have said the Iran war is already hitting global economic confidence, as a string of business leaders warned over the impact of the conflict.Georges Elhedery, the Lebanon-born chief executive of the bank, told Bloomberg Television at a HSBC conference in Hong Kong: “We’re saddened and concerned with what’s happening in the Middle East, and we...

Hong Kong insurance complaints body records 857 cases last year, up 33% from 2024

Hong Kong’s insurance complaints body recorded a 32.7 per cent jump in new cases last year to 857, with medical and travel insurance accounting for most of the disputes. The Insurance Claims Complaints Panel under the Insurance Complaints Bureau on Tuesday released the numbers for 2025, which showed that last year’s 857 new complaint cases reflected an increase of about a third from 646 recorded in 2024. The figure marked a rise from 616 new cases in 2023, 607 in 2022 and 512 in 2021. “More...