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China offers economic boons to Taiwan
The island’s authorities have met the proposed measures with open distrust China has unveiled a set of new economic incentive measures for Taiwan, offering to resume some ties with the island. The announcement comes after a visit by the head of Taiwan’s main opposition party, the Kuomintang (KMT), to Beijing. Taiwan has been a de-facto self-governing territory since 1949, when Chinese nationalist forces fled there after losing the civil war. Beijing regards the island as an in...
Tice £91,000 tax row is 'minor administrative error', party claims
Tice £91,000 tax row is 'minor administrative error', party claimsJust nowShareSaveAdd as preferred on GoogleJoe PikePolitical correspondentPA MediaA row over tax paid by Reform UK deputy leader Richard Tice's property company was "a minor administrative error", his party has claimed.The company, which Tice founded and owned, failed to pay £91,000 in tax before dividends were paid to him and his offshore trust, according to the Sunday Times.Tice has called the failure a...
ICE warehouses get cold shoulder — even in Trump country
Voters in Social Circle, Ga., overwhelmingly backed President Trump in 2024. But when the Department of Homeland Security (DHS) purchased a 1 million-square-foot warehouse in the tiny city to convert it into a mega detention center for immigrants, residents and local officials pushed back hard.   In February, the city notified Immigration and Customs Enforcement (ICE)…
Identity theft losses surge 70% for older Americans
The FBI has just released its latest annual internet crime report, and the numbers are staggering: Americans filed 1,008,597 complaints with the Internet Crime Complaint Center (IC3) last year, with losses nearing $20.9 billion.Buried in the new data is an eerily familiar trend getting more expensive for older adults. Identity theft complaints involving Americans 60 and older totaled 5,359 complaints and $48.5 million in reported losses in 2025, a steep jump from the year before.Sign up for my F...
Interest in EVs surges in Europe as fuel prices jump after Iran war
Demand at online marketplaces could settle at a new, higher normal, with the crisis leaving consumers ‘scarred’Car buyers’ interest in electric cars has surged across Europe since the start of the war in Iran, as the rising cost of petrol highlights the cheaper power available from a plug.Online marketplaces in the UK, Germany, France and Spain reported huge increases in inquiries about electric vehicles since the start of the conflict in February. Continue reading...
Gas supply curtailed amid crisis
The Sui Northern Gas Pipelines Limited (SNGPL) has decided to limit supply to six hours a day as the ongoing gas crisis continues to disrupt daily life. According to an official statement, gas will now be provided twice a day, mainly during breakfast and dinner hours. The supply will remain suspended in the afternoon due to low pressure in the system. Sources said the revised schedule has been designed to ensure limited availability during peak usage times only. Authorities stated that due to...
Tax day is this week: Avoid these 5 common mistakes that can cost you money
With Tax Day arriving this week, millions of filers are rushing to submit returns—often increasing the chances of simple but costly mistakes. Even minor errors, like incorrect personal details or overlooked income, can delay refunds, trigger IRS notices, or lead to penalties that take time and money to fix.The good news is that most of these issues are entirely avoidable with both extra attention and preparation.Here are five common filing missteps to watch out for and how to avoid them:Your fil...
Oil price may exceed $150 per barrel already this week — RDIF CEO
The longer the Strait of Hormuz remains shut, the higher oil and natural gas prices will rise, the more severe the energy crisis in the EU/UK will become, and the longer the recovery period will be, Kirill Dmitriev said
Fuel protests 'being planned across Britain' as pump prices carry on soaring because of Iran war
Fuel protests 'being planned across Britain' as pump prices carry on soaring because of Iran warBy DAIL MAIL ONLINE REPORTER Published: 15:51, 12 April 2026 | Updated: 15:51, 12 April 2026 e-mail View comments
Richard Tice’s firm alleged to have broken law by failing to pay tax
Report says company did not pay tens of thousands in tax on dividends given to Reform UK deputy leader and trustRichard Tice’s company has been accused of breaking the law by allegedly failing to pay tens of thousands of pounds in tax on dividends that were paid to him and his offshore trust.Reform UK’s multimillionaire deputy leader is alleged to have received at least £91,000 in excess payments as a result, the Sunday Times reported. Dan Neidle of Tax Policy Associates – whose analysis was cit...
UK’s Reeves to set out plan to help businesses with energy costs
British finance minister Rachel Reeves will set out her approach to helping businesses struggling with high energy prices later this week in the wake of the ongoing conflict in Iran, she said in a piece in the Sunday Times newspaper. Britain is exposed to the economic fallout from the war, and Reeves has voiced frustration over the lack of a plan from the U.S. and Israel to deal with Iran’s closure of the Strait of Hormuz – a vital waterway for crude oil markets. The government...
Ending oil dependency cycle
With widespread damage to energy infrastructure in the Middle East, it is unclear how long global oil and gas markets will take to stabilise. What is already evident, however, is that the world will not return to the old normal, particularly for countries heavily dependent on energy imports from the region. The search for alternatives has effectively begun. For many, the most immediate and viable path lies in accelerating the shift towards renewables and domestic energy sources. In this contex...
Financialisation of business firm
A business firm is said to be financialised when it involves in financial activities. In other words, a business firm permanently expands its financial activities. This permanent involvement gives rise to a long-run trend where shareholder value maximation takes the driving seat. Hence, the business firm orients itself for the benefit of shareholders. When shareholder value maximisation becomes the goal of the business firm, it deviates from the key goal of profit maximisation in production. Th...
Iran's Hormuz moves shake petrodollar's reign
The petrodollar has been central to sustaining America's seven-decade-long global hegemony built on a combination of military prowess, strategic alliances, and economic dominance. Since the 1970s, agreements between the United States and key oil-exporting countries, particularly Saudi Arabia, have anchored the international oil trade in the greenback. This arrangement created a structural demand for American currency, allowing the US to finance deficits, keep interest rates low, and wield di...
Fuel protests in EU, UK only beginning — RDIF CEO
"Farmers will be the first wave, followed by industrial workers as deindustrialization accelerates, Kirill Dmitriev said
Hong Kong, mainland China sign ‘milestone’ MOU on promoting digital economy
Hong Kong authorities have signed a memorandum of understanding (MOU) with mainland China’s top internet regulator to promote the digital economy, with the city’s leader pledging to contribute to building a strong technological nation. The MOU was signed on Sunday by Secretary for Innovation, Technology and Industry Sun Dong and Wang Jingtao, deputy director of the Cyberspace Administration of China (CAC), and covers topics including artificial intelligence (AI) promotion, cross-boundary data...
Richard Tice faces demand to 'urgently explain' himself over £91k tax claim
Richard Tice faces demand to 'urgently explain' himself over £91k tax claimRichard Tice is facing demands to “urgently explain” himself over allegations his company broke the law by failing to pay more than £90,000 in taxCommentsNewsSophie Huskisson Political Correspondent15:05, 12 Apr 2026View 2 ImagesRichard Tice is facing demands to “urgently explain” himself over allegations his firm failed to pay tax(Image: PA)Richard Tice is facing demands to “urgently explain” himself over alleg...
Iran War Drives Oil Shock
As the conflict in Iran continues, there's growing concern about oil volatility and whether this is the beginning of a true supply disruption. Market Intelligence Founder & Director Amrita Sen joins Christina Ruffini and Tim Stenovec on Bloomberg This Weekend to discuss. (Source: Bloomberg)
Iran's Lavan refinery to restore 80% capacity within two months
Iranian Deputy Oil Minister Mohammad Sadegh Azimifar said that the war-damaged Lavan refinery will regain 80% of its pre-war capacity within one to two months, the semi-official Fars news agency reported on Sunday.
22 ships hit, 800 stranded in Hormuz, Al Jaber warns of supply shock
Dubai: Fresh figures shared on Sunday by Dr Sultan Ahmed Al Jaber point to a sharp escalation in disruptions across the Strait of Hormuz, with at least 22 ships attacked, 10 crew members killed and close to 800 commercial vessels now stranded, including almost 400 oil tankers.Sign up for our daily business newsletter, Cheques & Balances.Since February 28:* At least 22 ships have been attacked* 10 crew members have been killed* Around 20,000 seafarers are unable to transit safely* An estimated 80...