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EU airline industry fears fuel shortages if Strait of Hormuz stays closed
EU airline industry fears fuel shortages if Strait of Hormuz stays closed7 minutes agoShareSaveAdd as preferred on GoogleEmer MoreauBusiness reporterGetty ImagesThe trade body for European airports said there could be a jet fuel shortageEurope will suffer jet fuel shortages in just three weeks if the the Strait of Hormuz does not reopen, the trade body for the continent's airports has warned.The Persian Gulf is a major source of aviation fuel, accounting for about 50% of Europe's impor...
White House staff warned against insider trading amid Iran war
The White House warned staff last month against using nonpublic information to trade on financial markets, as a series of well-timed bets on oil and prediction markets related to the war in Iran have raised concerns about insider trading. A White House official confirmed to The Hill that an email was sent to staff. The…
Sindh offers single-window facility to Punjab industrialists
Sindh Minister for Local Government, Housing and Town Planning Syed Nasir Hussain Shah has said that they will provide all facilities to the industrialists of Gujranwala for establishing their businesses and industries in Karachi. "We will provide single-window facilities to the industrialists from Gujranwala," he said, while speaking at the opening ceremony of the first Gujranwala Expo at the Karachi Expo Centre on Friday. Nasir added that the Gujranwala industry has demonstrat...
ADB says budget gaps delayed loan
The Asian Development Bank (ADB) said on Friday that Pakistan's staff-level agreement for disbursement of a $1 billion tranche was delayed last month due to budget discrepancies – an assertion that the finance ministry has contested while terming these mere statistical discrepancies. "Pakistan recorded the second-largest equity losses and the highest rise in risk premiums since the start of the year, partly reflecting uncertainty surrounding delays affecting an International...
Short-term inflation at 74-week high
The Israel-US war on Iran has taken its toll on Pakistan as inflation has re-entered the double-digit territory and reached a 74-week high, driven by energy prices, which, through a ripple effect, have sent staple food prices skyrocketing. The Sensitive Price Indicator (SPI) has jumped by 12.15% on a year-on-year (YoY) basis. Latest data shows that the YoY inflation touched a 74-week peak, highlighting a steep increase in the cost of living compared to the same period of last year. "...
SBP injects over Rs2tr via OMOs
The State Bank of Pakistan (SBP) injected more than Rs2 trillion into the banking system on Friday through two Open Market Operations (OMOs), signalling continued liquidity support for the government's fiscal needs. According to the central bank, in the conventional segment, the SBP conducted a reverse repo purchase and accepted all 17 bids across two tenors. It injected Rs127,500 million for seven days at a rate of 10.53%, and Rs1,500,800 million for 14 days at 10.51%, taking the tota...
US Consumers 'Feeling Stretched' With High Prices, UMich's Hsu Says
University of Michigan Surveys of Consumers Director Joanne Hsu says US consumers are frustrated with the persistence of inflation but there is a glimmer of hope in the long-term outlook. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Inflation soars due to Trump’s war with Iran
NewsWorldAmericasUS politicsInflation soars due to Trump’s war with IranSignificant uptick in prices year-over-year as a result of the Middle East conflict, which began when the U.S. and Israel launched joint strikes on Iran February 28Brendan Rascius in New York Friday 10 April 2026 15:50 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"R...
Trump’s DOJ claims East Wing was ‘infested’ and ‘dilapidated’ in latest appeal over White House ballroom
NewsWorldAmericasUS politicsTrump’s DOJ claims East Wing was ‘infested’ and ‘dilapidated’ in latest appeal over White House ballroomTrump administration prepares for Supreme Court fight as lawyers claim stop-work order ‘gravely threatens national security’Alex Woodward in New York Friday 10 April 2026 15:47 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","...
Tottenham: Roberto De Zerbi reveals long-term Premier League ambition ahead of relegation battle
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Argentina Tweaks FX Rules After Cost of Getting Dollars Out Surges
Argentina’s government issued new rules for investors moving money out of the country after increased use of the parallel foreign-exchange market drove the cost of such trades to its highest in a year.
What are today's mortgage interest rates: April 10, 2026?
MoneyWatch: Managing Your Money What are today's mortgage interest rates: April 10, 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...
View from Saudi Arabia | Cushioning the blow
View from Saudi Arabia Cushioning the blow
Vista Credit Sets Sights on Hard-Hit Software Loans Via New Fund
Vista Equity Partners’ credit-investing arm is raising $250 million for a new fund that will buy the beaten-down debt of software companies, seeking to capitalize on recent selloffs tied to concerns over artificial intelligence.
Fuel-price protests cause chaos in Ireland and spread to Norway
Hauliers and farmers block motorways and bring parts of Dublin to a standstill in fourth day of actionMiddle East crisis live – latest updatesProtests over fuel prices have caused chaos in Ireland and spread to Norway in a knock-on effect from the conflict in the Middle East.Hauliers, farmers and other groups blocked motorways and brought parts of Dublin to a standstill on Friday in a fourth consecutive day of action. Continue reading...
Consumer Sentiment Falls to a Record Low on Inflation Concerns
The preliminary April consumer sentiment index slumped to 47.6 from 53.3 in March, according to University of Michigan data. The survey period includes responses from March 24 to April 7. That was below all but one estimate in a Bloomberg survey of economists. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)
European airports could face jet fuel shortages within three weeks
Summer flights and holidays may also be at risk, says the Airports Council International European airports have said jet fuel shortages could hit the summer holiday season, if oil supplies do not start to flow through the strait of Hormuz within the next three weeks.Airports Council International (ACI) Europe wrote to Apostolos Tzitzikostas, the EU transport commissioner, saying the bloc is three weeks away from shortages. Continue reading...
Mikel Arteta issues Arsenal warning amid Ethan Nwaneri and Myles Lewis-Skelly transfer links
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K-P: cashless economy
With the introduction of the Khyber Pakhtunkhwa Digital Payment Bill 2026, K-P has taken a big step towards becoming Pakistan's first cashless model economy. The proposed law is by no means groundbreaking, with its most notable changes being requiring businesses to accept digital payments and ensuring the prominent display of QR codes at all businesses and public-facing institutions across the province. Given the low bar, we are hopeful that implementation will be quick and painless. I...
US inflation rises by most in nearly 4 years as Iran war boosts prices
Consumer inflation in the United States increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through...