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Government profiting from rising costs 'not right'
Government profiting from rising costs 'not right'Just nowShareSaveAdd as preferred on GoogleGeorgina BarnesJerseyBBCCarl Walker said it wasn't fair for the government to be "making money from a cost-of-living crisis"Jersey's government profiting off islanders through taxes because of rising gas and fuel prices "doesn't feel right", the head of Jersey's Consumer Council (JCC) says.Cost-of-living pressures have been caused by disruptions to shipme...
Bloomberg Surveillance 4/8/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Relief Rally Likely to Be Capped, Oppenheimer's Stoltzfus Says
John Stoltzfus, Oppenheimer Asset Management chief investment strategist, says what he see as a mild selloff during the Iran war will likely cap the extent of the US stock market relief rally on "Bloomberg Open Interest." (Source: Bloomberg)
Top Aluminum Makers Hike US Surcharge as War Disrupts Supply
Rio Tinto Group and Century Aluminum Co. hiked premiums on a key semi-processed aluminum product in the US by about 12% in recent weeks after the Iran war disrupted imports from the Middle East, according to people familiar with the matter.
Will the ceasefire have any impact on UK fuel and food prices?
Will the ceasefire have any impact on UK fuel and food prices?8 minutes agoShareSaveAdd as preferred on GoogleJemma CrewBusiness reporter EPA/ShutterstockImmediate, but temporary, relief. That's the initial economic response to news of a two-week ceasefire: stock markets across the globe rallied, while the price of crude oil plunged.But there is less optimism over how much this will feed through to people's finances, with fears long-lasting damage has already been set in motion.The las...
Uniqlo Is Coming For Middle America
On today’s Big Take Asia podcast, Uniqlo founder Tadashi Yanai takes Bloomberg’s Reed Stevenson to a store in Tokyo and explains why he’s betting big on America one more time. (Source: Bloomberg)
Delta Braces for $2 Billion Fuel Hit From Iran War
Delta Air Lines is preparing for a significant $2 billion impact on fuel costs due to the ongoing conflict involving Iran, which has led the airline to maintain a cautious stance and stick to its previous full-year financial outlook. Bloomberg's Siddharth Philip has more on "Bloomberg Open Interest." (Source: Bloomberg)
Councils working on policy for heating oil support
Councils working on policy for heating oil supportJust nowShareSaveAdd as preferred on GoogleNathan Briant,South of England andEllie Tutt,BBC Radio BerkshireGetty ImagesHeating oil is used by 3.6% of all households across the countryA decision by councils in Berkshire on how to distribute financial support for people reliant on heating oil will take some time despite government confirming extra aid.Prime minister Sir Keir Starmer announced last month that £53m will be distributed nationwide afte...
New York Lawmaker Seeks SALT Expansion If House Pursues Tax Bill
A New York lawmaker aims to reopen negotiations to expand the state and local tax deduction after US lawmakers raised the cap on the break to $40,000 last year if Congress attempts to pass a second tax bill before the midterm elections.
John Lewis boss has pay increased to £1.2m as retailer cuts 3,300 jobs
Jason Tarry sees salary increase by 21% in year to January, while fewer people are employed at John Lewis and Waitrose storesThe boss of the group that owns John Lewis and Waitrose was handed a 21% increase in basic pay last year to £1.2m while the retailer cut 3,300 jobs.Jason Tarry, who became chair of the John Lewis Partnership (JLP) in September 2024, saw his annual salary increase by a fifth to £1.2m in the year to January, from £990,000. Continue reading...
Bankers Start Weighing UAE Return Hours After US-Iran Ceasefire
Hours after the US and Iran agreed to a two-week ceasefire, an executive from an Abu Dhabi fund booked the first flight back to the Emirati capital, while another said they plan to return over the weekend.
Airlines are raising prices for checked bags. Here's how much it will cost.
Four of the six largest U.S. airlines have raised their prices for checked bags. It comes as the Iran war pushed up the cost of jet fuel. The airlines say the bag fee hikes help offset fuel costs. Kris Van Cleave explains what to know.
Close Brothers shares surge after UK bank says it can ‘comfortably absorb’ cost of car finance compensation
Specialist lender says it expects its slice of £9.1bn compensation set by FCA to be about £320mClose Brothers shares surged on Wednesday after the UK bank declared it could “comfortably absorb” its slice of a £9.1bn compensation bill over the motor finance scandal, hours after one of its rivals announced it was selling its UK operations over looming costs.The specialist lender said it expected the final terms of the Financial Conduct Authority’s (FCA) compensation scheme to cost roughly £320m, a...
Gilgo Beach serial killer suspect expected to change plea to guilty
Rex Heuermann, the suspect in the notorious Gilgo Beach killings, is expected to change his plea to guilty on Wednesday. He previously pleaded not guilty to murdering seven women over 17 years. Tom Hanson reports.
What Iran War Ceasefire Means for Stocks, Bonds, Oil | The Pulse 4/8
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Myles Bradshaw, JPMorgan Asset Management, Head of Global Aggregate Strategies; Alessia Berardi, Amundi Investment Institute, Emerging Macro Strategy Head; Julien Barnes-Dacey, European Council on Foreign Relations, M...
Faisal Islam: Iran war pause is welcome but the economic scars will last
Faisal Islam: Iran war pause is welcome but the economic scars will last8 minutes agoShareSaveAdd as preferred on GoogleGetty ImagesFor most of the past six weeks, we have brought you maps of a gummed-up Strait of Hormuz.Approximately 800 ships are believed to have been stuck in the Gulf, many transporting oil and gas, and have been unable and unwilling to exit onto the open seas.During that time, there has been a direct line from the world's biggest traffic jam to rising petrol and diesel...
Strait of Hormuz by No Means Open for Business, Says Oil Analyst Sen
Amrita Sen, founder and director of market intelligence at Energy Aspects, discusses tanker flows in and out of the Strait of Hormuz as the US and Iran announce a two-week ceasefire and explains why the global oil market is in for further demand destruction. (Source: Bloomberg)
Russian FM confirms attendance to Antalya Diplomacy Forum in Türkiye
Russian Foreign Minister Sergey Lavrov will participate in the Antalya Diplomacy Forum that will be held in the eponymous Turkish city, the ministry’s...
Choithrams rolls out paid parking across some of its UAE stores, ties up with Parkonic
The supermarket chain Choithrams has introduced ticketless parking across selected store locations in the UAE, powered by PARKONIC OS. This operating system is digitally managed and will enable a seamless and ticketless parking experience. As part of the new system, customers will have one hour of complimentary parking, validated at checkout by providing their vehicle license plate number, with the applicable duration automatically adjusted at exit.Stay up to date with the latest news. Follow K...
Morgan Stanley Debuts Bitcoin ETF as Price Slump Rattles Holders
Morgan Stanley is set to become the first Wall Street bank to launch its own Bitcoin-tracking exchange-traded fund, a milestone for the digital-asset ecosystem that underscores how deeply the original cryptocurrency has embedded itself in the financial mainstream — even as the market around it has cooled.