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How small businesses are boosting the UAE’s kindness economy
Dubai: In the UAE, a new kind of economy is flourishing, one powered not just by money, but by generosity. Small businesses have been turning their success into support for local communities, who have been both their customers and partners in giving. What started as simple forms of assistance have grown into an outspread movement, proving that no act of kindness is too small to leave an impact on people’s lives.Get updated faster and for FREE: Download the Gulf News app now - simply click...
China enforces new security rules to defend supply chains from global threats
China has implemented a new regulation on supply chain security that hands officials the power to punish any entities deemed to threaten the country’s access to vital resources and the free flow of goods, as Beijing confronts an increasingly turbulent global outlook. The 18-point regulation – which was passed and became effective on March 31, but the full text of which was only published on Tuesday – elevates safeguarding China’s industrial and supply chains to a national security issue. The new...
White House Economists Says Stablecoin Rewards Won’t Harm Banks
Banning crypto firms from offering customers yield on stablecoins would not have a meaningful effect on community banks, White House economists said in a report on Wednesday — marking the latest development in a fierce conflict between the two industries that has stalled legislation in Congress.
Iran cashes in on ceasefire: Regime looks to pocket $1million toll for each ship that passes through Strait of Hormuz as part of truce
Iran cashes in on ceasefire: Regime looks to pocket $1million toll for each ship that passes through Strait of Hormuz as part of truceBy TARYN KAUR PEDLER, FOREIGN NEWS REPORTER Published: 10:24, 8 April 2026 | Updated: 10:29, 8 April 2026 e-mail 9 View comments
Aldi announces update for all stores as shoppers urged to give 'essential' donation
Aldi announces update for all stores as shoppers urged to give 'essential' donationAldi has introduced a major change this month and shoppers are being urged to get involvedCommentsNewsNicola Roy Multimedia content creator10:24, 08 Apr 2026View 2 ImagesAldi is known for its ultra-low prices(Image: Peter Fleming via Getty Images)Aldi is one of Britain's most popular supermarkets, offering budget-friendly groceries, beauty products and homeware. The retail giant was crowned the chea...
Japan Taps Smaller Ships to Get US Oil Faster on Supply Concerns
Some Japanese refiners are seeking to speed up deliveries of US crude following disruptions caused by the Iran war, opting for smaller ships that can transit the Panama Canal rather than sail around Africa.
UK interest rate predictions fall as US and Iran agree two-week ceasefire
Markets now forecast one rate rise this year, down from two on Tuesday, although mortgage rates may not fall quicklyBusiness live – latest updates City traders have cut their forecasts for UK interest rate rises this year, after the US and Iran agreed a two-week ceasefire.The money markets are now fully pricing in only one rise in UK interest rates by December, which would take the Bank of England’s base rate back up to 4%. On Tuesday, two rate rises were fully priced in, as Donald Trump threate...
Myanmar’s food security in crisis as fuel, fertiliser shortages threaten fragile economy
Myanmar’s weak economy is being brutally exposed to the fuel crisis, with farmers unable to fill up tractors to work their fields and a fertiliser shortage caused by the throttling of the Strait of Hormuz threatening food security just as the planting season begins. Battered by civil war and runaway inflation, and with a quarter of its population already lacking sufficient food, Myanmar is poorly positioned to absorb the oil shock and its cascading effects on an economy that is among the most...
America is too dependent on drugs from China. Worst-case scenario could be disastrous
Policymakers have been aware of U.S. vulnerability to China’s supply chain dominance for decades, and have contemplated the possibility of Beijing weaponizing its control by throttling exports to the United States. Last summer, Chinese President Xi Jinping did. Relying on an adversary’s good graces on matters of national health and security invites disaster. But critical minerals are only one weakness. Washington also relies on Beijing for the nation’s pharmaceuticals. It should be intolerable. ...
Iran ceasefire: What it means for energy bills, fuel, mortgages and holidays
Iran ceasefire: What it means for energy bills, fuel, mortgages and holidaysA two-week ceasefire agreed by Donald Trump and Iran has already seen oil prices slump and stock markets surge - but what could be the benefits for UK households if it holds?CommentsMoneyGraham Hiscott Business and Consumer Editor10:00, 08 Apr 2026View 5 ImagesThreat of interest rate hike has receded after Middle East ceasefire announced(Image: Getty)Donald Trump’s announcement of a two-week ceasefire between the US and...
UAE expands fast-track degree recognition to 38 universities
Abu Dhabi: The Ministry of Higher Education and Scientific Research has added five more universities to its automatic recognition scheme for domestic higher education qualifications, bringing the total number of participating institutions to 38 as part of efforts to streamline procedures and reduce bureaucracy.The initiative allows graduates from participating universities to have their degrees automatically recognised immediately after graduation without needing to submit a separate appli...
Matalan closes another huge UK store — full list of affected locations
Matalan closes another huge UK store — full list of affected locationsIt is just the latest closure this year.CommentsMoneyMia O'Hare Senior Spare Time Reporter and Jennifer Pinto09:55, 08 Apr 2026View 2 ImagesMatalan has closed another of its stores(Image: NurPhoto, NurPhoto via Getty Images)Fashion and homeware chain Matalan has shut one of its outlets permanently this week. Its store at South Lakeland Retail Park in Kendal, Cumbria, closed on Tuesday, April 7.The closure is the fourth M...
Second home owners in Scotland face 500% council tax hike as local authorities handed uncapped powers
Second home owners in Scotland face 500% council tax hike as local authorities handed uncapped powersBy NOOR QURASHI, NEWS REPORTER Published: 09:44, 8 April 2026 | Updated: 09:44, 8 April 2026 e-mail View comments
Israel says operations in Lebanon to continue despite Trump’s ceasefire
Israeli military announces further action against Hezbollah, contradicting statements from Pakistan and IranMiddle East crisis – live updatesIsrael said its military operations in Lebanon would continue despite Donald Trump’s ceasefire announcement, with Israeli forces carrying out strikes and telling civilians in the south of the country to leave the areas they are targeting.The office of the Israeli prime minister, Benjamin Netanyahu, said that Trump’s two-week pause “does not include Lebanon”...
Trump claims a ‘Golden Age of the Middle East’ is on the way after Iran ceasefire: ‘Big money will be made’
NewsWorldAmericasUS politicsTrump claims a ‘Golden Age of the Middle East’ is on the way after Iran ceasefire: ‘Big money will be made’President Trump jubilant after backing away from airstrikes threat, despite hostilities only being postponed for two weeks Joe Sommerlad Wednesday 08 April 2026 09:39 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeB...
Why oil prices are expected to stay high even after temporary Iran-US ceasefire
Dubai: Oil markets are signalling that prices will remain elevated despite a sharp pullback recorded on Wednesday, as a temporary ceasefire between the U.S. and Iran eases immediate fears but leaves deeper supply risks unresolved.Get updated faster and for FREE: Download the Gulf News app now - simply click here.West Texas Intermediate traded down 16.6%, while Brent Crude fell 15.9% and Murban crude dropped 18.9%. The decline follows Donald Trump announcing a two-week ceasefire and a pledge to...
Ajman Bank donates Dh1.6 million to charities and community projects
Ajman: Ajman Bank has allocated Dh1.6 million in charitable contributions to support humanitarian, educational and community initiatives across the UAE.The funds will be distributed to several organisations, including Al Ihsan Charity Association, Beit Al Khair Society, International Charity Organization, Dar Al Ber Society and the Emirates Red Crescent. Support will also be extended to Ajman University and City University Ajman.Get updated faster and for FREE: Download the Gulf News app now -...
How AI and geopolitical rivalry are breaking economic orthodoxy
Global imbalances are once again taking shape, albeit differently than how they manifested before the financial crisis of the late 2000s. Back then, the story was simple: some countries, led by China and Germany, saved too much, while the United States consumed too much. The answer, at least in theory, was also simple: surplus countries should rely more on domestic demand while deficit countries should save more; exchange rates should adjust. While that framework still matters, it no longer...
House prices fell in March as homeowners felt mortgage rate pain
House prices fell in March as homeowners felt mortgage rate painHouse prices fell by 0.5% in March, according to HalifaxBy ED MAGNUS, SENIOR THIS IS MONEY REPORTER Updated: 09:25, 8 April 2026 e-mail 6 View comments
Dubai: Gold at your doorstep? A home delivery service is ensuring that
Buying gold in Dubai is no longer limited to showroom visits. A new service launched by Dubai Gold District is bringing the experience directly to customers’ homes, offering private consultations and secure doorstep delivery for jewellery and investment pieces.The initiative, introduced with participating retailers including Malabar Gold & Diamonds, Kanz, and Kalyan Jewellers, allows customers to browse and purchase gold through personalised consultations. Once a selection is made, items ar...