اقتصاد

Airlines Struggle as Jet Fuel Costs Jump by Rs 84 Per Litre

KARACHI: Jet fuel prices in Pakistan have witnessed another sharp increase, rising by Rs 84 per litre, ARY News reported. Following this latest uptick, the price of jet fuel (JP-1) has climbed to a record Rs 472 per litre. This marks a staggering overall increase of approximately Rs 282 since March...

China launches investigations into US trade practices. Why now?

Beijing has launched two trade barrier investigations into the United States in response to a pair of Section 301 probes that allege unfair trade practices by China and other economies and could pave the way for Washington to reimpose higher tariffs. According to the Ministry of Commerce, the invest...

US Consumer Sentiment Slips to a Three-Month Low

The University of Michigan’s final March consumer sentiment index fell to 53.3 from a preliminary reading of 55.5, according to a report released Friday. The survey period includes responses from Feb. 17 to March 23, with about two-thirds of those collected after the Iran war began. Mike McKee repor...

How the Iran Conflict Impacts the Global Economy

Geopolitical risks are rising as the Iran conflict threatens global markets. Bloomberg economist Stuart Paul and Marko Papic of BCA join Bloomberg Open Interest to break down the scenarios, including "kinetic equilibrium" where tensions persist but oil keeps flowing. Meanwhile, higher energy prices...

Why Netflix Hiked Prices, Explained in One Chart

Why did Netflix just impose a price increase across U.S. plans? As the “KPop Demon Hunters” Oscar-winning hit song “Golden” says: “We’re goin’ up, up, up.” It’s not rocket science. The formula is pretty simple: Invest in more content (Netflix is...

India to Borrow 8.2 Trillion Rupees in First-Half of Next Fiscal

India will borrow 8.2 trillion rupees ($86.5 billion) in the first half of the financial year beginning April 1, around half of the amount scheduled for the full 12-month period, the government said in a statement Friday.

Angola to Use $500 Million of Eurobond Proceeds for Debt Buyback

Angola will use a fifth of the funds raised in a eurobond sale this week to buy back debt maturing in 2028, with the remainder to be allocated to government spending, Finance Minister Vera Daves de Sousa said.

Rains in UAE: Shops flooded, but owners say timing saves businesses from major losses

Afghans, terrorists - and the border

Since Pakistan's birth in 1947, the only issue that seemingly unites Afghans of all shades is the "Durand Line"

The hidden educational cost of the oil crisis

For many students, faculty, the digital experience is a fragmented mess of lagging audio and dropped connections

Leveraged Loans Are Outperforming Junk Bonds By Most Since 2023

US leveraged loans are on track to outperform junk bonds this month by the most in two and a half years, as some borrowers have shifted debt financing to loans while markets are roiled by conflict in the Middle East.

Air China subsidiary to lease 10 Boeing jets in deals worth about US$400 million

Shandong Airlines, a subsidiary of flagship carrier Air China, has announced plans to lease 10 Boeing 737 aircraft, signalling China’s continued demand for the American jets as it looks to refresh an ageing fleet. The airline will pay a total fee of 2.88 billion yuan (US$405 million), with the aircr...

‘It’s fired people up’: support grows, including within Labor, for new gas tax to curb wartime profits

Government, industry and opposition see growing public support for a new gas tax but the industry is fighting backGet our breaking news email, free app or daily news podcastThe gas industry is mobilising in opposition to a potential new tax on the sector as political momentum builds – including amon...

Oaktree to Meet Private Credit Fund Redemptions in Full

Oaktree Capital Management is meeting all redemption requests for its $7.7 billion private credit fund, allowing investors to take out 8.5% of net assets. Dana El Baltaji has more on "Bloomberg Open Interest." (Source: Bloomberg)

Guggenheim CIO Says Oil Shock Can Drive 10% Selloff in US Stocks

US stocks could fall as much as 10% if oil prices remain elevated for several months, a scenario that risks derailing the retail-driven “buy-the-dip” dynamic that has supported markets in recent years, according to Guggenheim Partners Investment Management.

Eldorado Gold Plan to Buy Foran Opposed by Glass Lewis

A key proxy adviser firm recommended Eldorado Gold Corp. investors vote against its C$3.8 billion ($2.7 billion) bid for Foran Mining Corp., the latest roadblock after Eldorado’s third-largest shareholder called the takeover too expensive.

UAE Port Ramps Up Hormuz-Dodging Oil Flows After Iranian Strikes

The United Arab Emirates has been ramping up oil exports from a vital port that lies outside the Strait of Hormuz, after some of the biggest crude loading infrastructure resumed operations following Iranian drone strikes earlier this month.

Trump’s signature to appear on US currency, ending 165-year tradition

US paper currency will bear ‌President Donald Trump’s signature starting this summer, the first time a sitting president has signed American money, the Treasury Department said on Thursday. The redesigned notes, planned to mark the 250th anniversary of American independence, will also, for the first...

Mortgage rates hit highest level since September: Freddie Mac

Mortgage rates are climbing amid the ongoing conflict in Iran, with the 30-year fixed-rate mortgage hitting 6.38 percent, according to a Thursday report from Freddie Mac. The 15-year fixed-rate mortgage rate was up to 5.75 percent on Thursday.  These rates have steadily increased over the past month...

'On our toes over deficit': Sitharaman amid Middle East crisis, dismisses lockdown rumours

Finance Minister Nirmala Sitharaman assured that India will maintain fiscal prudence while shielding citizens from rising global crude oil prices. She highlighted India's stable fuel prices compared to other nations, dismissing lockdown rumors as baseless and aimed at creating fear. The government h...