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Dubai's Parkin announces 5% VAT on all services from June 1 - Emirates 24|7
Dubai's Parkin announces 5% VAT on all services from June 1 Emirates 24|7
Power Division warns consumers against fake subsidy links, QR code scams
The Ministry of Energy’s Power Division on Friday warned electricity consumers against fraudulent activities being carried out by hackers and criminal elements under the guise of a government subsidy scheme. In an advisory issued for consumers, the Power Division spokesperson said certain elements were attempting to steal users’ personal information through fake QR codes and suspicious online links related to electricity bill subsidies. The spokesperson said consumers were being asked to click o...
Indonesia’s Shock Export Controls Catch Traders Off Guard | Insight with Haslinda Amin 5/22/2026
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Starbucks scraps AI inventory tool tied to CEO’s efforts to fix product shortages
Starbucks has reportedly ditched its AI-powered inventory tracking system after just nine months, citing a need to standardize counting methods. The tool, intended to combat product shortages, allegedly miscounted items. This move comes as CEO Brian Niccol faces pressure to improve profits, with the company also announcing significant corporate layoffs.
China Scrutinizes Companies, Funds After AI-Fueled Stock Moves
Chinese regulators are scrutinizing recent stock rallies that have been fueled by artificial intelligence optimism, asking some listed companies and exchange-traded funds to give more details about their approach to the technology, according to people familiar with the matter.
Retail sales tumbled last month as Brits braced for impact from the Middle East crisis - with hopes pinned on boost from England success at World Cup
Retail sales tumbled last month as Brits braced for impact from the Middle East crisis - with hopes pinned on boost from England success at World CupSee more Daily Mail on Google - save us as a Preferred SourceBy JAMES TAPSFIELD, UK POLITICAL EDITOR Published: 08:09, 22 May 2026 | Updated: 08:09, 22 May 2026 e-mail View comments
UK borrowed bigger than forecast £24.3bn in April as inflation adds to benefits bill
Figure comes amid rising cost of pensions as bond market jitters take monthly debt interest to £10.3bn Business live – latest updatesThe UK borrowed more than expected in April as high inflation drove up the cost of pensions and benefits, amid concern over the Iran war and political uncertainty adding to debt costs.The Office for National Statistics said public sector net borrowing – the difference between government spending and income – was £24.3bn in April 2026, £4.9bn higher than in April 20...
Qatar Airways to Skip Staff Bonuses Due to Iran War Impact
Qatar Airways QCSC will skip handing out bonuses to almost 60,000 workers this year after the US-Israel war on Iran forced the carrier to cancel tens of thousands of flights and lose out on billions in revenue.
Borrowing surges by more than expected in blow to Chancellor amid Iran war woes
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Salik to apply 5% VAT on usage fees - Emirates 24|7
Salik to apply 5% VAT on usage fees Emirates 24|7
Palm Oil Markets Split as Indonesia Export Revamp Confuses Trade
Palm oil buyers are picking up spot cargoes at bargain rates even as futures prices climb, as traders attempt to understand the impact of a radical export overhaul announced by top producer Indonesia earlier this week.
UK retail sales suffer sharpest fall for almost a year
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Oil to cross $200 per barrel? Report flags worst-case Hormuz scenario that Iran warned of
A prolonged closure of the Strait of Hormuz could trigger a severe global energy crisis, potentially pushing oil prices to $200 per barrel by late 2026. Wood Mackenzie's report outlines three scenarios, with the worst-case predicting a significant economic contraction. This warning echoes Iran's own earlier predictions amid escalating regional tensions.
Brits face more tax hikes WHOEVER wins Labour leadership: Borrowing surged in April as spending spree and Iran crisis outweighed revenues
Brits face more tax hikes WHOEVER wins Labour leadership: Borrowing surged in April as spending spree and Iran crisis outweighed revenuesSee more Daily Mail on Google - save us as a Preferred SourceBy JAMES TAPSFIELD, UK POLITICAL EDITOR Published: 07:38, 22 May 2026 | Updated: 07:38, 22 May 2026 e-mail View comments
Japan to Receive First Oil Tanker to Exit Hormuz Since War Began
Japan — one of Asia’s biggest importers of energy from the Middle East — flagged the impending arrival of the first Persian Gulf oil shipment to transit the contested Strait of Hormuz since the Iran war began.
CVC, GBL Offer to Acquire Italy’s Recordati in $12 Billion Deal
CVC Capital Partners Plc and Groupe Bruxelles Lambert offered to buy Recordati SpA in a deal valuing the Italian drugmaker at more than $12 billion, which would be one of the biggest healthcare deals in Europe this year.
Government borrowing higher than expected in April
Government borrowing higher than expected in AprilJust nowShareSaveAdd as preferred on GoogleGetty ImagesThe UK government borrowed more than expected in April, according to the latest official figures.Borrowing, the difference between spending and income from taxes, was £24.3bn last month, £4.9bn higher than at the same point last year, the Office for National Statistics (ONS) said.The figure was also higher than the £20.9bn that had been predicted by the government's independent forecaster, th...
Tech Sector Momentum Teeters: Market Snapshot
Nvidia's highly anticipated earnings report put the attention squarely back on the tech sector's blistering momentum as investors queried whether hyperscalers and the 'picks-and-shovels' of the AI build-out can meet soaring demand. The Opening Trade spoke to a range of leading market voices to get their analysis. (Source: Bloomberg)
Toyota Finance Bond Coupons Highest Since 1999 on Yield Gain
Toyota Motor Corp.’s finance unit set terms for a ¥100 billion ($629 million) bond sale, with the five-year coupon climbing to the company’s highest for yen-denominated bonds since its 1999 debut as rising yields on Japanese government bonds push up funding costs.
Oil prices rise as investors doubt breakthrough in US-Iran peace talks
Oil prices climbed on Friday but were on track for a weekly loss as investors doubted the prospects of a breakthrough in US-Iran peace talks. Brent crude futures rose $1.66, or 1.6 per cent, to $104.24 a barrel by 0405 GMT, while US West Texas Intermediate futures were up $1.11, or 1.2pc, at $97.46. On a weekly basis, Brent was 4.6pc lower and WTI was down 7.6pc, with prices fluctuating sharply as expectations for a peace deal shifted. A senior Iranian source told Reuters gaps with the US have n...