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Pakistan can buy Russian oil
WASHINGTON: Pakistan is among the countries that could benefit from a new United States temporary licence allowing selected energy-importing nations to access Russian oil, diplomatic sources told Dawn. The US has introduced a 30-day general licence issued by the US Department of the Treasury to ease immediate supply pressures in global crude markets and provide relief to energy-vulnerable countries. Diplomatic sources said the arrangement may also apply to Pakistan, though they cautioned that Is...
UK loosens Russian oil sanctions as fuel prices rise
UK loosens Russian oil sanctions as fuel prices riseJust nowShareSaveAdd as preferred on GoogleFaisal Islam,Economics editor,James Landale,Diplomatic correspondentandMitchell Labiak,Business reporterGetty ImagesThe UK government has loosened strict sanctions on Russian oil refined into diesel and jet fuel in third countries as prices riseThe waiver begins on Wednesday and reflects growing supply concerns over certain fuels due to the effective blockade of the key Strait of Hormuz waterway since...
Popular investment adviser Barrett Linburg gives 'crazy tax idea' to Musk; Tesla CEO responds
Investment adviser Barrett Linburg proposed a tax strategy for Elon Musk to defer gains from potential SpaceX share sales post-IPO. The plan involves reinvesting profits into a Qualified Opportunity Fund to build infrastructure at Starbase or finance the Terafab site, potentially deferring taxes until 2032 and eliminating future appreciation taxes.
Oasis Mgmt Fischer on Investment Strategies
Seth Fischer, Founder and CIO of Oasis Management, discusses his outlook and investment strategies for the Japanese market. He speaks with Shery Ahn and Haidi Stroud Watts from the sidelines of Sohn Hong Kong Investment Leaders Conference on "Bloomberg: The Asia Trade". (Source: Bloomberg)
Global Banks Fill Void in Australian AT1 Market After Phaseout
The decision by Australia’s banking watchdog to phase out Additional Tier 1 bonds marked the end of local lenders issuing the riskiest type of bank debt. Big international banks are now moving in to fill the void.
Morgan Stanley Japan CEO: Hope Yen to Gain to 140
Alberto Tamura, CEO at Morgan Stanley Japan, says he is hoping that the yen strengthens to around 140 against the dollar, and that action from the Bank of Japan is key for that to happen. He speaks with Shery Ahn from the sidelines of the Morgan Stanley and MUFG Japan Summit in Tokyo. (Source: Bloomberg)
Trump Threatens Iran With ‘Big Hit’
President Donald Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war, after he said he had just called off a US attack. Bloomberg's Michael Heath breaks down the latest. (Source: Bloomberg)
Beach Energy CEO on Business outlook
Brett Woods, Managing Director and CEO of Beach Energy, discusses the outlook for the Australian oil and gas producer's business. He speaks with Paul Allen on the sidelines of the Australian Energy Producers Conference & Exhibition in Adelaide on "Bloomberg: The Asia Trade". (Source: Bloomberg)
Morgan Stanley's Garner on Japan, EM Markets
Jonathan Garner, Chief Asia and Emerging Market Equity Strategist at Morgan Stanley, discusses his outlook for the region's markets and investment strategy. He speaks with Shery Ahn from the sidelines of the Morgan Stanley and MUFG Japan Summit in Tokyo. (Source: Bloomberg)
What to Expect as Putin Arrives in China for Xi Talks
Russian President Vladimir Putin has arrived in Beijing to reinforce ties with Chinese leader Xi Jinping and make progress on a long-stalled energy project. Bloomberg's Stephen Engle breaks down what's at stake. (Source: Bloomberg)
As gas prices surge, consumers search for other savings
CBS Evening News As gas prices surge, consumers search for other savings .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-evening-news.jpg'); } By Kris Van Cleave Kris Van Cleave Kris Van Cleave Emmy Award-winning journalist Kris Van Cleave is the senior transportation correspondent for CBS News based in Phoenix, Arizona, where he also serves as a national correspondent reporting for all CBS News broadcasts and platforms. Read Full Bio Kris Van Cleave May 19, 2026...
Americans grappling with higher gas prices as summer kicks off
Gas prices are averaging around $4.50 per gallon nationally with Memorial Day weekend just days away. Kris Van Cleave reports.
EU Expedites Start of US Trade Deal in Bow to Trump Demand
The European Union finalized the text of its long-delayed US trade deal after months of negotiations, clearing a major hurdle to ratifying the pact before President Donald Trump’s threatened deadline to impose higher tariffs.
Jefferies Hires Volschenk to Lead Metals and Mining in EMEA
Jefferies Financial Group Inc. has hired Gideon Volschenk from Standard Chartered Plc to head its metals and mining banking team in Europe, the Middle East and Africa, according to people familiar with the matter.
30-Year Yield Rises as Bond Selloff Deepens
Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concerns mount that accelerating inflation will force central bankers to raise interest rates. Bloomberg's Mark Cranfield breaks down the situation. (Source: Bloomberg)
Wild moment loyal pub patron hurls bar stools at armed thief at the Boatrowers Hotel in Newcastle
The wild moment a loyal pub patron thwarted an armed thief by hurling multiple bar stools at him as he raided the cash register has been captured on CCTV.
Young drivers targeted by 'ghost brokers' selling fake car insurance online
Young drivers targeted by 'ghost brokers' selling fake car insurance onlineJust nowShareSaveAdd as preferred on GoogleEmer MoreauBusiness reporterGetty ImagesHalf of drivers aged 16-25 have bought policies through social media or messaging apps, the finance watchdog saysYoung drivers are being targeted by "ghost brokers" selling fake car insurance online, the finance watchdog has warned.Half of drivers aged 16-25 have bought policies through social media or messaging apps, many of which are fake...
Spending watchdog warns £38bn cost of Sizewell C nuclear plant is ‘risky’
National Audit Office says potential benefits are ‘considerable but uncertain’ while risks are ‘immediate and substantial’The cost of the government’s £38bn nuclear plant in Suffolk is subject to “significant uncertainty” and may outweigh the benefits for UK households until at least 2064, according to the government’s spending watchdog.The National Audit Office (NAO) has warned that although the potential benefits of the Sizewell C nuclear plant are considerable, they remain uncertain. The risk...
Sizewell C construction costs to add up to £19 to electricity bills, says NAO
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John Lewis, Boots and Debenhams Black Friday deal ads ‘misled shoppers’
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