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UAE strengthens lead as world’s most powerful passport in 2026
Montréal, Canada: New data released today by Arton Capital’s Passport Index shows that the United Arab Emirates has further strengthened its position as the holder of the world’s strongest passport, climbing to a total score of 182 — the highest ever recorded in the history of the index.The UAE has held the top spot since 2018. The latest figures underline the country’s growing diplomatic and economic influence, with Emirati citizens now enjoying unprecedented access to international markets, bu...
UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war
Pay growth eases to 3.4% as businesses face pressure from soaring energy costsUnemployment in the UK has unexpectedly risen to 5% while wage growth has slowed, according to official figures, in the first snapshot of how companies are reacting to the impact of the Iran war.The Office for National Statistics (ONS) said the rate of unemployment was up in the three months to March, from 4.9% in February, a rate that City economists had expected to hold. Continue reading...
Fears of new China shock as EU industry’s reliance on imports grows
Rising volume of components imported from China prompts warning of cannibalisation of European industriesEurope is facing a fresh China shock that threatens to cannibalise local factories, leading to job losses and de facto colonisation of industry by Beijing, trade analysts and representatives have said.They fear the plunging exchange rate and support for Chinese “zombie firms” has echoes of the crisis in the US 25 years ago when the term “China shock” was coined. It referred to the impact of C...
Can AI Stocks Survive the Bond Yield Surge? | Insight with Haslinda Amin 05/19/2026
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)
Australian taxpayers to pay $11bn to extend lifespan of ageing Collins-class submarines amid Aukus delay
HMAS Farncomb had been due to be retired this year, but is now expected to operate until about 2036Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastTaxpayers will fork out an extra $11bn to extend the lifespan of Australia’s ageing Collins-class submarines for another decade, bridging the capability gap before the scheduled arrival of the first Aukus vessels in 2032.Originally designed to have a 30-year working life, the six Adelaid...
The charity shop which boosted takings by moving outdoors
The charity shop which boosted takings by moving outdoorsJust nowShareSaveAdd as preferred on GoogleLee BottomleyAudlemBBCSheila Julian (left) is vice chair of Audlem charity shop and Helen Beardshall (right) is chairTakings have "exploded" for a charity shop since volunteers began selling their items outdoors just one day a week.Audlem Charity Shop, in Cheshire, used to open Monday to Saturday and would take a few hundred pounds in a week.But after reducing trading to Saturdays, and displaying...
Fury as Australia's billionaires prepare to pocket Labor's $250 tax offset as households are pushed to the brink
Fury as Australia's billionaires prepare to pocket Labor's $250 tax offset as households are pushed to the brinkREAD MORE: How Australia's middle class is shrinking before our eyesBy SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 06:35, 19 May 2026 | Updated: 06:35, 19 May 2026 e-mail View comments
Asian Stocks Slide, Oil Swings on Iran Uncertainty | The Asia Trade 5/19/2026
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Widows left in pension limbo after husbands' deaths
Widows left in pension limbo after husbands' deaths3 hours agoShareSaveAdd as preferred on GoogleMartin GrahamBBC ScotlandMcGinness familyFiona McGinness says she has been caught in a bureaucratic nightmare since Paul's death Paul McGinness died from cancer at just 43 but with a civil servant's pension, he at least knew his family would have some security.However, since his death in January, his wife Fiona has been caught up in a bureaucratic nightmare.Like thousands of other civil servants, Pau...
Renault Group CFO on Business Outlook
Duncan Minto, CFO of Renault Group, discusses the outlook and growth strategy of the automaker. He speaks with Shery Ahn on the sidelines of the BNP Paribas Global Electric Vehicle and Mobility Conference in Hong Kong on "Bloomberg: The Asia Trade". (Source: Bloomberg)
HS2 to cost more than Nasa's Artemis Moon mission as price continues to spiral
HS2 is set to cost more than Nasa's Artemis mission as its budget continues to spiral.The high-speed rail line was initially scheduled to open this year, extending beyond Birmingham to Manchester and Leeds, with a budget of £37.5billion.But the reduced route is now unlikely to hit its target of 2033 and is set to cost in excess of £100billion.That figure is more than Nasa's £79billion budget for the Artemis missions, exceeding costs for the planned Artemis IV expedition, expected to land astrona...
No relief for rupee: Currency slips to 96.38 against US dollar
The Indian rupee continued its decline against the US dollar, falling 18 paise to 96.38 amid rising crude oil prices and Middle East tensions. The currency has lost over 5% since late February, with concerns over geopolitical instability and foreign portfolio investor outflows pressuring its value.
Starbucks Korea sacks CEO over controversial 'Tank Day' promotion
Starbucks Korea sacks CEO over controversial 'Tank Day' promotion14 minutes agoShareSaveAdd as preferred on GoogleKelly NgandJake Kwon,Seoul correspondentGetty ImagesThe campaign referred to a bloody crackdown on pro-democracy activists in 1980Starbucks Korea's chief executive has been sacked over a campaign perceived as referring to a bloody historical incident.Launched on Monday, the anniversary of the Gwangju Uprising crackdown, the "Tank Day" coffee tumbler promotion sparked calls to boycott...
Petrol, diesel price hike: Congress targets Centre, takes 'inflation man' swipe at PM Modi
Fuel prices have seen their second hike in less than a week, with petrol and diesel increasing by approximately 90 paise per litre. This follows a nearly four-year freeze by state-run oil companies, with prices now reaching their highest levels since May 2022. Opposition parties allege the freeze was timed to end after state elections.
Green steel may save India $1 trillion in coal imports: Report
Washington: India’s shift towards green steel production could help the country avoid nearly $1 trillion in long-term coking coal import costs and strengthen its position in future export markets, according to a new study released by the India Energy and Climate Center (IECC) at the University of California, Berkeley.The report said India’s next phase of steel expansion could otherwise lock the country into around six billion tonnes of coking coal imports over the next four decades if convention...
Asia Group's Lin on Putin’s China Visit, US-China Ties
The Asia Group China Country Director Han Lin unpacks the geopolitical and economic significance of Russian President Vladimir Putin’s visit to Beijing. He also explores the evolving dynamics of US-China relations. He speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
Are consumers cracking under the weight of high prices? We’re about to find out.
ConsumerAre consumers cracking under the weight of high prices? We’re about to find out.Quarterly earnings from Home Depot, Lowe’s, Walmart and Target this week will offer one of the clearest reads yet on how U.S. consumers are holding up. Listen to this article with a free account00:0000:00The Home Depot will report quarterly earnings Tuesday.Dave Berman / USA Today Network via Imagn ImagesShareAdd NBC News to GoogleMay 19, 2026, 12:05 AM EDTBy Allie CanalFour of America’s largest retailers wil...
Belfast harbour operator to invest £1.3bn as NI economy grows
Port has upgraded offshore wind facilities and is to expand quays, ferry terminals and cruise ship servicesThe operator of Belfast harbour plans to spend £1.3bn over the next 25 years to take advantage of strong economic growth in Northern Ireland, in what would be one of the largest non-governmental investments in the region’s history.The Belfast Harbour Commissioners said the money would be spent on upgrading the port, with the possibility of residential property developments that could add an...
Formentera Partners on Oil Markets, Iran War Impact
Bryan Sheffield, Managing Partner at Formentera Partners, discusses the impact from the Iran war and outlook for the energy market. He speaks with Paul Allen from the sidelines of the Australian Energy Producers Conference in Adelaide. (Source: Bloomberg)
US Yields Flirting With 2007 Highs Entice and Divide Investors
A surge in longer-maturity US Treasury yields is testing the resolve of global bond investors torn between the possibility of locking in the rates near to the highest levels in decades and the risk of an even greater selloff.