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Oil prices could fall sharply if energy crisis drags on — Novak

"According to various international agencies, the conflict will cause a decline in global GDP growth rates by 0.3-0.5 percentage points in 2026-2027, possibly even more, depending on its duration," the Russian deputy prime minister said

Bond Market’s Warsh Trade Falls Apart as Oil Fans Inflation Risk

Not long ago, the Treasury market thought it had the Kevin Warsh trade figured out: Simply bet on the multiple interest rate cuts that the nominee had been expected to deliver if he got the job to lead the Federal Reserve.

Dubai Land Department launches second phase of Emirati real estate incubator programme

Dubai: Dubai Land Department has launched the second phase of its Emirati Real Estate Business Incubator Programme, aiming to attract 25 additional UAE nationals seeking to establish locally owned real estate brokerage firms.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The programme follows the completion of its first phase, which the department said drew strong interest from Emiratis looking to enter Dubai’s property sector and build brokerage businesses....

Priya Kapur usurping family trust: Sunjay Kapur's mother seeks relief in estate row

Priya Kapur usurping family trust Sunjay Kapurs mother seeks relief in estate row

सस्ते तेल की ताक में थीं चीन की रिफाइनरियां! नहीं माना सऊदी तो उठाया ये कदम

West needs Central Asia’s rare earths to militarize economy — Russian Foreign Ministry

Director of the Third CIS Department of the Russian Foreign Ministry Alexander Sternik noted that rare earth metals are used in advanced weapons and military equipment, laser systems and navigation systems

Tax cuts and cost of living help proposed by Labour-linked groups allied to Streeting and Burnham

With Starmer under growing pressure to resign, Growth and Tribune groups put forward ideas for policy revampsUK politics live – latest updatesGroups connected to the health secretary, Wes Streeting, and the Greater Manchester mayor, Andy Burnham, have proposed large changes to government policy, giving a sense of how the country may change should either one succeed Keir Starmer.The Growth Group, allied to Streeting, and the Tribune group of Labour MPs, allied to Burnham, have published competing...

The clipping economy: How short-form video 'clippers' are overrunning the internet

Technology The clipping economy: How short-form video 'clippers' are overrunning the internet May 12, 20265:00 AM ET Heard on Morning Edition Bobby Allyn The clipping economy: How short-form video 'clippers' are overrunning the internet Audio will be available later today.

Inflation expected to jump to a 3-year high as Iran war continues to fuel rising prices

Iran warInflation expected to jump to a 3-year high as Iran war continues to fuel rising pricesEconomists predict the Consumer Price Index will have risen to 3.8% in April, up another 0.6% from March.Listen to this article with a free account00:0000:00Inflation jumped 0.9% from February to March, the largest month-to-month jump since 2022.Michael M. Santiago / Getty ImagesShareAdd NBC News to GoogleMay 12, 2026, 5:00 AM EDTBy Steve KopackThe Consumer Price Index is widely expected to show inflat...

Gold recycling after Modi's appeal: Jewellery industry says it's smarter

India's jewellery industry urges against curbing gold purchases, emphasizing its cultural significance as savings and tradition. Instead, they propose enhanced gold recycling and domestic mobilization to ease foreign exchange pressure. This approach aims to protect millions of livelihoods tied to the sector, from artisans to small businesses, by circulating existing gold rather than stifling demand.

After quitting Rs 30 lakh job, techie poses as broker, swindles Rs 100 crore

After quitting Rs lakh job techie poses as broker swindles Rs crore

From buying less gold to cashing it: How industry plans to cut India’s import bill

Facing a widening trade deficit, India's Prime Minister urges reduced gold purchases. Industry bodies propose tapping into the nation's vast household gold reserves. Their plan involves using refined household gold for domestic demand and channeling imported gold into jewellery exports via gold metal loans, aiming to boost working capital and cut imports.

Lloyds Bank launches £5,000 deposit mortgage for first-time buyers

Lloyds is launching a new mortgage that requires just a £5,000 deposit, in a bid to help first‑time buyers who can afford monthly payments but cannot save the large lump sums typically needed to get on the property ladder.The product, available from May 18 through Lloyds, Halifax and UK mortgage brokers, is aimed at renters already paying mortgage‑sized monthly costs but who lack family support or access to gifted deposits.Lloyds said it is designed for buyers who have shown strong money managem...

Dubai grocer Spinneys tops Dh1 billion in sales amid war tensions

Dubai: Supermarket giant Spinneys crossed the Dh 1 billion revenue mark in the first quarter of 2026, even as regional conflict disrupted freight routes and slowed consumer activity in March.Sign up for our daily business newsletter, Cheques & Balances.The DFM-listed company reported revenue of over Dh 1 billion for the three months ended March 31, up 11.9 per cent from Dh 906 million a year earlier. Profit for the period rose 1.9 per cent to Dh87 million, while profit before tax remained largel...

UK borrowing costs hit highest since 1998 amid Starmer uncertainty

Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership changeBusiness live – latest updatesUK politics live – latest updatesLong-term UK borrowing costs have soared to the highest level in nearly three decades while the pound and stocks fell, as investors braced for a potential change of leadership, with cabinet ministers urging Keir Starmer to quit.Starmer is consulting colleagues before a crunch cabinet meeting on Tuesday morning that comes after min...

Mitsubishi Heavy Sees Global Gas Turbine Demand Staying Strong

Global orders for gas turbines will “decline slightly” this year from 2025, but remain strong due to the build-out of data centers, according to Mitsubishi Heavy Industries Ltd., a major manufacturer of the equipment used in power plants.

Nationwide £3,500 update for new and existing customers

Nationwide Building Society has announced a series of changes

Petrol-Diesel Price Hike Signal: देश में कितने दिन का तेल है... क्या बढ़ने वाले हैं पेट्रोल-डीजल के दाम? मंत्री ने दिए संकेत

PetrolDiesel Price Hike Signal

Tata Sierra की बंपर डिमांड, 30 हजार ने खरीदी दमदार SUV

Tata Sierra SUV

Greggs ups prices of meal deals again and cautions over Iran war cost hit

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