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Sununu: Spirit Bailout "Made No Financial Sense Whatsoever"
The collapse of Spirit Airlines is cascading through airports across the US, leaving passengers stranded mid-journey and sending rival carriers into rapid-response mode to contain the damage. Airlines for America President & CEO Chris Sununu joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
FPIs continue to exit Indian markets, sold Rs 60,847 cr worth equities in April
Foreign investors are exiting Indian stocks, with outflows reaching Rs 60,847 crore in April, following a massive Rs 1,17,775 crore sell-off in March. This trend signals sustained weakness in overseas investor sentiment, as global capital shifts towards Asian economies benefiting from the AI investment boom, particularly South Korea and Taiwan.
OPEC+ raises output in first production decision after UAE's exit to project stability
Dubai: The oil alliance OPEC+ moved to contain fallout from the withdrawal of the UAE, announcing a modest increase in production targets while avoiding any direct reference to the departing member.Get updated faster and for FREE: Download the Gulf News app now - simply click here. At an online meeting, Saudi Arabia, Russia and five other producers agreed to raise their combined quota by 188,000 barrels per day for June. The group said the move reflects their "collective commitment to support oi...
Morocco Showcases Investment Opportunities to Manchester Business Community
Agadir – Morocco’s ambassador to the UK, Hakim Hajoui, engaged in a high-level meeting in Manchester to showcase Morocco’s investment potential to a wide range of British business leaders to strengthen the growing economic ties between the two countries. Speaking during the meeting on Friday, ambassador Hajoui noted that the talks are part of a broader framework of the long-standing partnership between Morocco and the UK, underlining over eight centuries of diplomatic relations. He pointed...
Opec+ agrees third oil output quota hike since Hormuz closure
Opec+ agreed on Sunday on a modest oil output hike for June, an increase that will remain largely on paper as long as the US-Israeli war on Iran continues to disrupt Gulf oil supplies through the Strait of Hormuz. Seven Opec+ countries will raise oil output targets by 188,000 barrels per day in June, the third consecutive monthly increase, Opec+ said in a statement after an online meeting. The increase is the same as that agreed for May minus the share of the United Arab Emirates (UAE), which le...
Argentines Keep Cash Under Mattresses Even as Milei Pushes Bank Accounts
You’d be surprised how damp and smelly dollar bills get, Alejandro Lamas says, when they’ve been squirreled away under a mattress for years. He’s gotten so many stacks of them from Argentines he’s sold used cars to over the years that he’s a bit of a connoisseur. Slip him a counterfeit and he knows at first touch.
ADNOC unveils Dh200b project pipeline to drive next phase of growth
Abu Dhabi: ADNOC today confirmed it is accelerating growth, with Dh200 billion ($55 billion) allocated to new projects for 2026-2028. The planned project awards reinforce delivery of ADNOC’s five-year capital expenditure (CAPEX) plan approved by its Board of Directors last year and will usher in a new phase of world-scale project execution across its value chain to meet growing global energy demand.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The annou...
India's gig workers: Recognised by law, still waiting for rights
Indias gig workers Recognised by law still waiting for rights
Kiev’s attacks on Russian oil facilities may lead to further rise in prices, Kremlin warns
Oil supplies to the global market have greatly declined due to developments in the Strait of Hormuz, and if some of our oil supplies fail to reach the market, prices will grow even higher, while they have already reached the $120 per barrel level, Kremlin Spokesman Dmitry Peskov told
Chennai guard's 5-year salary rise goes viral. Internet questions corporate jobs
Chennai guards year salary rise goes viral Internet questions corporate jobs
Crude beyond $120: Oil prices touch four-year peak, here's what analysts are saying
Global oil prices surged to a four-year high amid escalating US-Iran tensions and fears of a Strait of Hormuz closure, impacting gasoline prices and broader economies. Analysts warn of a potential global recession due to supply disruptions, with shortages already affecting various goods. Experts predict further price hikes until the strait reopens.
OPEC+ countries to raise oil June output quotas by 188,000 barrels per day
The member states "will continue to closely monitor and assess market conditions, and in their continuous efforts to support market stability, they reaffirmed the importance of adopting a cautious approach and retaining full flexibility to increase, pause or reverse the phase out of the voluntary production adjustments"
Petrol and diesel drivers risk £100 fine when searching for cheap fuel prices
Motorists have been cautioned about trying to find the cheapest fuel in their local area amid fears they could be at risk of breaking down and incurring further costs.Since its launch in February, experts have urged drivers across the UK to use the Government's Fuel Finder tool to slash their petrol and diesel costs.The Fuel Finder scheme has acted as a lifeline for motorists as they adapt to soaring petrol and diesel prices as a result of the war in Iran.Fresh data from RAC Fuel Watch shows tha...
Adnoc to Speed Growth With $55 Billion Project Awards Post-OPEC
The United Arab Emirates’ flagship oil company Adnoc is planning to accelerate a growth plan with 200 billion dirham ($55 billion) in project awards spanning upstream and downstream operations, following the country’s exit from OPEC on May 1.
OPEC+ Agrees to Symbolic June Quota Increase, Delegates Say
Major OPEC+ nations agreed a modest and symbolic increase in their June production quota levels, delegates said, as the group sends a business-as-usual message following the surprise exit of the United Arab Emirates.
Prince William's income tax bill revealed - and he's one of Britain's biggest taxpayers
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Saudi Arabia bans use of government names in property ads under new rules
Dubai: Saudi Arabia has introduced new regulations governing property marketing, banning the use of government entity names in real estate advertisements and tightening oversight to improve transparency across the sector.The rules, approved by the board of the Real Estate General Authority, are part of the implementation of the Real Estate Brokerage Law and are aimed at protecting market participants while reinforcing confidence in property transactions.Get updated faster and for FREE: Down...
How a weaker dollar is quietly making life more expensive
NewsWorldAmericasHow a weaker dollar is quietly making life more expensiveThe U.S. dollar has dropped about 10% against a basket of other major currencies since early 2025Matt Sedensky Sunday 03 May 2026 11:00 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":false,"showBookmark":true,"articleId":"dd9a898575e378e6144b3f152e9d8ea0...
He recorded his quest for tariff refunds. It shows why billions may never get repaid
Business He recorded his quest for tariff refunds. It shows why billions may never get repaid May 3, 20266:00 AM ET Alina Selyukh Diary of a business owner trying to get a tariff refund from the U.S. government Listen · 5:09 5:09 Transcript Toggle more options Download Embed Embed <iframe src="https://www.npr.org/player/embed/nx-s1-5805045/nx-s1-9745292" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player"> Transcript
Lakshmi Mittal RR Deal: बिक गई राजस्थान रॉयल्स.... ₹15,660Cr में सौदा, 75 साल का ये अरबपति होगा मालिक
Lakshmi Mittal RR Deal Cr