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UAE Departs OPEC as Iran Feel Economic Sting of Blockade
Exxon Mobil Corp. and Chevron Corp. posted stronger-than-expected earnings for the first quarter as higher oil and natural gas prices outweighed production outages from the Iran war. Bloomberg Opinion Energy and Commodities Columnist joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. (Source: Bloomberg)
Labour have ‘crippled’ the economy says Jeff Banks in devastating assessment of nation’s finances
Successful British entrepreneur Jeff Banks has slammed Labour for “crippling” the economy. Speaking to GB News, the fashion designer and commentator delivered a devastating assessment of the nation’s finances. The businessman listed an exhaustive list of economic woes blighting the UK, including the “highest unemployment rate at 5.2 per cent that we've had in the last ten years” and “youth unemployment at 16 per cent”. “Why was that? Because the hike in National Insurance meant a minimum wage. “...
Spirit Shuts Operations After White House Bailout Collapses
Spirit Aviation Holdings is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by US President Donald Trump fell through. All Spirit flights have been canceled, and passengers have been advised not to go to the airport. (Source: Bloomberg)
Oil market four weeks from 'tipping point' with warnings price at pumps could rocket
Donald Trump has told oil company executives the blockade of the Strait of Hormuz could “continue for months” raising fears global stockpiles could dip below critical levels
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War and your SIPs: Stay, pause or exit?
Indian equities experienced significant volatility as geopolitical tensions impacted markets, leading to a weaker rupee and investor caution. While fear drives knee-jerk reactions, the core design of Systematic Investment Plans (SIPs) is built to navigate these phases, turning market swings into a potential long-term advantage for disciplined investors.
Is This a Stock Market Melt-Up? Here Are Ways to Tell
The stock market is on a tear again, with high-flying technology stocks propelling the S&P 500 Index toward fresh records and luring swaths of momentum-chasing investors. Speculation that the worst of war in Iran is over has traders piling into artificial intelligence darlings such as Broadcom Inc. and Intel Inc. — and sent semiconductor stocks higher in 21 of the last 23 trading sessions.
Millions of commuters in two states are told to work from home this summer for surprising reason as cost of train ticket to increase 11-fold on certain days
Millions of commuters in two states are told to work from home this summer for surprising reason as cost of train ticket to increase 11-fold on certain daysBy LAUREN ACTON-TAYLOR, US NEWS REPORTER Published: 15:19, 2 May 2026 | Updated: 15:19, 2 May 2026 e-mail View comments
Ford CEO discusses auto industry affordability amid rising gas prices and economic uncertainty
The average cost of a new car is about 30% more expensive than 2019, data shows. Ford CEO Jim Farley spoke with "CBS Saturday Morning" about how the car company is tackling affordability amid economic uncertainty and rising gas prices.
Drivers to benefit from free parking amid major overhaul of car park rules
Thousands of drivers could benefit from free parking in a bid from a local council to promote shopping on high streets across the council.South Gloucestershire Council has confirmed that drivers will be able to use any space to park for free for 30 minutes in certain council-run car parks.The new offer will apply to car parks where charges were introduced last year, with the new rules set to be introduced in June.Local stakeholders, including the Chambers of Commerce, town and parish councils, s...
PM Shehbaz orders formulation of strategy to stabilise electricity tariffs
Prime Minister Shehbaz Sharif, while chairing a meeting on energy sector reforms on Saturday, directed the authorities concerned to formulate a comprehensive strategy to stabilise electricity tariffs. During the meeting, the prime minister stressed the need to provide relief to both industrial and domestic electricity consumers and instructed officials concerned to take concrete measures in this regard. He also called for significant improvements in the power transmission system to reduce line l...
Russia’s GDP by PPP ranked 4th largest globally due to agriculture, chemicals — expert
This was facilitated by the growth of the agricultural, chemical, and manufacturing industries, according to Anton Sviridenko
'No dry outs': Centre assures uninterrupted LPG supply, moves to ease demand with alternative fuels
The government assures uninterrupted fuel availability nationwide despite the West Asia crisis impacting global energy markets. Measures are in place to ensure 100% supply of domestic LPG, PNG, and CNG, with household LPG prioritized. Citizens are urged to avoid panic buying and rely on official information.
The end of the Aussie backyard: Dick Smith issues stark warning about the nation's future - and the homes we'll be forced to live in
The end of the Aussie backyard: Dick Smith issues stark warning about the nation's future - and the homes we'll be forced to live inNew development greenlit in Sydney's inner-westBut residents and commentators are furiousREAD MORE: Aussies erupt over unit complex with 'rich door' and 'poor door'By CAITLIN POWELL - NEWS REPORTER Published: 14:33, 2 May 2026 | Updated: 14:34, 2 May 2026 e-mail View comments
Abu Dhabi hosts biggest 'Make it in the Emirates' as UAE accelerates industrial push
ADNEC Group has announced the completion of its preparations to host the fifth edition of the “Make it in the Emirates 2026” platform, set to take place at ADNEC Centre Abu Dhabi from 4 to 7 May.This edition, organised in collaboration with a number of strategic partners, is the largest in the event’s history. It spans 12 strategic industrial sectors and brings together leading innovators, manufacturers, and investors, reinforcing its role in accelerating industrial development and fostering inn...
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Trump Announces 25% Tariff on EU Vehicles Amid Trade Dispute
Agadir – Donald Trump announced on Friday that the US will raise tariffs on cars and trucks imported from the European Union to 25% starting next week, up from the previously agreed 15%, citing what he described as non-compliance with a bilateral trade deal. “Based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be incr...
Urgent call for Albanese government to raise JobSeeker payments just weeks before the Federal Budget
Urgent call for Albanese government to raise JobSeeker payments just weeks before the Federal BudgetREAD MORE: Australians stare down a nerve-shredding fortnight By CAITLIN POWELL - NEWS REPORTER and SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 14:16, 2 May 2026 | Updated: 14:17, 2 May 2026 e-mail View comments
Modest Fuel Price Drop in Morocco Reignites Questions Over Market Structure
Rabat – Despite a modest drop in fuel prices at the beginning of May, Morocco’s pricing structure continues to fuel debate over transparency and balance in how increases and decreases are passed on to consumers. Diesel prices fell by around MAD 1($0.10) per litre and gasoline by approximately MAD 1.10 ($0.11), bringing both fuels just below the MAD 15 ($1.53) per litre mark. The adjustment, which took effect overnight from Thursday to Friday, follows a cycle of three consecutive increases in Mar...
Spirit Airlines goes bust and cancels all flights after bailout talks fail
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