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Cognizant may lay off 4,000 employees, is AI the reason?
Cognizant may lay off employees is AI the reason
Asia Growth at Risk as Oil Surges to Wartime High | Insight with Haslinda Amin 04/30/2026
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)
PSX plunges over 4,700 points as bears maintain control
Bears continued to dominate the trading floor at the Pakistan Stock Exchange (PSX) on Thursday as the KSE-100 plunged by over 4,700 points during intraday trade. KSE-100 declined by 4,786.92 points or 2.89 per cent to stand at 161,036.95 points from the previous close of 165,823.87 points. PSX remained under selling pressure for a third consecutive session on Wednesday, as investors stayed wary of the economic outlook and corporate earnings disappointed expectations. Rising global oil prices ami...
From TDS mismatches to capital gains errors: 3 risks under Income Tax Act 2025
From TDS mismatches to capital gains errors risks under Income Tax Act
ECB Set to Hold Rates as Policymakers Assess War Impact
A unanimous survey of economists said the European Central Bank is set to keep interest rates unchanged at 2% on Thursday, as policymakers continue to weigh the economic impact of the Iran war. Bloomberg's Oliver Crook reports from Frankfurt. (Source: Bloomberg)
UAE announces petrol and diesel prices for May 2026
Dubai: The UAE Fuel Price Committee on Thursday announced the retail prices for petrol and diesel for May 2026.Under the new rates, Super 98 petrol will cost Dh3.66 per litre, compared to Dh3.39 in April, while Special 95 petrol is priced at Dh3.55 per litre, compared to Dh3.28 last month.Get updated faster and for FREE: Download the Gulf News app now - simply click here.E-Plus petrol will sell for Dh3.48 per litre, from Dh3.20 in April. Diesel prices will now cost Dh4.69 per litre, compared to...
UAE petrol, diesel prices for May 2026 announced
The UAE has set fuel prices for May 2026 against a backdrop of global market volatility, driven by stalled progress toward ending the Middle East conflict.The new rates listed below will apply from May 1, 2026, and are as follows:Super 98 petrol will cost Dh3.66 a litre, compared to Dh3.39 in April.Special 95 petrol will cost Dh3.55 per litre, compared to the current rate of Dh3.28.E-Plus 91 petrol prices will cost Dh3.48 per litre, compared to the previous rate of Dh3.20 a litre.Diesel rate rem...
Gold prices stabilise, lose Dh1 per gram as interest rates remain unchanged
Gold prices in the UAE stabilised, losing only Dh1 per gram, after a brief period of recovery. The 24K gold price was trading at Dh547.25 per gram at market open on Thursday, down from Dh548.25 per gram at the market close on Wednesday.Similarly, other variants also fell on Thursday, with 22K, 21K, 18K and 14K trading at Dh506.75, Dh486.00, Dh416.50, and Dh325.0 per gram, respectively. Globally, spot gold was trading at $4,562.7 per ounce at 9.30am UAE time. Silver was up 1.98 per cent...
BOE Expected to Keep Rates Unchanged at 3.75%
The Bank of England is likely to keep interest rates on hold at 3.75% on Thursday, economists say, as policymakers balance the risk of a prolonged energy price shock from the Iran war against a subdued domestic economic picture. Bloomberg Economics' Matthew Bunny has a preview of the decision. (Source: Bloomberg)
Revealed: British ad firm’s billion-dollar greenwash of US oil industry
WPP accused of breaching its climate policy after report reveals firm linked to twice as much oil advertising as US rivalsA British advertising conglomerate has helped the oil companies ExxonMobil, Chevron, Shell and BP spend an estimated $1.5bn (£1.1bn) on adverts in the US since the 2015 Paris agreement to tackle the climate crisis, a report shows.London-based WPP was the leading advertising group serving the US’s oil industry over the past decade, according to analysis by the climate investig...
Only 40% freshers cross Rs 5 lakh salary, 90% ready to settle for lower pay
Only freshers cross Rs lakh salary ready to settle for lower pay
Rupee hits record low, UAE remitters get nearly Rs26 for Dh1
Dubai: The Indian rupee fell to a record low, giving UAE-based remitters one of the strongest exchange-rate windows yet, while higher oil prices and sustained foreign outflows added pressure on Asia’s third-largest economy. (Check live forex rates here)Sign up for our daily business newsletter, Cheques & Balances.At 8.30 am UAE time, Dh1 stood at Rs25.93, according to XE.com, while the rupee stood at 95.25 against the US dollar. The move gives Indian expatriates in the UAE more rupees...
3million UK households going without food in cost of living crisis
71% of UK adults believe the UK economy will worsen over the next 12 months
Rupee sinks to record low as oil spike and Fed stance pile on pressure
Rupee sinks to record low as oil spike and Fed stance pile on pressure
Malaysia Working on Securing Fuel Supply Beyond June
Malaysian Economy Minister, Akmal Nasrullah Mohd Nasir, says the country can sustain its fuel supply until the end of June and is currently in negotiations with potential suppliers to secure additional supply at the right price. He spoke exclusively on Insight with Haslinda Amin. (Source: Bloomberg)
Rupee hits record low of 95.20 against US dollar, slides 32 paise in early trade
The Indian rupee hit a record low of 95.20 against the US dollar today. Rising global crude oil prices and a stronger US dollar are pressuring the currency. Concerns over West Asia also impact investor sentiment. Foreign investors continue to sell Indian equities. The domestic stock market also saw a decline.
Pak reels under oil shock, weekly crude bill jumps to Rs 7600 crore amid Iran war
Pak reels under oil shock weekly crude bill jumps to Rs crore amid Iran war
ING Profit Beats Estimates, Pledges €1 Billion Share Buyback
ING Groep NV reported better-than-expected profit for the first quarter as both lending income and fees increased. The Netherlands’ largest bank also unveiled a fresh €1 billion ($1.17 billion) share buyback plan.
Fed Shows Division, Earnings Power Asia Tech | The Asia Trade 4/30/2026
"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)
Homeowners turn to solar panels as oil prices rise
Homeowners turn to solar panels as oil prices rise7 minutes agoShareSaveAdd as preferred on GoogleCathy KillickandChloe Aslett,YorkshireBBCSolar panels can give householders a feeling of "control" over their energy, Mark Houldsworth saidRenewable energy firms in Yorkshire have reported a spike of interest in solar panels prompted by the US-Israel war with Iran.As fuel prices have risen, households have been turning away from oil and gas, with energy supplier Octopus seeing a 50% rise i...