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US at full capacity as Hormuz crisis squeezes global LNG, prices surge
Dubai: The closure of the Strait of Hormuz is rippling through global energy markets, choking off a critical supply of liquefied natural gas (LNG) and exposing a hard limit: Even the world’s top exporter, the United States, cannot step in to plug the gap, The New York Times reported.A two-month halt in LNG shipments from Qatar — one of the world’s largest suppliers — has triggered a sharp surge in prices across Europe and Asia, intensifying pressure on economies heavily reliant on imported gas f...
US Not Considering an Energy Export Ban, Secretary Wright Says
US Energy Secretary Chris Wright says the US is “absolutely not” studying a ban on energy exports amid rising oil prices. Wright discusses Iran’s oil storage capacity, the Trump administration’s stance on negotiations with Iran, and plans for pipeline agreements in Europe. (Source: Bloomberg)
Sharjah disburses Dh9.1m to owners of older taxi plates
The Sharjah Roads and Transport Authority (SRTA) has begun disbursing Dh9.14 million in annual payments to 4,572 owners of older taxi licence plates, in a move aimed at supporting low-income groups.The SRTA said each eligible beneficiary will receive Dh2,000 for 2025, in line with directives of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The authority said the...
What Blocks MENA Firms From Growing? A Bank Al-Maghrib Study Responds
Marrakech – A new working paper published this month by Bank Al-Maghrib (BAM) has identified political instability, limited access to finance, and informal competition as the three binding constraints holding back firm growth across the Middle East and North Africa, including Morocco. The study, authored by central bank researchers Hicham Doghmi and Kamal Lahlou, analyzed firm-level data from the World Bank Enterprise Surveys covering 18,697 formal firms across 11 MENA countries surveyed b...
BYD Quarterly Profit Drops to Lowest in Years Amid Price War
BYD Co.’s quarterly profit tumbled to its lowest level in more than three years as the the world’s largest maker of electric vehicles offered more discounts on its cars to fend off mounting competition.
Oil prices are soaring due to Strait of Hormuz blockade. Now the internet is under threat
NewsWorldMiddle EastOil prices are soaring due to Strait of Hormuz blockade. Now the internet is under threatSeveral fibre-optic cables snake across the seabed of the strait Federico Maccioni Tuesday 28 April 2026 11:42 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove bookmark"},"showComments":true,"showBookmark":true,"articleId":"b...
JPMorgan Says Firms Avoid Raising Forecasts Due to War Concerns
Doubts triggered by the Middle East conflict are feeding into US earnings, with some companies refraining from increasing forecasts despite a strong start to the year, according to strategists at JPMorgan Chase & Co.
Investments in AI exceed funding of US nuclear weapons technology — Russian official
Investments in generative artificial intelligence in just one year exceeded $450 billion, or about twice the entire expenditure on the Apollo program, Russian Presidential Administration Deputy Chief of Staff Maxim Oreshkin said
NS&I puts new issues of British Savings Bonds on sale with higher rates
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Unemployed for 5 months, 25-year-old says he is close to homelessness
Unemployed for months yearold says he is close to homelessness
Sensex, Nifty slip amid RBI norms, global cues; banks lead decline
Sensex Nifty slip amid RBI norms global cues banks lead decline
Man digs up sister's skeleton, takes it to bank to prove death to withdraw money
Man digs up sisters skeleton takes it to bank to prove death to withdraw money
'Emergency handbrake' needed on sickness benefits, Blair think tank says
'Emergency handbrake' needed on sickness benefits, Blair think tank says36 minutes agoShareSaveAdd as preferred on GoogleMichael BuchananSocial affairs correspondentGetty ImagesThe government should introduce an "emergency handbrake" to cut the number of people who are receiving health and disability benefits, a think tank says.The Tony Blair Institute (TBI) says people diagnosed with conditions such as mild depression or ADHD should not be eligible for cash benefits.It argue...
Shares in buy-to-let mortgage lenders fall after report Reeves plans rent freeze
FTSE 250 firms Paragon and OSB Group, owner of Kent Reliance and Precise Mortgages, slide on London Stock ExchangeRachel Reeves considering rent freeze to limit Iran war falloutBusiness live – latest updatesShares in some of the UK’s biggest buy-to-let lenders such as Paragon and One Savings Bank have fallen after it emerged that the chancellor may make private landlords commit to a one-year rent freeze.In an effort to protect households from rising living costs as a result of the Iran war, Rach...
China's 'do-anything' economy forcing educated workers into gig jobs: Report
Chinas doanything economy forcing educated workers into gig jobs Report
Grocery price inflation falls to lowest level in a year
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Spotify Q1 Revenue Rises 8%, Premium Subscribers Inch Up to 293 Million Amid U.S. Price Hikes
Spotify reported results for the first quarter of 2026 that were in line or slightly ahead of expectations across all key metrics — gaining 3 million Premium subscribers in the period to reach 293 million total, notwithstanding its recent price increases in the U.S. Total monthly active users (including both free and paid) climbed 12% […]
Will the Fed cut rates? Here's what to expect at Wednesday's meeting.
MoneyWatch Will the Fed cut interest rates? Here's what to expect at Wednesday's meeting. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham April 28, 2026 / 6:00 AM EDT / CBS News Add CBS News on Googl...
BP rakes in cash as Brits suffer: Energy giant sees profits DOUBLE to $1bn a MONTH - as Iran chaos sees oil prices surge above $111 again
BP rakes in cash as Brits suffer: Energy giant sees profits DOUBLE to $1bn a MONTH - as Iran chaos sees oil prices surge above $111 againBy ANGHARAD CARRICK, BUSINESS NEWS EDITOR and JAMES TAPSFIELD, UK POLITICAL EDITOR Updated: 10:59, 28 April 2026 e-mail 409 View comments
Brit father-and-son wine entrepreneurs are sued by Italian state body for 'misusing the Prosecco name' and selling 'fake fizz'
Brit father-and-son wine entrepreneurs are sued by Italian state body for 'misusing the Prosecco name' and selling 'fake fizz'By ROBERT FOLKER, NEWS REPORTER Published: 10:58, 28 April 2026 | Updated: 11:01, 28 April 2026 e-mail View comments