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EU faces ‘China shock’ as EV imports drive Beijing’s record surplus with bloc
China sold goods worth about $148bn to EU in first quarter of year, but imported just $65bnThe EU is experiencing a prolonged “China shock” as a flood of Chinese EVs into Europe helped push Beijing to a record surplus with the bloc.New data showed China’s trade surplus – where its exports to the EU exceeded imports from the bloc – was $83bn (£61bn) in the first three months of 2026. Continue reading...
Iran War Drives PCB Prices up 40% as Global Tech Supply Chain Strains
Casablanca – Iran’s war is starting to hit the global tech supply chain directly, pushing up costs for some of the most basic components used in electronics. Printed circuit boards, or PCBs, are now harder to make and more expensive. These parts sit inside almost everything, from smartphones and laptops to AI servers. The disruption traces back to an early April strike on Saudi Arabia’s Jubail petrochemical complex. The facility produces high-purity polyphenylene ether resin, a key material used...
Why Digital Goods Are Becoming Big Business For Creators
InnovationCreator EconomyWhy Digital Goods Are Becoming Big Business For CreatorsByIan Shepherd,Contributor.Forbes contributors publish independent expert analyses and insights. Ian Shepherd is an investor and host of the Business of CreatorsFollow AuthorApr 27, 2026, 12:02pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Teens in circle holding smart mobile phones - Multicultural young people using cellphones outside - T...
Algeria Continues to Lead Africa in Arms Spending, Morocco in Second Place
Rabat – Algeria continues to top the list in terms of military spending, which rose by 11% in 2025 against 6.6% in Morocco. A new report from the Stockholm International Peace Research Institute (SIPRI) said Algeria’s military spending reached $25.4 billion last year, making it the largest spender on the continent. “At 25 per cent, Algeria’s military expenditure as a share of government spending was the second largest globally after Ukraine,” the report added. Morocco, meanwhile, is the se...
Claire’s shuts all stores with 1,300 jobs axed as high street giant collapses
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Claire’s shuts all UK and Ireland stores with 1,300 redundancies
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Mideast Urea Output Slumps With Lack of Fertilizer Ships to Load
More than half of the Middle East’s urea output may have been lost since the start of the Iran conflict, which is continuing to disrupt fertilizer flows from the region and threatening global food inflation.
Claire’s to close remaining UK stores on Tuesday with more than 1,000 job losses
Sources say staff have been asked to pack up final stock and equipment after waves of closuresJewellery chain Claire’s is closing its final UK stores on Tuesday, cutting about 1,000 jobs months after falling into administration.Sources said staff at Claire’s, which collapsed in January, had been asked to pack up the final stock and equipment with the remaining outlets to formally close on Tuesday after successive waves of closures in recent weeks. Continue reading...
UAE fuel prices for May: Why petrol, diesel costs won't rise like it did in April
Dubai: UAE motorists are unlikely to see a sharp drop in fuel prices in May, even as global oil markets attempt to stabilise after recent spikes.Crude has rebounded again—adding fresh upward pressure, though much of this move comes too late to significantly impact May fuel prices.Brent crude for June delivery is now at $107.60 per barrel, up about 2.2%The more actively traded July contract stands at $101.38, rising 2.3%Prices have climbed from roughly $70 before the conflict, with peaks above $1...
Claire's closes 154 stores with loss of 1,300 jobs
Claire's closes 154 stores with loss of 1,300 jobsJust nowShareSaveAdd as preferred on GoogleFaarea MasudBusiness reporterGetty ImagesAll of accessories chain Claire's standalone stores have stopped trading in the UK and Ireland, after the firm's financial woes saw it fall in to administration twice in the space of one year.Administrators Kroll said 154 stores have ceased trading and more than 1,300 staff have been "notified of redundancy", though concession outlets and...
Data center demand drives 66% surge in natural gas power plant costs
Tech companies, including Microsoft and Meta, have been falling in love with natural gas lately, rushing to build power plants fed by the fossil fuel to drive their data centers. But their embrace might be a little too tight — the cost to build one of the facilities has spiked 66% in the last two years, according to a new report from BloombergNEF. While natural gas prices remain low in the U.S. despite the ongoing war in Iran, the price to build a new combined cycle gas turbine (CCGT) power plan...
Deutsche, JPMorgan Favor Energy-Linked Currencies Amid Iran War
Investors are doubling down on bets that energy-linked currencies will keep rising as the US-Iran conflict reshapes global oil markets, with Deutsche Bank, JPMorgan Chase & Co. and Pioneer Investments urging clients to buy into the trade.
What are your options if you can't afford debt relief payments?
MoneyWatch: Managing Your Money What are your options if you can't afford debt relief payments? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she write...
Citadel Securities Sees Markets Buoyed as Iran Risks Recede
Stocks and bonds can rally in tandem as the Iran conflict moves closer to a resolution that avoids escalation, even as the stalemate around the Strait of Hormuz continues, according to Citadel Securities.
From '12/10' summit to silent showdown: China's subtle economic play against US
Despite a positive meeting, China is strategically expanding economic leverage against the US. New regulations target companies shifting supply chains and restrict foreign tech in state data centers. Beijing is building pressure tools, moving beyond trade, as both nations navigate a complex geopolitical landscape and competition for critical resources.
Oil India discovers oil, gas in Libya amid global energy tensions
Oil India discovers oil gas in Libya amid global energy tensions
India Changes Bank Loan-Loss Rules to Align With Global Norms
India’s central bank has introduced tighter rules requiring banks to set aside more funds for future losses on credit and loan portfolios, in a move to align the sector’s norms with global standards.
0% tariffs, visas, $20 bn investment: How India benefits in trade deal with NZ
India and New Zealand have signed a 'once-in-a-generation' trade pact, granting Indian exporters duty-free access to New Zealand. The agreement aims to double bilateral trade to $5 billion in five years and includes a $20 billion investment commitment from New Zealand. Both nations are optimistic about the pact's potential to boost economic growth and cooperation across various sectors.
What's the mortgage interest rate forecast for May 2026?
MoneyWatch: Managing Your Money What's the mortgage interest rate forecast for May 2026? Here's what some experts expect. We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Tim Maxwell Tim Maxwell Tim Maxwell is a freelance writer who covers investing, real estate, banking, credit education and other personal finance...
More PS5 Price Hikes Furthers The Question Of Why Anyone Would Buy One
InnovationGamingMore PS5 Price Hikes Furthers The Question Of Why Anyone Would Buy OneByPaul Tassi,Senior Contributor.Forbes contributors publish independent expert analyses and insights. News and opinion about video games, television, movies and the internet.Follow AuthorApr 27, 2026, 10:47am EDTApr 27, 2026, 11:00am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.PS5SonyWhile some regions escaped the recent round of PS5...