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Economic shock from Iran war risks driving up global debt levels, says IMF

Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report saysIran war escalation could trigger global recession, IMF warnsBusiness live – latest updatesThe Iran war risks triggering a rise in global debt levels, forcing governments to choose between cushioning a cost of living shock and maintaining sound public finances, the International Monetary Fund has warned.Against a volatile backdrop of the Middle East conflict, the Washington-based fund...

BBC to cut up to 2,000 jobs in biggest downsize in 15 years

Announcement comes before Matt Brittin replaces Tim Davie as director general next monthBusiness live – latest updatesThe BBC is to cut as many as 2,000 jobs in the biggest down-sizing of the public service broadcaster in 15 years.Staff are set to be informed of the cuts, which will affect about 10% of the BBC’s 21,500 staff, at an all-staff meeting on Wednesday. Continue reading...

Wales wing Neumann ruled out for rest of Six Nations

Wales wing Neumann ruled out for rest of Six NationsImage source, Huw Evans Picture AgencyImage caption, Wing Lisa Neumann started every game for Wales in the 2025 Rugby World CupPublished6 minutes agoWales wing Lisa Neumann has been ruled out of the remainder of the Women's Six Nations with a hamstring injury.The 32-year-old Harlequins player was forced off in the second half of Wales' 24-19 opening-round defeat by Scotland on Saturday. The Welsh Rugby Union (WRU) says her replacement...

Govt weighs spot LNG as Iran war hits supply, ramps up domestic oil and gas

Minister for Petroleum Ali Pervaiz Malik said on Wednesday that the government is considering buying liquefied natural gas (LNG) on the spot market to offset supply disruptions caused by the Iran war, but would favour government-to-government deals to avoid paying steep premiums. Qatar's force majeure has forced ​Pakistan to make costly spot purchases or find alternative fuels ahead of summer ​demand. Spot LNG cargoes have surged to $20 to $30 per mmBtu amid the Middle East ⁠conflict, Mali...

Below-normal rains and West Asia tensions may push inflation higher

Belownormal rains and West Asia tensions may push inflation higher

Rachel Reeves rakes in extra £215million from drivers in little over six weeks thanks to higher pump prices sparked by Iran war, analysis shows, sparking fresh calls to follow other countries and cut petrol taxes

Rachel Reeves rakes in extra £215million from drivers in little over six weeks thanks to higher pump prices sparked by Iran war, analysis shows, sparking fresh calls to follow other countries and cut petrol taxesBy DAVID CHURCHILL Published: 14:18, 15 April 2026 | Updated: 14:20, 15 April 2026 e-mail View comments

What are today's mortgage interest rates: April 15, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: April 15, 2026? 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 Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He wri...

Fed’s Hammack Says Baseline Is Rates on Hold for a ‘Good While’

Federal Reserve Bank of Cleveland President Beth Hammack said interest rates are well positioned and she prefers for them to remain steady, but also sees the possibility they may need to be adjusted in either direction.

هشدار اتحادیه اروپا درباره تلاطم شدید بازار انرژی در صورت تداوم جنگ ایران

خبرگزاری رویترز به نقل از منابع دیپلماتیک گزارش داد اتحادیه اروپا به کشورهای عضو هشدار داده در صورت تداوم جنگ ایران، بازارهای انرژی با کمبود طولانی‌مدت عرضه روبه‌رو می‌شوند و این وضعیت کشورها را ناچار خواهد کرد مصرف سوخت را کاهش دهند.

Analysts doubt Iran war will prompt China stimulus, tip ‘solid’ first-quarter GDP growth

The US-Israeli war on Iran and the current Iranian and American blockades of shipping through the Strait of Hormuz are likely to overshadow China’s first-quarter economic performance, analysts said, with questions looming large about how the world’s second-largest economy will handle their impact. Many observers said they expect the leadership in Beijing will adopt a wait-and-see approach, with little likelihood of an immediate stimulus to guarantee the country’s annual economic target is...

EU budget chief pitches collaboration and bonds on Hong Kong leg of Asia tour

The European Union will remain open to capital from mainland China and Hong Kong even as the bloc pursues a “de-risking” strategy in certain key sectors, its budget chief has said on his first visit to the city. Piotr Serafin, the European Commissioner for Budget, Anti-Fraud and Public Administration, also said that the EU was keen to explore opportunities for financial collaboration with Hong Kong in areas such as green bonds, describing the city as a “bridge” to Asia. It is understood...

IMF Says Treasuries Losing Premium, Warns US on Debt Management

The International Monetary Fund warned Wednesday that the escalating scale of US debt issuance is undermining the premium Treasuries have commanded from investors, with implications for government securities across the globe.

Exeter members to vote on takeover by US backers

Exeter members to vote on takeover by US backersImage source, Getty ImagesImage caption, England internationals Immanuel Feyi-Waboso and Henry Slade both play for ExeterByMike HensonBBC Sport rugby union news reporterPublished17 minutes ago4 CommentsExeter Chiefs have finalised a proposed takeover by an American backer as the investor influx to Prem Rugby continues.The Devon club will now put the offer to a vote by their 700 members in a special general meeting early next month.Approached by BBC...

Pakistan Aims to Handover Airline Control to New Buyer in April

Pakistan’s government is planning to handover the control of its national carrier to the Arif Habib Group-led consortium by the end of this month, as the South Asian nation moves to meet a key International monetary Fund condition of selling its stakes in state-owned firms.

What Dubai Chambers’ new Manila office means for UAE-Philippines trade growth

Dubai: Dubai International Chamber, part of Dubai Chambers, has expanded its international footprint with the opening of a new representative office in Manila, a strategic move aimed at accelerating trade and investment flows between Dubai and the Philippines.The launch has reflected Dubai’s broader ambition to reinforce its position as a global business hub while creating platforms that connect companies, investors, and institutions across priority international markets.Get updated faster and f...

Fuel rationing on the table as crisis-hit Pakistan faces energy shock

Fuel rationing on the table as crisishit Pakistan faces energy shock

Preferred bidder identified to take control of Speciality Steel

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ईरान जंग ने बिगाड़ा गेम... भारत के निर्यात में बड़ी गिरावट, 58% की आई कमी!

सरकार ने तय की है इतने हजार न्यूनतम सैलरी, कोई कंपनी ना दे तो क्या करें?

Russia recovers 32 oil, gas, transport infrastructure enterprises in 2025

Prosecutor General Alexandr Gutsan noted that the effectiveness of government measures to improve citizens’ quality of life largely depended on economic stability, making the strengthening of the state’s property and financial base a key supervisory priority