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Govt apologises for excessive loadshedding, blames it on reduced hydropower availability

ISLAMABAD: The government on Wednesday apologised to power consumers for higher than promised “load management” arising out of lower water availability for power generation. In a statement, the Power Division said it was “apologising for the additional load management necessitated by reduced hydropower availability”. A spokesman for the Power Division also urged consumers to conserve electricity, particularly during nighttime hours, and to adopt energy-saving prac...

Morocco Fuel Market Shows No Anti-Competitive Behavior as Pump Prices Rise

Casablanca – Morocco’s Competition Council said it found no anti-competitive behavior in the national fuel market, even as pump prices continued to rise through late March and early April in line with international trends. In a new note covering the period from March 16 to April 1, the council said no signs of collusion were identified in the diesel and gasoline market. Still, it once again pointed to the tendency of operators to revise prices on the same dates and by similar amounts, saying thi...

HSBC Turns Bullish on Hungary’s Stocks After ‘Game-Changer’ Vote

Hungary’s stocks can extend their rally as a landslide opposition victory marks a “game-changer” that could sharply compress risk premiums and unlock a long-awaited re-rating, according to strategists at HSBC Holdings Plc.

Your favorite fast food app is playing mind games and charging you for the privilege

Fast food junkies. You didn’t suddenly get hungrier. You just got charged more.Somewhere between tapping your phone and hearing that familiar "order complete" chime, your $8 fast food meal quietly ballooned into $20 or more. And no, it’s not just inflation, it’s something far more calculated by the fast-food giants.Welcome to the age of fee stacking. Yes. Just like Ticketmaster.Let’s start with the latest and most egregious offender the "small order fee." Sounds harmless, right? Almost reasonabl...

A decade of work, and wages barely doubled

A decade of work and wages barely doubled

خلف وعده دولت و فشار مضاعف بر شهروندان؛ بانک‌ها جریمه دیرکرد اقساط می‌گیرند

با وجود وعده دولت و بانک مرکزی جمهوری اسلامی مبنی بر تعویق اقساط بانکی و حذف جریمه دیرکرد در شرایط جنگی، گزارش‌ها حاکی از آن است که بانک‌ها همچنان جریمه‌ها را از شهروندان مطالبه می‌کنند.

First time in 7 yrs! India gets 4m barrels of crude from Iran just ahead of Trump waiver expiry

The very large crude carrier Jaya, fully loaded with Iranian oil, is currently unloading its cargo at Paradip on India’s eastern coast. India is looking to quickly secure supplies ahead of a deadline set by the Donald Trump administration that expires over the weekend.

Hedge Fund Leverage Powered by a Few Key Banks Sparks Concerns

The growing dominance of a handful of banks supplying billions of dollars to help juice bets at hedge funds and proprietary trading firms is sparking new financial stability risks, ratings agency S&P Global Inc. warned.

Russian navy ship spotted near British coast 'is trying to prevent UK special forces seizing Moscow-linked oil tankers'

Russian navy ship spotted near British coast 'is trying to prevent UK special forces seizing Moscow-linked oil tankers'Get your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE By ELIZABETH HAIGH, SENIOR NEWS REPORTER Published: 11:46, 15 April 2026 | Updated: 11:48, 15 April 2026 e-mail View comments

UK’s largest housebuilder to buy less land, in blow to Labour’s homes target

Barratt Redrow blames effects of Iran war, and likely impact on mortgage rates and costs, for further reductionBritain’s largest housebuilder is planning to dramatically cut back on buying new land, blaming the impact of the conflict in the Middle East and putting Labour’s ambitious housebuilding target under more pressure.Barratt Redrow said that it intends to approve between 7,000 and 9,000 plots of land for purchase in its current financial year, far lower than previous guidance of between 10...

New UAE tax law changes come into effect, fines slashed

New provisions on administrative penalties imposed for violations of tax laws in the UAE have come into effect.The Federal Tax Authority (FTA) announced that Cabinet Decision No. 129 of 2025 amending certain provisions of Cabinet Decision No. 40 of 2017 had entered into force on April 14. The decision aims to support taxable persons, ease the burden on them, and assist them in meeting their obligations and regularising their positions where any tax errors or violations exist.UAE tightens tax pro...

Will monsoon worries and inflation pressure derail market momentum?

Will monsoon worries and inflation pressure derail market momentum

ये 4 कारण... शेयर बाजार में मचा धमाल, निवेशकों ने छापे ₹9 लाख करोड़

Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen

Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of controlBusiness live – latest updatesThe former US Federal Reserve chair Janet Yellen has attacked Donald Trump’s push for lower interest rates, comparing it to the actions of a “banana republic”.The US president has repeatedly urged the central bank to slash interest rates, in the hope of cutting the government’s borrowing costs on its $39tn (£29tn) debt. Continue reading...

Died in 1994 or 2013? Bihar insurance mystery reaches apex consumer body, ends in Rs 50 lakh payout

The insurer claimed Sushil Kumar Singh had actually died years ago, and the entire policy was built on forged documents, essentially accusing the family of insuring a “dead man”, the consumer commission noted.

Chinese steelmakers coordinate response to EU’s carbon-linked import imposts

China’s leading steelmakers are stepping up coordinated efforts to adjust export strategies, compliance systems and pricing models in response to this year’s full implementation of the EU’s tariff-like Carbon Border Adjustment Mechanism (CBAM), which imposes direct carbon-linked costs on imports. “China’s indirect steel exports to the EU are substantial, and a significant portion consists of high value-added products,” said Jiang Wei, vice-chairman and secretary general of the China Iron and...

12 घंटे की शिफ्ट थी, इसलिए छोड़ दी 8 लाख की नौकरी, अब वीडियो बनकर कमा रहे 15 लाख

Mercor’s 23-Year-Old Billionaire Founders Grapple With Employee Fraud And North Korean Infiltration

Founded in 2023 by 20-somethings, data labeling startup Mercor exploded to $1 billion in annualized revenue run rate in September. Now it's confronting a wave of challenges, including an employee stealing money, security blunders and cultural growing pains.

Filipino remittances rise year-on-year to $2.79b in February 2026, slow after January spike

Dubai: Cash remittances from overseas Filipinos rose to $2.79 billion in February 2026, reflecting continued resilience in inflows that support millions of households back home.The latest figure is higher than the amount recorded in the same month last year, although it marks a slowdown from January’s $3.02 billion, suggesting a moderation in month-on-month growth.Get updated faster and for FREE: Download the Gulf News app now - simply click here.Growth holds steadyDespite the softer February re...

Brits face shortages 'within weeks' despite Donald Trump's renewed claim Iran war is 'over' - as Keir Starmer is urged to look at energy rationing and cargo flights are cut back

Brits face shortages 'within weeks' despite Donald Trump's renewed claim Iran war is 'over' - as Keir Starmer is urged to look at energy rationing and cargo flights are cut backBy GREG HEFFER, POLITICAL CORRESPONDENT and JAMES TAPSFIELD, UK POLITICAL EDITOR Published: 11:17, 15 April 2026 | Updated: 11:21, 15 April 2026 e-mail View comments