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Pakistan to further ‘slash’ development budget to fund petrol subsidy
BusinessMust ReadPakistan to further 'slash' development budget to fund petrol subsidyBy Shoaib Nizami-Apr 15, 2026The Pakistan government has decided to create additional fiscal space for a petrol subsidy by further reducing the federal development budget, ARY News reported on Wednesday, citing sources. As per details shared with ARY News by sources familiar with the development an additional Rs63 billion cut has been approved, bringing the total reduction in the federal development b...
What happens next for your deliveries? Carriers reassess routes and insurance
Dubai: Cargo continues to move into the UAE, but the way it is moving has shifted since the conflict began, with shipping lines slowing or pausing bookings into the Arabian Gulf while they reassess risk, insurance costs and access conditions.Sign up for our daily business newsletter, Cheques & Balances.At Jebel Ali, operations have remained fully functional throughout, even as vessel calls and new bookings have thinned.Get updated faster and for FREE: Download the Gulf News app now - simply clic...
How Britain became a paradise for freeloaders: Cut-price treats for benefits claimants. Big discounts at gyms and swimming pools. And even holidays and travel are covered. MICHAEL SIMMONS' rage-inducing investigation
How Britain became a paradise for freeloaders: Cut-price treats for benefits claimants. Big discounts at gyms and swimming pools. And even holidays and travel are covered. MICHAEL SIMMONS’ rage-inducing investigationBy MICHAEL SIMMONS Published: 01:00, 15 April 2026 | Updated: 01:01, 15 April 2026 e-mail View comments
Oil prices drop: Brent at $95, WTI at $91 on hopes for Mideast peace deal — stocks rise
Oil prices tumbled early on Wednesday on rekindled hopes for a deal to end the Middle East war and reopen the Strait of Hormuz.Overnight on Tuesday, Wall Street's main indices climbed, with both the S&P 500 and the Nasdaq now back at levels from before the US and Israel began bombing Iran on February 28.European equity markets also rose, although London advanced only 0.3 percent as the retreat in Brent Crude to below $95 a barrel weighed on the shares of energy majors BP and S...
Chevron executive suggests Americans should drive less amid high gas prices
"People should try to drive less. They should try to conserve energies," Andy Walz told CBS News. "We should be doing that all the time. Energy's essential for people's lives, but we should conserve it."
Saudi Arabia pledges $3b additional support, extends $5b deposit: Finance Minister
The Kingdom of Saudi Arabia on Wednesday pledged $3 billion in deposits, with disbursement expected in the coming week, and the existing $5 billion Saudi deposit will no longer be subject to the previous annual rollover arrangement but will instead be extended for a longer period, the Ministry of Finance said. According to a press release, Finance Minister Aurangzeb made the announcement while speaking to the media in Washington, DC, on the sidelines of the World Bank–IMF Spring Meet...
Balochistan provides thresher fuel subsidy to farmers
PakistanBalochistan provides thresher fuel subsidy to farmersBy Web Desk-Apr 15, 2026QUETTA: Balochistan government has introduced agriculture relief package for farmers amid hike in fuel prices under the impact of regional tensions. Chief Minister Sarfaraz Bugti has said that initially subsidy has been transferred to the accounts of 3,102 farmers as the Thresher Fuel Subsidy Scheme has been formally launched. “In the next two to three days payments will be made to further 13,128 farmers”. Chief...
Chevron executive says consumers "should try to drive less" to save money on gas
Lilia Luciano traveled to Chevron's largest oil refinery on the Mississippi coast and spoke to Andy Walz, a president of the company, about what people at home can do to avoid high gas prices.
Spanberger signs bill ending tax breaks for Confederate groups
Virginia Gov. Abigail Spanberger (D) on Monday signed into law a bill eliminating tax exemptions for multiple organizations connected to the Confederacy.  Democrats in the Virginia House and Senate passed HB167 with vote totals of 62-35 and 21-17, respectively, earlier this year. The bill specifically removes the Virginia Division of the United Daughters of the…
D-day for Gina Rinehart after mining magnate was forced to defend claim to her multi-billion dollar iron ore empire
D-day for Gina Rinehart after mining magnate was forced to defend claim to her multi-billion dollar iron ore empireREAD MORE: Gina Rinehart erupts over Ben Roberts-Smith arrest By AARON BUNCH FOR AAP Published: 00:16, 15 April 2026 | Updated: 00:16, 15 April 2026 e-mail View comments
Help to Buy mostly helped high earners, IFS says
Help to Buy mostly helped high earners, IFS saysJust nowShareSaveAdd as preferred on GoogleFaarea MasudBusiness reporterGetty ImagesA government loan scheme for first-time home buyers in England mostly helped higher earners in areas where homes are cheaper, a major think tank has said.The Help to Buy scheme which was introduced in England in 2013 by the Conservative government also had "limited impact" on social mobility, according to the report from the Institute for Fiscal Studies (I...
The Papers: 'UK economy takes triple hit' and 'Cheers, Timmy!'
'UK economy takes triple hit' and 'Cheers, Timmy!'7 minutes agoShareSaveAdd as preferred on Google"UK economy takes triple hit from Iran war," says the i paper in its top story, rattling off International Monetary Fund (IMF) forecasts of "lower growth, fewer jobs and higher cost of living". It suggests Britain faces a "bigger blow than any other major economy" under the impact of "Trumpflation", as the paper describes it, in areas such...
Higher-income households benefited most from Help to Buy, thinktank finds
Analysis by IFS shows George Osborne’s mortgage schemes launched in 2013 had little effect on social mobilityHigher-income households were the biggest beneficiaries of George Osborne’s Help to Buy mortgage schemes, introduced in the 2010s, according to an analysis by the Institute for Fiscal Studies (IFS) thinktank.Launched by the Conservative-Lib Dem coalition government in 2013, Help to Buy involved two separate schemes aimed at making home ownership more achievable in a period of rapid house...
31% of people ‘cutting back on essentials to ease financial pressures’
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SNP manifesto will be ‘bursting with ambition’, pledges John Swinney
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Hotspots where home buyers will get more – or less – floor space for their money
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Oil prices fall for a second day on expectations US-Iran talks may resume
Oil prices fell for a second day on Wednesday on expectations peace talks between the U.S. and Iran may resume and eventually release supply from the key Middle East producing region trapped by the closure of the Strait of Hormuz. Brent crude futures fell 52 cents, or 0.55%, to $94.27 a barrel at 0054 GMT after falling 4.6% in the previous session. U.S. West Texas Intermediate crude was down $1.04, or 1.1%, to $90.24 after dropping 7.9% the session before. Talks to end the war between the U....
Pakistan operationalises ‘Gabd Border Terminal’ transit corridor with Iran, reducing reliance on Afghanistan
BusinessMust ReadPakistan operationalises ‘Gabd Border Terminal’ transit corridor with Iran, reducing reliance on AfghanistanBy Web Desk-Apr 15, 2026KARACHI: Pakistan has operationalised a new transit trade corridor through Iran by activating the Gabd-Rimdan border terminal, marking a major step toward strengthening regional connectivity and reducing reliance on the traditional Afghanistan route. The development comes amid growing calls within the country to expand trade with Iran, particularly...
New Swalwell accuser speaks out after he resigns from Congress
Lonna Drewes says former Congressman Eric Swalwell drugged, raped and choked her at a California hotel in 2018. After multiple women accused Swalwell of sexual misconduct or assault, he suspended his campaign for governor of California and resigned from Congress. He has denied the allegations. NBC News’ Ryan Nobles reports.
Trump fear mongers Republicans into backing controversial spy bill with stunning Iran claim
Trump fear mongers Republicans into backing controversial spy bill with stunning Iran claimBy JON MICHAEL RAASCH, US POLITICAL REPORTER Published: 23:31, 14 April 2026 | Updated: 23:32, 14 April 2026 e-mail 2 View comments