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Disney hit with layoffs as new CEO steps into role – ‘I know this is hard’
Walt Disney is set to eliminate approximately 1,000 positions across various departments as part of an ongoing effort to streamline operations, chief executive Josh D'Amaro announced in an email to employees on Tuesday.
Adani Power: बाजार गिरे या चढ़े? अडानी ग्रुप के इस शेयर ने किया कमाल, पहुंचा All Time High पर
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What are today's home equity loan and HELOC interest rates: April 14, 2026?
MoneyWatch: Managing Your Money What are today's home equity loan and HELOC interest rates: April 14, 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 C...
Exclusive discounts from CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
United CEO Proposes American Airlines Merger
A shocking airline mega-merger proposal could reshape global aviation. Bloomberg's Benedikt Kammel joined Bloomberg Open Interest to break down United’s bold pitch to merge with American Airlines, why crisis conditions are driving consolidation, and why US travelers pay far more than Europeans for flights. (Source: Bloomberg)
Hegseth-linked pastor knocks Trump over AI Jesus image: ‘He has to do better’
A pastor linked to Defense Secretary Pete Hegseth criticized President Trump over an artificial intelligence (AI) image appearing to depict him as Jesus Christ, which the president said was an image of himself as a doctor healing people. “I am glad he deleted it, and glad that he rejected the idea of portraying himself as…
Disney Layoffs of 1,000 Employees Are Underway; CEO Josh D’Amaro Says Cuts Will ‘Streamline’ Operations: ‘I Know This Is Hard’
Disney is making layoffs this week to “streamline our operations” in various parts of the company, CEO Josh D’Amaro said in a memo to employees Tuesday. The media company is eliminating about 1,000 roles, primarily as a result of Disney’s formation of a consolidated enterprise marketing division under the leadership of Asad Ayaz, chief marketing […]
Development budget cut by Rs173b
The government has further deepened the cut on the development budget to Rs173 billion, or 17% of annual allocations. The move aims to offset the impact of the Middle East conflict on the primary budget surplus condition agreed with the International Monetary Fund (IMF) before the war. The Ministry of Finance has now reduced the Public Sector Development Programme (PSDP) to Rs837 billion. This is a reduction of Rs173 billion against the original budget approved by the National Assembly in June...
EDB tightens used vehicle import rules
Engineering Development Board (EDB) CEO Hamad Ali Mansoor has issued a comprehensive code of conduct for the import of used vehicles, stating that ensuring transparency, quality standards and consumer protection remains his top priority, according to an official statement on Tuesday. Mansoor said only companies registered under the Companies Act, 2017 will be eligible for commercial import of used vehicles. Companies must define vehicle import as their principal business activity in their Memor...
Cotton harvest target set at 9.6m bales
The government has set cotton production target at 9.64 million bales from plantations over an area of 2.16 million hectares during the upcoming Kharif sowing season 2026-27. Pakistan is currently facing a cotton crisis as the government is largely focusing on industries and has ignored farmers. The country produced only 5.607 million bales in 2025-26, which was significantly lower than 2014-15, when cotton output hit the highest at 15 million bales. A meeting of the Federal Committee on Agric...
IMF cuts growth forecast to 3.5%
The International Monetary Fund (IMF) on Tuesday lowered Pakistan's economic growth forecast to 3.5% and raised its inflation projection to 8.4% for the next fiscal year due to the Middle East conflict, as it does not see any major adverse impact of the war this year. In its flagship World Economic Outlook report, the IMF has also cut the global growth forecast for two years, basing its projections on $100 per barrel to $120 per barrel oil prices in adverse and severe war case scenarios. T...
Crackdown to begin against illicit cigarette market
In a decisive move to curb the booming illicit tobacco market, the federal government, in coordination with provincial authorities, has announced a nationwide crackdown on the sale of illegal cigarettes. Speaking at the launching ceremony of a research report prepared by Oxford Economics on illicit cigarette trade in Pakistan, Minister of State for Finance Bilal Azhar Kayani said that provincial governments would intensify enforcement operations to eliminate the widespread availability of untax...
PSX recovers on US-Iran diplomatic signals
Pakistan's stock market on Tuesday surged over 5,000 points as investors drew strength from the talk of global calm despite failure of US-Iran talks on ending the Middle East war. The rally reflected expectations of potential resumption of diplomatic engagements between the US and Iran, which revived hopes of a de-escalation in the conflict that had shaken global financial markets. At 9:39 am, the benchmark KSE-100 index was hovering around 164,322, with handsome gains of 3,731 points, or 2...
IMF cuts 2026 global growth forecast on Mideast war
The International Monetary Fund (IMF) cut its 2026 global growth projection on Tuesday, warning that the world economy could be “thrown off course” by war in the Middle East — as the conflict roils commodity markets and sparks higher prices. The global economy is set to grow by 3.1 per cent this year, said the IMF in its World Economic Outlook report, released during its spring meetings in Washington. This is down from 3.3pc forecast in January bef...
SECP grants Buy Now Pay Later licence to Alibaba-owned Koko Tech Pakistan
The Securities and Exchange Commission of Pakistan (SECP) on Tuesday said it had granted a Buy Now Pay Later (BNPL) licence to Alibaba-owned Koko Tech Pakistan Pvt. Ltd (KTPL). “The entry of Alibaba-backed KTPL marks a significant milestone for Pakistan’s digital financial ecosystem,” it said in a press release. The press release further stated: “One of the world’s leading e-commerce and technology companies, Alibaba’s move into Pakistan reflects g...
Dinner for few: Australians eating out less as fuel crisis deals biggest blow to consumer confidence since Covid
Experts say ‘cautious consumption’ shows households bracing for return to extended period of financial pressure experienced during pandemic yearsGet our breaking news email, free app or daily news podcastAustralians are choosing chicken schnitzel over more expensive rib-eye steak, avoiding entrees and sticking with tap water rather than a glass of wine amid ongoing uncertainty surrounding the fuel crisis and war in Iran.As soon as the numbers on the petrol bowser started climbing last month as t...
Energy secretary predicts energy prices may rise, hit peak in ‘next few weeks’
Energy Secretary Chris Wright said Monday that he expects gasoline prices to peak in the next few weeks. “We’re going to see energy prices high and maybe even rising until we get… meaningful ship traffic through the Straits of Hormuz,” Wright said during Semafor’s World Economy event in Washington, D.C. “That’ll probably hit the peak oil price…
Analyst Warns That Oil Prices Threaten Banks
JP Morgan’s earnings look strong, but the real story is beneath the surface says Baird Senior Research Analyst David George. He joined Bloomberg Open Interest to break down why net interest income fears are overblown, why trading gains won’t last, and the one macro risk investors should actually watch: rising oil prices and the ripple effect on consumers and corporate margins. (Source: Bloomberg)
Vinted sales surge to near £1bn as second-hand shopping stays on trend
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North Sea oil price rises to record high amid tension over ceasefire
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