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UK hit with big IMF growth downgrade as Iran war fuels inflation
UK suffered the sharpest cut to economic growth forecasts for large rich economies by the International Monetary Fund on Tuesday, reflecting the country’s costly exposure to the inflationary impact of the Iran war. As finance minister Rachel Reeves, who was due to arrive in Washington for the Fund’s Spring Meetings, said on Tuesday it was a “folly” for the US to have no clear exit plan for the conflict, the IMF said Britain’s economy was now on course to grow by 0...
Lucid Names CEO as Saudi PIF, Uber Commit Another $750 Million
Lucid Group Inc. named a new chief executive officer and announced $750 million of fresh investment from its two biggest backers, moves to shore up its operations as the electric-vehicle maker approaches a crucial production stretch.
Pensioners warned to watch out for scams as winter fuel payment recovery starts
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JPMorgan Traders Post Highest-Ever Quarterly Revenue
JPMorgan Chase pulled in $11.6 billion in trading revenue in the first quarter, up 20% from a year earlier. Record stock-trading results boosted the total past the firm’s previous record by almost $2 billion. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
Investors Slash Growth Views by Most in Four Years, BofA Says
Global investors grappling with the fallout from the Iran war have slashed their expectations for economic growth by the most in four years, according to the latest Bank of America Corp. survey of fund managers.
Saudi Arabia enforces new financial control law across public sector
Dubai: Saudi Arabia has brought its Financial Control Law into force, marking a step toward strengthening oversight across government entities and aligning public finance management with Vision 2030 objectives.Sign up for our daily business newsletter, Cheques & Balances.The law, issued under a Council of Ministers resolution, replaces the previous Financial Representatives Law and introduces a broader framework designed to improve efficiency and accountability in how public funds are monitored....
Global oil prices post largest monthly increase on record in March — IEA
North Sea Dated oil prices rose by $55 per barrel from the start of the conflict through the end of March, posting an average monthly increase of $33 per barrel compared to the previous month, to reach $103.84 per barrel
Noida wage protest explained: Why workers say hike isn't enough and want Rs 20,000
Noida wage protest explained Why workers say hike isnt enough and want Rs
Europe could see jet fuel shortage by June, IEA says
Europe could start seeing physical shortages of jet fuel by June due to the Iran war if the region is only able to replace half of the fuel supplies it normally gets from the Middle East, the International Energy Agency said in its monthly report. Global jet fuel and kerosene demand averaged 7.8 million barrels per day in 2025, with Gulf exports the largest source to the global market, averaging nearly 400,000 bpd, the report added. Here are some key details: Europe has the highest depend...
Households could get free electricity for doing washing on sunny weekends
Households could get free electricity for doing washing on sunny weekends9 minutes agoShareSaveAdd as preferred on GoogleJemma CrewBusiness reporterGetty ImagesHouseholds and businesses could get free or cheaper electricity from their energy company for running appliances during periods of excess supply, such as sunny weekends.Until now, providers have offered incentives, such as cheaper rates, for customers in Britain to shift their electricity use outside of peak times.But now they can also en...
Sharjah real estate hits Dh18.5 billion in Q1 with 113 nationalities investing
Dubai: Sharjah’s real estate market recorded transactions worth Dh18.5 billion in the first quarter of 2026, up 40.7% from a year earlier, with investors from 113 nationalities active across the emirate.Sign up for our daily business newsletter, Cheques & Balances.The data, released by the Sharjah Real Estate Registration Department, points to sustained demand across residential and investment segments, supported by stable pricing, higher rental yields and broader access to financing.Total trans...
The labor economics of Alien — and its lessons for inequality on Earth
Behind the acid blood and jump scares of the Alien franchise is an even more insidious horror: a single employer with unchecked power. How Weyland-Yutani helps explain monopsony — and the rise of inequality on Earth.
Morrisons to cut around 200 jobs in head office restructuring
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BP hails 'exceptional' boost from Iran war - as household set for soaring bills
BP hails 'exceptional' boost from Iran war - as household set for soaring billsAnalysts expect BP to post a jump in profits at the end of April after boost from soaring oil prices which have seen bills surge for ordinary households and firmsCommentsMoneyGraham Hiscott Business and Consumer Editor11:29, 14 Apr 2026Updated 11:29, 14 Apr 2026View 3 ImagesBP - whose operations include forecourts - is expected to post strong profits (Image: Maureen McLean/Shutterstock)Oil giant BP says its...
Qantas and Jetstar scrap five routes and blame soaring jet fuel prices amid ongoing conflict in the Middle East
Qantas and Jetstar scrap five routes and blame soaring jet fuel prices amid ongoing conflict in the Middle EastJetstar and Qantas suspended four routesThe company cited ongoing fuel hikesREAD MORE: Woman dies on Qantas flight from America to New ZealandBy ASHLEY NICKEL, NEWS REPORTER, AUSTRALIA Published: 11:24, 14 April 2026 | Updated: 11:24, 14 April 2026 e-mail View comments
Morocco’s Direct Housing Aid Reaches Nearly 97,000 Beneficiaries
Agadir – Morocco’s Secretary of State for Housing, Adib Benbrahim, announced on Monday that 96,948 people have benefited from the country’s direct housing support program since its launch. “The housing program which was launched covering the period between 2022 and 2028, has received around 220,000 applications from citizens, of which 96,948 beneficiaries have successfully received support,” Benbrahim said during the session of the House of Representatives. He also explained that Morocco...
Primrose Hill stabbing update as second man charged over death of Finbar Sullivan, 21
Primrose Hill stabbing update as second man charged over death of Finbar Sullivan, 21Khalid Abdulqadir, 18, of Camden, was charged with grievous bodily harm with intent, violent disorder and possession of a knife todayNewsGeorgia Diebelius Content Editor11:18, 14 Apr 2026View 2 ImagesFinbar Sullivan died during the incident(Image: PA)Met detectives have charged a second man following a fatal stabbing in Primrose Hill.Khalid Abdulqadir, 18, of Camden, was charged with grievous bodily harm with in...
Azzi Fudd goes No 1 in WNBA Draft to Wings, reunites with Paige Bueckers with historic $500K salary
Azzi Fudd is reuniting with her old UConn Huskies teammate, Paige Bueckers, as the Dallas Wings took her first overall in the 2026 WNBA Draft on Monday night.And Fudd comes in with a historic payday in the league.After a new collective bargaining agreement was inked between the league and the players’ association last month, Fudd is set to make $500,000 in her rookie year – a massive pay bump compared to the $78,831 Bueckers earned last season as the WNBA Draft’s first overall selection.CLICK HE...
UK urged to use more power this summer as renewables soar to record highs
UK urged to use more power this summer as renewables soar to record highsThe UK has reached record highs in renewable energy levels - and now people are given incentives to use electricity through the night instead in reward for lower billsCommentsMoneyNiamh Kirk Features Writer11:14, 14 Apr 2026Updated 11:16, 14 Apr 2026View 2 ImagesPeople are being urged to charge their cars to use up electricity(Image: Getty)Thanks to the sunny spring days recently, the UK hit a solar power record earlier thi...
BP hails ‘exceptional’ trading as oil prices soar in Iran war
Citi analysts upgrade profit forecast by 20% to $2.6bn for January to March despite flat oil and gas productionBusiness live – latest updatesBP expects to post “exceptional” earnings from its oil trading desk, reaping a windfall from choppy energy markets triggered by the US-Israeli war on Iran.Energy traders are navigating significant market volatility after Tehran’s effective closure of the key strait of Hormuz shipping route. Continue reading...