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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...
India seeking tanker to load Russian LPG – Reuters
New Delhi has reportedly turned to Moscow to secure cooking gas supplies amid a severe shortage India is looking for a tanker to load a cooking gas consignment from Russia amid the supply disruptions caused by the Middle East crisis, Reuters has reported. State-backed Hindustan Petroleum Corp (HPCL) has issued a rare tender seeking a liquefied petroleum gas (LPG) tanker, the news agency reported on Monday. The vessel is needed to immediately load propane and butane from Ust-Luga p...
UK Sovereign Sets Bond Demand Record as Yield Hunters Pile In
Bond investors are piling into debt sales from the UK sovereign to lender Mitsubishi UFJ Financial Group Inc, lured by attractive yields that could soon fall back if the Middle East war comes to an end.
Jet fuel shock from Iran war worsens crisis for global airlines
Air travel’s worst crisis in years lurched deeper on Tuesday as Qantas Airways warned of spiralling costs, Lufthansa said it may have to ground planes and Virgin Atlantic flagged a looming supply crunch, with the Iran conflict squeezing fuel supplies. The war has upended routes between Asia and Europe that relied on Gulf hubs, while a doubling of jet fuel prices and tightening of supplies are hitting airlines hard. Since the U.S.-Israeli strikes on Iran began on February 28, carriers have...
Asia’s energy supply at breaking point as US blockades Hormuz
Washington’s naval blockade of the Strait of Hormuz is threatening to tip Asia into its worst energy crisis in living memory, with peace talks on the Iran war stalled and no clear timeline for when oil flows might resume. The United States moved to seize control of the flashpoint waterway on Monday night, with US President Donald Trump framing the move as a way to force Iran to open the strait and accept a deal to end the war. Iran responded by threatening all ports in the Persian Gulf and the.....
UAE customers lose 83 million hours yearly as service delays persist
Dubai: Customers across the UAE are losing more than 83 million hours each year dealing with slow and inefficient service, highlighting the gap between rising expectations and how support is delivered on the ground.Sign up for our daily business newsletter, Cheques & Balances.New research from ServiceNow shows that the average consumer in the UAE spends 10.8 hours a year resolving issues, whether through long wait times, repeated interactions or navigating disconnected systems. At a national lev...
Interior Minister Mohsin Naqvi urges business community to bring back 20-30% of offshore funds
Interior Minister Mohsin Naqvi on Tuesday urged the business community to repatriate a portion of overseas-held wealth, estimating that nearly $100 billion has been moved out of the country over the past three to four years. Addressing business leaders in Karachi, the minister said that if traders act decisively, up to $10b could return to Pakistan before the upcoming budget. He encouraged investors to utilise existing financial channels, including Roshan Digital Accounts, to bring back b...
British heir to JCB threatens to relocate multibillion-pound firm to the US in protest over Rachel Reeves' inheritance tax raid
British heir to JCB threatens to relocate multibillion-pound firm to the US in protest over Rachel Reeves' inheritance tax raidDo you have a story? Email rory.tingle@dailymail.co.uk By RORY TINGLE, HOME AFFAIRS CORRESPONDENT Published: 11:00, 14 April 2026 | Updated: 11:07, 14 April 2026 e-mail View comments
HSBC 'doubles' free cash offer to £500 'from today' even if you've already applied
HSBC 'doubles' free cash offer to £500 'from today' even if you've already appliedAnyone who has already applied will also get the higher paymentCommentsMoneySteven Smith Content Editor11:02, 14 Apr 2026View 3 ImagesHSBC is doubling its bonus(Image: Mike Kemp, In Pictures via Getty Images)HSBC UK has announced today that it is increasing its Premier switching incentive to £500, doubling its previous offer. It said eligible customers can receive £500 cashback when they sw...
BlackRock Pulls in $130 Billion of Client Cash, Driven by ETFs
BlackRock Inc. took in a net $130 billion of client cash in the first quarter, with investor money continuing to pour in despite volatility in the public and private markets and protracted uncertainty over the war in Iran.
Cocoa Price Crash Spurs Hopes for Demand Recovery, Cheaper Candy
The collapse in cocoa futures is stoking optimism among some industry players that the pace of processing will improve as cheaper beans filter through the supply chain, easing the price of candy bars.
Kazakh sovereign fund issues Central Asia’s first panda bond in ‘milestone’ sale
A leading sovereign wealth fund from Central Asia has cast a vote of confidence in Chinese debt and the country’s currency by becoming the first institution from the region to sell yuan-denominated debt, known as panda bonds, in China’s onshore market. The decision by Kazakhstan’s sovereign wealth fund, Samruk-Kazyna, to sell 3 billion yuan (US$440 million) in China’s interbank market comes as global investors are looking for safe havens amid geopolitical uncertainties such as the Iran war. The....
Saudi Arabia opens bids for naming rights of five metro stations in push to boost private investment
Saudi Arabia has opened bidding for the naming rights of five metro stations, offering private investors long-term branding opportunities as part of efforts to boost revenue and partnerships.The Royal Commission for Riyadh City said bids will be accepted from April 8 to May 10 for the first phase, which includes Al Murooj, Al Nuzha, Al Rabee, Jarir District and King Fahd District 1 stations. The selected stations were chosen for their strategic locations, high population density and strong passe...
Iranian rial worth billions seized in major Karachi operation
KARACHI: Authorities have foiled a major attempt to smuggle billions of Iranian rials into Karachi and arrested nine members of an inter-provincial gang, including women. According to Senior Superintendent of Police (SSP) Keamari Malik Sanghar, the group was attempting to smuggle approximately 29.69 billion Iranian rials into the city. He said the suspects had concealed the currency inside the tyres of two vehicles in a sophisticated attempt to evade detection. The operation is being described a...
India energetic, growing rapidly: BBC presenter plans to move back from UK
India energetic growing rapidly BBC presenter plans to move back from UK
How OFWs can qualify for affordable homes in the Philippines
Dubai: Overseas Filipino workers (OFWs), including those based in the UAE, can now qualify for socialised housing units in the Philippines regardless of their monthly income, following an expansion of the government’s flagship housing programme.The move has come after Philippine president Ferdinand Marcos Jr. has directed authorities to make housing more accessible under the Expanded Pambansang Pabahay Para sa Pilipino (4PH) programme.According to Presidential Communications Office undersecretar...
So much for getting a grip on benefits! Number of people claiming Universal Credit rises 63,000 in a MONTH including 25,000 not required to seek work
So much for getting a grip on benefits! Number of people claiming Universal Credit rises 63,000 in a MONTH including 25,000 not required to seek workBy DAVID WILCOCK, DEPUTY POLITICAL EDITOR Published: 10:40, 14 April 2026 | Updated: 10:44, 14 April 2026 e-mail View comments
Revealed: The innocent-looking dog breeds that can turn DEADLY - after a teenager is killed by her 'soft' blue-merle lurcher
Revealed: The innocent–looking dog breeds that can turn DEADLY – after a teenager is killed by her 'soft' blue–merle lurcherREAD MORE: Woman, 19, killed in dog attack after being mauled by 'family pet'By SHIVALI BEST, SCIENCE & TECHNOLOGY EDITOR Published: 09:55, 14 April 2026 | Updated: 10:35, 14 April 2026 e-mail 40 shares
Defence Savings Certificate- New Profit Rates, April 2026
ISLAMABAD: The National Savings has issued new profit rates for Defense Saving Certificates of various denominations. The financial institution has fixed the profit rate at 11.44 percent. The following are the profits that a person can earn on investment of Rs 100,000 until 10 years maturity: First Year: Rs107,000 Second Year: Rs115,000 Third Year: Rs124,000 Fourth Year: Rs135,000 Fifth Year: Rs148,000 Sixth Year: Rs164,000 Seventh Year: Rs183,000 Eighth Year: Rs206,000 Ninth Year: Rs235,000 Ten...
Hong Kong’s basketball betting U-turn ‘aligns with Beijing gambling clampdown’
Hong Kong’s sole legal betting operator and lawmakers were caught off guard by the government’s abrupt decision to suspend the rollout of legal basketball betting, which some believe was intended to align with Beijing’s efforts to curb gambling amid a surge in prediction markets. The government confirmed on Monday that it would suspend its plan to launch basketball betting, which had been scheduled for September. Officials cited the rise of prediction markets – cryptocurrency-based platforms...