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Minister warns Malaysia will enter ‘critical period’ for fuel supply by June
Malaysia is expected to experience a critical moment with regards to fuel supply by June, according to Economy Minister Akmal Nasrullah Mohd Nasir. He said the government is implementing measures to address the global fuel shortage amid the Middle East conflict, including exploring alternative raw materials. “June and July will be a very critical period in ensuring fuel supplies are available,” Akmal Nasrullah said after attending an event in Johor Bahru. “It will be equally important to ensure....
British Steel 'needs nationalising by the summer'
British Steel 'needs nationalising by the summer'50 minutes agoShareSaveAdd as preferred on GooglePritti Mistry,East Yorkshire and LincolnshireandGrace McGrory,in ScunthorpeReutersEmergency legislation was passed in April 2025 to allow the government to save British SteelBritish Steel needs to be brought into public ownership by the summer if a deal between its Chinese owner and the government fails, an MP has said.Labour MP Nic Dakin told the BBC that was "the best outcome"...
Aussie company is accused of illegal cashback scheme after allegedly making a migrant worker repay $23,000 of her wages
Aussie company is accused of illegal cashback scheme after allegedly making a migrant worker repay $23,000 of her wagesBrisbane training college facing court actionMigrant worker allegedly made to pay $23,000 By SARAH BROOKES - SENIOR REPORTER, AUSTRALIA Published: 06:48, 12 April 2026 | Updated: 06:48, 12 April 2026 e-mail
Debt pressures prompt global initiative
ISLAMABAD: Ministers of finance and central bank governors of developing countries will launch the ‘Borrowers’ Platform’ to improve their debt management capacity in Washington on April 15, during the IMF-World Bank Spring meetings. Finance Minister Muhammad Aurangzeb and Egyptian Finance Minister Ahmed Kouchouck will jointly preside over the launching of the platform, to be held at the United Nations Foundation. The launch comes amid rising debt pressures across developing countries. To mark t...
Lost your job in Dubai? How to exit rental contract without penalty
Question: I signed my rent contract in January this year in Dubai but lost my job this month. I cannot afford the rent anymore. Is there any way that I can end my contract without paying the two-month penalty on humanitarian considerations?Answer: Pursuant to your query, the provisions of the Dubai land laws and the UAE civil transaction law are applicable.In the emirate of Dubai, the landlord–tenant relationship is governed by a written lease contract which includes details such as property det...
UAE banks’ relief packages prove effective, boost SMEs and economy
[Editor's Note: Follow Khaleej Times live blog for the latest regional developments with the US-Israel-Iran ceasefire now in effect.]Relief packages offered by local banks have been effective in achieving their objectives of supporting customers and small businesses, according to a statement issued by the Central Bank of the UAE.The announcement followed a meeting between Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), and chief executive officers of banks opera...
Why Water Bonds Could Help More Funding Flow Into Africa
Blue and green bonds have emerged as a potential way for African nations to close a massive financing gap. Bloomberg's Yinka Ibukun explains how water bonds could help play a role. (Source: Bloomberg)
Low-tax Texas opens London office to lure jobs and investment
Exclusive: US state is targeting corporate heavyweights in the UK with subsidies and incentives Y’all Street: Bullish Dallas aims to steal New York’s crownThe US state of Texas is putting UK businesses in its crosshairs with the launch this month of a dedicated London office to lure jobs and investment to the low-tax Lone Star State.Texas recently secured approval for the new site, adding to a growing list of international offices from which it can try to draw corporate heavyweights across its b...
Malaysia Faces ‘Critical Period’ For Fuel by June, Minister Says
MarketsMalaysia Faces ‘Critical Period’ For Fuel by June, Minister SaysFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Anuradha RaghuApril 12, 2026 at 4:18 AM UTCBookmarkSaveMalaysia is implementing measures to address fuel shortages triggered by the conflict in the Middle East, The Star reported, citin...
Ryanair and easyJet flight warning as exact date airports face fuel shortages revealed
Ryanair and easyJet flight warning as exact date airports face fuel shortages revealedMajor UK airlines have warned that should the Strait of Hormuz not be fully reopened in the coming weeks then fuel shortages will have an impact of travel ahead of the summer holidaysTravelOlivia Beeson05:17, 12 Apr 2026View 2 ImagesAirlines give warnings as fuel shortages faced by EU airportsEuropean airports will face "systemic” shortages of fuel if the Strait of Hormuz is not fully reopened within three...
Arsenal have blinked in the Premier League title race — can Manchester City take advantage?
Every season, there is one moment, one game, one result, when the team that eventually finishes as Premier League champions knows it is going to be their year.Sometimes it is a last-minute victory, an unexpected falter from an opponent, or a goal for the ages. Sergio Aguero’s winner for Manchester City in 2012, for example, or, “Where do you want your statue, Vincent Kompany?” — a wonder goal from the club captain, and a wonder line from Sky Sports’ Gary Neville, during another of City’s modern-...
Big tax question every Aussie wants answered as Albanese government mulls new fee that will target one group
A senior Albanese government minister has confirmed the government is weighing up a new tax that could affect one group of Australians.
Japan to Work With Asian Nations to Ease Oil Bottleneck: Akazawa
Japan will work closely with Asian countries where essential petroleum-based products including medical equipment are produced, economy minister Ryosei Akazawa said in a Sunday debate program on broadcaster NHK.
Saudi Arabia says east-west pipeline, energy facilities restored
RIYADH: Saudi Arabia’s energy ministry said on Sunday that its key east-west oil pipeline and other facilities had been restored following attacks by Iran on targets across the Gulf. “Energy facilities and the east-west pipeline damaged by attacks have recovered and regained their operational capacity, enhancing the reliability of supplies,” the official Saudi Press Agency reported, citing an energy ministry statement. Before Tuesday’s start of a fragile, two-week truce b...
Fuel subsidy scheme for commercial vehicles
The government of Khyber Pakhtunkhwa has decided to launch the Ehsaas Fuel Support Scheme for commercial vehicles. Following a sharp rise in petroleum prices in the wake of tensions involving Iran, both federal and provincial governments have been introducing fuel relief packages ranging from motorcyclists to public transport operators. Under the new initiative, the Khyber Pakhtunkhwa government will provide monthly subsidies on petrol and diesel to owners of commercial vehicles, according to th...
Vance says no headway in ceasefire talks: ‘I think that’s bad news for Iran’
Vice President Vance, speaking to reporters after a marathon day of negotiations with Iran, said no progress was made toward a peace agreement, which he added was “bad news for Iran.” Coming amid a 14-day ceasefire in the war, Vance called the 21 hours of negotiations with the Iranian delegation, mediated by Pakistan and held…
Riyadh, Doha to provide $5bn lifeline to Islamabad
• Support aimed at easing pressure on foreign exchange reserves• Islamabad preparing to repay $3.5bn UAE debt this month• Finance Minister Aurangzeb departs for IMF-World Bank Spring Meetings• Visit seen as critical amid regional tensions, economic pressures• Officials hope for ‘peace dividends’ in engagements with global lenders ISLAMABAD: Pakistan is set to receive $5 billion in financial support from Saudi Arabia and Qatar, offering a critical buffer for its fragile external position, as Fina...
UK leisure giant, charity and two more plunge into administration - full list
UK leisure giant, charity and two more plunge into administration - full listA UK-based charity, a leisure centre and a private school are among the businesses which have entered administration recently - here's the full listCommentsNewsNicola Roy Multimedia content creator03:01, 12 Apr 2026View 3 ImagesSeveral businesses, including a leisure centre, have plunged into administration recently(Image: Halfpoint Images via Getty Images)A UK-based charity, a leisure centre and a transport compan...
Aussie slams despicable act at petrol station as drivers reach a new low amid fuel crisis
Aussie slams despicable act at petrol station as drivers reach a new low amid fuel crisisWoman slammed driver for stealing petrolDriver left more expensive bill for elderly manREAD MORE: Major Aussie WFH loophole is shut down By NICHOLAS COMINO, POLITICAL REPORTER, AUSTRALIA Published: 02:40, 12 April 2026 | Updated: 02:40, 12 April 2026 e-mail View comments
It's early, but the Cubs haven't looked like the team they were supposed to be
CHICAGO — With so much experience, depth and continuity, the Chicago Cubs were supposed to hit the ground running. The nucleus of a 92-win team stuck together throughout the winter, and the front office received an “A” for its offseason grade.With a $223 million Opening Day payroll, the Cubs invested roughly $100 million more in their roster than their next-closest competitor in the National League Central, according to an Associated Press study, while still planning to add at the trade deadline...