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Govt raises gas levy on captive power plants
ISLAMABAD: The government has increased the gas levy on captive power plants by 13 percent, further raising input costs for industries while planning relief for electricity consumers, ARY News reported. According to sources, the levy on gas for captive power plants has been increased by Rs163 per MMBTU, taking the total rate from Rs1,243 to Rs1,406 per MMBTU. The hike has been implemented under the Off-the-Grid Captive Power Plants Levy Act 2025. Officials said the revenue generated from this le...
Oil prices jump as Trump Iran deadline approaches, following Kharg Island attack
Oil prices rose Tuesday after the latest U.S. attacks on Iran and amid President Trump’s threats of escalation. Prices for U.S. benchmark WTI were up more than 3 percent at $116 per barrel as of Tuesday. The price of international benchmark Brent Crude was also up, though the increase was not as dramatic. The U.S. struck military…
How to Get Rs 2000 Fuel subsidy under Ehsaas fuel support scheme
PESHAWAR: Chief Minister Khyber Pakhtunkhwa, Sohail Afridi, has announced a monthly fuel subsidy of Rs 2,000 for all registered motorcycles and scooters across the province under the Ahsas Fuel Support Scheme, ARY News reported. In an effort to provide further relief to the public, the Chief Minister also announced that all motorcycle transfer fees have been abolished. Under the new scheme, the monthly subsidy will be granted to beneficiaries who have motorcycles or scooters registered in their...
Texas Board of Education to consider requiring Bible passage readings for public schools
Texas is considering changes to its required reading lists for public school classrooms that include the addition of passages and stories from the Bible.   In the proposed list for the upcoming Texas State Board of Education meeting, obtained by The New York Times, in grade 7 students would read Bible stories such as “Jonah and the Whale” and…
Pakistan has repaid $1.43 billion in debt, including Eurobond due April 8, adviser says
Pakistan repaid $1.43 billion in external debt, including a $1.3 billion Eurobond maturing on April 8, Adviser to the Finance Minister Khurram Schehzad said on Tuesday. “As part of its routine course of external debt management, Pakistan has repaid its $1.3bn Eurobond maturing on April 8 — on schedule and in full,” he said in a post on the social media platform X. “Alongside, the country has also met $126.125 million in coupon obligations on other...
Paramount Skydance Confirms Investments by Middle Eastern Wealth Funds, Cites ‘Potential for Strategic and Commercial Opportunities’ With Them
David Ellison’s Paramount Skydance on Tuesday confirmed that it has brought on the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi as investors in connection with its Warner Bros. Discovery takeover bid. In an SEC filing, Paramount said that it “believes the successful Equity Syndication” agreement with the Middle Eastern funds — as […]
Financial structure bolstering US power faces serious test
Great powers rarely fall because they lack strength. They falter when they misunderstand the structures that sustain it. Decisions made in moments of confidence can carry consequences far beyond their intent. In today's world, those structures are financial. The dominance of the US dollar is not just a feature of global trade. It underpins how the United States finances its deficits, projects power, and controls access to capital. Periods of tension do not create this system. They ex...
Emerging economies at greater risk of high interest and currency shocks because of Iran war, says IMF
Analysis shows they are reliant on market investors such as hedge funds, which contributed $4tn last yearBusiness live – latest updatesEmerging economies are at greater risk of higher interest rates and currency shocks as a result of the Iran war because of increased reliance on market investors such as hedge funds, the International Monetary Fund has warned.The IMF’s analysis shows that a cumulative $4tn flowed into emerging markets last year from outside the formal banking sector – including f...
Millions of people to get 'targeted support' to help them with their finances
Millions of people to get 'targeted support' to help them with their financesBanks, pension providers, and other authorised financial firms can now provide 'ready-made' suggestions for certain groups of consumers with similar characteristicsMoneyLevi Winchester Money Editor14:51, 07 Apr 2026Updated 14:52, 07 Apr 2026View ImageNew FCA targeted support rules come into force this week(Image: Getty Images/Radius Images)Millions of people will receive targeted support to help them...
UAE moves to curb price hikes despite rising global fuel costs
Abu Dhabi: The UAE has taken measures to limit the impact of fuel price increases on consumer goods, Suhail Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said.He added that global fuel price rises, driven by developments involving Iran, have disrupted supply chains and affected the wider global economy, but stressed that the UAE has introduced a mechanism to prevent unjustified increases in consumer prices.Get updated faster and for FREE: Download the Gulf News app now - simply c...
افزایش قیمت نفت آمریکا پس از حمله به جزیره خارک
پس از انتشار گزارشهایی درباره حمله آمریکا به جزیره خارک، قیمت نفت آمریکا بیش از ۲ درصد افزایش یافت. نفت وست تگزاس اینترمدیت، برای تحویل در ماه مه با رشد ۲.۱ درصدی به ۱۱۴.۷۱ دلار در هر بشکه رسید. شاخص بینالمللی نفت برنت نیز با افزایش ۰.۴ درصدی به ۱۱۰.۲۲ دلار در هر بشکه رسید.
Oil jumps above $116 as Trump's Strait of Hormuz deadline approaches
Iran warOil jumps above $116 as Trump's Strait of Hormuz deadline approachesStocks also dropped at the opening bell, with the S&P 500 falling 0.5%.Listen to this article with a free account00:0000:00The Stena Impero being seized and detained in 2019 in Bandar Abbas, Iran along the Strait of Hormuz.Getty Images fileShareAdd NBC News to GoogleApril 7, 2026, 9:41 AM EDTBy Steve KopackOil prices jumped and stocks tumbled Tuesday morning, as the U.S. launched fresh strikes on Iran's Kharg Is...
Air New Zealand cuts flights and hikes fares as fuel prices surge
Air New Zealand cuts flights and hikes fares as fuel prices surgeJust nowShareSaveAdd as preferred on GoogleMitchell LabiakBusiness reporter, BBC NewsGetty ImagesNew Zealand's national airline has become the latest to cut flights and hike fares as jet fuel prices surge to record levels due to the US-Israeli war with Iran.Air New Zealand's cancellations are expected to hit routes in and out of Auckland, Wellington and Christchurch, with flights to smaller airports unchanged.Many airline...
FirstRand to Exit UK as Car-Loan Bill Hit £750 Million
FirstRand Ltd. plans to exit its UK motor-finance business after saying it will raise a provision to cover compensation for clients over claims they were missold car loans in the UK to £750 million ($994 million).
These are the biggest risks of gold investing right now, according to experts
MoneyWatch: Managing Your Money These are the biggest risks of gold investing right now, according to experts 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 Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, incl...
Tips for taxpayers as deadline approaches
A new survey shows around two-thirds of Americans say they would be further ahead in life if they were more financially literate. CBS News business analyst Jill Schlesinger shares tips for taxpayers ahead of the upcoming deadline and ways to feel more confident about investing.
Journalist describes toll of gambling after losing nearly $10,000 in a work experiment
McKay Coppins, a writer for "The Atlantic," was given $10,000 by the magazine to immerse himself in online gambling. "The Atlantic" agreed to cover his losses and split any winnings. Coppins speaks about his recent article, "Sucker: My Year as a Degenerate Gambler," in which he details losing nearly all of the money and the impact of betting.
US Natural Gas Futures Rise on Oil Price Gain, Lingering Cold
US natural gas futures rose on a cold shift in weather forecasts, indicating higher demand for the heating and power-plant fuel even as the gas market’s so-called winter heating season recedes in the rearview mirror. Rising oil prices, which have influenced the front-month US gas contract in recent months, may also be supporting US gas prices by driving financial inflows into baskets of energy products.
California's $20 minimum wage for fast-food workers led to 'negative outcomes,' researchers say
Researchers found that California's minimum wage hike for fast food workers led to "negative outcomes" such as automation and reduced work hours.The researchers at the University of California, Santa Cruz suggested in a report published in March that the policy could produce unintended consequences such as an increase in menu prices, a loss of overtime and benefits, reductions in employee working hours, and an implementation of automation that replaces workers.The minimum wage for workers was $1...
Africa’s richest man offers fuel relief
The Dangote refinery has the capacity to supply Nigeria and most of the continent amid the Middle East war disruption, its owner has said Nigeria’s Dangote refinery has said it is ramping up fuel and fertilizer exports to African markets as supply disruptions linked to the US-Israeli war on Iran tighten availability and drive up import costs across the continent. The refinery, Africa’s largest, has been op...