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David Schwimmer Says Kanye West Hasn’t Properly Apologized, Thanks Wireless Festival Sponsors for Pulling Out: ‘I Believe in Forgiveness, but It Takes Much More Than This’
Actor David Schwimmer took to social media Monday to thank several corporate sponsors who have pulled their support from the U.K.’s Wireless Festival, where Ye, formerly Kanye West, is set to headline for three nights in June. He is asking the remaining sponsors to do the same, insisting that the hip-hop superstar still has not […]
Gwadar Port activity revives as Malaysian ship docks
QUETTA: Commercial activity at Gwadar Port has gained fresh momentum as a major cargo vessel from Malaysia docked at the port carrying 14,629 metric tonnes of transhipment cargo, officials said on Sunday. According to details, the cargo ship MV Riva Glory arrived at Gwadar Port with a large consignment of various commercial goods, marking another significant development in the port’s growing trade operations. A spokesperson for Gwadar Port said the vessel transported multiple categories of tra...
'Is my job safe?' How UAE companies are responding to employment security concerns
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]As the ongoing US-Israel-Iran war continues to create some uncertainty, some businesses in the UAE are navigating difficult times, the question on everyone’s minds is the same: Is my job safe?According to Tayfun Topkoc, senior international vice president, at PeopleStrong, uncertainty today is not just affecting business sentiment but reshaping what employees expect&n...
Philippines fuel prices remain high despite deal with Iran for Hormuz safe passage
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.] The reported guarantee by Iran of safe passage of ships bound for the Philippines through the Strait of Hormuz will not bring down fuel prices just yet, the country’s Department of Energy (DoE) admitted.DoE secretary Sharon Garin announced that while the Philippines secured "a safe and preferential access" to the Strait of Hormuz, Filipinos should manage their expectation...
Homin Lee on Investment Scenarios Amid Hormuz Closure
Lombard Odier's Homin Lee lays out potential outcomes for investors as the Strait of Hormuz remains closed and economies around the world remain exposed to higher oil prices. (Source: Bloomberg)
Dollar kept aloft as another Trump deadline looms
The dollar stood just shy of recent highs on Tuesday as traders counted down to a US-imposed deadline for Iran to open the Strait of Hormuz to ‌shipping or face attacks on its infrastructure. War in the Middle East and the closure of the chokepoint in the Persian Gulf have sent energy prices soaring and driven investors to the dollar as the most effective safe haven, pushing the greenback higher, especially in Asia. Hope for some sort of deal or breakthrough held off further dollar...
Pakistan arranges funds to repay UAE debt, Eurobonds: Finance Minister
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, said on Tuesday that arrangements have been finalized to repay debt owed to the United Arab Emirates (UAE) as well as maturing Eurobonds. Pakistan is required to repay more than $3 billion to the UAE following a demand by Emirati authorities, while a $1.3 billion Eurobond is also set to mature this week. Speaking to the media in Islamabad, the finance minister expressed satisfaction over the arrangements, stating th...
China’s Coal Giants Bet on Chemicals as War Curbs Oil Supplies
Chinese coal companies are turning to chemicals manufacturing for growth, as war in the Persian Gulf constrains supply of the liquid fossil fuels more commonly used by the industry.
India's high-growth economy gets a Middle East oil shock
India's high-growth economy gets a Middle East oil shockJust nowShareSaveAdd as preferred on GoogleNikhil InamdarGetty ImagesIndia imports 60% of its natural gas and more than 90% of LPG from the Middle EastIt wasn't too long ago that India's central bank, the Reserve Bank of India (RBI), described the country's high growth-low inflation environment as a "Goldilocks" moment. But that optimism has proved ephemeral as the ongoing war in the Middle East and the accompa...
Oil Shock Sends Philippine Inflation Surging to 20-Month High
EconomicsInflation & PricesOil Shock Sends Philippine Inflation Surging to 20-Month HighFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Andreo Calonzo and Ditas B LopezApril 7, 2026 at 1:04 AM UTCBookmarkSaveThe Philippines’ inflation spiked in March to the highest in nearly two years as the Iran wa...
Economist editor says European leaders now fear a true NATO 'divorce' after Trump pullout threat
The Economist’s editor-in-chief, Zanny Minton Beddoes, said on Monday that European leaders are coming to terms with the possibility of a true "divorce" among NATO.President Donald Trump said he is strongly considering pulling the United States out of NATO over the alliance’s refusal to join his administration’s efforts in the Iran conflict, according to a report. The president, long a critic of the military alliance, which has been pivotal in maintaining global order since World War II, said re...
ADNOC Gas shareholders approve record $3.6 billion dividend for full Year 2025
ABU DHABI: ADNOC Gas plc and its subsidiaries (collectively “ADNOC Gas” or the “Company”) confirmed shareholder approval of all agenda items at its Annual General Meeting (“AGM”), including a record $3.584 billion dividend for 2025, with a final dividend of $896 million payable in May.ADNOC Gas recently experienced an incident at the Habshan complex due to falling debris following the successful interception by air defense systems.ADNOC Drilling targets market share gains in Oman and KuwaitADNO...
Oil prices climb as Hormuz stays shut ahead of Trump deadline
Oil prices extended gains on Tuesday as a U.S.-imposed deadline loomed for Iran to open the Strait of Hormuz or be “taken out”, with U.S. President Donald Trump threatening to order attacks on Iranian bridges and power plants. Brent crude futures rose $1.74, or 1.6%, to $111.51 a barrel by 0530 GMT, while U.S. West Texas Intermediate crude futures were up $3.45, or 3.1%, at $115.86. Trump has threatened to rain “hell” on Tehran if it fails to comply with his deadline of...
DANIEL HANNAN: The uncomfortable truth at the heart of Britain's shoplifting epidemic. It's time we woke up and admitted what has really caused this problem
One measure of the moral seriousness of a country is its respect for property. Britain's activist coppers will finger your collar for posting the wrong words. Yet are uninterested in going after thieves
UAE firms shift hiring strategy, protect jobs while flexible roles rise
Dubai: Companies across the UAE are recalibrating how they manage their workforce, shifting away from broad cost-cutting towards targeted decisions that protect critical roles while controlling expenses.Sign up for our daily business newsletter, Cheques & Balances.The focus has moved to preserving business continuity, with employers reviewing roles individually and retaining skills that are difficult to replace.“Companies are focusing on careful workforce planning rather than broad cost-cutting...
Why high fuel costs could accelerate the Philippines’ EV boom
When Filipino motoring journalist James Deakin recently posted a photo of his fuel receipt – more than 4,000 pesos (US$67) after topping up on nearly 39 litres – his message to followers was blunt: “I’m seriously looking at an EV [or] hybrid now. What’s your breaking point?” He is far from alone. As the Philippines grapples with a national energy emergency triggered by the war in Iran, record pump prices are forcing consumers to rethink their transport methods, and Vietnamese electric vehicle...
Stricter Chinese scrutiny of offshore vehicles a blow for tech and biotech IPO candidates
US dollar-denominated funds could face more hurdles when investing in Chinese tech and biotech companies as Beijing adopts a stricter approach to companies seeking listings via offshore incorporated vehicles. Indicative of Chinese regulators’ caution in overseeing sensitive industries, industry sources say the move ensures that any sale of assets does not escape regulatory scrutiny. And for any offshore incorporated structures that are approved, the stock regulator requires listing applicants to...
Appalling 12-FIGURE cost of California Governor Gavin Newsom's high speed rail plan revealed, with not a single piece of track laid
Appalling 12-FIGURE cost of California Governor Gavin Newsom's high speed rail plan revealed, with not a single piece of track laidBy STEPHEN M. LEPORE, US SENIOR REPORTER Published: 00:48, 7 April 2026 | Updated: 00:50, 7 April 2026 e-mail View comments
When diamonds aren’t forever – value of missing gem claims ‘up by a third’
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Horror as six people are injured in multi-vehicle crash with stolen car in Hamilton
Horror as six people are injured in multi-vehicle crash with stolen car in HamiltonSix people injured in multi-vehicle crashTwo adults left with potentially life-threatening injuries By AIDAN WONDRACZ, ASSISTANT NEWS EDITOR, AUSTRALIA Published: 23:20, 6 April 2026 | Updated: 23:21, 6 April 2026 e-mail View comments