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More foreign marques face a do-or-die moment as Chinese buyers shun petrol cars
A number of underperforming international car brands are likely to either exit the mainland Chinese market or scale down operations, as losses mount due to falling sales and shrinking market share. Carmakers delivering fewer than 1,000 units a month already faced a do-or-die situation in the world’s largest automotive market because the weak sales were not enough to cover their manufacturing and operating costs, according to analysts. Some carmakers are likely to follow Skoda, Volkswagen’s...
Diesel remains volatile as prices rise again despite Labor’s fuel tax relief
Energy minister Chris Bowen says 3.4% of Australia’s service stations had no diesel, as of Monday, after wholesale prices surgedTrack Australia’s fuel prices, service station outages and shipments in chartsGet our breaking news email, free app or daily news podcastDiesel users in Australia are not enjoying the same relief as unleaded customers, with one in 30 service stations still entirely out of diesel and prices rising again after an initial slump last week.But while the energy minister, Chri...
Man spends £600 on National Lottery Scratchcards and winnings leave him speechless
Man spends £600 on National Lottery Scratchcards and winnings leave him speechlessA man spent £600 on National Lottery Scratchcards, and he was floored by the events that unfolded. His winnings left him totally speechless after he splashed the cashCommentsMoneyKatie-Ann Gupwell Content Editor08:27, 06 Apr 2026Updated 08:27, 06 Apr 2026View ImageHe spent £600 on National Lottery Scratchcards (stock image)(Image: undefined via Getty Images)Lots of people try their luck by buying a Scratchcard ever...
Surging oil prices push Hong Kong’s laundry sector to freeze hiring, halt orders
Surging oil prices are driving up costs for Hong Kong’s laundry sector, with the tripling of fuel costs forcing some operators to turn down new orders and freeze hiring. An industry representative said on Monday that the price of industrial diesel, commonly known as “red diesel”, had surged from about HK$6 (80 US cents) per litre in late February to as high as HK$17.50 in early April – an increase of more than 190 per cent in just over a month. The sharp rise has significantly raised operating.....
Charity 'feels the pinch' of higher energy prices
Charity 'feels the pinch' of higher energy pricesJust nowShareSaveAdd as preferred on GoogleLeigh MilnerLondonBBCShane Dorsett, from The Felix Project, says the charity is feeling the effects of higher energy and fuel prices because of the conflict in the Middle East"We have big chillers that hold all of our chilled and frozen food across the city, where we'll see increased prices. We will feel a pinch and so will our charity partners downstream."Shane Dorsett, chief ope...
Dubai South announces rent relief, payment flexibility and waived fees for SMEs
Dubai South has announced a new support package for small and medium enterprises (SMEs) operating at its Business Park, introducing a set of flexible measures designed to ease financial pressures and support business continuity.The initiative aligns with the UAE government’s broader efforts to safeguard economic stability while enabling companies across Dubai to continue expanding.Get updated faster and for FREE: Download the Gulf News app now - simply click here. Rent relief and payment flexib...
New Trump Deadline Looms as Ceasefire Push Keeps Markets on Edge
US allies are reportedly pressing for a last-minute deal with Iran, as President Donald Trump extended his deadline to Tuesday for Tehran to reopen the Strait of Hormuz, keeping markets on edge over whether a breakthrough can be reached.
China’s electric truck revolution: powerful painkiller for the Iran war?
For marketing manager Wang Yuan, who sells electric heavy-duty cargo trucks in the rugged landscapes of Xinjiang in western China, business is riding a new and powerful wave. The commercial vehicle company he works for is a major player in the domestic market. The lion’s share of its electric heavy trucks are destined for coal-rich provinces including Shanxi and Inner Mongolia, apart from Xinjiang itself. In Xinjiang alone, according to Wang, sales across all brands reached around 16,700 units.....
Track current petrol and diesel prices, service station outages and shipments – Australia's fuel crisis in charts
How much fuel does Australia have left today, and when could we run out? Check how much petrol and diesel prices have risen near you in Sydney, Melbourne and across the country since the US and Israel’s war on Iran began in late FebruaryGet our breaking news email, free app or daily news podcastHundreds of service stations across Australia have run empty, fuel prices are elevated and oil shipments have been cancelled.Australia is battling a fuel crisis as Iran’s closure of the strait of Hormuz c...
Major Fertilizer Buyer India Issues Tender as War Hits Supply
India, the world’s largest urea importer, is seeking to buy about 2.5 million tons of the key crop nutrient ahead of the monsoon sowing season as the Middle East conflict disrupts domestic production, tightening availability.
Private capital pay jumps to $750,000 as Abu Dhabi, Riyadh draw top talent
Dubai: Private capital activity is accelerating across the Middle East and Asia Pacific, with the Gulf moving firmly into focus for global investors and senior dealmakers.Sign up for our daily business newsletter, Cheques & Balances.Fresh data from Heidrick & Struggles shows 73% of professionals expect market opportunities to improve over the next 18 months, up from 60% a year earlier, pointing to a clear shift in sentiment as deal pipelines rebuild.That momentum is translating into hiring...
'I jump in the sea to refresh my brain': How remote workers are boosting coastal towns
'I jump in the sea to refresh my brain': How remote workers are boosting coastal towns10 hours agoShareSaveAdd as preferred on GoogleBea SwallowWest of EnglandJack JohnstoneAs more people can now work from anywhere, many are choosing to settle in places that have historically struggled to retain talent, investment and year‑round visitorsAlex Hill can finish a morning of work in a shared office overlooking St Ives harbour, then head straight into the sea to clear his head before his nex...
Murad Ali Shah clarifies on payment of petrol subsidy to motorcyclists
KARACHI: Chief Minister Murad Ali Shah on Monday said that the Rs 2000 petrol subsidy will be provided to the person registered motorcycle to his name. Addressing a press conference Sindh’s chief minister said that the subsidy amount will be transferred in the name of the owner after registration and verification. He said the App has been on the Sindh excise department’s website adding that the motorbike’s transfer has been made free of cost. “If you have purchased motorb...
I'm 73 and a victim of a National Insurance glitch: STEVE WEBB wins thousands of pounds for reader
I'm 73 and a victim of a National Insurance glitch: STEVE WEBB wins thousands of pounds for readerBy STEVE WEBB, PENSIONS EXPERT AND COLUMNIST, THIS IS MONEY Updated: 07:00, 6 April 2026 e-mail 9 View comments
Branded residences come to Antigua with iconic Nikki Beach heading to the Caribbean island… and homes start at £910,000
Branded residences come to Antigua with iconic Nikki Beach heading to the Caribbean island… and homes start at £910,000By LEE BOYCE, EDITOR, THIS IS MONEY Updated: 07:00, 6 April 2026 e-mail 7 View comments
Valid Euro Car Parks ticket holders chased by debt collectors
Even if motorists can provide evidence they’ve paid for parking, they are threatened with bailiffs and courtDrivers have accused a leading car park management company of issuing “false” parking fines – leaving one mother to defend herself from multiple debt collection agencies sent by the company.Jane Winder says she was sent letters from five different debt collection agencies each asking her to pay £170 after she was accused of not purchasing a £2.30 parking ticket at a car park in Lancashire...
Saudis Raise Oil Price to Record Premium as War Riles Markets
Saudi Arabia raised the price of its main oil grade to Asia to a record as Iran’s near closure of the Strait of Hormuz throttles regional energy flows and uncertainty over the duration of the conflict convulses markets.
Pakistan to implement modern fuel management system amid petrol price hike
ISLAMABAD: The Pakistan government has decided to implement a nationwide digital fuel management system at petrol pumps, alongside plans to introduce a monthly petrol quota for privately owned vehicles. Under the proposed mechanism, citizens will be allocated a fixed monthly petrol quota, and no individual will be permitted to purchase fuel beyond the prescribed limit. The initiative is aimed at improving transparency and regulating fuel consumption across the country. Preparations for the roll...
Iraq Tells Buyers to Collect Crude as Its Oil Can Cross Hormuz
Iraq has told Asian traders and refiners they can load its crude as vessels carrying the country’s oil are now able to transit the Strait of Hormuz thanks to an Iranian exemption, testing buyers’ confidence in the security guarantee.
‘Not the Cairo we know’: Energy shock from Iran war dims Egypt nights
At a roadside cafe in downtown Cairo, Abu Ali was mid domino throw when the lights snapped off under new early-closing orders enacted to curb Egypt’s soaring energy bill due to the US-Israel war on Iran. “I used to stay here until 2am,” the 63-year-old told AFP, tapping his tiles as the street went dark. “Now I’m home by 11 at most, just watching the news. This is not the Cairo we know.” The month-long order instituted last week shutters shops at 9pm on weekdays and 10pm on weekends, with a brie...