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China’s luxury spending seen boosting global sales in 2026 despite headwinds
Luxury is back. Following a relatively stagnant 2025, the industry is forecast to accelerate in 2026, with China’s long-awaited recovery emerging as a pivotal factor, even as the war in Iran casts a shadow over global markets, according to analysts. Estimates vary, but HSBC, Deutsche Bank and BNP Paribas all forecast global sales growth ranging from 5.5 to 6 per cent this year. “We believe it is time to look at the sector, as we think the organic sales growth rate should further accelerate in...
Jet fuel costs skyrocket amid Iran war, exacerbating crisis for airlines, travelers
An international jet fuel shortage is driving up airfares and triggering thousands of flight cancellations as airlines grapple with rising costs. Analysts warn the crisis could deepen in the coming weeks, with the war in Iran showing little sign of easing and jet fuel prices continuing to climb. Since before the war began, the price…
Dubai issues new customs rules to route cargo via Oman amid logistics disruptions
Dubai: Dubai has introduced a detailed customs framework to reroute cargo through Oman, formalising procedures for a temporary land-based corridor aimed at easing pressure on disrupted sea and air routes.Get updated faster and for FREE: Download the Gulf News app now - simply click here.The directive, issued under Customs Notice No. (06/2026) on April 4, allows cargo to move from Dubai to global destinations via Oman’s ports and airports using a land corridor through the Hatta border crossing.A...
Fans told to stay away from Durham ground after storm damage
Durham tell fans to stay away from Riverside after stormImage source, ShutterstockImage caption, Durham have been a first-class county since 1992Published8 minutes agoSpectators have been told to stay away from Durham's Riverside ground at Chester-le-Street after it was hit by Storm Dave overnight.The start of the third day's play in the County Championship Division Two match between Durham and Kent has been delayed.A club statement said "damage has been caused within the venue&qu...
Roads near Karachi Press Club closed due to ‘security reasons’: traffic police
KARACHI: Two roads leading to the Karachi Press Club (KPC) were closed off on Sunday, with the traffic police citing “security” as the reason. In a statement issued at 11:50am, the Karachi Traffic Police (KTP) said both tracks of Din Mohammad Wafai Road were shut. It added that Sarwar Shaheed Road from the Coast Guard Officers’ Mess towards Angle Chowk, Karachi Press Club was also closed for traffic. The KTP cited “security” as the reason for the closure of the routes....
Finally some fuel relief as petrol prices fall - but is it too little, too late for Anthony Albanese?
Fuel excise slashed by 26.3 cents per litre for three monthsREAD MORE: Tales of woe from one of Australia's CHEAPEST service stations By MAISY RAE and KYLIE STEVENS, SENIOR BREAKING NEWS REPORTER, AUSTRALIA Published: 10:00, 5 April 2026 | Updated: 10:01, 5 April 2026 e-mail View comments
Questions to help you get 'financially naked' with your partner
Questions to help you get 'financially naked' with your partner April 5, 20265:00 AM ET By Marielle Segarra , Clare Marie Schneider Image Source/Getty The first time Vivian Tu got "financially naked" in front of her partner — a term she uses to describe "brutally honest conversations" about money — it was out of desperation. Life Kit How to get 'financially naked' with your partner How to get 'financially naked' with your partner Listen · 21:41 21:41 Transcript Toggle more opt...
More teens are getting hooked on gambling. Parents say it often goes undetected
Education More teens are getting hooked on gambling. Parents say it often goes undetected April 5, 20265:00 AM ET Sequoia Carrillo LA Johnson/NPR Kim Freudenberg, a longtime teacher in San Francisco, knew that raising two boys meant a lot of hard conversations. She warned them about all the usual dangers: drugs, alcohol, sex, social media, riding a bike without a helmet. "Never once did I even think that I needed to say 'gambling,'" she recalls. One day, when her oldest son was 11, he was watchi...
Full list of pay rises as workers short ‘four months worth of food bills’
Full list of pay rises as workers short ‘four months worth of food bills’The National Minimum Wage and National Living Wage increases this monthCommentsMoneySamantha Leathers Senior Money & Lifestyle writer09:57, 05 Apr 2026View 3 Images4.4 million jobs in the UK are paid below the real living wage(Image: GETTY)From the start of April 2026, the National Minimum Wage rates increased, giving workers over 21 on the National Living Wage an extra 50p per hour while workers under 21 saw rises as h...
Barclays plans to 'bring back bank managers' and 'open new high street branches'
Barclays plans to 'bring back bank managers' and 'open new high street branches'Barclays has closed more than 800 branches since 2018CommentsMoneySteven Smith Content Editor09:35, 05 Apr 2026View 2 ImagesA change of strategy is being spoken about(Image: ASphotowed via Getty Images)Barclays has signalled a major about-turn in its high street strategy. It is set to make a comeback on the high street by launching new branches and reinstating "bank managers", according...
Former Co-op boss was paid almost £2m before leaving after group’s difficult year
Shirine Khoury-Haq and other managers did not receive annual bonus after damaging cyber-attack in 2025The former boss of the Co-op collected almost £2m before her sudden departure last month despite a difficult year when the retailer was pushed into the red by a damaging cyber hack.Shirine Khoury-Haq’s total annual pay package amounted to £1.9m in 2025, including a £165,000 “rewarding growth” bonus that was approved by the mutual’s board despite falling sales and the slide to an underlying loss...
How changes in home rental laws in England will impact Hong Kong, mainland investors
A proposed cap on the ground rents paid by leasehold homeowners in England and Wales is seen as favouring foreign property investors, including those from Hong Kong and mainland China, but another measure tightening rules in setting rents is dampening demand ahead of its implementation, according to analysts. An estimated 203,000 homes in England and Wales are registered to owners with an overseas address. Hongkongers hold 14 per cent, making them the largest group of foreign investors in the...
Tiger Woods' jaw-dropping £41m mansion with £15m yacht and his own golf course
Tiger Woods' jaw-dropping £41m mansion with £15m yacht and his own golf courseTiger Woods boasts a staggering mansion that even features its own golf course and boat dockCommentsSportChris Burns Senior Sports Writer09:00, 05 Apr 2026View 4 ImagesTiger Woods has announced that he is taking a step away after his arrest(Image: Adam Glanzman/TGL/TGL Golf via Getty Images)Tiger Woods boasts an opulent mansion worth a staggering £41million. The 15-time major winner also has a £15m super yacht par...
Some UAE banks offer loan deferments, flexible payment plans amid regional conflict
[Editor's Note: Follow Khaleej Times live blog amid US-Israel-Iran war for the latest regional developments.]Some UAE banks are offering loan deferments and flexible payment options to support customers affected by ongoing regional tensions, with targeted measures for SMEs and frontline personnel.Abu Dhabi Islamic Bank (Adib) has rolled out its “Sanadna” initiative, providing payment deferrals and financial relief to frontline workers and small and medium-sized enterprises.Under the s...
'Last chance' for anyone aged under 65 before HMRC allowance slashed
'Last chance' for anyone aged under 65 before HMRC allowance slashedTax-free limits are being slashedCommentsMoneySteven Smith Content Editor08:57, 05 Apr 2026View 3 ImagesHMRC is making changes(Image: MarioGuti via Getty Images)Financial experts have warned people that upcoming changes means a 'last chance' to maximise what's available. Millions of ISA savers face a ticking clock as the new tax year kicks off to make the most of their full £20,000 HMRC allowance in cash...
Single mum-of-three saves £1,000 a month while working 20 hours a week
Single mum-of-three saves £1,000 a month while working 20 hours a weekEmma Smith, 34, from Glasgow claims to save £1,000 a month - money she puts towards swimming lessons, activities and budget holidays with her three boys.CommentsMoneyPhoebe Jobling, Emma Mackenzie Features Writer and SWNSOliviaStringer (Olivia Stringer)08:51, 05 Apr 2026Updated 08:51, 05 Apr 2026View 4 ImagesEmma Smith uses the money she's saved on family holidays(Image: SWNS)A single mum-of-three is managing to save £1,0...
Cornwall mum stranded in India with horror injuries after 'head-on collision'
Cornwall mum stranded in India with horror injuries after 'head-on collision'Mum-of-five Roxanne Bolton, 39, will need 'several' procedures after she was flung from a motorcycle in a horror collision in India, leaving her in 'extreme pain' with multiple injuriesCommentsNewsBritta Zeltmann and Zahra Khaliq News Reporter08:46, 05 Apr 2026View 3 ImagesRoxanne Bolton, 39, was caught in a horror collision while travelling in India(Image: Supplied)A British mum is strande...
Thousands of pounds of clothes, tech and vinyl abandoned in shopping centre
Urban explorers have found massive piles of brand-new clothing, iPads and vinyl records in an abandoned shopping centre.Stretford Mall, on the outskirts of Manchester, closed its doors to shoppers at the end of February, and is due for demolition - but it appears there was thousands of pounds worth of stock left behind when the traders moved out. Left behind are piles of goods once destined for sale, scattered throughout the premises.The launch of Stretford Mall in the 1960s was described at the...
DWP state pension age rises and payments increase from Monday
DWP state pension age rises and payments increase from MondayAs the new tax year begins there are important changes people need to knowCommentsMoneySteven Smith Content Editor08:22, 05 Apr 2026View 3 ImagesChanges are happening from Monday(Image: Harbucks via Getty Images)Significant alterations to state pensions are taking effect from April, impacting both the sums received by pensioners and the retirement age for certain people. As the fresh tax year begins on Monday, April 6, those drawing pe...
OPEC+ to discuss oil production rise as Iran war weighs on markets
VIENNA, Austria: Key members of the OPEC+ oil cartel will on Sunday discuss production quotas for next month as the US-Israeli war against Iran unsettles global oil markets. The eight-strong V8 (Voluntary Eight) group in the alliance, which includes top oil producers Saudi Arabia and Russia — as well as several Gulf states who have been hit by Iran’s retaliatory airstrikes — are to decide whether to increase production as prices rise. Last month, the group announced a higher-th...