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European ministers call for profit caps on energy companies as Iran war drives price surge
NewsWorldEuropeEuropean ministers call for profit caps on energy companies as Iran war drives price surgeFinance ministers from five European Union member states are urging the bloc to introduce a windfall tax on energy companies as surging oil and gas prices raise inflation fearsDerek Gatopoulos Saturday 04 April 2026 12:01 BSTBookmarkBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","remo...
Washington business owners fear socialist ‘millionaires tax’ is driving businesses out — and they’re next
SEATTLE—Business owners in Washington state are worried that the recently passed "millionaires tax" will drive economic activity out—and even target them next. "There's a lot of fear and trepidation with what's going on in our government when it comes to taxes," Matt Humphrey, a Seattle barber who has locations in the Ballard and Roosevelt areas, told Fox News Digital. "This new millionaire's tax is definitely going to impact us," Humphrey said. "We're afraid… they treat us a bit like an ATM whe...
Five EU countries call for windfall tax on energy companies
Five European Union countries are calling for a windfall tax on energy companies’ profits in reaction to rising fuel prices due to the Iran war, according to a letter from finance ministers to the EU Commission seen by Reuters on Saturday. The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call for an EU-wide tax in a letter dated Friday. Such a measure could help fund relief for consumers in the face of high energy prices and be a signal that “we...
FO rejects 'misleading' claims on UAE deposits, calls it routine financial transaction
The Foreign Office on Saturday rejected what it termed “misleading and unfounded” commentary concerning financial deposits from the United Arab Emirates (UAE) held with the State Bank of Pakistan (SBP), describing the matter as a “routine financial transaction.” The statement followed a senior cabinet minister’s announcement on Friday that the government had decided to return the $3.5 billion debt owed to the UAE within the month, putting to rest speculation a...
Pakistan strengthens Climate-Commerce link to secure food supply
ISLAMABAD: Pakistan is seeking to align its trade and climate strategies to safeguard the country’s food supply chain, amid growing concerns over affordability and efficiency. Federal Minister for Commerce of Pakistan, Jam Kamal Khan held a meeting with Romina Khurshid Alam, who recently assumed charge as Coordinator to the Prime Minister on Climate Change, along with a delegation representing Pakistan’s food chain sector. The meeting focused on aligning Pakistan’s trade and climate policies to...
How to get Rs100 per Liter Petrol- Full Procedure
LAHORE: Chief Minister Punjab Maryam Nawaz Sharif announced a major relief package aimed at reducing the financial burden on the public, including a subsidy on petrol, ARY News reported The CM of Punjab, in a message on X (formerly Twitter) apprised about the relief package. I am pleased to announce a massive relief package for the people of Punjab! Fuel Subsidy: Motorbike owners can now get 20 liters of petrol/month at a discounted rate of Rs. 100/liter. How to apply (Starting April 4): Call...
Russian oil terminals under attack unable to accept shipments for second week, sources say
Russia’s Baltic oil export hubs at Ust-Luga and Primorsk remain unable to handle shipments after a series of Ukrainian drone attacks, prompting the country’s refineries to find alternative routes for export, industry sources said on Friday. The attacks have damaged port infrastructure and continued through the last two weeks of March, with at least five strikes on Ust-Luga in the space of 10 days. Sources said the export restrictions, along with disruptions at large refineries,...
Four groups eligible for council tax reductions as bills rise
Four groups eligible for council tax reductions as bills riseCouncil tax bills will be rising by 4.9 per cent this AprilCommentsMoneySamantha Leathers Senior Money & Lifestyle writer11:26, 04 Apr 2026View 3 ImagesMany households may be able to lower their council tax bill(Image: GETTY)Council tax bills are rising in April by 4.9 per cent on average for households across England, which is surpassing current inflation rates. This will see the average Band D bill rising by £111, but several cou...
Trump issues stern warning to Iran over Strait of Hormuz
US President Donald Trump said Saturday that Iran has 48 hours to meet Washington’s demands to make a deal or reopen the Strait of Hormuz. “Remember when I gave Iran ten days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT,” Trump said on his social media platform Truth Social. “Time is running out – 48 hours before all Hell will reign down on them,” he added. On March 26, Trump said that he had extended Iran’s nuclear negotiation deadline to 10 days partially bec...
تلگراف: پنج کشتی تحریمشده با محموله سدیم پرکلرات به ایران رسیدند
تلگراف گزارش داد پنج کشتی تحریمشده ایرانی از بندر ژوهای چین با محموله سدیم پرکلرات به ایران رسیدهاند؛ مادهای که میتواند برای تولید صدها موشک بالستیک به کار رود.
Unions privately voice misgivings over BMA pay demands and doctors’ strikes
Senior figures express concerns over medical union’s refusal of pay rise that is higher than offer to other NHS staffTrade unions have privately expressed qualms about the forthcoming doctors’ strikes, expressing frustration at the conduct of the talks and the demands of the British Medical Association.The BMA is pushing for a pay rise higher than the 3.5% offered to doctors by the government, with strikes planned for next week. Continue reading...
Bondi, Noem ousters raise questions about future Cabinet shake-ups
President Trump’s move to oust Attorney General Pam Bondi from her post just weeks after replacing former Homeland Security Secretary Kristi Noem is raising questions about whether more staff shakeups are on the horizon. Unlike his first administration, Trump’s second stint in the White House has not been defined by a revolving door of high-level…
Savers 'losing £416' as they're told to 'take action' with HMRC deadline this weekend
Savers 'losing £416' as they're told to 'take action' with HMRC deadline this weekendDoing nothing is costing people moneyCommentsMoneySteven Smith Content Editor10:55, 04 Apr 2026View 3 ImagesISAs are tax-free, but that's not the end of it(Image: designer491 via Getty Images)Loyal cash ISA savers have been consistently penalised by holding their cash in closed accounts that trail behind the highest rates by more than two per cent, new research from Moneyfacts has f...
India makes first Iranian oil buy in seven years with no payment problems
Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday. The world’s third-biggest oil importer and consumer, India has not received a cargo from Tehran since May 2019, following U.S. pressure not to buy Iranian crude, but supply disruptions from the U.S.-Israel war have hit the South Asian nation hard. “Amid Middle East supply disruptions, Indian refiners have secured...
The Gambia subsidizes April fuel prices amidst supply disruptions
The Gambian government has introduced significant fuel subsidies for April 2026 to shield consumers and businesses from the full brunt of surging global oil prices, which have been driven by escalating conflict in the Middle East.
EU finance ministers urge tax on energy firms’ profits amid Iran war
Five European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, according to a letter from the ministers to the EU Commission seen by Reuters on Saturday. The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in a letter dated Friday, saying such a measure would be a signal that “we stand united and are able to take action”. “It would also send a clear message that those...
German industry sees growing opportunities in defence
German industry is increasingly turning its attention to defence production, according to the German Chamber of Industry and Commerce (DIHK). A survey obtained by the business news magazine Wirtschaftswoche revealed on Friday that almost a third of industrial companies see opportunities for their own business models in the security and defence sector. “The survey reflects the positive outlook in the industry – as a result of geopolitical conflicts,” said DIHK expert Rainer Kambeck....
Petrol pump shortage warning for Easter weekend as drivers threaten to fill up twice to mitigate 'truly eye-watering' prices
Petrol pump shortage warning for Easter weekend as drivers threaten to fill up twice to mitigate 'truly eye-watering' pricesBy ELEANOR MANN, JUNIOR NEWS REPORTER Published: 10:15, 4 April 2026 | Updated: 10:15, 4 April 2026 e-mail View comments
When legal sports betting surges, so do Americans' financial problems
As online betting has grown in popularity, a new report from the New York Federal Reserve builds on the troubling link between legal sports wagering and financial health.(Image credit: Charlie Riedel)
Omani Riyal to Pakistani Rupee Rate Today – Apr. 4, 2026
As of today, April 4, 2026, one Omani Riyal (OMR) is trading at 725.92 Pakistani Rupees (PKR), slipping slightly from last week’s 726.14 PKR. For those in Pakistan monitoring the OMR to PKR exchange rate, the pair has continued to trade in a narrow, relatively stable band even as the Iran conflict keeps global energy markets on edge. The Omani Riyal (﷼) maintains its long-standing stability, pegged to the US Dollar at 2.6008 since 1986 and supported by Oman’s oil and gas revenues. Th...