Financial News

UK Economy Set to Shrink as Iran Energy Shock Hits Growth

The UK economy is expected to contract despite a boost at the start of the year, with economists warning that the war in Iran’s energy price shock will now show up in fresh data. Economists believe that the UK economy declined by 0.1 per cent in April. Official figures will be published on Friday. The drop in growth momentum will reflect the late impact of the war in Iran on businesses and consumers, City analysts have said, as political uncertainty around the Labour Party’s leadership could also dampen activity. Deutsche...

Minister Hajdu strengthens Canada's partnerships with Employment Ministers at the G7

/CNW/ - In a world where relationships have become frayed, working together as countries is more important than ever. The rules-based order that has...

M’sia risks missing deficit goals on subsidy pressures

Malaysia will likely not meet its fiscal deficit targets for 2026 as the Iran war drives up the cost of fuel subsidies, Second Finance Minister Datuk Seri Amir Hamzah Azizan says, adding that longer-term goals remain intact.

Overwhelming support for Care-First auto insurance reforms

/CNW/ - Two-thirds of Albertans support the government's new Care-First auto insurance reforms, with the majority citing lower prices as the most important...

Takaful industry demonstrates resilience

The takaful industry has demonstrated resilience in 2025, growing by 4.73% in 2025, bringing total gross contributions to RM16.38bil, according to the Malaysian Takaful Association.

Pair win national plaudits

Two Cumbrian tourism businesses have been recognised among the best in England after picking up bronze awards at the VisitEngland Awards for Excellence.

Mass shooting leaves 12 dead and at least 9 hurt in an impoverished South Africa community

At least 12 people are dead and nine more were injured in a mass shooting in a Johannesburg suburb. South African police say a gang of about 10 people opened fire in an impoverished settlement in Cleveland late Tuesday night...

Trumps Make Bank Off Crypto as Investors Lose Their Shirts

People who bought into the Trump-branded crypto boom have, on paper, largely bought into a bust. Reuters reports that four Trump family ventures in digital assets have together produced at least $2.3 billion in profit for the Trumps since President Trump returned to the White House—while more than...

CS Ruku calls for stronger collaboration between gov't and private sector

CS Ruku challenged women leaders and corporate executives to take a leading role in driving socio-economic transformation through investment, innovation and entrepreneurship.

Pitney Bowes stock hits 52-week high at 17.13 USD

Use of contingency fund for pension sign of fiscal emergency: Tejashwi

Tejashwi Yadav calls Bihar’s Rs3,662 crore contingency fund withdrawal for May–July social security pensions a fiscal emergency; JD(U) says more funds needed.

Gold prices drop 2.5% as US inflation data fuels Fed rate hike fears

Gold prices fall as US inflation stays strong, raising Fed rate hike fears. Dollar rise and market selloff keep gold under pressure worldwide.