All eyes are on the RBI board meeting scheduled for May 22 as the central bank is expected to announce a record Rs 3 trillion dividend payout. The surplus transfer could provide a major boost to government finances and support market sentiment.
UK company Capricorn Energy will drill 44 oil wells in Egypt’s Western Desert as part of a five-year exploration plan. The Edinburgh-based company will launch the project in a concession area of nearly 6,200 square kilometres in line with an agreement signed in Cairo on Tuesday. Egypt’s petroleum and mineral resources minister Karim Badawi oversaw [...]
The Bangladesh Power Development Board (BPDB) has proposed increasing the wholesale electricity tariff by 1.20 taka to 1.50 taka per unit. Currently, the wholesale electricity price stands at Tk 7.04 per unit, while the average production cost reached Tk 13.19 per unit in the last fiscal year. As a result, BPDB is incurring a loss of Tk 5.47 per unit. This has created an annual deficit of nearly Tk 60,000 crore, which is being covered through government subsidies. At the same time, Power Grid Bangladesh PLC has also proposed increasing electricity transmission charges. The state-owned transmission company currently charges 30 paisa per unit and has proposed raising it to 49 paisa. The proposals were presented during a public hearing organized by the Bangladesh Energy Regulatory Commission (BERC) on electricity tariff adjustments. The hearing was held on Wednesday at the Institution of Agriculturists Bangladesh auditorium in the capital. Political leaders, business representatives, consumer rights organizations, and other stakeholders strongly opposed the proposed price hike. According to BPDB’s proposal, despite the current wholesale tariff of Tk 7.04 per unit, the average production cost rose to Tk 13.19 per unit in the previous fiscal year, resulting in a loss of Tk 5.47 per [...] The post Proposal to Increase Wholesale Electricity Tariff by 30 Paisa per Unit appeared first on Energy Bangla .
The cost of beef and veal soared by 13.2 per cent while fresh or chilled fish went up 11.6 per cent in the 12 months to April, the Office for National Statistics (ONS) said.
Germany has been warned that a “China shock” to its trade economy is the biggest driver of its industrial slump, in a new report that urges Berlin to throw its weight behind stronger EU measures against Beijing. Much soul-searching has been under way in Berlin over recent years, with the German government focusing on deregulation in an effort to kick-start a sputtering economy. According to the report from influential think tank the Centre for European Reform, the “China shock is now the most...
Latin America · Markets & Macro Key Facts —Brent near $110. The benchmark traded around $110 a barrel, down about 1.6% on the day after Trump canceled a planned strike on Iran, citing talks brokered by Qatar, the UAE and Saudi Arabia. —Hormuz still effectively shut. The closure has removed more than 14 million barrels [...] The post How the Oil Shock and US Yields Split Latin America’s Markets appeared first on The Rio Times .
Fujairah Terminals, part of AD Ports Group, announced the signing of three strategic land lease agreements with Fujairah International Airport, Fujairah Free Zone Authority and Al Dahra Agriculture Trading.The agreements aim to enhance connectivity and unlock new commercial opportunities across regi ..
As the financial fortunes of the wealthy diverge from everyone else, some businesses are poised to thrive, while others struggle with weakening sales.
SANTA MARIA, Calif., May 20, 2026 (GLOBE NEWSWIRE) -- AMASS Brands Group (“AMASS” or “the Company”), a premium, multi-category beverage platform spanning non-alcohol, functional, and alcohol 2.0 products, today announced that AMASS Brands Group’s common stock (the “common stock”) will begin trading today on the Nasdaq Capital Market under the stock ticker symbol “AMSS”. The direct listing did not involve the issuance of new common stock by the Company. “Today marks a defining milestone for AMASS as we begin trading on Nasdaq,” said Mark Thomas Lynn, Founder and Chief Executive Officer of AMASS. “We’ve built a differentiated, multi-brand platform positioned at the intersection of several of the fastest-growing segments in the beverage industry. As a public company, we are focused on scaling our portfolio, expanding distribution, and executing on our strategy to build a leading next-generation beverage company.”
Rivian's delivery growth could drive a higher valuation.
Median rent in Santa Monica fell to $2,302 in May 2026, down 8.8% annually. One-bedrooms average $2,179, two-bedrooms $2,612, with vacancy rising to 5.3%.