Veteran "60 Minutes" correspondent Scott Pelley publicly criticized CBS News management and editor-in-chief Bari Weiss during a heated meeting, calling the firings of producers and correspondents "murder" and a deliberate attempt to "kill" the show. Staff showed support for Pelley, who also praised a young journalist critical of the network's direction.
EY report urges India to recast growth strategy to counter economic shocks like the Middle East conflict. Recommendations include building strategic reserves, dual-use infrastructure, and achieving sustainable fiscal/current account balances.
German industry has lost 340,000 jobs since 2019, a six percent decrease, according to an EY report cited by RIA Novosti. The automotive sector was hit hardest, losing every seventh job, while chemical-pharmaceutical and electrical industries saw growth.
Speculation about Mouni Roy and Suraj Nambiar's marriage intensified as they reportedly unfollowed each other on Instagram, with Suraj's account now appearing deactivated. Adding to the buzz, Mouni's friend Disha Patani also allegedly unfollowed Suraj. Fans expressed concern over the alleged separation, recalling the couple's 2022 wedding.
Europe's oil supermajors highlighted trading contributions as they reported stronger-than-expected profits through the first three months of the year.
PwC survey reports fast fall in consumer confidence with people worried about Iran war’s impact on economy and personal financesBritish households are bracing for a new cost of living crisis, as the impact of the Middle East conflict dampens confidence in the economy and personal finances, a survey has suggested.Consumer confidence in the UK has dipped over the last three months at the fastest rate since June 2022, when inflation in the UK was soaring as a result of Russia’s invasion of Ukraine and the spike in commodity prices. Continue reading...
Disney's second-quarter earnings report comes less than two months after Josh D'Amaro took the helm as CEO.
A worker died after falling 10 metres (33 feet) down a lift shaft he was repairing at a luxury estate in Hong Kong on Monday. A security guard at Block 4 of Pacific View on Tai Tam Road in Stanley reported the accident to police at 2.40pm. Rescue personnel pulled the unconscious 26-year-old worker from the shaft, but he had suffered head injuries and was certified dead at the scene. Police said the cause of the accident was under investigation. The Association for the Rights of Industrial...
Alphabet, Amazon, Meta and Microsoft all beat earnings expectations, as they reported on Wednesday, but Alphabet stood out, with its shares jumping 7% in extended trading on strong cloud growth.
Turkey's Energy Minister Alparslan Bayraktar says there are no problems with Russia in implementing the Akkuyu nuclear power plant project, with financing secured for the first and second power generating units. The Russian side also expressed high interest in the construction of Turkey's second nuclear plant in Sinop, where Turkey is also working with China, South Korea and Canada and considering alternative countries and technologies.
Israel's UN ambassador Danny Danon describes the newly extended Lebanon ceasefire as "not 100%" amid reported violations by Israeli forces. The 10-day ceasefire announced by Trump last week was extended by three weeks on Thursday. RT's Beirut correspondent Steve Sweeney reports Israeli forces have used the lull to occupy southern Lebanon and impose a "yellow zone" covering around 55 towns where residents are barred from returning, with troops reportedly ordered to open fire on anyone entering.
Brent crude hits highest level since the US and Iran first agreed a ceasefire in early AprilRetail sales rise in Britain after Iran war prompted ‘panic at the pumps’Trump says he will ‘probably put a big tariff on the UK’ if it doesn’t drop digital services taxSarah Breeden’s warning that share prices do not reflect the many risks facing the global economy may have pushed the market down this morning, suggests Russ Mould, investment director at AJ Bell.He explains:The stock market reflects what investors think will happen in the future. While markets have been wobbly since the Middle East conflict unfolded, they didn’t pull back sharply in the early stages of the crisis, and more recently they’ve shown resilience. That suggests investors are confident the war will end quickly, and elevated oil and gas prices will retreat as supply is restored.Oil prices currently trade at $105 per barrel which is higher than the sub-$70 price seen at the start of 2026, but below the $120+ level when Russia invaded Ukraine in 2022. One could argue current oil prices are high enough to cause pain for businesses and consumers as everything becomes more expensive. There are already signs it is causing problems for companies as they report cautious outlook statements.Companies are considerably more pessimistic about the coming months.The German economy is being hit hard by the Iran crisis. Continue reading...
Bank of England deputy governor Sarah Breeden has warned that global stock markets are overvalued and vulnerable to a correction. Meanwhile, the ongoing Iran conflict continues to disrupt energy supplies, fueling inflation and dampening business confidence across Europe.
Sarah Breeden explains ‘I’m not saying it will happen today, tomorrow, in 12 months’ time’, but system needs to be resilientSarah Breeden’s warning that share prices do not reflect the many risks facing the global economy may have pushed the market down this morning, suggests Russ Mould, investment director at AJ Bell.He explains:“The stock market reflects what investors think will happen in the future. While markets have been wobbly since the Middle East conflict unfolded, they didn’t pull back sharply in the early stages of the crisis, and more recently they’ve shown resilience. That suggests investors are confident the war will end quickly, and elevated oil and gas prices will retreat as supply is restored.“Oil prices currently trade at $105 per barrel which is higher than the sub-$70 price seen at the start of 2026, but below the $120+ level when Russia invaded Ukraine in 2022. One could argue current oil prices are high enough to cause pain for businesses and consumers as everything becomes more expensive. There are already signs it is causing problems for companies as they report cautious outlook statements.“Companies are considerably more pessimistic about the coming months“The German economy is being hit hard by the Iran crisis.” Continue reading...
