Latest News, Updates & Breaking Headlines
KPMG’s UK arm has told nearly 600 employees in its audit business that their roles are at risk, as the Big Four firm moves to cut costs in a tougher market.The proposed shake-up is expected to lead to up to 440 exits if the redundancy process goes ahead.The affected staff have been informed that they…
Iran has introduced its highest-value banknote yet — a 10 million rial note — as war and economic turmoil push the country’s financial system to the brink. According to Financial Times reporting, the new note, worth roughly $7, has already begun circulating through banks as long queues form outside cash machines, with many running dry…
Shillong: Police in West Garo Hills detained several individuals with lethal weapons during intensified surveillance at a checkpoint at Aramile in Tura of Meghalaya on Monday night.According to a police statement, the search of vehicles led to the recovery of machetes, hammers, catapults, and other items suspected to be intended for use in the ongoing…
Diplomacy over deployment. (Ians file photo of Jaishankar) NEW DELHI: India is stepping up diplomatic engagement with Iran to restore shipping through the strategic Strait of Hormuz, positioning dialogue with Tehran as an alternative to the military approach advocated by US president Donald Trump.New Delhi has hailed its direct talks with Iranian authorities as the…
As tensions in the Middle East continue to boil, the ripple effects are being felt across global oil markets. Disruptions around the Strait of Hormuz, one of the world’s most vital oil transit routes, have thrown supply chains into uncertainty, prompting governments and refiners worldwide to rush in search of alternatives. The International Energy Agency…
MUMBAI: India’s trade and energy supplies face fresh risks after reinsurers and Protection & Indemnity (P&I) clubs announced cancellation of war risk insurance for vessels transiting the Strait of Hormuz and Iranian waters, following an escalation in the Iran conflict. The cancellations, effective from this week, have left over 150 vessels stranded and disrupted a…
Global oil markets are heading into a volatile phase as escalating tensions in the Middle East raise fears of supply disruption through one of the world’s most critical energy corridors, with analysts warning that crude prices could surge sharply if the conflict deepens.Khamenei’s death, confirmed by Iranian state media earlier, triggered warnings about strong retaliation…
Poverty in Pakistan has climbed to an 11-year high of 29%, while income inequality has reached its highest level in 27 years, according to an official survey released by planning minister Ahsan Iqbal on Friday. The report estimates that about 70 million people now live in extreme poverty, defined by a monthly threshold of Rs8,484…
Selling pressure in global technology stocks spilled over to Indian IT counters listed in the US on Thursday, with Infosys and Wipro ADRs declining sharply amid a broader risk-off mood and concerns over interest rate outlook and AI-driven disruption in the sector.Infosys’ American Depositary Receipts (ADRs) fell more than 7 per cent to an intraday…
Brooklyn Beckham has reportedly bid farewell to a tattoo honoring his iconic father, David Beckham, a move that many interpret as a dramatic turn in their familial tensions. After openly expressing his desire for independence and distancing himself from his parents, this tattoo alteration signals an even bigger divide within the Beckham clan. Brooklyn Beckham…
