News Archives for Business & Finance - 2026-05-01

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Business & Finance - 2026-05-01

USA

Trump says he will raise tariffs on EU autos to 25%

'Based on the fact the European Union is not complying with our fully agreed to Trade Deal,' Trump

Published 01 May, 2026 09:08pm

USA

Pentagon reaches agreements with top AI companies, but not Anthropic

The Pentagon labeled the AI startup, which is widely used across the Department of Defense

Published 01 May, 2026 08:37pm

Energy

Venezuela's oil exports jump to highest since 2018, with more sales to US, India

A total of 66 vessels departed from Venezuelan waters, compared with 61 ships that carried 1.08 million bpd of crude

Published 01 May, 2026 08:13pm

Stocks

Nasdaq, S&P 500 hit fresh highs as Wall St extends gains after best month in years

Dow Jones Industrial Average rose 148.14 points, or 0.30%, to 49,800.28

Published 01 May, 2026 08:08pm

Commodities

Aluminium rebounds on supply concerns amid US-Iran standoff

Benchmark three-month aluminium on the London Metal Exchange rose 1.2% to $3,515 a metric ton

Published 01 May, 2026 04:46pm

Energy

ECB's Makhlouf concerned energy prices may stay higher for longer

'I will be paying close attention to indirect effects,' Makhlouf says

Published 01 May, 2026 04:38pm

Money & Banking

Pakistan inflation returns to double digits at 10.9% in April 2026

Inflation stood at 6.19% in 10MFY26

Published 01 May, 2026 02:59pm

Energy

Load management ends in Pakistan as LNG supply stabilises system: Leghari

Federal Minister for Power Awais Ahmed Khan Leghari on Friday announced the end of load management across the...

Updated 01 May, 2026 06:59pm

Markets

India collects 2.43 trillion rupees in goods and services tax in April

India collected ‌2.43 trillion rupees in goods and ⁠services tax in April

Published 01 May, 2026 11:46am

Markets

NatWest's first-quarter profit rises 12%, takes Iran war provision

NatWest also upgraded its income guidance for the year, now saying it expects to be near the top of the 17.2-17.6 billion pound range it previously set out

Published 01 May, 2026 11:36am

Markets

Standard Chartered sees ECB hiking rates in June

Standard Chartered expects the ECB to ‌deliver a 25 basis point rate hike in its June meeting

Published 01 May, 2026 11:11am

Markets

Apple says India antitrust body overstepping judicial authority as spat intensifies

The Indian case is among many Apple faces around the globe for alleged antitrust breaches. India is a key market for ⁠Apple where its iPhones have a 9% market share, compared to 4% two years ago

Published 01 May, 2026 10:42am

Markets

Toyota to post fourth straight quarterly profit drop as Middle East risks, costs mount

The world's ‌biggest automaker is forecast to post operating profit of 813 billion yen ($5.17 billion) for the January-March quarter, down 27% from a year earlier

Published 01 May, 2026 10:38am

Energy

Pakistan-bound tanker exits Strait of Hormuz with Kuwait diesel: report

A Pakistani tanker laden with diesel from Kuwait was seen transiting out of the Strait of Hormuz, a rare event in...

Published 01 May, 2026 10:35am

Energy

Indian Oil hikes prices of industrial LPG, jet fuel for foreign airlines

The price of a 19-kilogram commercial LPG cylinder for industrial clients was hiked by 993 rupees, or 47.8%, to 3,071.5 rupees, the refiner said

Published 01 May, 2026 10:34am

Stocks

Asia shares find relief in tech resilience, oil off peak

Nikkei up 0.4% and Australian ⁠shares adding 0.7%

Published 01 May, 2026 10:15am

Energy

Californians now paying 6 bucks a gallon for kicks on Route 66

The Golden State also has some of the highest gasoline prices in the country because of stringent emissions standards, high taxes and its reliance on imported petroleum

Published 01 May, 2026 10:11am

Energy

Crude futures fall on new Iran proposal for peace talks

Brent crude futures for July were down $1.62, or 1.47%, at $108.78 a barrel

Updated 01 May, 2026 08:56pm

Forex

Yen steadies after Japan intervention; traders brace for more action

The dollar index , which measures the greenback against a basket of currencies, fell 0.04% to 98.1

Published 01 May, 2026 09:59am

Industry

Pakistan, South Korea agree to accelerate CEPA, expand trade & investment cooperation

Pakistan and South Korea have agreed to fast-track negotiations on a Comprehensive Economic Partnership Agreement...

Published 01 May, 2026 09:58am

Bullion Rate

Gold heads for weekly loss on oil-driven inflation concerns

Spot gold was steady at $4,620.57 per ounce

Updated 01 May, 2026 11:21am

Technology

Investment sought in AI, robotics & blockchain

ISLAMABAD: Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) and Minister of State, Bilal Bin...

Published 01 May, 2026 06:47am

Business & Finance

Pakistan, China talk climate economy

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a comprehensive meeting...

Published 01 May, 2026 06:40am

Companies

PTCL refutes news

KARACHI: Pakistan Telecommunication Company Limited (PTCL) notes recent media reports regarding a potential change...

Published 01 May, 2026 06:36am

Pakistan

Senate body orders probe into telecom network outages

ISLAMABAD: The Senate Standing Committee on Information Technology and Telecommunication on Thursday ordered a probe...

Published 01 May, 2026 06:35am

Business & Finance

Aurangzeb, FPCCI officials discuss key issues

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Atif Ikram...

Updated 01 May, 2026 09:34am

Pakistan

Austrian envoy hails Pakistan as a global peacemaker

LAHORE: Austrian Ambassador Wolfgang Oliver Kutschera praised Pakistan’s growing role as a global peacemaker during...