Arabian Post Staff -Dubai Dubai’s Emirates NBD Bank will open its offer on June 1 to buy up to 26 per cent of RBL Bank from public shareholders, marking the next decisive phase in one of the largest foreign investments in the country’s private banking sector. Public shareholders will be able to tender shares until June 12 under the open offer, which has been priced at ₹282.38 […]
Recent Google search trends in Thailand show continued growth in interest for both asset classes. Gold trading-related searches such as “XAUUSD today” have consistently generated between 1,000 and 10,000 monthly searches over the past year, while cryptocurrency-related keywords including “crypto” have maintained similarly strong search volumes.
The trend is also reflected in internal traffic data from BrokersThai.com. Pages related to Forex brokers for gold trading generated more than 5,000 impressions over the last year, highlighting continued interest from Thai traders seeking reliable broker comparisons and trading cost information.
The data also reveals that cryptocurrencies like Bitcoin are no longer seen as just tools for quick gambling. Instead, users search for risk management, such as how to handle price drops and volatility, spike every time the stock market experiences volatility. This proves that traders are carefully weighing crypto risks against the steady safety of gold.
Justin Grossbard, CEO of BrokersThai.com, commented: “Thai traders are now interested in trading multiple assets, especially gold and Bitcoin, while paying more attention to trading costs and broker transparency. Many traders are carefully comparing spreads and execution speeds to reduce unnecessary trading costs as much as possible.”
The findings indicate that Thai retail traders are adapting to uncertain market conditions by conducting deeper research before making investment decisions. Rather than choosing between gold or Bitcoin, many traders are now using both together — relying on gold to help preserve capital while viewing Bitcoin as a long-term growth opportunity.
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European Parliament scrutiny of the Stop Destroying Videogames initiative was diverted by Slovak MEP Milan Uhrík after he used a debate on digital ownership and game preservation to attack what he described as “woke ideology” in the games industry. The initiative, widely known through the Stop Killing Games campaign, asks the European Commission to require publishers selling or licensing videogames in the European Union to leave them […]
Matein Khalid US President Donald Trump’s recent state visit to China has done little to end the stalemate in the Strait of Hormuz. If anything, Iran appears to have been emboldened enough to escalate Gulf tensions through drone strikes near the Barakah Nuclear Energy Plant in Abu Dhabi and rocket attacks targeting sites in Saudi Arabia. Brent crude trading at about $110 a barrel has coincided with a brutal sell-off […]
President Donald Trump said a proposed agreement with Iran to reopen the Strait of Hormuz has been “largely negotiated”, raising hopes of a diplomatic breakthrough after months of conflict disrupted one of the world’s most important energy routes. Final terms are still being discussed among Washington, Tehran and regional governments, with an announcement expected once the remaining points are settled. Trump said the framework followed calls with […]
Arabian Post Staff -Dubai Sharjah has waived truck toll gate fees for cargo vehicles arriving from Oman and operating along approved logistics corridor routes, in a move aimed at cutting freight costs, easing cross-border movement and strengthening the emirate’s role in regional supply chains. The measure applies to cargo trucks entering through the Khatmat Malaha and Al Madam border crossings, provided shipments meet the initiative’s conditions and […]
Bangladesh Bank has launched a 600 billion-taka support package to revive closed factories, expand credit to small businesses and lift growth after a prolonged slowdown in production, exports and private investment. Governor Md Mostaqur Rahman announced the programme at the central bank headquarters in Dhaka, setting out a refinancing and support structure aimed at restoring industrial capacity, creating jobs and easing pressure on businesses hit by high […]
Bitcoin’s long-term security debate has sharpened after Glassnode mapped more than 6 million coins whose public keys have already been exposed on-chain, placing assets worth about $469 billion under theoretical risk from future quantum computers. Glassnode’s analysis estimates that 6.04 million Bitcoin, or 30.2 per cent of issued supply, sit in formats or usage patterns that could become vulnerable if quantum machines become powerful enough to derive […]
Dogecoin’s volatile online following has seized on a playful remark by co-creator Billy Markus after he floated the idea of a $20 trillion valuation for DOGE, reigniting speculative debate around the meme token even as its market price remains near a fraction of its 2021 peak. Markus, who posts on X under the name Shibetoshi Nakamoto, is known for sharp, ironic commentary on cryptocurrency culture. His latest […]
Dubai motorists will pay more to use toll gates and public parking from June 1, with Salik and Parkin applying 5 per cent value-added tax to their services under the UAE’s federal tax framework. The change will add VAT to Salik toll gate use and tag activation charges, while Parkin will apply the tax across its public parking services, including on-street and off-street parking, seasonal cards, permits […]
Abu Dhabi has cast its departure from OPEC as a strategic move to protect national revenue before global oil demand enters a long-term decline, marking one of the sharpest shifts in Gulf energy policy in decades. The UAE ended nearly 60 years of membership in the Organization of the Petroleum Exporting Countries on May 1, stepping away from both OPEC and the wider OPEC+ framework after years […]
Petrol in New Delhi rose by 87 paise to ₹99.51 a litre, while diesel increased by 91 paise to ₹92.49 a litre. The latest increase takes the cumulative rise in both fuels to about ₹5 a litre this month, following the first retail fuel price increase since April 2022.
The pricing move reflects mounting pressure on oil marketing companies as international crude benchmarks remain elevated amid conflict in West Asia and supply concerns around key shipping routes. The controlled increases also point to a calibrated approach by the government, which is seeking to protect refiners’ balance sheets without delivering a sharp one-time shock to household budgets, freight operators and small businesses.
Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation dominate the retail fuel market, operating more than 90 per cent of the country’s roughly 103,000 fuel stations. Their pricing decisions carry wide implications for transport costs, food supply chains, inflation expectations and fiscal calculations.
The latest revision follows a ₹3-a-litre increase on May 15 and another smaller increase during the week, marking a clear shift from the long freeze that had shielded consumers from global volatility while pushing losses onto state-run refiners. That freeze had become harder to sustain as crude prices climbed and the rupee’s movement added to import costs.
The country imports more than four-fifths of its crude oil requirements, leaving domestic retail prices exposed to global oil markets and exchange-rate swings. Refiners have been selling petrol and diesel at discounted rates relative to landed costs, with diesel under-recoveries remaining larger because of its central role in freight, agriculture, public transport and industry.
Losses on diesel sales have been estimated at ₹25-30 a litre even after the first hike, while petrol losses have been placed at about ₹10-14 a litre. The fresh increase narrows that gap only modestly, suggesting further upward revisions could follow if crude prices stay high or the currency weakens.
Diesel is the more sensitive fuel for the broader economy. It powers trucks, buses, farm equipment, construction machinery and a large part of the country’s goods movement. Even modest increases can feed into freight rates, especially for smaller fleet operators with limited capacity to absorb higher running costs.
Petrol demand has also stayed firm, supported by urban commuting, two-wheeler use and private vehicle ownership. April consumption data showed petrol sales at about 3.7 million tonnes, up more than 6 per cent from a year earlier, while gasoil sales stood near 8.3 million tonnes, marginally higher than last year. The numbers indicate that demand has not weakened sharply despite higher living costs.
Bulk fuel demand has added another layer of pressure. Large users such as transport operators, mining companies and industrial consumers often respond quickly to price differences between retail outlets and direct industrial supply. A spike in retail buying can worsen supply imbalances and deepen losses for refiners if pump prices remain below market-linked levels.
The government has so far signalled little appetite for direct subsidies to compensate refiners for continuing under-recoveries. That stance increases the likelihood of gradual price adjustments, particularly if global crude remains above levels assumed in company projections. A sudden subsidy programme would also complicate fiscal planning at a time when public spending priorities remain stretched across infrastructure, welfare and defence.
State-level taxes mean consumers across major cities will see different pump prices even when the base increase is broadly similar. Mumbai, Kolkata, Chennai, Bengaluru and Hyderabad typically record higher retail rates than New Delhi because of local levies, dealer commissions and freight costs. That variation also affects inflation differently across regions.
Compressed natural gas prices have moved higher as well, with Delhi seeing another ₹1-per-kg increase, the third rise in ten days. The parallel increase in CNG adds pressure on taxis, autorickshaws and urban commuters who had shifted to gas-based transport as a cheaper alternative to petrol and diesel.
For oil marketing companies, the price increases may support margins but are unlikely to restore full profitability immediately. Investor attention is now focused on how quickly the companies can recover past losses, whether demand holds up, and whether policymakers allow market-linked pricing to continue if inflationary pressure grows.
Arabian Post Staff -Dubai Brazilian refiner Acelen has secured $1.5 billion to begin construction of a major biofuels refinery in Bahia, advancing Abu Dhabi’s Mubadala-backed strategy to build a large-scale renewable fuels platform in Latin America. The project, led by Acelen Renováveis, is expected to start operations in 2029 and produce up to 1 billion litres a year of sustainable aviation fuel and renewable diesel. The financing […]
Chun Wang, co-founder of the Bitcoin mining pool F2Pool and commander of SpaceX’s Fram2 private astronaut flight, has been named for Starship’s first interplanetary human spaceflight mission, a planned Mars fly-by that places a cryptocurrency entrepreneur at the centre of one of the most ambitious commercial space ventures yet announced. The mission is designed as a two-year journey beyond the Earth-Moon system, flying past Mars before returning […]
Arabian Post Staff -Dubai Abu Dhabi’s exit from OPEC has placed the UAE at the centre of a wider debate over how Gulf producers should manage oil wealth as long-term demand faces pressure from the energy transition. Anwar Gargash, diplomatic adviser to President Sheikh Mohamed bin Zayed Al Nahyan, said the decision was shaped over three years and reflected the leadership’s view that the world is approaching […]
The 2026 Sunday Roast Guest Chef Series runs across selected Sundays from February to October, with further dates expected for November and December. Priced at HK$898 per guest, plus a 10 per cent service charge, the programme gives each participating restaurant one Sunday to reinterpret the classic British roast through its own cuisine, while retaining the familiar three-course structure of starter, roast or seafood main, and dessert.
The format reflects a wider shift in Hong Kong’s premium dining scene, where luxury hotels are moving beyond standard brunch buffets and using chef-led collaborations to attract diners who want novelty, scarcity and recognised culinary talent. For Lobster Bar & Grill, long associated with seafood, grills, cocktails and live jazz, the series also positions brunch as a curated dining event rather than a routine weekend offering.
The 2026 line-up began with NOI on 8 February, bringing contemporary Italian cooking shaped by Chef Paulo Airaudo’s wider culinary approach and Hong Kong-based Chef Luigi Troiano’s execution. It continued on 15 March with 22 Ships, known for modern Spanish flavours under Chef Antonio Oviedo, and on 12 April with Yong Fu Hong Kong, whose Ningbo seafood cooking added a refined Chinese coastal identity to the Sunday roast template.
The next phase brings Neighborhood on 31 May, Leela on 28 June and Cristal Room by Anne-Sophie Pic on 19 July. Neighborhood, led by Chef David Lai, enters the series with strong recognition from both Michelin and Asia’s 50 Best Restaurants, where it ranked No. 24 in the 2026 list. Its reputation rests on market-led European bistro cooking, generous sharing dishes and a style that combines technical control with an understated dining room culture.
Leela, led by Chef Manav Tuli, adds a modern interpretation of regional cooking from India, using refined technique, spice layering and tandoor-led elements. Its participation broadens the series beyond European and Chinese traditions, giving the roast format a more expansive culinary identity at a time when Hong Kong diners are showing stronger interest in regional specificity and chef-driven storytelling.
Cristal Room by Anne-Sophie Pic brings the strongest fine-dining profile in the May-to-July phase. The Landmark restaurant, guided in Hong Kong by Chef Marc Mantovani, earned two Michelin stars in the 2026 Hong Kong and Macau guide. Its contribution is expected to bring a more composed French approach to the format, with emphasis on precision, balance and luxury ingredients.
Lobster Bar & Grill’s regular Sunday roast brunch already leans towards abundance, with appetisers such as lobster bisque, smoked salmon and steak tartare, followed by individually plated roast or seafood choices. Signature sides include duck-fat roasted potatoes and honey-glazed carrots, while desserts include banoffee pie, triple chocolate mud pie and seasonal creations. The guest-chef model keeps those anchors intact while allowing each collaborator to alter the flavour profile.
Executive Sous Chef Cary Docherty remains central to the concept. His role is not merely to host outside chefs, but to co-create menus that fit the kitchen’s seafood-and-grill identity while allowing each restaurant’s style to remain visible. That balance is crucial: too much hotel polish could dilute the individuality of the guest chefs, while too much experimentation could alienate diners expecting the comfort of Sunday roast.
The commercial logic is clear. Hong Kong’s dining market remains crowded, and premium hotel restaurants face intense competition from independent restaurants, private clubs and destination bars. A one-day-only brunch creates urgency, encourages repeat visits and lets diners access high-profile kitchens in a less formal setting than full tasting menus. For visiting chefs and independent restaurants, the collaboration offers exposure to a hotel audience with strong spending power.
Located on Level 6 of Pacific Place on Supreme Court Road in Central, Lobster Bar & Grill benefits from a business-district address and the broader Island Shangri-La dining ecosystem. Its Sunday and public holiday brunch service runs from 11.45am to 3.30pm, with last orders at 2.30pm, giving the collaboration format a defined weekend window rather than an open-ended promotional run.
Grayscale Investments has moved a step closer to launching a spot exchange-traded fund tied to Hyperliquid’s HYPE token after submitting a third amended S-1 registration statement to the US Securities and Exchange Commission, sharpening market expectations that regulated access to one of the fastest-growing decentralised trading ecosystems may be nearing approval. The proposed Grayscale HYPE ETF would trade on Nasdaq under the ticker GHYP if cleared by […]
OKX is moving beyond digital assets into oil-linked derivatives through a partnership with Intercontinental Exchange, marking a fresh step in the convergence of crypto trading platforms and traditional commodity markets. The crypto exchange plans to introduce perpetual futures contracts tied to ICE Brent Crude and ICE WTI Crude benchmarks, giving eligible users exposure to two of the world’s most closely watched oil price references without using conventional […]
Hyperliquid’s HYPE token has pushed beyond its former record, turning a sharp 24-hour rally into one of the most closely watched moves in the digital-asset market as trading volumes, exchange activity and listed-product demand converge around the decentralised derivatives platform. HYPE traded above $62 after gaining strongly through the week, surpassing the previous peak near $59 set in September 2025. The move lifted the token into the […]
Binance has launched a SpaceX-linked pre-IPO perpetual futures contract, giving crypto traders synthetic exposure to one of the world’s most closely watched private companies before any public share sale is completed. The product began trading on May 21 under the SPCXUSDT ticker, marking Binance’s first move into a new class of pre-listing derivatives tied to private-market valuations. The contract is settled in USDT and tracks Space Exploration […]
By Dr. Gyan Pathak Annoyed by the voice of the voiceless cockroaches on Social Media platform X, the Union Government of India led by PM Narendra Modi got their account banned in the country. Thanks to the Chief Justice of India Surya Kant’s one of the comments on May 15, 2026, that had triggered the […]
The article Modi Government Banned The Voice Of The Voiceless Cockroaches On X appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Take-Two Interactive has moved to quiet speculation over another Grand Theft Auto VI delay, reaffirming that Rockstar Games’ blockbuster open-world title remains scheduled for release on 19 November 2026. The confirmation, issued alongside Take-Two’s fiscal 2026 results, places the game at the centre of the company’s next financial year and signals that management is still planning around one of the most consequential launches in entertainment. Chief executive […]
Singapore business leader Teo Siong Seng has been accused by US prosecutors of taking part in a multi-year conspiracy to restrict output and fix prices of standard dry shipping containers, a case that places one of the city-state’s most prominent maritime figures at the centre of a major antitrust action. The indictment names four container manufacturing companies and seven executives in an alleged scheme that prosecutors say […]
Washington’s derivatives regulator and the National Hockey League have signed a memorandum of understanding to share information and co-ordinate oversight of prediction markets tied to professional hockey, extending federal scrutiny over a fast-growing sector that sits between financial derivatives, sports data and gambling regulation. The agreement, signed by Commodity Futures Trading Commission Chairman Michael S. Selig and NHL Commissioner Gary Bettman on 21 May 2026, creates regular […]
