The hike comes after the White House kept the pressure on the world’s No.2 economy by singling it out for an additional tariff increase
Bullion rose more than 1 per cent to scale an all-time peak of $3,219.84 earlier in the session, and has gained around 5 per cent this week
The talks will focus on trade in goods, services, investment and deepening cooperation in strategic sectors
Analysts have warned that US prices of iPhones could surge, given Apple’s high reliance on imports from China, the main manufacturing hub of the devices
The upheaval erased trillions of dollars from stock markets and led to an unsettling surge in US government bond yields
But US stock futures and the dollar missed out on Thursday’s relief rally
The AI models occasionally altered decisions based on patients’ personal characteristics, affecting priority for care and diagnostic testing
Oil prices dropped to their lowest in more than four years on looming demand concerns fuelled by the tariffs war between the US and China
US and China are stuck in an unprecedented, and expensive, game of chicken, and it seems that both sides are unwilling to back down
The data, for US companies with market capitalization $1bn and greater, showed short sellers’ gains for 2025 through Monday at $189bn
The S&P 500 and FTSE plunged over 10 per cent and 6 per cent respectively after Trump’s announcement
The ministry issued a warning, stating that any delays beyond the specified date will be considered a violation
The Ministry of Interior also emphasised the importance of strict adherence to the rules imposed on Hajj and Umrah service providers
Spot gold was down 0.3 per cent at $3,027.90 an ounce as of 0331 GMT, after dropping over 1 per cent earlier in the session to its lowest
The Nasdaq confirmed it was in a bear market, ending more than 20 per cent below its record high close
Trump introduced the card while onboard Air Force One, with his own face appearing on its front
Sugar prices also fell, caught in the melee of tariffs as the US is also one of the world’s top sugar importers
The penalties announced by Trump on Wednesday triggered a plunge in world financial markets on Thursday and drew condemnation from other leaders
The Nikkei index was down 3.6 per cent at 33,474.56, and on course for a weekly decline of nearly 10 per cent
The sweeping penalties announced against the serene backdrop of the White House Rose Garden on Wednesday immediately unleashed turbulence across world markets
The airline introduces this service after nearly four decades of transporting people and goods worldwide
Visa has made a bold push to secure the Apple Card, offering an upfront payment typically reserved for the largest card programs
The vastness of Magna’s facility in Michigan underscores its role as a key cog in the intricate global auto supply chain
The president said the trip will centre on securing more than $1tn in investment into the US economy
The UAE Council for Fatwa had deployed AI-powered drones to sight the Shawwal crescent moon for the year 1446 AH
The updated symbol has two horizontal lines representing the currency’s stability
Based in Dubai South – a 145 square kilometre master-planned city near Al Maktoum International Airport – BT Properties is betting big on one of the emirate’s most promising growth corridors
Tesla’s launch event in Riyadh, scheduled for April 10, will display its EVs and products powered by solar energy
Aviation has long recognised the batteries as a safety concern, and rules are periodically tightened in response to accidents
March 30 is expected to be the first day of Eid al-Fitr 1446 AH in Qatar