The United States would start imposing tariffs and other measures on Russia if Moscow showed no progress toward ending tensions in Ukraine
The presidential order listed higher import duty rates of 10 per cent to 41 per cent starting in seven days for 69 trading partners
Trump’s tariffs have prompted uncertainty across the market and concerns they could have a negative effect on the global economy and, consequently, on oil demand
This comes as US President Donald Trump said on Friday he will start talking to China on Monday or Tuesday about a possible TikTok deal
The dollar, which measures the US currency against six others, slipped to 96.612, its lowest since February 2022
The hostilities between the former allies intensified when the president criticised Tesla CEO Musk in the Oval Office
Former UK Deputy Prime Minister and Foreign Secretary, Dominic Raab, exclusively writes for Gulf Business on how the GCC can play a bigger global role in critical mineral supply chains
The European Union has been pushing for a jointly agreed framework text for the talks but the two sides remain too far apart
The leaders reviewed bilateral ties and explored ways to expand cooperation across sectors including investment, energy, advanced technology, artificial intelligence, and industry
Among the agreements was a memorandum of understanding for energy cooperation between Saudi Arabia’s Ministry of Energy and the US Department of Energy
A slate of high-profile business deals across Riyadh, Doha and Abu Dhabi are being unveiled this week
The United States and China had ended trade talks on a positive note on Sunday, with US officials touting a “deal” to reduce the US trade deficit
Cryptocurrency prices surged to a record high after his election win, but have fallen this year
This landmark project is the first and only Trump International Hotel & Tower in the Middle East
Trump’s second-term “America First” agenda has alienated friends and emboldened adversaries
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
The talks will focus on trade in goods, services, investment and deepening cooperation in strategic sectors
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
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 United States imposes a 2.5 per cent tariff on passenger vehicle imports, while India imposes 70 per cent, the White House said in a statement
Google sweetened its original offer for $23bn in July to $32bn, making it one of the largest tech deals ever
The world’s largest cryptocurrency has shed a quarter of its market value since mid-December
The executive order mandates the delivery of a comprehensive plan for the fund’s establishment within 90 days
Trump has said he will end the war in Ukraine as soon as possible and said he is ready to meet with Putin
Among those seated prominently were the three richest men in the world
Trump promised a “brand new day of American strength” at a rally on Sunday, January 19.
EDGNEX, a unit of DAMAC, will construct new data centres in Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana
Cryptocurrencies have been catapulted into the spotlight as investors wager on Trump’s friendlier stance
IATA projected an industry-wide net profit of $36.6bn in 2025, up from the $31.5bn expected in 2024