Oil prices fell as the prospects of a ceasefire lessened one potential disruption to world supplies
Some Democrats want a deal on ACA healthcare subsidies in place before open enrollment for next year begins on November 1
All countries not specifically listed in the annex will face a flat 10% duty increase
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
There was no confirmation from Israel and the Israeli military said two volleys of missiles were launched from Iran towards Israel in the early hours of Tuesday
Trump named the three nuclear sites targeted as Natanz, Isfahan and Fordow
G7 leaders from Britain, Canada, France, Germany, Italy, Japan, and the US, along with the European Union, have convened in Canada this week
The European Union has been pushing for a jointly agreed framework text for the talks but the two sides remain too far apart
It reflects the Trump administration’s confidence that the chips can be managed securely, in part by requiring data centres be managed by US companies.
The Abu Dhabi-based airline said the planes were expected to join the fleet starting in 2028
F-15SA aircraft flanked Air Force One as it approached King Khalid International Airport, in a show of military pageantry
Motorists have been advised to avoid several roads, particularly around the Diplomatic Quarter and central Riyadh
Business leaders including Elon Musk, BlackRock CEO Larry Fink and Citigroup CEO Jane Fraser will also be on the trip
The world’s two largest economies said they would suspend most of the punitive tariffs that have battered global trade flows
Trump’s second-term “America First” agenda has alienated friends and emboldened adversaries
For the Chinese imports, the exclusion of the tech products applies only to Trump’s reciprocal tariffs, which climbed to 125 per cent this week
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
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
The S&P 500 and FTSE plunged over 10 per cent and 6 per cent respectively after Trump’s announcement
Japan’s Nikkei sank 6.6 per cent to hit lows last seen in late 2023, while South Korea dropped 5 per cent
The benchmark Tadawul All Share Index (TASI) tumbled 6.1 per cent — more than 700 points — to below 11,200 on Sunday
The Nasdaq confirmed it was in a bear market, ending more than 20 per cent below its record high close
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
As Asia digested the news, Japan’s Nikkei share index slumped to an eight-month low, with US and European stock futures also diving
The tariff regime, described by Trump as a “universal baseline tariff”, aims to set a flat 10 per cent import tax on all goods entering the US
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
The sweeping penalties announced against the serene backdrop of the White House Rose Garden on Wednesday immediately unleashed turbulence across world markets
The vastness of Magna’s facility in Michigan underscores its role as a key cog in the intricate global auto supply chain