Economy
Oil prices eased on Thursday, reversing gains made earlier in the Asian trading session, as market participants assessed a US decision to move personnel from the Middle East ahead of talks with Iran over the latter’s nuclear-related activity. Brent crude futures were down 49 cents, or 0.7 percent,
Economy
Fireworks lit up the night sky over Beirut’s famous St. Georges Hotel as hit songs from the 1960s and 70s filled the air in a courtyard overlooking the Mediterranean Sea. The retro-themed event was hosted last month by Lebanon’s Tourism Ministry to promote the upcoming summer season and
Economy
S President Donald Trump said Friday that he would double steel and aluminum import tariffs to 50 percent from next week, the latest salvo in his trade wars aimed at protecting domestic industries. “We’re going to bring it from 25 percent to 50 percent, the tariffs on steel into
Economy
President Donald Trump’s administration is considering a stopgap effort to impose tariffs on large parts of the global economy under an existing law that includes language allowing for tariffs of up to 15 percent for 150 days, the Wall Street Journal reported on Thursday, citing people familiar with the
Economy
President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in “good faith” on deals, Treasury Secretary Scott Bessent said in television interviews on Sunday. He did not say what would constitute “good faith” negotiations or clarify the timing to
Economy
The Syrian government and DP World signed a memorandum of understanding worth $800 million to develop Syria’s port of Tartous, Syrian state news agency SANA said on Friday, after the lifting of USsanctions cleared the way for the deal. The deal to develop, manage and operate a multi-purpose terminal
Economy
US President Donald Trump and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani agreed deals in Doha on Wednesday that the White House said were worth $1.2 trillion, including a massive order from Qatar Airways to buy Boeing aircraft. Qatar Airways will buy up to 210 Boeing 777X and
Economy
US President Donald Trump and British Prime Minister Keir Starmer on Thursday announced a limited bilateral trade agreement that leaves in place Trump’s 10 percent tariffs on British exports, modestly expands agricultural access for both countries and lowers prohibitive US duties on British car exports. The “general terms” agreement
Economy
US President Donald Trump signed a pair of orders to soften the blow of his auto tariffs on Tuesday with a mix of credits and relief from other levies on materials, and his trade team touted its first deal with a foreign trading partner. The developments helped eased some investor
Economy
Crude oil prices fell on Tuesday as investors lowered their demand growth expectations due to the ongoing trade war between the US and China, the world’s two biggest economies. Brent crude futures fell by 78 cents, or 1.18 percent, to $65.08 per barrel by 10:49 a.
Economy
Oil prices ticked up on Thursday after falling nearly 2 percent in the previous session, with investors weighing a potential OPEC+ output increase against conflicting tariff signals from the White House and ongoing US-Iran nuclear talks. Brent crude futures rose 8 cents, or 0.12 percent, to $66.20 a
Economy
Oil prices retreated on Thursday as US President Donald Trump ramped up a trade war with China, even as he announced a 90-day pause on tariffs aimed at other countries. Brent futures fell 39 cents, or 0.6 percent, to $65.09 a barrel by 9:30 a.m. Saudi
Economy
Oil prices fell further in early Asian trade on Friday, and were on track for the worst week in months over US President Donald Trump’s new tariffs, stoking concerns over a global trade war that could weigh on oil demand. Brent futures fell 60 cents, or 0.86 percent,
Economy
Oil prices steadied in thin trading on Wednesday after falling in the previous session on concerns that new US tariffs, set to be unveiled at 11:00 p.m. Saud time, may deepen a global trade war that could limit crude demand. Brent futures were unchanged at $74.49 a
Economy
Gold hit a record high and was set to post its biggest quarterly gain in over 38 years on Monday, as concerns over US President Donald Trump’s tariff plans widening the global trade war and triggering an economic slowdown boosted bullion’s appeal. Spot gold jumped 1.1 percent
Economy
US President Donald Trump declared on Saturday that he “couldn’t care less” if automakers increase car prices for Americans in the wake of his imposition of import tariffs. There have been reports that Trump threatened auto executives with reprisals if prices jump, but he told NBC News that increasing