Economy
President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the US central bank on Thursday, criticizing the cost of renovating two historical buildings at its headquarters and pressing the case for lower interest rates. Trump, who called Powell a “numbskull” earlier this
Economy
Donald Trump sent letters to 14 countries, mainly in Asia, informing them that higher import tariffs will kick in on August 1 unless they reach a deal with the United States. It is the second time the US president has set a deadline after he postponed tariffs on almost all
Economy
US President Donald Trump on Sunday said that countries aligning themselves with the “Anti-American policies” of BRICS, will be charged an additional 10 percent tariff. “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10 percent Tariff. There will be no exceptions to this
Economy
The world is facing the “most complex” geopolitical situation seen in decades, the head of the World Economic Forum (WEF) told AFP Tuesday, warning that turmoil was “impacting global growth.” “It is the most complex geopolitical and geo-economic backdrop we’ve seen in decades,” WEF President and CEO Borge Brende
Economy
Brent crude prices pared gains from the previous session and fell nearly $2 on Friday after the White House delayed a decision on US involvement in the Israel-Iran conflict, but they were still poised for a third straight week in the black. Brent crude futures fell $1.89, or 2.
Economy
Oil prices eased in Asian trade on Wednesday, after a gain of 4 percent from the previous session, as markets weighed the chance of supply disruptions from the Iran-Israel conflict against a US Federal Reserve rates decision that could weigh on oil demand. Brent crude futures slipped 49 cents, or
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.