Trump’s punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and driven worldwide stocks sharply downward. The S&P closed below 5,000 for the first time in nearly a year on Tuesday and is nearing a bear market, defined as 20% below its most recent high. S&P 500 […]
A total of 35,778 commercial registrations that have expired or discontinued operations have been canceled, according to the Ministry of Commerce, Industry, and Investment Promotion. The action was taken as part of market regulation measures to make sure that all active commercial registries reflect legitimate businesses and follow the law. The Ministry noted that sole […]
According to Jeddah Airports Company CEO Eng Mazen Johar, the careful execution of operational plans during the current peak Umrah season helped to expedite Umrah processes and shorten wait times in the procedures area. This was in keeping with the increasing number of pilgrims using the airport terminals to make the Umrah. Eng. Johar said […]
Rescue crews were working to pull out people still believed to be trapped under the rubble, said Juan Manuel Mendez, head of the Dominican Republic’s emergency operations center. President Luis Abinader said the dead included Nelsy Cruz, governor of the northern Monte Cristi province. “We deeply regret the tragedy,” he wrote on X, adding that […]
Still, Samsung, the world’s top TV maker, will continue to watch the changing U.S. tariff policy, and depending on tariffs, it plans to allocate production accordingly across about 10 production bases around the world, said Yong Seok-woo, president of the visual display business at Samsung. Mexico largely escaped Trump’s new 10% global baseline tariff and […]
Brent Neiman, who was a US Treasury official under former president Joe Biden, co-authored a 2021 paper on the impact of tariffs on prices in the United States. The paper was cited by the US Trade Representative (USTR) in a statement released last week explaining the calculations behind the major import tariffs announced by Trump […]
President Donald Trump said that the US would start direct talks with Iran over its nuclear programme on Saturday, warning that the Islamic Republic would be in “great danger” if the negotiations failed. Tehran confirmed the discussions set to take place in Oman but stressed they were “indirect” talks. “As the country that unilaterally withdrew […]
Confirmation of Araghchi’s attendance came after the minister wrote on X that Iran and the United States would hold “indirect high-level” talks in Oman on Saturday, with US President Donald Trump announcing talks with Tehran. On March 7, Trump said he had written to Iran’s supreme leader Ayatollah Ali Khamenei calling for negotiations and warning […]
In a 2-1 vote, the 4th U.S. Circuit Court of Appeals stayed the March 24 preliminary injunction issued by U.S. District Judge Deborah Boardman in Greenbelt, Maryland, while the government pursues its appeal. The Richmond, Virginia-based appeals court separately voted 8-7 against taking up the matter “en banc,” meaning all active judges would decide. A […]
Trump upended the world economy last week with sweeping tariffs that have raised the spectre of an international recession, but has ruled out any pause in his aggressive trade policy despite a dramatic market sell-off. Beijing — Washington’s major economic rival — responded by announcing its own 34 percent duties on US goods to come […]
