Business

Trump hits 90-day pause on most global Tariffs, excluding China — What this means for Global Trade

President Donald Trump announced an unexpected 90-day pause on most of the “reciprocal” tariffs previously imposed on various countries, except for China.

Global markets plunge as Trump’s tariff war escalates: S&P 500, Dow suffer historic losses

Global stock markets experienced a dramatic downturn on Friday, marking the worst crisis since the COVID-19 pandemic began. In response to President Donald Trump’s latest tariff hikes, China retaliated with its own set of tariffs on U.S. products, propelling the...

Trump announces sweeping tariffs, sparking fears of global trade war and sending global stocks plunging

U.S. President Donald Trump has announced a sweeping set of tariffs aimed at reshaping global trade.

Trump agrees to pause tariffs on Canada and Mexico for 30 days but not on China

U.S. President Donald Trump has agreed to delay imposing 25% tariffs on Canada and Mexico for 30 days after reaching separate agreements with the two North American neighbors, easing trade tensions. The 30-day reprieve came after both Canada and Mexico...

Global markets slide as Trump announces new tariffs on Canada, Mexico and China

Stocks in Europe and Asia fell sharply after US President Donald Trump imposed tariffs on Canada, Mexico, and China, while also vowing to target the European Union.

OpenAI, SoftBank and Oracle to invest $500 billion in AI infrastructure project in US

American President Donald Trump revealed a new partnership involving OpenAI, Oracle, and SoftBank, which aims to invest up to $500 billion in infrastructure projects related to artificial intelligence.

Honda, Nissan and Mitsubishi begin talks to create world’s 3rd largest automaker

Honda and Nissan have formally entered talks on a possible merger by summer 2026, a deal that would create the world’s third-largest automaker.

Saudi Arabia set to become a global tourism powerhouse

Saudi Arabia is ready to become a global tourism powerhouse by securing the rights to host two major events, the 2034 FIFA World Cup and the 2030 World Expo. “The next decade we’ll host two of the largest events,” said...

Oman Investment Authority acquires stake in Elon Musk’s xAI

The Oman Investment Authority (OIA) has announced a strategic investment in xAI, the artificial intelligence company founded by Elon Musk.

World’s 25 Richest Families in 2024: Waltons claim the top spot, UAE royalty ranks second

The Walton family, renowned for founding retail giant Walmart, has been crowned the wealthiest family in the world
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Turkiye, Pakistan and Saudi Arabia agree to establish secretariat for Mecca Joint Defense Agreement

Turkiye, Pakistan and Saudi Arabia have taken the first formal steps to institutionalize their new mutual defense arrangement, agreeing to establish a permanent secretariat in Saudi Arabia
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