United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan's tour of Gulf countries is aimed at coordinating positions after Tuesday's Israeli attack on Hamas leaders in Doha, his diplomatic adviser said on Thursday. "The President's Gulf tour reflects a deep conviction in strengthening coordination and cooperation, and in reinforcing the concept of a common destiny," Anwar Gargash said in a post on X. Israel attempted on Tuesday to kill Hamas political leaders in an airstrike on the Qatari capital, escalating its military campaign in the Middle East and prompting a flurry of...
President Donald Trump said the US has more leverage over China on trade than the other way around, citing airplane parts as a key item Washington has to counter Beijing's restrictions on rare earths. "We have much bigger and better cards than they do," he said Monday. "If I played those cards, that would destroy China. I'm not going to play those cards." China halted most shipments of rare-earth magnets to the US in April, weaponizing the nation's 90% grip on global production to squeeze American factories. Beijing agreed to normalize flows as part of a trade truce...
U.S. President Donald Trump said on Monday evening that Federal Reserve Governor Lisa Cook was to be removed from her post, effective immediately, alleging that she made false statements in two mortgage applications. Trump, in a letter released to social media, said that there is "sufficient cause" for Cooke's removal. "There is sufficient reason to believe (Cook) may have made false statements on one or more mortgage agreements," Trump said in a letter, alleging that Cook declared two separate properties as her primary residences in two separate mortgage agreements signed within weeks of...
U.S. President Donald Trump expressed his desire to meet with North Korean leader Kim Jong Un this year. Speaking to reporters on Monday before a meeting with South Korean President Lee Jae Myung at the White House, Trump highlighted his relationship with the North Korean leader. "I have a very good relationship. I understand them. I spent a lot of free time with them, talking about things that we probably aren't supposed to talk about. And you know, I just, I get along with him really well. I think he has a country of great potential, tremendous potential," Trump said. When asked...
United States (US) President Donald Trump swung for the fences on Monday, touching on a broad range of subjects during a joint press conference with South Korean President Lee Jae Myung. In between delivering remarks on the Korean peninsula, Donald Trump fashioned himself as the ultimate peace broker for multiple countries, and mused about having South Korea voluntarily give up sovereign land to the US. President Trump also touched on international trade, insisting that US Crude Oil products are critical to South Korea, which overwhelmingly has its energy demands met by trade with China and...
Sales of new single-family homes in the United States eased by 0.6% from the previous month to a seasonally adjusted annualized rate of 652,000 units in July of 2025, trimming the revised 4.1% increase in the earlier period and above market expectations of a 630,000 sold homes. Regionally, sales fell sharply in the Mid-west (-6.6% to 85,000) and the South (-3.5% to 388,000), offsetting growth in the West (11.7% to 153,00). In turn, new home sales remained unchanged in the Northeast (at 26,000). In the meantime, the number of unsold homes on the market also fell by 0.6% to 499,000,...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...