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 the largest US base in the Middle East. Israel's surprise attack on Hamas leaders in Doha on Tuesday has shaken the relationship, angered Trump, and drawn strong condemnation from Doha and its Western allies. Ordered by Israeli Prime Minister Benjamin Netanyahu and targeting the Palestinian militant group's political offices, the attack killed a Qatari security agent and five others, but failed...
U.S. President Donald Trump said on Wednesday that Canadian Prime Minister Mark Carney reached out ahead of an August 1 tariff deadline, but no conversations between the two took place. Trump has warned that any country that does not strike a deal with the U.S. before Friday will be subjected to higher tariffs imposed on goods, which for Canada could mean a 35% rate on all products not covered by the U.S.-Mexico-Canada trade agreement. "We haven't spoken to Canada today. He's (Carney) called and we'll, we'll see," Trump told reporters during an event at the White House. Carney's office...
After speaking to Mexican President Claudia Sheinbaum on the phone on Thursday, United States (US) President Donald Trump said that Mexico will continue to pay a 25% fentanyl tariff, 25% tariff on cars, and 50% tariff on steel, aluminum, and copper. "Mexico has agreed to immediately terminate its non tariff trade barriers," Trump noted and added that they will talk to Mexico over the next 90 days with the goal of signing a trade deal, confirming an extension of the current agreement. Source: Fxstreet
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, rose to 2.6% in June from 2.4% in May (revised from 2.3%), the US Bureau of Economic Analysis reported on Thursday. This figure was above market expectations of 2.5%. The core PCE Price Index, which excludes volatile food and energy prices, rose 2.8% in the same period, matching May's increase and exceeding analysts' expectations of 2.7%. The PCE Price Index and the core PCE Price Index both rose 0.3% on a monthly basis. Other details from the report showed that...
According to a report from the US Department of Labor (DOL) released on Thursday, the number of Americans filing new applications for unemployment insurance increased to 218,000 for the week ending July 26. The latest figure was lower than the initial estimate (224,000), while the previous week's figure was 217,000. The report showed a seasonally adjusted insured unemployment rate of 1.3%. Furthermore, the four-week moving average decreased by 3.5,000, to 221,000 from the previous week's unrevised average. Furthermore, Continuing Jobless Claims remained at 1.946 million for the week ending...
President Donald Trump again criticized Federal Reserve Chairman Jerome Powell after the central bank declined to cut interest rates, ending a brief easing of tensions. "jerome ‘late' powell is at it again!!! he is too late, and even too angry, too stupid, & too political, to be fed chairman," trump wrote on his social media platforms on thursday, slamming the bank for holding interest rates steady. and trump again criticized powell over the central bank renovation construction project that has angered the president and his allies over cost overruns, just a week after he toured the...
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.
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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...