LONDON: Britain’s economy expanded by a stronger-than-expected 0.3% in the second quarter, preliminary data from the Office for National Statistics (ONS) showed on Thursday, as resilient services activity offset weakness in production and lingering trade uncertainty. Economists polled by Reuters had forecast a modest 0.1% rise in gross domestic product (GDP) for the April-June period,…
Dow Jones climbs 207 points as investors shake off tariff fears; Apple leads tech rally with best week since 2020 NEW YORK: Stocks climbed Friday, capping a strong week for Wall Street as tech shares led the charge and investors shrugged off fresh tariff threats from President Donald Trump. The Nasdaq Composite rose 0.98% to…
Major Indexes Drop Amid Geopolitical Uncertainty U.S. stocks tumbled Tuesday afternoon as escalating tensions between Israel and Iran fueled fears of deeper U.S. involvement in the conflict, rattling investor confidence. The Dow Jones Industrial Average (DJI) plunged more than 300 points, or 0.8%, to 42,190 by 2:10 p.m. Eastern time, hovering near its session low. The S&P 500 (GSPC) slid 0.9%, while the Nasdaq Composite…
WASHINGTON: President Donald Trump on Friday signed an executive order approving U.S. Steel’s merger with Japan’s Nippon Steel, following a national security agreement that grants the U.S. government a “golden share” in the combined entity. The agreement, announced by both companies, includes $11 billion in Nippon investments by 2028 and commitments to maintain domestic production,…
But what is a trade war? At its core, it’s an economic battle where countries impose tariffs or trade barriers against each other, leading to cycles of retaliation. From higher consumer prices to disrupted supply chains, these conflicts reshape industries, strain diplomatic relations, and even alter the course of global markets. On April 9, 2025,…