July 8, 2025
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What would happen to UAE and global energy markets if Iran closed the strait of Hormuz? | World News

Closing the Strait of Hormuz would block 21 million barrels of oil and 20% of global LNG exports daily, disrupting supplies from the UAE, Qatar, and other Gulf nations/ Image: (File) Tensions in the Middle East have once again spotlighted the Strait of Hormuz, a critical chokepoint in global energy supply. Amid rising friction between […]

Betting markets predict how many gold cards Donald Trump will be able to sell in 2025

Trump gold card has not yet been launched but Howard Lutnick makes tall claims about the citizenship cards. Prediction market Kalshi is betting high on how many gold cards President Donald Trump will be able to sell in 2025, as the program is likely to be rolled out soon. At $5 million, these gold cards […]

Sensex Climbs Over 1,000 Points, Crosses 80,000-Mark

Mumbai: Equity benchmark indices Sensex and Nifty rebounded on Monday amid continued foreign fund inflows. The 30-share BSE benchmark gauge jumped over 1,000 points and crossed the 80,000-mark, while the NSE Nifty rallied more than 300 points to 24,340 as of 12:30 pm. Reliance Industries, Mahindra & Mahindra, ICICI Bank, Tata Steel, State Bank of India, […]

No fruits, vegetables, milk or meat left in Gaza markets as WFP runs out of food stocks

UN food agency says its food stocks in Gaza have run out under Israel’s blockade. (AP photo) The World Food Programme has exhausted its food reserves in the Gaza Strip during Israel’s nearly eight-week blockade, terminating a vital source of sustenance for hundreds of thousands of Palestinians. The WFP announced that it has distributed its […]

Asian shares plunge as US markets reverse gains, Japan’s Nikkei down 5.6%: 10 things to know

NEW DELHI: Asian markets on Friday slumped with Tokyo’s Nikkei 225 nosediving over 5.6% in early trade, as investors reacted to mounting fears that the US-China trade war is spiralling out of control. The fresh jitters come a day after Wall Street erased much of its historic rally, triggered earlier in the week by President […]

Trump Media: Trump Media expands to Canada and Mexico as tariff chaos engulfs world markets, stock rises 3.2%

File photo: US President Donald Trump (Picture credit: AP) Trump Media & Technology Group (TMTG), the company behind US President Donald Trump’s Truth Social platform, has officially launched its mobile and streaming services, Truth Social and Truth+ TV, in Canada and Mexico, marking its first major international expansion.According to Forbes, TMTG CEO Devin Nunes announced […]

Kevin Hassett Trump Tariff Pause: Trump govt accused of ‘manipulating markets’ through 90-day tariff pause rumor: Here’s what happened

Markets turned green riding on rumors that Trump would consider a 90-day pause on tariffs. Stock markets turned green for a brief moment Monday morning after reports claimed that President Donald Trump is not ruling out a pause on the tariffs. To be more specific, it was reported that a 90-day pause is what the […]

‘Don’t be weak, stupid’, Donald Trump tells Americans minutes before US markets open in deep red

US President Donald Trump US President Donald Trump on Monday said that America could have done something decades ago, referring to his tariff reforms, and asked people not to be weak and stupid. These remarks came just a few minutes before the New York stock market crashed, where the S&P 500 opened 3.2% lower.“The United […]

Global stock markets tumble amid tariff war; Japan, China and India hit hard: 10 things to know

NEW DELHI: A global market rout intensified Monday following US President Donald Trump’s announcement of sweeping tariffs and Beijing’s retaliation with 34% duties on all US imports starting April 10.Stock markets across Asia plunged sharply, with investor sentiment collapsing as fears of a global trade war took hold. Analysts say over $9 trillion in market […]

‘You have to take medicine to fix something’: Donald Trump after global markets tumble

US President Donald Trump (Pic credit: AP) US President Donald Trump on Sunday doubled down on his decision to impose sweeping tariffs on imports from around the world, saying he would not back off unless trade imbalances with the US were addressed. Speaking to reporters aboard Air Force One, Trump acknowledged the economic uncertainty caused […]