HONG KONG: Crude prices surged Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears.While safe haven gold pushed almost two percent higher, the news from CNN appeared to be having little detrimental effect on Asian […]
President Donald Trump on Monday signed a sweeping executive order aimed at slashing prescription drug prices in the United States, giving pharmaceutical companies a 30-day deadline to cut costs or face action.“Starting today, the United States will no longer subsidise the healthcare of foreign countries… and we’ll no longer tolerate profiteering and price gouging from […]
Representative image (AP) Almost every month, there’s another announcement about how various Gulf states will spend mind-blowing sums of money, hundreds of billions of dollars, if not trillions, in deals made with the new Trump administration in the US.In January, Saudi Arabia said it would broaden investments into, and trade with, the US to over […]
President Trump will sign an executive order on Monday aimed at lowering some drug prices in the United States by aligning them with what other wealthy countries pay, he said on Truth Social on Sunday evening. The proposal he described, which alone cannot shift federal policy, is what he calls a “most favored nation” pricing […]
MELBOURNE: Vote counting has begun in Australia’s general election after polling stations closed across the country. Counting is well underway in the east, where polls closed two hours earlier. Prime Minister Anthony Albanese and his rival Peter Dutton began campaigning on Saturday in the electorally crucial city of Melbourne. Albanese later returned home to Sydney […]
Representative Image (AI) PARIS: French luxury group Hermes said Thursday it would hike its prices in the United States to offset the impact of 10-percent import tariffs imposed by President Donald Trump.Famous for its Birkin handbag, silk scarves and leather goods, the increases would take effect on May 1, said the group’s finance chief, Eric […]
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump’s sweeping tariff plans have triggered growing anxiety among Americans, with many blaming his policies for worsening economic conditions, even as most Republicans continue to back his strategy. According to a CBS News/YouGov poll, the country remains sharply divided on whether Trump has […]
Russia on Monday said that the global oil market is experiencing significant volatility following the United States’ implementation of “Liberation Day” tariffs on numerous countries. Trading data shows that on London’s ICE, Brent crude oil futures contracts for June 2025 delivery fell below $63 per barrel at 10.08 am Moscow time (7.08 am GMT), marking […]
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump defended himself on Wednesday against criticism over high egg prices, claiming he had no role in the surge. Speaking at highly anticipated ‘Make America Wealthy Again’ event where he announced the reciprocal tariffs over other countries, Trump briefly spoke about egg prices […]
As of April 1, the federal consumer carbon price in Canada comes to an end, and Canadians may see a noticeable change at the gas pump. Patrick De Haan, head of petroleum analysis at GasBuddy.com, shared with Global News that the cessation of the carbon tax could lead to a significant decrease in gas prices. […]
