Latest economy news, business developments, financial market updates, investment insights, entrepreneurship trends, and expert economic analysis from the Arab World and around the world. Stay informed about the economic issues shaping businesses, industries, markets, and public policy.
With pressure mounting from an internal investigation, Labor Secretary Lori Chavez-DeRemer met on Monday in the Oval Office with President Trump and Susie Wiles, the White House chief of staff, to tell them she planned to step down. Mr. Trump told her that was a good idea, a person with knowledge of the exchange said….
President Trump said on Tuesday that the United States was considering offering financial support to the United Arab Emirates, an oil-rich ally that has been contending with economic fallout from the war in Iran. The war has damaged oil and gas infrastructure throughout the Middle East, dealing a blow to economies that rely on the…
Oil prices have fallen from their peak after weeks of war have choked off the Persian Gulf, but gasoline prices are likely to descend more slowly. One of the reasons is Alex Weatherall. He owns a gas station in Sherborn, Mass., a small town about 45 minutes southwest of Boston. He refills his tanks about…
Traders have been betting millions of dollars shortly before US President Donald Trump makes big announcements throughout his second term. And communications relating to the Iran war are no exception. The BBC has looked into trade volume data that suggests several large bets were made shortly before Trump made market-moving statements. Nick Marsh has this…
As governments across the world restricted the movements of their citizens during Covid lockdowns from 2020, people spent more time online. We bought more online and socialised more online, and this brought us closer to the people who want to scam us. At the same time, realistic video impersonations, voices, websites, and texts became more…
Lawyers for President Trump on Friday asked a judge to extend a key deadline in his $10 billion lawsuit against the Internal Revenue Service, an attempt to give the Justice Department more time to figure out how to respond to the conflict-laden case. The Justice Department has yet to respond to Mr. Trump’s suit, which…
Roughly seven weeks into the war with Iran, investors have shrugged off the sky-high price of oil, sending the S&P 500 this week to a fresh record high. That exuberance on Wall Street has offered a sharp contrast with the hardships facing many Americans, who are feeling the financial blowback of a conflict that President…
More than a dozen American warships are patrolling the waters around the Strait of Hormuz to enforce a blockade of Iranian ports, aided by American fighter jets and surveillance aircraft. The goal is to force Iran to cave in to American demands by depriving the government in Tehran of its biggest single source of revenue…
From the start of the 2020s, American businesses have been formidable in maintaining and growing their profits. Despite a gantlet of challenges — a pandemic, tariffs, high inflation and wars in key commodity hubs — profits have leaped ahead. Corporate profits have reached a record share of the U.S. economy, data show. And a measure…
Treasury Secretary Scott Bessent claimed on Tuesday that it was difficult to determine the actual causes of climate change, dismissing decades of science that has attributed global warming to the burning of fossil fuels. He instead called on international financial institutions to focus their attention on economic growth and alleviating poverty. The comments came in…
