Shorouk Express Financial markets rebound in relief over Trump tariff pause The U.S. benchmark S&P 500 index closed 9.5 per cent higher on Wednesday in response to Trump’s U-turn and the relief continued into Asian trading on Thursday with Japan’s Nikkei index surging more than 8 per cent, while even Chinese markets like the CSI…
Shorouk Express The EU on Wednesday adopted its first measures hitting back at President Donald Trump’s tariff onslaught, targeting more than €20 billion of US products including soybeans, motorcycles and beauty products. The levies of up to 25 percent are retaliation for US duties on steel and aluminium imposed last month — with Europe’s response…
Shorouk Express Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email If Americans want new Christmas decorations this year, they will have to pay a lot more for them – if they can find…
Shorouk Express Trump promises to raise military budget to $1 trillion even as DOGE hacks other agencies to the bones “We’re going to be approving a budget, and I’m proud to say, actually, the biggest one we’ve ever done for the military,” Trump said Monday during a White House event with Israeli Prime Minister Benjamin…
Shorouk Express Starmer vows UK won’t be cowed by Trump’s tariffs For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails China has vowed to “fight till the end” in…
Shorouk Express Donald Trump’s new policies are causing chaos across the globe, and could even affect mortgage lending rates in Spain, making it more difficult to purchase a Spanish property in 2025. The effects of U.S. President Donald Trump increasing trade tariffs are having are far reaching across the planet, from possibly causing a global…
.jpg?trim=27,0,27,0&width=1200&height=800&crop=1200:800&w=600&resize=600,400&ssl=1 "Trump tariffs live: FTSE sinks in market chaos as fears of global recession")
Shorouk Express Sterling hits one-month low as investors flee to safe-havens The pound weakened against the dollar and the euro on Monday, as uncertainty grows around the possibility of a recession. Sterling fell to a new one-month low of $1.2825 on Monday. On Friday, it dropped roughly 1.5% – its biggest single-day drop since March…
Shorouk Express A French government spokesperson already said last week that the EU’s retaliation against U.S. tariffs could include “digital services that are currently not taxed.” That suggestion was fiercely rejected by Ireland, which hosts the European headquarters of several U.S. Big Tech firms. European Commission President Ursula von der Leyen has vowed to respond to…
Shorouk Express Economy ministers from Italy and Spain are calling for European governments to avoid confrontation with the U.S. over President Donald Trump’s tariffs, despite the biggest EU countries calling for a tougher stance. “We still are calling for a negotiated solution,” Carlos Cuerpo, Spain’s minister of economy, trade and business, said on Saturday. Giancarlo Giorgetti, Italian economy and…
Shorouk Express ‘A historic moment’: Trump tariffs bring in seismic shift in US trade President Donald Trump is breaking with decades of globalisation and pursuing protectionism, waging a global trade war on allies and enemies alike. How significant is this shift? For Carmen Reinhart, a former chief economist of the World Bank and professor at…
