Trump to reduce impact of auto tariffs, Commerce secretary says

Trump to reduce impact of auto tariffs, Commerce secretary says

[WASHINGTON] US President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said. “President Trump is building an important partnership with both the domestic automakers and…

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Three Abu Dhabi giants plan stablecoin backed by UAE’s currency

Three Abu Dhabi giants plan stablecoin backed by UAE’s currency

Growing popular worldwide, stablecoins are typically pegged to traditional currencies, which makes them less vulnerable to price volatility like other digital tokens, such as Bitcoin Published Tue, Apr 29, 2025 · 06:38 AM [CAIRO] Three major Abu Dhabi entities, including a sovereign wealth fund, plan to launch a stablecoin fully regulated by the central bank…

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Brent crude oil prices drop on demand fears

Brent crude oil prices drop on demand fears

[HOUSTON] Brent crude oil prices fell more than US$1 a barrel on Monday morning as economic worries from the US-China trade war were pressuring demand. Brent crude futures settled at US$65.86 a barrel, down US$1.01, or 1.51 per cent. US West Texas Intermediate crude finished at US$62.05 a barrel, down 97 cents or 1.545 per cent. Brent…

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Europe: Shares end higher ahead of week’s data, earnings

Europe: Shares end higher ahead of week’s data, earnings

EUROPEAN shares extended gains on Monday, with most sub-indexes rising, as investors remained optimistic about US-China trade tensions easing ahead of the week’s earnings and economic data. The pan-European Stoxx 600 index ended 0.53 per cent higher at 523.19 points, its fifth winning session in a row – a feat last seen in January. Beijing on Friday…

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