Dubai Telegraph

Featured

Stocks swing following latest AI-fuelled sell-off on Wall St

Stocks fluctuated Wednesday following another tech-fuelled sell-off on Wall Street, while precious metals continued their recovery on dip-buying following a two-day collapse.

X hits back after France summons Musk, raids offices in deepfake probe

French prosecutors on Tuesday searched the Paris offices of Elon Musk's X as part of an investigation into alleged political interference and sexual deepfakes and summoned Musk in what the social media giant slammed as "politicized" raids.

Last news

Commerzbank commits to strategy as UniCredit ups direct stake

German lender Commerzbank said Wednesday it was committed to its strategy after Italian bank UniCredit formally upped its stake in its rival, laying the ground for a potential takeover bid.

Volkswagen US deliveries fall as Trump tariffs bite

Europe's largest automaker Volkswagen said Wednesday that sales into the United States had taken a hit, underscoring the impact of President Donald Trump's drastic trade measures.

Macron turns to politics on second day of UK state visit

French President Emmanuel Macron's state visit to Britain turned to politics Wednesday as London is expected to press Paris for new measures to curb undocumented immigration.

Iraq's Kurdistan enjoys all-day state electricity

More than 30 percent of Iraq's autonomous Kurdistan region now has 24-hour state electricity, authorities said Thursday, with plans to extend full coverage by the end of 2026.

Lidl owes French rival $50 mn after ads ruled deceptive

German supermarket chain Lidl faces a 43-million-euro ($50 million) payout to a French rival after an appeals court ruled its ads to be deceptive.

Cricket's Indian Premier League value surges to $18.5 bn: report

The Indian Premier League's business value has been estimated at $18.5 billion with reigning champions Royal Challengers Bengaluru its wealthiest franchise, according to a report by an investment bank.

China's snaps 4-month consumer decline but factory price deflation deepens

Consumer prices in China rose slightly in June, official data showed on Wednesday, snapping a four-month decline even as factory gate prices were bruised by a fierce trade war with Washington.

China's 'new farmers' learn to livestream in rural revitalisation

Gao Chaorong knows what it takes to turn out good crops of sweet potatoes, peanuts and wheat, but tasty produce is no longer enough to draw China's app savvy crowd.

Asian markets mixed as Trump flags fresh tariffs, eyes on trade talks

Stocks were mixed Wednesday as investors assessed Donald Trump's latest tariff threats, while keeping an eye on trade talks after the US president warned he would not again extend a deadline to reach deals.

Bitter pill: Cuba runs low on life-saving medicines

Cuban Jessica Rodriguez never knows if she will find the medicines that keep her four-year-old son alive in a country that has all but run out of essential drugs.

US stocks mostly lower as Trump adds copper, pharma to tariff onslaught

Europe eked out small gains but Wall Street mostly fell Tuesday as President Donald Trump added tariff threats on copper and pharmaceuticals to his broadening trade agenda.

Trump says to set 50% copper tariff, no extension to August deadline

President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, while announcing plans for a 50 percent duty on copper imports.

United Airlines to resume US service to Tel Aviv

United Airlines said Tuesday it would resume service between Tel Aviv and its Newark/New York hub on July 21, 10 days earlier than previously planned.

Trump says 'no extensions' to Aug 1 tariff deadline

President Donald Trump said Tuesday that he would not extend an August 1 deadline for higher US tariffs to take effect on dozens of economies, a day after he appeared to signal flexibility on the date.

Some Europeans still travel to Iran, ignoring dire warnings

Brushing aside increasingly urgent official warnings to stay clear of Iran, some European tourists still head to the Islamic Republic, which is accused by Western governments of practicing "hostage diplomacy".

Stocks mark time as Trump postpones tariffs deadline

Major stock markets marked time Tuesday after President Donald Trump extended his tariffs deadline and hinted at a further pushback, though uncertainty over US trade policy capped gains.

Bulgaria becomes 21st member to adopt euro after EU green light

EU ministers gave the final green light on Tuesday for Bulgaria to adopt the euro on January 1, 2026, making it the single currency area's 21st member.

Stocks rise as Trump delays tariffs deadline

Major stock markets mostly rose Tuesday after President Donald Trump extended his tariffs deadline and hinted at a further pushback, though uncertainty over US trade policy capped gains.

German exports to US tumble as Berlin urges quick trade deal

German exports to the United States plummeted in May, official data showed Tuesday, as Berlin pressed the European Union to strike a quick tariff deal with US President Donald Trump.

Cambodian garment workers fret Trump's new tariff threat

As Cambodian garment workers took breaks from toiling in sweltering factories on Tuesday, they feared for their jobs after US President Donald Trump's threat to impose a 36 percent tariff.

Markets rise as Trump sends tariff letters, delays deadline

Stocks rose Tuesday as traders cautiously welcomed Donald Trump's extension of his tariff deadline and indication he could push it back further, though uncertainty over US trade policy capped gains.

Mitre by mitre: N. Macedonian nuns craft priceless holy headwear

In total silence, Sister Elisaveta stitched the sacred headwear for which her monastery in North Macedonia is renowned throughout the Orthodox world.

Bulgaria to get final green light to adopt euro in 2026

EU ministers are set to give the final green light on Tuesday for Bulgaria to adopt the euro on January 1, 2026, when the country would become the single currency area's 21st member.

Major garment producer Bangladesh seeks deal after 35% US tariff

Bangladesh, the world's second-biggest garment manufacturer, holds hope to reduce the 35 percent tariff that US President Donald Trump said he will impose, the country's top commerce official told AFP on Tuesday.

Most markets rise as Trump sends tariff letters, delays deadline

Most stocks rose Tuesday as traders cautiously welcomed Donald Trump's extension of his tariff deadline and indication he could push it back further, though uncertainty over US trade policy capped gains.

AI video becomes more convincing, rattling creative industry

Gone are the days of six-fingered hands or distorted faces -- AI-generated video is becoming increasingly convincing, attracting Hollywood, artists, and advertisers, while shaking the foundations of the creative industry.

Trump says new tariff deadline 'not 100 percent firm'

US President Donald Trump reignited his trade war by threatening more than a dozen countries with higher tariffs Monday -- but then said he may be flexible on his new August deadline to reach deals.

Trump unveils first wave of steeper US tariffs in push for deals

President Donald Trump announced tariffs of 25 percent on Japan and South Korea on Monday, ramping up pressure on the two key US allies and a dozen other economies to reach trade deals with Washington.

US stocks retreat from records on Trump tariff deluge

Stock markets were mixed Monday with US indices retreating from records as President Donald Trump's aggressive trade policy came back to the forefront, reviving worries about trade wars and inflation.

Trump says to slap allies Japan, South Korea with 25% tariffs

President Donald Trump announced tariffs of 25 percent on Japan and South Korea on Monday, stepping up pressure on the two key US allies and a dozen other economies to reach trade deals with Washington.

King hails 'spirit of unity' as Britain remembers 7/7 attacks

Fifty-two thousand petals fell in St Paul's Cathedral on Monday to honour the 52 victims of London's July 7 bombings, as King Charles III paid tribute to the spirit of unity shown after the 2005 atrocity.

Trump slaps allies Japan, South Korea with 25% tariffs

US President Donald Trump said Monday he was slapping 25 percent tariffs on Japan and South Korea, in his first letters to trading partners ahead of a deadline to reach a deal with Washington.

Dubai Telegraph - Economy (English)