EU-U.S. tariff deal lifts European earnings outlook, easing trade war fears

Forecasts for Q2 profit growth rise to 3.1% after EU trade agreement, but firms still brace for fallout from Trump’s wider tariff push

U.S. trade deficit narrows sharply as China gap hits 21-year low amid Trump’s sweeping tariffs

Imports plunge, services sector softens, and inflation concerns rise as tariffs reshape global trade and domestic business planning

Japan clinches $6.5bn warship deal with Australia in historic defence export

Tokyo's Mitsubishi Heavy Industries to build frigates under landmark agreement, marking Japan’s biggest arms export since lifting military ban

U.S. trade deficit narrows by 16% in June as imports decline

The drop in imports, including consumer goods, reflects the impact of President Trump's tariffs on trading partners

Abu Dhabi’s MGX plans to raise up to $25 billion to boost AI investments

MGX explores raising capital from strategic investors to expand its artificial intelligence portfolio, with Mubadala and G42 as key backers

EU goods face 15% tariff in U.S., with exceptions for select products

EU official clarifies that 15% tariff includes all goods except steel, aluminium, pharmaceuticals, and semiconductors

Saudi Aramco reports lower Q2 revenues, forecasts higher oil demand in second half of 2025

Despite a dip in crude prices, Aramco anticipates stronger demand in the second half, supported by higher output and refining performance

US could require up to $15,000 bonds for some tourist, business visas under pilot program

Pilot program targets countries with high visa overstay rates, bond amounts range from $5,000 to $15,000

Dollar weakens as rate cut odds rise, tariff uncertainties linger

Traders now pricing in 94% chance of a rate cut in September; Investors wary of tariff impact

Oil little changed after hitting one-week low, oversupply concerns linger

Brent crude futures remain unchanged at $68.76 while WTI crude hovers at $66.27 a barrel, down 2 cents, or 0.03%
Stock market trading

Shares in Asia rally, dollar lower against yen on Fed rate cut bets

US earnings boost market sentiment, tech stocks surge; Euro Stoxx 50 futures rise 0.2%, DAX futures up 0.3%

Trump to raise tariffs on Indian goods over Russian oil purchases

US President Donald Trump announces substantial tariff hikes on India in response to Russian oil imports

U.S. tariffs on South Africa could cost 100,000 jobs, as trade tensions rise

South Africa faces a 30% tariff from the U.S. on key exports, with the agriculture and automotive sectors hit hardest, while negotiations with the U.S. continue

Ant Group to exit Paytm with $433.72 million stake sale

Ant Group will sell its remaining 5.84% stake in Paytm, with block deals expected to raise 38 billion rupees

Top Trump aide accuses India of financing Russia’s war in Ukraine

India faces 25% tariff as a result of its purchase of military equipment and energy from Russia; Deputy Chief of Staff at the White House Stephen Miller says Delhi is basically tied with Beijing in purchasing oil from Moscow