US stocks closed higher Thursday amid ongoing uncertainty over President Donald Trump’s tariffs.
The market rallied in the morning after a US Court blocked the broad tariffs Wednesday, ruling Trump had exceeded his authority. However, gains were trimmed after the White House appealed, arguing the decision hurt diplomacy and presidential powers. An appeals court then temporarily suspended the lower court’s ruling.
On the economic front, the US Commerce Department reported the economy shrank by 0.2% in the first quarter, a slight improvement from the preliminary estimate of a 0.3% contraction. The slowdown was mainly due to higher imports and lower government spending.
Weekly unemployment claims rose by 14,000 to 240,000, above expectations.
President Trump and Federal Reserve Chair Jerome Powell also met to discuss key economic issues including growth, jobs, and inflation.
The Dow Jones closed up 0.28% at 42,215.73, the Nasdaq rose 0.39% to 19,175.87, and the S&P 500 gained 0.40% to 5,912.17.
The VIX, or “fear index,” fell 0.67% to 19.18.
China’s internet user base has climbed to about 1.125 billion people, highlighting the country’s vast digital reach and creating fertile ground fo...
In recent years, Abu Dhabi has emerged as a venue for high-stakes diplomacy, hosting sensitive talks on conflicts ranging from Ukraine-Russia to Armen...
British Prime Minister Keir Starmer delivered a stark apology on Thursday, launching a direct attack on former U.S. ambassador Peter Mandelson and adm...
Iran’s Revolutionary Guards (IRGC) say they've detained two vessels in the Persian Gulf carrying more than 1 million litres of smuggled fuel, state ...
Ukrainian and Russian negotiators began the second round of U.S.-brokered talks in Abu Dhabi on Wednesday (4 February)....
Ukrainian and Russian negotiators began the second round of U.S.-brokered talks in Abu Dhabi on Wednesday (4 February).
An exchange of 314 prisoners of war has been agreed following U.S.-brokered trilateral peace talks in Abu Dhabi between delegations from the United States, Ukraine and Russia, according to U.S. President Donald Trump’s special envoy, Steve Witkoff.
The final barrier preventing an unlimited nuclear arms race between Washington and Moscow hangs by a thread. With an expiration date looming this year and international inspections suspended, the world faces a precarious future regarding the containment of strategic weapons. Should we be worried?
The United States and Iran are set to hold nuclear talks in Oman on Friday after Tehran requested a change of venue and a strictly bilateral, nuclear-focused format, a move that is fuelling questions about Iran’s negotiating strategy.
Cuba’s Deputy Foreign Minister Carlos Fernández de Cossío has denied that Havana and Washington have entered formal negotiations, countering recent assertions by U.S. President Donald Trump, while saying the island is open to dialogue under certain conditions.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
Iran’s Islamic Revolutionary Guard Corps (IRGC) unveiled a new underground ballistic missile base on Wednesday (4 February), just over a day before the start of mediated nuclear negotiations with the United States, slated for Friday in Oman.
Ukrainian President Volodymyr Zelenskyy accused Russia on Tuesday (3 February) of exploiting a U.S.-backed energy ceasefire to stockpile weapons and launch large-scale drone and missile attacks on Ukraine ahead of peace talks.
In recent years, Abu Dhabi has emerged as a venue for high-stakes diplomacy, hosting sensitive talks on conflicts ranging from Ukraine-Russia to Armenia-Azerbaijan, as the United Arab Emirates positions itself as a neutral platform amid deepening global divisions.
British Prime Minister Keir Starmer delivered a stark apology on Thursday, launching a direct attack on former U.S. ambassador Peter Mandelson and admitting he was wrong to trust him.
Iran’s Revolutionary Guards (IRGC) say they've detained two vessels in the Persian Gulf carrying more than 1 million litres of smuggled fuel, state media said, with 15 foreign crew members handed to judicial authorities.
An exchange of 314 prisoners of war has been agreed following U.S.-brokered trilateral peace talks in Abu Dhabi between delegations from the United States, Ukraine and Russia, according to U.S. President Donald Trump’s special envoy, Steve Witkoff.
U.S. President Donald Trump held an “excellent” phone call with Chinese President Xi Jinping on Wednesday, (4 February), to discuss trade, energy, Taiwan, Iran, and Russia’s war in Ukraine, ahead of Trump’s planned visit to Beijing in April.
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