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US Ends Tariff Exemption for Small Packages Shipped Globally

The United States on Friday ended tariff exemptions on small packages entering the country from abroad, in a move that has sparked concern among small businesses and warnings of consumer price hikes. President Donald Trump's administration cited the use of low-value shipments to evade tariffs and smuggle drugs in ending duty-free treatment for ...

Oil Prices Drop as Israel Agrees to Ceasefire Proposal

Oil prices sank more than five percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. Shares in Asia were buoyant, as fears of an energy market shock eased following 12 days of war between Israel and its arch-foe. London, Paris and Frankfurt also rose at the open. At around ...

Crude Sinks as Trump Delays Decision on Iran Strike

Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran. Speculation had been swirling that Trump would throw his lot in with Israel, but on Thursday he said he would decide "within the next two weeks" ...

South Korea Court Reinstates Impeached PM Han as Acting President

South Korea's Constitutional Court dismissed the impeachment of Prime Minister Han Duck-soo on Monday, reinstating him as acting president—a role he took after the president was suspended for declaring martial law. The court ruling is the latest development in South Korea's complex and sprawling political crisis, which President Yoon Suk Yeol ...

Judge Says US Can Deport Pro-Palestinian Student Protester Mahmoud Khalil

An immigration judge ruled Friday that a pro-Palestinian student protester, a US permanent resident detained by the Trump administration, can be deported, his lawyer said. Assistant Chief Immigration Judge Jamee Comans, based in the state of Louisiana, said the federal government had met its burden to prove it had grounds to deport Mahmoud ...

Gold Hits Record above $3,500, Stocks Slip as Trump Fuels Fed Fears

Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump's latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank's independence. With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the ...

Gold Hits Record, Dollar Drops as Tariff Fears Dampen Sentiment

Gold prices hit a fresh record on Monday while the dollar weakened further and stocks were mixed amid worries about Donald Trump's tariff blitz and his bubbling row with the Federal Reserve. With several markets still closed for the Easter holiday, business was limited ahead of a week that will see the release of key data that should give an ...

China Slams 'Appeasement' of US as Nations Rush to Secure Trade Deals

China on Monday hit out at other countries making trade deals with the United States at Beijing's expense, vowing countermeasures against those who "appease" Washington in the blistering tariff war as its neighbors rush to secure favorable terms from the White House. While the rest of the world has been hit with a blanket 10 percent ...

From Messi to Trump: AI Action Figures Take Over Social Media!

The latest internet obsession is one impossible to escape on social media: images of well-known figures in plastic toy packaging, alongside evocative props... welcome to the meme of AI action figures. The figurines aren't real, but thanks to ChatGPT's new image generator, they look genuine, and they are flooding platforms from TikTok to ...

Asia's Big Exporters Open Tariff Negotiations with US

Asia's major exporters Vietnam, Japan and Taiwan are among the first economies to open negotiations with Washington over US President Donald Trump's sweeping tariffs, taking advantage of a 90-day reprieve from the global trade war. Notably absent from those trying to reach a compromise with Washington is China, which faces levies of up to 145 ...

AI: Just Beginning to Revolutionize the NBA Game

It's not a scene out of the future, but a reality on the hard courts of today. Using artificial intelligence, a top basketball team found the right defensive strategy that made the difference to win the NBA championship. Data specialist Rajiv Maheswaran declines to name the outfit that leveraged AI analysis to victory, saying in a corporate ...

Asian Stocks Rise on Electronics Tariffs Exemption, Gold Hits New High

Asian stocks rose Monday as trade war fears were tempered by Donald Trump's announcement of tariff exemptions for electronics, though the dollar weakened and safe-haven gold hit a fresh record amid fears the relief would be short-lived. After the wild gyrations witnessed last week, markets got off to a relatively stable start following news ...

Dollar Plunges, Stocks Wobble Over Trade War Turmoil

Investors dumped US government bonds, the dollar tumbled and stocks seesawed Friday, capping a volatile week as President Donald Trump's unpredictable tariff policy rattled market confidence. Trump triggered a massive market sell-off last week by announcing universal tariffs, and this week he sparked a huge but short-lived rally by pausing higher ...

Huda al-Khamis-Kanoo: Abu Dhabi’s Cultural Heartbeat (2/2)

At the heart of an ever-evolving emirate, the Abu Dhabi Festival has, year after year, established itself as a space for intercultural dialogue and ambitious artistic creation. Guided by the vision of its founder, Huda al-Khamis-Kanoo, it brings together continents, aesthetics, and generations in unprecedented ways. For its 22nd ...

Dollar, Stocks Hit and Gold Hits Record as Trade War Panic Returns

The dollar tumbled with most stocks while gold hit a fresh record high as panic gripped markets again on Friday, while China retaliated against Donald Trump's latest tariff blitz against the world's number two economy. The US president's decision to delay crippling duties for 90 days sparked a frenzied scramble for equities that had ...

Syria Establishes Diplomatic Relations With South Korea

Syria and South Korea have established diplomatic relations for the first time, with embassies to be set up in their respective capitals, Damascus said on Thursday. A Syrian foreign ministry statement said Foreign Minister Asaad al-Shaibani on Thursday received a South Korean delegation headed by Foreign Minister Cho Tae-yul. Cho was also ...

China Vows 'Fight to The End' as Trump Warns 50% More Tariffs

China vowed on Tuesday to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets. Trump has upended the world economy with sweeping tariffs that have raised the specter of an international recession but has ruled out any ...

Stocks Savaged as China Retaliation to Trump Tariffs Fans Trade War

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession. Trading floors were overcome by a wave of selling as investors fled to the hills, with Hong Kong's loss of 12 percent its worst in more than 16 years, while Taipei ...

South Korea Court Ousts Impeached President Yoon

South Korea's Constitutional Court on Friday unanimously upheld President Yoon Suk Yeol's impeachment over his disastrous martial law declaration, stripping him of office and triggering fresh elections after months of political turmoil. Yoon, 64, was suspended by lawmakers over his December 3 attempt to subvert civilian rule, which saw armed ...

Dollar, Stocks Sink as Gold Hits High on Trump Tariffs

The dollar and equity markets tumbled Thursday after President Donald Trump's latest tariffs salvo against countries worldwide, fanning a trade war that many fear will spark recession and ramp up inflation. The dollar slumped by as much as 2.6 percent versus the euro, its biggest intraday plunge in a decade, and suffered sharp losses also against ...

Stock Markets Slide Over US inflation, Tariff Fears

Stock markets took a tumble Friday as a closely watched US inflation reading heated up, adding to concerns over the fallout from an incoming wave of tariffs by President Donald Trump. Shares in automakers fell further as they brace for 25-percent US levies due to kick in early next week along with a raft of "reciprocal" tariffs tailored to ...

From North Korea to K-pop: A Debut Journey of Hope

Growing up in North Korea, Hyuk's childhood was about survival. He never listened to banned K-pop music, but after defecting to the South, he's about to debut as an idol. Hyuk is one of two young North Koreans in a new K-pop band called 1Verse — the first time that performers originally from the nuclear-armed North have been trained for stardom ...

Trump’s Administration Moves to Scrap Artificial Food Dyes

President Donald Trump's administration on Tuesday announced plans to remove synthetic dyes from the US food supply, marking a rare point of bipartisan convergence in an otherwise sharply divided political climate. Health Secretary Robert F Kennedy Jr. has vowed to overhaul America's food system under the banner of his "Make America ...

Oil Stabilises After Surge, Stocks Drop as Mideast Crisis Fuels Jitters

Oil prices stabilized Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict sparked by Donald Trump calling for Tehran's "unconditional surrender". Iran and Israel exchanged missiles for a sixth day, with the US president's latest comments appearing to dent hopes that the crisis in the Middle East ...

Trump Tariffs Stay in Place for Now After Appellate Ruling

US President Donald Trump celebrated a temporary reprieve for his aggressive tariff strategy on Thursday, with an appeals court preserving his sweeping import duties on China and other trading partners -- for now. The short-term relief will allow the appeals process to proceed after the US Court of International Trade barred most of the tariffs ...

Oil Prices fall Even as Israel-Iran Strikes Extend into Fourth Day

Oil prices retreated on Monday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day and threatened further attacks. Gold prices rose back towards a record high thanks to a rush into safe havens but equities were mixed amid hopes that the conflict does not spread. Investors were ...

President Donald Trump Hails Rare Earth Deal with China, Praises "Excellent" Relations

U.S. President Donald Trump on Wednesday welcomed a tentative agreement reached overnight in London between Washington and Beijing, which he says will enable the supply of rare earth minerals to the United States, praising the “excellent” relationship between the two countries. "An agreement with China has been reached, pending final approval ...

Taekwondo: Lebanon Tops Virtual Poomsae

A total of 6,000 athletes from 29 countries clashed – virtually – in the digital arena of South Korea’s Baekseok University.   On the agenda: poomsae, the choreographed martial art where precision, fluidity and concentration reign supreme. Unlike sparring (direct combat), poomsae is based on codified sequences of techniques – blocks, ...

Trump Says “Extremely Hard” to Do Deal With Xi as Steel Tariffs Double

US President Donald Trump said Wednesday it was "extremely hard" to reach a deal with Chinese counterpart Xi Jinping as he ramped up his global trade war by doubling tariffs on steel and aluminum imports. The comments and higher levies came as OECD ministers gathered to discuss the outlook for the world economy in light of the US ...