Qatar, Saudi Arabia to Settle Syria’s World Bank Debt
Both Gulf states have played a key role in the diplomatic outreach to Syria’s new rulers since the ouster of longtime strongman Bashar al-Assad in December.
GLOBAL ECONOMIES
California Beats Japan as the Fourth Largest Economy
Governor Gavin Newsom touted new data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis showing California’s growth.
A dozen US states sue to halt Trump’s tariffs.
Twelve states joined the lawsuit, which was filed with the United States Court of International Trade.
China sends Boeing planes back to US over tariffs.
China has sent back planes it ordered from the US in its latest retaliation over Trump tariffs, the boss of aircraft maker Boeing has said.
US stocks and dollar plunge as Trump attacks Fed chair Powell.
US equities had opened the session lower, but stumbled further shortly after the opening bell when Trump called Powell a “major loser” for not cutting interest rates in a social media post
Gold Reaches $3,500 as Trump’s Attacks on Powell Unnerve Markets
Gold hit a record $3,500 per ounce for the first time early Tuesday as President Donald Trump’s renewed attacks on Federal Reserve Chair Jerome Powell unnerved markets and sent investors into safe-haven assets
US stock markets rise on Trump tariff rollback
US stock markets rose on Monday after the White House said tariffs on imports of Chinese-made smartphones and some other electronics devices would not apply.
Tariffs on imported semiconductor chips coming soon, Trump says.
The Trump administration has indicated it will develop a new suite of tariffs on the semiconductor industry
Smartphones and computers are now exempt from Trump’s latest tariffs.
The tariff exemption would have a major impact on tech giants like Apple, which make iPhones and other products in China.
U.S. Tariffs Could Destroy Global Economic Order – Japanese PM Warns
Japanese Prime Minister Shigeru Ishiba stated that the US tariffs could disrupt the global economic order. They must become the subject of negotiations, Reuters reports.