Dollar Set for Steady Week, Quarterly Loss Amid Tariff Concerns
The U.S. dollar was on track for a steady finish on Friday but faced a potential quarterly loss next week, as concerns over tariffs and their impact on U.S. growth weighed on market sentiment. The imposition of new tariffs has led to a decline in U.S. yields and stocks, which in turn has put pressure […]
Panic in Bangkok as 7.7-Magnitude Earthquake Strikes Myanmar
A powerful 7.7-magnitude earthquake struck central Myanmar, sending shockwaves through the region and prompting people to flee buildings in panic. The tremor, which occurred at a depth of 10 kilometers, was strongly felt in Yangon and as far as Bangkok, Thailand’s capital. Witnesses reported chaotic scenes as residents rushed into the streets, fearing aftershocks. The […]
DOJ Investigates Stanford, UC Schools Over Compliance with Affirmative Action Ruling
The U.S. Department of Justice announced on Thursday that it has launched investigations into Stanford University and three University of California schools to assess their compliance with the Supreme Court’s ruling that struck down race-conscious admissions. The ruling, issued last year, barred the use of affirmative action in college admissions, requiring institutions to adopt race-neutral […]
U.S. Voices Concern Over Istanbul Mayor’s Arrest in Talks with Turkey
U.S. Secretary of State Marco Rubio said Thursday that he raised concerns with Turkish Foreign Minister Hakan Fidan regarding protests and detentions in Turkey following the arrest of Istanbul Mayor Ekrem İmamoğlu. The high-profile arrest has sparked widespread demonstrations and international criticism, with opposition groups calling it politically motivated. Washington’s statement adds to growing diplomatic […]
Thousands Gather in Mecca for Last Friday Prayers of Ramadan
Muslim worshippers filled the Grand Mosque in Mecca for the last Friday prayers of this year’s Ramadan, marking a spiritually significant moment in the holy month. The Masjid al-Haram, home to the Kaaba, was packed with devotees seeking blessings and forgiveness as Ramadan nears its end. Pilgrims and residents alike engaged in heartfelt prayers, with […]
Gold Hits Record High Amid U.S.-China Trade War Fears and Inflation Concerns
Gold prices surged to a record high on Friday as escalating trade tensions, triggered by U.S. President Donald Trump’s latest tariffs, fueled investor demand for safe-haven assets. The uncertainty surrounding U.S.-China relations has heightened market volatility, driving gold prices upward. Meanwhile, investors are also closely watching key inflation data set to be released later in […]
U.S. Beef Exports to China Plunge as Beijing Tightens Regulations
U.S. beef sales to China have sharply declined, according to government data released Thursday, after Beijing allowed export registrations for hundreds of American meat facilities to expire. The move effectively restricts shipments from a significant portion of the U.S. meat industry, adding to trade tensions between the two nations. Industry analysts say the decision could […]
Putin Proposes Temporary Administration in Ukraine for War Settlement
Russian President Vladimir Putin has suggested placing Ukraine under a temporary administration to facilitate new elections and the signing of key agreements to end the ongoing war, according to Russian news agencies. The proposal comes amid continued fighting and diplomatic deadlock between Moscow and Kyiv. While Russia frames the idea as a pathway to peace, […]
Xi Jinping Urges CEOs to Safeguard Global Supply Chains Amid US Tariff Threats
China’s President Xi Jinping has called on multinational CEOs to help protect global industry and supply chains as Beijing tries to reassure foreign investors about the country’s economic health. Speaking at a high-profile business gathering, Xi emphasized the need for cooperation and stability amid growing concerns over potential new U.S. tariffs. His remarks come as […]
Russia Donates 30,000 Kilograms of Humanitarian Aid to Pakistan
In a ceremony held at Islamabad Airport, the Russian Ambassador officially presented 30,000 kilograms of humanitarian aid to Pakistan through the National Disaster Management Authority (NDMA). The aid, delivered by a special Russian government aircraft, was intended to support ongoing relief efforts in Pakistan. […]