Key PointsOil markets are entering a new phase of uncertainty after the U.S. entered the war between Iran and Israel, said industry watchers, predicting oil at $100 a barrel if the Strait of Hormuz is closed.MST Marquee’s Saul Kavonic portends an “oil price shock” similar to levels seen in 2022 following Russia’s invasion of Ukraine. […]
How to Navigate Oil Price Surges Amid Market Jitters Read More »
Key PointsAI disruption is “unnerving investors in every industry, and it’s disrupting our business,” WPP’s outgoing boss Mark Read told Expressepaper.The advertising market is under threat from emerging generative AI tools that can be used to generate content at a rapid pace.The advertising industry is undergoing a “huge transformation” due to AI’s disruptive effects, according
AI is disrupting the advertising business in a big way — industry leaders explain how Read More »
Key PointsPresident Donald Trump called Federal Reserve Chair Jerome Powell a “numbskull” as he demanded an interest-rate cut.Trump claimed at the White House that lowering rates by two percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.”Trump said he “may have to force something” if
Trump Slams Powell: A Call for Urgent Rate Cuts Read More »
Proposals to provide additional benefits for the armed forces are also under consideration, including increases in salaries and pensions. Photo file Islamabad: In view of the strict conditions of the IMF and financial difficulties, the government has proposed a 5 to 7.5 percent increase in the salaries and pensions of government employees. The People’s Party,
IMF sets strict conditions for increasing salaries and pensions of government employees Read More »
Key PointsUsed vehicle prices last month eased from a recent high in April as consumers who needed a vehicle but feared price hikes due to tariffs purchased one quickly.The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale auctions, decreased 1.5% from April to May, but remained 4%
Used vehicle prices ease from tariff fear-buying highs but remain elevated Read More »
Donald Trump has said he’s going to go to China after talking to its leader, Xi Jinping, over the phone.While neither facet has shown a ride to the White House, the USA president said that he had extended an invitation in response to the “superb speech.” Thursday’s call is the primary time the 2 leaders
Trump confirms China trip after ‘very good’ call with Xi Read More »
An influential worldwide policy institution has anticipated that US tariff obstacles and excessive interest payments on government debt will harm the UK monetary boom. The Organization for Economic Co-operation and Development (OECD) decreased its forecast for an increase in the UK this 12 months from 1.4% in March to 1.Three %. Due to alternate tensions,
Debt and trade issues weaken UK growth, OECD says Read More »
Since returning to power, US President Donald Trump has wielded tariffs – or the threat of them – as his financial weapon of choice.He has imposed import responsibilities against allies and adversaries alike, and raised their prices to staggeringly high levels, only to change his mind and pause or reduce the charges. Markets and global
Tariffs court fight threatens Trump’s power to wield his favourite economic weapon Read More »
Watch: Elon Musk says he is “disappointed” with Trump’s “big, beautiful bill”, in interview with CBS Sunday Morning After contributing to the turbulent attempt to reduce the size of the United States government, which resulted in the layoff of many federal employees, Elon Musk has announced that he may be leaving the Trump administration. In
Elon Musk leaves White House but says Doge will continue Read More »
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. DUBAI, United Arab Emirates — Deep within the oil-wealthy deserts of the Middle East, the United Arab Emirates is on a mission to establish supremacy in the
The U.S.′ AI love affair with the UAE isn’t just about access — it’s about dominance Read More »