“If there are U.S. tariffs, Mexico would also raise tariffs,” Sheinbaum said during a press conference, in her clearest statement yet that the country was preparing possible retaliatory trade measures against its top trade partner. Mexican Economy Minister Marcelo Ebrard, speaking alongside Sheinbaum, called for more regional cooperation and integration instead of a war of…
Canada’s federal government and the premiers of the 10 provinces agreed to work in a united and coordinated way against a threat by US President-elect Donald Trump to impose tariffs on Canadian imports, Finance Minister Chrystia Freeland said on Wednesday. “We agreed that we need to be smart, strong and united in meeting this challenge,” Freeland told…
Aldar Properties PJSC, Abu Dhabi’s largest property developer, is seeing a surge in demand for homes that’s being driven in large part by foreign buyers. The company has boosted the number of new developments from around two or three annually in 2008 to 14 new developments this year, Mohamed Al Mubarak, chairman of Aldar and…
Boeing’s new CEO told workers Wednesday the company has serious culture problems and can’t afford another mistake, according to a report. At an hour-long meeting, Kelly Ortberg, who joined Boeing as CEO in August, urged employees to take accountability when they see problems, The Wall Street Journal reported after reviewing a recording of the gathering. “Boeing has…
The Netherlands plans to temporarily enlist additional personnel and equipment from private companies to strengthen security in its part of the North Sea, the Defense Ministry said on Wednesday, confirming media reports. The decision follows reports last year from Dutch military intelligence agency MIVD that Dutch North Sea infrastructure, such as gas pipes and windmills,…
Taiwan President Lai Ching-te called on Monday for the signing of an economic partnership agreement with the European Union, saying it would boost cooperation in semiconductors and that as democracies the two sides should be working together. Taiwan has pushed for the signing of investment and trade deals with the EU, in what would be…
Austrian ‘gas storage facilities full, from tomorrow we will receive sufficient gas from other sources,’ says Chancellor Nehammer.The Austrian chancellor said on Friday that Russia’s Gazprom will stop gas supply to Austria from Saturday. “What we have been preparing for since the outbreak of war in Ukraine has happened. I was informed this afternoon that…
Saudi Arabia’s $500 billion mega project NEOM has appointed Aiman al-Mudaifer as acting CEO, the company issued a statement Tuesday on X. Following Nadhmi al-Nasr’s departure, al-Mudaifer will take responsibility of teams across NEOM’s regions, sectors and departments. “As NEOM enters a new phase of delivery, this new leadership will ensure operational continuity, agility and efficiency…
Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as US president on expectations his administration will be crypto friendly. The world’s biggest cryptocurrency BTC – has become one of the most eye-catching movers in the week since the election and touched $89,637 in Asia…
Iranian bank cards can now be used in Russia, state television reported, as the two countries linked their banking systems in the latest bid to counteract sanctions. Iranian banks have been excluded since 2018 from the SWIFT international financial messaging service, which governs the vast majority of transactions worldwide. The move is part of a…
Britain’s royal family is facing calls for more transparency and reform of their private estates after an investigation alleged they have been profiting from public bodies while benefiting from major tax exemptions. The UK media probe also accused the estates of King Charles III and his eldest son Prince William of making big profits from…
The International Monetary Fund (IMF) will begin its review of Egypt’s loan program on Tuesday, Egyptian Prime Minister Mostafa Madbouly said on Sunday at a press conference with IMF managing director Kristalina Georgieva. The review, which could unlock more than $1.2 billion in financing, is the fourth under Egypt’s latest 46-month IMF loan program that…
ISLAMABAD: Speaker of the Federal Council of the Russian Federation, Valentina Matvienko, stated that the Russian parliamentary delegation’s visit to Islamabad would enhance the development cooperation between Russia and Pakistan. Speaking to the Senate of Pakistan at the invitation of Chairman Syed Yosuf Raza Gillani, she highlighted the long-standing cordial relations between the two nations, saying…
Saudi Arabia’s futuristic mega-city NEOM announced on Sunday the opening of Sindalah, a luxury Red Sea island featuring restaurants, hotels and yachting berths. NEOM described Sindalah as its “first physical showcase” that “will serve as NEOM’s gateway to the Red Sea, providing easy access for European, Saudi, and GCC yacht owners.” “NEOM is committed to supporting…
October 19, 2024: Russian Foreign Minister Sergey Lavrov is expected to visit Pakistan next month with a high-level delegation. In this regard, diplomatic sources said after the visits of Russian prime minister and deputy prime minister, the visit of Foreign Minister Lavrov is very important. A high-level delegation along with the Russian Foreign Minister will…
