NEW YORK: U.S. stocks surged to all-time highs on Monday, fueled by strong earnings reports from major tech and finance companies, along with waning concerns over regional bank credit stress. The rally lifted all major indexes, with the small-cap Russell 2000 outperforming, jumping 2.0%. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all … Read more
WASHINGTON: U.S. President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying “massive” tariffs if it did not do so. “I spoke with Prime Minister Modi of India, and he said he’s not going to be doing … Read more
Washington: U.S. President Donald Trump has announced that starting October 1, a 100% import tariff will be imposed on all branded and patented pharmaceutical products. According to a statement released by the Trump administration, the new tariff will apply to pharmaceutical companies that do not already have a manufacturing plant in the U.S. or have … Read more
WASHINGTON/BEIJING: The United States and China on Monday extended a tariff truce for another 90 days, staving off triple-digit duties on each other’s goods as U.S. retailers get ready to ramp up inventories ahead of the critical end-of-year holiday season. U.S. President Donald Trump announced on his Truth Social platform that he had signed an … Read more
In response to concerns regarding the impact of high fuel costs on consumers, the government has hinted at potentially reducing net metering tariffs for rooftop solar power units. This discussion took place during a meeting of the Senate Standing Committee on Power, where they also resolved to close investigations into alleged corruption related to the … Read more
The administration announced that import tariffs on steel will remain in place for two years. The international trade secretary stated that protecting steel producers was in national interest. UK Steel previously stated that lifting the import restrictions might result in damage of millions. The administration announced that import tariffs on steel that were set to … Read more
ISLAMABAD: The electricity tariff will be increased by Rs1.39 and because of depleting gas reserves, the government will impose a ban on the new gas connections for domestic consumers till the introduction of the new pricing mechanism for imported gas. Federal Minister for Energy Hammad Azhar said that this in a media briefing along with … Read more
