United States

Fed to keep interest rates steady as job growth slows, tariff risks persist

Since the Fed's May policy meeting, the Trump administration has delayed its global tariffs until July

Abu Dhabi’s G42 expands into Europe and U.K. with new hub for tailored AI solutions

The new entity will partner with governments to enhance AI infrastructure across Europe and the U.K.

Apple tops iPhone market in China with 15 percent global sales growth, strongest since COVID

The growth is driven by a resurgence in Apple’s largest markets, China and the U.S.

Meta invests $14.3 billion for 49 percent stake in Scale AI to develop superintelligence lab

Alexandr Wang will report directly to Mark Zuckerberg while remaining on Scale AI's board.

U.S. tariff revenue rises 270 percent, posts record $23 billion in May 2025

U.S. customs duties surged to a record high, contributing to a reduction in the budget deficit.

Oil prices surge over 8 percent as Middle East tensions escalate

The latest developments in the region require the oil market to price in a larger risk premium for any potential supply disruptions

Dubai gold prices rise AED3.75, global rates hit near 2-month high on Middle East tensions

Further upside in gold prices is expected if tensions escalate further

U.K. exports to U.S. plummet by $2.7 billion in April 2025, largest monthly decrease since 1997

The value of Britain’s exports to the U.S. was the lowest since February 2022 at GBP4.1 billion

Trump urges Fed to cut rates by ‘one full point’ following latest CPI data release

Trump described the May Consumer Price Index as a “great” number

Oil prices dip to $69.48 despite heightened Middle East security risks

A geopolitical premium that keeps Brent above $65 per barrel will likely persist until further clarity on U.S.-Iran talks

U.S.-China trade deal is ‘done’ and tariffs on China will be set at 55 percent, says Trump

The president explained that full magnets and any necessary rare earths will be supplied, up front, by China

UAE and U.S. discuss pathways for bilateral cooperation in economy, technology and AI sectors

Discussions included promoting peace and coexistence with regional and international partners