Browsing: Business

EU Council approval completes the bloc’s process for the EU-Mexico interim trade agreement, now pending Mexico’s domestic procedures. The post EU Council clears modernised interim trade pact with Mexico appeared first on Arabian Observer: Observe more. Understand Arabia..

Donald Trump and Iraqi Prime Minister Ali al-Zaidi discuss wider US cooperation in oil, gas, power, trade and private investment across Iraq. The post US and Iraq expand economic and energy cooperation appeared first on Arabian Observer: Observe more. Understand Arabia..

US stocks ended lower after oil prices surged and chipmakers sold off, leaving the Nasdaq with the steepest decline among major indexes.

Brent crude jumped 9.6% to $83.30 and WTI rose 9.4% to $78.14 as Gulf shipping disruption drove a broad rally across global oil markets.

Gold prices recovered from a two-week low after a 3% selloff linked to rising oil, inflation pressure and stronger rate hike bets.

Brent crude climbed above $79 while WTI passed $74 as fresh US-Iran attacks coincided with reduced shipping through the Strait of Hormuz.

Burjeel Holdings lists its debut $500 million sukuk in London after a $1.6 billion orderbook, marking its first public debt market issue.

China’s temporary helium export ban took effect immediately, covering customs code 2804290010 with no expiry date announced on July 10.

Apple said the Broadcom agreement will support hundreds of U.S. jobs and more than 15 billion chips made in America across U.S. supply chains.

ILO says generative AI could affect nearly 80 million ASEAN workers, with exposure broad but major job disruption not yet evident.