Business from Thursday, April 3rd, 2025
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Wall Street futures sink as tariffs fuel recession fears
US stock index futures tumbled on Thursday after President Donald Trump's sweeping tariffs on major trade partners heightened fears of an all-out trade war that could push the global economy into a recession.
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Trump to impose 10% tariff on UAE, Saudi Arabia imports
The UAE and Saudi Arabia will face a universal 10 per cent tariff on imports under US President Trump's sweeping duties on dozens of countries.
News
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UAE President hosts Indonesian counterpart in Abu DhabiUAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with Indonesian President Prabowo Subianto at Qasr Al Shati in Abu Dhabi.
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H.H. Sheikh Hamdan rings opening bell at Bombay Stock ExchangeHis Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, visited the Bombay Stock Exchange (BSE) on Wednesday as part of his official trip to India.
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UAE to host US Secretary of Energy in first overseas missionThe UAE will host US Secretary of Energy, Chris Wright, on his first international trip since taking office.
