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Trump Imposes New Tariffs on Heavy Trucks, Medicines, and Furniture
SadaNews Economy - U.S. President Donald Trump revealed on Thursday - Friday a new round of punitive tariffs on a wide range of imported goods, including a 100% tariff on brand-name medications and a 25% tariff on heavy trucks, set to take effect next week.
He wrote on the Truth Social platform: "T...
Microsoft Disables Services for Unit 8200 of the Israeli Military Intelligence
SadaNews - Microsoft announced that it has disabled a set of cloud computing and artificial intelligence services used by Unit 8200 of the Israeli military intelligence, under the Ministry of Security, after an internal review concluded that there was preliminary evidence supporting media reports ab...
Stability of Oil Prices After Recording Largest Daily Increase Since July
SadaNews - Oil prices stabilized after recording their largest daily increase since July yesterday, driven by hawkish statements from US President Donald Trump regarding Russia, which raised geopolitical concerns in the market.
Brent crude rose to trade above $69 per barrel, after jumping by 2.5% o...
Gold price maintains stability near its highest levels
SadaNews - The gold price has maintained its stability near its all-time highs, despite a slight decline, as investors assess positive economic data from the United States and mixed statements from Federal Reserve officials have added ambiguity to interest rate cut expectations.
The spot price of g...
Turkey Signs Gas Import Agreement with Mercuria Energy Group for 20 Years
SadaNews - Turkey's state gas company, Botas, has signed a 20-year liquefied natural gas (LNG) import agreement with Mercuria Energy Group Ltd., marking the largest deal yet in a series of new contracts.
Energy Minister Alparslan Bayraktar mentioned in a post on X that starting in 2026, Botas...
Gold Prices See Slight Increase as Investors Monitor Federal Reserve Statements
SadaNews - The trading price of gold was below its peak as investors monitored statements from Federal Reserve officials, led by Jerome Powell, alongside escalating geopolitical tensions with Russia.
Gold prices saw a slight increase to around $3,775 per ounce, distancing itself by only about $20 f...
OECD Expects Three More Interest Rate Cuts
SadaNews - The OECD has indicated that the Federal Reserve may cut interest rates three more times despite U.S. inflation surpassing targets, amid expectations of an economic and labor market slowdown.
The Paris-based organization currently predicts that U.S. interest rates will decline to a range...
Oil Prices Maintain Gains Amid Rising Tensions with Russia and Supply Risks
SadaNews - Oil prices extended their gains, reaching their highest level in a week, after U.S. President Donald Trump escalated his rhetoric against Russia, while traders awaited any potential supply disruptions from an OPEC+ member.
Brent crude rose towards $68 per barrel after climbing 1.6% on Tu...
The Fed Cuts Rates for the First Time This Year.. Will It Continue?
SadaNews - In line with expectations, the U.S. Federal Reserve took its first rate cut of 2025 on Wednesday.
But will the central bank continue to follow predictions by enacting two additional cuts before the end of the year? The data does not suggest that.
Forecasts in the futures market over...
Following Trump's Tariffs.. China Floods the World with Cheap Exports
SadaNews - Chinese exports, driven by President Xi Jinping, have continued to surge robustly even five months after the imposition of high U.S. tariffs, leading the country towards a record trade surplus estimated at $1.2 trillion.
With access to the U.S. market restricted, Chinese manufacturers be...
Gold Prices Reach a New Record Level
SadaNews - The price of gold recorded a new record level today, Tuesday, as investors ignored the cautious tone from Federal Reserve officials regarding the monetary policy path, following the U.S. central bank's decision last week to cut interest rates.
The precious metal rose in Asian trading to...
Oil Prices Decline for the Fifth Consecutive Day
SadaNews - Oil prices have declined for the fifth consecutive day, marking the longest losing streak since early August, amid rising indicators of increased global supplies that could fuel a surplus in the market during the fourth quarter and extend into 2026.
Brent crude, the global benchmark, fel...