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Russian President Vladimir Putin speaks with Kremlin spokesman Dmitry Peskov during a summit of leaders of nations, which are members of the Commonwealth of Independent States (CIS), in Moscow, Russia October 8, 2024. Sergei Ilnitsky | Via ReutersThe Kremlin on Tuesday said that it would not disclose the content of ceasefire deal talks with U.S. officials as Ukrainian diplomats were reportedly preparing to meet their American counterparts for further discussions.”Those were “technical” talks so the content of these talks won’t be made public for sure. But I again repeat that the results are being assessed by Moscow and Washington and then…

US President Donald Trump announced Monday steep tariffs on imports from countries buying Venezuelan oil and gas, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty. Since returning to the White House in January, Trump has unleashed tariffs on US allies and foes alike, attempting to strong-arm both economic and diplomatic policy. The latest across-the-board 25 percent levies targeting direct and indirect buyers of Venezuelan oil can take effect as soon as April 2, according to an order signed Monday by Trump. The US secretary of state, in consultation with other government…

Tesla’s market share in Europe continued to shrink year-on-year in February, data showed on Tuesday, as sales of the all-electric car maker dropped for a second consecutive month despite rising overall EV registrations on the continent. As competition grows, and ahead of the launch of its new Model Y mid-size SUV, Elon Musk’s battery-electric (BEV) brand has sold 42.6% fewer cars in Europe so far this year, data from the European Automobile Manufacturers Association (ACEA) showed. Tesla commanded 1.8% of the total market and 10.3% of the BEV market in February, down from 2.8% and 21.6% last year respectively. It…

Oil prices were little changed on Tuesday as markets weighed the impact of newly announced US tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand.Brent crude futures were up 1 cent at $73.01 a barrel by 0424 GMT. US West Texas Intermediate crude dipped 1 cent to $69.10, Reuters said.Both benchmarks gained more than 1% on Monday after US President Donald Trump announced a 25% tariff on countries importing oil and gas from Venezuela. Oil is Venezuela’s main export and China, which is already the subject of US tariffs, is its largest buyer.”Investors fear Trump’s…

Short-term rentals in Hakuba, Japan on average, bring in over $60,000 annually, according to new data by AirDNA.Oscar Wong | Moment | Getty ImagesStarting a short-term rental business can be very lucrative if done correctly. One of the biggest initial hurdles is picking the right market to purchase a property, which can play a large role in an investment’s earning potential.The short-term rental analytics platform AirDNA broke down the markets in Asia that can provide top returns on vacation rentals.The data focused on Asia’s 10 largest countries for short-term rentals which are, in no particular order: Japan, Thailand, United Arab…

Alamy via Reuters Connect Investors transferred $34 billion of cryptocurrency to the UAE in the year to June 2024, a 42 percent increase on the same period in the previous year Institutional investors embrace crypto Prompted by global fluctuations $34bn transferred to UAE in 2024 Institutional investors in the Gulf are increasingly turning to cryptocurrencies to better manage their risk. Global currency fluctuation and sustained inflation are encouraging investors to add bitcoin and other digital assets to their portfolios, according to a study by Singapore-based crypto options trading platform QCP. Notable institutional Gulf investments in crypto so far this year…

Iraq’s oil minister Hayan Abdel-Ghani has said told state television that Iranian oil tankers stopped by US forces in the Gulf were using forged Iraqi documents. US President Donald Trump’s administration has restored his earlier “maximum pressure” policy on Iran, reviving a policy that seeks to isolate the country from the global economy and eliminate its oil export revenue in order to slow Tehran’s development of a nuclear weapon. “We received some verbal inquiries about oil tankers being detained in the Gulf by US naval forces carrying Iraqi shipping manifests,” Abdel-Ghani said on state television late on Sunday, adding there…

Since the launch of Vision 2030, Saudi Arabia has implemented sweeping labor market reforms aimed at improving workplace conditions, increasing citizen participation across sectors, and stimulating private sector growth to ensure long-term sustainability. These ongoing efforts have led to a record-low unemployment rate of 7.1% in 2024, bringing the country close to its targets and solidifying the private sector’s role as a key partner in sustaining employment and attracting local talent. Achieving this unemployment goal years ahead of schedule prompted the government to revise its targets, lowering the benchmark from 7% to 5%. Economic and legislative reforms have enhanced Saudi…

Following the opening of new stores in the holy cities of Makkah and Madinah, Lulu has opened its latest hypermarket in Al Rusayfah, located on Abdullah Areef St., Al Rusayfah District in Makkah. This strategic expansion aligns with Lulu’s commitment to providing world-class shopping experiences to residents and visitors while supporting the Kingdom’s Vision 2030 initiative.Abdullah Hanif, Secretary General of the Makkah Chamber along with Fahd Abdulrahman Al-Mutaz, Mayor of Rusayfah, officially inaugurated the new store in the presence of Ashraf Ali M.A., Executive Director of Lulu Group, along with Shehim Mohammed, Director of Lulu KSA, and other distinguished dignitaries.The…

Erhan Demirtas via Reuters Connect University students march in protest against the arrest of Istanbul mayor Ekrem İmamoğlu, which brought turmoil to Turkey’s money markets $25bn spent on lira Lending rate up to 46% CMA bans short-selling Efforts by Turkish regulators to stabilise the country’s money markets, which were thrown into turmoil by the arrest of the mayor of Istanbul last week, appear to be having some effect, with losses on the country’s stock market narrowing. Markets were rocked and political unrest ensued after the arrest and detention of Ekrem İmamoğlu, a leading opposition figure and a rival to President…