World News

World merchandise trade posts strong growth in Q1 ahead of tariff hikes: WTO

Jul 16, 2025

Geneva [Switzerland], July 16: The volume of world merchandise trade rose 3.6% quarter-on-quarter and 5.3% year-on-year in the first quarter of 2025 as imports surged in North America in anticipation of higher tariffs in the United States, latest WTO data show. Merchandise trade volume growth in the first quarter was stronger than the WTO's most recent forecast, but WTO economists expect the pace of expansion to slow later in the year as fully stocked inventories and higher tariffs weigh on import demand.

Emerging economies expected to drive growth in animal-source food consumption, production over coming decade: OECD-FAO

Jul 16, 2025

Emirates NBD concludes AED 3.9 bn Syndicated Bonding Facilities for Dubai Metro 'Blue Line' Project

Jul 16, 2025

NABIDH platform holds over 10 million medical records, includes 1,888 healthcare facilities in Dubai

Jul 16, 2025

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President Zelensky wants Ukraine's female Economy Minister to be prime minister

Jul 15, 2025

Kiev [Ukraine], July 15: Ukrainian President Volodymyr Zelensky nominated Economy Minister Yulia Svyrydenko to the post of prime minister in a bid to drastically reform the government's operations.

Fire at nursing home in the US, dozens of casualties

Jul 15, 2025

Washington [US], July 15: Gabriel House nursing home in Massachusetts (USA) caught fire, killing 9 people and injuring more than 30.

Trump issues ultimatum to Russia, declares he wants to end the conflict in Ukraine

Jul 15, 2025

Washington [US], July 15: US President Donald Trump threatened to impose tariffs on Russia if it does not reach a deal to end the conflict with Ukraine within 50 days,...