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Strike in Tehran's Grand Bazaar over rial devaluation

Thousands of traders in the Grand Bazaar of Tehran protest against the collapse of the local currency.

Read more: Strike in Tehran's Grand Bazaar over rial devaluation

   

OPEC reaches deal to raise oil output

After tense talks, OPEC agrees to increase production after calls from top consumers to help avoid supply shortage.

Iran's Oil Minister Bijan Zanganeh

Read more: OPEC reaches deal to raise oil output

   

Allies line up to impose retaliatory trade tariffs against US

Turkey and India become the latest Washington allies to impose millions of dollars in levies on American goods.

levies

Read more: Allies line up to impose retaliatory trade tariffs against US

   

Instagram unveils new video service app

IGTV will increase Instagram's video time limit from one minute to 10 minutes for most users.

Read more: Instagram unveils new video service app

   

EU to begin counter trade tariffs against US on Friday

EU retaliatory tariffs will initially target a list of US goods worth 3.24 billion dollars.

EU Trade Commissioner Cecilia Malmstrom

Read more: EU to begin counter trade tariffs against US on Friday

   

Saudi Arabia sacks chief of General Entertainment Authority

A video circulating on social media showing a female circus performer in tight costume drew outrage from Saudis.

Crown Prince Mohammed bin Salman

Read more: Saudi Arabia sacks chief of General Entertainment Authority

   

Trump threatens new round of $200bn tariffs on Chinese goods

US president says he wants additional tariffs set at 10 percent rate if China refuses to change 'unfair practices'.

Donald Trump

Read more: Trump threatens new round of $200bn tariffs on Chinese goods

   

Trade war looms as Trump eyes tariffs on billions in China goods

Levies could reach $55bn, officials say, as Trump tries to fulfill campaign pledge to close $336bn deficit with China.

Donald Trump

Read more: Trade war looms as Trump eyes tariffs on billions in China goods

   

EU endorses counter trade tariffs against the US

The retaliatory tariffs against US duties should be in place by late June or early July.

trade tariffs

Read more: EU endorses counter trade tariffs against the US

   

Qatar pledges $500m in economic aid to Jordan

The announcement came just days after Kuwait, Saudi Arabia and the United Arab Emirates vowed $2.5 bn in aid to Amman.

King Abdullah II of Jordan and Qatari Foreign Minister Sheikh Mohamed bin Abdulrahman

Read more: Qatar pledges $500m in economic aid to Jordan

   

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