Germany starts curbing support for Israel as Gaza faces starvation

Gold futures in the United States surged to an all-time high Friday before retreating, as uncertainty grew over whether President Donald Trump’s latest tariffs would apply to certain gold bars.

The average US tariff rate has climbed to 20.1 percent, marking its highest point since the early 1910s—excluding a brief spike earlier this year—according to data released Friday by the World Trade Organization (WTO) and the International Monetary Fund (IMF).

US President Donald Trump has claimed that billions of dollars are “flowing” into the United States just minutes before the president’s new tariffs went into effect.

Brazilian President Luiz Inacio Lula da Silva said Tuesday that his country will use all available resources, including the World Trade Organization (WTO), to defend its interests against new US tariffs.

Mexican president on Tuesday hosted senior Canadian officials to discuss strategy in the face of US President Donald Trump`s trade tariff offensive.

Bangladesh received a record-breaking remittance of $2.48 billion in July, the first month of the 2025–26 fiscal year, marking a robust 29.48% year-on-year growth.

Oil prices fell further on Monday after OPEC+ agreed to another large production hike in September, with concerns about a slowing economy in the U.S., the world`s biggest oil user, adding to the pressure.

Boeing is bracing for another major disruption as more than 3,000 workers in its defence division plan to go on strike this Monday, following a breakdown in contract negotiations.

Shares in European biggest banks climbed to their highest levels since the global financial crisis this week, as a sharp rise in long-term interest rates fuels bumper earnings. 

Saudi Arabia, Russia and six other key members of the OPEC+ alliance are expected to further hike oil production in a meeting Sunday, a move analysts say is aimed at regaining market share amid resilient crude prices.

India will keep purchasing oil from Russia despite U.S. President Donald Trump`s threats of penalties, two Indian government sources told Reuters on Saturday, not wishing to be identified due to the sensitivity of the matter.

US officials said on Wednesday that they will sanction Brazilian Supreme Court judge Alexandre de Moraes, accusing him of authorising "arbitrary pre-trial detentions" and suppressing "freedom of expression".

Top officials from big US trading partners have rushed to Washington in a bid to strike last-ditch trade deals with Donald Trump less than 24 hours before being hit again with the president’s highest levels of tariffs.

Two resolutions that would have blocked arms sales to Israel in response to civilian casualties in Gaza were blocked in the US Senate on Wednesday, although they garnered more support than similar measures earlier this year.

US President Donald Trump on Wednesday imposed a pared-back import tariff on copper that excluded the metal in its raw form from a 50-percent levy on semi-finished products.

US stock markets mostly retreated and the dollar strengthened on Wednesday after the Federal Reserve left interest rates unchanged and signaled no immediate plans for cuts, defying investor hopes for a more dovish stance.