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Trading Open Shadowed by Trump Escalation Threats: Markets Wrap
US President Donald Trump’s warning that he may significantly escalate the war in Iran, potentially worsening an energy-price shock that’s already upending the global economic outlook, is shadowing stock, bond and oil markets before the start of the trading week.
Moore: Ending foreign wars ‘best thing that we could do’ to lower gas prices
Maryland Gov. Wes Moore (D) said during an interview broadcast Sunday that ending foreign wars is “the best thing that we could do” to lower gas prices — comments that come amid the U.S.-Israeli conflict against Iran. “There’s been some conversation in this state, at least, about possibly waiving the gas tax for a little…
Commodities worth $225.8m exported from Qom province in a year
TEHRAN- Esfandiar Darikvandi, the director- general of Qom Province ‘s Customs Department, said that commodities worth $225.8 million were exported from the province in the past Iranian calendar year 1404 (ended on March 20).
‘Iran, with a population of 90 million, has no shortage of essential goods’
TEHRAN- The Minister of Agriculture, referring to the experience of a challenging year marked by two wars, stated that despite having a population of 90 million, Iran has so far faced no shortage in the supply of essential goods and food.
Nottingham grocery store owner 'masterminded £40m cigarette smuggling network'
EXCLUSIVE: Nottingham grocery store owner 'masterminded £40m cigarette smuggling network'Hasan Ferhat Baybasin has been arrested as part of an international anti-mafia investigation into a vast network of tobacco smugglers moving huge illegal shipments around the worldNewsTom Pettifor Crime Editor20:02, 05 Apr 2026View 7 ImagesHasan Ferhat Baybasin appeared in court last week(Image: Europol)The owner of a Nottingham grocery store has been arrested on suspicion of masterminding a £40mil...
Tanzania seeks new markets amid meat export disruptions
Tanzania is urgently seeking ways to safeguard its growing meat export industry after export volumes have significantly declined in recent weeks due to cargo disruptions linked to the ongoing conflict in the Middle East.According to data from the Tanzania Meat Board, weekly meat shipments dropped from approximately 387 tonnes during the week of February 7–14, 2026, to about 147 tonnes between March 7–14, representing a 62 percent decline in just one month. Exporters attribute this decrease to re...
Sheikh Mohammed: The UAE is among top 10 global exporters for first time
Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced that the UAE has entered the world’s top 10 exporters of goods for the first time, according to the latest report by the World Trade Organisation (WTO).In a post shared on his X account, Sheikh Mohammed said that the UAE advanced from 17th to 9th globally within just five years, underscoring the country’s accelerating economic growth and global trade com...
Tax day is next week: Avoid these 5 common mistakes that can cost you money
Tax season is stressful enough, but avoidable mistakes can turn a routine filing into an expensive headache.With Tax Day just 10 days away, even small errors can mean the difference between a smooth refund and frustrating delays. In some cases, they can even trigger IRS notices or unexpected penalties.Here are five common filing missteps to watch out for and how to avoid them:Your filing status is one of the most important choices on your tax return because it helps determine your tax rate, your...
‘Affordability’ could eventually bite Democrats in the bum
Democrats are focusing on affordability in the midterm elections, but without a longer-term vision, they risk being exposed for 2028 and beyond, as there is no quick fix to the entrenched economic realities facing Americans.
Provinces take coordinated action to ease fuel burden
In response to the ongoing global energy crisis triggered by the conflict in the Middle East, the governments of Balochistan and Khyber-Pakhtunkhwa (K-P) announced strict energy conservation measures, while Sindh moved to freeze transport fares to provide relief to the public. Both Balochistan and K-P governments set early market closing times to conserve energy, control electricity production costs, and provide relief to citizens affected by escalating global fuel prices. A notification...
Gwadar gains traction amid shifting dynamics
Gwadar's transformation from a quiet coastal outpost into a bustling maritime gateway is gathering pace, as rising cargo volumes and improving infrastructure begin to reshape its economic narrative and regional significance. The latest sign of this momentum came with the successful docking of the cargo vessel MV Riva Glory, which arrived carrying 14,629 metric tonnes of goods - a development, officials describe as another concrete step towards positioning Gwadar as a vital node in regi...
K-P unveils Rs1tr package for merged districts
Khyber-Pakhtunkhwa (K-P) Chief Minister Sohail Afridi on Sunday announced a massive Rs1 trillion development package for the merged districts of the K-P, with Rs400 billion earmarked for health and education. Speaking at the Bajaur Sports Complex after meeting leaders of the Qaumi Aman Jirga, Afridi said the development plan would cover key sectors aimed at improving living standards in the districts. The chief minister said the PTI's provincial government is committed to ensuring tha...
Hormuz Tracker: Iraq-Linked Oil Tanker Exits Hormuz Via Iran
A Suezmax oil tanker hauling about 1 million barrels of Iraqi crude exited the Persian Gulf via a northerly route through Iranian waters on Sunday morning, according to vessel-tracking data compiled by Bloomberg.
Farmers slam 'inadequate' subsidy
The Sindh Abadgar Board, a farmers' lobbying group, has deplored what it argued to be an insufficient amount of subsidy being extended by the provincial government to small farmers in Sindh. A meeting of the board, chaired by Mahmood Nawaz Shah in Hyderabad on Sunday, noted that a paltry sum of Rs1,500 per acre is being offered to the small farmers. "The Hari Card is though a positive move by the government, it does not cover even 20% of the province's small growers," rea...
Baby among three killed after tree topples during Easter egg hunt
A 10-month-old girl has died along with two other people after a tree toppled during an Easter egg hunt in northern Germany, police say.The 100-foot tree fell on four people participating in the event on Sunday morning in woods near the town of Satrupholm.The baby girl died in hospital, while her 21-year-old mother died at the scene as she was being treated by first responders, as did another 16-year-old girl.An 18-year-old woman suffered serious injuries and was brought to the hospital by helic...
Balochistan, KP announce energy conservation measures, set closure timings for markets, eateries, wedding halls
QUETTA/ PESHAWAR: Balochistan and Khyber Pakhtunkhwa governments announced energy conservation measures on Sunday, setting timings for the closure of markets, eateries and wedding halls. According to a notification issued by the Balochistan Home Department, all markets and shopping centres are to be closed by 8pm. However, pharmacies, tandoors and bakeries have been exempted from the restriction. The notification also stated that all events being held in wedding halls, banquet halls and hotels m...
OPEC+ to ramp up oil output in May amid global energy crisis
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, on Sunday decided to increase oil output by 206,000 barrels per day in May, according to an OPEC statement.
Nepal announces two-day weekends as fuel crisis caused by Iran war deepens
Saturday had been the only day off in Himalayan nation, which relies almost entirely on India for its fuel supplies.
Motorcycle subsidy fails to deliver relief
While implementation has commenced following the government's announcement of a reduction in petrol prices, the promised relief for motorcycle riders, however, has yet to materialise. The unchanged price of diesel has prevented any reduction in passenger and goods transport fares. Goods transport operators have reportedly increased freight charges by a staggering 60 to 65 per cent, significantly raising the cost of transporting essential food items and daily necessities. In the twin...
Multaqa Al Tujjar Forum in Abu Dhabi unveils ADEED platform to boost supply chain resilience
The Abu Dhabi Chamber of Commerce and Industry hosted the Multaqa Al Tujjar: Private Sector Leaders & Decision Makers Forum at the Abu Dhabi Energy Centre, and it saw participation from senior government representatives and leading figures from the private sector and business community aimed at strengthening coordination, addressing market priorities, and advancing a shared economic agenda. The forum follows high-level meetings held during past weeks, bringing together government bodies and...