Trump US to levy 100% tariff on imported chips, some firms exempt
President Donald Trump said the US will impose a tariff of about 100 percent on imports of semiconductors but offered up a big exemption —…
Vision 2030 Boosted Saudi Arabia’s Ability to Reassess Spending
Saudi Arabia’s Ministry of Finance said the kingdom is now better equipped to reassess its spending priorities during times of economic uncertainty, crediting reforms under…
Fitch-rated sukuk surpasses $210bn as market expands 16%
The value of sukuk rated by Fitch Ratings exceeded $210 billion in the first half of 2025, marking a 16 percent increase from a year…
King Abdulaziz Foundation for Research and Archives to Host Forum on History of Hajj, Two Holy Mosques
The King Abdulaziz Foundation for Research and Archives (Darah) is preparing to host an international forum highlighting the history of Hajj and the Two Holy…
Tesla Sales Fall More Than Half in Two of Europe’s Biggest Car Markets
Tesla’s new car registrations in Britain and Germany, Europe’s biggest auto markets, more than halved in July from a year earlier, despite growth in the…
RFK Jr cancels $500m funding for mRNA vaccines for diseases like Covid
The US Department of Health and Human Services (HHS) plans to cancel $500m (£376m) in funding for mRNA vaccines being developed to counter viruses that…
Oceangate’s Titan whistleblower: ‘People were sold a lie’
When the Titan submersible went missing during a dive to the wreck of the Titanic in 2023, David Lochridge hoped the five people on board…
Hiroshima Japan marks 80 years since atomic bombing
A silent prayer was held in Japan on Wednesday morning as it marked 80 years since the United States dropped an atomic bomb on the…
Meet the new ‘bulletproof’ wood
Clad it with a new type of modified wood, and it might, says Alex Lau, co-founder and executive chairman of InventWood. The US-based company has…
Heat records broken in Japan
Seventeen heat records were broken in Japan on Monday, the weather agency said, after the country sweltered through its hottest ever June and July. Heatwaves…