Author: arabcolumnist.com

Boeing significantly narrowed its quarterly losses and posted stronger-than-expected revenue, marking a notable step forward in the aerospace manufacturer’s ongoing recovery efforts. The company reported a net loss of $176 million for the second quarter ending June 30, a sharp reduction from the $1.09 billion loss recorded in the same period last year. Revenue rose 35% year over year to $22.75 billion, surpassing analysts’ estimates compiled by LSEG. The performance was underpinned by Boeing’s strongest delivery numbers since 2018, with 150 commercial aircraft handed over during the quarter. That figure includes 102 units of the 737 Max, 24 Dreamliners, 13 Boeing 777s, and…

Shares of leading liquefied natural gas companies surged on Monday following the European Union’s announcement of a $750 billion agreement to import U.S. energy products. The deal, described by European Commission President Ursula von der Leyen as a strategic move to reduce reliance on Russian energy, includes purchases of American LNG, oil, and nuclear fuels over a three-year period. Energy exporters Cheniere Energy and Venture Global LNG saw respective gains of over 1% and 4%, while infrastructure developers New Fortress Energy and NextDecade Corporation also recorded increases. The rally reflects investor optimism around future demand for U.S.-produced energy, which has grown since Europe began shifting away from Russian supplies after the…

President Donald Trump has sharply reduced his previously announced deadline for Russia to cease its military operations in Ukraine, warning that new economic sanctions and tariffs will be imposed if a peace agreement is not reached within the next 10 to 12 days. Speaking during a bilateral meeting with British Prime Minister Keir Starmer in Turnberry, Scotland, Trump said the decision to accelerate the timeline from 50 days was based on what he described as a lack of meaningful progress from Moscow. Trump expressed frustration with Russian President Vladimir Putin, stating that although talks had taken place, attacks on Ukrainian cities continued. Referring specifically to recent rocket strikes on…

U.S. President Donald Trump announced on Sunday a new trade agreement with the European Union, following high-level negotiations with European Commission President Ursula von der Leyen in Turnberry, Scotland. The deal introduces a 15 percent tariff on most goods imported from EU countries, down from the 30 percent rate initially proposed by the U.S. administration. The agreement is expected to take effect on August 1. The announcement comes after months of escalating trade tensions between the two economic powers, with Trump citing a U.S. trade deficit of $235.6 billion with the EU in 2024. According to Trump, the new tariff structure aims to establish a more equitable trade balance and prevent what he…

A planet with potential for habitability has been discovered approximately 35 light years from Earth by a research team at the Trottier Institute for Research on Exoplanets at the University of Montreal. The discovery was made using data from NASA’s  Transiting Exoplanet Survey Satellite, also known as TESS, which allowed scientists to identify a fifth planet in the L 98-59 star system. Named L 98-59 f, the newly detected planet is part of a compact and diverse system orbiting a red dwarf star. It is located within the system’s habitable zone, where conditions may permit the presence of liquid water. The planet receives…

The European Medicines Agency (EMA) has issued a positive recommendation for the authorization of lenacapavir, a twice-yearly injectable medication for HIV prevention. Marketed in Europe under the name Yeytuo by Gilead Sciences, the drug is now positioned for formal approval by the European Commission, which would allow its use across all 27 European Union member states, along with Iceland, Norway and Liechtenstein. Lenacapavir is a pre-exposure prophylaxis (PrEP) medication that has demonstrated near-total effectiveness in preventing HIV transmission. In two large Phase 3 clinical trials, PURPOSE 1 and PURPOSE 2, the drug was found to be 100 percent effective among women in sub-Saharan Africa and 99.9 percent…

The United Kingdom and India have signed a landmark Free Trade Agreement (FTA) valued at nearly £6 billion, marking the most economically significant UK trade pact since Brexit. Prime Minister Sir Keir Starmer and Indian Prime Minister Narendra  Modi formalised the deal at Chequers, the UK Prime Minister’s official country residence. The agreement is expected to boost bilateral trade by approximately £25.5 billion annually by 2040 and generate more than 2,200 new jobs in the UK. Modi and Starmer formalise bilateral trade partnership The FTA delivers substantial tariff reductions across a wide range of sectors. UK whisky exports will see immediate import duty cuts from 150% to 75%, decreasing…

Alphabet Inc., the parent company of Google, posted stronger-than-expected second-quarter earnings, supported by robust performance in advertising and accelerated growth in its cloud business. The company reported adjusted earnings per share of $2.31 on revenue excluding traffic acquisition costs of $81.7 billion, exceeding analyst expectations of $2.17 per share on $79.6 billion in revenue. Total revenue for the quarter ending June 30 reached $96.43 billion, up 14% from the same period last year. Google CEO, Sundar Pichai Alphabet’s advertising segment generated $71.3 billion, surpassing projections of $69.6 billion. Search revenue reached $54.1 billion, while YouTube ads accounted for $9.8 billion, both…

U.S. Treasury yields moved slightly higher on Thursday following fresh economic data that suggested continued resilience in the U.S. labor market. The benchmark 10-year Treasury yield edged up more than one basis point to 4.404%, while the yield on the 2-year Treasury note rose over three basis points to 3.918%. In contrast, the 30-year Treasury yield recorded a marginal decline, slipping less than one basis point to 4.943%. Labor data surprises markets with fewer jobless claims The movement in yields came after the U.S. Department of Labor reported that jobless claims for the week ending July 19 totaled a seasonally adjusted…

U.S. President Donald Trump is scheduled to visit the Federal Reserve on Thursday, marking a rare and highly symbolic move that intensifies his ongoing pressure campaign against Federal Reserve Chair Jerome Powell. The White House confirmed the visit, which will take place at 4:00 p.m. Eastern Time, making it the first official presidential trip to the central bank in nearly twenty years. The visit comes amid Trump’s repeated public criticism of Powell over the Federal Reserve’s decision to keep interest rates elevated. President Donald Trump ramps up scrutiny on Fed leadership. Trump has openly expressed frustration over the central bank’s policy stance and…