US markets edge higher ahead with mixed sentiment amid economic concerns

US markets showed slight gains in trading on Friday, continuing their recent upward momentum. With minimal news driving trading, market participants awaited the latest updates on consumer sentiment and inflation. The Dow Jones Industrial Average edged lower by 37.71 points to 42,285.04 (-0.09%), while the Nasdaq Composite rose 31.66 points to 19,143.98 (+0.17%) at the…

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Trump announces over $200 billion in US-UAE deals; Etihad orders 28 Boeing jets

US President Donald Trump on Thursday announced a series of business deals worth more than $200 billion between American companies and the United Arab Emirates, marking a major milestone in trade relations between the two nations.The agreement confirmed a $14.5 billion deal involving US aviation giants Boeing and GE Aerospace, and UAE’s national airline, Etihad…

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Celebi shares crash 10% after India revokes security clearance for Turkey’s Celebi Airport Services ‘in interest of national security’

The company’s shares dropped by 222 points (10%) to TRY 2,002 on May 16, continuing a substantial downward trend. (AI image) Celebi share price crash after India ban: Celebi Hava Servisi AS shares plunged in trade on Thursday with a significant 10% decline on the Istanbul Stock Exchange following the Indian authorities’ withdrawal of security…

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US overtakes UAE to become India’s 4th largest crude oil supplier; Russia still tops the chart

India seeks to enhance its energy procurement from the US, responding to President Donald Trump’s desire to address bilateral trade disparities. (AI image) The United States of America has become the world’s fourth largest supplier of crude oil to India, overtaking the UAE. According to Vortexa, an energy cargo tracking firm, India’s US crude imports…

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Donald Trump’s dream to have Apple ‘Make in US’ may raise iPhone price to $3,000: Experts

A potential relocation of Apple’s manufacturing operations from India to the US would result in increased labour expenses. (AI image) US President Donald Trump’s dream to have Apple manufacture iPhones in America may end up pushing the smartphone’s price to thrice its current level! Market analysts indicate that manufacturing iPhones in the United States rather…

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Adani ends tie-up with China-based lounge access provider DragonPass

NEW DELHI: The Adani Group has ended its partnership with Chinese company DragonPass, which is a platform offering airport lounge access service. Adani currently runs airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati & Thiruvananthapuram and is building the upcoming one at Navi Mumbai.“Our association with DragonPass, which provided access to airport lounges, has been…

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India’s first monthly job survey shows 5.1% unemployment rate in April 2025

India’s unemployment rate stood at 5.1 per cent in April 2025, according to the country’s first-ever monthly labour force data released by the Ministry of Statistics and Programme Implementation on Thursday.The release marked a significant shift in employment monitoring, as job data until now had been published only on quarterly and annual bases.The ministry launched…

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