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GCC faces economic challenges amid new US tariffs and trade tensions
Japanese stocks are poised for their largest weekly decline since 2020 amid tariff concerns, as Gulf Cooperation Council nations face a 10% US tariff under Trump's new trade policy. While oil exports remain exempt, sectors like aluminum and petrochemicals may suffer from rising costs and supply chain disruptions. Regional equity markets reacted negatively, with significant declines in the UAE, while Qatar's indices showed resilience, reflecting its diversified economic positioning.
us tariffs impact gcc economies while oil exports remain exempt
Gulf Cooperation Council (GCC) nations face a 10% US tariff under new trade policies, impacting sectors like aluminum and petrochemicals, while oil exports remain exempt. Regional equity markets reacted negatively, with declines in most GCC indices, except Qatar, which saw gains. Analysts warn of rising costs and supply chain disruptions, urging GCC businesses to diversify trade relationships and strengthen compliance to mitigate risks.
barclays lowers dow inc price target to thirty eight dollars
Barclays has lowered its price target for Dow Inc. to $38 from $44 while maintaining an equal-weight rating. Dow specializes in manufacturing and marketing a range of products, with net sales primarily from basic plastics (50.7%), elaborate plastics (27.6%), and performance chemicals (20%). Geographically, sales are distributed across the U.S. and Canada (38.2%), Europe/Middle East/Africa/India (32.5%), Asia/Pacific (17.9%), and Latin America (11.4%).
nissan appoints new ceo to accelerate turnaround and boost model development
Nissan's new CEO, Ivan Espinosa, aims to accelerate decision-making and model development to revitalize the struggling automaker, emphasizing a need for a more empathetic corporate culture. He plans to introduce new vehicles in 30 to 37 months and is open to partnerships beyond the auto industry, while showcasing a lineup that includes electric and hybrid models. Meanwhile, Saudi Arabia's telecom sector marks a milestone with the launch of its first live Cloud Radio Access Network site, enhancing 5G capabilities and supporting the Kingdom's digital transformation initiatives.
hermès appoints new board members including bnpparibas ceo and former spy chief
Hermès International is appointing BNP Paribas CEO Jean-Laurent Bonnafé and former French spy chief Bernard Emié to its board, replacing Dominique Senequier and Alexandre Viros, respectively. The changes will be voted on at the shareholders' meeting on April 30 in Paris. Bonnafé and Cécile Béliot-Zind, CEO of Bel Group, will serve three-year terms, while Emié's term will last two years.
oil prices surge amid middle east tensions and us sanctions
Oil prices surged last week, marking their strongest weekly gain since January, driven by escalating tensions in the Middle East and new US sanctions on Iran and Venezuela. The risk premium from potential conflicts, including the fragile ceasefires involving Israel, has contributed to this rise. However, anticipated increases in OPEC+ oil supply may limit further price gains.
huckabee faces senate confirmation amid renewed conflict in gaza
Mike Huckabee, nominated by President Trump as ambassador to Israel, faces a Senate confirmation hearing amid renewed conflict in Gaza. Known for his strong pro-Israel stance, Huckabee opposes a two-state solution and has previously supported annexation of the West Bank. His confirmation could further complicate U.S. policy in the Middle East, especially as Israeli military actions escalate.
parsons leads in infrastructure development and cybersecurity solutions globally
A directed energy laser system has been approved for export to Ukraine to aid in demining efforts, as over 40% of the country is mine-affected. The company plans to leverage its experience in military and infrastructure projects, including missile defense and environmental remediation, while also focusing on border security and urban development in the Middle East. With a strong portfolio in cybersecurity and critical infrastructure protection, the firm aims to align with new defense priorities and capitalize on emerging markets.
nissan appoints ivan espinosa as new ceo amid financial struggles
Nissan's CEO, Makoto Uchida, is stepping down amid poor financial results and failed merger talks with Honda. Ivan Espinosa, the current chief planning officer with extensive experience in Mexico, will succeed him on April 1, as the company seeks a turnaround strategy. Analysts express skepticism about the leadership change, emphasizing the need for an outsider to drive significant improvements.
nissan appoints ivan espinosa as new ceo amid financial struggles
Nissan's CEO, Makoto Uchida, is stepping down amid poor financial results and failed merger talks with Honda. Ivan Espinosa, the current chief planning officer with extensive experience in Mexico, will succeed him on April 1, as the company seeks a turnaround strategy. Analysts express skepticism about the leadership change, emphasizing the need for an outsider to drive significant improvements.
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