ABU DHABI / WAM A report issued by the UAE Ministry of Economy (MoE) on the World Trade Organisation’s Trade Policy Review of the United States shows that despite shifts in the US trade policy towards increasing protectionism across multiple sectors, the US remains committed to working with all WTO members in maintaining fair and reciprocal trade partnerships. The report, …

Bloomberg The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travellers shift towards electric cars or even forgo the open road in favor of trains. China’s oil consumption will peak in 2025, five to eight years earlier than market consensus, according to Morgan Stanley analysts including Andy Meng. …

Bloomberg US stocks bounced back from the worst week of the year, as the latest retail-sales data boosted confidence that the economy isn’t headed for a downturn. Treasuries slipped and the dollar held steady. The S&P 500 rose for the first time in six days, while the Nasdaq 100 jumped after Nvidia agreed to a deal and Apple was upgraded. …