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Global financial markets plunged into turmoil after US President Donald Trump unveiled sweeping new tariffs on key trading partners, fuelling investor fears of a wave of retaliatory measures and a synchronised economic slowdown.
LONDON: American football team the San Francisco 49ers have secured marketing, fan-engagement and commercial rights in the UAE.
Risk-off sentiment prevailed in the global markets last week after US President Donald Trump confirmed that he would proceed with auto and reciprocal tariffs on Wednesday this week. Adding to concerns, hotter-than-expected US Personal Consumption Expenditure (PCE) data fuelled worries that the US economy may be slipping into stagflation, with potential repercussions for global markets.
RIYADH: Following three stages in Ajman, Doha and Muscat, the Global Champions Arabians Tour makes its return to Riyadh for the fourth stage of the Europe and Middle series — the final stop in the Middle East and the pivotal halfway point of this eight-stage 2025 tour.
Last week, global stock markets came under pressure as major central banks expressed concerns over growth and inflation, driven by Trump’s tariffs. Investors will now turn their attention to manufacturing and services Purchasing Managers’ Indexes (PMIs) for insights into the economic trajectory. Additionally, the EU summit on Ukraine aid and the bloc’s role in peace negotiations will be a key event for European equities.
Businesses across major economies including the EU are expected to cut back on investment plans due to increased uncertainty.
The International Kabaddi Federation (IKF) on Wednesday declared that the World Cup being held in London is not an "authorised" event and asked the sport's Indian apex body to act against the team that had gone to take part in the tournament. Kabaddi World Cup 2025 is being held in the West Midlands from March 17 to 23. The tournament is being hosted by the England Kabaddi Association and the British Kabaddi League (BKL) under the aegis of World Kabaddi Federation, a parallel international governing body of the sport.
(Corrects spelling of 'Sportradar' throughout and changes headline and story to reflect that Sportradar Group have acquired, not bought, IMG Arena and its portfolio of global sports betting rights)