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May 6, 2025

Ferrari Warns of US Tariff Risks Despite 17% Rise in Q1 Profit

Maranello: Ferrari posted a significant rise Tuesday in its quarterly profit as it warned about risks related to US tariffs that may affect its earnings in 2025. The Italian luxury carmaker reported a net profit of £412 million ($466.3 million) in the…

Oman Announces Ceasefire Agreement Between US, Yemen’s Houthis

Ankara: Oman on Tuesday announced that its mediatory efforts led to a ceasefire between the US and Houthis in Yemen, after President Donald Trump said the group will not be carrying out attacks on commercial ships. ‘Following recent discussions and co…