The first Arabic newspaper upon its establishment, speaking in Arabic, English and French. Its headquarters are in London and Cairo, and soon in the Gulf countries and the Maghreb.
European stocks fell on Wednesday as the US tariffs took effect, exacerbating concerns about the economic damage caused by the trade war, which has even extended to the bond market.
The STOXX Europe 600 index fell 2.5%, erasing the previous session's gains. The leading stock market index in Germany, highly influenced by trade, lost 2.1%.
Energy stocks tumbled 3.8% as oil prices fall to their lowest levels in four years, while mining stocks fell 4% after a massive 104% tax was imposed on China, the world's largest metals exporter.
Bank stocks, which are sensitive to interest rate movements, fell 2.8% amid consensus of traders' expectations that the European Central Bank will cut interest rates next week to support the slumping economy.
Investors are reducing their holdings of US government bonds, traditionally viewed as safe assets, and shifting to cash.
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