Washington, Apr 9 (AP): Facing a global market meltdown, President Donald Trump on Wednesday abruptly backed down on his tariffs on most nations for 90 days, but raised his tax rate on Chinese imports to 125 per cent.
It was seemingly an attempt to narrow what had been an unprecedented trade war between the US and most of the world to one between the US and China.
Global markets surged on the development, but the precise details of Trump's plans to ease tariffs on non-China trade partners were not immediately clear.
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Dubai (PTI): Three Indian nationals were injured on Monday after a fire broke out on the Fujairah Petroleum Industries Zone (FOIZ) in the UAE following a drone strike originating from Iran, according to local media reports.
The relevant authorities in the eastern emirate of Fujairah confirmed that a fire has broken out in the FOIZ, resulting from a drone attack coming from Iran, the state-run WAM news agency reported.
Fujairah Civil Defence teams immediately responded to the incident and are continuing efforts to bring the fire under control, it added.
Three Indian nationals sustained moderate injuries after the fire broke out on the FOIZ, the Khaleej Times reported, quoting authorities in Fujairah.
The injured were taken to the hospital for treatment, it added.
In a post on X, the UAE's Ministry of Defence said that Iran launched four missiles toward various areas across the country. "Three were successfully engaged over the country's territorial waters, while one fell into the sea," it said.
The ministry urged the public to comply with all public safety procedures when warning messages are issued to the public.
Authorities have urged the public not to circulate rumours and to rely only on official sources for information, Gulf News reported.
