RIYADH -- U.S. President Donald Trump on Tuesday secured a 600-billion-U.S. dollar investment commitment from Saudi Arabia in Riyadh and vowed to lift sanctions on Syria.
According to a White House statement, the investment commitment involves agreements spanning various sectors, including "energy security, defense industry, technology leadership, and access to global infrastructure and critical minerals." (Saudi Arabia-U.S.-Visit)
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FRANKFURT -- Germany is expected to lag behind other major global economies in 2025, with its economic output projected to contract by 0.2 percent, according to a forecast released Tuesday by the German Economic Institute (IW).
The Cologne-based think tank cited U.S. trade policies, ongoing global uncertainties, and persistently low levels of investment as the main factors weighing down the German economy, which has already contracted for two consecutive years. (IW-German economy)
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GAZA -- At least six Palestinians were killed and 40 others injured in an Israeli airstrike on the European Hospital in the southern Gazan city of Khan Younis, Gaza-based health authorities said in a statement on Tuesday.
The Palestinian official news agency WAFA reported that 16 people had died in the strike, while other media outlets cited rescuers who put the death toll at 28. (Gaza Strip-Palestinians-Israel)
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WASHINGTON -- The United States on Tuesday announced an arms deal worth nearly 142 billion U.S. dollars with Saudi Arabia, calling it "the largest defense sales agreement in history."
The White House said in a press release that U.S. will provide the Middle East country "with state-of-the-art warfighting equipment and services from over a dozen U.S. defense firms." (U.S.-Saudi Arabia-Arms sales) Enditem
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