WASHINGTON -- U.S. and Iranian negotiators have reached an agreement on a memorandum of understanding (MoU) to extend the ceasefire by 60 days and launch talks on Iran's nuclear program, but U.S. President Donald Trump has yet to give his final approval, U.S. media Axios reported Thursday, citing U.S. officials and a regional source.
The U.S. negotiators briefed Trump on the details of the final deal, but he did not immediately sign off, said the report. (US-Iran-Agreement)
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TEHRAN -- Iran's air defenses were activated Thursday night in the southern province of Bushehr, with an "invading" U.S. drone destroyed, Iran's media reported.
The semi-official Tasnim news agency cited a military source as saying that Iran's air defenses intercepted an "invading" U.S. drone near Bushehr by firing missiles. (Iran-US-Strikes)
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NEW YORK -- U.S. economic growth in the first quarter was significantly weaker than initially estimated, while consumer inflation remained elevated in April, official data showed Thursday.
GDP expanded at an annual rate of just 1.6 percent in the first quarter, according to a revised reading from the Commerce Department. The figure represents a sharp downgrade from the initial estimate of 2.0 percent, missing market consensus expectations that the earlier estimate would hold. (US-GDP-Inflation)
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RIGA -- Latvia's parliament (Saeima) on Thursday approved a new cabinet line-up, with Andris Kulbergs of the United List alliance becoming prime minister.
Before the Saeima vote, a cooperation agreement and a declaration of the Cabinet of Ministers were signed among the coalition parties -- the United List alliance, the National Alliance, New Unity, and the Union of Greens and Farmers.
Under the new coalition agreement, all key posts were allocated among the four ruling parties, with Daiga Mierina from the Union of Greens and Farmers remaining as Saeima speaker. (Latvia-Parliament-Government) Enditem
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