Syria to sign 44 agreements worth nearly $6 billion with Saudi Arabia
He spoke at a press conference as Damascus hosts a Saudi-Syrian investment conference attended by a top Saudi business delegation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
27 minutes ago
- Reuters
Euro rises after US, EU agree to tariff deal
TOKYO, July 28 (Reuters) - The euro gained on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest in a flurry of deals to avert a global trade war. Meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal, which will result in a 15% tariff on EU goods, half what Trump had threatened to impose from August 1. Senior U.S. and Chinese negotiators are due to meet in Stockholm on Monday with an aim to extend a trade truce and prevent steep tariff hikes. Meanwhile, investor attention is shifting towards corporate earnings and central bank meetings in the U.S. and Japan. "It could be a positive week, just purely from the fact that now we know the rules of the game, if you like," said Rodrigo Catril, senior currency strategist at National Australia Bank. "Now that there is more clarity, you would think that not only in the U.S., but around the globe, there will be a little bit more willingness to look at investment, to look at expansions, and to look at where the opportunities are," he said on a NAB podcast. The euro stood at $1.1763 , up 0.2% so far in Asia. The common currency rose 0.2% to 173.78 yen . Trump said the EU plans to invest some $600 billion in the U.S. and dramatically increase its purchases of American energy and military equipment. The pact is similar to one forged with Tokyo negotiators last week that will see Japan investing some $550 billion in the U.S. and a 15% tariff imposed on its cars and other imports. The baseline 15% tariff will still be seen by many in Europe as too high, compared with Europe's initial hopes to secure a zero-for-zero tariff deal. China is facing an August 12 deadline to reach a durable trade pact with the U.S. No breakthrough is expected in the U.S. and China talks in Stockholm, but analysts said another 90-day extension of a trade truce struck in mid-May was likely. The U.S. dollar advanced on Friday, bolstered by solid economic data that suggested the Federal Reserve could take its time in resuming interest rate cuts. Both the Fed and the Bank of Japan are expected to hold rates steady at this week's policy meetings, but traders are focusing on the subsequent comments to gauge the timing of the next moves. The dollar was little changed at 147.68 yen . The dollar index , which tracks the greenback against major peers, fell 0.1% to 97.534. Sterling traded at $1.34385 , down almost 0.1%. The Australian dollar fetched $0.6576 , up 0.2%, while New Zealand's kiwi dollar was flat at $0.6019 .
Reuters
an hour ago
- Reuters
CK Hutchison confirms period expired for talks with BlackRock consortium
HONG KONG, July 28 (Reuters) - Hong Kong's CK Hutchison ( opens new tab said on Monday that the period had expired for exclusive talks between the company and a BlackRock-led (BLK.N), opens new tab group for a contract to sell two port operations near the Panama Canal. The group, however, remains in discussions with members of the consortium, it said, with a view of inviting a major strategic investor from China to join as a member of the consortium.
Daily Mail
an hour ago
- Daily Mail
STEPHEN GLOVER: Starmer is right to reject demands to recognise a Palestinian state. But how long can this master of the U-turn hold firm?
When the Prime Minister meets Donald Trump in Scotland today they will have many more pressing matters to discuss than the American President's golf swing. Gaza faces the prospect of mass starvation. The decision of Israel 's government on Saturday night to let in limited humanitarian aid will provide some relief but the crisis certainly hasn't passed.
