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Toronto Sun
9 minutes ago
- Toronto Sun
Trump hosts Gulf leaders at White House as new violence raises questions about progress toward peace
Published Jul 16, 2025 • 3 minute read President Donald Trump speaks during a meeting with Bahrain's Crown Prince Salman bin Hamad Al Khalifa in the Oval Office of the White House, Wednesday, July 16, 2025, in Washington. Photo by Alex Brandon / THE ASSOCIATED PRESS WASHINGTON — President Donald Trump is hosting a pair of Arab Gulf leaders at the White House on Wednesday as violence between Israel and Syria renewed doubts about his pledge to impose peace on the Middle East. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Trump held a meeting in the Oval Office with Bahrain's crown prince and was set to have dinner with Qatar's prime minister. The Republican president has lavished attention on the Gulf, a wealthy region where members of his family have extensive business relationships. He has already visited Saudi Arabia, Qatar and the United Arab Emirates on the first foreign policy trip of his second term. With little progress to share on the region's most intractable problems, including the war in Gaza, Trump was more focused Wednesday on promoting diplomatic ties as a vehicle for economic growth. 'Anything they needed, we helped them,' Trump said in the Oval Office while meeting with Bahrain Crown Prince Salman bin Hamad Al Khalifa. 'And anything we needed, they helped us.' Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Bahrain is a longtime ally that hosts the U.S. Fifth Fleet, which operates in the Middle East. Like other Arab leaders, Al Khalifa was eager to highlight the lucrative potential of diplomatic ties with the U.S., including $17 billion of investments. 'And this is real,' he said. 'It's real money. These aren't fake deals.' According to the White House, the agreements include purchasing American airplanes, jet engines and computer servers. More investments could be made in aluminum production and artificial intelligence. Bahrain's king, the crown prince's father, is expected to visit Washington before the end of the year. An important part of the relationship will be an agreement, signed on Wednesday, to advance cooperation on civilian nuclear energy. This advertisement has not loaded yet, but your article continues below. Sheikh Mohammed bin Abdulrahman Al Thani, the prime minister of Qatar and a member of the country's ruling family, is scheduled to attend a private dinner with Trump on Wednesday evening. Trump visited Qatar during his trip to the region, marveling at its palaces and stopping at the Al Udeid Air Base, a key U.S. military facility. The base was targeted by Iran after the U.S. bombed the country's nuclear facilities. One ballistic missile made impact, while others were intercepted. Trump wants to use a luxurious Boeing 747 donated by Qatar as his Air Force One because he's tired of waiting for Boeing to finish new planes. However, the arrangement has stirred concerns about security and the ethics of accepting a gift from a foreign government. This advertisement has not loaded yet, but your article continues below. Aaron David Miller, who served as an adviser on Middle East issues to Democratic and Republican administrations, said 'the Gulf represents everything that Trump believes is right about the Middle East.' 'It's rich, it's stable, it's populated by authoritarians with whom the president feels very comfortable,' he said. Fighting in Syria The fighting in Syria began with clashes between Sunni Bedouin tribes and Druze factions in the country's south. Government forces intervened, raising alarms in Israel, where the Druze are a politically influential religious minority. On Wednesday, Israel launched strikes in the Syrian capital of Damascus. A ceasefire was later announced, but it was unclear if it would hold. This advertisement has not loaded yet, but your article continues below. Secretary of State Marco Rubio, who was in the Oval Office for Trump's meeting with the crown prince of Bahrain, said the fighting was the result of 'an unfortunate situation and a misunderstanding.' He said 'we think we're on our way to a real de-escalation' that would allow Syria to 'get back on track' to rebuilding after years of civil war. Despite an international outcry over its punishing military operations in Gaza, Israel has successfully weakened its enemies around the region, including Hezbollah and Iran. 'There's a growing concern that Israel unleashed…has been a bigger sense of unpredictability,' Brian Katulis, a senior fellow at the Middle East Institute, said. He also warned that 'there's still no game plan to deal with the loose ends of Iran's nuclear program and its other activities in the region,' such as support for the Houthis. RECOMMENDED VIDEO Celebrity Crime Toronto Maple Leafs Entertainment Editorial Cartoons
Winnipeg Free Press
9 minutes ago
- Winnipeg Free Press
20 states sue FEMA for canceling grant program that guards against natural disasters
Twenty Democratic-led states filed suit Wednesday against the Federal Emergency Management Agency, challenging the elimination of a long-running grant program that helps communities guard against damage from natural disasters. The lawsuit contends President Donald Trump's administration acted illegally when it announced in April that it was ending the Building Resilient Infrastructure and Communities program. FEMA canceled some projects already in the works and refused to approve new ones despite funding from Congress. 'In the wake of devastating flooding in Texas and other states, it's clear just how critical federal resources are in helping states prepare for and respond to natural disasters,' said Attorney General Andrea Joy Campbell of Massachusetts, where the federal lawsuit was filed. 'By abruptly and unlawfully shutting down the BRIC program, this administration is abandoning states and local communities that rely on federal funding to protect their residents and, in the event of disaster, save lives.' FEMA did not immediately respond Wednesday to a request for comment. It said in April that the program was 'wasteful and ineffective' and 'more concerned with political agendas than helping Americans affected by natural disasters.' The program, established by a 2000 law, provides grants for a variety of disaster mitigation efforts, including levees to protect against floods, safe rooms to provide shelter from tornadoes, vegetation management to reduce damage from fires and seismic retrofitting to fortify buildings for earthquakes. During his first term, Trump signed a law shoring up funding for disaster risk reduction efforts. The program then got a $1 billion boost from an infrastructure law signed by former President Joe Biden. That law requires FEMA to make available at least $200 million annually for disaster mitigation grants for the 2022-2026 fiscal years, the lawsuit says. The suit contends the Trump administration violated the constitutional separation of powers because Congress had not authorized the program's demise. It also alleges the program's termination was illegal because the decision was made while FEMA was under the leadership of an acting administrator who had not met the requirements to be in charge of the agency. The lawsuit says communities in every state have benefited from federal disaster mitigation grants, which saved lives and spared homes, businesses, hospitals and schools from costly damage. Some communities have already been affected by the decision to end the program. Hillsborough, North Carolina, had been awarded nearly $7 million to relocate a wastewater pumping station out of a flood plain and make other water and sewer system improvements. But that hadn't happened yet when the remnants of Tropical Storm Chantal damaged the pumping station and forced it offline last week. In rural Mount Pleasant, North Carolina, town officials had hoped to use more than $4 million from the BRIC program to improve stormwater drainage and safeguard a vulnerable electric system, thus protecting investments in a historic theater and other businesses. While the community largely supports Trump, assistant town manager Erin Burris said people were blindsided by the lost funding they had spent years pursuing. 'I've had downtown property owners saying, 'What do we do?'' Burris said. 'I've got engineering plans ready to go and I don't have the money to do it.' ___ Associated Press reporters Jack Brook, Michael Casey and Gary D. Robertson contributed to this report. ___ Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
Globe and Mail
19 minutes ago
- Globe and Mail
Why ASML Stock Is Plummeting Today
Key Points ASML published its second-quarter results before the market opened this morning and beat Wall Street's sales and earnings targets. ASML's performance outlook for this year looks strong, but management issued very cautious guidance for next year. The semiconductor equipment specialist is concerned that tariffs and geopolitical risk factors could stifle growth. 10 stocks we like better than ASML › ASML (NASDAQ: ASML) stock is getting hit with big sell-offs Wednesday following the company's recent earnings report. The semiconductor manufacturing equipment specialist's share price was down 7.8% as of 3:20 p.m. ET. The stock had been down as much as 11.2% earlier in the day's trading. ASML published its second-quarter results before the market opened this morning and actually posted sales and earnings for the period that beat Wall Street's targets. But despite strong performance in Q2, the company issued cautious forward guidance -- and investors are selling the stock in response. ASML stock sinks despite strong Q2 results ASML posted a net profit of 2.29 billion euros (roughly $2.66 billion) on sales of 7.7 billion euros (roughly $8.95 billion) in the second quarter. Meanwhile, the average analyst estimate had called for the business to record a profit of 2.04 billion euros on sales of 7.52 billion euros. Sales were up roughly 23% year over year, and the company posted a gross margin of 53.7% in the period. The tech specialist continued to see demand catalysts related to equipment sales for the manufacturing of artificial intelligence (AI) chips, but management issued a cautious outlook for next year. What's next for ASML? On the heels of the strong performance in the second quarter, ASML now expects that it will see annual revenue growth of roughly 15% and gross margin of approximately 52% this year. While those targets might otherwise have been cause for a valuation rally, management said that it could not confidently state that the business would grow next year. With tariffs and other macroeconomic and geopolitical risks, ASML isn't sure that there will be a sales expansion next year -- and investors are selling out of the stock in response to the disappointing guidance. Should you invest $1,000 in ASML right now? Before you buy stock in ASML, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and ASML wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
