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Yahoo
23 minutes ago
- Yahoo
Israel bombs Syrian forces entering Druze city after sectarian clashes
Israel says it has bombed Syrian government forces around Suweida, as they entered the predominantly Druze city following two days of deadly sectarian clashes. At least 200 people have been killed since the fighting between Druze militias and Bedouin tribes erupted on Sunday, UK-based monitoring group the Syrian Observatory for Human Rights (SOHR), reported. Israel's prime minister Benjamin Netanyahu said he had ordered strikes on forces and weapons in the Suweida area because the government "intended to use [them] against the Druze". Syria has condemned Israel's involvement and said the strikes had resulted in the deaths of members of the armed forces and civilians. This is the first time that Syrian government forces have been deployed to Suweida since Islamist-led rebels overthrew President Bashar al-Assad in December. Many minority communities - including the Druze, whose religion is an offshoot of Shia Islam with its own unique identity and beliefs - are suspicious of interim President Ahmed al-Sharaa's government despite his pledges to protect them. Until now, the province of Suweida had remained largely under the control of Druze militias which resisted calls to join the security forces. Netanyahu has said he is committed to preventing harm to the Druze in Syria because of their deep ties to those living in Israel and the Israeli-occupied Golan Heights. Syria's foreign ministry said in a statement on Tuesday that Israel holds full responsibility for the latest attacks on southern Syria and the consequences. The Trump administration has now asked Israel to cease its strikes on Syrian military forces, US news outlet Axios reported, citing a US official. Israel reportedly said it would stop the attacks on Tuesday evening. Earlier on Tuesday, Syria's defence minister announced a ceasefire in Suweida, saying an agreement had been reached with local dignitaries for security forces to deploy there. However, one Druze spiritual leader urged local fighters to resist. Following the deployment of Syrian forces, SOHR accused government forces and their allies of the summary executions of at least 19 Druze civilians, including 12 at a family guest house. The SOHR further said members of the ministry of defence had carried out "systematic acts of vandalism targeting civilian homes and property" including "stealing the contents of homes, smashing doors and windows, and then setting fire to some of them". Men in military uniform were seen burning and looting homes and shops, Reuters news agency reported. Syrian authorities did not immediately responded to the allegations. A Suweida resident told BBC Arabic the situation in Suweida was "catastrophic", with indiscriminate shooting prompting people to "flee towards the countryside" despite a curfew declared by Syrian authorities. Dozens killed in clashes between Druze and Bedouin in southern Syria Deadly clashes in Syria's Druze areas raise fears of widening unrest 'We're not safe here anymore' - Syria's Christians fear for future after devastating church attack The fighting between Bedouin tribes and Druze militias in Suweida was reportedly sparked by the robbery and abduction of a Druze merchant on the highway to Damascus last Friday. On Sunday, armed Druze fighters reportedly encircled and later seized the city's al-Maqwas neighbourhood, which is inhabited by Bedouin. The clashes soon spread into other parts of Suweida province, with tribesmen reportedly launching attacks on Druze towns and villages on the city's outskirts. As the death toll reached 30, Syria's interior ministry announced that its forces and those of the defence ministry would intervene and impose order, saying the "dangerous escalation comes in light of the absence of relevant official institutions". There was a brief period of calm on Sunday night, after mediation between Bedouin and Druze leaders resulted in the release of people kidnapped by both sides, according to activist-run news outlet Suwayda 24. But on Monday, it said the fighting had resumed in the countryside west of the city after drones attacked villages at the same time as government forces deployed in nearby areas of eastern Deraa province. Later, Suwayda 24 reported that villages in the area were also hit by mortar fire and that dozens of dead and wounded had been brought to local hospitals. Meanwhile, the Israeli military said it had struck several government tanks to prevent them advancing towards Suweida city. Israeli Defence Minister Israel Katz said the strikes were a "clear warning to the Syrian regime". Among those killed in the fighting are children, Druze, Bedouin and Syrian security forces personnel, according to the SOHR. The BBC has been unable to independently verify casualty figures. On Tuesday morning, the Druze spiritual leadership said they had agreed to allow government forces to enter Suweida province in order to end the bloodshed and called on all armed groups there to co-operate and hand over their weapons. But hours later, influential Druze Sheikh Hikmat al-Hajri posted a video calling on Druze fighters to "resis[t] this brutal campaign by all available means", accusing government forces of bombarding Suweida city in violation of a ceasefire agreement. As security forces entered the city, Defence Minister Maj Gen Murhaf Abu Qasra announced a "complete ceasefire", saying an agreement had been reached with "notables and dignitaries". "Suweida neighbourhoods will be under the control of Internal Security Forces as soon as combing operations are completed in order to control the chaos, secure return of residents to their houses," he added. Early on Tuesday afternoon, Israeli Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz said they had directed the Israeli military to immediately attack Syrian forces and weaponry sent to the Suweida area "that the regime intended to use against the Druze". They accused the Syrian government of contravening "the demilitarisation policy they decided on" and of endangering Israel by deploying forces there. The Syrian Observatory shared a video that it said showed at least one member of the security forces who was killed in an Israeli strike on a convoy. There was no immediate response from the Syrian government. Earlier this year, Netanyahu warned that he would not "tolerate any threat" to Syria's Druze and demanded the complete demilitarisation of Suweida and two other southern provinces. He said Israel saw interim President Sharaa's Sunni Islamist group, Hayat Tahrir al-Sham (HTS), as a threat. HTS is a former al-Qaeda affiliate that is still designated as a terrorist organisation by the UN and UK, but no longer the US. The Israeli military has already carried out hundreds of strikes across Syria to destroy the country's military assets since the fall of the Assad regime. And it has sent troops into the UN-monitored demilitarised buffer zone between the occupied Golan Heights and Syria, as well as several adjoining areas and the summit of Mount Hermon.
Yahoo
26 minutes ago
- Yahoo
Trump's $100B AI Shockwave: Nvidia Back in China, Coal Back on the Grid
The Trump administration is preparing a full-court press on artificial intelligence, with a major policy address scheduled for July 23 titled Winning the AI Race. It's expected to be Trump's most detailed take on the technology to date. The event is backed by White House AI and crypto advisor David Sacks and his All-In podcast co-hosts. Behind the scenes, a sweeping AI action plan is nearing completionbuilt with heavy industry inputand could soon be cemented by executive order. The blueprint focuses on cutting red tape, expanding energy access for data centers, and getting federal buy-in on a more streamlined, pro-growth regulatory regime. Warning! GuruFocus has detected 4 Warning Signs with NVDA. One of the headline shifts: the U.S. now plans to allow AI chipmakers to resume some exports to China. That includes Nvidia (NASDAQ:NVDA)'s H20 chips, a move seen as a significant win for CEO Jensen Huang, who has been openly critical of prior export bans. Huang met privately with Trump in Washington last week, where discussions reportedly focused on boosting U.S. AI competitiveness. For Nvidia and AMD, this could reopen a multi-billion-dollar channel that had been shut off earlier this year. The reversal comes amid growing concern over China's rapid AI developmenthighlighted by DeepSeek's surprisingly cheap R1 model that raised eyebrows across Wall Street in January. Energy is also taking center stage. With AI data centers projected to more than double their share of U.S. electricity demand by 2035from 3.5% to 8.6%the Trump team is calling for expanded use of coal, gas, and nuclear power. Earlier this year, Trump helped broker a $100 billion data center investment involving SoftBank, Oracle, and OpenAI. Meanwhile, a controversial bid to preempt state AI laws for a decade was ultimately stripped from the recent tax package, but not before it gained vocal support from tech investors like Marc Andreessen and Joe Lonsdale. Taken together, Trump's AI agenda is shaping up to be aggressive, industry-led, and laser-focused on outpacing China. This article first appeared on GuruFocus.
Yahoo
26 minutes ago
- Yahoo
Coca-Cola (KO) Expands Into Music With UMG Deal, Reports Solid Q1 Growth
The Coca-Cola Company (NYSE:KO) ranks among the . The Coca-Cola Company (NYSE:KO) announced on June 11 that it would be expanding its long-standing involvement in the music industry by partnering with Universal Music Group to start a new record label. The 'genre-agnostic' label, dubbed real thing records, will prioritize fostering stronger ties between musicians and fans and promoting up-and-coming talent from around the globe. Coca-Cola and UMG had collaborated for a while, most notably on Coke Studio, a platform that showcased up-and-coming talent and debuted globally in 2022. In terms of finances, the beverage manufacturer experienced an uptick, having reported first-quarter financial results for 2025 back in April, with global unit case volume increasing 2% year-over-year due to countries like China. During the same quarter, the company's organic revenue (non-GAAP) grew by 6% to $11.13 billion in total revenue. Its consolidated net income increased by 5% year-over-year to $3.34 billion, and its comparable earnings per share rose by 1% to $0.73. The Coca-Cola Company (NYSE:KO) is a multinational beverage company that produces, develops, and sells a broad variety of nonalcoholic beverages. Coca-Cola's brands include Fanta, Fresca, Schweppes, Sprite, and others. While we acknowledge the potential of KO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
