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US confirms landmark government-level talks between Lebanon and Israel

Lebanon

US confirms landmark government-level talks between Lebanon and Israel

The United States has confirmed that government-level delegations from Israel and Lebanon will hold "intensive and detailed" discussions in Washington on 14 and 15 May, in what represents the most significant direct diplomatic engagement between the two countries in over four decades.

Developer denies aiding Hamas, seeks dismissal of lawsuit

Gaza

Developer denies aiding Hamas, seeks dismissal of lawsuit

A prominent Palestinian-American developer asked a U.S. judge on Friday to throw out a lawsuit accusing him of supporting Hamas through his Gaza projects, arguing it equates participating in Gaza's economy with terrorism.

Saudi budget deficit widens to highest level since 2018

Saudi Arabia

Saudi budget deficit widens to highest level since 2018

Saudi Arabia’s budget deficit widened sharply in the first quarter, reaching its highest level since 2018 as government spending on economic diversification projects continued to rise, Bloomberg reported on Friday.

U.S. frustrated by lack of allied backing against Iran

Iran

U.S. frustrated by lack of allied backing against Iran

U.S. Secretary of State Marco Rubio met Prime Minister Giorgia Meloni on Friday and afterwards questioned why allies including Italy were not backing Washington's efforts to confront Iran and re-open the Strait of Hormuz.

Iran expected to respond Friday

Iran

Iran expected to respond Friday

The United States said on Friday it expected an Iranian response as soon as later in the day to its latest proposal to end the war in the Gulf, even as U.S. and Iranian forces clashed in the Gulf and the United Arab Emirates came under renewed attack.

Stocks buy the narrative. Oil buys reality

Business

Stocks buy the narrative. Oil buys reality

Something broke in the markets on Thursday, and it wasn't just another bout of volatility. Stocks fell. Bonds fell. Oil rebounded sharply. Commodities tightened across the board.

UK's Labour Party punished in local elections, populist Reform gains

Politics

UK's Labour Party punished in local elections, populist Reform gains

Keir Starmer's Labour Party suffered heavy early losses in local elections on Friday, showing the depth of voter anger with the British prime minister and increasing doubts about his future just two years after a landslide victory in a national vote.

US confirms new Lebanon-Israel talks next week

Lebanon

US confirms new Lebanon-Israel talks next week

Lebanon and Israel will hold a third round of direct discussions in Washington next Thursday and Friday, a US State Department official confirmed, speaking on condition of anonymity. 

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