05:00
German Chancellor Merz to visit Trump next week
German Chancellor Friedrich Merz will travel to Washington next week to meet U.S. President Donald Trump.
Trump announces ceasefire with Yemen's Houthi rebels
Reuters
US President Donald Trump has announced an immediate halt to airstrikes on Yemen's Houthi rebels following a ceasefire agreement mediated by Oman, aiming to restore safe navigation in the Red Sea.
US President Donald Trump declared an end to airstrikes targeting Yemen's Houthi rebels, citing their commitment to cease attacks on shipping in the Red Sea. This decision follows a ceasefire agreement mediated by Oman, ensuring the safety of international shipping lanes, including the Bab al-Mandab Strait. The Houthis had previously targeted vessels linked to Israel in solidarity with Palestinians during the Gaza conflict, disrupting trade and causing casualties.
The ceasefire agreement, confirmed by Oman’s Foreign Minister, involves both US and Houthi forces refraining from hostilities. Despite the truce, the Houthis maintained their stance on supporting Gaza, with no explicit acknowledgment of the deal in their statement.
Trump noted the high costs of the US air campaign, which included significant operational expenses and losses of military equipment. Meanwhile, Israeli forces launched strikes on Houthi targets in response to missile attacks.
Observers remain cautious about the ceasefire’s long-term implications, particularly regarding Houthi actions toward Israel, as the group has not attacked commercial vessels since December.
03:01
Trump to double steel tariffs to 50%
President Donald Trump announced that he will increase steel tariffs from 25% to 50%, a move that could push up costs for industries relying on steel, including housing and auto manufacturing.
02:15
Wall Street ends week mixed as Trump accuses China of trade deal breach
U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
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