IMF lifts 2025 growth forecast on ‘fragile’ easing in trade tensions

Saudi Arabia and France urged UN member states to endorse a declaration advocating "tangible, timebound, and irreversible steps" for a two-state solution between Israel and the Palestinians, following an international conference they hosted. The declaration calls for ending the Gaza conflict, establishing a transitional committee under the Palestinian Authority, and committing to measures against violence and settlements, emphasizing the need for regional integration and Palestinian statehood. Want More Context? 🔎

Malta to Recognize Palestinian StateMalta's Prime Minister Robert Abela announced that the country will officially recognize a Palestinian state during the UN General Assembly in September, following similar declarations from the UK and France. This decision comes amid internal and external pressures for recognition and aligns with Malta's historical support for Palestinian causes and a two-state solution. Want More Context? 🔎

Britain plans to recognize a Palestinian state in September unless Israel alleviates the humanitarian crisis in Gaza and establishes a ceasefire, amidst reports of starvation and rising death tolls from the ongoing conflict with Hamas. The situation in Gaza, described by monitors as nearing famine, has drawn international condemnation and further isolated Israel, despite U.S. reluctance to support Palestinian statehood. Want More Context? 🔎

The American Israel Public Affairs Committee (AIPAC) denied reports of withdrawing its endorsement of Congressman Randy Fine, who had controversially stated, "starve away," in response to the humanitarian crisis in Gaza. Fine's remarks drew backlash, including condemnation from various politicians, while AIPAC clarified that its endorsement decisions for the 2026 election are ongoing and Fine's status would be evaluated later. Want More Context? 🔎

U.S. Treasury Secretary Scott Bessent warned Chinese officials that continued purchases of sanctioned Russian oil could lead to significant tariffs due to new Congressional legislation, but China insisted on protecting its energy sovereignty. He also expressed U.S. concerns about China's Iranian oil purchases and dual-use technology sales to Russia, noting these actions could hurt China's trade relations with Europe. Want More Context? 🔎

A UN conference in New York, co-chaired by Saudi Arabia and France, adopted an "integrated and actionable framework" for a two-state solution between Palestinians and Israel, as announced by Saudi Foreign Minister Prince Faisal bin Farhan. The conference, amid ongoing violence in Gaza that has resulted in over 60,000 Palestinian deaths, emphasized the need for Palestinian rights and accountability, while Israel and the US opposed the initiative. Want More Context? 🔎