Egypt announces emergency Arab summit after Trump’s Gaza plan infuriates key allies

Egypt announces emergency Arab summit after Trump’s Gaza plan infuriates key allies


U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu hold a joint press conference in the East Room at the White House in Washington, U.S., Feb. 4, 2025.

Leah Millis | Reuters

Egypt announced Sunday that it will host an emergency Arab summit on Feb. 27 to discuss “new and dangerous developments” after U.S. President Donald Trump proposed to resettle Palestinians from the Gaza Strip.

Trump’s suggestion, made at a White House meeting with Israeli Prime Minister Benjamin Netanyahu last week, infuriated the Arab world, including Egypt, Jordan and Saudi Arabia — key allies of Washington.

Both Egyptian President Abdel Fattah el-Sissi and Jordanian King Abdullah II dismissed Trump’s call to resettle 1.8 million Palestinians in Gaza and for the U.S. to take ownership of the enclave, but Trump claims that they would eventually accept it.

A statement from Egypt’s Foreign Ministry said it would host the Arab League summit in Cairo following talks at the highest level in Arab countries in recent days, “including the state of Palestine that asked to hold the summit in order to discuss new and dangerous developments for the Palestinian cause.”



Source

The S&P 500 just sprinted through a key indicator as Wall Street cheers the rollback of tariffs
World

The S&P 500 just sprinted through a key indicator as Wall Street cheers the rollback of tariffs

The 90-day pause on most tariffs between China and the U.S. took the worst-case scenarios off the table for Wall Street and spurred a rally that smashed through a notable milestone for chart watchers. The S & P 500 rose 3.3% on Monday and closed well above its 200-day moving average. That level had been […]

Read More
Google launches AI startup fund offering access to new models and tools
World

Google launches AI startup fund offering access to new models and tools

Sundar Pichai, C.E.O. of Google and Alphabet, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City.  Michael M. Santiago | Getty Images Google will begin a new fund aimed at investing in artificial intelligence startups, the company announced Monday. Through a fund […]

Read More
Trump China trade deal: Tariff pause means new surge in freight shipments, and higher prices
World

Trump China trade deal: Tariff pause means new surge in freight shipments, and higher prices

Another surge in trade from China to the U.S. should be getting underway, according to retailers and logistics executives, as the initial trade deal struck by the U.S. and China leads importers to move forward with shipments during the 90-day pause on the steepest tariffs implemented by President Donald Trump. On Monday, the U.S. and […]

Read More