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US to end preferential trade status for India, Turkey

At President Donald Trump's direction, Washington intends to scrap the preferential trade status granted to India and Turkey, the US trade chief's office said Monday. The move comes as the US and China seek to negotiate an exit from a costly trade war between the two countries that is part...

Wall Street drops after weak data, trade optimism fades

Wall Street’s major indexes slumped on Monday after a weak U.S. construction spending report, as investors took advantage of optimism over a U.S.-China trade deal to lock in profits after the market’s strong run to start 2019. U.S. construction spending unexpectedly fell in December as...

Syria allows factories to import fuel for three months

Syria on Monday allowed factory owners to import fuel for three months, state media said, in a bid to lessen a combustibles crisis gripping the war-torn country. The government has traditionally been the sole importer of oil and its derivatives, but has been facing a flurry of international...

US, Russia military chiefs discuss Syria

The chiefs of the US and Russian militaries met in Austria on Monday to discuss the situation in Syria, where a residual US military force will remain following the territorial defeat of the Islamic State group. General Joseph Dunford, the chairman of the Joint Chiefs of Staff, met with...

Putin suspends Russian obligations under key nuclear pact

President Vladimir Putin on Monday suspended Russia's participation in a key nuclear arms treaty, in response to Washington's decision to withdraw. In a decree, Putin suspended Russia's obligations under the terms of the 1987 Intermediate-Range Nuclear Forces treaty and said it will...

Arab League condemns Israeli aggression at Al-Aqsa

The Arab League on Monday urged the international community to pressure Israel to halt its "grave violations" against Jerusalem’s Al-Aqsa Mosque. In a statement, the league's secretariat-general condemned Israel’s policy of preventing Palestinian Muslims from praying at the site by sealing...

Hamas chief warns Israel against pre-poll 'adventure'

The Palestinian Islamist movement Hamas warned Israel's Prime Minister Benjamin Netanyahu on Monday against any military "adventure" in Gaza ahead of Israeli elections next month. Netanyahu is currently battling for re-election for a fifth term, facing a tough challenge from a centrist...

U.S. deploys THAAD missile defense system to Israel

The U.S. military has deployed its most advanced air and missile defense system to Israel for the first time, U.S. and Israeli military officials said on Monday. The deployment, which began in March, was intended to test the U.S. military’s ability to rapidly deploy such weapons around the...