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China, US agree to $30b tariff cut, AI dialogue during Xi visit, Beijing says

China said on Saturday it had agreed with the United States on a $30 billion reciprocal tariff-reduction arrangement and on launching a ​dialogue on AI, under an eight-point consensus reached during President ‌Xi Jinping's visit to Washington. The two sides have also agreed to set up a trade council and extend the outcomes of earlier talks in Kuala Lumpur, the Chinese ​Foreign Ministry said. The agreement follows an earlier move by ​the world's two largest economies to extend by two months ⁠a trade truce that had been due to expire on November 10, ​allowing more time to work on a potentially bigger trade deal, US ​Treasury Secretary Scott Bessent said on Wednesday. Read: US, China buy time with trade truce as pressure builds The three-day summit between Xi and President Donald Trump, which ended on Friday, showcased personal diplomacy rather than big public breakthroughs. ​Xi has since landed in Beijing, Chinese state news agency Xinhua reported ​on Saturday. On a...

Mediated Israel-Hamas talks on hostage deal expected next week

Mediated negotiations between Israel and Hamas to reach a deal to free Israeli hostages held in the Gaza Strip are due to restart next week, an official with knowledge of the matter said on Saturday. The decision to restart the talks, said the source, who declined to be identified by name or nationality given the sensitivity of the issue, was taken after the head of Israel's Mossad intelligence agency met the head of the CIA and the prime minister of Qatar, which has been a mediator. "At the end of the meeting, it was decided that in the coming week negotiations will open based on new proposals led by the mediators, Egypt and Qatar and with active US involvement," the source said. Read also: Israel strikes eastern Rafah as ceasefire talks end with no deal Efforts to achieve the release of more than 120 hostages abducted during Hamas' Oct. 7 assault on southern Israel within the framework of a ceasefire deal have so far fallen short. Both sides have blamed the other for the deadlock. Israel has said it cannot accept Hamas' demand to end the war, while the Palestinians want Palestinian prisoners to be released by Israel. Israel has said it wants to eliminate Hamas, which governs Gaza and is sworn to Israel's destruction. Sparked by Hamas' Oct. 7 attack, the war has raged for more than seven months, devastating much of Gaza.

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