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...
Israel carried out its heaviest airstrikes in Gaza in weeks on Saturday, killing 27 people, including three children, in attacks on a police station, houses and tents, Palestinian health officials said. The Israeli military said it had targeted commanders and sites belonging to Hamas and its ally, Islamic Jihad, in response to a breach of a United States-brokered ceasefire agreed last October after two years of fighting in Gaza. Hamas, which retains control of just under half of Gaza, said Israel had violated the truce. It did not say whether any of its members or sites were struck in today's attacks. Israel carried out the attacks a day before the Rafah border crossing between the Gaza Strip and Egypt was due to reopen under US President Donald Trump's plan to end a conflict that has left much of Gaza in ruins. Read More: Hamas seeks role for its police in Gaza ahead of disarmament talks, sources say The fighting began after Hamas-led gunmen attacked southern I...