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US consumer prices rose less than forecast in April, indicating inflationary pressures that are at risk of rising as companies try to pass the cost of higher tariffs.
US President Donald Trump said Congress is on the verge of passing the largest tax cut in US history, adding, “If we do this, our country will rocket.”
The White House said US President Donald Trump will meet briefly with Syrian President Ahmed Sharaa in Saudi Arabia tomorrow.
The US and Saudi Arabia have reportedly signed “the largest arms sales deal in history,” worth an estimated $142 billion.
Saudi Crown Prince Mohammed bin Salman said they have signed deals worth more than $300 billion with the US.
International credit rating agency Fitch Ratings said the temporary reduction in tariffs between the US and China has eased tensions significantly, but it does not mean the trade war is over.
Russian President Vladimir Putin stated that Russian companies should be prepared for new sanctions, saying, “It will not be enough for Western companies to apologize to return to Russia.”
It was reported that US e-commerce giant Amazon’s cloud computing company Amazon Web Services (AWS) and Humain plan to make a strategic partnership investment exceeding $5 billion to establish an “AI Zone” in Saudi Arabia.
Adana Farmers’ Union announced the wheat cost calculation for 2025 and the expected wheat price including premium.
Minister of Energy and Natural Resources Alparslan Bayraktar announced that with the contract signed between Petroleum Pipeline Corporation (BOTAŞ) and Egypt’s public energy company EGAS, a Floating LNG Storage and Regasification Unit (FSRU) in BOTAŞ’s inventory will serve abroad for the first time on a seasonal basis.
US President Donald Trump recalled his meetings with President Recep Tayyip Erdoğan and announced that they will lift sanctions on Syria.
