Consumer spending increases strongly; inflation rising

U.S. consumer spending increased solidly in July, pointing to strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year.

UN: Ceasefire violations may spark Lebanon-Israel conflict

The UN Security Council warned Thursday that violations of the ceasefire agreement between Lebanon and Israel could lead to a new conflict and urged international support for Lebanon’s armed forces and their stepped-up deployment in the south and at sea.

Trump to sign executive order to boost retirement savings

President Donald Trump will sign an executive order on Friday aimed at boosting retirement savings, giving Americans more time to keep their money in tax-deferred accounts and allowing small businesses to band together to offer 401(k)s.

Russian military ‘drills’ point to imminent final clash in Syria

Russia’s navy announced it will open ‘large-scale drills’ in the Mediterranean on Saturday in the latest sign that a major Syrian government offensive against one of the last rebel strongholds in the country is imminent — a development that the United Nations warns could trigger a fresh refugee crisis in the Middle East nation’s 7-year-old civil war.

Saudi FM seeks more sanctions on Iran

Saudi FM Adel Al-Jubeir said during a press conference with his Russian counterpart Sergei Lavrov that ‘we have come to an agreement with Russia regarding continued coordination concerning regional developments. We made it clear that we support additional sanctions on Iran.’

Palestinian Leaders Bet Future on Trump Impeachment

Palestinian leaders are betting their future on President Donald Trump being impeached by Democrats following the mid-term elections, according to Arabic language comments by a senior Palestinian government leader who praised Special Counsel Robert Mueller for targeting Trump and his top allies.

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