US proposes 60-day ceasefire for Gaza

Plus, why Saudi Arabia warned Iran to reach a nuclear deal with Trump.

Get full access to Reuters.com for just $1/week. Subscribe now. Daily Briefing Daily Briefing By Linda Noakes Hamas is studying a US ceasefire proposal for Gaza, Trump's tariffs will remain in effect after an appeals court ruling, and why Wall Street fears the budget bill. Plus, tiny Liechtenstein has a big problem. Today's Top News   A Palestinian woman reacts as she holds a child in the aftermath of an Israeli strike on a house in the northern Gaza Strip. REUTERS/Mahmoud Issa A US plan for Gaza seen by Reuters proposes a 60-day ceasefire and the release of 28 Israeli hostages alive and dead in the first week, in exchange for the release of 1,236 Palestinian prisoners and the remains of 180 dead Palestinians. Saudi Arabia's defense minister delivered a blunt message to Iranian officials in Tehran last month: take President Donald Trump's offer to negotiate a nuclear agreement seriously because it presents a way to avoid the risk of war with Israel. Read our exclusive report. A federal appeals court temporarily reinstated the most sweeping of Trump's tariffs, a day after a US trade court ruled that he had exceeded his authority in imposing the duties and ordered an immediate block on them. As Chinese students face an anxious wait for US visas, Foreign Policy Reporter Michael Martina joins the Reuters World News podcast to explain the thinking behind what China has called an "'educational witch-hunt". The United States told the United Nations Security Council that its proposal for a ceasefire in Ukraine was "Russia's best possible outcome" and President Vladimir Putin should take the deal. Twenty-five people will be brought before an investigating judge in Paris today for attempting to kidnap the daughter of a wealthy crypto businessman and for criminal conspiracy. Business & Markets   Trump's trade war has cost companies more than $34 billion in lost sales and higher costs, according to a Reuters analysis of corporate disclosures, a toll that is expected to rise as ongoing uncertainty over tariffs paralyzes decision-making. Volkswagen is holding "fair" and "constructive" talks with the United States government on tariffs and wants to make further investments in the country, CEO Oliver Blume told German newspaper Sueddeutsche Zeitung. Trump called Federal Reserve Chair Jerome Powell to the White House for their first face-to-face meeting since he took office in January and told the central bank chief he was making a "mistake" by not lowering interest rates. Wall Street analysts are cautioning that a tax targeting foreign investors in the US budget bill progressing through Congress could end up weighing on demand for Treasuries and the dollar. Semiconductor design software firm Synopsys has told staff in China to halt services and sales in the country and stop taking new orders to comply with new US export restrictions, according to an internal letter reviewed by Reuters. PepsiCo won the dismissal of a lawsuit by a former executive who said the food and beverage company defrauded and defamed him by denying that he invented Flamin' Hot Cheetos. The Week Ahead US Defence Secretary Pete Hegseth will try to convince the Shangri-La Dialogue - Asia's premier security forum - that the United States is a more trusted partner for the region than China. South Korean liberal candidate Lee Jae-myung is projected to win next week's snap presidential election, a result that could reorient a major US ally on policies ranging from China to nuclear weapons and North Korea. Poland holds a presidential election run-off on Sunday, with the ruling party's candidate, liberal Warsaw mayor Rafal Trzaskowski, facing nationalist Karol Nawrocki, in a vote crucial for the country's pro-European course. US jobs data, a European Central Bank meeting and big global oil producers all vie for investor attention in coming days. Here's what's coming up in the week ahead in world markets. An unpredictable trade war and daunting environmental targets are on the agenda for global airline bosses at an annual summit in India. How Russian fortunes stranded by US sanctions rocked Liechtenstein   A drone view shows the Gutenberg Castle in Balzers near Vaduz, Liechtenstein. REUTERS/Denis Balibouse Liechtenstein, one of the world's smallest and richest countries, is home to thousands of low-tax trusts, putting it in the crosshairs of Western efforts to sanction Moscow. A move by the United States to sanction trusts for oligarch links sparked panic, with hundreds of trusts abandoned, showing how deep and opaque Russia's business ties to Europe remain. Read our exclusive report Pictures of the Week People compete in the annual Cooper's Hill Cheese-Rolling and Wake competition near Brockworth, Britain. REUTERS/Isabel Infantes See a selection of our top photography from around the world. View gallery Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website Reuters Daily Briefing is sent 5 days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. This email includes limited tracking for Reuters to understand whether you've engaged with its contents. 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