Trail of death and destruction as Israel expands ground invasion of Gaza

Riyadh: Saudi Arabia has signed deals with the US worth more than $300 billion, Crown Prince Mohammed bin Salman said at the Saudi-US Investment Forum in Riyadh on Tuesday. 

During an address at the event, Prince Mohammed said the Kingdom was looking at $600 billion of investment opportunities, adding that he hoped this would raise to $1 trillion.

He noted that the US was among the largest partners of the Saudi Vision 2030 reform agenda, adding that joint investments were one of the most important pillars of the economic relationship between the two countries.

“The US is a major destination for the Public Investment Fund, accounting for approximately 40 percent of the fund's global investments,” he said.

He also said that cooperation with Washington was not limited to economic cooperation, but also extended to “establishing peace in the region and the world.”

Also speaking at the event, US President Donald Trump praised the transformation underway in Saudi Arabia, as he attributed it to the leadership of King Salman and the crown prince.

Trump described the crown prince as a “very great man like no other” and “the greatest representative of his people,” and highlighted the role of Saudis in driving development in their own country and the region as a whole.

Trump pointed to Riyadh’s rise as a global business hub and noted that the Kingdom’s non-oil sector revenues had now surpassed those of the oil sector.

He said Saudi Arabia deserved praise for preserving its culture and tradition while also embracing its forward-looking, modern Vision 2030 reform agenda.

During his speech, Trump criticized the Biden administration for removing the Houthis from the US terrorist list, calling it a serious mistake.

He contrasted regional developments, stating: “Some (in the Gulf) have turned deserts into farms, while Iran has turned its farms into deserts,” and warned that if Iran rejected Washington’s outreach, the US would be forced to impose maximum pressure.

Condemning Hezbollah for “destabilizing the region and looting Lebanon”, Trump said: “The biggest and most destructive of these forces is the regime in Iran, which has caused unthinkable suffering in Syria, Lebanon, Gaza, Iraq, Yemen and beyond.”

He described Lebanon as a victim of Hezbollah and Iran and expressed a desire to help the country.

Trump also praised Saudi Arabia’s role in Russia-Ukraine peace talks and affirmed US support for the Kingdom, saying it has “a great future.”

Earlier on Tuesday, the two leaders signed a strategic economic partnership agreement in Riyadh, the first leg of Trump’s regional visit.

The partnership included the signing of Memorandums of Understanding in the energy, mining, and defense sectors. 

Defense cooperation between the two countries centered on the modernization of the capabilities of the Saudi armed forces, along with an agreement between the Saudi Space Agency and NASA.

Other agreements included an MoU on mineral resources; an agreement with the Department of Justice; and cooperation on infectious diseases.

Trump arrived in Saudi Arabia Tuesday on what he called a “historic” tour of the Middle East that will mix urgent diplomacy on Gaza with huge business deals.

Saudi Crown Prince Mohammed bin Salman warmly greeted Trump as he stepped off Air Force One at King Khalid International Airport in the Saudi capital and kicked off his Middle East tour.

The two leaders then retreated to a grand hall at the Riyadh airport, where Trump and his aides were served traditional Arabic coffee by waiting attendants wearing ceremonial gun-belts.

Royal Saudi Air Force F-15s provided an honorary escort for Air Force One as it approached the kingdom’s capital. Trump and Prince Mohammed also were taking part in a lunch at the Royal Court, gathering with guests and aides. 

Later, the crown prince will fete Trump with a formal dinner. Trump is also slated to take part Tuesday in a US-Saudi investment conference.

Air Force One took off on a journey that will include visits to Qatar and the United Arab Emirates — and possibly talks in Turkiye on the Ukraine war.

New Delhi: India’s defense budget is set to receive an unprecedented mid-year boost of ₹50,000 crore in the aftermath of Operation Sindoor, according to senior government officials cited by multiple media outlets. The increase, expected to be formalized through a supplementary budget during the Winter Session of Parliament, will push the overall military allocation for 2025–26 beyond ₹7 lakh crore — a record in the nation's history.

This boost comes on top of the ₹6.81 lakh crore already earmarked for defense in the Union Budget presented on February 1, which itself marked a sharp 9.2% rise from the previous year’s ₹6.22 lakh crore. At nearly 13% of the total Union Budget, defense continues to be the single-largest expenditure of the central government.

Sources quoted in reports by The Hindu, India Today, and Business Standard say that the additional allocation will primarily fund weapons procurement, strategic research and development, and expansion of indigenous defense systems.

Taxpayer Money & Military Spending
The ballooning defense allocation raises important questions about fiscal priorities, as the central government continues to invest heavily in its military apparatus. While national security is undoubtedly critical, some experts warn that such massive spending — funded by taxpayer money — should be subject to greater public debate and transparency.

The trend began in 2014, the first year of the Modi administration, when the defense allocation stood at ₹2.29 lakh crore. Since then, the budget has more than tripled in a decade, signaling a clear policy shift toward military modernization and assertive defense posturing.

The dramatic budget escalation follows Operation Sindoor, India's military response to the April 22 terror attack in Pahalgam, Jammu and Kashmir. In that incident, 26 civilians were killed in an assault attributed to the Pakistan-backed terrorist group Lashkar-e-Taiba.

India retaliated with precision air strikes on nine alleged terror hubs located in Pakistan and Pakistan-occupied Kashmir. In a display of military preparedness, Indian forces showcased sophisticated coordination between their air and ground defense systems — notably the domestically developed Akash missile system and the Russian-origin S-400.

Strategic Signals

In his post-operation speech, Prime Minister Narendra Modi issued a stern warning to terror networks and their state sponsors. He stated that India’s approach to cross-border terrorism had irreversibly changed, and no talks would be entertained unless they pertain to dismantling terror infrastructure and restoring Indian sovereignty over Pak-occupied Kashmir.

Following the military engagement, Pakistan launched retaliatory drone and missile attacks, targeting both military and civilian locations. Most were intercepted or neutralized by India’s air defense systems, reinforcing confidence in the nation's growing technological capabilities.

Defense Minister Rajnath Singh has reiterated the government's commitment to indigenous production, stating in a recent press briefing that relying on foreign suppliers for national defense is “not a viable long-term solution.”

As India steers into an increasingly volatile regional climate, the government's substantial financial commitment to defense has invited both praise and concern. While some see it as a necessary step in safeguarding the nation, others caution that such steep investments, ultimately borne by taxpayers, demand more rigorous public scrutiny.

Udupi, May 16: In a chilling reminder of how digital scams are evolving, a 55-year-old man from Udupi has fallen prey to a sophisticated online stock market investment fraud, losing a staggering ₹2.3 crore.

The victim, identified as Jayananda, filed a complaint detailing how he was targeted and manipulated over a period of weeks. The ordeal began on March 20, when he was added — without consent — to a WhatsApp group named "The Wealth Architects", operated by unknown individuals.

Within the group, members presented themselves as financial experts offering high-return stock market advice. They promoted a demat account titled Kopernik Dmat, claiming it was a gateway to extraordinary profits. The group's activity appeared organized and convincing, often mimicking the tone and branding of legitimate financial institutions.

Lured by the promise of quick wealth, Jayananda allegedly transferred money in multiple instalments to bank accounts provided by the scammers between April 1 and May 13. Despite assurances and constant engagement from the group, no returns were received, and the invested amount vanished without a trace.

Realizing the deception, Jayananda approached the CEN Crime Police Station, where a case has now been registered. Authorities have launched an investigation to trace the perpetrators and recover the funds.

A Broader Wake-Up Call

This case isn't just about one man’s financial loss — it highlights a rising trend in cybercrime, where fraudsters use fake WhatsApp groups, cloned identities, and psychological tactics to lure unsuspecting investors. The elderly and semi-retired professionals are increasingly being targeted.

Key Takeaways for the Public:
•    Never trust financial advice from unknown WhatsApp groups or Telegram channels.
•    Always verify investment platforms through official sources.
•    Avoid transferring money to personal or unfamiliar bank accounts.
•    Report suspicious groups immediately to cybercrime authorities.

Police have urged the public to remain vigilant and avoid falling for schemes that promise unrealistic returns. As investigations continue, Jayananda’s case serves as a sobering reminder: in the digital age, even the smartest can be swindled — if they let their guard down.