Receive Breaking News updates as they occur
US Secretary of State John Kerry on Tuesday discussed proposals for a Gaza ceasefire with Egypt, as both sides voiced guarded hopes of ending the bloodshed. Kerry, who arrived late Monday in the wake of growing casualties from the Israeli-Hamas conflict, held talks in Cairo on Monday with UN chief Ban Ki-moon, who has also come to the Egyptian capital to push for a truce. "We are hopeful that this visit will result in a ceasefire that provides the necessary security for the Palestinian people and that we can commence to address the medium- and long-term issues related to Gaza," Egyptian Foreign Minister Sameh Shoukri told reporters ahead of Kerry's talks with Sisi. Kerry voiced appreciation to Egypt for proposing a truce that was embraced by Israel but rejected by the Islamist Hamas, which has tense ties with Cairo's new government and has refused to end violence unless Israel ends its eight-year blockade of the Gaza Strip.
GENEVA (AP) — Credit Suisse, Switzerland's second-biggest bank, posted a second-quarter net loss of 700 million Swiss francs ($779 million) Tuesday after paying the largest penalty ever imposed in a U.S. criminal tax case.