News in Brief
Saudi Arabia signs $5.6b deal with Chinese EV company
REUTERS – Saudi Arabia’s Ministry of Investment signed a $5.6b deal with Chinese electric car maker Human Horizons to collaborate on the development, manufacture and sale of vehicles, the Saudi state news agency said in a statement.
The agreement accounts for more than half of the more than $10b in investments signed on the first day of an Arab-China business conference in Riyadh on Sunday, in sectors spanning technology, renewable energy, agriculture, real estate, metals, tourism and healthcare among others.
Former Italian PM dies
at 86
REUTERS – Silvio Berlusconi, the billionaire media mogul and former Italian prime minister who transformed the nation’s politics with polarising policies and often alarmed his allies with his brazen remarks, died on Monday aged 86.
Berlusconi, Italy’s longest-serving premier who counted Russian President Vladimir Putin as a friend had suffered from leukaemia and recently developed a lung infection.
46 killed in attack on DR Congo displacement camp
AFP – At least 46 people, half of them children, were killed in a militia attack on a camp for displaced people in northeastern Democratic Republic of Congo, security analysts and a local community leader said Monday.
Around 70,000 displaced people arrived in Bule between April 15 and May 15 due to armed violence in the surrounding areas, the U.N. humanitarian office (OCHA) said in its latest report.