US President Donald Trump claimed Israel and Iran have agreed to a ceasefire that could lead to an end of their 12-day war. His timeline calls for a phased-in halt to military hostilities beginning today, with Iran ceasing strikes in the 12th hour and Israel following on the 24th hour.His comment on social media came hours after Iran fired 14 missiles at the largest US military installation in the Middle East, the Al-Udeid Air Base in Qatar. All incoming missiles were intercepted, Qatar said.The attack came in retaliation for US bombing of Iranian nuclear facilities a day earlier. Trump called the Iranian response "very weak" but thanked Tehran for advance notice of the attack, which prevented any injuries. Israel meanwhile continued attacks on Iran, including a strike on a Tehran prison holding political dissidents.

Chinese Premier Li Qiang will deliver the keynote address at the 16th Annual Meeting of the New Champions, commonly known as Summer Davos, which begins today in Tianjin. Li will also meet with government leaders and business representatives attending the two-day conference hosted by the World Economic Forum. His appearance comes as China seeks to reassure investors that China remains a beacon of calm in a time of geopolitical and trade tensions, and to emphasize its continued commitment to global collaboration, innovation, and quality development. About 1,700 attendees from more than 90 countries are expected at the conference, including the leaders of Ecuador, Singapore, Kyrgyzstan, Senegal, and Vietnam, along with executives from some of China's largest companies.

China, the world's largest gold producer and consumer, said it plans to increase production of gold and silver at least 5 percent in the next two years and upgrade the supply chain for the two precious metals. Last year, China produced 380,000 kilograms of gold, according to CEIC Data.

China's bike-sharing giant Hellobike has teamed up with digital-payment firm Ant Group and electric batter y maker CATL to create a new 3 billion yuan (US$417 million) robotaxi company aimed at accelerating adoption of Level 4 autonomous driving, where vehicles operate without human intervention, EconTimes reported. The partners seek to position Shanghai as a leading home of intelligent transport and capture a share of China's burgeoning robotaxi market.