Reuters World News Palestinian statehood, Skydance-Paramount and Trump at the Fed
Jul 27, 2025
Tensions escalate as France moves to recognize a Palestinian state amidst stalled ceasefire talks in Gaza. In the entertainment world, a significant merger between Paramount Global and Skydance Media gains FCC approval, promising changes in the industry. President Trump challenges Jerome Powell during an unexpected visit to the Federal Reserve, while border clashes ignite between Thailand and Cambodia, marking a troubling rise in regional conflict.
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France to Recognize Palestinian State
- France plans to officially recognize a Palestinian state at the UN General Assembly in September.
- This is the first major Western power to do so, signaling a significant shift amid the Israeli-Palestinian conflict.
FCC Approves Paramount-Skydance Merger
- The FCC approved Paramount-Skydance merger after commitments to unbiased journalism and no DEI policies.
- Skydance also pledged $1.5 billion investment in Paramount including local news.
Political Concerns Over Media Merger
- Some Democrats criticize the deal citing concessions to Trump administration like the CBS lawsuit settlement.
- Paramount argues cancellations are financial decisions due to shrinking audiences and revenue.