Property-owning residents in red-state America can anticipate the Republican Party's upcoming promise to eliminate property taxes.

In the United States, the cost of Ozempic, a diabetes medication, is set to decrease, providing relief for those who rely on it.

Meanwhile, international relations continue to be a focus of attention. Israel has been in discussions with various countries and territories about hosting Palestinians who agree to leave Gaza. On the other hand, tensions remain high as US trading partners express growing restlessness over the slow pace of finalizing tariff-relief deals with Washington. Brazil has been courting other nations to diversify trade, while China is escalating efforts to collect taxes on investors' global gains.

Political developments are taking place around the world. In India, Prime Minister Narendra Modi unveiled sweeping tax reforms. In the US, initiatives to abolish property taxes have been supported by some political groups, but the trade-off between funding public services and addressing housing affordability shapes the ongoing debates. In Florida, Governor Ron DeSantis has criticized cities that raised property taxes this year.

In Europe, European leaders will join Ukrainian President Volodymyr Zelenskyy when he meets US President Donald Trump at the White House on Monday. A desire to win the Nobel Peace Prize appears to be motivating Trump's efforts to facilitate a ceasefire in Ukraine. A centrist and a center-right candidate have made it through the first round of Bolivia's presidential election.

Elsewhere, China's foreign minister is due to arrive in New Delhi for talks aimed at rebuilding relations five years after fierce border clashes. Brazil has rejected a US probe into trade between the countries.

In the realm of technology, Sam Altman described artificial intelligence as a "bubble," but also said it was "the most important thing to happen in a very long time." Vivek Ramaswamy, running for governor of Ohio, has promised to "bring down property taxes in this state immediately, eventually down to zero."

In the Middle East, Hamas has reportedly accepted a ceasefire proposal similar to one previously agreed to by Israel. Israeli protesters have demanded the government secure the release of hostages held by Hamas.

In other news, SoftBank will invest $2 billion in Intel. Soho House is going private in a $2.7 billion deal. The Qatari-Egyptian plan for a ceasefire includes both an initial ceasefire and a route to an end to the war.

Unfortunately, the situation in the besieged Gaza Strip remains dire, with at least 263 people having died of starvation. An effort to kill the property tax for cities and towns in Nebraska last year failed to get enough signatures to make the ballot.

Lastly, three US Republican-led states have deployed hundreds more National Guard troops to Washington, DC. In Michigan, Karla Wagner, organizer of the anti-property tax AxMITax campaign, is running for governor in part on getting rid of property taxes. Grover Norquist, the president of Americans for Tax Reform, says voters and politicians have gotten used to property tax reforms that don't save them much money. Abolition could cut that off. However, some politicians who pitch abolition face accusations that eliminating property taxes will inevitably lead to higher sales taxes.

These are just a few highlights from the global news landscape this week. Stay tuned for more updates as events unfold.

Property-owning residents in red-state America can anticipate the Republican Party's upcoming promise to eliminate property taxes.