Israel Financial News

Biden told Prime Minister Benjamin Netanyahu on Sunday that Israel should not proceed with a military operation in Rafah without a plan to ensure the safety of the roughly 1 million people sheltering there, the White House said. Biden's call with Netanyahu happened days after the U.S. leader told reporters that Israel's military response in the Gaza Strip was «over the top,» reflecting growing concern and frustration over the rising death toll of civilians in the Palestinian enclave. The U.S. president reaffirmed the shared goal of seeing Hamas defeated and ensuring the long-term security of Israel, but also called for «urgent and specific steps» to increase the throughput and consistency of humanitarian aid to Palestinian civilians trapped in Gaza, the White House said in a statement.

By David Morgan

By Dylan Martinez

By David Morgan

Indian Express reported on Sunday. “Tower is looking to manufacture 65 nanometre and 40 nanometre chips in India which may be used in a number of sectors, including automotive and wearable electronics," said the report. In October 2023, minister of state for electronics and IT Rajeev Chandrasekhar had met with Tower Semiconductor’s chief executive officer (CEO) Russel C Ellwanger to discuss its partnership with India in the chip manufacturing space.

imaginable permutation of land swaps and security arrangements. All failed. And yet something changed after October 7th.

Yam Olisker was walking around New York City’s Times Square getting stares and questions from strangers. That can happen when you have a $3,500 hunk of tech strapped to your face. Olisker was wearing Apple’s new Vision Pro, the mixed-reality headset that looks like giant silver ski goggles.

Iran marked Sunday the 45th anniversary of the 1979 Islamic Revolution amid tensions gripping the wider Middle East over Israel's continued war on Hamas in the Gaza Strip. Thousands of Iranians marched through major streets and squares decorated with flags, balloons and banners with revolutionary and religious slogans. In Tehran, crowds waved Iranian flags, chanted slogans, and carried placards with the traditional «Death to America» and «Death to Israel» written on them. Some burned US and Israeli flags, a common practice in pro-government rallies. Processions started out from several points, converging at Azadi Square. State TV showed crowds in many cities and towns, claiming that «millions participated in the rallies» across the country.

White House hopeful Donald Trump said on Saturday he would «encourage» Russia to attack members of NATO who had not met their financial obligations, his most extreme broadside against the military alliance he has long expressed skepticism about. With US lawmakers debating new aid for Ukraine ahead of the second anniversary of Russia's invasion, the former president has repeatedly said it was unfair to commit the United States to defending NATO's 30 other member nations.

White House hopeful Donald Trump on Saturday celebrated the collapse of legislation targeting the migrant crisis on the US-Mexico border, while vowing that, if reelected, he would carry out a massive "deportation operation" on his first day in office. The death of the bipartisan bill in the US Senate this week highlights the ex-president's iron grip on the Republican Party, as he is keen to deny Biden a win on the hot topic of immigration.

Israeli airstrikes killed at least 44 Palestinians — including more than a dozen children — in the southern Gaza city of Rafah on Saturday, hours after Israel's prime minister said he had asked the military to plan for the evacuation of hundreds of thousands of people there ahead of a ground invasion. Benjamin Netanyahu did not provide details or a timeline, but the announcement set off panic and warnings from diplomats. More than half of Gaza's 2.3 million people are packed into Rafah, many after following Israeli evacuation orders that now cover two-thirds of the territory. It's not clear where they could run next.

Israeli military says it has discovered tunnels underneath the main headquarters of the U.N. agency for Palestinian refugees in Gaza City, alleging that Hamas militants used the space as an electrical supply room. The unveiling of the tunnels marked the latest chapter in Israel's campaign against the embattled agency, which it accuses of collaborating with Hamas. Recent Israeli allegations that a dozen staff members participated in the Hamas attack on Israel Oct. 7 plunged the agency into a financial crisis, prompting major donor states to suspend their funding as well as twin investigations. The agency says that Israel has also frozen its bank account, embargoed aid shipments and canceled its tax benefits. The army invited journalists to view the tunnel on Thursday.

Benjamin Netanyahu has ordered the army to prepare to «evacuate» hundreds of thousands of Palestinians from Gaza's Rafah, his office said Friday, after Washington warned it would not support any ground assault on the city. The show of defiance against Israel's main ally came after President Joe Biden issued his strongest criticism yet of Netanyahu's conduct of the war, warning the response to Hamas's October 7 attack had been «over the top». Netanyahu told military and security officials to «submit to the cabinet a combined plan for evacuating the population and destroying the battalions» of Palestinian militant group Hamas holed up in Rafah, a statement from his office said.

Moody's downgraded Israel's credit rating on Friday, citing material political and fiscal risks for the country from its war with the Palestinian militant group Hamas. The impact of the conflict raises political risk and weakens Israel's executive and legislative institutions, and its fiscal strength for the foreseeable future, said Moody's, which had begun the review for a downgrade on Oct. 19.

Moody's downgraded Israel's credit rating Friday due to the impact of its ongoing conflict with Hamas in Gaza, lowering it by one notch from A1 to A2. In a statement, Moody's said it had done so after assessing that "the ongoing military conflict with Hamas, its aftermath and wider consequences materially raise the political risk for Israel as well as weaken its executive and legislative institutions and its fiscal strength, for the foreseeable future." The ratings agency also lowered its outlook for Israel's debt to "negative" due to "the risk of an escalation" with the far more powerful Lebanese militant group Hezbollah that operates along its northern border.

The director of the main U.N. aid agency for Palestinians says Israeli restrictions are preventing food for 1.1 million people from reaching war-battered Gaza

Airbus is looking for partnerships in Indian defence and space sectors, Michael Schoellhorn, CEO of Airbus Defence and Space, said on Friday. The European aerospace major is also looking for tie-ups with both private and government companies to develop a sourcing and manufacturing base in India, he said. «In a world that is changing so rapidly, it is important to have partners that you can trust and are reliable. The relationship of Airbus and India is one such partnership,» Schoellhorn said, adding «we can say that we make in India, skill in India and innovate in India.»

Meta has removed Instagram and Facebook accounts run on behalf of Iran’s Supreme Leader Ayatollah Ali Khamenei after criticism over his support for Hamas after its Oct. 7 attack on Israel that sparked the monthslong war still raging in the Gaza Strip

Iran. New Delhi may see the attack as an opportunity to improve ties with Tehran and open a second front against Pakistan. That would be a mistake. India needs only to consider the aftermath of the October 7 terrorist attacks by Tehran-backed Hamas in Israel to realise this. That assault has led to a growing chain of military conflicts that negatively affect India's vital national interests in trade, energy and transport. Here's how Iran's actions and policies are undermining India's interests:

Nevada's Supreme Court has dismissed a defamation lawsuit brought by casino mogul Steve Wynn against The Associated Press

Israeli Prime Minister Benjamin Netanyahu says he has ordered the military to prepare a plan to evacuate the population of Rafah ahead of an expected Israeli invasion of the southern Gaza town. Netanyahu made the announcement Friday following international criticism of Israel's plan to invade the crowded town on Egypt's border. Israel says Rafah is the last remaining Hamas stronghold and it needs to send in troops to complete its war plan against the Islamic militant group. But an estimated 1.5 million Palestinians have crammed into the town after fleeing fighting elsewhere in Gaza. Netanyahu said a «massive operation» is needed in Rafah. He said he asked security officials to present a «double plan» that would include the evacuation of civilians and a military operation to «collapse» remaining Hamas militant units.