Israel Financial News

Harvard president Claudine Gay on Tuesday, following bitter criticism of her appearance at a congressional hearing in early December, has fired a debate in the US on campus antisemitism. She goes along with U Penn president Elizabeth Magill who quit last month, and with pressure growing on their MIT counterpart, Sally Kornbluth, to follow suit. Gay and Magill are collateral damage of the Israel-Hamas war.

Israel-Hamas war: The United States is risking its position on the global stage as it decides to back Israel in its war against Gaza. But, serious disagreements seem near as Israel plans to push Palestinians out of Gaza and called for Israeli settlers to return to the region.

mourners broke into sobs as they huddled around defiant family members of slain Hamas deputy Saleh al-Aruri in his village in the occupied West Bank Wednesday, a day after his death in Lebanon. Aruri, exiled from his village Arura since he was released from an Israeli jail in 2010, was killed in a drone strike on a southern Beirut suburb that Lebanese officials said was carried out by Israel.

₹5,000-6,000 crore every year to build capacity/ assets across various ports. The investments will be made with an aim to become world's largest port operator by 2030 and help the company continue to grow by 12-14% per annum.

Israeli strike killed the deputy leader of Palestinian militant group Hamas. The day after loud blasts ripped through the district from the drone attack that killed Saleh al-Aruri, armed men of Hezbollah were standing guard in the mainly Shiite Muslim area that is their stronghold. Local residents said they were surprised to learn that their busy street housed the secretive Hamas bureau in a non-descript three-storey building nestled next to a pharmacy and a sweets shop. Israel has not claimed the deadly attack but Hamas, the group behind the October 7 attack that sparked the Gaza war, and Lebanese officials have no doubt it was Israel who killed Aruri and six Hamas operatives. Beirut's southern suburbs have long been a stronghold of the Iran-backed Hezbollah armed group, but it is also an overcrowded residential area packed with civilians, shops and restaurants. «No one knew that there was a Hamas office here,» said Ahmed, 40, who works in the nearby sweets shop.

Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organisations by the EU, Israel, the US and other countries, according to a Reuters analysis.

Harvard President Claudine Gay announced her resignation on Tuesday, merely six months into her tenure. The decision comes amid allegations of plagiarism in her academic work and scrutiny from congressional lawmakers over her handling of antisemitism on campus during the Israel-Hamas conflict. Claudine Gay, Harvard's first Black president, expressed the difficulty of her decision in a statement, noting, «This is not a decision I came to easily.» After consulting with the Harvard Corporation, she concluded that resigning is in the best interests of the institution.

₹1,304 in the initial trading hours on January 3. This surge followed the company's announcement of acquiring an Israel-based firm. The acquisition of Libra Merger Ltd marks Sun Pharma's second venture in Israel, following the notable acquisition of Taro Pharma.

BEIRUT : Israel was on high alert for an escalation with Hezbollah on Wednesday after one of the top leaders of the Palestinian Hamas was killed in a strike in Beirut that was widely blamed on Israel and heightened the risk of a broader Middle East conflict. The killing of Saleh Arouri, the most senior Hamas member slain since the war in Gaza erupted nearly three months ago, provided a morale boost for Israelis still reeling from Hamas' Oct. 7 attack as the militants put up stiff resistance in Gaza and continue to hold scores of hostages.

Itamar Ben Gvir, dismissed the US State Department's condemnation of his statement for urging Palestinians in Gaza to be resettled outside the strip on Tuesday, The Times of Israel reported. «I really admire the United States of America but with all due respect, we are not another star in the American flag,» Ben Gvir, who heads the ultranationalist Otzma Yehudit party, said in a statement.

The top commander of U.S. naval forces in the Middle East says Iranian-backed Houthi rebels are showing no signs of ending their “reckless” attacks on commercial ships in the Red Sea

AFP. A high-level security official told the agency that the leader was killed along with his bodyguards in the strike by Israel, which vowed to destroy Hamas after the movement's unprecedented October 7 attacks on Israel. Israel has previously announced the killing in Gaza of Hamas commanders and officials during the war, but Aruri is the most high-profile figure to be killed, and his death came in the first strike on the Lebanese capital since hostilities began.

Gold prices held steady on Wednesday as investors looked forward to minutes of the last Federal Reserve policy meeting due later in the day for more clarity on its next moves, while a stronger dollar kept bullion's gains in check. FUNDAMENTALS * Spot gold was up 0.1% at $2,061.49 per ounce, as of 0132 GMT. U.S.

Asian shares extended a global sell-off on Wednesday while the dollar held gains as market optimism about early and aggressive U.S. interest rate cuts ebbed ahead of the release of Fed minutes and jobs data. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1% after a 1.0% drop the previous day in a sluggish start of the new year.

(Reuters) -A U.S. judge ruled in favor of Israel's Teva Pharmaceutical Industries (NYSE:TEVA) in a patent infringement lawsuit brought by Corcept Therapeutics (NASDAQ:CORT), sparking a frenzied sell-off in shares of the California-based drug developer.

air strikes on Tuesday, residents said, and Israeli ground troops and Hamas militants also battled in other parts of the shattered Palestinian enclave. Israel said its troops had killed dozens of militants in Gaza's north in the past day. Residents said Israeli tanks had shelled parts of the Al-Bureij refugee camp in the central area.

The International Economic Association (IEA) recently concluded its 20th World Congress in Medellín, Colombia. This triennial event brings together scholars from all over the world to share and discuss the latest developments in economic thinking. This year’s edition underscored the urgency of re-evaluating some of the field’s core assumptions.

Lebanon's Hezbollah group says top Hamas official Saleh Arouri was killed on Tuesday in an explosion in a southern Beirut suburb. Arouri, one of the founders of Hamas' military wing, had headed the group's presence in the West Bank. Israel's Prime Minister Benjamin Netanyahu had threatened to kill him even before the Hamas-Israel war began on October 7. Israeli officials declined to comment.

The elections year: 2024 is going to be the year of elections. An estimated number of over 4.1 billion people out of the total global population of over 8 billion are living in countries that will go to polls in 2024. According to Bloomberg, countries that contribute 80% of the world market cap and 60% of global GDP will be voting.

₹5,942 per bbl, having swung between ₹5,935 and ₹6,148 per bbl during the session, against a previous close of ₹6,027 per barrel. Also Read: India increases oil imports from Saudi as Russian purchases fall to 11-month low in December -A Reuters survey of economists and analysts predicted that Brent crude would average $82.56 a barrel this year, up slightly from the 2023 average of $82.17, with weak global growth expected to cap demand. Geopolitical tensions, however, could provide price support.

By Florence Tan