Israel Financial News
02.01 / 07:08
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The overstretched superpower
America’s polarisation and congressional paralysis. Republicans, especially those of Mr Trump’s “America First" tendency, have grown ever more sceptical about supporting Ukraine in its war. And Congress, unable to pass bills since the removal of the speaker of the House of Representatives, Kevin McCarthy, on October 3rd, got a new one, Mike Johnson, only this week.
02.01 / 06:53
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Israel’s Supreme Court strikes down key feature of Netanyahu’s judicial overhaul
Israel’s Supreme Court struck down a key component of Prime Minister Benjamin Netanyahu’s contentious judicial overhaul Monday, delivering a landmark decision that could reopen the fissures in Israeli society that preceded the country’s ongoing offensive against Hamas.
02.01 / 06:21
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From ‘Israel’s right to defend' against Hamas to sinking ships in Red Sea: US amps up presence in West Asian conflict
Hamas saw the world change stance from ‘right of one nation to defend itself’ to ‘need for aids to enter the attacked nation’, but none holding the power to has sought an ‘immediate ceasefire’. The war inflated on 7 October, when Hamas fighters from Gaza launched a multi-pronged attack on Israel, killing at least 1,200 people.
02.01 / 01:46
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Israel-Hamas War Day 88: Israel's Top court overturns govt's plan to curtail judiciary power | Top 10 updates
The Times of Israel reported. This decision raises the possibility of escalating tensions in the nation while PM Benjamin Netanyahu fights Hamas in Gaza. With eight votes against seven, the court decided that the government's modification to the so-called reasonableness law should be rejected.
01.01 / 16:16
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Israel to pull thousands of troops from Gaza: What does it mean?
Reuters reported. This is likely to be a temporary move but the “most significant" one as this is the first pullback of troops announced since the beginning of the war in October 2023. The military said in a statement on Monday that five brigades, or several thousand troops, were being taken out of Gaza in the coming weeks for training and rest.
01.01 / 15:12
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2024
Global upheaval marks start of 2024 amid conflicts and natural disasters
2024, celebrated worldwide, was overshadowed by unsettling occurrences unfolding across continents, from airstrikes in Gaza and Ukraine to a catastrophic earthquake in Japan, painting a turbulent opening to the year. As the skies sparkled with New Year's fireworks globally, disquieting events marked the commencement. From Gaza, rockets launched towards Israel at midnight prompted defensive measures, compelling Israeli revelers to seek refuge. In response, Israel's retaliatory actions resulted in casualties and extensive devastation in Gaza, worsening an already dire humanitarian crisis.
01.01 / 09:23
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US Navy engages and sinks Houthi boats in Red Sea clash following attack on Maersk ship – Top developments
The US Navy headquarters reported sinking three small boats affiliated with Houthi militants in the Red Sea, according to military officials. This occurred as a response after a US warship answered a distress call from a merchant vessel in the region. The incident involved a Maersk container ship being targeted by Houthi forces at approximately 6.30 am local time, facing an attack from four small Houthi boats. Reuters quoted accounts by American, Maersk, and Houthi officials stating that US helicopters repelled an attack by Iran-backed Houthi militants on a Maersk container vessel, sinking three boats and killing 10 militants.
01.01 / 07:30
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Shale Is Keeping the World Awash With Oil as Conflicts Abound
A surprise surge in American oil and gas production and exports is helping to keep the world stocked, blunting the impact of widening conflict in the Middle East that has crimped key shipping lanes. When Iranian-backed Houthi militants began launching missiles and drones at ships crossing the Red Sea near Yemen in October, many feared disruption to the vital shipping lane would drive up energy prices. But oil and gas prices this past month have sunk about 5% and 23%, respectively.
01.01 / 07:26
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Can the Palestinian Authority control Gaza if Hamas is ousted?
invade Gaza, one question keeps coming up: who should take control of it after they have rooted out Hamas—if, indeed, they are able to do so? Many, especially Israel’s allies, are looking to the Palestinian Authority (PA), which was thrown out of Gaza by Hamas almost two years after Israel withdrew its troops and dismantled its settlements there in 2005. But the PA seems to be in no position to take charge of the coastal enclave.
01.01 / 03:06
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Maersk suspends ships' passage via Red Sea strait for 48 hours
India monitoring Red Sea developments; got info on US-led naval task force It appeared to be undamaged in that attack and "was able to continue its transit north", said Maersk, one of the world's largest shipping companies. Why the Houthi attacks in the Red Sea are worrisome It was then attacked by four ships operated by Yemen's Iran-backed Huthi rebels, which "engaged fire in an expected attempt to board the vessel", the Danish shipping company said.
01.01 / 03:05
Manufacturing
Stocks to Watch: Zomato, Vedanta, Torrent Power, Yes Bank, Reliance Power
Zomato: The company has received three orders from the sales tax officer, Delhi, and deputy commissioner, Bengaluru, alleging short payment of GST along with applicable interest and penalty under the Central Goods and Services Tax, totalling ₹4.24 crore. These orders are for financial year 2018.
01.01 / 03:03
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Israel-Palestine War Day 87: Pope Francis’ message, Israel’s attack in Gaza, Netanyahu’s comment; 10 updates
Israel, causing alarm as the new year began. Sirens had been heard across various cities including Ashdod, and Sderot, as well as in Rehovot, Ness Ziona, Holon, Lod, and Modiin. There have been no injuries reported.
31.12 / 20:30
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2024
The three scenarios ahead for multilateralism in 2024
To gain a glimpse of the kind of strains many countries will face in 2024, it can help to focus on the challenges facing a single country. Consider Egypt’s recent experience. When Russia invaded Ukraine in February 2022, the sharp global increase in grain and fertilizer prices disrupted the Egyptian economy, which was already worn down by the covid-19 pandemic, water shortages, and debt.
31.12 / 20:29
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2024
Predictions for 2024: Skilling to green finance, need to get things right
Indian equity markets will be looking towards in 2024. The Indian equity market has been an outperformer and a safe haven in 2023 largely on account of good policies and political stability. That is key. Personally, I am very bullish on India. But India needs trained manpower to truly leverage its demographic dividend. So I would emphasise skill development centres nationwide.
31.12 / 20:24
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World welcomes New Year with fireworks, some stark words and a royal farewell
(Reuters) -New Zealanders were among the first in the world to celebrate the arrival of 2024 with a fireworks display in Auckland on Monday. The fireworks illuminated the cloudy night sky and were accompanied by a laser light and animation show.
31.12 / 18:54
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Israel Embassy blast: Investigators take cue from previous attacks
probe into the blast near the Israel Embassy widens, investigators have started looking for clues from two similar incidents in the past: An IED blast in the same locality in 2021 and an attack on an Israeli diplomat in 2012. The National Investigation Agency probing the 2021 blast case has been unable to make any breakthrough so far. In February 2012, when a diplomat was targeted in Chanakyapuri, similar attempts were made on an Israel embassy staff member in Tbilisi, the capital of Georgia, and another in Bangkok.
31.12 / 18:51
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Maersk pauses Red Sea sailings after Houthi attack on container ship
By Jacob Gronholt-Pedersen and Ahmed Elimam
31.12 / 15:56
31.12 / 15:33
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Houthis show no sign of ending 'reckless' Red Sea attacks as trade traffic picks up, says commander
commercial ships in the Red Sea, the top commander of US naval forces in the Middle East says, even as more nations join the international maritime mission to protect vessels in the vital waterway and trade traffic begins to pick up. Since Operation Prosperity Guardian was announced just over 10 days ago, 1,200 merchant ships have traveled through the Red Sea region, and none had been hit by drone or missile strikes, Vice Adm. Brad Cooper said in an Associated Press interview, although the US military said that one ship reported being struck by a missile late Saturday.
31.12 / 13:51
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Israeli strike kills former Palestinian Minister Youssef Salama: Agency
Palestinian Authority minister was killed on Sunday in an Israeli strike on his home in the Gaza Strip, the official Palestinian news agency and Hamas health ministry said. Youssef Salama, the 68-year-old former minister of religious affairs in the Palestinian Authority, was killed in a strike on the Al-Maghazi refugee camp in the central Gaza Strip, Wafa news agency and the ministry reported.
31.12 / 13:00
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Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
Head of state. Commander in chief. Oil-trading whale? President Biden’s unprecedented release of oil from America’s petroleum reserves in 2022 turned the White House into an unusually active player in the volatile crude market.
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