Israel Financial News

Shipping Corporation of India and Great Eastern Shipping Company after correcting 1.7-5.8% on Wednesday though rebounded on Thursday , nevertheless analysts remain cautiously watchful. Houthi attacks have started disrupting and shutting down red sea merchant ships. Ever since the Israel- Hamas Conflict started on October 7th, there have been rising incidents of attacks on commercial vessels in the Red Sea being reported.

struck al-Ahli hospital in Gaza City. Thousands of civilians had been sheltering there, alongside the sick. Palestinian officials say that hundreds died.

Kenneth Andrade, Founder & CIO of Old Bridge Capital Management, anticipates a potential market downturn in the coming year. According to the expert, macro events could be the catalyst for such a decline, with factors such as a global crisis, a country's balance sheet implosion, or a drying up of liquidity in the market being potential triggers. Andrade suggests that a significant macroeconomic event has the potential to remove liquidity from the market.

Mint takes a look at the crisis and India’s stakes in it. Originating from northern Yemen, the Houthis have been embroiled in a decade-long civil war, gaining significant territorial control, including Sanaa, the capital. The Houthis are considered close to Iran and have maintained a hardline stance against Israel and the US.

The Israeli military released footage of a tunnel network in Gaza City that it said provided Hamas’s senior leadership and operatives covert passage across the enclave. The military said that tunnel shafts were found in the residences and offices of senior Hamas officials and that they allowed for covert descent through elevators and stairs and allowed for both escape and prolonged stays.

PTI that 19 cases of COVID-19 sub-variant JN.1 have been traced in Goa while one each in Kerala and Maharashtra. Amid an uptick in Covid-19 cases across the globe, the World Health Organisation has decided to classify the JN.1 Covid variant as the “variant of interest." However, the world heath body added that the variant does not pose much threat to public health. JN.1 (BA.2.86.1.1) variant is a descendant of the BA.2.86 lineage (Pirola) of coronavirus.

Investing.com-- Oil prices fell in Asian trade on Thursday as momentum in a recent rally was culled by data showing an unexpected build in U.S. inventories, while talks over a potential ceasefire in the Israel-Hamas war dented bets on more supply disruptions.

Israel's Minister of Defense Yoav Gallant visited an Israeli Navy «Sa'ar 6» class Missile Ship sailing in the Gulf of Eilat on Wednesday. He also met with the Navy commanders and soldiers operating in the vicinity of the city of Eilat. Gallant was briefed on operational and intelligence activities as well as the Navy's preparations in the face of aerial and naval threats in the Red Sea, such as the attacks by Houthi terrorists based in Yemen.

But who are these Houthi rebels attacking ships in the Red Sea, what do they want? Let's take a deep dive into the crisis: Houthi rebels are backed by Iran. They seized Yemen's capital, Sanaa, in 2014, launching a grinding war. They are formally known as Ansar Allah, or the “partisans of God." As of now, the Yemeni rebel group controls the west of the country, including its Red Sea coast, the Guardian reported.

Netflix Originals bidding adieu globally or in select regions throughout January 2024. The departure of these titles raises questions about why Netflix Originals leave the platform, a phenomenon largely tied to the licensing agreements, especially for earlier Originals.

Oil-and-gas prices rose Wednesday after recent rebel attacks in the Red Sea scrambled the shipping industry and prompted the U.S. to send warships into the region to protect a vital trade lane. But thus far the response of energy markets to the disruption has been muted compared with dramatic moves in prices sparked by some other past outbreaks of violence in the Middle East.

hijacked in the Middle Eastern sea with 25 people on board by Houthi rebels. This disruption is significant as approximately 12 percent of global shipping traffic navigates through the Red Sea and the Suez Canal.

A quasi-independent review board has ruled that Facebook parent company Meta should overturn two decisions it made this fall to remove posts “informing the world about human suffering on both sides” of the Israel-Hamas war

It’s been a tough few weeks for Starbucks

Global trade is under threat again. This time from missile attacks linked to the Israel-Hamas war targeting commercial ships passing through the Red Sea, near the Suez Canal. That may force many vessels to take the longer but safer route around Africa and is boosting oil prices.

ground invasion. At the same time it is evacuating villages near its border with Lebanon for fear that a second front could open in the north. Hizbullah, an Iran-backed Shia militant group based in Lebanon, has exchanged fire with Israel.

Alec Baldwin was captured on video at a pro-Palestinian rally in New York City on Monday during a heated argument with a protester.

India over an alleged plot to kill Khalistan separatist Gurpatwant Singh Pannun and expressed its willingness to engage with New Delhi in resolving the ongoing conflicts in Ukraine and West Asia. “I would say that we would welcome India’s constructive engagement in these two matters (wars in Ukraine and Gaza) as we welcome constructive engagement from countries around the world,” US state department spokesperson Matthew Miller said. He said the Joe Biden administration has focused a “great deal of time and attention” on the ties with India. Miller’s comments came ahead of foreign minister S Jaishankar’s Moscow trip later this week. India, which has maintained neutrality in the Ukraine war and continued its engagements with Russia, favours dialogue and diplomacy as the way forward to end the conflict. India has strong ties with Israel as well as with the Arab world. The country recently hosted the Sultan of Oman.

Harvard College received 17% fewer applications for early admission from high school seniors this year, according to the school’s website. The drop comes after incidents of antisemitism on campus in the wake of the Oct. 7 attack on Israel by Hamas.

Narendra Modi held a telephonic conversation with his Israeli counterpart Benjamin Netanyahu on Tuesday to discuss the ongoing conflict between Israel and Hamas as well as concerns over the flow of shipping through vital West Asian corridors. “Had a productive exchange of views with PM @netanyahu on the ongoing Israel-Hamas conflict, including shared concerns on the safety of maritime traffic. Highlighted India’s consistent stand in favour of early restoration of peace & stability in the region with continued humanitarian assistance for the affected," Modi tweeted on X, formerly Twitter, a social media website.

Pentagon planners worried about the increasing threat from drones have looked at everything from mesh nets and missiles to cannons and lasers, but now a once highly-classified technology is attracting more attention and funding. High-power microwave devices that can disrupt or even fry the electronics of aerial threats—such as drones and missiles—are moving to the forefront of defense strategies after years of development. In theory, microwave systems offer the ability to keep firing for as long as they have power, which could help take down a swarm of drones.