Israel Financial News

(Reuters) — Elon Musk, on a visit to Israel after being assailed for an anti-Jewish post on his social media site X, received a symbolic dog-tag from the father of an Israeli taken captive by Hamas in Gaza and promised to wear it until all the hostages were free.

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Elon Musk has visited Israel, where he toured a kibbutz attacked by Hamas militants

Dubai has a long history of finding economic success amid the war-ravaged woes of the wider Middle East

The seizure off Yemen is the third such assault in the Israel-Hamas war.

A shaky cease-fire between Israel and Hamas has allowed a surge of aid to reach Palestinians in Gaza, but humanitarian groups and civilians in the enclave say the convoys aren’t nearly enough to address the needs of the strip’s two million people. Despite the pause in fighting, Palestinians in Gaza are burning door frames and piles of garbage to cook, sleeping crammed into school classrooms and strangers’ homes, and scrambling onto trucks bringing aid from Egypt in a desperate grab for supplies, residents say. The cease-fire has also allowed Gazans a chance to bury the dead and to take stock of entire neighborhoods that have been reduced to rubble during seven weeks of Israeli bombing.

AFP looks at 10 standout numbers: The number of people around the world displaced by conflict or humanitarian crises was already at a record high before the Israel-Gaza war began on October 7, adding to the misery. By the end of September, 114 million people had been driven from their homes by wars in Ukraine, Sudan, Myanmar and the Democratic Republic of Congo and a humanitarian crisis in Taliban-run Afghanistan, among other factors, according to UN refugee agency the UNHCR. They have since been joined by at least 1.7 million Gazans. One heat record after another tumbled in 2023, which is on course to be the hottest year on record, according to the European Union's climate monitor Copernicus. The northern hemisphere had its hottest summer ever and temperature records were also smashed in the southern winter, with the Argentinian capital Buenos Aires experiencing its warmest August 1 on record at 30 degrees Celsius. Defending champions South Africa won a nail-biting final 12-11 against New Zealand in the Rugby World Cup, to claim a record fourth title and seal the growing role of rugby — once the sport of the white minority under apartheid — as a unifying force in multiracial South Africa. «People who are not from South Africa don't understand what it means for our country. It is not just about the game.

Broadcom Chief Executive Hock Tan shelled out $40,000 to sit at Xi Jinping’s table for the Chinese leader’s recent dinner in San Francisco with the heads of American businesses. Tan had a lot more at stake—a $69 billion deal he was waiting on China to approve. For months, Chinese regulators wouldn’t clear the U.S.

Elon Musk that the tech mogul has "a huge role to play" in combating anti-Semitism, which his social media platform is accused of spreading, according to AFP reports. The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas militants on October 7, and met with Prime Minister Benjamin Netanyahu and defense officials. Musk has been criticized over what critics say is a proliferation of hate speech on X, formerly Twitter, since his takeover of the social media site in October 2022.

Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) and Indian Oil Corporation Ltd (IOCL) saw smart gains on Tuesday with decline in Crude oil prices. While Hindustan Petroleum Corporation share price with gains of more than 5% scaled 52 week highs in morning trades, Indian Oil Corporation and Bharat petroleum corporation stock price also gained up to 4.0% on the BSE. Also read- Adani Group stocks surge up to 20% after SC concludes hearing The Brent Crude prices that had risen close to $100 a barrel in September, dipped belwo $80 a barrel levels.

US Secretary of State Antony Blinken will visit Israel, the West Bank, Belgium, North Macedonia and UAE this week. It is Blinken's third visit to Israel since Hamas launched an attack on southern Israel on October 7.

“Large private sector banks are available at attractive valuation backed by the very healthy and clean balance sheet, witnessing robust credit growth, Ajit Banerjee, Chief Investment Officer of Shriram Life Insurance Company. In an interview with ETMarkets, Banerjee said: “This lower premium combined with stronger earnings growth expectations for the Indian equity markets vs. Emerging markets over the next two years places India in a good position comparatively in terms of valuations and outlook,” Edited excerpts: Samvat 2080 started on a positive note as the market picked up momentum. Where are markets headed? The world economy is undergoing a mix of tailwinds and headwinds. On one side, we are witnessing an easing of inflation in the US and a global decline in commodity prices that have positively impacted the economy which reduced probable global recession fears and potentially influenced the US Federal Reserve's future rate hike trajectory.

By Raphael Satter and Diane Bartz

Antony Blinken will return this week to the Middle East as the U.S. hopes to find a way to extend a cease-fire in Gaza and get more hostages released, the State Department said Monday. It will be his third trip to the region since Israel's war with Hamas began last month. Blinken will travel to Israel and the West Bank after attending Ukraine-focused meetings on Tuesday and Wednesday in Brussels and Skopje, North Macedonia, where foreign ministers from NATO and the Organization for Peace and Security in Europe are gathering.

Israel and Hamas in Gaza appeared set to continue for a fifth day on Tuesday, there are expectations that Hamas will release more hostages seized on October 7 in exchange for increased aid and the release of imprisoned Palestinians by Israel, Reuters reported. As per the report, following the release of 11 Israelis on Monday, Hamas has now freed 69 hostages out of approximately 240 taken during an incursion into southern Israel, resulting in about 1,200 casualties according to Israeli figures. Early on Tuesday, media affiliated with Hamas reported that Israel had released 30 Palestinian children and three women in the fourth exchange of the truce.

Israel’s operations in Gaza, and accelerate humanitarian assistance to civilians in Gaza," the US State department said. It will be his third trip to the region since October 7, when Hamas militants attacked Israel, killed more than 1,200 people, and took 240 hostages.

By Dan Williams and Howard Goller

Numerous terror organizations are now utilizing Tron over Bitcoin, according to a new report by Reuters released Monday.

four-day truce, announced by Israel and Hamas on November 24, was scheduled to expire. As part of the truce agreement, Hamas was to release 50 out of the around 240 hostages which are in its custody since October 7, whereas, the Israeli forces were to free 150 Palestinian prisoners.

Israel and Hamas will be extended by two days, mediator Qatar said on Monday as the initial four-day truce in Gaza was set to expire. «The State of Qatar announces, as part of the ongoing mediation, an agreement has been reached to extend the humanitarian truce for an additional two days in the Gaza Strip,» said Qatari foreign ministry spokesman Majed Al Ansari said on X. Over the course of the humanitarian pause and in weeks prior, Qatar, with the support of the United States and Egypt, has been engaged in intense negotiations to establish and prolong the truce in Gaza, which mediators had said was designed to be broadened and expanded. The announcement comes on the final day of a four-day truce between the warring sides, as they were preparing for a fourth exchange of militant-held hostages for Palestinians imprisoned by Israel. On Sunday, Hamas freed 17 more hostages — 14 Israelis and three Thais — in a third exchange under the four-day truce. In turn, Israel released 39 Palestinian prisoners. Israel has indicated it will prolong the ceasefire for each release of 10 additional hostages.

Antonio Guterres pushed on Monday for a full humanitarian ceasefire between Israel and Palestinian militants Hamas instead of a temporary truce, as the «humanitarian catastrophe in Gaza is getting worse by the day.» Egyptian, Qatari and U.S. negotiators closed in on an extension of a four-day truce in Gaza that expires on Monday, Egyptian security sources said, amid growing global pressure to roll over a deal which has paused seven weeks of fighting.