Israel Financial News

Lifshitz, an Israeli grandmother released by Hamas militants on Monday, is a peace activist who together with her husband helped sick Palestinians in Gaza get to hospital for years, her grandson told Reuters. The Palestinian militants said they released Lifshitz, 85, and a second woman Nurit Cooper, 79, on health grounds, after taking them and more than 200 others hostage during an Oct.

UN General Assembly will meet Thursday to discuss the conflict triggered by the attack by Hamas militants on Israel, the body's president announced in a letter to member states. The Security Council has so far failed to agree on a resolution concerning the war, but a number of states — including Jordan on behalf of an Arab group of nations, Russia, Syria, Bangladesh, Vietnam and Cambodia — formally requested General Assembly President Dennis Francis to schedule the meeting. Last week, the UN Security Council, regularly divided on the Israeli-Palestinian issue, rejected a Russian draft resolution calling for a «humanitarian pause.» Only five of the 15 member states had supported the text, which condemned all violence against civilians and all terrorist acts, but did not name Hamas, an unacceptable omission to the United States, the United Kingdom and France. Washington then vetoed a second resolution put forward by Brazil as the text did not mention Israel's right to defend itself. Twelve out of 15 Council members voted in favor of that resolution, which also condemned the «heinous terrorist attacks by Hamas,» while Russia and the United Kingdom abstained. The United States was the only vote against, but as one of the body's five permanent members its vote counts as a veto. The Security Council will meet to discuss the issue Tuesday ahead of the General Assembly's gathering Thursday at 10:00 am (1400 GMT).

Investing.com-- Oil prices rose on Tuesday, recovering a measure of steep losses as traders continued to seek new developments in the Israel-Hamas war, while a swathe of upcoming readings on business activity also came into focus.

Israel's military said it was preparing for «unrelenting attacks» to dismantle Hamas while former U.S. President Barack Obama warned that «any Israeli military strategy that ignores the human costs could ultimately backfire.» The Palestinian health ministry said the Gaza death toll in two weeks of air strikes had topped 5,000. Israel pounded hundreds of targets in Gaza from the air on Monday as its soldiers fought Hamas militants during raids into the besieged Palestinian strip where civilians are trapped in harrowing conditions.

Israel men's and women's national teams have been rescheduled for November, world soccer's governing body FIFA said on Monday. UEFA postponed all matches scheduled in the country earlier this month due to the Israel-Hamas conflict. The rescheduled games will be played as close as possible to the existing November international windows, FIFA said. The Kosovo v Israel and Israel v Switzerland Euro 2024 Group I qualifiers will now take place on Nov. 12 and Nov.

Hamas as a barbaric terrorist organisation, an Indian American Congressman has said there is a need to eliminate the terror outfit. The Palestinian militant group Hamas launched a barrage of rocket attacks in Southern Israel on October 7. The unprecedented assault triggered retaliatory strikes from the Israel Defense Forces.

Also read: Israel-Hamas war: ‘Ignoring human costs could…’ Obama warns Israel on actions in Gaza Israel is preparing a large-scale ground operation in an environment in which Hamas militants have had years to prepare tunnel networks and set traps throughout northern Gaza's dense urban blocks. More than 1,400 people in Israel have been killed, mostly civilians who died in the initial Hamas rampage into southern Israel on 7th October.

Here are the latest updates on the Israel-Hamas war:After releasing Yocheved Lifshitz and Nurit Cooper in the Gaza Strip on Monday night, the total number of hostages freed by Hamas has increased to four.Hamas released two other hostages — an American mother and daughter — on Friday.Hamas is believed to be holding over 200 people, including an unconfirmed number of foreigners and dual nationals.The International Committee of the Red Cross says Hamas militants have released two hostages who had been held captive in the Gaza Strip.The hostages were identified by Israeli media as Yocheved Lifshitz and Nurit Cooper of the Israeli kibbutz of Nir Oz.In a statement, Hamas said it had released them for humanitarian reasons.Israel has demanded the unconditional release of all hostages held by Hamas.

It’s been 17 days since Hamas launched its horrific attack against Israel, killing over 1,400 Israeli citizens, including defenseless women, children and the elderly. In the aftermath of such unspeakable brutality, the U.S. government and the American people have shared in the grief of families, prayed for the return of loved ones, and rightly declared solidarity with the Israeli people. As I stated in an earlier post, Israel has a right to defend its citizens against such wanton violence, and I fully support President Biden’s call for the United States to support our long-time ally in going after Hamas, dismantling its military capabilities, and facilitating the safe return of hundreds of hostages to their families. But even as we support Israel, we should also be clear that how Israel prosecutes this fight against Hamas matters. In particular, it matters — as President Biden has repeatedly emphasized — that Israel’s military strategy abides by international law, including those laws that seek to avoid, to every extent possible, the death or suffering of civilian populations. Upholding these values is important for its own sake — because it is morally just and reflects our belief in the inherent value of every human life. Upholding these values is also vital for building alliances and shaping international opinion — all of which are critical for Israel’s long-term security. This is an enormously difficult task. War is always tragic, and even the most carefully planned military operations often put civilians at risk. As President Biden noted during his recent visit to Israel, America itself has at times fallen short of our higher values when engaged in war, and in the aftermath of 9/11, the U.S. government wasn’t

Also Read: From high inflation to import bill - the domino effect of rising crude oil prices on Indian economy With major oil producers Saudi Arabia and Russia announcing oil supply cuts of a combined 1.3 million barrels per day (mbpd) till the end of the year, the global economy already faces an oil market deficit. Now, with oil prices hovering above the $90 per barrel-mark, the escalation of the conflict towards other Middle Eastern oil producers is concerning and requires careful monitoring, especially given the global economy's 'higher for longer' interest rate scenario. The oil supply is unlikely to be threatened unless the issue expands to other nations in the region and becomes a proxy conflict between the US and Iran.

By Yuka Obayashi

By David Morgan and Katharine Jackson

By Hannah Lang and Kanjyik Ghosh

Indian insurance companies, including HDFC Ergo, have made a significant decision to cancel coverage for damage resulting from strikes, riots, civil commotions, lockouts, vandalism, and sabotage in the Israel/Gaza/Lebanon region due to the ongoing war. This move is aimed at mitigating potential risks associated with war-related activities. While this will have an impact for marine cargo insurance policies, which is important for businesses involved in shipping and transporting goods across the Israel/Gaza/Lebanon region, insurance companies generally take such steps to avoid increase in reinsurance rates. «Insurance companies have cited concerns about rising reinsurance costs as a driving force behind this directive,» said an executive at an insurance intermediary.

Metropolitan Police Commissioner suggests that the laws addressing extremism may require revision in light of pro-Palestinian demonstrations during the Israel-Hamas conflict. Sir Mark Rowley expressed that it falls upon politicians to establish the legal boundaries, which the police would then enforce.

Screenwriters Guild of Israel has criticized the Writers Guild of America for failing to comment on the October 7 attacks in southern Israel by the Hamas terrorist organization, which resulted in the killing of around 1,400 people, the majority of whom were civilians. “It's sad that the professional writers' guild can't find the courage to speak out against the terrorist group that is holding 200 hostages right now. Some of the hostages are toddlers and babies who were taken from their cribs while their mothers were raped in the same room.

Investing.com — The “no free lunch” metaphor is becoming clearer for the long-oil community that had doubled down on the crisis in Gaza to send the market higher than probably warranted. 

The U.S. government is tightening trade restrictions on Hamas-related to entities as Congress presses the Biden administration to do more about the terrorist group’s sources of crypto funding.

MUMBAI : Indian stocks plunged on concerns over the impact of rising US bond yields, the widening Israel-Hamas conflict, and the pressure on profitability posed by potentially higher crude oil prices. The decline was fuelled by widespread selling by retail and affluent investors across small- and mid-cap stocks, which had previously outperformed their large-cap counterparts. The Nifty and Sensex fell by more than a percent each, breaching key supports, while the Nifty Midcap 150 and the Nifty Smallcap 250 indices slumped 2.7% and 3.79% each.

Sarah Jama from caucus.Stiles says the member for Hamilton Centre, who has been under fire for comments about the Israel-Hamas conflict, made what Stiles calls “a number of unilateral actions” that have undermined the party’s collective work and broken the trust of her colleagues.Jama spoke this morning in the legislature against a motion to censure her for a statement she made on the conflict between Israel and Hamas.She said Premier Doug Ford’s government is targeting her to distract from its own scandals, and also said that governments and institutions in Canada are trying to use their voice and weight to silence people who support Palestinians.The Progressive Conservative motion would effectively silence Jama in the legislature and calls on the Speaker not to recognize her in the House until she retracts her original statement and apologizes again.Jama’s original statement, on social media, decried “the generations long occupation of Palestine” without mentioning the attack by Hamas militants on Israeli civilians.Stiles had originally defended Jama after the legislator issued an apology for her initial statement, but now says in a statement that she and Jama had agreed that in order for her to stay in caucus they would work together “in good faith with no surprises” but now some of her actions “have contributed to unsafe work environments for staff.”

Track the latest updates on Israel-Hamas war Syria, under Bashar al-Assad's rule since 2000, has held differing views on Hezbollah. While the Syrian leadership adheres to the Alewite sect, Hezbollah adheres to hardline Shia school of thought, and envisages a theocratic state on the lines of post-1979 Iran. The Assad-Hezbollah relations, however, turned strong in the aftermath of the Syrian civil war in 2011, as the militant group sided with Iran and Russia to back the embattled Syrian president.