Israel Financial News

Gold jumped to the highest level in four weeks as the intensifying conflict in the Middle East bolstered haven demand, with hopes for a diplomatic resolution deteriorating after a deadly explosion in Gaza.

crisis in the Middle East has been blown up by an explosion at a Gaza hospital that killed hundreds of Palestinian civilians. Amid mutual recriminations over who was responsible, Jordan denounced the “heinous war crime" and cancelled a summit it was due to host in Amman with Mr Biden as well as Palestinian and Egyptian leaders. The president pressed on with the trip nevertheless, visiting Israel only.

US President Joe Biden landed in Israel on Wednesday to meet with Prime Minister Benjamin Netanyahu. The meeting comes after a series of terror attacks against Israel by militant group Hamas on October 7. Mint breaks down what’s at stake.

Gaza hospital blast: The Israeli Defense Forces (IDF) have released a footage which allegedly is a recording of ‘Palestinian Terrorists’ discussing the ‘failed rocket launch’ that killed between 200 and 300 people. Health authorities in Hamas-ruled Gaza said the explosion killed 500 people and was caused by the latest in a wave of Israeli air strikes.

Nifty 50 today: The domestic market witnessed significant selling pressure on Wednesday, October 18, which made the benchmarks the Sensex and the Nifty 50 conclude the day in negative territory. This downturn could be attributed to growing concerns about an escalation of the Israel-Hamas conflict. Concerns are growing that the ongoing Israel-Hamas conflict may escalate into a larger regional crisis, potentially involving other nations.

Financial analysts at Berenberg view recent reports of Hamas crypto donations as a major stumbling block to the pace of positive crypto regulations globally.

Prime Minister Justin Trudeau on Tuesday cited a marked rise in antisemitism in Canada following Palestinian Islamist group Hamas’ attack on Israel and Israel’s subsequent deadly air strikes in Gaza.

Investing.com — U.S. President Joe Biden heads to Israel, while crude prices soar as a missile explosion on a Gaza hospital esclated tensions in the Middle East. The earnings season continues with results due from Netflix (NASDAQ:NFLX) and Tesla (NASDAQ:TSLA), while Chinese GDP expanded by more than expected in the third quarter.

Israel-Hamas war's outset, reports indicate that up to 2,778 Palestinians have lost their lives and at least 1,400 Israelis and foreign nationals have been killed in Israel. Although the Palestine issue has long been at the core of regional geopolitics, the recent focus on geoeconomics in the region could face significant challenges in the future.

Also Read: Israel-Hamas War: Blast at Gaza hospital kills over 500, PM Netanyahu says 'they killed their own children'. 10 points “Deeply shocked at the tragic loss of lives at the Al Ahli Hospital in Gaza. Our heartfelt condolences to the families of the victims, and prayers for speedy recovery of those injured," Modi said on X, adding, “Civilian casualties in the ongoing conflict are a matter of serious and continuing concern.

Gaza's Al-Ahli Arab hospital resulting in the deaths of approximately 500 people. Through a post on social media platform X, he expressed his deep shock at the loss of lives and extended heartfelt condolences to the families of the victims. «Deeply shocked at the tragic loss of lives at the Al Ahli Hospital in Gaza. Our heartfelt condolences to the families of the victims, and prayers for speedy recovery of those injured.

all is fair in love and war, the ‘Hamas attack cannot be justified…’ Enforcing laws during war's chaos is tough. Holding perpetrators accountable post-conflict is often elusive due to complexities and challenges. But there are clear evidences that show both Palestinian militant group Hamas and Israel have been breaking international laws since the start of the war.

This incident has sparked condemnation worldwide and led to violent protests in several Muslim nations. Amidst the chaos, blame for the devastating tragedy is being exchanged between Israel and Palestinians.

By Nidal al-Mughrabi and Steve Holland

The Spectator. During the initial hours following the blast, a Gaza civil defence leader stated that around 300 people had perished, while sources from the health ministry indicated a figure of 500, as per Reuters' report. Hundreds of people were murdered in a major explosion at a hospital in Gaza City on Tuesday, intensifying bombardments near towns in southern Gaza rattled civilians where Israel had ordered them to take refuge.

Reuters reported. Vietnam's President Vo Van Thuong invited Putin to “soon" visit the country and “Putin happily accepted the invitation," Vietnam News Agency, the state's official newswire, reported late on Tuesday. Also Read: BRI Summit: Putin advocates Russia's northern sea route; hails 'dear Friend' Xi Jinping Like China and Kyrgyzstan, Vietnam is not a member of the ICC.

Reuters' report. Israeli Prime Minister Benjamin Netanyahu blamed Palestinian militants for the explosion.

By Tom Westbrook

New York | Davis Polk, one of the most prestigious law firms in the US, is reconsidering its decision to rescind employment offers made to students who the firm believed led organisations at Harvard and Columbia that issued statements blaming Israel for the October 7 attack by Hamas that left more than 1400 Israelis dead.

United States authorized non-essential personnel and their families to leave their embassy near Beirut on Tuesday, citing the unpredictable security situation in Lebanon due to the Israel-Hamas war. The State Department also raised its travel advisory for Lebanon from level three, issued in July, to the highest available level four, as it told Americans to avoid the country. «Do not travel to Lebanon due to the unpredictable security situation related to rocket, missile, and artillery exchanges between Israel and Hezbollah or other armed militant factions,» the State Department said in a statement Tuesday. Hamas launched a massive assault against Israel on October 7, shooting, stabbing and burning to death more than 1,400 people, most of them civilians. Reeling from the worst attack in its history, Israel launched a wave of retaliatory air strikes against the Gaza Strip, killing about 3,000 people, mostly civilians. Lebanon-based Hezbollah, which like Hamas is backed by Iran, has since been involved in a series of tit-for-tat incidents along the south Lebanese border with Israel. After a blast ripped through a Gaza hospital on Tuesday, killing hundreds, Hezbollah called for a «day of rage.» Israel and Palestinians have traded blame for the blast, though neither's claim could be independently verified. Following Hezbollah's call, hundreds of demonstrators scuffled Tuesday night with Lebanese security forces outside the US embassy in the Beirut suburb of Awkar, where protesters hurled stones and set a building on fire, according to AFP correspondents. Hundreds also gathered at the French embassy in Beirut, raising Hezbollah flags and also hurling stones which piled up at the embassy's main entrance. Palestinian

UN Security Council scheduled a Wednesday vote on a resolution that initially condemned «the heinous terrorist attacks by Hamas» on Israel as well as all violence against civilians, while calling for «humanitarian pauses» to deliver desperately needed aid to millions in Gaza. Negotiations on wording of the draft resolution sponsored by Brazil continued throughout Tuesday, and the final version to be voted on had not been released by late Tuesday. The vote follows the council's rejection Monday evening of a Russian-drafted resolution that condemned violence and terrorism against civilians and called for a «humanitarian cease-fire» but made no mention of Hamas.