Israel Financial News

Israel's Defence Minister Yoav Gallant said Wednesday that 60 percent of Hamas fighters had been «eliminated or wounded» in the Gaza war since the militant group's October 7 attacks. Gallant reaffirmed in a statement to parliament on the first nine months of the conflict that Israel was «determined» to meet its war goals of eradicating Hamas and bringing all hostages back from Gaza. The minister praised Israeli soldiers for «performing their work with dedication, sacrifice and success» and said «the achievements are many».

Investing.com-- Oil prices steadied in Asian trade on Tuesday as markets watched for the potential impact of tropical storm Beryl on U.S. oil production, while ongoing ceasefire talks between Israel and Hamas remained in focus.

The global oil market has been roiled over the last several years. The demand shock during the pandemic, gradually evolving demand dynamics due to the electric vehicle (EV) transition, disruption of tanker movements following the Israel-Hamas war and economic sanctions against Russia, in interaction with supply responses to these events, have impacted international oil prices, trade flows and investments. Emerging clean energy technologies and more widespread efficiency policies and techniques are combining to slow down growth in oil demand.

Oil prices settled lower on Friday as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf of Mexico hurricanes. Brent crude futures settled down 89 cents, or 1.02% lower, to $86.54 a barrel, after reaching their highest since April earlier in the session. U.S. West Texas Intermediate (WTI) crude futures settled at $83.16 a barrel, down 72 cents, or 0.9%.

Israel carried out deadly air strikes in the Gaza Strip as the war entered its tenth month on Sunday, with fighting raging across the Palestinian territory and fresh diplomatic efforts under way to halt the violence. Israel has said it will send a delegation in the coming days to continue truce talks with Qatari mediators that began recently in Doha. But Prime Minister Benjamin Netanyahu's spokesman said «gaps» remained with Hamas on how to secure a ceasefire and hostage release deal.

Also read |IT hiring will return, but with a difference Tata Consultancy Services Ltd, India’s largest software exporter, in May said it had doubled its pipeline of generative artificial intelligence projects to $900 million in the March quarter. Infosys Ltd, India’s second-largest IT services company, has said it is working on 225 GenAI projects.

Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains. Brent crude futures rose 16 cents, or 0.2%, to $85.16 a barrel by 0032 GMT, while U.S. West Texas Intermediate crude futures were at $81.71 a barrel, up 17 cents, or 0.2%.

The winner of Iran’s presidential election will inherit domestic discord and an economy battered by sanctions, but also a strength: Tehran has more sway on the international stage than in decades. Iran, under Supreme Leader Ali Khamenei’s leadership, thwarted decades of U.S. pressure and emerged from years of isolation largely by aligning itself with Russia and China, giving up on integration with the West and throwing in its lot with two major powers just as they amped up confrontation with Washington.

As Israel prepares to wind down major military operations in Gaza, one question looms large: What happens next? A plan that is gaining currency in the government and military envisions creating geographical “islands" or “bubbles" where Palestinians who are unconnected to Hamas can live in temporary shelter while the Israeli military mops up remaining insurgents. Other members of Prime Minister Benjamin Netanyahu’s Likud party are backing another, security-focused plan that seeks to slice up Gaza with two corridors running across its width and a fortified perimeter that would allow Israel’s military to mount raids when it deems them necessary.

troops continued pressing military operations against Hamas in northern Gaza's Shejaya area, the Israel Defence Forces said on Sunday.

Calls have intensified for Justin Trudeau to resign as head of the party he almost single-handedly pulled back from the brink after a decimating electoral defeat in 2011.Still, Trudeau has been steadfast in his intention to lead the party into the next election.But even as several former elected Liberals, party faithful and strategists declare it’s time for the prime minister to step aside for fear of dragging the party down along with his personal polling numbers, many also admit a Liberal leadership race would be a risky and messy affair.The party hasn’t selected a new leader since 2013, when the Liberals changed the rules to give ordinary citizens a bigger say in who would take the reins of the party.It was part of the board’s “road map to renewal” plan to rebuild the party.The changes allowed a political movement to form behind Trudeau, who won the race easily and reinvigorated the party after a time of crisis.“It doesn’t matter to me if you were a Chrétien Liberal, or a Turner Liberal, or a Martin Liberal or any other kind of Liberal,” Trudeau told the cheering crowd after being voted in.“The era of hyphenated Liberals ends right here, right now, tonight.”His leadership did usher in a new era of Liberal unity, but Conservative strategist Ginny Roth said the party was also remade in his image.“The Liberal party was kind of rebuilt around Trudeau as a bit of a cult of personality, and that worked when he was popular,” said Roth, who served as Pierre Poilievre’s director of communications during his leadership race.Now that it’s no longer true, the very identity of the party is at stake.“I think a lot of Liberals are concerned about what a leadership race could mean, because there’s no real establishment.”If Trudeau

India's goods and services exports are expected to cross USD 800 billion this fiscal despite global challenges, Commerce and Industry Minister Piyush Goyal said on Saturday. In 2023-24, the shipments stood at USD 778.2 billion (goods USD 437.1 billion and services USD 341 billion).

Israel large numbers of munitions, including more than 10,000 highly destructive 2,000-pound bombs and thousands of Hellfire missiles, since the start of the war in Gaza, said two U.S. officials briefed on an updated list of weapons shipments. Between the war's start last October and recent days, the United States has transferred at least 14,000 of the MK-84 2,000-pound bombs, 6,500 500-pound bombs, 3,000 Hellfire precision-guided air-to-ground missiles, 1,000 bunker-buster bombs, 2,600 air-dropped small-diameter bombs, and other munitions, according to the officials, who were not authorized to speak publicly. While the officials didn't give a timeline for the shipments, the totals suggest there has been no significant drop-off in U.S. military support for its ally, despite international calls to limit weapons supplies and a recent administration decision to pause a shipment of powerful bombs.

Lebanon, the Ministry of External Affairs on Friday said the Embassy of India in Beirut is in «constant touch» with the Indian nationals there and added an advisory has been issued for them as a matter of «abundant precaution». MEA official spokesperson Randhir Jaiswal, in response to a query during a weekly media briefing here, said the advisory is not a «not a travel advisory» restricting the Indians to travel to Beirut. Some reports had claimed that India has issued a travel advisory for its nationals. «Our embassy in Beirut has issued an advisory. A lot of Indian nationals stay there, work there… there are professionals. As per the information that I have, about 2,000-3,000 people are there. Our embassy is in constant touch with them. We have not issued any travel advisory. We have just said that they should keep in touch with the embassy, so that if there is any incident, we can take action as soon as possible,» he said.

Nostradamus correctly predicted World War 1 and World War 2 almost 450-500 years before these were fought. At a time when the world is witnessing increased tension with no sign of it abetting, the natural question is, did he say anything about World War 3? If yes, what did he say exactly? Born in December 1503, the French philosopher, poet, physician and astrologer is best known for his book 'Les Propheties', a collection of 942 quatrains. These quatrains are believed to be prophesies in coded messages, open to interpretation in many ways.

Around 61 million Iranians are eligible to vote in the polls where reformist Masoud Pezeshkian, 69, hopes for a breakthrough win against a divided conservative camp.

A joke cryptocurrency token based on Joe Biden plummeted on Friday after the incumbent president debated Donald Trump in their first presidential debate of the election cycle on Thursday.

AIMIM (All India Majlis-e-Ittehadul Muslimeen) Chief Asaduddin Owaisi on Friday criticized the Central government and Delhi Police for their response to the alleged vandalism at his residence. On the alleged attack at his residence on Friday, Assaduddin Owaisi said, «It has not happened for the first time. Things like this are happening because the Narendra Modi government and the PM himself have radicalised such people. When the PM himself says that Muslims are infiltrators and identify them by their attires, it gives courage to such people». «They put the flag of Israel on my home which shows these people believe in zionist ideology, an ideology that killed 40,000 people and left 12 lakh people homeless in Gaza,» he added.

nuclear arsenal has emerged as a concern for many stakeholders and has threatened global peace. There is also an increasing cost associated with building, maintaining and expanding this weaponry. A report published by the International Campaign to Abolish Nuclear Weapons (ICAR) noted that countries spent £72.2 billion on their nuclear arsenal in 2023. This indicated a rise in spending to the tune of £18.1 billion or an increase of 34% as compared to 2022. This amount indicates that around £ 198 million was spent every day, £ 8.2 million a hour, £137,000 a minute and £2288 a second.

Families bid a tearful goodbye as 21 critically ill children are set to exit Gaza for treatment abroad

CHICAGO—Tech entrepreneur Rishi Shah was sentenced to seven-and-a-half years in prison Wednesday for his part in what prosecutors called a billion-dollar fraud scheme centered on video advertisements in doctors’ offices. Federal Judge Thomas Durkin said Shah, former chief executive and co-founder of startup Outcome Health, had undermined the integrity of the markets. “The only deterrence to white-collar crime or any kind of crime is jail," he said.