Israel Financial News

₹6,743 per barrel on the multi commodity exchange (MCX).-A stronger US dollar helped keep crude oil prices in check. The US dollar rose to a seven-week high compared to the basket of other currencies, with Jerome Powell-led US Federal Reserve's patient approach to cutting interest rates contrasting with more dovish stances elsewhere.-The US Fed hiked interest rates aggressively in 2022 and 2023 to tame a surge in inflation.

Israeli military declared in Gaza to facilitate aid flows has had no impact on deliveries of badly needed aid, the UN's health agency said Friday. «So overall, we the UN can say that we did not see an impact on the humanitarian supplies coming in since that, I will say, unilateral announcement of this technical pause,» said Richard Peeperkorn, the World Health Organization (WHO) representative in the Palestinian territories.

PARIS—Serge Klarsfeld is a world-renowned Nazi hunter, a historian of the Holocaust and a moral authority in France who has pushed the country to reckon with its dark history of antisemitism. That is why many in France were shocked this week when Klarsfeld defended the far-right party of Marine Le Pen, which counts among its founders a former Nazi paramilitary soldier.

shipping sector, spelling trouble for businesses in the city-state. The bunching up of container vessels outside one of the world’s busiest maritime trade hubs — caused by ships avoiding the Red Sea due to Houthi rebels’ attacks — means there’s more cargoes trapped in shipyards for longer. That’s pushing freight rates ever higher, with no immediate end to the congestion in sight. For the manufacturers and exporters needing to get their finished products out of the city-state, that means there may be little choice other than to hold on to their inventories longer than they’d like to.

Also fuelling prices were worries of escalating conflict in the Middle East, with fears of supply disruption in the major oil-producing region.

rich plan to migrate to another country, most of them choose the United Arab Emirates and particularly Dubai, which is one of the Emirates. A report by Henley & Partners, an international investment migration advisory firm, says approximately 4,300 millionaires are projected to leave India this year. And most of them are headed to the UAE. However, it's not that India's rich are in a hurry to leave the country. It's only a small number of rich Indians. «India continues to lose large numbers of millionaires, especially to the UAE. However, in our view these outflows are not particularly concerning as India continues to produce far more new HNWIs than it loses to emigration. Furthermore, the bulk of the millionaires who leave India tend to retain business interests and second homes in the country, which is a positive sign,» says the report. Why the UAE has such a pull for rich Indians The UAE is a bigger attraction for India's rich than other popular destinations for migration, such as Australia, Singapore, Israel, Switzerland, the US, Canada, New Zealand and the UK.

Reserve Bank of India net sold $3.6 billion in the foreign exchange market in April — marking the first net dollar sale in four months — as escalating tensions in the Middle East likely prompted the central bank to intervene in the market to curb volatility in the rupee’s exchange rate. Latest RBI data showed that on a gross basis, the central bank sold $11.65 billion in the currency market in April while making purchases worth $8 billion.

demand optimism and concerns over escalating conflicts offset an industry report that said U.S. crude inventories unexpectedly rose. Brent crude futures for August, due to expire on Thursday, were up 20 cents to $85.53 a barrel by 1235 GMT, while the more active September contract gained 21 cents to $84.74.

A bulk carrier sank in the Red Sea days after an attack by Yemen’s Houthi rebels believed to have killed one mariner on board

The deadly stockpiles of nuclear weapons built by Cold War adversaries Russia and the US gave the ‘MAD’ doctrine of ‘Mutually Assured Destruction’ a literal ring. With thousands of nukes each, both had enough to destroy the planet many times over. Could today’s geopolitical divide between a China-led bloc and the US-led West imperil the world with another arms race being pushed beyond the limits of reason by its force of rivalry? According to the latest report by Stockholm International Peace Research Institute (SIPRI), a think-tank, all nine nuclear-armed countries—the US, Russia, UK, France, China, India, Pakistan, North Korea and Israel—modernized their arsenals in 2023, while some deployed new weapon systems.

The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February

Hezbollah movement, US envoy Amos Hochstein said on Tuesday, following an escalation in cross-border fire between the foes along Lebanon's southern frontier. Iran-backed Hezbollah has been trading fire with Israel for the last eight months in parallel with the Gaza war. Last week, the group fired the largest volleys of rockets and drones of the hostilities so far at Israeli military sites, after an Israeli strike killed the most senior commander yet. Hochstein, special envoy to US President Joe Biden, said he had been dispatched to Lebanon immediately following a brief trip to Israel because the situation was serious. «We have seen an escalation over the last few weeks. And what President Biden wants to do is avoid a further escalation to a greater war,» Hochstein said on Tuesday.

Two top Democratic leaders in Congress have unblocked the sale of 50 F-15 jet fighters to Israel, paving the way for a major weapons deal that had been held up over concerns about the killing of thousands of civilians in the war in Gaza. The $18 billion sale is one of the largest arms deals with Israel in recent years, and comes as President Biden is facing calls from leaders in his own party to withhold American weapons in order to pressure Israeli Prime Minister Benjamin Netanyahu to accept an end to the Gaza war.

nuclear-armed nations including the US, Russia, France, China, India and Pakistan, continued to modernise their nuclear arsenals and several of them deployed new nuclear-capable weapon systems in 2023, a Swedish think-tank said on Monday. In its analysis, the Stockholm International Peace Research Institute (SIPRI) said China's nuclear arsenal increased from 410 warheads in January 2023 to 500 in January 2024, and it is expected to keep growing. The report said some 2,100 of the deployed warheads were kept in a state of high operational alert on ballistic missiles, and nearly all of them belonged to Russia or the US. However, for the first time China is believed to have some warheads on high operational alert, it said.

defence firms. Some 36% of exports came from missile, rocket and air defence systems, followed by radar and electronic warfare, weapon stations and launchers at 11% each, with crewed aircraft and avionics at 9%, the Defence Ministry said.

The U.S. military has unleashed a wave of attacks targeting radar sites operated by Yemen’s Houthi rebels after one merchant sailor went missing and the vessel he was on caught fire in the latest Houthi strike in the Red Sea

Italian Premier Giorgia Meloni has dismissed a cease-fire offer for Ukraine by Russian President Vladimir Putin as “propaganda” as she wraps up a Group of Seven summit that saw a deal reached for a $50 billion loan to Ukraine

Russia must be held accountable for “an element of genocide” it’s perpetrating by taking thousands of Ukrainian children from their homes and trying to erase their Ukrainian identity, Prime Minister Justin Trudeau said Sunday at the end of a global summit focused on restoring peace between the two countries.

APSEZ) has received the key environmental and coastal regulation zone approval from the Centre to more than double the capacity of its flagship port located at Mundra to 514 million tonnes with an investment of ₹45,000 crore. This could strengthen APSEZ's case while seeking a rollover from the Gujarat government on the concession period for the port when it ends in 2031 after a 30-year run. The port, located in Gujarat's Kutch district, currently has a design capacity and environmental and coastal regulation zone approval for handling 225 mt of cargo a year, including 9.5 million twenty-foot equivalent units (TEUs), a standard measure used for containers.

UN on Sunday welcomed an Israeli decision to «pause» fighting around a south Gaza route daily for aid deliveries, but urged more «concrete measures» to unblock the humanitarian response. Israel's military announced Sunday a «local, tactical pause of military activity» during daylight hours in an area of Rafah to facilitate the delivery of humanitarian assistance in the war-torn Palestinian territory.

Paytm is currently in discussions with Zomato Ltd. to sell its movie and events ticketing division, as part of a strategic overhaul amid declining sales, according to sources familiar with the situation, as per Bloomberg report.Also Read | Elon Musk’s ’anything can be hacked’ VS ’Rajeev Chandrasekhar’s ’technically you are right’ on use of EVMsThe negotiations between One97 Communications Ltd., the parent company of Paytm, and the online food delivery giant Zomato are reportedly in advanced stages.