Israel Financial News

Israeli assault on the southern Gaza city of Rafah «cannot take place», the UN human rights chief insisted Sunday, saying it could not be reconciled with international law. All eyes have been on Rafah in recent weeks, where the population had swelled to around 1.5 million after hundreds of thousands of Palestinians fled fighting in other areas of the Gaza Strip.

As Israeli military fliers rained down on eastern Rafah warning residents to evacuate ahead of a military operation early this week, Kareem Jouda and his family resolved to stay put even as their neighbors fled. They felt they had nowhere to go. The bombing changed their minds.

When Iran shot off rockets at Israel, analysts across the world waited with bated breath in anticipation of an oil-price spike. Some expected crude oil to cross $100 per barrel within days and hurt a global economy already reeling from supply chain bottlenecks. The ‘First Oil Shock’ of 1973 was recalled, when an Arab oil embargo disrupted Western economies.

Akshaya Tritiya is considered as an auspicious day symbolizing prosperity and good luck. It is said that an investment made on this day gives favorable returns, thus making it popular for buying gold and other precious assets.

Also Read: Google layoffs: It is about taking the time to do it correctly and well, says CEO Sundar Pichai On the other hand, Google Nest easily answered questions related to Nakba. The AI described Nakba as an “ethnic cleansing of Palestinians." "Google Nest can't answer questions about the Holocaust and Jews. "Coincidental error" or deliberate on the part of their software engineers," wrote a social media user on X while sharing the viral video.

Iran-based Houthi rebels launch drone attack on 4 ships in Indian Ocean, Red Sea He reiterated that in 2019, saying that building and stockpiling nuclear bombs was "wrong and using it is haram", or religiously forbidden. But Iran's then-intelligence minister said in 2021 that Western pressure could push Tehran towards nuclear weapons.

AFP, Swiss rapper and singer Nemo, aged 24, clinched victory in the contest with their song “The Code," blending elements of drum-and-bass, opera, rap, and rock. The song explores Nemo's personal journey of self-discovery as a non-binary individual. “‘The Code’is about the journey I started with the realization that I am neither a man nor a woman," Nemo said.

Joe Biden said that a ceasefire in the war in Gaza is possible «tomorrow» if Hamas released the hostages in its captivity. He was speaking at a fundraiser event in Seattle on Saturday (local time). «Before I begin, let me answer a question related to the hostages...You know, there would be a ceasefire tomorrow if...Hamas released the hostages, women, the elderly, and the wounded,» Biden said.

Joe Biden threatened to pause some weapons shipments to Israel if it invaded the southern Gaza Strip city of Rafah, the devastating effects of one weapon were of particular concern to him. «Civilians have been killed in Gaza as a consequence of those bombs,» Biden said in remarks to CNN this past week. He was referring to U.S.-made 2,000-pound aerial weapons, the largest in the Pentagon's Mark 80 series of bombs.

Also Read: Eurovision 2024 final mired in controversy over Israeli participation, expulsion of Dutch contestant | 5 points The voice of thousands of pro-Palestine protesters demonstrating in Malmo reverberated on social media as several users criticised Israel's participation and its performance. Swiss singer Nemo won the contest and became the first non-binary artist to lift the trophy. However, what drew social media's attention was the significant amount of scores awarded to the Israeli contestant.

Trump pledges ‘upper class’ tax cut if he returns to White House The president raised the issue after warning Israel on Wednesday that he would stop supplying artillery shells and other weapons if its forces attacked the city of Rafah, Gaza, as he deplored the fact that civilians had been killed by the dropping of US bombs. Hamas, the Palestinian militant group on Friday said efforts to find a Gaza Strip truce deal were back at square one after Israel effectively spurned a plan from international mediators.

The Netherlands’ contestant in the Eurovision Song Contest was expelled from competition hours before Saturday’s final of the pan-continental pop competition, which has been rattled by protests over the participation of Israel.

Swedish police and other legal formalities are underway. 1. Joost Klein was among the eight finalists of the Eurovision Song Contest 2024 final and was popular among bookmakers and fans with his song "Europapa." 2.

ALSO READ: ‘Fight tooth and nail’: Israel vows to fight alone after US warns to curb arms Bodies covered in white lay on the ground in a courtyard of the facility. A man in a baseball cap leaned over one body bag, clasping a dust-covered hand that protruded. The feet of another corpse poked from under a blanket bearing the picture of a large teddy bear.

Read more Tata Motors announced its January-March quarter results for fiscal 2023-24 (Q4FY24), reporting a surge of 222 per cent to ₹17,407.2 crore, compared to ₹5,400 crore in the corresponding period last year. India's most valuable carmaker beat D-Street estimates as it reported a more than three-fold increase in net profit driven by a tax credit surge and strong performance across all its auto businesses. Read more Air India Express has sacked around 25 employees after they did not report to work on Wednesday, May 8.

University of Pennsylvania and the Massachusetts Institute of Technology, hours after police tear-gassed demonstrators and took down a similar camp at the University of Arizona. Philadelphia and campus police at Penn took action around daybreak to remove protesters from an encampment in place for more than two weeks. School officials said protesters were given warnings and the chance to leave without being detained.

Mirwaiz Umar Farooq from addressing Friday congregation in historic Jama Masjid in downtown Srinagar. The Anjuman Auqaf, which runs affairs of Jama Masjid, informed that Mirwaiz was not allowed to offer Friday prayers for the second consecutive week. Anjuman hoped that the hearing of the Mirwaiz’s case for “complete release” from house arrest in the J&K High Court, slated for May 25, will provide the relief that people are eagerly awaiting. “Infact Mirwaiz’s movement has been completely curbed since last Friday while journalists or media persons are barred from meeting him,” Anjuman informed. The Anjuman further stated that this repeated detention of the religious head, especially keeping him away from Jama Masjid on Fridays is «very disturbing and upsets the people deeply.» “But in the present times it has to be borne with patience,” read the Anjuman statement.

Biden administration on Friday said Israel's use of U.S.-supplied weapons may have violated international humanitarian law during its military operation in Gaza, in its strongest criticism to date of Israel. But the administration stopped short of a definitive assessment, saying that due to the chaos of the war in Gaza it could not verify specific instances where use of those weapons might have been involved in alleged breaches. The assessment came in a 46-page unclassified State Department report to Congress required under a new National Security Memorandum (NSM) that President Joe Biden issued in early February.

United Nations General Assembly just before it passed a resolution for supporting full membership of Palestine. The UNGA on Friday voted overwhelmingly for a resolution asking the Security Council to make Palestine, which has UN observer status, a full member. The resolution was passed by a resounding majority of 143 votes in favour including by India while 25 countries abstained, and nine nations, including the United States and Israel, voted against it.

Some universities are vowing to provide information about how much university endowment money is invested in companies profiting from the Israel-Hamas war amid calls from pro-Palestinian protesters

Akshaya Tritiya 2024: Gold price rises ₹41,000 in five years. Experts see up to ₹85K peak next year “Gold is driven higher by rise in festive demand in India with additional support from a weaker U.S. dollar, which is down on rising bets for an early rate cut by the U.S.