Israel Financial News

University of Mississippi students Spencer Maxwell and Connor Moore discuss promoting patriotism on campus on 'The Bottom Line.'

Benjamin Netanyahu on Sunday denounced international criticism of the country's war in Gaza. He was speaking at a Holocaust Remembrance Day ceremony at the Yad Vashem memorial in Jerusalem. The Israeli PM recalled the time when Nazis killed six million Jews during World War II, saying “no nation came to our aid" and “people were completely defenseless against those who sought destruction".

Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region. Brent crude futures climbed 28 cents, or 0.3%, to $83.24 a barrel at 0119 GMT, while U.S. West Texas Intermediate crude futures were at $78.40 a barrel, up 29 cents, or 0.4%.

Israeli soldiers were killed in a rocket attack claimed by Hamas armed wing, near the southern Gaza Strip city of Rafah, where Palestinian health officials said at least 19 people were killed by Israeli fire on Sunday. Hamas's armed wing claimed responsibility on Sunday for an attack on the Kerem Shalom crossing into Gaza that Israel said killed three of its soldiers. Israel's military said 10 projectiles were launched from Rafah in southern Gaza towards the area of the crossing, which it said was now closed to aid trucks going into the coastal enclave. Other crossings remained open.

By many measures, the new Palestinian Authority in the West Bank is just what the US and others want for a future Palestinian state that could extend its rule to a post-war Gaza: a modern, technocratic group focused on solving problems.

Top college campuses in the West have been in ferment over the past month as students agitate over Israel’s war in Palestine; however, far from these portals of protests, recruiters are taking note, and students should be worried. Simply put, global companies may think twice before recruiting students who join the ongoing unrest. Employers are concerned that such students may find it difficult to settle down or align with the broader company culture where individual viewpoints are often superseded by that of the group, and one must learn to keep opinions in check.

Al Jazeera on Sunday condemned as «criminal» a move by the Israeli government to ban the broadcaster from operating over its coverage of the Gaza war. «We condemn and denounce this criminal act by Israel that violates the human right to access information,» Al Jazeera said in a statement on X, formerly Twitter, in Arabic.

Israeli Prime Minister Benjamin Netanyahu says his government has voted unanimously to shutter the offices of the Qatar-owned broadcaster Al Jazeera in Israel

Colombia has become the latest Latin American country to announce it will break diplomatic relations with Israel over its military campaign in Gaza

Benjamin Netanyahu said on Sunday that his government has voted unanimously to shut down the local offices of Qatar-owned broadcaster Al Jazeera. Netanyahu announced the decision on X, formerly Twitter, but details on the implications of the step on the channel, when it would go into effect or whether it was permanent or temporary shuttered were not immediately clear.

truce were expected to resume Sunday after Hamas rejected any deal that failed to end the war in the Palestinian territory and accused Israeli leader Benjamin Netanyahu of «personally hindering» an agreement. Negotiators seeking to halt the devastating seven-month war have proposed a 40-day pause in the fighting and an exchange of hostages for Palestinian prisoners, according to details released by Britain.

Biden and Donald Trump are two presidents with unfinished business and an itch to get it done. Their track records and plans on abortion, immigration, taxes, wars abroad — you name it — leave no doubt that the man voters choose in November will seek to shape the landscape of American life in ways wholly distinct from the other.

protesters who refused to remove tents from campus, and demonstrators at the University of Michigan chanted anti-war messages and waved flags during commencement ceremonies. In Virginia, student demonstrators began their protest on a lawn outside the school chapel Tuesday. On Saturday, video from WVAW-TV showed police wearing heavy gear and holding shields lined up on the campus in Charlottesville. Protesters chanted «Free Palestine,» and university police said on the social platform X that an «unlawful assembly» had been declared in the area. As police moved in, students were pushed to the ground, pulled by their arms and sprayed with a chemical irritant, Laura Goldblatt, an assistant professor of English and global studies who has been helping student demonstrators, told The Washington Post.

Hamas has officially announced its intention to dispatch a delegation to Cairo in a bid to advance mediated negotiations. Leading the delegation will be Khalil al-Hayya, a prominent figure within the group, Al Jazeera reported. The statement released by Hamas reiterated the organisation's positive stance towards the proposed negotiations.

protesters, fending off possible disruptions of final exams and graduation ceremonies. The agreements at schools including Brown, Northwestern and Rutgers stand out amid the chaotic scenes and 2,400-plus arrests on 46 campuses nationwide since April 17. Tent encampments and building takeovers have disrupted classes at some schools, including Columbia and UCLA.

Gold rate today: Following the ease in the Iran-Israel conflict and a dent to the US Fed rate cut buzz in the near term, gold price declined for the second straight week. Gold future contract for June 2024 expiry on the MCX finished at ₹70,677 per 10 gm, logging a weekly loss of ₹809 per 10 gm against the previous Friday's close of ₹71,486 per 10 gm. However, if we compare MCX's gold rate today with its record high of ₹73,958, which climbed on 12th April 2024, the gold price today is around ₹3300 per 10 gm lower than its record high.

A study by the nonprofit Brookings Institution says Russian state-affiliated accounts have boosted their use of TikTok and are getting more engagement on the short-form video platform ahead of the U.S. presidential election

The CEO of CF Benchmarks, a subsidiary of cryptocurrency exchange Kraken, predicts that crypto exchange-traded funds (ETFs) in Hong Kong will overcome their lackluster start and accumulate over $1  billion in assets under management (AUM) by the end of 2024.

Air India announced on Friday that it will restart flight operations between Delhi and Tel Aviv on May 16. Due to tensions in the Middle East, the airline temporarily halted flights to and from Tel Aviv. In a post on X, Air India said it will resume «services between Delhi and Tel Aviv with five weekly flights from 16 May, 2024'.

₹6,551 per barrel on the multi commodity exchange (MCX). -US job growth slowed more than expected in April and the annual wage gain cooled, data showed on Friday, prompting traders to raise bets that the US central bank will deliver its first interest rate cut this year in September. -Analysts said that the economy is slowing a little bit.

ballistic missile defences facing their first complex, high-stakes combat scenarios in Israel, the Red Sea and Ukraine will encourage militaries globally to invest in the pricey systems, experts say — and intensify missile arms races. Iran launched as many as 120 intermediate-range ballistic missiles at Israel on April 13, U.S. and Israeli officials say. U.S. SM-3 and Israeli Arrow interceptors destroyed nearly all of them, leaving drones and smaller threats to the Iron Dome system. In previous months, interceptors fired from U.S. Navy destroyers stopped Houthi anti-ship ballistic missiles, while in Ukraine, U.S.-made MIM-104 Patriot batteries have shot down advanced Russian Iskander and Khinzal missiles.