Lebanon Financial News

The World Bank says oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas widens

Melanie Joly warned Monday.And for Canada, the stakes are high.That warning comes from prepared remarks set to be delivered by Joly on Canada’s place in an uncertain world at the Economic Club of Canada. She is set to make the speech at 12:40 eastern, and Global News will livestream it at the top of this page.“Our world is marked by geopolitical turbulence, unpredictability and uncertainty.

Narendra Modi unveiled this ambitious project on 9 September during the G-20 summit in New Delhi. It has the potential to change face of Asia and Europe through the building of transport and communication links via rail, road, and the sea. Along with the US, Saudi Arabia, UAE, the EU, Italy, France, and Germany have signed a Memorandum of Understanding for this project.

The Wall Street Journal (WSJ) has partially corrected an article whic mischaracterized the extent to which Hamas and other militant groups have been funding its terrorism activities with cryptocurrencies.

Also Read: Israel releases 'never-before-seen' video of IDF soldiers killing Hamas militants and saving hostages | Watch 5. A rocket launched in the Israel-Hamas conflict struck an Egyptian town on the border with Israel on Thursday, resulting in five people sustaining injuries, as reported AFP citing local media. 6.

Economic crises are rippling through the countries bordering Israel

Investing.com — Crude prices rose for the first time in four days, with global benchmark Brent recapturing key $90 per barrel pricing, as traders braced for the possibility of contagion from the Israel-Hamas war that could disrupt oil traffic in the Middle East — despite little evidence of such impact.

The war between Israel and Hamas is adding more tension in a world already riled with unrest, according to the head of the International Monetary Fund.

Israel’s war with Hamas may become a wider Middle East conflagration are flashing ominously. America has sent a second carrier strike group led by the USS Eisenhower to the Persian Gulf. “There’s a likelihood of escalation," said Antony Blinken, the American secretary of state, on October 22nd.

By Yuka Obayashi

Indian insurance companies, including HDFC Ergo, have made a significant decision to cancel coverage for damage resulting from strikes, riots, civil commotions, lockouts, vandalism, and sabotage in the Israel/Gaza/Lebanon region due to the ongoing war. This move is aimed at mitigating potential risks associated with war-related activities. While this will have an impact for marine cargo insurance policies, which is important for businesses involved in shipping and transporting goods across the Israel/Gaza/Lebanon region, insurance companies generally take such steps to avoid increase in reinsurance rates. «Insurance companies have cited concerns about rising reinsurance costs as a driving force behind this directive,» said an executive at an insurance intermediary.

Track the latest updates on Israel-Hamas war Syria, under Bashar al-Assad's rule since 2000, has held differing views on Hezbollah. While the Syrian leadership adheres to the Alewite sect, Hezbollah adheres to hardline Shia school of thought, and envisages a theocratic state on the lines of post-1979 Iran. The Assad-Hezbollah relations, however, turned strong in the aftermath of the Syrian civil war in 2011, as the militant group sided with Iran and Russia to back the embattled Syrian president.

1 per cent week-on-week gains for the last two weeks, on the possibility of supply disruption in the Middle East — the world's biggest oil-supplying region — if the conflict were to spread. Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a November 17 expiry, were last trading 2.08 per cent lower at ₹7,213 per bbl, having swung between ₹7,213 and ₹7,343 per bbl during the session so far, against a previous close of ₹7,366 per barrel. Also Read: Domestic crude oil production at 2.4 MMT in September, imports rise 6.1% YoY: PPAC -The intensification of diplomatic efforts to prevent the Israel-Hamas conflict from further escalation could have calmed oil prices on Monday.

Gaza early Monday, including in areas where Palestinian civilians have been told to seek refuge, after another small aid shipment was allowed into the besieged Hamas-ruled territory. Israel is widely expected to launch a ground offensive in Gaza following Hamas' brutal October 7 rampage into southern Israeli communities. Tanks and troops have been massed at the Gaza border, and Israel says it has stepped up airstrikes in order to reduce the risk to troops in the next stages.

firepower. Israeli warplanes are striking targets across Gaza ahead of an expected ground offensive in the besieged Hamas-ruled territory. Fears of a widening war have grown as Israel struck targets in the occupied West Bank, Syria and Lebanon and traded fire with Lebanon's Hezbollah militant group.

China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others as global market jitters compounded lingering worries over domestic economic health. The CSI300 Index fell 1% to its lowest closing level since February 2019.

By Mohi Narayan

Gaza with air strikes early on Monday and its aircraft struck southern Lebanon overnight, as Israeli Prime Minister Benjamin Netanyahu convened a meeting of his top generals and his war cabinet to assess the escalating conflict. Israel's attacks concentrated on the Gaza Strip's centre and north, Palestinian media reported. A strike on a house near the Jabalia refugee camp, in northern Gaza, killed several Palestinians and wounded others, according to media reports.

By Wayne Cole

Antony Blinken and Defence Secretary Lloyd Austin said Sunday that the United States expects the Israel-Hamas war to escalate through involvement by proxies of Iran, and they asserted that the Biden administration is prepared to respond if American personnel or armed forces become the target of any such hostilities. «This is not what we want, not what we're looking for.

Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies. Washington warned over the weekend of a significant risk to U.S. interests in the region as ally Israel pounded Gaza and clashes on its border with Lebanon intensified. The European Central Bank and Bank of Canada also hold policy meetings and, while no hikes are expected, investors will be sensitive to guidance on futures moves. A recent surge in bond yields has tightened monetary conditions without the central banks having to do anything, allowing the Federal Reserve to signal it will likely stay on hold at its policy meeting next week.