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BEIJING (Reuters) — The China-U.S. Economic Working Group held its first meeting via video link on Tuesday, the Chinese finance ministry said.

Israel's military said it was preparing for «unrelenting attacks» to dismantle Hamas while former U.S. President Barack Obama warned that «any Israeli military strategy that ignores the human costs could ultimately backfire.» The Palestinian health ministry said the Gaza death toll in two weeks of air strikes had topped 5,000. Israel pounded hundreds of targets in Gaza from the air on Monday as its soldiers fought Hamas militants during raids into the besieged Palestinian strip where civilians are trapped in harrowing conditions.

Hamas as a barbaric terrorist organisation, an Indian American Congressman has said there is a need to eliminate the terror outfit. The Palestinian militant group Hamas launched a barrage of rocket attacks in Southern Israel on October 7. The unprecedented assault triggered retaliatory strikes from the Israel Defense Forces.

Indian stocks plummeted Monday late afternoon after a circumspect start to the week, with yields on 10-year US treasuries breaching the 5% threshold for the first time since the Global Financial Crisis and stoking concerns that the persistent rise in global risk-free rates will further elevate the risk premium on emerging market assets. Mid- and small-cap shares, falling in the higher risk-reward matrix, were hammered with more than 80% of the BSE-listed universe ending deep in the red. «The markets were awaiting a correction and the US bond yields touching 5% brought about that trigger,» said Nischal Maheshwari, CEO-Institutional Equities, Centrum Broking. US risk-free rates were last at this level in July 2007, before Lehman Brothers had collapsed and the subprime sinkhole had swallowed a loan market anchored in complex derivatives to trigger a prolonged phase of quantitative easing by global central banks. BSE's Sensex fell 825.74 points, or 1.26%, to close at 64,571.88.

United States trade. Smaller rival ether also surged 6 percent, hitting a two-month high and breaking above its 200-day moving average. Anticipation of a bitcoin ETF has grown after reports this month, including from Reuters, that the US Securities and Exchange Commission (SEC) won't appeal a ruling it was wrong to reject an application from Grayscale Investments.

Also Read: US chip curbs give Huawei a chance to fill the Nvidia void in China Nvidia shares closed up 3.84%, and Intel shares ended down 3.06% after the Reuters report on Nvidia's plans. Arm's shares were up 4.89% at close. Nvidia spokesperson Ken Brown, AMD spokesperson Brandi Marina, Arm spokesperson Kristen Ray and Microsoft spokesperson Pete Wootton all declined to comment.

Here are the latest updates on the Israel-Hamas war:After releasing Yocheved Lifshitz and Nurit Cooper in the Gaza Strip on Monday night, the total number of hostages freed by Hamas has increased to four.Hamas released two other hostages — an American mother and daughter — on Friday.Hamas is believed to be holding over 200 people, including an unconfirmed number of foreigners and dual nationals.The International Committee of the Red Cross says Hamas militants have released two hostages who had been held captive in the Gaza Strip.The hostages were identified by Israeli media as Yocheved Lifshitz and Nurit Cooper of the Israeli kibbutz of Nir Oz.In a statement, Hamas said it had released them for humanitarian reasons.Israel has demanded the unconditional release of all hostages held by Hamas.

Vijayadashami or the 10th day marks the end of the nine-day Navratri festival. According to the Hindu calendar, Dussehra is observed as the victory of Lord Ram over the evil king Ravana. On October 23, the equity benchmark indices ended in deep red, extending losses for the fourth-straight session, in response to heightened geopolitical tensions, mixed quarterly earnings and spike in US treasury yields.

It’s been 17 days since Hamas launched its horrific attack against Israel, killing over 1,400 Israeli citizens, including defenseless women, children and the elderly. In the aftermath of such unspeakable brutality, the U.S. government and the American people have shared in the grief of families, prayed for the return of loved ones, and rightly declared solidarity with the Israeli people. As I stated in an earlier post, Israel has a right to defend its citizens against such wanton violence, and I fully support President Biden’s call for the United States to support our long-time ally in going after Hamas, dismantling its military capabilities, and facilitating the safe return of hundreds of hostages to their families. But even as we support Israel, we should also be clear that how Israel prosecutes this fight against Hamas matters. In particular, it matters — as President Biden has repeatedly emphasized — that Israel’s military strategy abides by international law, including those laws that seek to avoid, to every extent possible, the death or suffering of civilian populations. Upholding these values is important for its own sake — because it is morally just and reflects our belief in the inherent value of every human life. Upholding these values is also vital for building alliances and shaping international opinion — all of which are critical for Israel’s long-term security. This is an enormously difficult task. War is always tragic, and even the most carefully planned military operations often put civilians at risk. As President Biden noted during his recent visit to Israel, America itself has at times fallen short of our higher values when engaged in war, and in the aftermath of 9/11, the U.S. government wasn’t

post added. In replies to their post, Kobeissi Letter confirmed the California listing is real, adding that this “highlights how much markets have changed". “While this is comical, it highlights how much markets have changed.

Also Read: From high inflation to import bill - the domino effect of rising crude oil prices on Indian economy With major oil producers Saudi Arabia and Russia announcing oil supply cuts of a combined 1.3 million barrels per day (mbpd) till the end of the year, the global economy already faces an oil market deficit. Now, with oil prices hovering above the $90 per barrel-mark, the escalation of the conflict towards other Middle Eastern oil producers is concerning and requires careful monitoring, especially given the global economy's 'higher for longer' interest rate scenario. The oil supply is unlikely to be threatened unless the issue expands to other nations in the region and becomes a proxy conflict between the US and Iran.

Australian fuel giant Viva Energy’s operating and shipping costs will be higher thanks to challenges linked to prolonged maintenance at its troubled flagship Victorian refiner.

By Brigid Riley

Investing.com — US stock futures were trading higher during Monday's evening deals, with investors bracing for fresh earnings results from major tech companies.

Foreign control in the Canadian economy has been steadily declining over the last decade, government data shows.

Elizabeth Hoffman, famous for her role as Beatrice Reed Ventnor, the mother of the daughters in the NBC drama 'Sisters,' has died at the age of 97. She passed away on August 21 due to natural causes at her home in Malibu, as confirmed by her son, Chris. Hoffman's notable roles included portraying Eleanor Roosevelt in the miniseries 'The Winds of War' (1983) and 'War and Remembrance' (1988-89). She also played Meryl Streep's mother in 'The River Wild' (1994) and an elderly character named Ruth in 'Dante's Peak' (1997). In 'Sisters,' Hoffman's character, Bea, kickstarts the story as her four daughters reunite to care for her after she turns to alcohol to cope with her husband's passing and sells the family home. She appeared in 87 out of the show's 128 episodes during its six-season run from 1991 to 1996. Born on February 8, 1926, in Corvallis, Oregon, Hoffman began her acting career in theater before making her on screen debut in 1980 with a role on 'Little House on the Prairie.' She also appeared in 'Matlock' and 'Stargate SG-1' in the late 1980s and 1990s. Hoffman's film credits include 'Fear No Evil' (1981), 'Nuts' (1987), and 'Born on the Fourth of July' (1989). She also made appearances on various television shows such as 'The Greatest American Hero,' 'The A-Team,' 'Hunter,' 'L.A. Law,' 'Star Trek: The Next Generation,' and 'Thirtysomething.' Her theatrical work featured performances in Tennessee Williams plays and the role of a woman who takes in a young Jewish girl in Diane Samuels' 'Kindertransport.' She is survived by her sons Chris and Paul, as well as her grandchildren Erica, Alison, Lauren, and Lily.

By Jonathan Stempel

By David Morgan and Katharine Jackson

The surge in demand for Bitcoin among institutional investors is set to hit new heights, particularly if a spot Bitcoin exchange-traded fund (ETF) is approved in the coming months, according to an Ernst & Young executive.

A Georgia medical doctor admitted to using Bitcoin to pay someone $16,000 on the dark web in an attempt to kill his girlfriend, according to the US Attorney's Office, Northern District of Georgia.

Ares Management is beefing up its local credit business with a key hire.