Foreign NGOs say new Israeli rules keep them from delivering Gaza aid
According to the joint letter, whose signatories include Oxfam and Doctors Without Borders (MSF), at least 60 requests to bring...
Geostrategy
Israel military says approved plan for new Gaza offensive
The approval for the expanded offensive comes days after Israel's security cabinet called for the seizure of Gaza's largest city,...
Geostrategy
Geostrategy
In new mass rally Israelis protest against judicial reforms
Israeli media reported the crowds were again in the tens of thousands, after lawmakers this week took a step towards...
- Netanyahu has presented the judicial reforms as key to restoring balance between the branches of government, arguing judges currently have too much power over elected officials
- Another element of the reforms would give the 120-member parliament the power to overrule Supreme Court decisions with a simple majority of 61 votes
Geostrategy
Tunisians rally to denounce President Saied for ‘racists’ remarks
Accusing him of racist comments and hate speech against sub-Saharan migrants, hundreds of people protested in the Tunisian capital on...
- The protestors demanded that the president apologise to sub-Saharan migrants
- According to an advocacy group, more than 21,000 sub-Saharan Africans live in Tunisia, including those with student visas and other legal residency
Geostrategy
Jordan to host Palestine-Israel meeting as tension escalates
Jordan will host a "political-security" meeting between Israel and the Palestinians to try and restore calm to the occupied Palestinian...
- The talks will come after 11 Palestinians were killed and more than 80 wounded in a gun battle on Wednesday
- The talks aim to reach "security and economic measures to ease the hardships of the Palestinian people," the official added.
Business
BASF to cut thousands of jobs
It will also close down several units in Ludwigshafen.
- BASF, in 2022, confirmed a net loss of 627 million euros, less than the figure of 1.4 billion euros initially announced in January
- The company had warned that reduced gas flows from Russia and high prices would force it to idle parts of its production
Economy
Germany’s Scholz arrives in India to expand business ties
New Delhi, India--German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world's number four...
- Scholz would press for progress towards a trade deal between the European Union and India that has long been held up by disagreements on tariffs
- Scholz, 64, also said the Group of 20 should not ease up on pressuring Russia during India's current presidency and continue to send a "strong message"
Geostrategy
In West Bank nurse discovers own father among casualties from Israel raid
Nablus, Palestinian Territories--When Israel conducted its deadliest raid in the occupied West Bank in almost two decades this week, a young...
- Ashqar said his father Abdel Aziz, 65, had been returning from prayers in the Old City when he was caught up in the Israeli incursion
- Israel said Wednesday's raid targeted two Lions' Den members, as well as a member of the Islamic Jihad militant group
Economy
History says Fed can’t tame inflation without recession: report
Citing historical "disinflation" cases dating back to 1950 in major economies, the report concluded that central banks "are likely to...
- The report came after fresh US pricing data suggested the Fed's aggressive moves thus far have been only partially successful
- The Booth analysis suggested a potentially rocky future for the US economy, which has thus far shown resilience despite aggressive Fed actions to counter inflation
Business
UAE mulls ‘options’ on Russian bank hit by new US sanctions
MTS Bank, approved for its licence last year, was one of more than 200 entities and individuals targeted by the...
- The UAE, particularly its financial hub Dubai, has attracted large numbers of Russian professionals and businesspeople fleeing the impact of Western sanctions.
- Russian air passenger traffic to Dubai more than doubled last year to 1.9 million, Dubai Airports CEO Paul Griffiths told AFP this week.
Geostrategy
Israeli government approves 2023-2024 budget
Israel's government approved the 2023-2024 budget against the backdrop of economic uncertainty linked to controversial judicial reforms advanced by the...
- Netanyahu's coalition government pushed on in parliament this week with its judicial reforms, which it says are designed to limit overreach.
- Parliament must still vote to adopt the fiscal measures.
Business
Ericsson to cut 8,500 jobs
Most of the layoffs would be implemented in H1 2023.
- Ericsson, which had a total of 105,000 employees at the end of 2022, last month posted disappointing full-year 2022 earnings.
- Ericsson said 1,400 of the job cuts were in Sweden, which had already been announced earlier this week.
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Foreign NGOs say new Israeli rules keep them from delivering Gaza aid
According to the joint letter, whose signatories include Oxfam and Doctors Without Borders (MSF), at least 60 requests to bring...
Geostrategy
Company News
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ExxonMobil expects global oil demand near current levels in 2050
New York, United States - Global oil demand is unlikely to fall by 2050 despite progress on renewable energy, the US...
Business
Egypt says will not accept Israeli force on its Gaza border
Cairo, a key mediator in efforts to secure a ceasefire between Israel and Hamas in Gaza, "reiterated to all parties...
Geostrategy
Israel strikes Lebanon, says thwarted large-scale Hizbollah attack
The result was perhaps the biggest exchange of fire in 10 months of a war which began with a Hamas...
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Business
Telegram chief Pavel Durov arrested at French airport: officials
Paris, France - French police arrested Telegram chief executive Pavel Durov on Saturday at an airport near Paris for alleged offences...
- The Franco-Russian billionaire, 39, was detained at Le Bourget airport north of the French capital on Saturday evening, one of the officials told AFP
- "Enough of Telegram's impunity," said one of the investigators, adding they were surprised Durov came to Paris knowing he was a wanted man
Israeli defence minister declares 48-hour state of emergency
"The declaration on the state of emergency enables the IDF (Israeli military) to issue instructions to the citizens of Israel,...
- "I hereby declare a special situation on the home front in other areas of the country. The situation is valid for 48 hours starting at 6:00 am," Gallant said
- In a separate statement, the defence ministry said Gallant briefed US Secretary of Defence Lloyd Austin on the overall situation
Harris bats for nuance on Gaza, Palestinians’ right to ‘freedom, self-determination’
Harris also pledged to "always stand up for Israel's right to defend itself." Some pro-Palestinian activists, who rallied on the...
- The US Democratic candidate vowed to "not cozy up to tyrants and dictators" who can flatter Trump as he "wants to be an autocrat himself."
- Harris won the biggest applause lines in her foreign policy section when she spoke of the suffering of Palestinians