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☆ Israel's military intel chief resigns, citing failures over Oct. 7 attack
▼ + stars: | 2024-04-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

The intelligence chief of Israel's Defense Forces has resigned citing failures linked to the Hamas terror attack carried out on Oct. 7, during which 1,200 people died in Israel and more than 200 were taken hostage. "On Saturday, October 7, 2023, Hamas carried out a murderous surprise attack against the State of Israel, whose consequences are severe and painful. Haliva had previously assumed responsibility for failure to prevent the devastating attack, amid mounting domestic criticism and demands for accountability from Israel's highest echelons. "The reports regarding sanctions against the Netzah Yehuda Battalion are not currently known to the IDF. Should such a decision be made on the matter, its consequences will be reviewed," the Israeli military added.

Persons: Aharon Haliva, Haliva, Benjamin Netanyahu, Haliva's, Netanyahu, Axios, Netzah Yehuda, Yehuda, Yoav Gallant, Antony Blinken Organizations: Israel's Defense Forces, State, IDF, Israeli, Reuters, Times, Hamas, West Bank, CNBC, Netzah, Israel Defense Forces, U.S Locations: Israel, Times of Israel, Gaza, U.S, Iran

☆ World leaders call for restraint in the aftermath of Iran’s unprecedented air attack against Israel
▼ + stars: | 2024-04-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Anadolu | Anadolu | Getty ImagesWorld leaders have called for calm in the aftermath of Iran's large-scale air attacks on Israel on Saturday, with many expressing deep concern over the prospect of a broader regional conflict. Ahead of a war cabinet meeting on Monday, Israel has pledged to "exact a price" from Iran in response to the Saturday attack. watch nowU.S. President Joe Biden on Saturday said that he condemned "in the strongest possible terms" Iran's unprecedented air attack against military facilities in Israel. 'No one wants to see more bloodshed'European leaders castigated Iran's attack against Israel and vowed to work to de-escalate the situation. France and the U.K. intercepted some of Iran's strikes on Israel on Saturday.

Persons: Israel, Joe Biden, Biden, Benjamin Netanyahu, Iran's, Emmanuel Macron, Rishi Sunak, Annalena Baerbock, Baerbock, Sunak, Yoko Kamikawa, Kamikawa, Gustavo Petro, Petro, Nicolas Maduro Organizations: Anadolu, Getty, CNBC, NBC News, Downing, German, NBC, Israel, Saudi Arabia's Foreign, United Nations Security Council, Sunday, UN, UNRWA, Kyodo, Japan's, United Nations, Colombia's, Bloomberg Locations: Israel, Tehran, Iran, Syria, Gaza, Syrian, Damascus, France, London, England, Germany, East, North Africa, Saudi, Egypt, Asia, China, Beijing, Palestine, Tokyo, Japan, South America, U.S, Miraflores, Caracas, Venezuela

☆ Israeli defense minister says people in Gaza can end the war faster by killing Hamas leader themselves
▼ + stars: | 2023-11-05 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Israel's Defense Minister Yoav Gallant called on people in Gaza to kill the Hamas leader themselves. AdvertisementAdvertisementIsrael's Defense Minister Yoav Gallant said that people in Gaza could end Israel's invasion sooner by killing Hamas leader Yahya Sinwar themselves. Sinwar, who helped found Hamas' security apparatus, was elected to be the group's leader in the Gaza Strip in 2017. AdvertisementAdvertisementBefore taking on his role as Hamas leader, Sinwar spent over two decades in an Israeli prison for the murder of two Israeli soldiers and Palestinians he viewed as collaborators. He pledged that at the end of the war "there will be no more Hamas in Gaza.

Persons: Yoav Gallant, Yahya Sinwar, Israel, Gallant, —, Gallat, Sinwar, Mustafa Dalul, Sabra Tel Organizations: Israel's, Service, Hawa Battalion, Israel's Defense Forces Locations: Gaza, Israel

☆ Hamas says it clashed with Israeli forces in northwest Gaza; Netanyahu rules out cease-fire: Live updates
▼ + stars: | 2023-10-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Clashes between Israeli forces and Hamas escalated in the northwest of the Gaza Strip on Tuesday, according to an outlet affiliated with the Palestinian militant group. Al-Qassam Brigades, the armed wing of Hamas, fired anti-tank missiles on Israel's forces early morning, Gaza Now said on social media, with two tanks and bulldozers targeted. Separately, Israel's Defense Forces said it had struck 300 Hamas targets in ground operations over the past day. Anti-tank missiles posts, rocket launch posts and underground compounds were hit, the IDF said. He also said Hamas was responsible for the high death toll in Gaza, accusing it of using civilians as human shields.

Persons: Jonathan Conricus, Benjamin Netanyahu Organizations: Palestinian, Brigades, Israel's Defense Forces, Israel Defense Forces, MSNBC, CNBC Locations: Gaza

☆ From a likely recession to a weakening shekel, here's how the conflict with Hamas is impacting Israel's economy and markets
▼ + stars: | 2023-10-19 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

The conflict with Hamas that began October 7 will have widespread financial implications for Israel. A top Israeli economist said a recession in Israel is likely, and Fitch put the country's credit rating on watch for downgrade. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Yet in less than two weeks, Israel's shekel has weakened about 4.8% to hit multi-year lows against the dollar. The Financial Times reported Tuesday that Bank of Israel deputy governor Andrew Abir said policymakers would prioritize stabilizing the currency over growth.

Persons: Fitch, —, Joe Biden, Benjamin Netanyahu, Joseph Zeira, Zeira, Israel's shekel, Andrew Abir, Lee Hardman Organizations: Hamas, Service, Tel, Israel's Defense Forces, Hebrew University, CNBC, Bank of Israel, Traders, Deutsche Bank, Financial Times, MUFG Bank Locations: Israel, Palestinian, Tel Aviv, Gaza, Israeli, Iran

☆ A top Israeli economist says a recession is almost certain as leaders warn of a long war
▼ + stars: | 2023-10-19 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +4 min

The war has also left much of Israel's economy in limbo. More than 360,000 reservists, the backbone of Israel's Defense Forces, are now in uniform and away from their jobs. A recession is almost guaranteed, Zeira predicts, as many parts of Israel are facing a drop in productivity. Donated clothing at Varonis' Israel headquarters Photo: Guy MelamedThe war is having a particularly big impact on Israel's dynamic tech sector. When Israel went to war with Hamas earlier this month, Varonis told its 750 Israel-based employees to work from home.

Persons: Turgut Alp Boyraz, hasn't, Joseph Zeira, Zeira, Israel aren't, Fitch, Benjamin Netanyahu, Guy Melamed, Israel that's, Israel, Varonis, Read, Melamed Organizations: Getty Images, Anadolu Agency, Getty, Israel's Defense Forces, Hebrew University, Israel's Ministry of, CNBC Locations: SDEROT, ISRAEL, Gaza, Sderot, Israel, Anadolu, Israeli, Tourism, Iran, Lebanon, Zeira, Herzliyah, Tel Aviv

☆ Biden lands in Tel Aviv; Hamas and Israel trade blame over hospital blast: Live updates
▼ + stars: | 2023-10-18 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden is in Israel where he plans to show "solidarity" with the country after its Oct. 7 terrorist attack. Palestinian militant group Hamas, which governs the Gaza Strip, as well as Arab leaders blame the attack on Israel's Defense Forces which have been relentlessly bombing Gaza daily since the Hamas terror attack on Israel that killed some 1,300 people. Israel blames Hamas and its affiliate group Palestinian Islamic Jihad, saying the hospital blast was caused by a failed rocket launch. Israel's bombings of Gaza and total siege over the small enclave have killed more than 3,000 Palestinians so far, the territory's health ministry says. Horrific scenes of the wounded ignited street protests in capitals across the region.

Persons: Joe Biden Organizations: Hamas, Israel's Defense Forces, Palestinian Locations: Israel, Jordan, Gaza

☆ What is Israel's Iron Dome? Here’s what you need to know about the missile defense system
▼ + stars: | 2023-10-12 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from the city of Ashkelon, Israel October 9, 2023. What is Israel's Iron Dome? The Iron Dome, or "Kippat Barzel" in Hebrew, is widely regarded as one of the most important tools in Israel's arsenal. An Iron Dome launcher fires an interceptor missile as rockets are fired from Gaza, in Ashkelon, Israel May 10, 2023. The Center for Strategic International Studies, a U.S. think tank, has previously estimated that a complete Iron Dome battery costs roughly $100 million to produce.

Persons: Amir Cohen, Israel, Rafael, —, Tamir Organizations: Reuters, Palestinian Ministry of Health, Israel's Defense Ministry, Iron Dome, European Union, Rafael Advanced Defense Systems, Reuters Israel's Defense Forces, Dome, Congressional Research Service, Strategic International Studies Locations: Gaza, Ashkelon, Israel, Reuters Israel, Jihad, U.S, Washington

☆ Already a humanitarian crisis, war with Hamas could have major impact on Israel's economy
▼ + stars: | 2023-10-11 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +1 min

Israeli armuy soldiers deploy at a position near the border with Gaza in southern Israel on October 11, 2023. As Israel prepares for what could be a long war with massive humanitarian implications, there are also concerns about how a protracted fight could weigh on the country's dynamic economy. Israel's standing army, air force and navy is is comprised of 150,000 members. "The impact is substantial," said Eyal Winter, a professor of economics at Hebrew University in Jerusalem who has studied the economic impact of Israel's wars. But, he added, "there's also a major increase in tourism when the fighting ends due to pent up demand."

Persons: Israel, Eyal Winter, there's Organizations: Hebrew University Locations: Gaza, Israel, Jerusalem

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