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☆ U.S., U.K. strike Houthi targets in Yemen in response to Red Sea attacks
▼ + stars: | 2024-01-12 | by ( Joanna Tan | ) www.cnbc.com time to read: +2 min

The United States and the United Kingdom have "successfully conducted strikes" against Houthi targets in Yemen, President Joe Biden said late Thursday. The Iran-backed Houthi militia group began their drone and missile attacks on shipping vessels and cargo ships traversing the Red Sea late last year, drawing global condemnation. The militants claim their attacks in the Red Sea are in response to the ongoing war in the Gaza Strip. According to the U.S. Central Command, the U.S. Air Force struck more than 60 targets across 16 Houthi militant locations in those strikes, launching more than 100 precision-guided munitions. Together with Greece, Singapore and Sri Lanka, the nations make up the Operation Prosperity Guardian, a coalition that was launched in December to combat Houthi attacks.

Persons: Rishi Sunak, Joe Biden, —, Netherlands —, Biden Organizations: Britain's, North Atlantic Council, NATO, U.S . Central Command, U.S . Air Force, Operation Prosperity Locations: Vilnius, Lithuania, United States, United Kingdom, Yemen, Australia, Bahrain, Canada, Netherlands, Iran, Gaza, Sanaa, Denmark, Germany, New Zealand, Republic of Korea, Greece, Singapore, Sri Lanka, Great Britain

☆ Israel and Hamas reach deal to release 50 civilian women and children held in Gaza
▼ + stars: | 2023-11-22 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Israel and Hamas have agreed to a humanitarian pause, allowing 50 civilian hostages in the Gaza Strip to be released in exchange for Palestinian prisoners, according to the government of Qatar. "The agreement includes the release of 50 civilian women and children hostages currently held in the Gaza Strip in exchange for the release of a number of Palestinian women and children detained in Israeli prisons," the ministry said. The major diplomatic breakthrough comes after weeks of conversations between the U.S., Qatar, Israel, Egypt and Palestinian militant group Hamas. Hamas infiltrated southern Israel on Oct. 7, killing about 1,200 people, including foreigners, and taking about 240 hostages into Gaza. Separately, Hamas said in a statement that Israel had agreed to release 150 Palestinian women and child prisoners.

Persons: Israel, Joe Biden, Antony Blinken, Benjamin Netanyahu, —, Joanna Tan Organizations: Hamas, U.S Locations: Tel Aviv, Gaza, Israel, Palestinian, Qatar, U.S, Egypt, Jerusalem

☆ Charts show a stark difference in the human cost of Israeli-Palestinian conflicts over the years
▼ + stars: | 2023-11-12 | by ( Joanna Tan | ) www.cnbc.com time to read: +6 min

An aerial view of buildings destroyed by Israeli airstrikes in the Jabalia camp for Palestinian refugees in Gaza City on Oct. 11, 2023. Israel also suffered tremendous losses, with Oct. 7 described as "the deadliest day for Jews since the holocaust." There have been five major military conflicts between Israel and Hamas since the Jewish state unilaterally withdrew from the Gaza Strip in 2005. "Typically speaking, year on and year on, the number of Palestinian civilians killed by Israeli forces exceeds Israeli civilians killed by Palestinians, several times over," H.A. The data collated by CNBC shows that more than 18,600 Palestinians in Gaza and the occupied West Bank have been killed in conflicts with Israel since 2008.

Persons: Yahya Hassouna, that's, Hellyer, Paul Scham, CNBC it's, Daniel Byman, Scham, Israel doesn't Organizations: AFP, Getty, Hamas, United Nations Office, Humanitarian Affairs, West Bank, UN, Carnegie Endowment, International Peace, CNBC, United Nations, Israel Defense Forces, Palestinian Health Ministry, Royal United Services Institute for Defence, Security, University of Maryland, Middle East Institute, Washington , D.C, IDF, Center for Strategic, International Studies, Hellyer Carnegie Endowment Locations: Gaza City, Gaza, Israel, OCHA, Palestinian, Jihad, Hamas, Washington ,, Egypt

Israeli Defense Minister Yoav Gallant and Minister Benny Gantz also spoke at the briefing, reiterating that the war against Hamas is likely not near its end. Netanyahu doubled down on Israel's two goals in the war: to eradicate the military and governing powers of Hamas and to rescue all of the group's hostages. The prime minister warned civilians in Gaza to find safe areas as Israel intensifies its presence in the region. Gallant spoke on the complications of returning the hostages under Hamas. He said there might be a higher probability of rescuing the abductees as Israel's military pressure escalates, which Gantz emphasized in his own remarks.

Persons: Benjamin Netanyahu, Yoav Gallant, Benny Gantz, Netanyahu, Gallant, Gantz, — Rebecca Picciotto Organizations: Israeli, Hamas Locations: Israel, Gaza

☆ Israel-Hamas war live updates: Israel pounds Gaza in 'heaviest' bombardments to date; rejects UN's 'despicable' call for truce
▼ + stars: | 2023-10-28 | by ( Joanna Tan | ) www.cnbc.com time to read: 1 min

Israel stepped up its ground and air offensive in the Gaza Strip overnight, rejecting the United Nations' demand for a humanitarian truce. "We reject outright the UN General Assembly despicable call for a ceasefire," Foreign Minister Eli Cohen said in a social media post on X, vowing to "eliminate Hamas." Overnight, Gaza saw "the heaviest and most sustained bombardment" to date, according to NBC News. Inside the besieged territory, one NBC crew member said it was "very dangerous everywhere," amid extensive shelling and bombings from above and on the ground. Communications with those inside Gaza have been cut off with a near-total blackout of internet and mobile phone services.

Persons: Israel, Eli Cohen Organizations: United Nations, UN, Assembly, NBC, Communications Locations: Gaza

☆ Israel-Hamas war live updates: UN agencies say first aid convoy ‘far from enough’; Israel vows to step up Gaza bombardment
▼ + stars: | 2023-10-22 | by ( Joanna Tan | ) www.cnbc.com time to read: +1 min

The comments by Hezbollah's deputy leader, Sheikh Naim Kassem, came as Israel shelled and made drone strikes in southern Lebanon and Hezbollah fired rockets and missiles toward Israel. For Hezbollah, heating up the Lebanon-Israel border has a clear purpose, Kassem said: "We are trying to weaken the Israeli enemy and let them know that we are ready." Hamas officials have said that if Israel starts a ground offensive in Gaza, Hezbollah will join the fighting. "Do you believe that if you try to crush the Palestinian resistance, other resistance fighters in the region will not act?" Kassem said in a speech Saturday during the funeral of a Hezbollah fighter.

Persons: Hezbollah's, Sheikh Naim Kassem, Kassem, Israel Organizations: Hamas Locations: Israel, Gaza, Lebanon, Iran

☆ Israel-Hamas war live updates: First aid trucks begin entering Gaza from Egypt; two U.S. hostages released by Hamas
▼ + stars: | 2023-10-21 | by ( Joanna Tan | ) www.cnbc.com time to read: 1 min

A convoy of trucks loaded with food, water and medicines began entering Gaza from Egypt via the Rafah crossing on Saturday morning. It comes as the Israel-Hamas war enters its 15th day and after another night of heavy bombing. Twenty trucks were estimated to have crossed from the Egyptian border, carrying essential goods that the U.N. described as "the difference between life and death for so many people in Gaza." The Rafah crossing, which is the only Gaza border that's not controlled by Israel, may also open on Saturday morning for foreigners to leave, according to the U.S. embassy in Israel.

Locations: Gaza, Egypt, Rafah, Israel

☆ How to cash in on India: Citi says this sector is a better bet than tech — and names its top stock picks
▼ + stars: | 2023-10-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

IT Services" on Sept. 28, Citi analysts said banks are poised to outperform the information technology services sector over the next 12 months. "We thus believe Indian banks will not be directly impacted by an uncertain global growth or global higher-for-longer policy rate cycles." The bank's analysts expect private sector banks to continue gaining market share from public sector banks. However, Citi noted increasing competitive pressures from smaller firms vying for deals in the IT services sector. The Citi analysts also said that banks are trading close to historical averages on a price-to-book basis.

Persons: Surendra Goyal, —, Joanna Tan Organizations: Citi, ICICI Bank, IndusInd Bank, IT, New York Stock Exchange, IT Services Locations: India

In this article HDFCBANK-IN Follow your favorite stocks CREATE FREE ACCOUNTA HDFC Bank branch in Mumbai, India, on Friday, April 14, 2023. Bloomberg | Bloomberg | Getty ImagesIndia's largest private lender HDFC Bank has completed its merger with Housing Development Finance Corporation , the country's biggest mortgage lender, in a deal that pits the new entity against the world's largest banks. HDFC shareholders will receive 42 shares of HDFC Bank for every 25 shares they own, and HDFC will cease operations on the Indian stock market on 13 July. In a presentation to HDFC investors, the mortgage lender outlined synergies including access to lower funding costs, operational efficiencies and a wider distribution network for HDFC. There will also be cross-selling opportunities as 70% of HDFC's customers do not have a banking account with HDFC Bank, according to the presentation.

Persons: Soumya Rajan, Nilesh Shah, HDFC, Rajan, Shah Organizations: Bloomberg, Getty, HDFC Bank, Housing Development Finance Corporation, JPMorgan Chase, Industrial, Commercial Bank of China, Bank of America, Waterfield Advisors, Mahindra Asset Management, Reliance Industries, CNBC Locations: Mumbai, India, HDFC

☆ UBS names Sergio Ermotti as its new CEO, following acquisition of Credit Suisse
▼ + stars: | 2023-03-29 | by ( Joanna Tan | ) www.cnbc.com time to read: 1 min

Signage at the UBS flagship office in New York, US, on Tuesday, March 21, 2023. UBS named Sergio Ermotti as its new CEO on Wednesday, following the recent acquisition of Credit Suisse. The cuurrent CEO Ralph Hamers is set to remain at UBS and work alongside Sergio P. Ermotti to advise the bank during a transition period, the company said in a statement. "The Board wishes to express its deep gratitude to Ralph Hamers for his outstanding leadership, steering UBS to record results in two successive years, and for his instrumental role in bringing about the Credit Suisse acquisition," the Swiss bank said. Please check back for updates.

☆ Bill Gates says Elon Musk's ambition to colonize Mars is not a good use of money
▼ + stars: | 2023-02-03 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Bill Gates questioned whether Elon Musk's current priorities would make him a good philanthropist, taking issue with his fellow billionaire's ambition to send people to Mars. Gates responded saying he doesn't think Musk is one currently but that this may change in future. Asked by BBC journalist Amol Rajan if going to Mars was a good use of money, Gates said: "Not in my view." In April, Musk said he asked Gates if he was short-selling Tesla — in other words, betting that the price of the electric carmaker's stock would fall. In a Bloomberg interview also in February 2021, Gates said that he wished he had "been more on the long side" of Tesla when asked about Musk's claims.

☆ Pelosi says her family is 'heartbroken and traumatized' by brutal attack on her husband
▼ + stars: | 2022-10-30 | by ( Joanna Tan | ) www.cnbc.com time to read: +1 min

House Speaker Nancy Pelosi is pictured with her husband, Paul Pelosi, on Capitol Hill on January 3, 2019 in Washington, DC. In her first public comments since her husband was attacked, House Speaker Nancy Pelosi said her family was "heartbroken and traumatized" by the brutal assault — but his condition is improving. The House Speaker was not in San Francisco at the time of the attack. Paul Pelosi, 82, has since gone through a successful surgery to repair a skull fracture and serious injuries to his right arm and hands, Pelosi's spokesman said on Friday. "His condition continues to improve," the House Speaker said in the letter.

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