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☆ Premarket stocks: Joe Biden’s top economic adviser isn’t worried about the latest inflation data
▼ + stars: | 2024-02-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —US markets broke a five-week winning streak last Friday after disappointing inflation data reignited economic and interest rate-related fears on Wall Street. Then last week, two key inflation indicators for January — the Consumer Price Index and Producer Price Index — rose above Wall Street expectations. Richmond Fed President Thomas Barkin said the new data showed that the Fed needs more confidence before cutting rates. I think in this case, the market isn’t necessarily telling you much about the economy’s fundamentals, the market is telling you what other market participants think. And I think that those economic fundamentals get you to the part that says, you know, it’s not not the economy.

Persons: Price, Thomas Barkin, Raphael Bostic, isn’t, Bell, Jared Bernstein, Joe Biden, I’m, they’re, It’s, it’s, Joe Weisenthal, Elisabeth Buchwald, Hanna Ziady, Liam Peach, ” Peach Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Richmond Fed, White House Council, Economic Advisers, CPI, Apple, Google, Nvidia, Microsoft, Capital, Discover Financial Services, Discover, Hamas, Gross, Israel’s, Bureau, Statistics, Capital Economics Locations: New York

☆ Israel’s economy slumps in the fourth quarter as war takes a toll
▼ + stars: | 2024-02-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Israel’s output contracted sharply in the final three months of 2023, falling for the first time in nearly two years, as the war with Hamas takes a heavy toll on the economy. The conflict is expected to cost Israel around 255 billion shekels ($70.3 billion) by the end of 2025, equivalent to around 13% of GDP, according to the Bank of Israel. And earlier this month, Moody’s delivered Israel’s first ever credit rating downgrade, citing elevated political risk and deteriorating public finances stemming from the war. “Under a scenario of outright conflict… the negative economic impact would spread to more sectors and be longer-lasting,” Moody’s said. In 2023 as a whole, Israel’s economy grew 2%, according to the statistics office.

Persons: Liam Peach, ” Peach, Moody’s, Israel’s, ”, ” Moody’s, Ido Soen Organizations: London CNN, Hamas, Gross, Israel’s, Bureau, Statistics, Israel, Capital Economics, Bank of Israel Locations: Gaza, Israel, Lebanese

On December 22, the UN Security Council passed a resolution calling for further extended humanitarian pauses to allow more aid into Gaza. People carry some of their belongings as they walk to Rafah in the southern Gaza Strip on January 4, fleeing central Gaza. But even as foreign aid to Gaza rose in the wake of the Hamas takeover, the amount of aid fluctuates annually, OECD data shows. In 2018, the Trump administration cut about $200 million in Palestinian aid and halted contributions to UNRWA. Medicine for Israeli hostages and Palestinians entered Gaza last Wednesday after Qatar brokered a deal with Israel and Hamas.

Persons: Khan Younis, —, Majdi, Fatah, Mohammed Abed, ”, Yara Asi, Israel, René Wildangel, Wildangel, ” Asi, Trump, Biden, Benjamin Netanyahu, “, Netanyahu Organizations: CNN, United Nations, West Bank, UN Office, Humanitarian Affairs, Service, Aid, World Health Organization, UN Relief and Works Agency for Palestinian Refugees, Israel, Israel Defense Forces, UN, Assembly, UNRWA, IDF, UN Security, World Food, Palestinian, Statistics, World Bank, Palestine Liberation Organization, PLO, Palestinian Authority, Hamas, West Bank ., Getty, University of Central, “, International Hellenic University, Amnesty, Palestinian Central Bureau, European Union, Organization for Economic Co, Development, Obama, Qatar Locations: Israel, Gaza, East Jerusalem, UN, Rafah, South Africa, Oslo Accords, AFP, Palestine, University of Central Florida, Oslo, Thessaloniki, Greece, United States, Europe, Qatar

☆ Israel's jobless rate spikes to 9.6% in Oct due to Hamas war
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Nov 20 (Reuters) - Israel's jobless rate surged to near 10% in October, the Central Bureau of Statistics said on Monday, after the outbreak of war with Palestinian Hamas militants led to tens of thousands of displaced citizens who had lived near the Gaza border. The main unemployment rate held steady at 3.4% last month. But when taking into account what is expected to be a temporary loss of work, the rate reached 9.6% in October as 428,400 people were jobless versus 163,600 in September, prior to the Oct. 7 attack when Hamas gunmen rampaged though Israeli border towns. In the wake of the attack, nearly 400,000 Israelis were called up to reserve duty, and official data show that about 80,000 Israelis were placed on unpaid leave in the last few weeks. Israel's low jobless rate had underpinned economic growth, but with so many people furloughed or out of a job, the economy is expected to contract in the fourth quarter and grow a less than expected 2.3% in 2023.

Persons: rampaged, Steven Scheer, William Maclean Organizations: Central Bureau, Statistics, Gaza, Thomson Locations: Gaza

☆ ‘Where will I leave these children, on the street?’ The struggle for survival faced by disabled Palestinians in Gaza
▼ + stars: | 2023-11-17 | by ( Rosa Rahimi | Sana Noor Haq | ) edition.cnn.com time to read: +14 min

“There was chaos in the place, children crying, and smoke and fire spread,” Al-Naizi told CNN, sharing videos of the aftermath. It took about two hours to evacuate the group, according to Al-Naizi, as many of the children had to be carried. “Where will I leave these children, on the street?” Al-Naizi said. Streams of Palestinians – including women, children and the elderly – have been making their way south in a growing exodus along daily evacuation corridors announced by the IDF. Hazem Saeed Al-NaiziAs Israeli troops close in on Gaza City, Al-Naizi fears the orphanage will be displaced again.

Persons: Hazem Saeed Al, Naizi, ” Al, ”, “, Hamza, Muhammad, Naizi Israel, Volker Türk, Abu Jazar Sama, Sama, Walid Mahmoud Nazzal, ” Sama, ” Heba Abu Jazar Sama, Heba Abu Jazar Sama, Sama’s, Jamal Al Rozzi, Ayas, Saeed Al, Reham Shaheen, bedsores, Shaheen, Gazans, Al Rozzi, Fidaa Fouad Khamis Omar, Khan Younis, ’ Al Rozzi’s, Adham, Israel, Omar, , ” CNN’s Kareem El Damanhoury, Abeer Salman, Akanksha Sharma, Mostafa Salem, Zeena, Eyad Kourdi Organizations: CNN, Israel Defense Forces, Palestinian Ministry of Health, West Bank, Humanitarian Affairs, IDF, United Nations, Palestinian Central Bureau, Statistics, Palestinian, Palestinian Union of, UN, Human Rights Watch, National Society for Rehabilitation, Humanity, HRW, Aid, National Society for, Rehabilitation, Amnesty International Locations: Gaza, Gaza City, Al, Ramallah, Palestinian Union, “, Wadi Gaza, Khan

☆ Israel Is In Real Danger For Three Reasons - The New York Times
▼ + stars: | 2023-11-09 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +15 min

After traveling around Israel and the West Bank, I now understand why so much has changed. It is crystal clear to me that Israel is in real danger — more danger than at any time since its War of Independence in 1948. Last Saturday night, a retired Israeli Army commander stopped by my hotel in Tel Aviv to share his perspective on the war. Consider this context: “According to Israel’s official Central Bureau of Statistics, at the end of 2021, 9.449 million people live in Israel (including Israelis in West Bank settlements), the Times of Israel reported last year. Let me not mince words, because the hour is dark and Israel, as I said, is in real danger.

Persons: I’ve, —, Vladimir Putin, Biden, Israel, Benjamin Netanyahu, Kiryat Shmona, Kibbutz, Liat Admati, “ Mahmoud, ”, he’d, “, Yoav Gallant, Netanyahu, Israel’s, Biden —, Ron Scherf Organizations: West Bank, Yemen —, West Bank —, U.S, Israeli Army, Iranian, Hamas, Sunday, The Times, ABC News, Central Bureau of Statistics, Palestinian, Statistics, West Bank Palestinian, West, Palestinian Authority, Brothers Locations: Tel Aviv, Israel, America, U.S, Independence, Iraq, Yemen, Jerusalem, Hamas, Gaza, United States, Israeli, Kiryat, Lebanon, Kibbutz Be’eri, Be’eri, Mefalsim, “ Israel, West Bank, Netanyahu Israel

Following the deadly Hamas rampage across southern Israel on Oct. 7, which killed more than 1,300 people, Israel ordered an immediate cut-off of the country’s water supplies to the Gaza Strip. REUTERS/Ahmed ZakotOn Sunday, Israel’s energy minister said that a decision to renew water supplies to parts of southern Gaza was agreed on between Prime Minister Benjamin Netanyahu and U.S. President Joe Biden. On Monday, Hamas said that Israel had yet to resume water supplies for the Gaza Strip despite pledging to do so, while an Israeli official responded that some water was being provided to an area in the south of the enclave. Bar chart comparing the daily water consumption in litres per capita in Gaza and Israel. Map showing 3 desalination plants and 6 wastewater plants in the Gaza Strip.

Persons: Khan Younis, Ahmed Zakot, Benjamin Netanyahu, Joe Biden, Israel, ” Organizations: United Nations, REUTERS, U.S, Health, WHO, Palestinian Central Bureau of Statistics, Water, Palestinian Water Authority, Records, UNSCO Atlas, Sustainable, Resources, Israeli Information Center, Human Rights, World Bank Locations: Gaza, Israel, Sinai, Egypt, B’Tselem, Territories

[1/4] People walk into Jerusalem's Old City via Jaffa Gate, as the conflict wreaks havoc across the tourism sector October 11, 2023. Now they are empty after a devastating attack by Palestinian militant group Hamas in Israel on Oct. 7. InterContinental Hotels (IHG.L) said two of its hotels, Six Senses Shaharut and Hotel Indigo Tel Aviv – Diamond District, were temporarily shut. Australian tour operator Intrepid Travel has called off tours to Israel and Palestinian territories until the end of the year. Odysseys Unlimited has suspended its Israel trips until March 31.

Persons: Sinan Abu Mayzer, Abu Dawoud, Khader Hussein, Jesus, That's, Elias al, Dan Hotels, Isrotel, Dan, Israel, Joanna Plucinska, Steven Scheer, Doyinsola, Yadarisa, Josephine Mason, Mark Potter Organizations: REUTERS, Rights, Palestinian, Hamas, West Bank, Virgin, European, InterContinental Hotels, Indigo, Aviv, Diamond, Israel Central Bureau of Statistics, Arab Hotel Association, Intrepid, Odysseys, NEW, Thomson Locations: City, Jaffa, Rights BETHLEHEM, JERUSALEM, Bethlehem's, Israel, Palestinian, Gaza, Jerusalem, Tel Aviv, United States, European Union, Britain, Europe, Bethlehem, Tel, U.S, West, Australian, Egypt, Jordan, LONDON, Bengaluru

When the Israel Defense Forces (IDF) shut all access to Gaza following Hamas’ deadly attack last Saturday, these men became stuck. Ismail Abd Almagid’s wife and five children – four girls and one boy – are in Gaza while he is staying in the refugee camp. When Abd Almagid got his permit to work in Israel in October last year, it felt like winning the lottery. Many of the men at the Dheisheh refugee camp are in the same situation – they are the only members of their families to have a job. A view of the Deheisheh refugee camp in the West Bank.

Persons: –, Khan Younis, Ismail Abd Almagid’s, Misk, Tala, ’, ”, Abd Almagid, “ I’d, that’s, ” Ismail Abd Almagid, Ivana Kottasova, “, they’d, Marwan Saqer, Dheisheh, ” Saqer Organizations: West Bank CNN, West Bank, Israel Defense Forces, CNN, IDF, Palestinian Ministry of Health, United Nations, CNN Sunday, Palestinian Central Bureau of Statistics, Israel, Gazans, Palestinian Authority, UN’s, Works Agency for Palestine Refugees Locations: Gaza, Israel, Khan, Egypt, Kafr Qassem, Tel Aviv, Bethlehem, Jerusalem

☆ Israeli military orders Gazans to leave northern half of territory
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +4 min

Map of the Gaza Strip showing the Israeli ordered evacuation zone in the north. Map of the population density in the Gaza Strip, showing the population density in Gaza City, Deir al-Balah, Khan Yunis and Rafah. There are two refugee camps within the evacuation zone, and a cluster of camps just south of the zone, near Deir al-Balah. That's why we're asking them to move.” There are only two major roads leading from northern Gaza to the evacuation zone. Map showing that most of the hospitals in the Gaza Strip are in the north, within the evacuation zone.

Persons: Israel, Khan, Martin Griffiths, Gazans, Salah Al Deen, Al Organizations: United Nations, Palestinian Central Bureau of Statistics, Israeli Defense Forces, Israel, World Health Organization, WHO Locations: Gaza, Israel, Gaza City, Deir, Khan Yunis, Rafah, Deir al

☆ Gaza Strip: devastated by conflict and Israel's economic blockade
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +5 min

Palestinians look at the destruction of a house in the aftermath of a strike amid the conflict with Israel in Khan Younis, in the southern Gaza Strip, October 12, 2023. The Palestinian Gaza Strip has been a frontline of conflict with Israel for decades and cut off from much of the outside world for 16 years. Egypt held Gaza for most of the following two decades, until Israel seized it during a 1967 war. Egypt, which shares a 12-km border with Gaza, has largely supported the blockade, viewing Hamas as a threat to its own stability. More than 90% of water in Gaza is unfit for drinking, the Palestinian Water Authority says.

Persons: Khan Younis, Abu Mustafa, Mahmoud Abbas, Israel, Egypt's, Cross, Tom Perry, Crispian Balmer, Toby Chopra Organizations: REUTERS, Hamas, THE, Watch, Humanitarian Affairs, Palestinian Water Authority, West Bank, Palestinian Central Bureau, Statistics, International Committee, Thomson Locations: Israel, Gaza, Palestinian, GAZA, Gaza City, Egypt, Rafah

I said please kill her because it would be better than being kidnapped,” Ovadia, 38, told CNN on Wednesday. He is one of many Israelis returning home from abroad as their country’s long-running conflict with Hamas escalates into a war not seen on this scale for a generation. But he abandoned those plans on Saturday when he learned of Hamas’ attack while in a mountain village in Nepal. Ilan FisherIlan Fisher, 29, is another Israeli expecting to be called up for reserve duty, he told CNN on Wednesday. “Being here is a lot more comforting than being away,” she told CNN.

Persons: Ben Ovadia, Kaddish, “, ” Ovadia, don’t, “ Allahu Akbar, ”, Ovadia, Israir, Arkia, Guy, ” Israel, Doron Spielman, “ There’s, ” Spielman, ben, Ben, “ You’re, ” Ilan Fisher, Ilan Fisher Ilan Fisher, Fisher, Rachel Gold, Jessica Kane, Kane, ” Kane, Gold Organizations: CNN, El Al, Reuters, Palestinian Ministry of Health, Supernova, Israel Defense Forces, Israeli Central Bureau, Statistics Locations: Israel, London, Gaza, Lod, Tel Aviv, cybersecurity, United States, Ben, Nepal, Kathmandu, Asia, Australia, Melbourne, Toronto, New York

☆ The deteriorating situation in Gaza
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +5 min

Map of Gaza Strip access restrictions since 2005. The international airport in the south of the Gaza Strip was destroyed in 2002. The Gaza Strip is one of the most densely populated areas in the world. Note: Gaza Strip population in 2023: 2,226,544 inhabitants. Source: Gaza Electricity Distribution Company via UN OCHAFurther energy cuts mean residents cannot recharge phones, so are cut off from news of each other and events.

Persons: Israel, Khan, Benjamin Netanyahu, ”, Mohammad Brais Organizations: United Nations Office, Humanitarian Affairs, Palestinian Central Bureau of Statistics, West Bank, Israel, CIA, Gaza Electricity, Company, UN, NetBlocks, Israeli Air Force Locations: Israel, Gaza, Egypt, London, England, Deir, Khan Yunis, Rafah

☆ The 10 least affordable places to live if you're an expat in 2023
▼ + stars: | 2023-06-08 | by ( Reena Koh | ) www.businessinsider.com time to read: +5 min

New York, Hong Kong, and Geneva are the top 3 unaffordable cities to live in if you're an expat in 2023. Read further for the 10 least affordable places to live if you're an expat in 2023, ranked from the most expensive to the least expensive. Alberto MazzaThe average monthly rent for a four-room apartment in Geneva's city center is about $4,600. GettyThe median monthly rent for a two-bedroom flat in London touched a high of $2,895 in December, according to CNBC. JaCZhou 2015/Getty ImagesThe average monthly rent for a four-room apartment in the city center of Zurich sits at around $4,200, per The Local.

Persons: —, Lee Quane, Read, Sharp, ANTHONY WALLACE, Alberto Mazza, LondonlovesBusiness, Justin Sullivan, Alexander Spatari, Marielle, Allan Baxter, Tokyo Kantei Organizations: Service, York, ECA, Big Apple, NBC, New York Times, Getty, expats, Bloomberg, CNBC, San Francisco Bay Area, Jerusalem Post, Central Bureau of Statistics, CBS, South Korea Skyline, South, Financial Times Locations: . New York, Hong Kong, Geneva, London, Singapore, New York, Asia, expat, Manhattan, expats, NBC New York, China Hong, Switzerland, Geneva's, Swiss, NurPhoto, Zurich, San Francisco, US, San Francisco Bay, Tel Aviv, Israel, Jerusalem, Seoul, South Korea, South Korean, —, Korean, Tokyo, Japan

☆ Israel posts 5.3% inflation rate in 2022
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: 1 min

JERUSALEM, Jan 15 (Reuters) - Israel posted an inflation rate of 5.3% in 2022, Israel's Central Bureau of Statistics said on Sunday, citing gains of housing, food and transportation and telecommunications prices. The annual rate in December was unchanged from November to remain at its highest level since October 2008 but slightly below expectations of a 5.4% rate in a Reuters poll of analysts and well below Western levels. In a bid to move inflation back to a 1-3% target, the Bank of Israel has sharply raised its benchmark interest rate (ILINR=ECI) to 3.75% from 0.1% in April. Central bank officials have said they expect the rate to reach at least 4% in coming months. Reporting by Steven Scheer Editing by Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.

☆ Israel annual inflation rate holds at 4.6% in September
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Oct 14 (Reuters) - Israel's annual consumer price index (CPI) of inflation remained at a 4.6% rate in September, the Central Bureau of Statistics said on Friday, amid steep Bank of Israel rate hikes in recent months. A Reuters poll of analysts had projected an inflation rate of 4.5% last month. CPI rose 0.2% in September from August, led by gains in fresh produce, healthcare, education and furniture, the bureau said. In a bid to cool inflation, Israel's central bank has raised its benchmark rate (ILINR=ECI) to 2.75% from 0.1% in April, the last two moves strong 75 basis-point hikes in August and on Oct. 3. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Steven Scheer; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

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