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☆ Why both South Africa and Israel are welcoming the UN court’s ruling in a landmark genocide case
▼ + stars: | 2024-01-26 | by ( Nadeen Ebrahim | Abbas Allawati | ) edition.cnn.com time to read: +4 min

CNN —A historic ruling by the United Nations’ top court in a genocide case against Israel on Friday was welcomed by the three main parties it involved: Israel, South Africa and the Palestinians. The International Court of Justice in The Hague, the Netherlands, ordered Israel to “take all measures” to prevent genocide in Gaza after South Africa accused Israel of violating international laws on genocide in its war in the territory. It rejected Israel’s request for the case to be thrown out, but it also stopped short of ordering Israel to halt the war as South Africa has asked. “I would have wanted a ceasefire,” said South African foreign minister Naledi Pandor after the ruling in The Hague. Mohammed el-Kurd, a Palestinian activist from Jerusalem, said the ICJ failed on South Africa’s “most important request” to suspend the military operations.

Persons: “, Israel, ”, Naledi Pandor, Eylon Levi, ” Avi Mayer, ” Shelly Aviv Yeini, ” Robbie Sabel, Sabel, Yeini, didn’t, Mohammed el Organizations: CNN, United Nations ’, Israel, Court of Justice, Convention, Israel’s Haifa University, Hebrew University of Jerusalem, ICJ Locations: Israel, South Africa, The Hague, Netherlands, Gaza, Palestinian, Jerusalem, “

☆ Palestinians share their lives in war-torn Gaza via TikTok, X, and Instagram
▼ + stars: | 2024-01-19 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +18 min

Palestinians on social media are a window into the warLike millions of others around the world, Noor is witnessing the war in Gaza through the eyes of Palestinians who are sharing their daily realities on social media. Eyewitness accounts on social media are critical in understanding global conflicts, including past flare-ups between Israelis and Palestinians. Before October 2023, Azaiza had about 25,000 Instagram followers, according to the social media analytics firm Social Blade. Now watching from afar in Melbourne, she’s the one refreshing her social media feeds and anxiously texting relatives, friends and colleagues to make sure they’re safe. Mark Kerrison/In Pictures/Getty ImagesEven as people flock to learn from and support these Palestinians on social media, Noor says the exchange is overshadowed by feelings of powerlessness.

Persons: Motaz Azaiza, Azaiza, “, ” Noor, she’s, Noor, He’s, ”, It’s, ‘, ’, Leyla Hamed, Kanwal Ahmed, They’ve, Bisan Owda, hasn’t, Ahmed, Young, Hind Khoudary haven’t, “ Everyone’s, ” Ahmed, Zaina Arafat, Mark Kerrison, Marwa Fatafta, Clarissa Ward, Mohammed el, Sheikh Jarrah, Owda, Hind Khoudary, Plestia Alaqad, ” Alaqad, Alaqad, “ It’s, Sheikh Zayed Al, Hind, Syed Faizan Raza, Wael Al, Hamza Al, Mustafa Thuraya, Ahmad Hasaballah, Ismail al Dahdouh, ” Owda, Fatafta, ” Fatafta, She’s Organizations: CNN, Images Israel, European, Palestinian Ministry of Health, Reuters, Agence France, Presse, Israel Defense Forces, Getty, Gaza’s, Committee, Protect Journalists, Reporters, Palestinian, Israel, Quinnipiac University Locations: Gazan, Deir, Gaza, Israel, California, Noor isn’t, Iraq, London, Toronto, Palestinian American, Brooklyn, Instagram, European Union, Ramallah, East, North Africa, Egypt, Palestinian, East Jerusalem, Palestine, Australia, Melbourne, Sheikh Zayed Al Nahyan, Al, Gaza City, Anadolu, Gaza’s Old City, Islamabad, “, Jazeera, Rafah

☆ Powell signals no retreat, no surrender
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +4 min

Federal Reserve Chair Jerome Powell walks in Teton National Park where financial leaders from around the world gathered for the Jackson Hole economic symposium outside Jackson, Wyoming, U.S., August 26, 2022. There's no doubt that the U.S. central bank is nearing the end of its mission to wrestle down inflation. Headline consumer price pressures are rapidly abating, thanks to a wholesale retreat in food and energy prices. "It is the Fed's job to bring inflation down to our 2% goal, and we will do so," he said. This week, investors get a dose of top-tier data to help shape their view on the Fed's next move.

Persons: Jerome Powell, Jackson, Jim Urquhart, Amanda Cooper, it's, Mohammed El, Erian, payrolls, Kirsten Donovan Organizations: REUTERS, Federal Reserve, Futures Trading, Reuters Graphics Reuters, Reuters, Dallas Fed, Thomson Locations: Teton, Jackson , Wyoming, U.S

☆ Dollar eases after jump in U.S. jobless claims; Fed in focus
▼ + stars: | 2023-06-09 | by ( ) www.cnbc.com time to read: +2 min

An employee deals with U.S. one-hundred dollar banknotes at a bank on June 16, 2022 in Hai an, Nantong City, Jiangsu Province of China. The dollar retreated on Friday, dragged down by lower U.S. Treasury yields after a spike in weekly jobless claims raised hopes that a peak in U.S. interest rates was near, as the focus turned to the upcoming week packed with central bank meetings. Against the Japanese yen , the greenback dipped to a one-week low of 138.765, tracking a slide in U.S. Treasury yields. The benchmark 10-year Treasury yield last stood at 3.7317%, after falling 7 basis points on Thursday. So that'll show up in payrolls numbers and jobless claims and these sorts of numbers," said Jarrod Kerr, chief economist at Kiwibank.

Persons: Jarrod Kerr, Tayyip Erdogan, Hafize Gaye Erkan, Mohammed Elmi Organizations: U.S, Treasury, Federated Hermes Locations: Hai, Nantong City, Jiangsu Province, China, Asia, U.S, Kiwibank, United States

☆ Turkish lira slips despite appointment of well-regarded finance minister
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - Turkey's lira slid almost 1% on Monday in thin trading during the Asian day to weaken past 21 per dollar, in a shaky initial reaction to the appointment of highly-regarded Mehmet Simsek as finance minister. The lira hit 21.1 to the dollar, not far above a record low of 21.8 made last week. Simsek, 56, won markets' confidence during terms as finance minister and deputy prime minister between 2009 and 2018. Turkey's annual consumer price inflation hit a 24-year peak beyond 85% last year, and stood at 44% in April in a sign that further monetary tightening was required, according to Elmi. "A simple return to credible economic policy could see a marked change in Turkey's investment appeal," he said.

Persons: Mehmet Simsek, Tayyip Erdogan's, Mohammed Elmi, Tom Westbrook, Shri Navaratnam, Jamie Freed Organizations: Federated Hermes, Thomson Locations: Turkey

☆ A new long Covid treatment shows promise, but insurance won't cover it and some doctors are skeptical: Here's why
▼ + stars: | 2023-04-20 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +7 min

Some long Covid patients swear by the treatment, with one describing it to CNBC Make It as a "total game changer." That's a huge stumbling block for many medical experts, who caution against viewing it as a universal remedy for long Covid. Most of the ones who do get treated have reported improved long Covid symptoms, the clinic adds. That's because a variety of underlying physiological conditions — like chronic lung issues, for example — can "drive different manifestations of long Covid," says Dr. Lucy Horton, an infectious disease physician who founded the long Covid clinic at UC San Diego Health. "For many [Covid] long haulers, including myself, financial freedom is gone because we can't work full-time."

☆ Interest rate decision: What to expect from the Fed meeting
▼ + stars: | 2023-03-22 | by ( Christine Romans | ) edition.cnn.com time to read: +5 min

Among the choices, the Fed could continue its aggressive rate-hike campaign to cool inflation that is running at triple the central bank’s target of 2%. Warren — already a critic of the Fed’s inflation fight — leveled further blistering criticism of the Republican Fed chief. In addition to achieving price stability and financial stability, the Fed’s broader mandate includes supervision of individual financial institutions, Leer says, and “that’s where the failure lies. “The Fed needs to secure both price stability and financial stability, something that it has failed to so recently,” he told CNN. And this Fed chief inherited an unprecedented economy.

☆ The UK is gripped by an economic crisis of its own making
▼ + stars: | 2022-09-29 | by ( Mark Thompson | ) edition.cnn.com time to read: +8 min

“While this is welcome, the fact that it needed to be done in the first place shows that the UK markets are in a perilous position,” said Paul Dales, chief UK economist at Capital Economics, commenting on the bank’s intervention. “It wouldn’t be a huge surprise if another problem in the financial markets popped up before long,” Dales added. The UK government should also postpone its tax cuts, El-Erian said. We look like reckless gamblers who only care about the people who can afford to lose the gamble,” one former Conservative minister told CNN. “Truss and Kwarteng are now facing a severe economic crisis as the world’s financial markets wait for them to make policy changes that they and the Conservative party will find unpalatable,” the Eurasia analysts wrote.

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