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☆ Middle East Crisis Temporary Pier Is Anchored in Gaza to Deliver Aid, U.S. Military Says
▼ + stars: | 2024-05-16 | by ( Victoria Kim | ) www.nytimes.com time to read: +4 min

U.S. officials had said last week that the floating pier and causeway had been completed, but that weather conditions had delayed their installation. An American ship loaded with humanitarian aid, the Sagamore, set off for Gaza from Cyprus last week, and the aid was loaded onto a smaller vessel that had been waiting for the pier to be installed. Aid groups say the devastation in Gaza after seven months of Israeli bombardment, strict Israeli inspections and restrictions on crossing points are limiting the amount of aid that can enter Gaza. The Pentagon has said that the pier could help deliver as many as two million meals a day. An aid group, World Central Kitchen, built a makeshift jetty in mid-March to deliver aid by sea to Gaza for the first time in nearly two decades.

Persons: Charles Q, Brown, “ It’ll, ”, “, that’s, Nadav Shoshani, Dan Dieckhaus, Rawan Sheikh Ahmad, Helene Cooper Organizations: U.S, Israel, U.S . Central Command, United Nations, Central Command, U.S ., Pentagon, Joint Chiefs, Staff, NATO, Israeli Navy, Division, Food, U.S . Agency for International Development Locations: Rafah, Israel, Gaza, An American, Cyprus, Brussels, Kerem

☆ Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
▼ + stars: | 2024-05-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

And simultaneously, we are referring to geopolitical risks. I think that, you know, markets sometimes are underestimating the potential impact of geopolitical risks that are there," Luis de Guindos told CNBC's Annette Weisbach. Rising geopolitical risks present "considerable downside risks," the ECB warned in the report. The report attributes the rally in financial markets to analyst expectations of interest rate cuts from major central banks this year. "And that's the element that you cannot ignore, you cannot overlook this potential impact that could affect risk aversion, risk attraction, commodity prices, growth, overall growth in the global economy."

Persons: Luis de Guindos, CNBC's Annette Weisbach, De Guindos Organizations: European Central Bank, Stock, U.S, ECB Locations: U.S, Europe, East, Ukraine

☆ Biden's move to send $1 billion in weapons to Israel could backfire
▼ + stars: | 2024-05-15 | by ( Mikhaila Friel | Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewThe US plans to send more than $1 billion in arms and ammunition to Israel despite growing tensions between President Joe Biden and Israel's Prime Minister Benjamin Netanyahu. Getting the weapons to Israel could be a lengthy process. AdvertisementBiden later warned he would withhold additional weaponry if Israel went ahead with a widespread ground assault on the city. Seth Binder, an expert on US weapons sales with the Middle East Democracy Center, told the Journal that Biden's apparent U-turn weakens his influence over Netanyahu. Analysts say that Biden's handling of the Gaza war is among the issues corroding his support among them.

Persons: —, Joe Biden, Benjamin Netanyahu, Biden, Israel, Nathan Howard, Netanyahu —, Seth Binder, Netanyahu, Sen, Chris Van Hollen, BRENDAN SMIALOWSKI, he's, Dave Harden Organizations: Service, Israel's, Officials, Street Journal, Business, CNN, White, Getty, Middle East Democracy Center, Washington Post, Pentagon, Israel, Gaza, US Agency for International Development, West Bank, BBC Locations: Israel, Gaza, Rafah, Washington , DC, Iran, Lebanon, Damascus, Syria

☆ Biden administration is sending $1 billion more in weapons, ammo to Israel, congressional aides say
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: +2 min

The Biden administration has told key lawmakers it is sending a new package of more than $1 billion in arms and ammunition to Israel, three congressional aides said Tuesday. It's the first arms shipment to Israel to be announced by the administration since it put another arms transfer — consisting of 3,500 bombs — on hold this month. The package being sent includes about $700 million for tank ammunition, $500 million in tactical vehicles and $60 million in mortar rounds, the congressional aides said. They spoke on condition of anonymity to discuss an arms transfer that has not yet been made public. House Republicans were planning this week to advance a bill to mandate the delivery of offensive weaponry for Israel.

Persons: Joe Biden, Walter E, Biden, It's, Israel's, Joe Biden's Organizations: Pacific American Institute for Congressional, Washington Convention Center, Street Journal, House Republicans Locations: Washington, Israel, Gaza, Rafah, U.S

☆ Brands aren't hurt by advertising on hard news, a new report finds
▼ + stars: | 2024-05-15 | by ( Leila Jordan | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A new report, "The Future of News: Ad Adjacency Study," challenges this conventional wisdom and indicates the focus on brand safety in news advertising might be misguided. The report also sought to measure how large an audience advertisers might be missing out on by advertising alongside only certain topics. "Brand safety — or at least when it comes to news advertising — really doesn't promote desirable social goals because it defunds the ability to report news." Penn told BI he was hopeful the report would help create a more productive relationship between media publishers and advertisers.

Persons: —, Mark Penn, Stagwell, Axel Springer, Donald Trump, Joe Biden, Penn, Gen, Biden, Trump, Maggie Milnamow Organizations: Service, Business, Politico, The New York Times, Street Journal, Washington, Harvard, Harris, Republicans

☆ This year's biggest air battles are showing the US what it could need most in a missile war with China
▼ + stars: | 2024-05-15 | by ( Jake Epstein | Chris Panella | ) www.businessinsider.com time to read: +13 min

AP Photo/Evgeniy Maloletka, FileThe war has shown how effective air defenses can be at denying air superiority, protecting key areas, and threatening high-value aircraft, as well as the costs when capabilities are degraded. Ukraine's air defenses, like its Soviet-era S-300s and US-supplied Patriots, have defeated enemy missile and drone strikes, hindered Russian air operations, and shot down numerous fighter-bombers and other Russian planes. "Ukraine and NATO might reduce risks with a two-prong strategy of strengthening air defenses and boosting infrastructure resilience." Needing more interceptors for the PacificFrom the fights this year, the US can see how it'll need to employ air defenses in a potential showdown with China. Running out of air defenses before the enemy runs out of air threats spells trouble.

Persons: —, Bradley Martin, Evgeniy, Volodymyr Zelenskyy, Firefighters, Archer Macy, Martin, Shaan Shaikh, We've, Amir Cohen TPX, Shaikh, it's, Andy Wong, Thomas Shugart, Shugart, Joshua Smoot, Heath Collins, Navy Carlos Del Toro, Macy, Mark Wright Organizations: Service, Business, US Navy, Ukraine, AP, Patriots, Institute for, Emergency, Ministry, RAND Corporation, NATO, Western, Central Command, Combat, Navy, RAND, Patriot, US, Missile Defense, Center for Strategic, International Studies, REUTERS, China, Pentagon, Defense, Center, New, Air Force, 37th Expeditionary Bomb Squadron, Andersen Air Force Base, US Air Force, Aegis, Missile Defense Agency, Former Navy, CSIS, Pacific Missile, AP Air Locations: China, Ukraine, Israel, Navy, Russia, Congress, Avdiivka, Kharkiv, Russian, Kyiv, NATO, Yemen, Gulf of Aden, Iran, Red, Screengrab, French, Ashdod, South Korea, Japan, Guam, Beijing, New American, Gen, Kauai, Hawaii

☆ No secret the U.S. wants to keep a lid on oil prices in election year, analyst says
▼ + stars: | 2024-05-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo secret the U.S. wants to keep a lid on oil prices in election year, analyst saysAmena Bakr, senior research analyst at Energy Intel, discusses U.S. Secretary of Energy Jennifer Granholm's Middle East visit.

Persons: Amena Bakr, Energy Jennifer Granholm's Organizations: Energy Intel, U.S, Energy Locations: U.S

☆ Egypt warns Israel of ‘dire repercussions’ over Rafah operation in Gaza
▼ + stars: | 2024-05-15 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

The official said that coordination between the two countries on the Rafah operation, which Egypt has publicly opposed, “didn’t go well. The top diplomats in both countries traded blame over the closure of the Rafah crossing as aid deliveries through the key land crossing halted. Rafah had been the entry point for nearly a quarter of the relief entering the Gaza Strip before Israel’s operation. Videos released by the Israeli military last week showed Israeli flags raised on the Palestinian side of the frontier. It is unclear how many troops Israel now has stationed across the border in Rafah.

Persons: “ didn’t, Israel, ”, ” Israel, Israel Katz, David Cameron, Annalena Baerbock, Sameh Shoukry, Katz, ” Shoukry, Shoukry, Egypt didn’t, Fatah, Abdel Kareem Hana Organizations: CNN, ” CNN, Street, Palestinian, US State Department, Israeli, Foreign, German, AFP, Getty, Israel Locations: Egypt, Israel, Gaza’s, Rafah, Gaza, Cairo

☆ The market is 'definitely biased towards a rally': Investment firm
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is 'definitely biased towards a rally': Investment firmOmar Itani, head of investment advisory at Edmond De Rothschild Middle East, discusses the outlook for U.S. consumer price index data.

Persons: Omar Itani, Edmond De Rothschild Locations: East

☆ Opinion: How an ICC arrest of Netanyahu could play out
▼ + stars: | 2024-05-14 | by ( Opinion Dan Perry | ) edition.cnn.com time to read: +10 min

CNN —The signs are mounting that the International Criminal Court (ICC) is weighing an indictment against Israeli Prime Minister Benjamin Netanyahu and other top Israeli officials over Israel’s conduct of its war against Hamas in Gaza. But in 2015 the ICC stepped in to decide that implicitly it is, by accepting it — without consulting the Assembly of States Parties (ASP), representing ICC member states. Could the highly respected chief prosecutor, Britain’s Karim Khan, be feeling some pressure to play his part in ramping up the pressure on Netanyahu? Netanyahu is on the ropes politically and would almost certainly be trounced in an election held today. Israel desperately needs Netanyahu to be gone, as does the region and the world.

Persons: Dan Perry, Read, Benjamin Netanyahu, ”, Russia’s Vladimir Putin, Sudan’s Omar al, Bashir, Moammar Ghadhafi’s, Saif, Netanyahu, Israel’s, Jordan, Egypt —, Dan Perry Moreover, —, Britain’s Karim Khan, Joe Biden’s, Israel Organizations: London, Associated Press, CNN, Criminal Court, Israeli, ICC, West Bank, ISIS, UN, States Parties, West, The West Bank, Bank, Palestinian Authority Locations: Cairo, Europe, Africa, Israel, Gaza, United States, Jerusalem, Sudan, Britain, Iraq, al, Libya, Yemen, Palestine, Palestinian, West Bank, East Jerusalem, Egypt, ramping, Iran

☆ Putin to meet Xi in China as world convulses from global conflicts
▼ + stars: | 2024-05-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Pyongyang – which has an economy almost entirely dependent of China – is believed by Western governments to be aiding Russia with war supplies. Xi has ramped up his calls for Europe and other countries to help the world avoid a “Cold War,” suggesting they resist what Beijing sees as US efforts to contain China. They have also criticized Israel and the United States – converging with mounting global backlash, especially across the Global South against Israel’s war. The conflict has also impacted how China and Russia view their relations with countries there, he added. China “wants to use Russia” for its aims, but Russia is making China weak, he said.

Persons: Xi Jinping, Vladimir Putin, Putin, –, It’s, China –, Xi, France –, Jens Stoltenberg, Sergei Guneyev, ”, Li Mingjiang, Manoj Kewalramani, Russia doesn’t, Stringer, Gaza —, Sergey Lavrov, presser, Wang Yi, Israel, “, Privately, Shen Dingli, China “, Alexander Dugin, Donald Trump, Li Organizations: Hong Kong CNN, West, NATO, Forum, Singapore’s Nanyang Technological University, EU, Takshashila, Boys, Getty, United, Global, Shanghai Cooperation Organization, Russia, Weibo, Moscow, CNN Locations: Hong Kong, China, Russian, Gaza, Ukraine, Moscow, Washington, Iran, North Korea, Pyongyang, Russia, Tehran, Beijing, Europe, France, Serbia, Hungary, Bangalore, Rafah, AFP, Israel, United States, Kewalramani, South, Taiwan, Shanghai, Singapore

☆ Behind the curtain of the global arms trade
▼ + stars: | 2024-05-14 | by ( Momo Takahashi | ) www.businessinsider.com time to read: +7 min

In his new book, "Nothing Personal: The Back Office of War," photographer Nikita Teryoshin lifts the veil on the global arms trade, capturing defense exhibitions worldwide. Closed to the public, his series offers a rare inside look into the lucrative global arms industry. Guests, politicians, and traders watch a live demonstration of warfare at the International Defense Exhibition in Abu Dhabi. After the construction and the oil and gas sectors, the global arms trade is one of the most corruption-prone sectors in the world, according to Transparency International. By contrast, the international trade of bananas is more tightly regulated than the arms trade, according to the introductory note of the United Nations Arms Trade Treaty.

Persons: Nikita Teryoshin, Teryoshin, Rafael, KAI, Lockheed Martin Organizations: Business, International Defense, Bofors, International Defense Industry, International Defense Exhibition, Rafael Advanced Defense Systems, United Nations Arms, Black Eagles, Nikita, Kalashnikov, Lockheed Locations: East, Ukraine, France, Paris, United States, China, Abu Dhabi, Russia, India, Poland, UAE, Saudi Arabia, Peruvian, Lima , Peru, Korean, Seoul

☆ Nicholas Kristof says press ‘shouldn’t be neutral’ with coverage of Trump’s threats to democracy
▼ + stars: | 2024-05-14 | by ( Oliver Darcy | ) edition.cnn.com time to read: +14 min

The American press, he writes in clear-eyed terms, “shouldn’t be neutral about upholding democracy” and must not “dispassionately observe our way to authoritarianism.”We spoke with Kristof over email for a Q&A about this and more. This is strange for a pundit to admit, but I think there’s too much punditry in journalism today and not enough reporting. … We journalists shouldn’t dispassionately observe our way to authoritarianism; we shouldn’t be neutral about upholding democracy.” Do you believe your colleagues in the press are as clear-eyed about this as you are? I believe that journalism — along with law and the civil service — restrained the Trump presidency and is a force for civilization and democracy. He believed it and I believe it, and that is why I say that journalism is an act of hope.

Persons: Nicholas Kristof, “, Kristof, Gray Lady, Donald Trump, ”, James Bond, scoff, I’ve, That’s, It’s, I’m, we’re, aren’t, it’s, William Safire, shouldn’t, Joe McCarthy, Edward R, Murrow, McCarthy, Martin Luther King Jr, George Wallace, Jim Crow, Trump, Joe Kahn, — that’s, Will, Let’s, — Organizations: New York CNN, New York Times, The New York Times, Times, Trump, Endowment, Arts, CNN, State Security, State, “ Locations: New York, Congo, Iraq, Syria, Aleppo, America, Washington, China, —, Oregon, U.S, Gaza, Russia

☆ Stellantis to rapidly grow exports of Chinese EVs to Europe, other countries
▼ + stars: | 2024-05-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

That's due, in part, to new American tariffs on China-made EVs, Tavares said, citing among other reasons as well. The Biden administration on Tuesday announced stiff new tariff rates on billions' worth of Chinese imports, including quadrupling tariffs on imported Chinese electric vehicles, from 25% to 100%. The joint venture's expansion plans include at least six EVs by 2027, according to a presentation by Stellantis and Leapmotor. The announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other regions. Many in and around the automotive industry fear the less-expensive, China-made vehicles will flood the markets, undercutting domestic-produced EVs.

Persons: Carlos Tavares, Zhu Jiangming, EVs, Tavares, Biden, " Tavares, Stellantis Organizations: Stellantis, Leapmotor, Europe —, Asia Pacific Locations: China, Europe, Europe — France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece, Romania, East, Africa, India, Asia, South America, U.S, Hangzhou

☆ US jamming technology is significantly worse than Russia's, ex-Pentagon officials warn
▼ + stars: | 2024-05-14 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewThe US has been outclassed by its rivals, such as Russia, in its capacity to remotely take out enemy weapons using jamming technology, according to former US military officials. He called on the US to get more creative to regain its dominance in electronic warfare. AdvertisementLast year, Ukraine's outgoing senior commander, Valery Zaluzhnyi, in an interview with The Economist, said Russia's electronic warfare capability had given it an important edge. The US is closely studying the conflict for information on how to improve its electronic warfare systems. In May, Defense News that the Pentagon is spending millions on developing new electronic warfare systems and technology to evade GPS jamming.

Persons: —, Mike Nagata, Nagata, they've, Valery Zaluzhnyi, Mark Cancian, Grant Shapps Organizations: Service, US Army, Business, Russia, US, Defense News, Pentagon, Center for Strategic, International Studies, Department of Defense Locations: Russia, Ukraine, United States, Tampa , Florida, Europe

☆ Emirates, the powerhouse Middle Eastern airline, is giving staff a bonus of 20 weeks' pay after a blockbuster year
▼ + stars: | 2024-05-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Emirates reported record profits of $4.7 billion for the last fiscal year, marking a 60% increase. Eligible staff will receive a bonus worth 20 weeks of salary, local outlet The National reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEmirates announced on Monday record profits of 17.2 billion dirhams ($4.7 billion) for the last financial year. UAE based outlet The National reported that eligible staff will be paid a bonus worth 20 weeks of their salary, to be included in this month's payroll.

Persons: — Organizations: Emirates, Service, UAE, Business Locations: Dubai

☆ Money or talent? What's actually driving hedge funds to Abu Dhabi and Dubai
▼ + stars: | 2024-05-14 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Millennium, Brevan Howard, Schonfeld, and ExodusPoint are just a few of the funds that have put roots down in either Abu Dhabi or Dubai. Meanwhile, Bridgewater's Ray Dalio bought a penthouse in Abu Dhabi as he compliments the country's policies. When one US-based hedge fund fundraiser met with Abu Dhabi officials late last year, he didn't expect much to come of it. He lauded everything from the Louvre outpost in Abu Dhabi to the warm weather to the responsiveness from government officials. A Bloomberg story on Abu Dhabi notes that it's fast-tracking country-club admissions for new wealthy immigrants.

Persons: —, Brevan Howard, Schonfeld, Bridgewater's Ray Dalio, Austen Smart, Tighe, Smart, Alan Howard, Greg Coffey, Danny Yong, hoover, Doug Greenig, Morgan, Point72, Steve Cohen, Viking Global's Andreas Halvorsen, keynotes, Howard, Abu Dhabi, Craig Bergstrom, Bobby Jain's, Florin Court's Greenig, Abu, Floring Organizations: Service, United Arab Emirates, titans, Business, Tighe International, Florin Court Capital, Morgan Stanley's, Dubai Financial Services Authority, Abu, Abu Dhabi Investment Authority, Mubadala Investment Company, Corbin Capital, Abu Dhabi Global, Hong Kong, pats, Bloomberg Locations: Dubai, Abu Dhabi, London, New York, Mumbai, UAE, Asia, Switzerland, It's, Gaza, Iran, Palm, Europe, Cayman Islands, Jersey, Miami, San Franciso, Riyadh, Saudi

☆ Israel’s return to areas of Gaza it said were clear of Hamas raises doubts about its military strategy
▼ + stars: | 2024-05-13 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

CNN —The Israeli military has renewed its fighting in northern Gaza where it previously claimed to have dismantled Hamas’ command structure. The Israeli military also began operating in the area of Zeitoun in central Gaza, as it continues its offensive in eastern Rafah and near the Rafah crossing with Egypt. “Israel’s strategy is not a good one,” said Danny Orbach, a military historian at the Hebrew University of Jerusalem. Others say the re-emergence of Hamas “pockets” is not unusual, and that the Israeli military will have to keep re-entering areas in Gaza until no more fighters emerge. “This process will happen again and again,” Amir Aviv, former deputy commander of the Gaza Division of Israel’s military, told CNN, until all “pockets of resistance” are removed.

Persons: Israel’s, Biden, Antony Blinken, Blinken, Israel, Khan Younis, ” Blinken, Israel “, Dawoud Abo, ”, Danny Orbach, Netanyahu, Netanyahu “, ” Orbach, Phil, General Herzi Halevi, Tamir Hayman, Hayman, ” Amir Aviv, “ Organizations: CNN, CBS News, Israel, Dawoud Abo Alkas, Getty, Hebrew University of Jerusalem, Palestinian Authority, West Bank, Israel Defense Forces, Staff, Institute for National Security Studies Locations: Gaza, Palestinian, Zeitoun, Rafah, Egypt, Israel, United States, Rafah –, Washington, ”, Gaza City, Anadolu, East Jerusalem, Tel Aviv

☆ Army Officer Resigns in Protest of ‘Unqualified’ U.S. Support to Israel
▼ + stars: | 2024-05-13 | by ( John Ismay | ) www.nytimes.com time to read: +1 min

An Army officer assigned to the Defense Intelligence Agency has resigned in protest over the United States’ support for Israel, which he said had “enabled and empowered” the killing of Palestinian civilians. The officer, Maj. Harrison Mann, announced his resignation and explained his reasons for leaving the service in a post on the social media site LinkedIn on Monday. According to his biography on the site, he has specialized in the Middle East and Africa for about half of his 13-year career and previously served at the U.S. Embassy in Tunis. “The policy that has never been far from my mind for the past six months is the nearly unqualified support for the government of Israel, which has enabled and empowered the killing and starvation of tens of thousands of innocent Palestinians,” Major Mann wrote in the post, which noted that he had previously emailed his comments to co-workers on April 16. “This unconditional support also encourages reckless escalation that risks wider war.”

Persons: Harrison Mann, ” Major Mann, ” Organizations: Army, Defense Intelligence Agency, Israel, U.S, Embassy Locations: United States, East, Africa, Tunis, “, Israel

☆ Russia is surging across the frontlines, and Ukraine seems unable to stop it
▼ + stars: | 2024-05-13 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +6 min

First, and most acutely troubling, is the northern border near Kharkiv, Ukraine’s second city. Russian forces have crossed the border in multiple locations and claim to have seized nine villages. The town of Lyptsi is at risk, say some military bloggers, and from there Russian forces could hit Kharkiv with artillery. Netailove and Krasnohorivka slightly further south show Russian forces making further gains to the west of Avdiivka, and threatening another key hub – Pokrovsk. An evacuee arrives by bus at an evacuation point in Ukraine's Kharkiv region, on May 12.

Persons: ” “, ”, Vladimir Putin, Volodymyr Zelensky, Chasiv Yar, evacuee, Roman Pilpey, Putin, Sergei Shoigu, Andrey Belousov Organizations: CNN, Getty, Biden, National Security Council, Washington Locations: Ukrainian, Russian, Ukraine, Russia, Moscow, Kharkiv, Ukraine’s, Vovchansk, Lyptsi, Kyiv, Chasiv, Kramatorsk, Avdiivka, Donetsk, Verbove, Ukraine's Kharkiv, AFP, –, Europe

☆ Middle East Crisis Israel Observes a Solemn Memorial Day
▼ + stars: | 2024-05-13 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +4 min

Israel is observing Memorial Day, a somber annual commemoration that has taken on added significance this year in the aftermath of the Oct. 7 attack and the war it ignited. Roughly 1,200 people were killed and 250 taken hostage on Oct. 7, according to the Israeli authorities. “Memorial Day is always special in Israel, but this year will be even more intense.”For Israelis whose loved ones are still in Gaza, the day is particularly painful. On Monday evening, the Memorial Day observances will end and Israel will shift to celebrating the country’s 76th Independence Day. Her two children, Yagil and Or, were taken hostage on Oct. 7 and held in Gaza for weeks.

Persons: Benjamin Netanyahu, Israel’s, Mount, Herzi Halevi, ”, Eyal Brandeis, Brandeis, “, Goren’s, Avner, Nir Oz, Goren, Renana Gome, Gome’s, Yair, ” Ms, Gome, ” Johnatan Reiss Organizations: Monday, Palestinian Locations: Mount Herzl, Jerusalem, Israel, Gaza, Sufa, Ramat Gan, Tel Aviv

☆ Signs of softness in the labor market, CIO says
▼ + stars: | 2024-05-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSigns of softness in the labor market, CIO saysManpreet Gill, chief investment officer for Africa, the Middle East and Europe at Standard Wealth Management, discusses the outlook for the U.S. Federal Reserve's monetary policy.

Persons: Manpreet Gill Organizations: Standard Wealth Management, U.S, U.S . Federal Locations: Africa, East, Europe, U.S .

☆ Neom's push for foreign investment is getting trickier after allegations of Saudi brutality
▼ + stars: | 2024-05-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Saudi Arabia needs foreign businesses to help it realize its Neom megacity project. The BBC reported that Saudi officials were given a license to use lethal force to clear land. But underneath the image is a far darker reality, say campaigners, which could threaten the foreign cash and expertise Saudi Arabia needs to realize its ambitions. Though his decision took place in 2022, it was given new urgency by a whistleblower giving more detail on how Saudi officials may have acted. Amnesty International said businesses ought to be wary of doing deals in Saudi Arabia and called for UK officials to push for an independent investigation into the Neom land clearances.

Persons: —, Malcolm Aw, Col Rabih Alenezi, Dana Ahmed, Mohammed bin Salman, Jamal al, Neom Organizations: BBC, Saudi, Service, UN, Telegraph, Amnesty International, Amnesty, Politico, The Atlantic Council, Business Locations: Saudi Arabia, Saudi

☆ Middle East Crisis U.N. Says About 300,000 Gazans Have Fled Rafah
▼ + stars: | 2024-05-12 | by ( Mike Ives | ) www.nytimes.com time to read: +3 min

There has been intense bombardment and fighting around Rafah since Monday, when Israel seized control of the Gaza side of the Rafah border crossing with Egypt, largely halting the flow of aid. Dozens of people have been killed by Israeli strikes in Rafah since then, local health officials say. Israeli warplanes dropped leaflets over parts of Rafah and over a part of northern Gaza on Saturday that ordered people to flee. “Forcing civilians to evacuate Rafah to unsafe zones is intolerable,” Josep Borrell Fontelles, the European Union’s top diplomat, wrote late Saturday on the social media platform X. Several countries and international aid groups have condemned the prospect of a full-scale Rafah invasion, saying it would be catastrophic for civilians.

Persons: Gazans, Israel, ” Josep Borrell Fontelles, Biden Organizations: United Nations, Rafah Indonesian Field Hospital Locations: Gaza, Rafah, Egypt, Al, Israel, United

☆ The restaurant stocks that are killing it in this market have one thing in common
▼ + stars: | 2024-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC

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