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JERUSALEM, May 1 (Reuters) - Israeli parties have made no progress towards a compromise over the government's bitterly disputed judicial overhaul package after a month of meetings, Benny Gantz, head of the largest opposition party, said on Monday. The government says the overhaul is needed to rein in activist judges and restore balance between parliament and the courts. However, Gantz, defence minister in the previous government, said the talks were "not really progressing on any of the issues". Opponents say the proposals would remove vital checks and balances and give Prime Minister Benjamin Netanyahu's nationalist-religious coalition free rein, threatening minority rights and undermining Israel's democratic foundations. An Israeli Channel 13 poll on Sunday showed that only 8% of Israelis want the judicial overhaul to be the government's top priority.
Sifting through the flood of financial reports this week, Goldman Sachs analysts have named a slew of stocks poised for more growth ahead. Constellation Brands Shares of the beer and wine maker are just too attractive to ignore, the firm said. Braze "Long-term fundamentals are intact," analyst Gabriella Borges said of the cloud software marketing company. Braze shares are up more than 7% this year, after coming off of a better-than-expected fiscal fourth-quarter report . Importantly, the company raised its full year outlook at the high end of prior range, with ~8% net sales growth and ~11% adj.
And weakens the pillars that hold our nation together,” Israel’s President Isaac Herzog warned this week in a speech to Jewish groups. The legislation has plunged Israel into the largest and longest protest movement in the country’s history. Frozen peace processBut as Israel celebrates 75 years since its founding with fanfare, Palestinians mark the same event with mourning. It was during the Jewish state’s creation that more than 700,000 Palestinians were forced to flee their homes in what is now Israel. “This is the end of the era of limited conflicts,” Gallant told reporters, according to the Times of Israel.
Inside Qatar’s ‘city of the future’
  + stars: | 2023-04-24 | by ( Ulrike Lemmin-Woolfrey | ) edition.cnn.com   time to read: +8 min
Like others, it has moved from the capital Doha to this, Qatar’s newest city – 10 miles north. Andrej Isakovic/AFP/Getty ImagesLusail claims to be Qatar’s first sustainable city – no easy task for a newbuild in the desert. There’s an extensive choice from food trucks at the Lusail Marina Food Arena, abundant cafes, and fine dining restaurants.”A sprawling city of the futureThe Marina area is fast proving a hit for residents. Al Tara – the district, by Al Maha Island, where Warner lives – is home to the Lusail Marina. There is a rumor – as yet unsubstantiated – that Lusail might eventually become Qatar’s capital city.
Goldman Sachs is bullish on a heavyweight in the tobacco industry after a sharp sell-off. The firm reiterated a buy rating on Phillip Morris stock on Thursday, with a $120 per share price target. The company reported mixed earnings on Thursday , beating on adjusted earnings per share but coming up short on revenue. Philip Morris reported $8 billion in revenue against a Wall Street consensus of $8.1 billion. PM YTD mountain Shares of tobacco giant Philip Morris are heading higher in pre-market trading a day after a sharp sell-off.
Last month, as demonstrations across Israel convulsed politics in the Jewish state, Jewish Democrats in the House who have made up the bulwark of Israel’s support on their side of the aisle met privately with the country’s ambassador. Representative David Cicilline of Rhode Island, a self-described progressive, was particularly blunt. In meetings with liberal groups on and off Capitol Hill, where support for Israel has grown more tenuous by the month, he had always fallen back on what he called the shared democratic values of Israel and the United States, Mr. Cicilline told the ambassador, Michael Herzog. But the new far-right government in Jerusalem, with its efforts to undermine Israel’s independent judiciary and its inclusion of extremist politicians, was making even that plea “much, much more difficult,” Mr. Cicilline recounted in an interview. In the ensuing weeks, the strains between Israel and the Democratic Party, and particularly an American Jewish community that remains predominantly liberal, have only grown worse.
Noel Hanna, who had climbed Mount Everest 10 times, scaled the 8,091 metres (26,545 feet) Annapurna peak in west Nepal on Monday and died overnight in Camp IV after descending from the peak. He said an Indian climber, who fell into a crevasse on the lower reaches of Annapurna, has been missing since Monday. Two other Indian mountaineers, who were caught up in bad weather while climbing Annapurna, were being rescued, hiking company officials said. Annapurna peak in west Nepal, first climbed by Maurice Herzog of France in the early 1950s, is considered dangerous because of the risk of frequent avalanches. At least 365 people have climbed Annapurna and more than 72 have died on the mountain, according to hiking officials.
Moody's Investors Service on Friday lowered Israel's outlook to stable from positive while affirming its sovereign credit rating of "A1". The legislative push has sparked weeks of intensifying mass protests and Moody's said it reflected weaker institutions. This would "stop the deterioration of the Israeli economy," it said. Israel's economy grew 6.5% in 2022 but the Bank of Israel foresees 2.5% growth this year. On the heels of Moody's action, Israeli government bond prices were down as much as 1.1%, while Tel Aviv share indexes were down 0.2%.
While the upper house approved the government's 109 billion Swiss franc ($120.82 billion) contribution to the rescue package, parliament's lower, and larger chamber, later rejected it. Seeking a compromise, the upper house passed changes to the measure on Wednesday morning, which the lower house will vote on later in the day. As they returned on Wednesday, the upper house passed changes, which include a proposal for Switzerland's federal government to draft an amendment to the country's Banking Act. Its aim would be to reduce the risks posed by systemically relevant banks, such as Credit Suisse and UBS for Switzerland, by, for example, raising capital requirements and restricting bonuses. A shotgun marriage which saw Credit Suisse taken over by rival UBS (UBSG.S) for 3 billion Swiss francs and propped up with more than 250 billion Swiss francs in guarantees and support has drawn widespread criticism.
The lower house retrospectively rejected the rescue near midnight, with heated debates continuing into the early hours of Wednesday morning as members discussed other measures related to Credit Suisse. Earlier on Tuesday, Switzerland's upper house had approved the rescue, meaning the two chambers of the legislative body will vote again on Wednesday. A poll of Swiss economists found that nearly half thought the takeover of Credit Suisse by UBS was not the best solution, warning the saga had dented Switzerland's reputation. Politicians also questioned why the Swiss financial regulator was unable to prevent Credit Suisse's failure. There are also growing worries about jobs and in an open letter to parliament, the Swiss Bank Employees' Association said that Credit Suisse and UBS must freeze any cuts.
SummarySummary Companies Swiss upper house approved Credit Suisse rescueFrustration in Switzerland over use of state fundsLawmakers have protested, but cannot overturn dealBERN, April 11 (Reuters) - Switzerland's upper house of parliament voted on Tuesday after a heated debate to approve retrospectively the 109 billion Swiss francs ($120.5 billion) in financial guarantees used to rescue Credit Suisse (CSGN.S) last month. But 29 of Switzerland's 46-member Council of States upper house approved the measure. "The use of emergency law has reached a level in the last three years that is beginning to annoy me," Hansjoerg Knecht, a member of Parliament's upper house, said. Politicians also questioned why the Swiss financial regulator was unable to prevent Credit Suisse's failure. Eva Herzog asked during a speech to the upper house.
JERUSALEM—Calm returned to Israeli cities Tuesday and protests against Israeli Prime Minister Benjamin Netanyahu ’s judicial overhaul dispersed after the premier agreed to suspend the controversial plan and Israeli President Isaac Herzog offered to host compromise talks between the two sides. Hundreds of thousands of Israelis demonstrated on Sunday and Monday after Mr. Netanyahu fired his defense minister, Yoav Gallant, for calling to delay passing the first part of the government’s plan to weaken Israel’s judiciary. The country’s largest labor union had called a general strike that grounded flights and closed banks and government offices.
JERUSALEM—Israeli Prime Minister Benjamin Netanyahu ’s coalition met Tuesday night with opposition leaders to begin negotiations over a judicial overhaul plan after widespread protests that shook the country. Negotiating teams representing Mr. Netanyahu and the opposition began their first direct discussions over a plan to limit the power of Israel’s Supreme Court, sending representatives to Israeli President Isaac Herzog ’s residence, a spokesman for the president said.
A judicial overhaul plan pushed by Netanyahu's government sparked a major crisis in Israel. "The crisis was deferred, but definitely not resolved," a former US ambassador to Israel told Insider. Prime Minister Benjamin Netanyahu was forced to hit pause on a deeply controversial plan to overhaul the country's judiciary, but Israel's problems are far from over. One piece of the plan has already been passed into law, narrowing the circumstances under which a prime minister can be deemed unfit for office. Israeli Prime Minister Benjamin Netanyahu attends a voting session in the Knesset, the Israeli parliament, in Jerusalem, Israel on March 27, 2023.
TEL AVIV—Israel’s largest labor union on Monday announced a nationwide strike over Prime Minister Benjamin Netanyahu ’s controversial judicial overhaul plan, a move that would freeze large parts of the economy, grounding flights, closing malls and ports and leaving hospitals with skeleton crews. As the embers of the protest bonfires from Sunday night were being cleared, Israeli President Isaac Herzog urged Mr. Netanyahu to immediately halt the overhaul, calling on the coalition government to put aside political considerations for the sake of the nation.
TEL AVIV—Strikes and protests rocked Israel on Monday as the country’s president warned that a controversial judicial overhaul planned by the government threatened the economy and national security—raising doubts about the future of Prime Minister Benjamin Netanyahu ’s coalition. Israeli President Isaac Herzog urged Mr. Netanyahu to immediately halt the overhaul, calling on the coalition government to put aside political considerations for the sake of the nation.
Israeli president urges halt to judicial overhaul after protests
  + stars: | 2023-03-27 | by ( ) www.cnbc.com   time to read: +2 min
JERUSALEM - MARCH 27: Israelis, carrying Israeli flags and anti-government placards, gather outside the Knesset to protests against the Israeli government's plan to introduce judicial changes. President Isaac Herzog urged the government on Monday to halt its bitterly contested judicial overhaul, a day after Prime Minister Benjamin Netanyahu sacked his defence minister for opposing the move, sparking mass street protests. A day earlier, Gallant had made a televised appeal for the government to halt its flagship overhaul of the judicial system, warning that the deep split it had opened up in Israeli society was affecting the military and threatening national security. The judicial overhaul, which would give the executive control over appointing judges to the Supreme Court and allow the government to over-ride court rulings on the basis of a simple parliamentary majority has drawn mass protests for weeks. As well as drawing opposition from the business establishment, the project has caused alarm among Israel's allies.
[1/2] Fire burns as people attend a demonstration after Israeli Prime Minister Benjamin Netanyahu dismissed the defense minister and his nationalist coalition government presses on with its judicial overhaul, in Tel Aviv, Israel, March 27, 2023. Israel's Channel 12 TV reported Netanyahu would announce a halt to the overhaul at 10:30 a.m. (0730 GMT). "The law is balanced and good for Israel," Rothman said as the bill passed the committee stage. "We must not stop the judiciary reform and must not surrender to anarchy," he tweeted. The judicial overhaul, which would give the executive control over appointing judges to the Supreme Court and allow the government to over-ride court rulings on the basis of a simple parliamentary majority has drawn mass protests for weeks.
"Stop this judicial process before it is too late," Arnon Bar-David, Israel's Histadrut union leader, said in a televised speech, addressing Netanyahu directly. Protests have taken place across Israel for the last four months, sparked by anger at controversial judicial reforms pushed by Netanyahu's government, the most right-wing in Israel's history. The planned overhaul would significantly weaken the country's judiciary and make it harder to remove Netanyahu, Israel's longest-serving prime minister, from power. On Sunday, Netanyahu's office announced the dismissal of Defense Minister Yoav Gallant, who had opposed the motion, escalating protests. "We must all stand up strongly against refusals," Netanyahu said on Twitter around the time of the announcement, without directly referencing Gallant.
[1/5] Israeli Prime Minister Benjamin Netanyahu attends a meeting at the Knesset, Israel's parliament, amid demonstrations after he dismissed the defence minister as his nationalist coalition government presses on with its judicial overhaul, in Jerusalem, March 27, 2023. REUTERS/Ronen ZvulunJERUSALEM, March 28 (Reuters) - Prime Minister Benjamin Netanyahu paused his signature plan to overhaul Israel's judiciary after a day of nationwide turmoil when workers joined a general strike against the proposal and hundreds of thousands of protesters took to the streets. His dismissal by Netanyahu led thousands to take to the streets and Israel's President Isaac Herzog to urge a halt. An early rally in Israel's shekel currency fizzled out after Netanyahu suspended the overhaul with its eventual fate uncertain. While opposition parties gave a cautious welcome to Netanyahu's decision to suspend the overhaul to allow time to reach an agreement, many protesters remained mistrustful.
Israeli government lifts ban on return to West Bank settlements
  + stars: | 2023-03-21 | by ( ) www.reuters.com   time to read: +3 min
JERUSALEM, March 21 (Reuters) - The Israeli parliament on Tuesday paved the way for Jewish settlers' return to four settlements in the occupied West Bank by amending a 2005 law that ordered their evacuation, a move condemned by the Palestinian Authority and the European Union. The repeal of certain clauses in a previous disengagement law would allow Jewish residents to return to four West Bank settlements they were ordered to vacate in 2005 on condition of approval by the Israeli military. Since the 1967 war, Israel has established around 140 settlements on land Palestinians see as the core of a future state, where more than 500,000 settlers now live. Besides the authorized settlements, groups of settlers have built scores of outposts without government permission. "We call on Israel to revoke this law and take actions that contribute to de-escalation of an already very tense situation," an EU spokesperson said in a statement.
[1/5] An aerial view shows women wearing red clothes during a demonstration as Israeli Prime Minister Benjamin Netanyahu's nationalist coalition government presses on with its contentious judicial overhaul, in Tel Aviv, Israel, March 18, 2023. REUTERS/Oren AlonTEL AVIV, March 18 (Reuters) - Israelis packed city streets on Saturday in nationwide demonstrations now in their 11th week against plans by the hard-right government to curb the Supreme Court's powers, which critics see as a threat to judicial independence. Prime Minister Benjamin Netanyahu, who says his aim is to balance out branches of government, wields a parliamentary majority along with his religious-nationalist coalition allies but his planned judicial overhaul has sparked concern at home and abroad. "I'm here to demonstrate with the people of Israel, against the revolution, against the changing of our state," said Dalia Yosef, 72, also at the Tel Aviv demonstration. Reporting by Emily Rose, Rami Avichay, Akiva Gaffin Editing by Frances Kerry and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
JERUSALEM, March 16 (Reuters) - Jerusalem woke on Thursday to the sight of a long red line painted by protesters along roads leading to Israel's Supreme Court, hours after Prime Minister Benjamin Netanyahu rejected a compromise deal for his government's planned judicial overhaul. Drone footage showed a small group of people in protective suits spraying a wide red stripe along mostly deserted roads leading from a police and magistrate's compound up to the Supreme Court in central Jerusalem. A slogan stencilled in red onto the road in Hebrew, Arabic and English by the side of the road read: "Drawing the line." The hard-right government's drive to limit Supreme Court powers while increasing its own power in selecting judges has caused alarm in Israel and abroad about the country's democratic checks and balances as protests have swelled for weeks. His nationalist-religious coalition says the Supreme Court too often overreaches and intervenes in political matters it has no mandate to rule on.
Speaking alongside Netanyahu after talks in Berlin, Scholz said he hoped that a compromise on the reforms suggested by Israel's President Isaac Herzog was not off the table. Netanyahu visited Germany while protests erupted once again in Israel over the reforms by his far-right government that have triggered mass unrest in recent weeks. Netanyahu called criticism of the plans "absurd", assuring Scholz that "Israel will remain a liberal democracy". Netanyahu wanted the meeting with Scholz to focus on efforts to prevent Iran from obtaining nuclear weapons. Netanyahu, who is on trial for corruption charges that he denies, says the judicial changes will strengthen democracy and boost business.
Curbed published a blistering story about Tom Sachs, a Nike collaborator, this week. As long as companies have partnered with celebrities, some endorsement deals have run aground, said Coresight Research CEO and founder Deborah Weinswig. Longtime sportswear industry analyst Matt Powell, who recently founded Spurwink River, said endorsement deals are "fraught with peril." "I thought for a while that brands were moving away from real celebrity endorsements," he told Insider. "We're talking about a very, very small percentage of celebrities who get endorsement deals who have that halo effect," Herzog said.
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