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☆ The Threat of More War
▼ + stars: | 2024-08-01 | by ( Vivian Nereim | ) www.nytimes.com time to read: +1 min

Yesterday, Iran and Hamas accused Israel of killing Ismail Haniyeh, one of the most senior leaders of Hamas, while he was in Tehran. (Haniyeh was Hamas’s lead negotiator in cease-fire talks to end the Gaza war, which began with the Oct. 7 attacks.) And the groups themselves say they do not want a wider regional war. (Hamas has said it wants a wider war, but it is depleted from nearly 10 months of conflict in Gaza.) That’s why, in the span of a few months, Israeli bombs have hit Lebanon, Syria, Iran and Yemen.

Persons: amity, Israel, Ismail Haniyeh Organizations: United, Diplomats Locations: East, Iran, Saudi Arabia, Tehran, United Arab Emirates, Iranian, Gaza, Yesterday, Beirut, Lebanon, Syria, Yemen, It’s

☆ Palestinian homes were destroyed ‘for revenge,’ says Israeli soldier who served in Gaza
▼ + stars: | 2024-08-01 | by ( Ami Kaufman | Bianna Golodryga | ) edition.cnn.com time to read: +12 min

At least 1,200 people were killed, and more than 250 others abducted in the assault, according to Israeli authorities. Israeli military action in the strip has killed nearly 40,000 Palestinians and injured over 90,000, according to Gaza’s Ministry of Health. A view of destruction in Khan Younis, in southern Gaza, on December 17, 2023, after weeks of Israeli bombardment. Mahmud Hams/AFP/Getty Images/File‘We don’t care enough’ about Palestinian livesThe war in Gaza has caused widespread material destruction to homes, infrastructure, hospitals and schools. “We’ve seen a lot of destruction that was not necessarily related to military reasons.

Persons: Yuval Green, Green, –, I’m, ” Green, …, ’ Green, Khan Younis, ”, “, Khan Younis …, We’re, Mahmud Hams, “ We’ve, Ahmad Hasaballah, ” “, ‘ I’m, Israel’s, Menahem Kahana, I’ve, Organizations: CNN, Israel Defense Forces, Hamas, Gaza’s Ministry of Health, United Nations, West Bank, Getty, IDF, ” CNN, Military, Investigation Locations: Gaza, Israel, Israeli, Khan, AFP, “, Rafah, Palestine

☆ Apple's earnings beat puts it on sure footing ahead of next month's AI iPhone launch
▼ + stars: | 2024-08-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

However, the expected AI-driven boom in new iPhone sales does represent a clear positive catalyst on the near-term horizon. Products iPhone sales were down slightly in the quarter. Services All-time revenue record, with an all-time record set in developed markets and a June quarter record set in emerging markets. Services are expected to grow at a double-digit rate similar to the rate seen in Apple's fiscal 2024 first quarter. A person poses holding the original iPhone and the new iPhone 15 outside the Fifth Avenue Apple Store in New York City ahead of the launch of Apple’s new iPhone 15, Sept. 22, 2023.

Persons: Apple, iPhones, Tim Cook, we're, Luca Maestri, AirPods, Maestri, Cook, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, Apple Intelligence, . Research, MacBook Air, iPad, Apple Watch, Services, CNBC, Getty Locations: Greater China, China, Spain, Poland, Mexico, Indonesia, Philippines, New York City

☆ Stock market today: Indexes tank as data paints a negative picture for the economy
▼ + stars: | 2024-08-01 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +2 min

US stocks nosedived on Thursday after several discouraging economic data points. The ISM manufacturing index dropped from 48.5% in June to 46.8% in July, marking an eight-month low. Investors are pricing in a 100% chance of Fed rate cuts in September, according to the CME FedWatch tool. Meanwhile, new data shows ISM manufacturing slid further into contraction territory in July. Jensen Huang just got $12 billion richer in a single day as Nvidia's stock soared on Wednesday.

Persons: —, Jerome Powell, Jensen Huang Organizations: Service, Reuters

☆ Why Ukraine May Not Use New F-16s in Frontline Attacks
▼ + stars: | 2024-08-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Officials later confirmed to the Associated Press that some F-16s were indeed in Ukraine. AdvertisementThis means Ukraine may not use its F-16s for the frontline offensives it would prefer, according to military experts and Ukraine's top general. Peter Layton, a fellow at the Griffith Asia Institute who served in Australia's air force, said Ukraine would have to be cautious. He said its small number of aircraft and few pilots would mean Ukraine has to prioritize avoiding losses, so it can fly the F-16s as long as possible. Ukraine also faces challenges when it comes to logistics around the F-16s.

Persons: —, Netherlands —, Peter Layton, Justin Bronk, Gen, Oleksandr Syrskyi, Marina Miron, Volodymyr Zelenskyy Organizations: Service, Bloomberg, Associated Press, NATO, Business, Times, Griffith Asia Institute, Russian, Royal United Services Institute, Guardian, War Studies Department, King's College London, Department of Defense, Politico, Washington Post, Reagan Locations: Ukraine, — Belgium, Denmark, Norway, Netherlands, London, Russia, Col, Ukrainian

☆ Hamas leader Ismail Haniyeh was killed in Iran by bomb planted months before blast, source says
▼ + stars: | 2024-08-01 | by ( Jeremy Diamond | Rob Picheta | ) edition.cnn.com time to read: +7 min

Iranian state media and Hamas previously indicated that Haniyeh was killed by a rocket fired from outside the building in which he was staying. An image published by the New York Times shows the building where Haniyeh is believed to have been assassinated. He had a full schedule of public appearances and meetings before he was assassinated, according to Iranian state media press reports. Haniyeh was first pictured on Tuesday, before the inauguration, meeting with Iranian Supreme Leader Ayatollah Ali Khamenei. Afterwards, Iranian state media published images of Haniyeh meeting with Iran’s new President Masoud Pezeshkian.

Persons: Ismail Haniyeh, Haniyeh, Israel, Haniyeh’s, Ayatollah Ali Khamenei, Masoud Pezeshkian, IRNA, Iran’s, “, Muhammad ibn Abd al, Umm, Abed, ”, Fu’ad Shukr, Hassan Nasrallah, Nasrallah, Shukr, Mustafa Badreddine, Israel’s, Daniel Hagari, ” Hagari, Magen David Adom, –, Mohammed Deif, Deif, Khan Younis, CNN’s Mostafa Salem, Tamara Qiblawi, Kareem Khadder, Tamar Michaelis, Tim Lister, Eyad Kourdi, Paul P, Murphy Organizations: Israel CNN, CNN, The New York Times, Hamas, Islamic Revolutionary Guard Corps, New York Times, Iranian, Islamic, Assembly, Israel Defense Forces, IDF, MDA, Kibbutz, Thursday Locations: Haifa, Israel, Tehran, Doha, Iran, Qatari, Wahhab, Lusail city, Beirut, Lebanon, Golan, Yemen, Syria, Haniyeh, Kibbutz Afek, Al, Gaza, Qatar’s

The Israeli announcement confirming the death of Mr. Deif, the leader of Hamas’s military wing, came as thousands of mourners attended the funerals of another Hamas leader and a Hezbollah commander whose assassinations this week have amplified fears of a wider regional war. Mr. Deif was killed in an Israeli airstrike on a compound in southern Gaza on July 13, according to the Israeli military. It said his death had been confirmed by an intelligence assessment, but did not provide further details. 2 Hamas leader in Gaza, he would be the group’s most senior military leader slain by Israeli forces during the offensive in Gaza that has also killed more than 38,000 people, according to the territory’s health officials. Israel began its campaign in the enclave after a Hamas-led attack on southern Israel on Oct. 7, during which 1,200 people were killed and about 250 abducted to Gaza.

Persons: Muhammad Deif, Deif, Israel Organizations: Hamas Locations: Israel, Iranian, Gaza

☆ Iran has no good options after two deadly strikes on senior allies
▼ + stars: | 2024-07-31 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +6 min

ET) in Tehran, will dictate what comes next, as Iran looks to present a narrative that justifies and fashions its response. Iran's Supreme Leader Ayatollah Ali Khamenei is seen with Haniyeh -- hours before his assassination. There is no shortage of furious rherotic the day after the strikes, but there is no easy route for Iran. Iran has also tried an unprecedented direct all-out attack on Israel before, in April, after senior IRGC commanders were killed in an Israeli strike on Damascus. In short, the 300 drone and missiles fired - straight from Iran at Israel - just didn’t get through.

Persons: Ismail Haniyeh, Haniyeh, Israel, Ayatollah Ali Khamenei, Mohsen Fakhrizadeh, Qasem Suleinami, rherotic, Ahmad Al, Ali Khamenei’s, “, Masoud Pezeshkian, group’s, Fuad Shukr Organizations: CNN, Revolutionary Guards, Iran's Locations: Iran, Tehran, Israel, Beirut, Lebanon, Golan, Quds, Damascus

☆ With a NATO war and Ukraine's knack for shooting down planes in mind, Russia is holding back its airpower and most advanced jets
▼ + stars: | 2024-07-31 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +13 min

Read previewRussia has kept much of its airpower and some of its most advanced aircraft out of the war in Ukraine. But Baum and other air warfare experts have warned Russia's air force should not be underestimated and cautioned that NATO should be ready. AdvertisementRussia's air force is weaker than NATO's airpower, but Russia's war in Ukraine shows it can still cause a lot of damage. Russia's air force has suffered high attrition rates from Ukraine's ground-based air defenses when operating in the country. Related storiesHe said that Russia "has a lot of trouble replacing lost advanced aircraft," only making a few a year.

Persons: —, John Baum, Su, Andrew Curtis, Curtis, Michael Clarke, Christopher Cavoli, it's, Clarke, Evelyn Hockstein, Baum, Peter Layton, Layton, Volodymyr Zelenskyy, Jens Büttner, Russian Sukhoi Su, Nicola Marfisi, Russia's, There's, Sukhoi Su, Aleksey Nikolskyi, REUTERS George Barros, Jake Epstein, Gustav Gressel, Tim Robinson, Russia's Su, Robinson, Mads Claus Rasmussen, Ritzau Scanpix Organizations: Service, NATO, Mitchell Institute, US Air Force, Business, UK Ministry of Defense, Russian Air Force, Royal Air Force, REUTERS, Ukraine, Griffith Asia Institute, Royal Australian Air Force, Russian, Getty Images Air, Getty Images, it's, Sukhoi, Sputnik, European Council, Foreign Relations, UK's Royal Aeronautical Society, Getty Locations: Russia, Ukraine, Europe, Washington, NATO, Russian Sukhoi, Ukrainian, Moscow, Kremlin, AFP

☆ 'Pulsating' mechanized assaults in Ukraine may reflect the limit of Russia's offensive abilities, war analysts say
▼ + stars: | 2024-07-31 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Conflict analysts say these armored assaults are constrained to specific areas and may reflect the limits of Moscow's offensive power and inability to execute a large-scale, multi-directional offensive operation. AdvertisementThese "periodic and pulsating Russian mechanized assaults likely represent the extent of Russia's current offensive capacity, and Russia is unlikely to mount a distinct new summer offensive operation due to material and manpower constraints," the analysts wrote in an assessment on Wednesday. Photo by Diego Herrera Carcedo/Anadolu via Getty ImagesThe analysts said Russia has struggled throughout the war to stage multiple large-scale offensive operations simultaneously. In late June, ISW noted that "Russian forces continue to prioritize gradual advances through consistent grinding assaults over operationally significant gains through rapid maneuver." The analysts said that Russia aims to "win a war of attrition against Ukrainian forces," exhausting its manpower and materiel.

Persons: —, Diego Herrera Carcedo, John Kirby, Ukraine —, Russia's, Kirby, Vladimir Putin's, ISW Organizations: Service, Business, Institute for, Getty, Ukraine's, White House National Security Council, Ukrainian Locations: Ukraine, Donetsk, Moscow, Russia, Toretsk, Anadolu, Kharkiv, Ukrainian, Russian

☆ A deadly Houthi attack on Tel Aviv is forcing Israel to rethink its drone defenses
▼ + stars: | 2024-07-31 | by ( Paul Iddon | ) www.businessinsider.com time to read: +12 min

Read previewThe Houthis' unprecedented July 19 drone attack against Tel Aviv from Yemen caught Israelis by surprise, piercing the country's battle-tested defenses and exposing vulnerabilities that the Yemen-based rebels were ready and willing to exploit. "This confirms that technology alone, even for one of the most advanced air defense systems in the world, is not enough to provide effective protection," Borsari said. "Firstly, the advanced Houthi drone was launched for the first time, following an atypical flight path that likely caught the Israelis off guard," Khoueiry told BI. Houthi Media Center via Getty Images'A more cunning approach'Following the deadly attack, the Israeli military promptly increased air patrols to protect Israeli airspace. "This means integrating low-tier air defense capabilities at scale, combining different types of effectors with an eye on cost-effectiveness," Borsari said.

Persons: —, Federico Borsari, Israel, Samad, Borsari, Freddy Khoueiry, RANE, Khoueiry, Yemen's, Sebastien Roblin, Roblin, harry IDF, CEPA's Borsari, Dome's Tamir, Tamir, RANE's Khoueiry Organizations: Service, Tel, Center for, Business, Eritrean, Technology, Houthi Media, Getty, Hodeidah, Red Sea, BI, Jordanian, US Navy, Navy Locations: Tel Aviv, Yemen, Red, Israel, Jordan, Egypt, Saudi Arabia, East, North Africa, Eilat, Iran, Gulf of Aden, Gaza, Eritrea, Sudan, Saudi

☆ Siemens Healthineers expects to return to growth territory in China in fourth quarter, CFO says
▼ + stars: | 2024-07-31 | 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 EmailSiemens Healthineers expects to return to growth territory in China in fourth quarter, CFO saysJochen Schmitz, CFO of Siemens Healthineers, discusses the German healthcare firm's latest round of earnings.

Persons: Jochen Schmitz Organizations: Siemens, Siemens Healthineers Locations: China

☆ Killing of Hamas leader leaves Gaza ceasefire hopes dangling by a thread
▼ + stars: | 2024-07-31 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

CNN —The assassination of the political leader of Hamas has plunged the Middle East into fresh crisis and dented already slim hopes of an end to the war between Israel and the militant group that rules Gaza anytime soon. Here’s what the killing of the Hamas and Hezbollah leaders means for the Gaza war and the region. “Netanyahu has systematically sabotaged ceasefire talks because ending the war will likely end his political career,” said Trita Parsi of the Quincy Institute, a US-based foreign policy think tank, in a post on X. A faltered negotiation process also extends the risk to the lives of the remaining hostages in Gaza. “This is the time for a deal.”There are 111 hostages still in Gaza, including 39 believed to be dead, according to data from Netanyahu’s office.

Persons: Israel, Ismail Haniyeh, Haniyeh, ”, Yahya Sinwar, Mohammed bin Abdulrahman, Benjamin Netanyahu, –, “ Netanyahu, “, Netanyahu, Jalaa Marey, Gershon Baskin, Baskin, ” Baskin, Gaza’s, Anwar, Antony Blinken, Biden, ” Hellyer, CNN’s Becky Anderson Organizations: CNN, Hamas, Quincy Institute, Palestinian, Getty, Families, Anwar Amro, Hellyer, Carnegie Endowment, International Peace, Royal United Services Institute for Defense, Security Studies, Israel Locations: Israel, Gaza, Tehran, Iran, Beirut, Golan, Qatar, Egypt, Mohammed bin Abdulrahman Al, Thani, Doha, US, Karmiel, AFP, Beirut's, United States, London

☆ The complex emotions of the Olympic Games on full display after Aussies’ epic battle in the pool
▼ + stars: | 2024-07-30 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +4 min

Last month, it was Titmus beating O’Callaghan’s world record in the race at the Australian Olympic Trials. Finishing with a time of 1:53.27, O’Callaghan topped Titmus’ Olympic record from the Tokyo Games three years ago. “And I know what it’s like to be an Olympic champion and I’m honestly happy for Mollie and I’m really happy to be on the podium. I’m the Olympic champion forever in the 200 and in the 400, and I gave it everything and I don’t actually know why I’m crying. “I’m really happy with silver.

Persons: Paris CNN —, Mollie O’Callaghan, ”, O’Callaghan, Titmus, “, ” O’Callaghan, “ I’ve, I’ve, I’m, Mollie, “ I’m, it’s, It’s, Katie Ledecky Organizations: Paris CNN, La Défense, Australian, “, Tokyo Games, Games Locations: Australia, Paris

☆ Hong Kong Taunts Italy With Pineapple Pizza After Olympics Fencing Win
▼ + stars: | 2024-07-30 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: 1 min

Losing an Olympic fencing title bout to the champion from Hong Kong was difficult enough for the Italian. Then came the pizza slander. Cheung Ka Long’s triumph over Filippo Macchi of Italy in the gold medal bout in men’s foil on Monday has led to a sour fallout that has spilled off the fencing strip: Pizza Hut’s Hong Kong and Macao branch has offered free pineapple toppings on its pies as fans on social media praised the combination widely shunned by the losing side. “All Hong Kong people are very happy and excited today!” the branch said in a Facebook post on Tuesday announcing the offer, adding it was also celebrating a bronze medal the Chinese territory had won on Monday, in the women’s 200-meter freestyle.

Persons: Cheung Ka, Filippo Macchi Locations: Hong Kong, Italy, Macao

☆ France Aligns With Morocco on Western Sahara, Angering Algeria
▼ + stars: | 2024-07-30 | by ( Aida Alami | Aurelien Breeden | ) www.nytimes.com time to read: +1 min

France has backed a plan for the autonomy of the long-disputed Western Sahara territory under Moroccan sovereignty, a diplomatic shift that immediately provoked condemnation from Algeria, a former French colony and Morocco’s rival in the region. In a letter to King Mohammed VI of Morocco that was made public on Tuesday, President Emmanuel Macron of France said that Morocco’s plan was “the only basis for achieving a just, lasting and negotiated political solution in accordance with the resolutions of the United Nations Security Council.”That was a notable departure from France’s prior position. The French authorities previously argued that Morocco’s plan for autonomy, which was put forward in 2007, was a “serious and credible” basis for discussion, but not the only one. Excerpts from Mr. Macron’s letter, which were sent to the king on the 25th anniversary of his ascension of the throne, were made public on Tuesday by Mr. Macron’s office.

Persons: King Mohammed VI of, Emmanuel Macron Organizations: United Nations Security Council Locations: France, Sahara, Algeria, French, King Mohammed VI of Morocco

☆ Ukraine says Russian cruise missile submarines are out in force as its Black Sea surface fleet falls back
▼ + stars: | 2024-07-30 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewThe Russian navy has simultaneously deployed three of its cruise missile submarines in waters within the general Black Sea area, Ukraine's navy says. Referencing surface ship losses, he said that Russia's Black Sea Fleet has been "called a submarine fleet," adding that "now, it's true." Coupled with the drone boat attacks, these triggered the withdrawal of the Black Sea Fleet to other bases in the area. SBULacking a traditional naval force able to compete with Russia's Black Sea Fleet, Ukraine has relied on drone boats and missiles to defeat Russian ships in the Black Sea. AdvertisementCountering the serious threat posed by Russian cruise missile submarines operating in the region is a more difficult challenge than targeting and engaging surface ships.

Persons: —, Dmytro Pletenchuk, Pletenchuk, Lloyd Austin Organizations: Service, Sea Fleet, Business, Facebook, Fleet, EG, Kilo, Getty Images, Russian, Black, US Locations: Russian, Crimea, Russia, Ukrainian, Azov, Rostov, Ukraine, Novorossiysk, STRINGER, Sevastopol, Russia's

☆ Russia creeps toward key eastern Ukrainian supply city
▼ + stars: | 2024-07-30 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +4 min

CNN —Russian forces are inching toward the strategically important city of Pokrovsk in eastern Ukraine, threatening a vital Ukrainian supply line as Moscow continues its slow, grinding offensive. Russia has been stretching Ukrainian defenses across the entire eastern front line for months, trying to capture as much territory as possible before new Ukrainian recruits and fresh batches of Western weapons start arriving on the battlefield. Ukrainian President Volodymyr Zelensky acknowledged the difficult situation in his nightly address to the nation on Sunday, saying Ukrainian troops were facing “extremely challenging” realities in that area. But it serves as a key hub for the Ukrainian military, thanks to its easy access to Kostiantynivka, another military center. The Russian Defense Ministry said its forces captured the Ukrainian villages of Lozuvatske over the weekend and Vovche on Monday.

Persons: Volodymyr Zelensky, ” Zelensky, Vladimir Putin, Anatolii Stepanov, Svitlana Vlasova, Eve Brennan Organizations: CNN, Russian Defense Ministry, Ukrainian Armed Forces, Residents, Getty Locations: Pokrovsk, Ukraine, Moscow, Russia, United States, Avdiivka, Dnipro, Luhansk, Donetsk, Kostiantynivka, Lozuvatske, Kyiv, AFP

☆ What’s happening in Venezuela - protests, election uncertainty and an economic crisis
▼ + stars: | 2024-07-30 | by ( Jessie Yeung | ) edition.cnn.com time to read: +10 min

CNN —Venezuelans across the country took to the streets on Monday to protest a disputed election, clashing with police as uncertainty swirls around the results amid allegations of election fraud. Venezuelan President Nicolás Maduro after the presidential election results were announced in Caracas on July 29, 2024. Though Maduro supporters celebrated his win in parts of Caracas, Monday was marked by wider protests by the opposition. Many regional and world leaders have cast doubt on the results, including the United States – though some of Venezuela’s partners have stood by Maduro. Once the fifth-largest economy in Latin America, Venezuela has experienced the worst economic collapse of a peacetime country in recent history.

Persons: Nicolás Maduro, Maduro, –, Juan Barreto, Hugo Chávez, Edmundo Gonzalez, Maria Corina Machado, Matias Delacroix, Gonzalez, Machado, António Guterres, Molotov, Samir Aponte, ”, “, Antony Blinken, Maduro’s Organizations: CNN, Sunday, Getty, AP, Officially, Electoral Council, CNE, The Carter, United Nations, Reuters, Police, Washington, Venezuela –, European Union Locations: Venezuelan, Caracas, AFP, Venezuela, Charallave, Chile, Spain, Puerto La Cruz, United States, United Kingdom, Argentina, Costa Rica, Peru, Panama, Dominican Republic, Uruguay, China, Cuba, Iran, Russia, Latin America

Smoke billows from the area of an Israeli air strike on the southern Lebanese village of Khiam near the border with Israel on March 23. RabihIsrael and Hezbollah have been trading rocket fire on a near-daily basis with increasing ferocity since Hamas’ October 7 attacks on Israel. Following Saturday’s strike on the soccer field, Israeli warplanes conducted airstrikes against Hezbollah targets “deep inside Lebanese territory” and along the border overnight Sunday, according to the military. Yesterday, Israeli Prime Minister Benjamin Netanyahu convened an emergency security cabinet meeting, and members “authorized the Prime Minister and the Minister of Defense to decide on the nature of the response against the terror organization Hezbollah, and on its’ timing,” according to the Prime Minister’s Office. Israeli officials have blamed Hezbollah for the strike and vowed to retaliate, while the Lebanese militant group has denied responsibility.

Persons: Rabih, Israel, – Sami Taleb Abdullah, Muhammed Neamah Naser –, Benjamin Netanyahu, “ Organizations: Defense, Hezbollah Locations: Lebanese, Khiam, Israel, Rabih Israel, Gaza

☆ Oil prices rise on fears of wider Middle East conflict after rocket strike in Golan Heights
▼ + stars: | 2024-07-29 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose on Monday, paring last week's loss, on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah. Brent crude futures gained 20 cents, or 0.3%, to $81.33 a barrel at 0010 GMT. Last week, Brent lost 1.8% while WTI fell 3.7% on sagging Chinese demand and hopes of a Gaza ceasefire agreement. On Sunday, Israel's security cabinet authorized Prime Minister Benjamin Netanyahu's government to decide on the "manner and timing" of a response to the Saturday's rocket strike in the Golan Heights that killed 12 teenagers and children. That conflict has spread to several fronts and risks spilling into a wider regional conflict.

Persons: paring, Brent, Benjamin Netanyahu's, Toshitaka Tazawa, Baker Hughes Organizations: . West Texas, Hamas, Fujitomi Securities Locations: Golan, Israel, United, Gaza, Iran, Lebanon, China

☆ Sotheby’s expands Hong Kong footprint with cavernous new exhibition and retail space
▼ + stars: | 2024-07-29 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

CNN —A fossilized mammoth skull, centuries-old ceramics and Banksy’s famous self-shredding painting are among hundreds of high-value collectibles on show at Sotheby’s ambitious new retail outpost in Hong Kong. With younger collectors seemingly in mind, items on the first floor range in price from 5,000 to 50 million Hong Kong dollars ($640 to $6.4 million). The venture is the latest signal that major auction houses still consider Hong Kong to be their long-term hub in Asia. In June, Hermès also unveiled its expanded retail space in the neighborhood. It has simultaneously sought to grow its footprint in Hong Kong — not only with its newly unveiled Maison, but also a nearby 36,000-square-foot regional headquarters, due to open later this year.

Persons: Maison, Hong Kong, Art Basel’s, Isaac Lawrence, Louis Vuitton, Hermès, Sotheby’s, Patrick Drahi, Hong Kong —, Christie’s, Zaha Hadid’s, Phillips, Bonhams, Nathan Drahi Organizations: CNN, Hong Kong, UBS, Art, Art Basel, Getty, PricewaterhouseCoopers, Louis, Sotheby’s Locations: Hong Kong, Central, Asia, China, Hong, Hong Kong's Central, AFP, London, Singapore, Shanghai, Sotheby’s, Sotheby’s Asia, Paris, New York

☆ Netanyahu Vows ‘Severe’ Response to Deadly Rocket Attack Tied to Hezbollah
▼ + stars: | 2024-07-29 | by ( Isabel Kershner | Euan Ward | ) www.nytimes.com time to read: +1 min

Tensions were high on both sides of the Israeli-Lebanese border on Monday as Israeli leaders vowed to deliver a significant military blow against the armed group Hezbollah in response to a deadly rocket attack over the weekend. The attack on Saturday killed 12 children and teenagers in the Druse Arab village of Majdal Shams in the Israeli-controlled Golan Heights. Hezbollah, an Iran-backed militia that dominates southern Lebanon and that has been firing rockets into Israel for months, denied responsibility for the strike. But Israel and the United States blamed the group, saying it was Hezbollah’s rocket that had been fired from territory it controls. Hezbollah began firing rockets, antitank missiles and drones into Israel in solidarity with Hamas after that group, which is also backed by Iran, led the deadly Oct. 7 attack on southern Israel.

Persons: Majdal Shams, Benjamin Netanyahu, Mr, Netanyahu, Netanyahu’s, Yoav Gallant, Israel’s Organizations: Saturday Locations: Lebanese, Majdal, Golan, Iran, Lebanon, Israel, United States, ”

☆ Biden administration announces new $1.7 billion lethal aid package for Ukraine
▼ + stars: | 2024-07-29 | by ( Michael Conte | ) edition.cnn.com time to read: +2 min

CNN —The Biden administration announced on Monday a new lethal aid package for Ukraine totaling about $1.7 billion and largely consisting of missiles and ammunition for missile, artillery and air defense systems the US has previously provided to Ukraine. The administration says this is their 20th “USAI package and sixty-second tranche of equipment to be provided from DoD inventories for Ukraine and since August 2021,” according to the release. The USAI package includes missiles for Ukraine’s National Advanced Surface-to-Air Missile Systems (NASAMS), a key air defense platform. It also includes ammunition for Ukraine’s High Mobility Artillery Rocket System (HIMARS), a weapons platform that Ukraine has recently been using to strike effectively in Russian territory. The package also includes artillery ammunition, one of Ukraine’s top requests.

Persons: CNN —, Antony Blinken, ”, Biden, ” Blinken Organizations: CNN, Biden, Ukraine Security Assistance Initiative, Defense Department, The Defense Department, US Department of Defense, Authority, Air Missile Systems, Ukraine’s High Mobility Artillery Locations: Ukraine, United States

☆ What is the Golan Heights and who are the Druze?
▼ + stars: | 2024-07-28 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +5 min

CNN —Tensions between Israel and the Lebanese militant group Hezbollah have reached new heights in the wake of a deadly rocket attack in the Israeli-occupied Golan Heights. Here’s what to know about the Golan Heights, and the religious and ethnic Druze minority that fell victim to the attack. What is the Golan Heights? More than 20,000 Druze live in the Golan Heights. Druze of the Golan Heights share the territory with around 25,000 Jewish Israelis, spread across more than 30 settlements.

Persons: Majdal Shams, Israel, Donald Trump, Israel’s, Golan, Jalaa Marey, Law, ” Organizations: CNN, Hezbollah, United Nations, UN, Golan Regional Council, Regional Council, UN Human Rights, Getty, Nation Locations: Israel, Lebanese, Golan, Majdal, Iran, Syria, Jordan, Lebanon, Syria’s, Damascus, Gaza, Egypt, Syrian, Majdal Shams, AFP, ”, Carmel, Galilee, Israel’s

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