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He accused Aqil and the commanders of planning to raid and occupy communities in Galilee in northern Israel. A photo taken in southern Beirut shows the remains of an exploded pager on Tuesday. Friday’s airstrike was the third Israeli airstrike on Beirut since hostilities began last year, after Hamas’ October 7 attack on Israel. In January, an Israeli airstrike killed Saleh Al-Arouri, deputy head of Hamas’ military wing, who had been living in Beirut. In July, a second Israeli strike on Beirut killed Hezbollah’s most senior military official, Fu’ad Shukr.
Persons: Lebanon CNN —, Ibrahim Aqil, Daniel Hagari, Aqil, Hagari, Witnesses, Friday’s, Hassan Nasrallah, Yoav Gallant, Shin, Gallant, Nasrallah, Israel, Saleh Al, Arouri, Hezbollah’s, Fu’ad Shukr, Benjamin Netanyahu’s Organizations: Lebanon CNN, Radwan Force, Israel Defense Forces, CNN, West Bank, Getty, Israel, US State Department, REUTERS, Hamas, CNN’s Locations: Beirut, Lebanon, Galilee, Israel, United States, Gaza, AFP
Gold set for weekly gain on Fed rate cut boost
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: +2 min
Gold lingered near record high levels on Friday and was on track for a weekly gain after the Federal Reserve's recent super-sized interest rate reduction and on signs that further cuts were on the horizon. Spot gold rose 0.2% to $2,592.17 per ounce, as of 0309 GMT, up about 0.6% for the week so far. Bullion rose to a record high of $2,599.92 on Wednesday after the Fed began easing monetary policy with a half-percentage-point rate cut. "Gold prices are expected to be well supported in the coming months due to a weaker U.S. dollar and lower bond yields, as well as against a backdrop of elevated geopolitical tensions," BMI said in a note. Spot silver rose nearly 1% to $31.09 per ounce and palladium gained 0.6% to $1,086.75.
Persons: Gold, Kyle Rodda Organizations: Federal, Fed, Capital.com, BMI Locations: Birmingham, England, Capital.com . Lower U.S, East, Lebanon, Israel, Lebanese, China, Switzerland
In a speech Thursday, Hezbollah leader Hassan Nasrallah condemned the twin attacks, calling them “massacres” that “crossed all the red lines” because the devices exploded in public areas, with civilians among those harmed. Though Hezbollah “suffered a major blow,” a “reckoning will come,” he added, and vowed the attacks would not bring the group down. The Hezbollah chief also warned Israel that fighting on the Lebanese front will not stop until hostilities end in Gaza. Hours later, Israel launched a barrage of strikes in Lebanon, saying it hit about 100 Hezbollah rocket launchers and “terrorist infrastructure sites.”Meanwhile, Hezbollah said it launched at least 17 attacks on military sites in northern Israel. For months, the international community has been trying to de-escalate tensions between Israel and Hezbollah.
Persons: CNN — Israel, Israel’s, Hassan Nasrallah, , Israel, Nasrallah, , Hossein, Israel “, Ismail Haniyeh Organizations: CNN, Hamas, Hezbollah, United Nations Security, Iran’s Revolutionary Guard, UN Security Locations: Lebanon, Israel, Gaza, Iran, Lebanese, Beirut, Tehran, Yemen, Syria, Iraq, Argentina, India, Georgia, Thailand, United States
Oil prices set to end week higher after U.S. rate cut
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: +1 min
Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures , which were trading 19 cents or 0.3% lower at $73.69 a barrel at 0027 GMT on Friday, gained 4.3% this week. The U.S. central bank cut interest rates by half a percentage point on Wednesday. Weak demand from China's slowing economy was weighing on prices, with refinery output in China slowing for a fifth month in August. China's industrial output growth also slowed to a five-month low last month, and retail sales and new home prices weakened further.
Persons: Brent Organizations: Citi Locations: Brent, U.S, China
BEIRUT — Hospitals in Lebanon are packed with people whose hands and eyes have been dealt serious injuries. The streets of Beirut appeared largely back to normal Thursday, but people NBC News spoke with expressed fear and concern. Relatives mourn 9-year-old Fatima Abdallah, who was killed after hundreds of pagers exploded in a deadly wave across Lebanon. He went on to call it an act of war against Lebanon, but did not specify how or when Hezbollah would retaliate. Although designated a terrorist organization by the U.S. and Israel, Hezbollah is also a political party in Lebanon, embedded in the country’s civilian structures.
Persons: Israel, Fatima Abdallah, Hassan Nasrallah, , Salah Zeineldine, Elias Jrade, Jrade, John Brennan, NBC’s, Lama Fakih, Marwan Naamani, ” Fakih, Fakih, Anwar, Volker Türk, Charlene Gubash, Yuliya Talmazan, Shira Pinson Organizations: Hezbollah, NBC, Getty, CIA, NBC News, American University of, American University of Beirut Medical Center, AFP, U.S, United, Human Rights, American University, Anwar Amro, United Nations Locations: BEIRUT, Lebanon, Beirut, AFP, American University of Beirut, WhatsApp, Israel, United Nations, East, North Africa, there’s, Beirut district, London, Tel Aviv
The blasts that rocked Lebanon for a second day reached the doors of a walkie-talkie maker in Japan on Thursday, as Israel’s declaration of a “new phase” to the conflict raised fears of all-out war. As the world urged against further escalation after months of devastating war with Hamas in Gaza, Israel indicated its focus had shifted to its northern border with Lebanon. “We are at the start of a new phase in the war — it requires courage, determination and perseverance on our part,” he said. In northern Israel, at least eight people were injured by anti-tank fire from across the Lebanon border, health authorities said early Thursday. While Israel has not taken responsibility for the attacks, the militant group and Lebanese officials also pinned the blame on Israel.
Persons: pagers, Hassan Nasrallah, Yoav Gallant, , Gallant, Defense Lloyd Austin, Israel, Abdallah Rashid Bouhabib, NNA, Icom, Kazuhiro Nogi, ” Yoshiki Enomoto, Enomoto, didn't, ” Icom, Cristiana, Gold, Arcidiacono Organizations: , Defense, NBC News, . Security, Lebanese Telecommunications Ministry, Getty, Reuters, Icom, NBC, Consulting, Taiwanese Ministry of Economic Affairs Locations: Lebanon, Japan, Iran, Gaza, Israel, U.S, New York, Taiwan, Bulgaria, Beirut, Osaka, Tokyo, AFP, East
The Israeli military said it had struck Hezbollah infrastructure and a weapons storage facility in southern Lebanon in overnight airstrikes. Israeli artillery also struck several areas in southern Lebanon, the IDF said in a statement. In northern Israel, at least eight people were injured by anti-tank fire from across the Lebanon border, health authorities said early Thursday. While Israel has not taken responsibility for the attacks, the militant group and Lebanese officials also pinned the blame on Israel. Whether original Gold Apollo products were tampered with, or entirely fake ones manufactured, was still being investigated, a spokesperson for the Taiwanese Economic Affairs Ministry told NBC News.
Persons: Hassan Nasrallah, Yoav Gallant, Gallant, Lloyd Austin, Israel, Abdallah Rashid Bouhabib, NNA, Icom, Yoshiki Enomoto, Enomoto, didn't, Cristiana, Gold, Arcidiacono Organizations: Hamas, Israeli, NBC News, United Nations Security Council, Lebanese Telecommunications Ministry, Reuters, Icom, NBC, Consulting, Taiwanese Economic Affairs Ministry Locations: Beirut's, Lebanon, Japan, Iran, Gaza, Israel, U.S, New York, Taiwan, Bulgaria, Beirut, Osaka, East
CNN —Lebanon is reeling after facing deadly back-to-back attacks targeting Hezbollah members – with pagers simultaneously exploding across the country on Tuesday, then walkie-talkies detonating in a similar fashion on Wednesday. At least 22 people, including children, have died so far from the two attacks, which Lebanese officials have blamed on Israel. Firefighters put out flames and a crowd gathers after a reported explosion in Saida, Lebanon, on September 18, 2024. How have Hezbollah, Israel and the world responded? It appears US officials were largely in the dark until reports emerged of the explosions, according to three sources familiar with the matter.
Persons: pagers, Mahmoud Zayat, Benjamin Netanyahu, Israel, Mohamed Azakir, ICOM, , Abdallah Bou Habib, Yoav Gallant, ” Gallant, Organizations: CNN, pagers, Firefighters, Getty, Hamas, American University of, American University of Beirut Medical Center, The New York Times, NBC News, Lebanon’s, United Nations Security Council, Israeli, UN, , Human Rights Watch Locations: Lebanon, Israel, Beirut, Iran, Saida, AFP, Gaza, Yemen, Syria, Iraq, Israeli, American University of Beirut, Asia, Europe, Hungarian, Budapest, United States
Lebanon's leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving exploding communications devices across the country. The next 48 hours, ministers told CNBC Thursday, will be particularly dangerous. Hezbollah called the act an "Israeli aggression"; Israel, meanwhile, has not commented on the blasts. "This will be a really, very, very dangerous ... 48 hours that this country will witness to see how the reaction will be." Tens of thousands of people on both the Lebanese and Israeli sides of the border have been evacuated from their homes.
Persons: Mojtaba Amani, Amin Salam, CNBC's Dan Murphy Organizations: CNBC, Hezbollah, Palestinian, Hamas, Lebanese Locations: Iran, Lebanese, Israel, Lebanon, Gaza
Oil prices fall as U.S. rate cut fails to boost market sentiment
  + stars: | 2024-09-19 | by ( ) www.cnbc.com   time to read: +2 min
A pump jack operates in front of a drilling rig at sunset in an oil field in Midland, Texas. Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy. The U.S. central bank cut interest rates by half a percentage point on Wednesday, suggesting the Fed saw a slowing job market. That view appeared to outweigh the boost that interest rate cuts usually bring to economic activity. China's industrial output growth also slowed to a five-month low last month, and retail sales and new home prices weakened further.
Persons: Tony Sycamore, heightening Organizations: Brent, Fed, ANZ, Citi, Shandong Yulong Petrochemical Locations: Midland , Texas, U.S, China, Shandong Yulong, Gaza
The second sign was that Nasrallah’s address – his first since two waves of attacks detonated thousands of Hezbollah wireless devices earlier this week – was very possibly pre-recorded. The leader of the powerful militant group has not delivered a speech in person since the start of Lebanon’s last all-out war with Israel in 2006. In his speech last month, for example, Nasrallah referenced two sonic booms caused by Israeli jets that had broken the sound barrier over Beirut. The roar reverberated throughout the city yet the Beirut-based militant leader neither flinched nor referenced the incident during his speech. Israel’s fighter jets seemed intent to underscore the gains of Tuesday and Wednesday’s attacks on Hezbollah’s wireless devices: the group had been driven deeper underground.
Persons: , Hassan Nasrallah, Nasrallah, , Mohamed Azakir, Reuters Nasrallah, “ We’ve, , group’s Organizations: Beirut CNN, , American University of, American University of Beirut Medical Center, Reuters, of Locations: Beirut, Israel, Lebanon, American University of Beirut, Gaza
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe Tuesday attack in Lebanon, where hundreds of pagers used by the Iran-backed militant group Hezbollah simultaneously detonated, points to a highly sophisticated operation that likely required months of planning and an infiltration of a global supply chain, experts told Business Insider. This story is available exclusively to Business Insider subscribers. Spokespeople for the Israel Defense Forces and the US Department of Defense did not immediately respond to a request for comment from Business Insider. Business Insider was not able to reach BAC Consulting for comment.
Persons: , Jones, Israel, Sean McFate, McFate, Robert Khachatryan, Cristiana Organizations: Service, Associated Press, Lebanese Health Ministry, AP, Business, New York Times, Israel Defense Forces, US Department of Defense, Armament Research Services, Syracuse University's Maxwell School of Citizenship, Public Affairs, Freight, Global Logistics, NBC News, Consulting, The New York Times, Taliban Locations: Lebanon, Iran, Israel, Taiwan, Hungary
More device explosions were reported across Lebanon on Wednesday, a day after pagers belonging to Hezbollah members detonated across the country, killing at least 12 people and injuring nearly 3,000, state media reported. According to Lebanon's National News Agency, or NNA, "a number" of wounded people had been taken to hospitals in the southern suburbs of Beirut after their wireless pagers exploded. At least three people were killed in device explosions Wednesday, NNA reported. Al-Manar, a Hezbollah-affiliated news agency, reported that wireless devices exploded in people’s hands across the country. The Associated Press reported that its own journalists were in Beirut at a funeral for four people killed by exploding pagers the day before when they heard "multiple explosions at the site."
Persons: NNA, Israel, Firas Abiad Organizations: Lebanon's National News Agency, Associated Press, Public, National News Agency Locations: Lebanon, Beirut, Israel
Images of the destroyed pagers showed that they bore stickers from Taiwan-based Gold Apollo, Reuters reported. In a statement, Gold Apollo identified the other company as the Hungary-based BAC. Reached by phone on Wednesday, a spokesperson for Gold Apollo declined to comment further, citing the ongoing investigation. The explosions on Tuesday come amid rising concern that tensions between Israel and Lebanon could spiral into all-out war. Hsu of Gold Apollo said he also felt he had been victimized and was considering filing a lawsuit.
Persons: Hsu Ching, kuang, ” Hsu, , , Mohamed Azakir, Jeanine Hennis, Matthew Miller, Muhammad Mahdi, Ali Ammar, Hsu, Gold Apollo Organizations: Reuters, of Economic Affairs, NBC News, Hamas, . Security, American University of, American University of Beirut Medical Center, U.S . Locations: HONG KONG, Taiwan, Lebanon, Iran, Israel, Europe, New Taipei, Hungary, Beijing, United States, Gaza, Israeli, American University of Beirut, U.S
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Taiwanese pager manufacturer Gold Apollo rejected reports that it produced the devices at the center of deadly attacks in Lebanon that killed at least 12 people and injured nearly 3,000 others. Thousands of pagers used by Hezbollah members around Lebanon simultaneously exploded on Tuesday evening, sending local emergency services into overdrive as hospitals filled up with wounded patients. Hezbollah called the act an "Israeli aggression"; Israel, meanwhile, has not commented on the blasts. Tens of thousands of people in both Lebanon and Israel have been evacuated from their homes. Hezbollah's leadership has previously said it does not seek a wider war, but would fight if provoked by Israel.
Persons: Hsu Ching, kuang, Gold Apollo, Mojtaba Amani, Israel, Benjamin Netanyahu, Organizations: Reuters, Consulting, CNBC, Lebanese, Palestinian, Hamas Locations: Beirut's, Lebanon, New Taipei, Budapest, Hungary, Iran, Israel, Gaza, Israel's
In May 2000, the group managed to drive Israel out of southern Lebanon after a grueling guerilla conflict. On the evening of July 30, an Israeli drone fired two missiles into a residential building in southern Beirut, killing senior Hezbollah commander Fu’ad Shukr. Taken together, the missile attack and the exploding devices represent a dramatic infiltration by Israel of Hezbollah’s critical command and control networks. Israel denied any important targets were struck and no evidence has been made public to contradict that denial. Israel is no longer willing to tolerate the slow-burn war on its northern border and is resorting to ever more extreme and potentially escalatory measures.
Persons: Lebanon CNN —, Assad, Fu’ad Shukr, Shukr’s, Hassan Nasrallah, Organizations: Lebanon CNN, Hezbollah, CNN Locations: Beirut, Lebanon, Israel, Iranian, Syria, Iran, Russia, Lebanese, Israeli, pagers, Gaza
The senior Lebanese security source said the group had ordered 5,000 beepers made by Taiwan-based Gold Apollo, which several sources say were brought into the country earlier this year. Israel's Mossad spy agency planted a small amount of explosives inside 5,000 Taiwan-made pagers ordered by Lebanese group Hezbollah months before Tuesday's detonations, a senior Lebanese security source and another source told Reuters. But the senior Lebanese source said the devices had been modified by Israel's spy service "at the production level." Another security source told Reuters that up to three grams of explosives were hidden in the new pagers and had gone "undetected" by Hezbollah for months. "We really got hit hard," said the senior Lebanese security source, who has direct knowledge of the group's probe into the explosions.
Persons: Israel, Tuesday's detonations, Gold, pagers, Jonathan Panikoff, government's, General Hassan Nasrallah Organizations: Hezbollah, Reuters Locations: Beirut, Lebanon, Israel, Taiwan, Iran, Lebanese, Taipei, Gaza, U.S
The fact no details about the operation were given meant US officials were in the dark until reports of hundreds of exploding pagers emerged a short time later, the sources said. Iran’s ambassador to Lebanon was injured by the exploding pagers, according to Iranian state media. The notification from Israel was far more generic and vague, leaving US officials with questions about what the operation could be, the sources said. Since Hamas’ October 7 attack, Israel has regularly carried out strikes in Lebanon in response to the launch of Hezbollah drones and missiles. The breadth of Israeli operations in Lebanon over the past 11 months added to the questions about what Israel could be planning.
Persons: Lloyd Austin, Yoav Gallant, Israel, It’s, Antony Blinken, Blinken, Gallant, Austin, Karine Jean, Pierre, , , ” Jean, Jennifer Hansler Organizations: CNN, Israeli, US, White Locations: Lebanon, Washington, Cairo, Israel, Iran, Gaza, Tehran
Hezbollah hand-held radios detonate across Lebanon, sources say
  + stars: | 2024-09-18 | by ( ) www.cnbc.com   time to read: +4 min
The hand-held radios were purchased by Hezbollah five months ago, around the same time that the pagers were bought, said a security source. The two sides have been engaged in cross-border warfare since the Gaza conflict erupted last October, fuelling fears of a wider Middle East conflict that could drag in the United States and Iran. But given the scale, the impact on families, on civilians, there will be pressure for a stronger response," said Mohanad Hage Ali of the Carnegie Middle East Center. One Hezbollah official said the detonation was the group's "biggest security breach" in its history. It followed a series of assassinations of Hezbollah and Hamas commanders and leaders blamed on Israel since the start of the Gaza war.
Persons: Tuesday's detonations, Firass Abiad, Tuesday's, Gold Apollo, Israel, Ayman Safadi, Mohanad Hage Ali Organizations: American University of, American University of Beirut Medical Center, Hezbollah, Reuters, Lebanese Health, Israel, Jordan's, Carnegie Middle East Center Locations: American University of Beirut, Lebanon, Israel, Lebanon's, Beirut's, Iran, Lebanese, Beirut, Hungary's, Budapest, Gaza, United States
What Visual Evidence Shows About Israel’s Pager Attacks
  + stars: | 2024-09-18 | by ( ) www.nytimes.com   time to read: 1 min
This blast ripped through a customer’s satchel, and he fell to the ground groaning in pain. Shortly beforehand, thousands of Hezbollah members received pager messages that appeared to come from their leaders, according to two officials familiar with the attack. The devices beeped — and then blew up. The pagers appear to have been packed with explosives in what Lebanese and Iranian officials say was an Israeli operation.
Persons: satchel
Hezbollah fighters at the funeral of a commander in August, in the southern suburbs of Beirut, Lebanon. By 2000, Israel had withdrawn from Lebanon, making Hezbollah a hero to many Lebanese. In that war, Israel rained bombs on southern Lebanon and Beirut, the capital; the fighting killed more than 1,000 Lebanese. Even some of Hezbollah’s traditionally loyal Shiite Muslim constituents in southern Lebanon are questioning the price of the current fighting. Estimates vary about just how many missiles Hezbollah has and just how sophisticated its systems are.
Persons: Israel hasn’t, Israel, Hassan Nasrallah, Nasrallah, Diego Ibarra Sánchez, Bashar al, Assad, Euan Ward Organizations: Hezbollah, Hamas, Palestine Liberation Organization, Credit, The New York Times, Central Intelligence Locations: Beirut, Lebanon, Gaza, Israel, Iran, Lebanese, United States, Syria
Read previewThousands of Hezbollah-owned pagers that detonated in unison on Tuesday were made in Taiwan and had been tampered with by Israel, according to multiple reports. The New York Times reported that Hezbollah had purchased the pagers from Gold Apollo, a manufacturer in Taiwan. The same source told the outlet that Mossad, Israel's intelligence service, had planted a board inside the pagers that contained explosive material and could remotely receive a detonation code. " Related storiesHezbollah and Lebanon have both blamed Israel for the exploding pagers, though Tel Aviv has not claimed responsibility. The exploding pagers have led to heightened fears that Israel and Hezbollah may escalate their conflict into a wide-scale or direct war.
Persons: , Hsu Ching, Kuang, Hsu, Gold Apollo, Israel, Pagers, Benjamin Netanyahu Organizations: Service, Business, New York Times, Hezbollah, Times, Reuters, The, Israeli Defense Ministry Locations: Taiwan, Israel, Iran, Lebanese, Lebanon, Tel Aviv, Gaza
CNN —Dozens of walkie talkies exploded across Lebanon on Wednesday, a security source told CNN, one day after blasts targeting the pagers of Hezbollah members injured thousands. Preliminary information suggested that there were between 15 and 20 explosions in southern suburbs of Beirut, and a further 15 to 20 blasts in southern Lebanon, the source said. At least three people were killed in Sahmar in Rashaya and Western Bekaa in southern Lebanon, state media outlet NNA reported. Hassan Hankir/ReutersThe latest blasts come almost exactly 24 hours after the near-simultaneous explosions targeting pagers of the militant group Hezbollah, exposing a massive security breach among its members. Hezbollah on Tuesday vowed to respond to what it called an Israeli attack, which killed multiple people and injured thousands across Lebanon on Tuesday.
Persons: , Hassan Hankir, Firass Abiad, Organizations: CNN, Army Command, Lebanese Army, Lebanese Health Locations: Lebanon, Beirut, Sahmar, Rashaya, Sidon, Gaza
Lebanese health officials warned the public to avoid using handheld communication devices on Tuesday after powerful Iran-backed militant and political group Hezbollah said pagers had exploded throughout the country. “The ministry requests all citizens who own wireless communication devices to stay away from them until the truth of what is happening is revealed,” the National News Agency quoted the health ministry as saying. Lebanese Prime Minister Najib Mikati office said ministers were informed of “security incidents” occurring in a number of regions across the country. It was unclear whether the incidents were part of a coordinated attack, which would represent a significant security breach for Hezbollah. News agency Reuters reported that dozens of Hezbollah members were seriously wounded in Lebanon’s south and in the southern suburbs of the country’s capital Beirut.
Persons: pagers, Najib Mikati, Benjamin Netanyahu’s, Organizations: Health Emergency, Center of Lebanon’s Ministry of Public Health, National News Agency, Lebanese, Israel, U.S, Reuters Locations: Iran, Lebanese, Lebanon, Lebanon’s, country’s, Beirut, Dahiyeh, Israel’s, “ Israel, Gaza
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