Russian forces are having their way with the Ukrainians on the battlefield as Europe insists that it will support Kyiv to the end.
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IDF IDENTIFIES ‘YELLOW LINE’ IN GAZA AS NEW BORDER
Lt. Gen. Eyal Zamir, the IDF chief of staff, met with Israeli troops stationed inside Gaza on Sunday and informed them that the so-called Yellow Line that has been treated like the start of a No Man’s Land separating his troops from Palestinians should be treated like the new border, according to a report.
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VIOLATING CEASEFIRE AGREEMENT, ISRAEL KEEPS BOMBING LEBANON
The Israeli army last week continued to violate the so-called ceasefire agreement that has been in place with Hezbollah for over a year and bombed at least three towns in the southern reaches of the country to uproot the group’s stronghold in the region.
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PALESTINIAN PRISONERS IN ISRAELI PRISONS TORTURED
A newly released report found that conditions inside Israeli prisons got even worse for Palestinian security inmates after the Hamas attack on 7 October 2023, identifying the problem as “one of the most severe detention crises that the state has known.”
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SPOTLIGHT: BIGS GETTING BIGGER
The Trump administration’s laissez-faire attitude toward major mergers and acquisitions has persuaded a growing number of companies “to take a shot at deals that merge direct competitors,” The Wall Street Journal reported after talking with executives, investment bankers, and lawyers in the field.
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SPOTLIGHT: CHINA’S AUTO INDUSTRY’S RISE TO DOMINANCE
Volkswagen can develop and produce new electric vehicles (EVs) in China for half the cost of doing the same work in its native Germany, the company says, citing mature EV supply chains, easier access to batteries, lower labor costs, and shortened timelines from design through production.
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DUTCH BANK FIRES 20 PERCENT OF ITS STAFF
Dutch lender ABN Amro, with two acquisitions in progress, will dump 5,200 of its current staff as part of a campaign by new CEO Marguerite Berard to cut costs and increase profits.
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SWEDISH PAYMENTS COMPANY ISSUES DOLLAR-DENOMINATED STABLECOIN
Klarna, a Swedish online “buy now, pay later” lender has issued a U.S. dollar-backed stablecoin to use for international payments, enabling the company to “dramatically reduce costs for both consumers and merchants,” it said.
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INDIA REPORTS FASTEST ECONOMIC EXPANSION IN 18 MONTHS
n this year’s third quarter, India’s economy grew at an annual rate of 8.2 percent, beating both the second quarter’s 7.8-percent pace and the 7.3 percent economists had forecast in a Reuters poll.
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U.K. RAISES TAXES FOR SECOND YEAR IN A ROW
The administration of British Prime Minister Keir Starmer will levy an additional £26 billion (about $34 billion) in taxes by 2030, chief financial officer Rachel Reeves announced last week.