A humanitarian flotilla aiming to break the Israeli blockade on Gaza and deliver aid to the starving population inside the enclave was struck last week with drones and stun grenades, but has resumed its mission.
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ISRAEL RAMPS UP GAZA CITY MASSACRE, TARGETS HOSPITALS AND RESIDENTIAL TOWERS
The IDF on Sunday struck al-Shifa Hospital, Gaza’s largest medical center, as its forces advance in Gaza City and the hospital struggles to treat the surge in patients because Israel is employing new techniques to kill civilians.
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HOUTHIS AND ISRAEL TRADE BLOWS AS YEMENI GROUP STANDS BY ITS PROMISE TO DEFEND THE PALESTINIANS UNTIL WAR ENDS
The IDF announced last week that it launched air strikes into Yemen in response to a drone strike in southern Israel that injured at least 20.
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MICROSOFT TERMINATES IDF ACCESS TO MASS-SURVEILLANCE TECHNOLOGY OVER VIOLATIONS
Microsoft informed the IDF’s secretive Unit 8200 that it will no longer have access to key mass-surveillance technology after it was revealed that the military violated the Redmond, Wash.-company’s policy on data collection, according to a new report.
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SPOTLIGHT: BIGS GETTING BIGGER
As we detail in this and previous Trends Journals, investment into the private equity business and Merger and Acquisition activity have been in decline.
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PUTIN MULLS TAX HIKE ON THE RICH AS THE WAR ECONOMY TIRES
On 18 September, Russian president Vladimir Putin hinted he might be ready to raise various taxes, especially on wealthy Russians, as the country’s war-weary economy shows signs of strain.
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SWISS BANKS SUCCEED IN SETTLING PAYMENTS USING A BLOCKCHAIN
Three Swiss banks have successfully made actual payments from bank deposits via a public blockchain, the Swiss Bankers Association said on 16 September.
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CANADA CUTS INTEREST RATE BY A QUARTER POINT
For the eighth time since May 2024, the Bank of Canada (BoC) has cut its policy interest rate. The bank’s governing council took off a quarter point. That halved the rate from 5 percent in May 2024 to 2.5 percent now, its lowest in three years.
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ARGENTINA’S CENTRAL BANK RESCUES PESO AMID POLITICAL CRISIS
On 17 September, Argentina’s central bank sold 53 million U.S. dollars and used the proceeds to buy pesos. That took about 78 billion pesos out of circulation.
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CHINA CEMENTS ITS PLACE AS WORLD’S LEADING EV MAKER
Because of their innovations in manufacturing, domestic access to raw materials, and the ability to turn out new models in record time, Chinese automakers now sell more than half of the electric passenger vehicles (EVs) bought worldwide.