Saudi Arabia rejected the decision from the Israeli Security Cabinet last week to approve five new settlements in the West Bank and other measures against Palestinians in the region, warning that the move will have “dire consequences.”
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HAMAS STANDS FIRM, SAYS DEAL WITH NO PERMANENT END TO FIGHTING IS NO DEAL
The leader of Hamas who lost 60 family members to Israeli forces—including a blast last week that killed 10 relatives—said he will not agree to a ceasefire unless it means a permanent end to the fighting.
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TRUMP MOCKS PALESTINIANS IN DIG AT BIDEN
Donald Trump, the Republican presidential nominee, did his best to insult U.S. President Joe Biden during last week's debate and accuse him of becoming “like a Palestinian.”
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ADELSON’S WIFE, ISRAEL UBER-HAWK, TO BECOME ONE OF TRUMP’S TOP DONORS
Miriam Adelson, the wife of deceased hotel magnate Sheldon Adelson, is poised to become Donald Trump’s top donor—possibly spending up to $100 million to make sure he is elected again.
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IRAN WARNS ISRAEL: FULL-SCALE WAR WITH LEBANON, WE’LL WIPE YOU OUT
Iran sent a clear message to Israel on Friday that a full-scale war with Lebanon would be an “obliterating war.”
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U.K. INFLATION FALLS TO CENTRAL BANK’S 2-PERCENT TARGET
For the first time since 2021, inflation in the U.K., in May, settled back to the 2-percent target rate that the Bank of England (BoE) had set for it.
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EUROPE’S CONSUMERS NOT RESPONDING TO DISCOUNTS
European retailers and manufacturers are discounting consumer goods in an attempt to revive sales but the results are falling short of hopes.
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CENTRAL BANKS EXPECT TO KEEP BUYING GOLD
Central banks in 13 percent of the world’s advanced economies plan to add to their gold reserves over the next 12 months, compared to 8 percent a year ago, according to a survey by the World Gold Council.
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IN MAY, RUSSIA EXPORTED MORE GAS TO EUROPE THAN THE U.S. DID
For the first time in nearly two years, Russia exported more natural gas to Europe than the U.S. did, according to the Financial Times, despite Europe’s vow to end all Russian gas imports by the end of 2023 after Russia attacked Ukraine.
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BANK OF ENGLAND LEAVES KEY RATE UNCHANGED
As economists expected, the Bank of England’s (BoE’s) governing committee held its key interest rate at its 16-year high of 5.25 percent, where it has been since August 2023.