Israeli Prime Minister Benjamin Netanyahu expressed outrage Tuesday after reports surfaced that the International Criminal Court (ICC) could be ready to issue arrest warrants for him and other top officials in his government over the genocide taking place in Gaza.
The International Court of Justice ruled last week that Berlin can continue to provide weapons to Israel despite an effort by Nicaragua to issue an emergency order to prevent these shipments amid a genocide in Gaza.
Humanitarian aid groups came out last week to criticize Israel over the continued lack of aid entering Gaza despite assurances after mounting international pressure.
Abdallah al-Dardari, a UN assistant secretary-general, said the level of destruction in Gaza is something not seen since 1945.
Speculators taking long positions in gold on the Shanghai Futures Exchange—betting gold’s price will rise—have boosted their number of bets by almost 50 percent since September, according to the Financial Times.
Kering, the luxury conglomerate that owns Balenciaga, Brioni, and Gucci fashion brands among others, warned that its profit during this year’s first six months could be as much as 45 percent lower than in the same period last year.
The Japanese yen fell below ¥160 to the dollar on this week’s opening trading day, and South Korea’s won recently dipped below 1,400, falling to its lowest mark in almost two years.
On 29 April, Japan’s yen fell to its lowest value since at least 1990, trading below ¥160 to the dollar, after the country’s central bank left its key interest rates untouched at zero and 0.10 percent. The yen has lost about a third of its value in the past three years.
Copper’s future price briefly topped $10,000 last week for the first time in two years amid fears that demand will once again overcome supplies as manufacturers of clean energy technologies respond to a growing market, Bloomberg reported.
In April, the Eurozone’s flash purchasing managers index (PMI) for the overall economy rose to 51.4 from 50.3 in March, the strongest rating in 11 months. Analysts in a Reuters poll had predicted a reading of 50.8.