President-elect Donald Trump wasted no time in rewarding billionaire heiress Miriam Adelson with a Middle East team that could have been handpicked by Israeli Prime Minister Benjamin Netanyahu.
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ISRAEL SEES TRUMP’S ELECTION WIN AS BIG STEP IN ANNEXING THE WEST BANK
Top Israeli officials have celebrated Donald Trump's election in the U.S. and see their best possibility ever in annexing the occupied West Bank, which has long been the goal of the Israeli government.
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ISRAEL EXPANDS WAR IN LEBANON DESPITE CALLS FROM THE BIDEN’S CLAIM THAT U.S. WANTS A CEASEFIRE
The Israeli army continued its widespread bombing campaign throughout Lebanon last weekend as its invading force claimed to reach the deepest it has been inside its neighbor to the north—all while the Biden administration has been working on a ceasefire.
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ISRAEL ACCUSED OF WAR CRIMES, ETHNIC CLEANSING BY HUMAN RIGHTS WATCH
Human Rights Watch issued a damning report last week that accused the Israeli government of carrying out war crimes and ethnic cleansing in Gaza as much of the enclave is uninhabitable after 13 months of bombings.
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ISRAEL RESUMES PUNISHMENT CAMPAIGN IN NORTHERN GAZA
Just over a year since the IDF started its massive bombing campaign in northern Gaza, the Israeli military has resumed its operations in the region that have included some of Israel’s “most devastating attacks yet,” according to The New York Times.
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BANK OF ENGLAND CUTS INTEREST RATE, SEES INFLATION RISING
By a vote of eight to one, the Bank of England’s (BoE’s) Monetary Policy Committee cut the bank’s key interest rate from 5 percent to 4.75 percent on 7 November.
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COLLAPSE OF GERMAN GOVERNMENT LEAVES ECONOMY IN LIMBO
Germany’s governing coalition under chancellor Olaf Scholz has crumbled after Scholz fired finance minister Christian Lindner amid disputes over how to rescue the country’s economy, on which much of Europe’s productivity depends.
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FRENCH AND GERMAN MANUFACTURING SEE SHARP DECLINE IN SEPTEMBER
In September, French and German factory activity contracted more than expected, signaling a bleak end to a year in which the sector already suffered from stiff competition from China, fallout from the Ukraine war, and a global economy still in recovery.
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FOOD PRICES REACH 18-MONTH HIGH
The prices consumers pay for cheese, sugar, wheat, vegetable oils, and other staples has shot to their highest since April 2023, the United Nations Food and Agriculture Organization (FAO) reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.