Government pension funds are hemorrhaging money as the office buildings they invested in are crashing in value.
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BIDEN BACKS CEASEFIRE DEAL IN GAZA, BIBI SAYS FU
U.S. President Joe Biden addressed the U.S. on Friday about the ongoing war in Gaza and threw his support behind an Israeli deal that would possibly result in a permanent ceasefire and a return of the Israeli hostages still in Hamas’s possession.
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WWIII: WESTERN COUNTRIES AGREE UKRAINE SHOULD USE THEIR WEAPONS TO STRIKE TARGETS DEEP INSIDE RUSSIA
There was a sea change last week among NATO countries that once worried about Ukraine using Western weapons to strike targets inside Russia, which was seen as a red line, but that all changed last week when these officials had a change of heart.
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U.S. STATE DEPARTMENT OFFICIAL RESIGNS IN PROTEST OVER WHITE HOUSE LYING TO CONGRESS TO PROTECT ISRAEL’S GENOCIDE
A veteran State Department official resigned from her post last week over the Biden administration’s decision to lie to Congress about Israel’s effort to prevent food from entering into Gaza.
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U.S. WEAPONS WERE USED BY ISRAEL TO BOMB TENT CAMP IN RAFAH
Multiple news outlets in the U.S. reported last week that Israel used U.S.-provided weapons to carry out its deadly strike on a Rafah tent encampment that killed at least 45 and injured hundreds.
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BEN GVIR, SMOTRICH SAY THEY WILL DISSOLVE GOVERNMENT IF NETANYAHU AGREES TO CEASEFIRE PROPOSAL
Israel’s two most outspoken ultra-religious extremists Bezalel Smotrich and Itamar Ben Gvir rejected the most recent ceasefire proposal that would assure the release of hostages, stating that they will dissolve the government if Israeli Prime Minister Benjamin Netanyahu agreed to such a proposal.
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120,000 ISRAELIS TAKE TO THE STREET CALLING FOR CEASEFIRE DEAL
The largest protest in Israel since the start of the war with Gaza took place on Saturday in Tel Aviv, with demonstrators demanding that Israeli Prime Minister Benjamin Netanyahu agree to a ceasefire deal that would bring home the 125 hostages still in Hamas possession.
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LUXURY STOCKS SLUMP ON CHANEL’S WARNING; LAUREN DISAPPOINTS
On 22 May, Chanel Ltd. reported double-digit gains in sales and profits in its most recent quarter.
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OCEAN FREIGHT RATES UP 20 PERCENT AS RED SEA WAR CONTINUES
Routing ships away from the Red Sea and Suez Canal has added almost 30 percent to cargo container freight rates this month, The Wall Street Journal reported.
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FUND MANAGERS BET BIG ON METALS
The recently rising price of copper, nickel, and other metals crucial to the global energy transition has drawn a flood of money from asset managers, the Financial Times reported.