Stock Markets
Israeli strikes batter Beirut in heaviest bombardment so far, witnesses say
By Maya Gebeily, Timour Azhari and Alexander Cornwell
BEIRUT/JERUSALEM (Reuters) -Israeli air attacks battered Beirut’s southern suburbs overnight and early on Sunday in the most intense bombardment of the Lebanese capital since Israel sharply escalated its campaign against Iran-backed group Hezbollah last month.
During the night, the blasts sent booms across Beirut and sparked flashes of red and white for nearly 30 minutes visible from several kilometres away.
It was the single biggest attack of Israel’s assault on Beirut so far, witnesses and military analysts on local TV channels said.
On Sunday a grey haze hung over the city and rubble was strewn across streets in the southern suburbs, while smoke columns rose over the area.
“Last night was the most violence of all the previous nights. Buildings were shaking around us and at first I thought it was an earthquake. There were dozens of strikes – we couldn’t count them all – and the sounds were deafening,” said Hanan Abdullah, a resident of the Burj al-Barajneh area in Beirut’s southern suburbs.
Videos posted on social media, which Reuters could not immediately verify, showed fresh damage to the highway that runs from Beirut airport through its southern suburbs into downtown.
Israel said its air force had “conducted a series of targeted strikes on a number of weapons storage facilities and terrorist infrastructure sites belonging to the Hezbollah terrorist organization in the area of Beirut”.
Lebanese authorities did not immediately say what the missiles had hit or what damage they caused.
This weekend’s intense bombardment came just ahead of the anniversary of the Oct. 7 attack by Palestinian militant group Hamas on southern Israel in which some 1,200 people were killed and more than 250 taken hostage, according to Israeli figures.
The target of Israel’s airstrikes across Lebanon and its ground invasion in the south of the country is the Lebanese armed group Hezbollah, Iran’s chief ally in the region.
More than 2,000 people have been killed in nearly a year of fighting, most of them in the past two weeks, according to the Lebanese health ministry. The ministry said on Sunday 23 people had been killed on Saturday.
The United Nations’ refugee chief said on Sunday that there were “many instances” where Israeli airstrikes had violated international law by hitting civilian infrastructure and killing civilians in Lebanon.
Israel says it targets military capabilities and takes steps to mitigate the risk of harm to civilians, while Lebanese authorities say civilians have been targeted. Israel accuses both Hezbollah and Hamas of hiding among civilians, which they deny.
For days Israel has bombed the Beirut suburb of Dahiyeh – considered a stronghold for Hezbollah but also home to thousands of ordinary Lebanese, Palestinian and Syrian refugees – killing its leader Sayyed Hassan Nasrallah on Sept. 27.
A Lebanese security source said on Saturday that Hashem Safieddine, Nasrallah’s potential successor, had been out of contact since Friday, after an Israeli airstrike on Thursday near the city’s international airport that was reported to have targeted him.
Israel continues to bomb the area of the strike, preventing rescue workers from reaching it, Lebanese security sources said.
Hezbollah has not commented on Safieddine.
His loss would be another blow to the group and its patron Iran. Israeli strikes across the region in the past year, sharply accelerated in recent weeks, have devastated Hezbollah’s leadership.
GAZA WAR
Israel’s war in Gaza, launched after the Oct. 7 attacks and aimed at eliminating Hamas, another Iran-backed group, has killed nearly 42,000 people, Palestinian authorities say. The coastal enclave lies in ruins.
At least 26 people were killed and 93 others wounded when Israeli airstrikes hit a mosque and a school sheltering displaced people in the Gaza Strip early on Sunday, the Hamas-run Gaza government media office said. The Israeli military said it had conducted “precise strikes on Hamas terrorists”.
Hezbollah began firing rockets at Israel a day after the Oct. 7 attacks and after Israel had begun bombing Gaza, saying it was acting in solidarity with the Palestinian group.
Cross-border fire continued between Israel and Hezbollah for months, but were mostly limited to the Israel-Lebanon border area before the recent upsurge.
Israel says it stepped up its assault on Hezbollah last month to enable the safe return of tens of thousands of citizens to homes in northern Israel, bombarded by the group since last Oct. 8.
Israeli authorities said on Saturday that nine Israeli soldiers had been killed in southern Lebanon so far.
In northern Israel, air raid sirens sounded on Sunday and the Israeli military said it had intercepted rockets fired from Lebanese territory.
Iran has signalled it does not want a direct war with Israel but has launched responses on occasion to Israeli attacks. It fired a barrage of ballistic missiles at Israel on Tuesday that did little damage.
Israel has been weighing options for its response.
Iranian state media reported later on Sunday that flights from all Iran’s airports would be cancelled until 6 a.m. local time on Monday due to operational restrictions, without elaborating. It was not clear if the announcement was linked to the ongoing conflict in the region.
Stock Markets
Israeli strikes kill dozens in Gaza over 48 hours, Palestinian officials say
By Nidal al-Mughrabi
CAIRO (Reuters) -Israeli military strikes across the Gaza Strip have killed at least 120 Palestinians over the last 48 hours and hit a hospital on the northern edge of the enclave, wounding medical staff and damaging equipment, Palestinian medics said on Saturday.
Among the dead were seven members of one family whose house was hit overnight in the Zeitoun suburb of Gaza City, the health officials said. The rest were killed in separate Israeli strikes in central and southern Gaza.
At the same time, Israeli forces deepened their incursion and bombardment of the northern edge of the enclave, their main offensive since early last month.
A spokesperson for the armed wing of Hamas said a female Israeli hostage in the group’s custody had been killed in a northern area under attack by Israeli forces.
“The life of another female prisoner who used to be with her remains in imminent danger,” spokesperson Abu Ubaida added, accusing the government of Israeli Prime Minister Benjamin Netanyahu of being to blame.
An Israeli military spokesperson said it was investigating the Hamas report.
“At this point, we are unable to confirm or deny it,” the spokesperson said. “Hamas continues to engage in psychological terrorism and act in a cruel manner.”
A group representing hostages’ families did not immediately reply to a request for comment.
DAMAGE, INJURIES AT HOSPITAL
Israel’s military says its operations in northern Gaza aim to prevent Hamas fighters from carrying out attacks and regrouping. Local residents say they fear the goal is to permanently depopulate a strip of territory as a buffer zone, something Israel denies.
At Kamal Adwan Hospital, one of three medical facilities on the northern edge of Gaza that is barely operational, director Hussam Abu Safiya said the ongoing Israeli bombardment in the area appeared aimed at forcing hospital staff to evacuate – something they have refused to do since the incursion began.
“Yesterday (Friday), from the afternoon until midnight, the bombardment directly targeted the entrance to the emergency and reception area several times,” he said in a statement, adding that 12 staff members including doctors and nurses were injured.
The strike also caused significant damage that disrupted the electrical generator, oxygen supply network and water supply, he added.
Asked to comment on Abu Safiya’s statement, the Israeli military said that following an initial review it was “not aware of a strike in the area of the Kamal Adwan Hospital”, adding that it does everything possible to avoid harming civilians.
Israel says Hamas uses hospitals and civilians as human shields, and has made public videos and photos to support that claim. Hamas rejects the allegations and says it does not use the civilian population or facilities for military purposes.
Israel’s 13-month campaign in Gaza has killed more than 44,000 people and displaced nearly all the enclave’s population at least once, according to Gaza officials.
The war was launched in response to an attack by Hamas-led fighters who killed 1,200 people and captured more than 250 hostages in Israel on Oct. 7, 2023, Israel has said.
Months of attempts to negotiate a ceasefire have yielded scant progress and negotiations are now on hold, with mediator Qatar having suspended its efforts until the sides are prepared to make concessions.
Hamas wants a deal that ends the conflict, and leads to the release of Israeli and foreign hostages held captive in Gaza as well as Palestinians jailed by Israel, while Netanyahu has said the war can end only once Hamas is eradicated.
Stock Markets
Trump expected to pick Brooke Rollins to be agriculture secretary, WSJ reports
WASHINGTON (Reuters) -U.S. President-elect Donald Trump is expected to pick Brooke Rollins (NYSE:), president of the America First Policy Institute, to be agriculture secretary, the Wall Street Journal reported on Saturday.
If confirmed, Rollins would lead a 100,000-person agency with offices in every county in the country, whose remit includes farm and nutrition programs, forestry, home and farm lending, food safety, rural development, agricultural research, trade and more. It had a budget of $437.2 billion in 2024.
Trump’s transition team did not immediately respond to a request for comment.
The nominee’s agenda would carry implications for American diets and wallets, both urban and rural. Department of Agriculture officials and staff negotiate trade deals, guide dietary recommendations, inspect meat, fight wildfires and support rural broadband, among other activities.
The America First Policy Institute is a right-leaning think tank whose personnel have worked closely with Trump’s campaign to help shape policy for his incoming administration. She chaired the Domestic Policy Council during Trump’s first term.
If confirmed, Rollins would advise the administration on how and whether to implement clean fuel tax credits for biofuels at a time when the sector is hoping to grow through the production of sustainable aviation fuel.
The nominee would also guide next year’s renegotiation of the U.S.-Mexico-Canada trade deal, in the shadow of disputes over Mexico’s attempt to bar imports of genetically modified corn and Canada’s dairy import quotas.
Trump has said he again plans to institute sweeping tariffs that are likely to affect the farm sector.
He was considering offering the role to former U.S. Senator Kelly Loeffler, a staunch ally whom he chose to co-chair his inaugural committee, CNN reported on Friday.
Stock Markets
ICC warrants are binding, EU cannot pick and choose, EU’s Borrell says
By Michele Kambas
NICOSIA (Reuters) – European Union governments cannot pick and choose whether to execute arrest warrants issued by the International Criminal Court against two Israeli leaders and a Hamas commander, the EU’s foreign policy chief said on Saturday.
The ICC issued the warrants on Thursday against Israeli Prime Minister Benjamin Netanyahu, his former defence minister Yoav Gallant and Hamas leader Ibrahim Al-Masri, for alleged crimes against humanity.
All EU member states are signatories to the ICC’s founding treaty, called the Rome Statute.
Several EU states have said they will meet their commitments under the statute if needed, but Hungarian Prime Minister Viktor Orban has invited Netanyahu to visit his country, assuring him he would face no risks if he did so.
“The states that signed the Rome convention are obliged to implement the decision of the court. It’s not optional,” Josep Borrell, the EU’s top diplomat, said during a visit to Cyprus for a workshop of Israeli and Palestinian peace activists.
Those same obligations were also binding on countries aspiring to join the EU, he said.
“It would be very funny that the newcomers have an obligation that current members don’t fulfil,” he told Reuters.
The United States rejected the ICC’s decision and Israel said the ICC move was antisemitic.
“Every time someone disagrees with the policy of one Israeli government – (they are) being accused of antisemitism,” said Borrell, whose term as EU foreign policy chief ends this month.
“I have the right to criticise the decisions of the Israeli government, be it Mr Netanyahu or someone else, without being accused of antisemitism. This is not acceptable. That’s enough.”
Israel’s 13-month campaign in Gaza has killed about 44,000 Palestinians and displaced nearly all the enclave’s population while creating a humanitarian crisis, Gaza officials say.
Israel began its offensive after the Hamas-led attack on Oct. 7, 2023, which killed 1,200 people in southern Israel, with more than 250 others taken hostage, Israel has said.
In their decision, the ICC judges said there were reasonable grounds to believe Netanyahu and Gallant were criminally responsible for acts including murder, persecution and starvation as a weapon of war as part of a “widespread and systematic attack against the civilian population of Gaza”.
The warrant for Masri lists charges of mass killings during the Oct. 7, 2023, attacks. Israel says it has killed Masri.
- Forex2 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
How is the Australian dollar doing today?
- Forex2 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Forex2 years ago
Unbiased review of Pocket Option broker
- Cryptocurrency2 years ago
What happened in the crypto market – current events today
- World2 years ago
Why are modern video games an art form?
- Commodities2 years ago
Copper continues to fall in price on expectations of lower demand in China
- Forex2 years ago
The dollar is down again against major world currencies