Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US is sending a second aircraft carrier strike group to the eastern Mediterranean in a bid to ease tensions in the region as Israel prepares a ground offensive against Hamas militants in the Gaza
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Just a day after Israel ordered 1.1mn civilians to leave northern Gaza, two blasts on Friday destroyed multiple cars driving along one of the enclave’s main roads south. Videos of the aftermath verified by the Financial Times show 12 bodies of men, women and children in Salah-ad-Din street, which Israel later designated a “safe route”.
© Jalal Morchidi/EPA-EFE/Shutterstock The spectre of a wider conflict in the Middle East poses a fresh threat to the global economy, finance ministers and officials have warned. Broader regional tensions would have significant economic ramifications, they said, as they rounded off meetings of the IMF and World Bank in Morocco this week. The biannual events
The crisis in the Middle East triggered by Hamas’s attack on Israel is becoming a big test of China’s ambitions to build influence in a region traditionally dominated by the US, according to diplomats and analysts. Washington remains overwhelmingly the strongest military power in the Middle East and demonstrated its might by dispatching two carrier
Stay informed with free updates Simply sign up to the Sovereign bonds myFT Digest — delivered directly to your inbox. The war between Israel and Hamas is heaping pressure on borrowing costs in neighbouring countries, as international investors grow increasingly concerned that the conflict will rapidly escalate. The spreads — or gaps — between the
On the campaign trail in 2009 Benjamin Netanyahu visited the Israeli city of Ashkelon, which had been hit by recent rocket fire from Palestinian militants in nearby Gaza, and vowed to “return security . . . to the citizens of Israel” and topple Hamas. Such tough-talking helped Netanyahu win the election, and he has positioned himself ever since as
The spectre of a wider conflict in the Middle East poses a fresh threat to the global economy just as the world emerges from shocks triggered by Covid-19 and the Ukraine war, finance ministers and officials have warned. Broader regional tensions would have significant economic ramifications, they said, as they rounded off meetings of the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Merck’s research chief has called on the UK government to make the country more welcoming to pharma companies, ahead of the US-based drugmaker breaking ground on a £1bn research centre in London next week. Dean
Stay informed with free updates Simply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox. Regulators must quickly find a way to manage risks posed to financial stability by the concentration of power in artificial intelligence platforms, the chair of the US Securities and Exchange Commission has urged. Gary Gensler
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Santander has set aside $250mn to turbocharge the expansion of its corporate and investment bank over the next two years, as rivals on Wall Street prepare for some of the biggest job cuts since the
For Abraham Orden, a 43-year-old Jewish software executive from the Washington suburbs, the first inkling that the reaction to Hamas’s terror attack in southern Israel might not be what he anticipated came just hours after the assault had begun. An Israeli woman on a WhatsApp group of mothers to which his wife belongs posted about
A Reuters journalist has been killed and six journalists were injured after shelling in southern Lebanon. “We are deeply saddened to learn that our videographer, Issam Abdallah, has been killed,” said a Reuters spokesperson. The shelling occurred during an exchange of fire along the border with Israel, during which there have been sporadic artillery exchanges
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tens of thousands of Palestinians fled northern Gaza for a second day ahead of an evacuation deadline, as Israel extended an aerial bombardment and carried out limited raids into the enclave to search for hostages
At times of war the art of strategy is to align military means with political ends. However competent the armed forces and brilliant their tactics, if they cannot reach the desired objective then something has to give: the objective must be made more realistic or more means must be found. If neither is possible the
The writer is a retired professor of philosophy and held the post of the Palestinian Liberation Organization representative in Jerusalem As someone who is one year younger than Israel and lived in Jerusalem for the longer part of my life, the horrors now being relayed about the suffering of Israeli civilians and the devastation of
After Hamas killed more than 1,300 civilians and soldiers and took dozens of hostages in its weekend assault, Israel has bombarded Gaza. It has cut off water and fuel and told the strip’s northern residents to evacuate. Palestinian authorities say more than 1,500 people in Gaza have died. The conflict has raised questions about which
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. JPMorgan Chase reported a 35 per cent jump in profits for the third quarter, as the biggest US bank continues to reap the benefits from higher interest rates and lower than normal loan losses. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Republicans in the US Congress have gone home for the weekend without selecting a new Speaker of the House of Representatives, ensuring that the crisis of leadership and bitter party infighting consuming Washington drags into
As Israel continues its aerial bombardment of Gaza and masses forces on the border of the coastal enclave, the objective of the Israeli campaign has been made clear: to destroy Hamas. How the Israeli military plans to do that is still unclear. By ordering nearly half of Gaza’s 2.3mn population to leave their homes and
The moment Nadav Peretz began to lose hope was when he finally got through to the emergency helpline. The Hamas militants embarking on what would become the deadliest ever attack on Israeli territory had burst into his kibbutz, or communal village, of Nahal Oz. Peretz and his partner had been hiding in the safe room
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Only in the days that followed was the true horror of last Saturday’s attack by Hamas on Israel laid bare. Women, children and elderly among the dead; 260 music festival-goers slaughtered; an 85-year-old woman among