Israel, West Bank and Gaza
The Bank of Israel could reduce short-term interest rates one or two times in the second half of 2025 as long as inflation moves back below 3%, Governor Amir Yaron said on Wednesday.
Palestinian health workers say an Israeli strike on a built-up refugee camp in the occupied West Bank has killed two people as a ceasefire in the Gaza Strip entered a third day.
The action came a day after President Donald Trump said he will lift sanctions on ultranationalist Israeli settlers who attacked Palestinian villages.
The company fulfilled requests from Israel’s military for more access to AI tools, as it sought to compete with Amazon, documents obtained by The Post show.
Saudi Arabia's foreign minister said on Tuesday he did not see Donald Trump's new administration increasing the risk of an Israel-Iran conflict, addressing an issue the region has feared since the start of Israel's war in Gaza.
The announcement came shortly after President Trump rescinded Biden-era sanctions on Israeli settlers and Jewish extremists raided Palestinian villages in protest against the cease-fire in Gaza.
Israel spent about 100 billion shekels ($28 billion) on military conflicts in 2024, the finance ministry said on Tuesday, a figure that has sharply pushed up government borrowing and the country's debt burden.
Israel said it will maintain control of the Rafah border crossing between Egypt and the Gaza Strip during the first phase of the ceasefire with Hamas. A statement by Prime Minister Benjamin Netanyahu’s office on Wednesday denied reports that the Palestinian Authority would control the crossing.
The Attorney General has suggested Israel’s actions in the West Bank and Gaza could “amount to apartheid”. In 2023, Lord Hermer signed an open letter claiming Benjamin Netanyahu’s government is led by a “far-Right” coalition and that the international court in The Hague could rule its actions meet the legal definition of apartheid.
While the cease-fire is welcome news, there is a very real possibility that we have yet to see the end of the Israel-Hamas war.