Israel markets sink, businesses shut after Hamas attack

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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsJERUSALEM - Israeli stock and bond prices slid and many businesses were closed on Sunday, a day after Hamas gunmen from Gaza killed hundreds of Israelis and abducted an unknown number of others.

"This round of violence is expected to be more prolonged and severe than previous ones, clearly having a more negative impact on the economy and the fiscal budget," said Jonathan Katz, chief economist at Leader Capital Markets. Finance Minister Bezalel Smotrich said he had directed heads of ministry departments to quickly provide the budgets required for the management of the war.Delta Air Lines said flights from Israel to New York and Atlanta were cancelled through Monday, while United Airlines said"future operations at TLV will be suspended until conditions allow them to resume." Air India said flights to and from Tel Aviv would be suspended until Oct. 14.

Nvidia, the world's largest maker of chips used both for artificial intelligence and for computer graphics, said it had cancelled its AI summit in Tel Aviv next week, where CEO Jensen Huang was scheduled to speak.

 

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