JERUSALEM - 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.
Schools were shut and many companies gave workers the day off, and most stores other than supermarkets and pharmacies were closed. Intel Corp, Israel's largest employer and exporter, declined to say whether chip production was affected. Mike Segar/ReutersA federal judge has gifted Donald Trump a step toward getting his classified documents case delayed until after the 2024 presidential election. On Friday, U.S. District Judge Aileen Cannon granted a temporary stay on a filing deadline for Trump as she deliberates whether to postpone the entire schedule of pre-trial proceedings. Her order didn’t, however, address whether the May 2024 trial date will be moved.