Israel-Hamas War Escalation Puts Qatar’s Clout to the TestStrained Markets Face Added Tension as Israel-Hamas War Heats UpTop-Ranked Fund Cuts Firms Boosted by Weak Yen, Buys China Inc.
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Israel's Economy Set to Shrink 11% as Hamas War Escalates: JPMorganIsrael's economy is expected to shrink by 11% due to the escalating conflict with Hamas, according to JPMorgan. The ongoing war between Israel and Hamas is unlike anything that has happened before. The death toll in Acapulco rises as Mexico deals with the aftermath of Hurricane Otis. Vice President Pence unexpectedly ends his 2024 campaign against Trump. Dutch Premier Rutte expresses openness to becoming the next NATO Chief. South Africa considers a visa waiver for Chinese and Indian nationals. Allies are concerned that the US is overextended as global conflicts spread. The G-7 trade chiefs condemn the weaponization of economic dependencies. X introduces subscription tiers costing up to $16 a month. GM CEO Barra faces setbacks as Cruise suspends operations. A former JPMorgan banker proposes an alternative plan for Telecom Italia. Lisbon sees an influx of digital nomads while Portugal's youth leave in large numbers. A crypto unicorn expects India to lower taxes on trading. Israeli troops enter Gaza for a limited raid. Boeing assesses a data dump threat from a cyber gang. Mohamed A. El-Erian criticizes the U.S. Fed for failing in four ways. The remote working boom benefits college towns like Knoxville. The U.S. economy shows dismal performance.
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