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...— to 60— since the pandemic began, according to Stephen Ng, who leads the bank’s south-east Asia and south Asia operations....
...Could cautious optimism on the global economy be derailed by the weekend’s events in the Middle East?...
...Violence flared in the occupied West Bank on Saturday as settlers torched cars and buildings in Palestinian villages after the killing of an Israeli teenager in what the Israeli military said was a “terrorist...
...Interest rate traders anticipate less than half as many reductions by global central banks as at the beginning of the year....
...The West Bank is also severely impacted,” Georgieva said during a speech in Washington on Thursday....
...Daniel Hynes, senior commodity strategist at ANZ Bank, said the fact that the attacks were well telegraphed had eased oil market concerns....
...“The Middle East is going to be volatile forever. But if Ukraine loses to Russia, that would be a step change for Europe and Nato. Where do our strategic priorities really lie?”...
...DBS, south-east Asia’s largest bank by total assets, this month reported that NIM in October-December stood at 2.13 per cent, just a whisker above the 2.12 per cent recorded in January-March and the second-lowest...
...Israeli human rights group B’Tselem says 620,000 Jewish settlers are living in East Jerusalem and the West Bank, which have been occupied by Israel since the six-day war in 1967....
...US Federal Reserve chair Jay Powell said on Tuesday it was likely to take “longer than expected” for inflation to fall to the central bank’s target level and make rate cuts appropriate....
...More than 700,000 Israelis now live in settlements set up beyond the Green Line that demarcates the country’s original borders, before the 1967 war and occupation of the West Bank and East Jerusalem....
...However, Israel has signalled that it is likely to respond, risking a full-blown Middle East conflict....
...Jun Ohta, the chief executive of Sumitomo Mitsui Financial Group and the driving force behind the bank’s recent wave of expansion in the US and south-east Asia, has died at the age of 65....
...Middle East....
...Amman also fears that Israel’s war against Hamas could spill over its border, particularly from the occupied West Bank....
...The Palestinian Authority exercises limited self-rule in parts of the occupied West Bank. It ruled Gaza until 2007, when it was ousted by Hamas....
...But the war has exacerbated deep economic and social pressures in the Arab state of 100mn people, leading donors and allies, including the IMF, the World Bank, the EU and the United Arab Emirates, to provide...
...Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies....
...It’s quite a change from just a few weeks ago,” said Farouk Soussa, Middle East and north Africa economist at Goldman Sachs....
...There is the reality for those who live in the Occupied Palestinian Territories of the West Bank and Gaza and East Jerusalem; for those who live within the state of Israel as citizens; and those of us who...
...Related stories Indonesia’s Prabowo meets Xi in rare pre-inauguration China visit World Bank sees 4.6% growth in developing Asia in 2024 Chinese warships spotted again at Cambodia naval base First US-Japan-Philippines...
...end of March, unless other donor countries step up, UNRWA will be unable to pay its 30,000 staff, and will stop providing services not only to refugees in Gaza but to almost 4mn more in the occupied West Bank...
...Multilateral development banks right now are the only game in town.”...
...But the bank appealed to the Supreme Court, which set a hearing for August. Bank Leumi declined to comment....
...In combination with its withholding of tax revenues, the measures have delivered a huge blow to the West Bank’s economy....
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