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  • China’s narrowing trade slump boosts recovery prospects, but challenges persist | CNN Business

    China’s narrowing trade slump boosts recovery prospects, but challenges persist | CNN Business


    Beijing
    Reuters
     — 

    China’s exports and imports shrank at a slower pace for a second month in September, customs data showed on Friday, adding to the recent signs of a gradual stabilization in the world’s second-biggest economy thanks to a raft of policy support measures.

    The trade report should provide some encouragement to authorities, although stiff challenges remain in an economy facing persistent deflationary pressure, a long-running property crisis, a slowdown in global growth and geopolitical tensions.

    Outbound shipments in September declined 6.2% from a year ago, following a drop of 8.8% in August, and beating economists’ forecast for a 7.6% fall in a Reuters poll.

    The figures were backed up by new export orders in an official factory survey two weeks ago which showed improvement last month, partly because of a peak export shipping season for Christmas products and favorable base effects.

    “There’s increasing evidence that the cyclical upturn in the global electronics sector is driving a bottoming-out of global trade and China’s trade data is the latest sign,” said Xu Tianchen, senior economist at the Economist Intelligence Unit.

    “This gives reason for optimism about a rosier trade picture in 2024,” he said.

    South Korean exports to China, a leading indicator of China’s imports, fell at their slowest pace in 11 months in September. Semiconductors make up the bulk of their trade, signaling improving appetite among Chinese manufacturers for components to re-export in finished goods.

    Global trade activities, represented by the Baltic Dry Index, also reported notable growth in September.

    However, Lv Daliang, spokesperson of the General Administration of Customs, said at a press conference earlier on Friday that China’s trade still faces a complex and severe external environment.

    Thanks to gradual recovery in domestic demand, imports also fell at a slower pace, down 6.2%. They missed the 6.0% decline forecast in the poll, but came in better than a 7.3% contraction in August.

    That resulted in a broader trade surplus of $77.71 billion in September, compared with a $70 billion surplus expected in the poll and $68.36 billion in August.

    Overall, economists say it’s too early to make a call on how domestic demand will pan out in coming months as the crisis-hit property sector, uncertainties in employment and household income growth, as well as weak confidence among some private firms, pose risks to a durable economic rebound.

    The $18 trillion economy started losing steam from the second quarter after a brief post-Covid bounce, prompting policymakers to roll out several measures to shore up the recovery in the face of a sluggish housing market, high youth unemployment and mounting local debt repayment pressure.

    China’s consumer prices faltered and factory-gate prices shrunk slightly faster than expected last month compared with a year earlier, inflation data released earlier on Friday showed, indicating that deflationary pressures persist in the economy.

    Yet, authorities can take some comfort from recent data including upbeat factory activity and retail sales while the past Golden Week holiday travel edged up 4.1% from pre-pandemic 2019 levels.

    In order to help the economy meet the government’s annual growth target of around 5%, China is considering issuing at least 1 trillion yuan ($137.00 billion) of additional sovereign debt to fund infrastructure projects, as Beijing prepares to bring a new round of stimulus, Bloomberg News reported on Tuesday, citing people familiar with the matter.

    Most analysts have been reiterating in recent months that policymakers will need to go further than introducing piecemeal measures in order to bolster the economic recovery.

    “Whatever does emerge from Beijing over the coming months, it likely won’t be quick enough to make any meaningful difference to 2023,” said Robert Carnell, regional head of research Asia-Pacific at ING in a note.

    “At best, it should be viewed as a pain management tool for the transition to a less leveraged economy.”

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    October 12, 2023
  • In Gaza, Palestinians have no safe place from Israel’s bombs | CNN

    In Gaza, Palestinians have no safe place from Israel’s bombs | CNN



    CNN
     — 

    When Hamas fires rockets at Israel, advanced warning detectors set off alarms in targeted neighborhoods, civilians flee to an extensive network of bomb shelters, and the vaunted Iron Dome system works to intercept projectiles in the air.

    But in Gaza, none of those high-tech defenses were available to protect Maisara Baroud, 47, when his apartment building was hit by Israeli airstrikes Monday night. The only thing that saved him and his family: A neighbor yelling from the street.

    The neighbor received a call from Israeli military, giving him a heads up that a strike at a nearby residential building was imminent. Still, the neighbor told Baroud and the 15 other family members living in Baroud’s building – including nine children – to get out.

    The first strike wrecked most of the six buildings on the block, including Baroud’s.

    “My building was no longer livable – it was a skeleton of a house left,” he added. “The doors were destroyed, the building’s exterior walls were all gone, the windows shattered.”

    Still, Baroud and others assumed the worst was over and headed back into the building to salvage their belongings. Minutes later, the neighbor received a follow-up call from the Israeli military that a follow-up bombing was coming, and the families fled again.

    A second strike destroyed Baroud’s home, reducing his building and his art studio to rubble.

    This is the reality for Palestinians living in Gaza without the protection of a robust civil defense infrastructure. With no air raid sirens or bomb shelters, the more than 2 million Palestinians living in the besieged territory – half of whom are children – rely on rare phone calls or text messages from the Israeli military to alert them of imminent strikes.

    “In Gaza, we don’t have anything…you have nowhere to go, no bomb shelters, no refuge, you are in the street,” Baroud said. “If you’re lucky enough to even get an alert to tell you to get out of the house, you leave saying, ‘Thank God.’”

    The lack of protection serves as a stark contrast to the civil defense systems of Israel, which has faced intense barrages of rocket fire from Hamas in recent days. Israel boasts elaborate and technologically advanced capabilities – ranging from early radar detection to the Iron Dome – meant to protect its civilians in the event of an attack.

    In Gaza, the call or text alerts are far from guaranteed and – at most – give residents a few minutes to evacuate. Often, it’s just a guessing game.

    The lack of civil defense has also affected international humanitarian and medical workers, who are faced with sporadic, momentary notice of Israel’s counterattacks.

    A post from Doctors Without Borders on Tuesday noted how some of its team members in Gaza receive a text message in the middle of the night telling them to evacuate their homes.

    “You have to wake up your children in the middle of the night and leave your house, without taking any of your belongings,” the post said.

    Dr. Barbara Zind, a US-based pediatrician in Gaza on a medical mission, was speaking to CNN Tuesday about being stranded in the area when her interview was interrupted by loud bombings outside her hotel. Asked if she could seek safe shelter, she responded: “There are no bomb shelters here.”

    Warning phone calls from the Israelis also are more likely to be missed in Gaza because of rolling blackouts. The territory’s only power station ran out of fuel Wednesday and stopped working, this after Israel ordered a “complete siege” and cut off access to food, fuel, water and electricity.

    What remains of Maisara Baroud's building after Israeli airstrikes turned it to rubble.

    Israel, however, has invested heavily over the years in its civil defense systems to protect civilians from rockets and mortars fired by Hamas and other militant groups in the region. Its elaborate and technologically advanced capabilities are meant to protect its people and minimize harm in the event of a rocket attack.

    Azriel Bermant, senior researcher at the Institute of International Relations Prague, says Israel is “very strong and well-organized” on the civil defense front.

    “It’s about saving lives, it’s about strengthening morale, it’s about reducing pressure on the government to send in ground forces,” Bermant said. “If the government knows that the public is protected, especially in a war situation, they feel the public will support the government in what it does.”

    Crucially, the Israeli Defense Forces has developed early warning systems that sound sirens whenever rockets are fired towards Israel. These warning systems are able to calculate the location where a rocket is projected to land and set off a siren in the targeted area, often giving residents advance notice to find shelter.

    Civil defense capabilities are also built into the infrastructure of Israel. Israeli law requires all homes, residential buildings, and industrial building to have bomb shelters. These shelters prove crucial to protect Israelis when warning sirens go off – providing the public with safe and fortified locations to hide from incoming rockets.

    Israel also possesses key active defense measures. The most notable is called the Iron Dome System. Deployed in 2011, the Iron Dome is designed to shoot down incoming projectiles. It is equipped with a radar that detects rockets and then uses a command-and-control system that quickly calculates whether an incoming projectile poses a threat or is likely to hit an unpopulated area. If the rocket does pose a threat, the Iron Dome fires missiles from the ground to destroy it in the air.

    Bermant said when it comes to missile defense, “there’s no question it saves lives,” and that it also can act as a deterrent.

    The system isn’t foolproof, however, and when the volume of rockets fired by Hamas comes in intense barrages, it decides which pose the greatest threat to urban areas and infrastructure and targets those. Some rockets get through.

    Additionally, Israel has several public awareness campaigns that are intended to educate the public on best practices in response to air raid sirens – such as where to go, how much time one has to find cover, and what to do if there is no readily available safe site.

    With far less resources, Gaza hasn’t built anything comparable to the Israeli defense systems. While Hamas has constructed a network of underground tunnels for its fighters, it hasn’t invested in civilian shelters or warning networks.

    Gaza has been cut off from the rest of the world by an Israeli blockade of Gaza’s land, air and sea dating back to 2007, with tight restrictions on the movement of goods. It has been described by Human Rights Watch as the “world’s largest open-air prison.”

    “The disparity is primarily because of the blockade, which has really undermined Gaza’s infrastructure,” said Tareq Baconi, board president of the Palestinian policy network Al-Shabaka. “All entry of goods, all the resources that might be used to build that kind of a system are curtailed.”

    The lack of defenses has left civilians like Baroud living in fear. As he examines the ruins of his building, he said he’s left wondering why his home was hit.

    “I keep asking myself why? … There’s no point in asking why.”

    Source link

    October 12, 2023
  • ‘Complete paralysis:’ Palestinian medics say disaster awaits Gaza as Israel pounds enclave with airstrikes | CNN

    ‘Complete paralysis:’ Palestinian medics say disaster awaits Gaza as Israel pounds enclave with airstrikes | CNN



    CNN
     — 

    Medical and relief workers are pleading for safe passage for the 2 million civilians in Gaza as Israel pounds the enclave with airstrikes and imposes a complete siege, in response to the brutal attack launched by the militant group Hamas.

    Time is running out for the residents crammed into the increasingly battered 140-square-mile territory under Israeli and Egyptian blockades, as supplies of food and water run low. Families are desperately searching for shelter as missiles flatten buildings and towers. Medical supplies are in dire shortage. And most of the enclave has already lost power, after the fuel that generates electricity ran out on Wednesday.

    At least 1,417 Palestinians, including 447 children and 248 women, have so far been killed in Gaza, and 6,268 others injured, according to the Palestinian Ministry of Health.

    In Israel, at 1,200 people have been killed, Israel Defense Forces (IDF) spokesperson Lt. Col. Jonathan Conricus said on Wednesday. Israel also said that up to 150 hostages, including civilians, have been taken to Gaza by Hamas – which controls the strip.

    Relief groups are calling for the protection of the many civilians in Gaza who continue to bear the brunt of the bloody war between Hamas and Israel, urging that an emergency corridor be established for the transfer of humanitarian aid.

    Smoke billows over Rafah, in southern Gaza, on Thursday. Israeli forces hammered the enclave for a sixth consecutive day.

    Israeli Energy Minister Israel Katz on Thursday said Israel would deprive the strip of electricity, water and fuel until Hamas returns the hostages.

    “No electrical switch will be turned on, no water hydrant will be opened, and no fuel truck will enter until the Israeli abductees are returned home,” Katz wrote on the social media platform X, formerly Twitter. “And no one will preach us morals,” he added.

    Responding to a question about whether Israel is upholding the laws of warfare with its siege on Gaza, Israeli President Isaac Herzog said on Thursday his country “abides by international law, operates by international law.”

    “Every operation is secured and covered and reviewed legally with all due respect,” Herzog told CNN’s Becky Anderson at a press briefing in Jerusalem, adding that talk about war crimes is “totally out of context.”

    Dr. Mustafa Barghouti, the co-founder of the Palestinian Medical Relief Society (PMRS), warned the complete siege of Gaza will pollute water and reduce oxygen supplies, depleting health indicators, including infant and maternal mortality rates, poverty, starvation and the spread of waterborne diseases and gastrointestinal infections.

    “You will have a very big rise of maternal mortality of women who are going to give birth under terrible conditions. We will see epidemics starting to spread in Gaza,” he said. “That’s also besides the number of people who will be killed by Israeli air strikes.

    “We are heading towards a complete paralysis of the medical system there.”

    Human Rights Watch earlier this week criticized Israel’s call for the complete siege as a form of “collective punishment” and a “war crime.”

    The Israeli blockade on Gaza has crippled the health system inside the Palestinian enclave, medical workers told CNN, as emergency teams struggle to triage patients amid dwindling medical supplies.

    Barghouti, the PMRS co-founder, said patients with pre-existing health conditions, including cancer and chronic kidney failure, are at risk of death because the siege has blocked access to fresh drugs.

    The PMRS has 180 doctors, nurses and psychotherapists stationed inside Gaza, alongside thousands of volunteers, he told CNN on Wednesday.

    “I receive calls around the clock from our people there [in Gaza], patients with kidney problems who need kidney dialysis, telling me that they could die in a few days,” said Barghouti, who is also the leader of the Palestinian National Initiative, a political party headquartered in the occupied West Bank.

    “Our medical teams are finding great difficulty moving from one place to another because, as people will say, there is no safe place at all. So it’s a disaster in front of our eyes.”

    A British-Palestinian surgeon working in Gaza, Ghassan Abu-Sitta, said that unless a humanitarian corridor replenishes the system, hospitals may not make it to the end of the week.

    “Unless there is a cessation of the bombing and the humanitarian corridor (opens), the Palestinian health system will not survive beyond the week,” Abu-Sitta, who was working inside Shifa Hospital in Gaza City but is now operating from a hospital in northern Gaza’s Jabalia refugee camp, told CNN.

    The doctor is yet to see any aid come through.

    Palestinian citizens inspect damage to their homes, which were destroyed by Israeli airstrikes in the Karama area, in northern Gaza, on Wednesday.

    Hospitals all over Gaza are overwhelmed with patients, he said, adding that power is limited to generators and already scarce drinking water is being transported in tanks. Concerns of diseases spreading, including cholera, are growing, Abu-Sitta added.

    The International Committee of the Red Cross (ICRC) warned on Thursday that Gaza likely only has enough fuel for a few more hours.

    “I wanted to say we are going toward a catastrophe, but we are already in the catastrophe,” ICRC’s regional director for the Middle East told reporters during a briefing in Geneva, adding that the humanitarian situation will soon become “unmanageable.”

    Gaza’s health infrastructure is close to a breaking point, Dr. Ashraf Al-Qudra, a spokesperson for the Palestinian Ministry of Health in Gaza, said Thursday. All beds are occupied, and there is no room for new patients in critical condition, Al-Qudra said.

    Earlier Thursday the International Committee of the Red Cross (ICRC) said hospitals in Gaza “risk turning into morgues” amid power cuts.

    The Palestinian Minister of Health Mai Al Kaila on Thursday called for urgent international help to field hospitals in Gaza. Medical supplies, emergency departments and intensive care units are urgently needed, she said.

    With the current Israeli siege, the only corridor through which Palestinians or aid can pass in and out of Gaza is the Rafah Crossing, which connects Gaza to Egypt.

    Egypt on Thursday denied reports of the crossing being closed, saying it has however sustained damage due to repeated Israeli airstrikes on the Palestinian side of the border.

    Palestinian officials in Gaza had said two days earlier that the crossing had been closed due to Israeli airstrikes. CNN could not independently verify whether the crossing is open or closed.

    In a statement, Egypt called on international partners to send humanitarian and relief aid to Palestinians in Gaza, adding that Egyptian authorities will be receiving aid packages at the Al-Arish International Airport in north Sinai.

    A Jordanian plane carrying medical aid for Gaza left for Egypt on Thursday, according to a statement from the Jordanian Hashemite Charitable Organization, a state-run relief agency, adding that the supplies will be delivered to medical authorities in Gaza through the Rafah border crossing.

    It is unclear how the aid will cross the border amid airstrikes on Gaza.

    CNN has reached out to the Egyptian government about the status of Rafah crossing, whether aid will be able to pass through, and whether Palestinians fleeing the conflict will be able to cross into Egyptian territory.

    The US said it is in talks with Israel and Egypt about creating a humanitarian corridor through which civilians can cross.

    “We’re talking to Israel about that. We’re talking to Egypt about that (getting civilians out of Gaza),” Secretary of State Antony Blinken said on Wednesday prior to departing for Israel.

    A senior Israeli official told CNN on Wednesday talks are “underway” to allow US citizens and Palestinian civilians in Gaza to cross over into Egypt ahead of any possible land invasion of the territory by Israeli forces.

    The official with knowledge of the negotiations told CNN’s Matthew Chance on Wednesday that under the proposal being discussed, all American citizens would be permitted to pass through the Rafah border crossing if they present their US passports, while the movement of other Palestinian civilians would be limited to 2,000 people a day.

    Final approval of the arrangement would need to come from the Egyptians, who control the Rafah crossing between Gaza and Egypt, but the Israeli official said it was “in Israel’s interests” for as many Palestinians as possible to leave Gaza.

    The IDF on Wednesday said it has amassed some 300,000 reservists near the Gaza border.

    “They (Hamas) will regret this moment – Gaza will never return to what it was,” Israeli Defense Minister Yoav Gallant said earlier.

    Source link

    October 12, 2023
  • How does Hamas get its weapons? A mix of improvisation, resourcefulness and a key overseas benefactor | CNN

    How does Hamas get its weapons? A mix of improvisation, resourcefulness and a key overseas benefactor | CNN



    CNN
     — 

    The brutal rampage by Islamist militant group Hamas on Israel last weekend involved thousands of rockets and missiles, drones dropping explosives, and untold numbers of small arms and ammunition.

    But the attack was launched from the Hamas-ruled enclave of Gaza, a 140-square-mile (360-square-kilometer) strip of Mediterranean coastal land bordered on two sides by Israel and one by Egypt.

    It’s a poor, densely populated area, with few resources.

    And it has been almost completely cut off from the rest of the world for nearly 17 years, when Hamas seized control, prompting Israel and Egypt to impose a strict siege on the territory, which is ongoing.

    Israel also maintains an air and naval blockade on Gaza as well as a vast array of surveillance.

    Which begs the question: How did Hamas amass the sheer amount of weaponry that enabled the group to pull off coordinated attacks that have left more than 1,200 people dead in Israel and thousands more injured – while continuing to rain rocket fire down on Israel?

    The answer, according to experts, is through a combination of guile, improvisation, tenacity and an important overseas benefactor.

    “Hamas acquires its weapons through smuggling or local construction and receives some military support from Iran,” the CIA’s World Factbook says.

    While the Israeli and US governments have yet to find any direct role by Iran in last weekend’s raids, experts say the Islamic Republic has long been Hamas’ main military supporter, smuggling weapons into the enclave through clandestine cross-border tunnels or boats that have escaped the Mediterranean blockade.

    “Hamas’ tunnel infrastructure is still massive despite Israel and Egypt regularly degrading it,” said Bilal Saab, senior fellow and director of the Defense and Security Program at the Middle East Institute (MEI) in Washington.

    “Hamas has received arms from Iran smuggled into the (Gaza) Strip via tunnels. This often included longer-range systems,” said Daniel Byman, a senior fellow with the Transnational Threats Project at the Center for Strategic and International Studies (CSIS).

    “Iran has also been shipping Hamas its more advanced … ballistic missiles via sea, in components for construction in Gaza,” said Charles Lister, senior fellow at the MEI.

    mark kimmett

    Retired general explains why he thinks Iran helped support Hamas attacks

    But Iran has been a mentor, too, analysts say.

    “Iran also helped Hamas with its indigenous manufacturing, enabling Hamas to create its own arsenals,” said Byman at the CSIS.

    A senior Hamas official based in Lebanon gave details of the Hamas’ weapons manufacturing in an edited interview with Russia Today’s Arabic-news channel RTArabic published on their website on Sunday.

    “We have local factories for everything, for rockets with ranges of 250 km, for 160 km, 80km, and 10 km. We have factories for mortars and their shells. … We have factories for Kalashnikovs (rifles) and their bullets. We’re manufacturing the bullets with permission from the Russians. We’re building it in Gaza,” Ali Baraka, head of Hamas National Relations Abroad, is quoted as saying.

    A Palestinian man is lowered into a smuggling tunnel beneath the Gaza-Egypt border, in the southern Gaza Strip, on September 11, 2013.

    For bigger items, the MEI’s Lister said Iran’s Islamic Revolutionary Guard Corps, a branch of the Iranian military that answers directly to the country’s supreme leader, has been giving Hamas engineers weapons training for almost two decades.

    “Years of having access to more advanced systems has given Hamas engineers the knowledge necessary to significantly enhance its domestic production capacity,” Lister said.

    And Tehran keeps the training of Hamas’ weapons makers current, he added.

    “Hamas’ rocket and missile engineers are part of Iran’s regional network, so frequent training and exchange in Iran itself is part and parcel of Iran’s efforts to professionalize its proxy forces across the region,” Lister said.

    But how Hamas sources the raw materials for those indigenous weapons also shows the ingenuity and resourcefulness of the group.

    Gaza has none of the heavy industry that would support weapons production in most of the world. According to the CIA Factbook, its main industries are textiles, food processing and furniture.

    But among its main exports are scrap iron, which can provide material to make weapons in the tunnel network below the enclave.

    And that metal in many instances comes from previous destructive fighting in Gaza, according to Ahmed Fouad Alkhatib, who wrote about it for the Washington Institute for Near East Policy’s Fikra Forum in 2021.

    When Gaza infrastructure has been destroyed in Israeli airstrikes, what’s left – sheet metal and metal pipes, rebar, electrical wiring – has found its way into Hamas’ weapon workshops, emerging as rocket tubes or other explosive devices, he wrote.

    Recycling unexploded Israel munitions for their explosive material and other parts adds to Hamas’ supply chain, Alkhatib wrote.

    “The IDF’s operation indirectly provided Hamas with materials that are otherwise strictly monitored or forbidden altogether in Gaza,” he wrote.

    Rimal Gaza airstrikes screengrab vpx

    Drone video shows Israel pounding Gaza

    Of course, all of that didn’t happen overnight.

    To fire as many munitions as it did on Saturday in such a short period means Hamas must have been building up its arsenal, both by smuggling and manufacturing, over the long haul, said Aaron Pilkington, a US Air Force analyst on Middle East affairs and PhD candidate at the University of Denver.

    Baraka, the Hamas official in Lebanon, said the militant group had been preparing last weekend’s attack for two years.

    He made no mention of any outside involvement in the planning of the attack, saying in the Russian media report only that the allies of Hamas “support us with weapons and money. First and foremost, it is Iran that gives us money and weapons.”

    The analysts also say the size and scope of Hamas’ raids on Israel caught them – as well as Israeli and other countries intelligence services – off guard.

    “It is important to remember that firing off a bunch of rockets is actually very uncomplicated,” Pilkington said.

    “What is surprising, … is how you could set stockpile, move, set up, and fire thousands of rockets all while eluding Israeli, Egyptian, Saudi intelligence, etc. It is difficult to see how Palestinian militants could have done this without … Iranian guidance.”

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    October 11, 2023
  • GM settles strike at Canadian plants | CNN Business

    GM settles strike at Canadian plants | CNN Business


    New York
    CNN
     — 

    A strike at General Motors’ Canadian plants is over less than a day after it started, according Unifor, the union that represents more than 4,000 autoworkers at the company.

    The strike had begun 11:59 pm Monday when Unifor said GM had refused to agree to a deal similar to the one the union previously reached with Ford. That kind of deal is known as a pattern agreement.

    The union said the company quickly gave in to union demands once the strike started.

    “When faced with the shutdown of these key facilities General Motors had no choice but to get serious at the table and agree to the pattern,” said Unifor National President Lana Payne. “The solidarity of our members has led to a comprehensive tentative agreement that follows the pattern set at Ford to the letter.”

    The union said strike actions are on hold to allow the membership to vote on the tentative agreement. The strike could resume if the rank-and-file members fail to ratify the deal.

    But it’s uncertain whether it will win approval of membership. Only 54% of Unifor members at Ford voted in favor of the deal.

    The Unifor strike occurred while GM as well as rivals Ford and Stellantis were already dealing with strikes by the United Auto Workers union. That strike had started September 15 against targeted facilities of each company. More than 25,000 UAW members are now on strike at the three companies, with nearly 10,000 of those at GM.

    “This record agreement, subject to member ratification, recognizes the many contributions of our represented team members with significant increases in wages, benefits and job security while building on GM’s historic investments in Canadian manufacturing,” said GM’s statement.

    Details of the Unifor deal were not immediately available. But the deal with Ford included a wage increase of 10% in the first year of the agreement, followed by a 2% and 3% increase over the next two years of the contract. It also restored the cost-of-living adjustments (COLA) to protect workers from rising prices.

    The Ford agreement also returned to a pension plan — rather than just 401(k)-style retirement accounts — for Unifor members hired at Ford in recent years. And it converted temporary staff who work full-time shifts into permanent employees.

    Autoworkers in both Canada and the United States used to all have COLA clauses in their contracts as well as traditional pension plans that pay retirees a set amount every month as long as they live. But the automakers got unions on both sides of the border to give up the COLA for all members and traditional pensions for new hires when the companies were in financial distress in 2007 through 2009.

    Restoring those concessions have been a major negotiation demand of both Unifor and the UAW.

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    October 10, 2023
  • Biden interviewed in special counsel’s probe into classified documents found at his home, former office | CNN Politics

    Biden interviewed in special counsel’s probe into classified documents found at his home, former office | CNN Politics



    CNN
     — 

    President Joe Biden over the last two days participated in a voluntary interview with special counsel Robert Hur as a part of his classified documents investigation, the White House announced Monday.

    “The President has been interviewed as part of the investigation being led by Special Counsel Robert Hur,” White House counsel’s office spokesperson Ian Sams wrote in a statement Monday. “The voluntary interview was conducted at the White House over two days, Sunday and Monday, and concluded Monday.”

    “As we have said from the beginning, the President and the White House are cooperating with this investigation, and as it has been appropriate, we have provided relevant updates publicly, being as transparent as we can consistent with protecting and preserving the integrity of the investigation,” Sams continued, referring additional questions to the Justice Department.

    The interview marks the first major development in the case known to the public in months and stands in stark contrast to Biden’s predecessor. Former President Donald Trump never interviewed with special counsel Robert Mueller during the investigation into Russian interference in the 2016 election despite extensive negotiations over a potential interview. Trump currently faces criminal charges in two separate special counsel investigations, including one regarding his own handling of classified documents after he left the presidency in January 2021.

    The interview comes months after Biden told CNN there had been “no such request and no such interest” for an interview with the special counsel in the investigation.

    A spokesperson for Hur, who oversees the Justice Department’s probe into classified documents found at Biden’s home and former private office, declined to comment to CNN.

    The interview was scheduled weeks ago, according to a person familiar with the matter. It came as Biden spent the three-day holiday weekend in Washington, a rare occurrence.

    The decision to stay at the White House seemed fortuitous as war erupted in Israel but in reality, the choice to skip traveling to one of his Delaware homes was weeks in the making so the president could sit for the interview. Few people inside the White House were aware of the plans, and there was little indication to those who were working there this weekend that the interview was in the works.

    On Saturday morning, the president woke up to urgent news from his senior advisers: Israel was under attack. He convened a meeting of his national security team at 8:15 a.m ET.

    The hours that followed would be filled with a whirlwind of activity for Biden, as he received multiple briefings by his top national security advisers, got on the phone with world leaders, including Israeli Prime Minister Benjamin Netanyahu in the Oval Office, and addressed the nation from the State Dining Room.

    The president had a light public schedule Sunday and Monday with no public events, and reporters were given relatively early notice that Biden would not have any public appearances. On Monday, the president met with administration officials about the fighting in Israel in the morning and spoke with allies in the afternoon.

    Some of Biden’s closest advisers were spotted at the White House over the weekend, including chief of staff Jeff Zients and senior advisers Mike Donilon and Anita Dunn, who is married to Bob Bauer, the president’s personal attorney. The group huddled in the Treaty Room of the White House residence on Saturday to go over Biden’s planned remarks on Israel.

    On Sunday, Biden remained out of public view, though he did speak with Netanyahu by telephone. His interview for the special counsel investigation went undetected by most of those in the building.

    That evening, he hosted a barbeque for White House residence staffers that included live music. On Monday, he continued the interview – even as events in Israel occupied his agenda. Biden stayed out of the public eye, with the White House calling a lid before noon Monday.

    Hur was appointed in January to investigate incidents of classified documents being found at Biden’s former Washington, DC, office and his Wilmington, Delaware, home. Upon announcing the investigation, Attorney General Merrick Garland laid out a timeline of the case that began with the Washington discovery in November 2022.

    The National Archives informed a DOJ prosecutor on November 4 that the White House had made the Archives aware of documents with classified markings that had been found at Biden’s think tank, which was not authorized to store classified materials, Garland said.

    The Archives told the prosecutor that the documents has been secured in an Archives facility. The FBI opened an initial assessment five days later, and on November 14, then-US Attorney John Lausch was tasked with leading that preliminary inquiry. The next month, on December 20, White House counsel informed Lausch of the second batch of apparently classified documents found at Biden’s Wilmington home, according to Garland’s account. Hours before the announcement of Hur’s appointment, a personal attorney for Biden called Lausch and informed him that an additional document marked as classified had been found at Biden’s home.

    The documents were found “among personal and political papers,” according to a statement from the president’s legal team. The FBI later searched Biden’s Rehoboth Beach, Delaware, home in February and found no additional documents.

    While Biden has not often commented on the case, he said in January that he was surprised to learn that classified documents were found in his former office.

    “I was surprised to learn there were any government records that were taken there to that office,” Biden said in response to a reporter’s question at a news conference in Mexico City, where he was attending a trilateral summit with the leaders of Mexico and Canada.

    He emphasized at the time that he did not know what was in the documents. As CNN previously reported, US intelligence memos and briefing materials that covered topics including Ukraine, Iran and the United Kingdom were among them, according to a source familiar with the matter. Biden didn’t know the documents were there, and didn’t become aware they were there, until his personal lawyers informed the White House counsel’s office, one source familiar with the matter told CNN.

    The president said his attorneys “did what they should have done” by immediately calling the Archives.

    “People know I take classified documents, classified information seriously,” Biden added, saying that the documents were found in “a box, locked cabinet – or at least a closet.”

    After documents were found in his Wilmington home later in January, Biden said he was cooperating fully with the Justice Department. Biden added that the documents were in a “locked garage.”

    “It’s not like they’re sitting out on the street,” he insisted when a reporter asked why he was storing classified material next to a sports car.

    This story has been updated with additional reporting.

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    October 10, 2023
  • The IMF sees greater chance of a ‘soft landing’ for the global economy | CNN Business

    The IMF sees greater chance of a ‘soft landing’ for the global economy | CNN Business


    London
    CNN
     — 

    The International Monetary Fund (IMF) sees better odds that central banks will manage to tame inflation without tipping the global economy into recession, but it warned Tuesday that growth remained weak and patchy.

    The agency said it expected the world’s economy to expand by 3% this year, in line with its July forecast, as stronger-than-expected growth in the United States offset downgrades to the outlook for China and Europe. It shaved its forecast for growth in 2024 by 0.1 percentage point to 2.9%.

    Echoing comments made in July, the IMF highlighted the global economy’s resilience to the twin shocks of the pandemic and the Ukraine war while warning in its World Economic Outlook that risks remained “tilted to the downside.”

    “Despite war-disrupted energy and food markets and unprecedented monetary tightening to combat decades-high inflation, economic activity has slowed but not stalled,” IMF chief economist Pierre-Olivier Gourinchas wrote in a blog post. “The global economy is limping along,” he added.

    The IMF’s projections for growth and inflation are “increasingly consistent with a ‘soft landing’ scenario… especially in the United States,” Gourinchas continued.

    But he cautioned that growth “remains slow and uneven,” with weaker recoveries now expected in much of Europe and China compared with predictions just three months ago.

    The 20 countries using the euro are expected to grow collectively by 0.7% this year and 1.2% next year, a downgrade of 0.2 percentage points and 0.3 percentage points respectively from July.

    The IMF now expects China to grow 5% this year and 4.2% in 2024, down from 5.2% and 4.5% previously.

    “China’s property sector crisis could deepen, with global spillovers, particularly for commodity exporters,” it said in its report

    By contrast, the United States is expected to grow more strongly this year and next than expected in July. The IMF upgraded its growth forecasts for the US economy to 2.1% in 2023 and 1.5% in 2024 — an improvement of 0.3 percentage points and 0.5 percentage points respectively.

    “The strongest recovery among major economies has been in the United States,” the IMF said.

    The agency expects that inflation will continue to fall — bolstering the case for a “soft landing” in major economies — but it does not expect it to return to levels targeted by central banks until 2025 in most cases.

    The IMF revised its forecasts for global inflation to 6.9% this year and 5.8% next year — an increase of 0.1 percentage point and 0.6 percentage points respectively.

    Commodity prices pose a “serious risk” to the inflation outlook and could become more volatile amid climate and geopolitical shocks, Gourinchas wrote.

    “Food prices remain elevated and could be further disrupted by an escalation of the war in Ukraine, inflicting greater hardship on many low-income countries,” he added.

    Oil prices surged Monday on concerns that the latest conflict between Israel and Hamas could cause wider instability in the oil-producing Middle East. Brent crude prices were already elevated following supply cuts by major producers Saudi Arabia and Russia.

    High oil and natural gas prices, leading to skyrocketing energy costs, helped drive inflation to multi-decade highs in many economies in 2022. The latest jump in oil prices could cause a fresh bout of broader price rises.

    Bond investors are already on edge. They dumped government bonds last week in the expectation that the world’s major central banks would keep interest rates “higher for longer” to bring inflation down to their targets.

    The IMF also pointed to concerns that high inflation could become a self-fulfilling prophecy. If households and businesses expect prices to go on rising, that could cause them to set higher prices for their goods and services, or demand higher wages.

    “Expectations that future inflation will rise could feed into current inflation rates, keeping them high,” the IMF noted.

    It added that the “expectations channel is critical to whether central banks can achieve the elusive ‘soft landing’ of bringing the inflation rate down to target without a recession.”

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    October 10, 2023
  • Festivalgoers, children, soldiers: What we know about the people captured by Hamas | CNN

    Festivalgoers, children, soldiers: What we know about the people captured by Hamas | CNN



    CNN
     — 

    Hamas fighters are holding as many as 150 people hostage in locations across Gaza following their raids on southern Israel Saturday, Israel’s ambassador to the United Nations said Monday.

    Their presence is complicating Israel’s response to the militant group’s deadly attack, however Ambassador Gilad Erdan told CNN Monday that the government’s priority is destroying Hamas to restore security for all Israeli citizens.

    “Of course, we want to see all of our boys, girls, grandmothers, everyone who was abducted we want to see them back home, but right now, our focus is looking at our national strategy is to obliterate Hamas terrorist capabilities,” he said.

    In a chilling development earlier Monday, Abu Obaida, the spokesperson of Hamas’ Al-Qassam Brigades, said Hamas would start executing civilian hostages if Israel targets people in Gaza without warning.

    Little evidence has emerged as to the condition of the hostages, some of whom have been identified by their families as they desperately seek answers.

    Here’s what we know so far about those being held.

    Hundreds of attendees at the Nova music festival ran across the plains of the Negev Desert near Urim, a community close to the Gaza Strip, trying to escape Hamas gunmen pursuing them in vehicles in a terrifying chase. Some were killed and others were seized by armed captors, social media videos showed.

    Details of hostages from the attack are beginning to emerge as family members recognize relatives in the clips circulating online.

    In one video that went viral, an Israeli woman and her boyfriend – identified as Noa Argamani and Avinatan Or – were shown being kidnapped. In it, Argamani was hoisted onto the back of a motorcycle and driven away as Or was apprehended and made to walk with his hands behind his back. CNN could not independently verify the video.

    “It’s very difficult when you see someone that is so close to you and you know so much being treated like this,” Amir Moadi, a roommate of Noa Argamani, told CNN, adding that he knew about five or six people who had been at the festival and have since gone missing.

    Noa Argamani, an Israeli woman, who was kidnapped by Hamas militants with her boyfriend.

    In another video authenticated by CNN, an unconscious woman who was at the festival could be seen being displayed by armed militants in Gaza as onlookers shouted “Allahu Akbar.”

    CNN later confirmed the identity of the woman as German-Israeli national Shani Louk.

    Ricarda Louk, Shani’s mother, told CNN that she last spoke to her daughter after hearing rockets and alarms sounding in southern Israel, calling to see if she’d made it to a secure location. Shani told her mother she was at the festival with few places to hide.

    “She was going to her car and they had military people standing by the cars and were shooting so people couldn’t reach their cars, even to go away. And that’s when they took her,” Ricarda told CNN, adding that she hopes to see her daughter again, but the situation is bleak.

    “It looks very bad, but I still have hope. I hope that they don’t take bodies for negotiations. I hope that she’s still alive somewhere. We don’t have anything else to hope for, so I try to believe,” she said.

    Hamas fighters took hostages in the border community Be’eri, and the town of Ofakim, 20 miles east of Gaza, IDF spokesman Brig. Gen. Daniel Hagari said on Saturday, adding that the two locations were the “main focal points” of the unfolding crisis.

    In a televised address, he said that there were special forces with senior commanders in the two communities, and fighting was ongoing in 22 locations.

    One video, geolocated by CNN to Be’eri, appears to show Hamas militants taking multiple Israelis captive.

    Residents in Be’eri and another community on Israel’s border with Gaza, Nir Oz, told the country’s Channel 12 television station that assailants were going door to door, trying to break into their homes.

    Channel 12 also reported that infiltrators had taken hostages in Netiv HaAsara. Israeli authorities did not immediately confirm any details about those reports.

    One Israeli mother told CNN she had been on the phone with her children, ages 16 and 12, who were home alone when they heard gunshots outside and people trying to enter. Then, over the phone, she heard the door break down.

    “I heard terrorists speaking in Arabic to my teenagers. And the youngest saying to them ‘I’m too young to go,’” the mother said. “And the phone went off, the line went off. That was the last time I heard from them.” CNN is not identifying the mother and her children for safety reasons.

    Another Israeli father told CNN he suspects his wife and young daughters may have been abducted while visiting Nir Oz. He said he recognized his wife in a viral video that shows a group of people being loaded on the back of a truck flanked by Hamas militants, while chants of “Allahu Akbar” ring out.

    “I don’t even know what the situation is regarding the hostages, and the situation is not looking good,” Yoni Asher said, adding that he tracked his wife’s phone and learned that it was located in Gaza.

    In another video, geolocated by CNN to Gaza’s Shejaiya neighborhood, a barefoot woman is pulled from the trunk of a Jeep by a gunman and then forced into the backseat of the car. Her face is bleeding, and her wrists appear to be cable-tied behind her back. The Jeep also appears to have an IDF license plate, suggesting it may have been stolen and brought into Gaza.

    Al Qassam Brigades claimed to capture “dozens” of Israeli soldiers on Saturday.

    “We bring good news to our (Palestinian) prisoners and our people that the al Qassam Brigades have dozens of captured (Israeli) officers and soldiers in their hands,” the group’s spokesman Abu Obaida said in a post on Telegram. “They have been secured in safe places and resistance tunnels.”

    Video geolocated and authenticated by CNN shows at least one Israeli soldier being taken prisoner.

    The video, posted to Hamas’ official social media accounts, shows militants yank two clearly terrified and stunned soldiers out of a disabled tank. It’s unclear from the video how the tank was disabled, but Hamas has used drones to drop bombs onto Israeli tanks before.

    One of the soldiers is then seen in a short snippet of video being kicked on the ground by the militants. In the next clip, the soldier is seen lying motionless on the ground.

    The second soldier is seen being led away by Hamas militants. A third soldier – his face very bloody – is seen lying on the ground motionless near the tank track. CNN does not know the current whereabouts or status of the three soldiers.

    A second video, taken afterward, shows a number of different armed men around the tank. The three soldiers are nowhere to be seen.

    The armed men are then seen pulling a fourth Israeli soldier from the tank. The soldier is motionless as he’s dragged down the side of the tank and onto the ground. The armed men are seen stomping on his body.

    On Monday, the sister of an Israeli soldier told CNN’s Christiane Amanpour the soldier called her and their parents to say goodbye before she was kidnapped by militants.

    “The last call my sister made was on the 7th of October, Saturday, 6:30 a.m.,” Alexandra Ariev said about her sister Karina. “She called me, then my parents. She basically called to say goodbye, that she loved us.”

    Karina Ariev is believed to have been captured by Hamas militants.

    Karina Ariev, a 19-year-old corporal, was stationed at the Nahal Oz base at the border with Gaza.

    On Saturday, family members identified the soldier’s bloodied face in a Telegram video, where men can be heard shouting “this is nothing, we are just starting.” After the family reported the video to Israeli authorities, Alexandra Ariev said they eventually confirmed Karina had been abducted.

    Alexandra believes her sister is a hostage in Gaza, because the family “didn’t get any match with the DNA from the corpses found on the base,” she told Amanpour.

    “I’m devastated inside, and my parents are crying all day long,” she said from Jerusalem.

    The attack has impacted families around the world, with a growing list of foreign nationals kidnapped.

    US President Joe Biden said in a statement Monday that it is “likely” that American citizens may be among those being held hostage by Hamas, and that his administration is working with Israeli officials on “every aspect of the hostage crisis.”

    He noted that there are American citizens whose whereabouts remain unaccounted for.

    Two Mexican nationals, three Brazilians, a Nepali student and a British citizen are also among those missing.

    Two Mexican nationals, a woman and a man, have “presumably” been taken hostage by Hamas, Mexico’s Foreign Minister Alicia Barcena said on Sunday.

    The Brazilians and 26-year-old British citizen Jake Marlowe were all at the Nova music festival near the Gaza border which was attacked on Saturday.

    Marlowe, who was working there as a security guard, has been missing since Saturday morning, his mother told the Israeli Embassy in the UK.

    A source at the German Foreign Ministry told CNN late Sunday that it “has to assume” there are German citizens amongst those kidnapped by Hamas. “As far as we know, they are all people who have Israeli citizenship in addition to German citizenship,” the source said, but would not comment on individual cases.

    Eleven Thai nationals have been taken hostage, a spokesperson for Thailand’s Foreign Ministry said on Monday.

    Israel has long been a major destination for Thai migrants, most of whom work agricultural jobs. There are approximately 30,000 Thai workers in Israel, according to the Foreign Ministry, and over a thousand have requested help to be evacuated.

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    October 9, 2023
  • Mother killed while shielding her son from Hamas gunmen among US victims in Israel | CNN

    Mother killed while shielding her son from Hamas gunmen among US victims in Israel | CNN



    CNN
     — 

    Ilan Troen said he was on the phone with his daughter in Israel when she was shot and killed by Hamas gunmen while shielding her son from their bullets.

    Troen, a professor emeritus from Brandeis University in Massachusetts, said his daughter and son-in-law, Deborah and Shlomi Matias, were killed by Hamas militants over the weekend. Troen’s grandson, 16-year-old Rotem Matias, was shot but will survive, Troen told CNN’s Poppy Harlow on Monday.

    The killings came after the Gaza-based militant group launched devastating attacks on Israel early Saturday.

    At least 11 US citizens have died in the conflict in Israel, President Joe Biden said in a Monday statement, adding there are also Americans who remain unaccounted for. It is also “likely” that Americans are among those being held hostage Hamas, the statement said.

    As desperate families continue to wait for information about missing loved ones, Troen said he has “too much information” about what happened when the gunmen burst into his daughter’s home.

    “We were on the phone with Deborah as she was killed,” Troen said. “We were on the phone the entire day with our grandson, Rotem, as he lay first under her body, and then found a place to escape under a blanket in a laundry.”

    Rotem was shot in the stomach, Troen said, but will recover.

    “The brunt of the shot was borne by his mother,” he said. “The terrorists who came, they had explosives and blew up the front door to their house and then blew out the front door to their so-called safe room.”

    Rotem hid for more than 12 hours after he was shot, texting on his phone to communicate with people who were coaching him on how to breathe and how to manage “the blood that was coming out of his abdomen,” Troen said, adding Rotem’s phone was down to a 4% charge when he was rescued.

    Deborah Matias attended the Rimon School of Music in the Tel Aviv area, where she met her husband, Troen told CNN.

    “Deborah was a child of light and life,” Troen said. “She, rather than becoming a scientist or a physician, she said to me one day, ‘Dad, I have to do music, because it’s in my soul.’”

    Troen spoke to CNN from Be’er Sheva, Israel, where he said jet planes flew over his house into Gaza. “This is not a normal war,” he said. “It isn’t like there’s a front and rear.”

    Troen said the last he heard, Rotem was with family in the hospital.

    “He’s 16, tough, resilient – he survived this. He’ll survive more, but the trauma of this is going to last his lifetime,” he said.

    Jacob Ben Senior said his daughter Danielle was attending the Nova music festival near the Gaza-Israel border and has not been heard from since Friday. Ben Senior said he has been calling her phone since Saturday morning but has not been able to reach her.

    Danielle Ben Senor was attending the Nova festival and has been reported missing.

    Born in Los Angeles, Danielle Ben Senior is a 34-year Israeli-American citizen who has lived most of her life in Israel, according to her father. Danielle was working at the Nova festival with a group of event organizers, her father said.

    “We are in close contact with the government of Israel as they continue to conduct security operations to locate missing US citizens,” Miller, the State Department spokesperson, said.

    A mother and daughter from the Chicago area who were visiting relatives in Israel are also missing following Hamas’ attacks and it’s feared they are being held hostage, a family member told CNN.

    US citizens Judith Tai Raanan and Natali Raanan were visiting relatives in Nahal Oz, a kibbutz that was attacked by Gazan militants on Saturday. The family said they are in touch with the US Embassy.

    Judith Raanan’s brother Adi Leviatan said he suspected the pair was taken hostage after not hearing from them since the weekend. Natali and Judith arrived in Israel on September 2, he said.

    Nahal Oz is in southern Israel, about one and a half miles from the Gaza border. Dozens of Gaza fighters took control of a military base nearby, and an IDF spokesperson told CNN there was fighting in Nahal Oz on Sunday.

    The Biden administration is “laser-focused” on confirming whether any Americans have been taken hostage by Hamas, deputy national security adviser Jon Finer said during an appearance on CBS News earlier Monday. The US is prepared to offer “expertise on how to address these hostage situations,” he said, with more information expected in the coming days.

    Israel’s Minister of Defense on Monday ordered the “complete siege” of Gaza, cutting off electricity, food, fuel and water to the enclave. This comes as Israel has pounded Gaza with airstrikes and formally declared war on Hamas on Sunday.

    More than 680 Palestinians have been killed, according to Gaza’s health ministry, and medical care has been complicated by Israel cutting power to the territory.

    It’s unclear whether any US citizens are among those killed or injured in Gaza.

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    October 9, 2023
  • Elon Musk’s X adds to fog of war at outset of Israel-Hamas conflict | CNN Business

    Elon Musk’s X adds to fog of war at outset of Israel-Hamas conflict | CNN Business



    CNN
     — 

    Misinformation has run rampant on Elon Musk’s social media platform X in the 48 hours since Hamas militants’ surprise attack on Israel, with users sharing false and misleading claims about the conflict and Musk himself pointing users to an account known for spreading misinformation.

    Multiple users over the weekend shared a fake White House news release falsely claiming the US was sending billions of dollars in new aid to Israel in response. Accounts on X with hundreds of thousands of followers in total quickly spread the doctored White House press release after it appeared online on Saturday. Social media influencer Jackson Hinkle, who was among those shared the fake release, claimed it was a slap in the face to Ukraine, which has been pleading with Washington for more money to defend itself from Russia.

    Musk himself added to the information chaos on Sunday by recommending X users follow the Israel-Hamas conflict by following an account known for spreading misinformation, including a fake report earlier this year of an explosion at the Pentagon.

    Musk and Hinkle later deleted their posts. Musk later posted: “As always, please try stay as close to the truth as possible, even for stuff you don’t like.”

    Elsewhere on X (formerly known as Twitter), an account impersonating the Jerusalem Post shared a bogus report that Israeli Prime Minister Benjamin Netanyahu had been hospitalized. (The account was later suspended.)

    CNN has requested comment from Musk and X on the posts related to the Israel-Gaza conflict.

    A slew of mischaracterized videos and other posts went viral on the platform over the weekend.

    One video that is purported to show Israel generals after being captured by Hamas fighter was viewed more than 1.7 million times by Monday. The video however actually shows the detention of separatists in Azerbaijan.

    Another post viewed more than 500,000 times on X purported to show an airplane getting shot down with the hashtag #PalestineUnderAttack. The video is in fact a clip from the video game Arma 3, as was later noted in a “community note” appended to the post.

    Community notes allow users on X to fact-check false posts on the platform. While notes were appended to both of these false posts, they often come after a false post has been viewed thousands – or in some cases millions – of times.

    X has relied more heavily on community notes to moderate content since Musk laid off thousands of the company’s employees, including many responsible for detecting and addressing false claims, following his takeover of the platform last year.

    Israel’s National Cyber Directorate, one of the government’s main cyber defense agencies, on Monday took to X to urge people not to spread unverified information. “[T]he rumor mill is overflowing,” the directorate wrote in Hebrew. The Anti-Defamation League also raised concerns in a statement Saturday about false and antisemitic claims being spread on the platform, including posts by a verified user falsely claiming that Israel helped to facilitate 9-11 on US soil, which have been viewed thousands of times.

    The viral nature of the misinformation has alarmed experts on information operations, offering a fresh example of social platforms’ struggle to deal with a flood of falsehoods during a major geopolitical event.

    “In times of war, social media becomes a propaganda battlefield; there is always an element of disinformation and exaggeration,” said Emerson Brooking, senior resident fellow at the Atlantic Council’s Digital Forensic Research Lab. “Today, X is the main platform where this online battle plays out.”

    Brooking said changes to X policy under Musk’s ownership have incentivized propagandists and scam artists. Any user can now purchase a “verification” checkmark on X by signing up for the platform’s $8 per month subscription program, and their posts are then boosted by the platform’s algorithm and eligible for monetization.

    “Paid verification means that you cannot distinguish between a vetted journalist and a scam artist,” Brooking told CNN. “The for-profit ‘views’ system incentivizes accounts to impersonate news outlets and to post as frequently as possible, drawing from whatever source they can or just making things up.”

    Twitter has long played a pivotal role in information sharing during conflicts, from the Arab Spring to the 2014 and 2022 invasions of Ukraine, and during previous violence in Israel and Gaza.

    Viral misinformation has always existed on the platform, but it has become particularly pronounced under Musk’s stewardship, experts say.

    “In the past decade, every conflict has inevitably bred a digital “fog of war,” where both sides, and their supporters, try to use social platforms to spin the narrative in their favor,” Joe Galvin, a journalist who has specialized in open-source intelligence for more than a decade, told CNN Monday.

    “The volume and reach of misinformation today, though, far exceeds what we saw in the early social media era conflicts, and is exacerbated by platforms like X, which has taken the guardrails off and allows the most egregious types of disinformation to run rampant,” Galvin said.

    He said other platforms that have little or no guardrails including the social media messaging app Telegram are also hotbeds of misinformation, but X is unique given Musk’s behavior.

    “Even the owner of X takes part in the chaos, promoting accounts that are known to spread falsehoods to his 150 million followers. The fact is that malicious users, state-backed and otherwise, have become better at spreading falsehoods, with more sophisticated networks being built and better technology – including AI – being used. The platforms are in a perpetual state of catch-up.”

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    October 9, 2023
  • ‘Grief and anger.’ US business groups stand up for Israel after attack | CNN Business

    ‘Grief and anger.’ US business groups stand up for Israel after attack | CNN Business


    New York
    CNN
     — 

    Business leaders across the United States have expressed outrage and solidarity with Israel after the deadly surprise attack by Hamas.

    JPMorgan Chase CEO Jamie Dimon said Sunday the bank stands with Israel, instructing employees there to work remotely for the foreseeable future, a person familiar with the matter told CNN, as Dimon pledged support for the people of Israel.

    “This past weekend’s attack on Israel and its people and the resulting war and bloodshed are a terrible tragedy,” Dimon told all employees on Sunday in a memo obtained by CNN. “We stand with our employees, their families and the people of Israel during this time of great suffering and loss,” Dimon said.

    JPMorgan has about 230 to 240 employees in Israel and has asked staff there to work from home for the near future, a person familiar with the matter told CNN. News of JPMorgan’s plans were previously reported by Bloomberg News.

    Dimon said all of JPMorgan’s employees and all of those traveling in the region have been confirmed safe as of Sunday.

    “We pray for their safety and for their families and loved ones going forward,” Dimon said. “The human cost of wars and terrorism are enormous, with too many lives lost and changed forever. We join together in our hope to one day see the end of violence and for there to be peace throughout the Middle East.”

    Kathryn Wylde, president and CEO of the Partnership for New York City, told CNN in a statement on Monday: “New York City’s business community is reacting with the same grief and anger at these senseless acts of terrorism that we felt in response to the 9/11 attacks on the World Trade Center. For New Yorkers, this is personal.”

    The Partnership represents more than 300 of New York City’s business leaders and companies that employ more than 1 million New Yorkers.

    “Nothing can justify the premeditated violence that took place in Israel this weekend,” Wylde said.

    The Business Roundtable, a trade group representing leading US CEOs, said Monday in a statement to CNN: “We join the US government and global community in condemning the horrific attacks on Israel and stand in solidarity with the Israeli people.”

    The US Chamber of Commerce said in a statement on Sunday it “strongly condemns the heinous” attacks.

    “We extend our heartfelt condolences to the people of Israel and stand in solidarity with them as they battle the scourge of terrorism,” the Chamber said.

    The business group added that it’s in touch with partners from the Israeli government and the Israel-America Chamber of Commerce to explore ways to provide humanitarian assistance.

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    October 9, 2023
  • 9 US citizens dead in Israel conflict, US National Security Council says | CNN Politics

    9 US citizens dead in Israel conflict, US National Security Council says | CNN Politics


    Washington
    CNN
     — 

    Nine US citizens have died in the conflict in Israel, a US National Security Council spokesperson said Monday.

    “At this time, we can confirm the death of nine U.S. citizens. We extend our deepest condolences to the victims and to the families of all those affected, and wish those injured a speedy recovery. We continue to monitor the situation closely and remain in touch with our Israeli partners, particularly the local authorities,” the spokesperson said in a statement.

    The spokesperson added, “We continue to monitor the situation closely and remain in touch with our Israeli partners, particularly the local authorities.”

    US authorities have been scrambling to establish how many Americans have been killed or taken hostage in the conflict. Secretary of State Antony Blinken told CNN’s Dana Bash on “State of the Union” Sunday that the US was “working overtime” to verify reports of missing and dead Americans, and Israeli Minister of Strategic Affairs Ron Dermer said Americans are among the “scores” of hostages being held in Gaza.

    State Department spokesman Matt Miller told CNN’s Phil Mattingly on Monday that US authorities are in close contact with Israel’s government and the families of those affected by the attack.

    This story is breaking and will be updated.

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    October 9, 2023
  • Civilian hostages in Hamas custody killed in Be’eri near Gaza border, CNN verified videos show | CNN

    Civilian hostages in Hamas custody killed in Be’eri near Gaza border, CNN verified videos show | CNN



    CNN
     — 

    At least four civilians were killed while in the custody of Hamas, just feet from where armed militants had been escorting them near the Gaza border, videos obtained and geolocated by CNN show.

    One video from the kibbutz of Be’eri in southern Israel showed armed fighters with burned cars and a bulldozer in the background. Toward the end of the video, which was released on a Hamas-affiliated Telegram channel, four bodies can be seen on the ground.

    Another video previously geolocated by CNN showed five Israeli civilians taken captive by armed militants in nearly the same spot.

    A CNN analysis of the videos determined that the bodies, and the individuals being escorted by heavily armed militants, had matching clothes and hairstyles.

    It is not clear what happened to the fifth hostage.

    Be’eri lies just three miles from the eastern border of Gaza.

    Alongside other towns and settlements close to Gaza such as Ofakim, Sderot, Yad Mordechai, Kfar Aza, Yated and Kissufim, it was among the first to be targeted by Hamas fighters as they launched Saturday morning’s unprecedented and carefully coordinated killing and hostage-taking spree.

    The community of Be’eri was “very badly hit,” Israel Defense Forces (IDF) spokesperson Lt. Col. Richard Hecht said Monday during a briefing, more than 48 hours after Hamas launched the surprise attack.

    Hecht said most Hamas militants in Be’eri had been killed, but Israeli troops were still there attempting to clear the area of any remaining fighters.

    “We are still fighting. We thought this morning we would be in a better place,” Hecht said.

    As many as 1,000 Hamas fighters breached the border from Gaza, according to Israeli authorities, in an attack that has killed more than 700 Israelis, prompting retaliatory Israeli airstrikes and a formal declaration of war on Sunday.

    More than 400 Palestinians have been killed, including 78 children, according to the health ministry in Gaza, and medical care has been complicated by Israel cutting power to the territory.

    Hamas militants have taken more than 100 Israelis hostage, including high-ranking army officers, a spokesperson for the group claimed Sunday. It’s believed they are in Gaza but their fate is unknown.

    Another Palestinian armed group, Islamic Jihad, on Sunday said it is holding at least 30 hostages in Gaza. CNN is unable to verify the claims.

    Israel authorities have said that dozens of Israelis are being held hostage in Gaza but have not confirmed exact numbers. In addition to Israeli captives, several other nationalities are believed to have been taken hostage.

    Hecht said it was possible that Hamas fighters were still crossing into Israel from Gaza, adding that four fighting divisions had been deployed in the south.

    He said around 20 breach points had been totally secured but other points were more vulnerable.

    “There are some areas where we are still holding on with tanks and air cover. I can’t deny the fact that there are still people coming in … It’s an ongoing fight,” he said.

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    October 9, 2023
  • Putin banks on wavering support for Ukraine, amid a race against time | CNN

    Putin banks on wavering support for Ukraine, amid a race against time | CNN



    CNN
     — 

    How does the war in Ukraine end? Earlier this year, former President Donald Trump boasted that if he were re-elected, he’d “have that war settled in one day, 24 hours.”

    Russian President Vladimir Putin is making a slightly less ambitious forecast: If things go his way, the war can be over in a week.

    In remarks Thursday at the annual meeting of the Valdai Discussion Club, a Kremlin-friendly confab on global issues, Putin predicted that Ukraine would collapse if the West turns off the taps of military aid and economic assistance.

    “By and large, the Ukrainian economy cannot exist without external support,” he said. “Once you stop this, everything will be over in a week. Finished. The same applies to the defense system: Imagine that supplies will stop tomorrow — you will only have a week to live when the ammunition runs out.”

    These remarks were perhaps Putin’s most clear articulation to date his strategy in Ukraine: He is counting on the Western alliance that backs Ukraine to fracture, the longer the gruesome war of attrition grinds on. And developments in recent days, to the alarm of Ukraine’s supporters, suggest that Putin’s plan may be gaining some traction.

    Take the recent headlines from Washington. Last week, President Joe Biden signed into law a stopgap bill to avert a government shutdown, but funding for Ukraine was a casualty of the brinksmanship on Capitol Hill.

    The measure signed into law may keep the US government open only through November 17, but it includes no additional funding for Ukraine.

    The Biden administration emphasizes that that the American public’s support for Ukraine remains strong. But the lack of funding in the bill for Ukraine sets the clock ticking for Kyiv, and has the White House scrambling for workarounds.

    Throughout the war, the US has been a steady lifeline for Ukraine, committing a total of around $113 billion to it, including direct military assistance, budget infusions and humanitarian assistance.

    But the ouster of House Speaker Kevin McCarthy has thrown the short-term prospects for a new assistance package into serious doubt: Without a permanent speaker, legislative business in the House is effectively on hold.

    The administration does have some options. The Pentagon Comptroller — the Department of Defense’s chief financial officer — has noted that there is the option to replenish Ukraine’s dwindling military supplies through what is known as Presidential Drawdown Authority.

    But to the drama in Congress add: resistance among far-right Republican legislators raises serious questions about the US sustaining aid longer term for Ukraine, particularly during a major counteroffensive.

    And then there is the race for the Republican presidential nomination, which likely also plays into Putin’s calculus. The Kremlin is no doubt mindful of the fact that several GOP aspirants are vocal skeptics when it comes to aiding Ukraine. Trump, no friend to Ukraine, is leading the pack.

    The United States, it’s worth remembering, is not the only country shouldering the financial burden of supporting Ukraine. European Union members provide around 39% of direct military assistance to Ukraine.

    Putin is clearly counting on Ukraine fatigue in Europe. Earlier this week, a party headed by Robert Fico, a populist, pro-Kremlin figure, came out on top in parliamentary elections in Slovakia, an EU and NATO member. Fico has called on the Slovak government to stop arming Ukraine, and his bogus rhetoric — blaming “Ukrainian Nazis and fascists” for provoking Russia’s full-scale invasion of Ukraine — must no doubt be music to Putin’s ears.

    Putin’s advisors also appear to be reading the defense trade press. In his remarks this week, the Kremlin leader noted that the US industrial base is struggling to ramp up demand for ammunition for Ukraine, which has been locked in an artillery slogging match with Russia.

    “The United States produces 14 thousand 155-mm shells, and Ukrainian troops expend up to five thousand per day, and there they produce 14 [thousand] per month,” he claimed at the Valdai conference. “Do you understand what we’re talking about? Yes, they are trying to increase production – up to 75,000 by the end of next year, but we still have to wait until the end of next year.”

    Putin’s notecards may have been slightly off – US monthly production is currently at 28,000 shells. But the Russian president was not mischaracterizing the fact that the US and its European allies are locked in a desperate race against Russia’s industrial base.

    Ukrainian serviceman at frontline positions  south of Bakhmut on September 22.

    In a discussion this past week at the Warsaw Security Forum, Royal Netherlands Navy Adm. Rob Bauer, chair of the NATO Military Committee warned that “the bottom of the barrel is now visible” when it comes to ammunition production for Ukraine.

    Putin, then, appears to be counting on both dysfunction in Washington and stress within the transatlantic alliance for his strategy of attrition to work. That strategy, to some degree, also depends on winning a battle of perception. If Ukraine is seen as a losing cause, Kremlin logic argues, then its patrons will pull the plug.

    But what about the actual situation on the ground in Ukraine, as winter draws near and a much-anticipated Ukrainian counteroffensive makes only incremental gains? Is the situation as dire as Putin might suggest?

    Putin casts that fight in existential terms, arguing this week that nothing less than a twilight struggle is underway to establish a new world order congenial to authoritarian states — and implying that Russia is in this for the long haul.

    “The Ukrainian crisis is not a territorial conflict, I want to emphasize this,” he said at the Valdai forum. “Russia is the largest country in the world, with the largest territory. We have no interests in terms of conquering any additional territories. We still have to explore and develop Siberia, Eastern Siberia and the Far East. This is not a territorial conflict or even the establishment of a regional geopolitical balance. The question is much broader and more fundamental: we are talking about the principles on which the new world order will be based.”

    Leave aside for a moment that Putin has, at other times, brazenly framed the invasion of Ukraine as project of imperial restoration. In his remarks at Valdai, he clearly implied that Russia intends to outlast the West over Ukraine.

    But not everyone, and especially not Ukrainians, believe it’s a waiting game.

    Tymofiy Mylovanov, the president of the Kyiv School of Economics, responded to Putin’s Valdai remarks with a reminder that Ukrainians would still fight for survival regardless of Moscow’s goal of hiving off support for his country.

    Paraphrasing Putin, Mylovanov said that the Kremlin believes that “Ukraine will have one week left to LIVE once Western supplies are over. LIVE as in EXIST, not defend or resist.

    What defending or resisting comes is down not just to action on Capitol Hill. Putin’s credibility has been dented in recent months by the Wagner mutiny, as well as the Russian government’s ability to muster motivated, well-trained troops after a sustained hammering on the battlefield.

    If Putin is counting on a long war to blunt Western will to support Ukraine, he is also taking a gamble on the longevity of his system of rule — and perhaps underestimating the resolve of Ukrainians, whom he sees as merely a puppet of Washington and Brussels.

    And that is where the dark headlines for Ukraine have the unsurprising result of hardening Ukrainian resolve. Whether the deadly strike on the village of Hroza or Friday’s attack on Kharkiv, Ukraine’s will to fight, regardless of US and Western support, appears unwavering.

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    October 8, 2023
  • Pressure to fill House speaker vacancy builds amid crisis in Israel | CNN Politics

    Pressure to fill House speaker vacancy builds amid crisis in Israel | CNN Politics



    CNN
     — 

    The House speakership drama enters a new week under increased urgency as Israel declared war Sunday following unprecedented surprise attacks by Hamas.

    Kevin McCarthy’s unprecedented ouster as speaker leaves the House iin uncharted legal territory regarding what it can do under acting Speaker Patrick McHenry. When Congress reconvenes Monday, lawmakers will be under pressure to elect a new speaker swiftly amid the crisis in Israel, which has prompted calls from within the Republican Party to speed up their timeline given the national security implications of keeping the role vacant.

    As the Biden administration looks to provide additional assistance to Israel, officials were unsure Saturday about what could be accomplished without a sitting speaker. While McHenry is serving as speaker pro tempore, he has little power outside of recessing, adjourning or recognizing speaker nominations, and it’s unclear whether he can participate in intelligence briefings on the crisis in Israel.

    Democratic House Minority Leader Hakeem Jeffries said Sunday that he had conversations with the White House and the National Security Council on Saturday, but he has not yet met with the Gang of Eight – which typically includes the top leaders and heads of the intelligence committees in both parties and both chambers.

    “I do anticipate that we’ll have the opportunity to have a secure briefing at some point next week,” Jeffries told CNN’s Dana Bash on “State of the Union.”

    Jeffries said it is his understanding that the Biden administration can make some decisions regarding aid to Israel without waiting for Congress and urged the administration to do so, adding that he expects “it will provide whatever assistance it can.”

    House Foreign Affairs Chairman Mike McCaul told Bash Sunday that there is currently $3.3 billion in foreign military financing already appropriated that the president can use.

    The Texas Republican also called McCarthy’s ouster “dangerous.”

    “I look at the world and all of the threats that are out there and what kind of message are we sending to adversaries when we can’t govern, when we are dysfunctional, when we don’t even have a speaker of the House?” McCaul said on “State of the Union.”

    McCarthy on Saturday slammed his Republican colleagues for removing him from office last week, and stressed the impact of a speakerless House on national security. “Why would you ever remove a speaker during a term to raise doubt around the world?” McCarthy asked in a Fox News interview.

    McCarthy announced shortly after his ouster that he would not seek the speakership again, making room for House Majority Leader Steve Scalise of Louisiana and Ohio Rep. Jim Jordan to launch their bids for the seat. Former President Donald Trump has thrown his support behind Jordan. Oklahoma Rep. Kevin Hern announced Saturday that he had decided not to run, saying “I believe a three-man race for Speaker will create even more division and make it harder to elect a Speaker.”

    House Republicans are scheduled to hold a candidate forum on Tuesday and an internal election on Wednesday. But it’s unclear when the floor vote will happen, and the timeline is contingent on whether moderate GOP lawmakers can rally around Scalise or Jordan, who are among the hardliners of the party.

    “We have to get a speaker elected this week so we can get things on the floor like replenishing the Iron Dome,” McCaul told Bash on Sunday – referring to Israel’s rocket defense system, which was developed with help from the United States. He added that the House should look to pass a resolution condemning Hamas “by unanimous consent whether or not we have a speaker in place because I think we cannot wait. We have to get that message out as soon as possible.”

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    October 8, 2023
  • Israeli leader warns of ‘long war’ as it faces unprecedented hostage crisis following Hamas attack | CNN

    Israeli leader warns of ‘long war’ as it faces unprecedented hostage crisis following Hamas attack | CNN


    Jerusalem and Gaza
    CNN
     — 

    Israeli Prime Minister Benjamin Netanyahu said the country is “embarking on a long and difficult war” as it deals with an unprecedented hostage crisis after Palestinian militants launched a surprise land, sea and air attack from Gaza Saturday, killing hundreds and infiltrating into Israeli territory.

    The shock attacks by Hamas led to the deadliest day in decades for Israel and come after months of surging violence between Palestinians and Israelis with the decades-long conflict now heading into uncharted and dangerous new territory.

    Israel’s political-security cabinet convened late Saturday and made a “series of operational decisions aimed at bringing about the destruction of the military and governmental capabilities of Hamas and the Palestinian Authority, in a way that would negate their ability and desire to threaten and harm the citizens of Israel for many years to come,” according to a statement from the office of Israel’s Prime Minister.

    Netanyahu vowed “mighty vengeance” on the Palestinian militant group Hamas following its unprecedented assault on Israel that appeared to catch the entire Israeli military and intelligence apparatus off guard in one of the country’s worst security failures.

    Throughout Saturday and into Sunday, Hamas launched thousands of rockets from the Gaza Strip into Israel – making direct hits on multiple locations inside the country including Tel Aviv – while armed terror groups entered Israel and infiltrated military bases, towns and farms, shooting at civilians and taking hostages.

    At least 300 Israelis have been killed, an Israeli official told CNN and more than 1,500 have been injured, Israeli media reported.

    Israel responded by launching air strikes on what it said were Hamas targets in Gaza, while its forces clashed on the ground with Hamas fighters in villages, army bases and border crossings.

    Israeli warplanes continued to pound Gaza on Sunday morning with the Israel Defense Forces saying it had struck 426 targets in Gaza, including 10 towers used by Hamas.

    In Gaza, at least 232 Palestinians have died and more than 1,600 are wounded, the Palestinian health ministry said.

    The Israeli leader said the “first phase” of the operation had ended with the “destruction of the majority of the enemy forces that penetrated our territory.”

    Netanyahu announced Israeli forces have started an “offensive formation” which will “continue without reservation and without respite until the objectives are achieved.” Among the decisions made by the cabinet is to stop the supply of electricity, fuel and goods to Gaza.

    In pictures: The deadly clashes in Israel and Gaza

    Complicating Israel’s response is that a “significant number” of Israeli nationals were taken by Hamas as hostages and are being held at locations across Gaza.

    “It is unprecedented in our history that we have so many Israeli nationals in the hands of a terrorist organization,” Israeli Defense Forces spokesman Lt. Col. Jonathan Conricus (Res) told CNN, without giving an exact number. “I can assure you that the IDF will be focused on getting each and every Israeli back.”

    “These are numbers that we have never, ever seen before,” he added.

    It has been more than 17 years since an Israeli soldier was taken as a prisoner of war in an assault on Israeli territory. And Israel has not seen this kind of infiltration of military bases, towns and kibbutzim since town-by-town fighting in the 1948 war of independence.

    In a statement Saturday, Palestinian militant group Hamas said the captured Israeli hostages are being held across Gaza and warned against attacks in the area.

    “Threatening Gaza and its people is a losing game and a broken record,” said Abu Obaida spokesman for the Al Qassam Brigades, the armed wing of Hamas in a recorded audio message late Saturday. “What happens to the people of the Gaza Strip will happen to them and beware of miscalculation.”

    Earlier the group claimed to have captured “dozens” of Israelis, including soldiers, and were holding them in “safe places and resistance tunnels.”

    The IDF said Sunday that “many hundreds,” possibly as many as 1,000 Hamas fighters were involved in the attack, according to Conricus, who said fighting inside Israel was still ongoing as of 4.15 a.m. local time Sunday morning (9.15pET on Saturday).

    The priority for the Israeli military Sunday was to “make sure that we clear all Israel communities of terrorists that are still inside Israel,” he said, adding that the IDF was still “clearing the last houses and locations and communities and bases.”

    “Hopefully, at the break of dawn we will be able to declare that we have finally restored sovereignty and order in Israel. But that has not yet been achieved. And that will be our number one priority,” he said.

    Saturday’s attack prompted strong reactions from around the world. US President Joe Biden said his administration’s support of Israel’s security is “rock solid and unwavering” and many European leaders denounced the violence, while Brazil said it will call an emergency meeting of the United Nations Security Council.

    Air France said it is suspending its flights to Tel Aviv and US aviation officials issued a special bulletin to pilots and airlines urging “extreme caution.”

    The highly coordinated assault, which began Saturday morning, was unprecedented in its scale and scope and came on the 50th anniversary of the 1973 War in which Arab states blitzed Israel on Yom Kippur, the holiest day of the Jewish calendar.

    “We had no warning of any kind, and it was a total surprise that the war broke out this morning,” Efraim Halevy, the former head of Mossad, Israel’s Intelligence Service, told CNN.

    The number of rockets fired by Palestinian militants was at a scale “never seen before,” Halevy said, and this was “the first time” that Gaza has been able to “penetrate deep into Israel and to take control of villages.”

    “This is beyond imagination from our point of view, and we didn’t know they had this quantity of [rockets], and we certainly didn’t expect that they would be as effective as they were today,” he said.

    Israel's Iron Dome anti-missile system intercepts rockets launched from the Gaza Strip, as seen from Ashkelon in southern Israel October 7, 2023

    Fighting carried on throughout the day and into the night, and a fresh round of rocket attacks hit Tecl Aviv and other areas on Saturday evening. The IDF urged civilians in Gaza to leave their residential areas as Israeli military operations continued.

    Air raid sirens and rockets could be heard in Israel throughout the night into Sunday.

    “You can hear the intercept missiles banging in the air,” said CNN’s International Diplomatic Editor Nic Robertson as he arrived at Ben Gurion Airport in Israel.

    It is rare for Palestinian militants to be able to make it into Israel from Gaza which is sealed off and heavily watched by Israel’s military. Gaza is one of the most densely packed places in the world, an isolated coastal enclave of almost 2 million people crammed into 140 square miles.

    Governed by Hamas, the territory is largely cut off from the rest of the world by an Israeli blockade of Gaza’s land, air and sea dating back to 2007. Egypt controls Gaza’s southern border crossing, Rafah. Israel has placed heavy restrictions on the freedom of civilian movement and controls the importation of basic goods into the narrow coastal strip.

    Fighting between the two sides has surged in the last two years.

    The violence has been driven by frequent Israeli military raids in Palestinian towns and cities, which Israel has said are a necessary response to a rising number of attacks by Palestinian militants on Israelis.

    They also come at a moment of deep division in Israel, months after the country’s right-wing government pushed through a contentious plan to reduce the power of the country’s courts, sparking a social and political crisis.

    Israelis are sharing photos of friends and family who they say have been kidnapped by Hamas militants and are urging the public to help spread the word in hopes of getting them back safely.

    Yoni Asher, a resident of Sharon region, told CNN he recognized his wife from a viral video that shows a group of people loaded into the back of a truck flanked by Hamas militants.

    Asher said his wife and young daughters were visiting his mother-in-law in Nir Oz, a kibbutz near the Gaza border. He said he contacted them on Saturday morning and suspected they may have been abducted. He tracked his wife’s phone and learned that it was located in Gaza, he said.

    Later that day, he saw the viral clip. In the video, a woman is seen in the truck as a militant puts a scarf on her head. Asher told CNN that the woman is his wife though CNN has not been able to independently verify the video.

    “The situation is not looking good,” Asher said, adding that his wife and mother-in-law have German citizenship and pleaded with the German government for help.

    A German foreign ministry source told CNN that, “the Federal Foreign Office and the German embassy in Tel Aviv are in close contact with the Israeli authorities in order to clarify whether and to what extent German citizens are affected.”

    An Israel Police spokesperson has told CNN that family members who wish to report their loved ones as missing to come to the nearest police station when it’s safe to leave their homes. The police suggested relatives bring photos and personal items from which DNA samples can be extracted to help with identification.

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    October 7, 2023
  • Hamas captures hostages and prisoners of war, as Israelis share photos of those missing | CNN

    Hamas captures hostages and prisoners of war, as Israelis share photos of those missing | CNN



    CNN
     — 

    Hamas captured a number of Israelis during its deadly attack on Israel on Saturday, the Israeli military said, as videos emerged of Israeli soldiers and civilians being taken away by fighters from the Palestinian militant group.

    Meanwhile Israelis are sharing photos of friends and family who they say have apparently been kidnapped by Hamas fighters and are urging the public to help spread the word in the hope of getting them back safely.

    Hamas fired rockets from Gaza and sent gunmen into Israeli territory, prompting Israel’s Prime Minister Benjamin Netanyahu to declare that the country is “at war.” At least 300 people in Israel were killed in the unprecedented attack, an Israeli official told CNN Saturday night, and Israeli media reported that at least 1,500 people have been wounded.

    At least 232 Palestinians were killed in Gaza on Saturday, with 1,697 injured, the Palestinian health ministry in Gaza said in a statement.

    At least one Israeli soldier has been taken prisoner, a new video geolocated and authenticated by CNN shows.

    The video, posted to Hamas’ official social media accounts, shows militants yank two clearly terrified and stunned soldiers out of a disabled tank. It’s unclear from the video how the tank was disabled, but Hamas has used drones to drop bombs onto Israeli tanks before.

    One of the soldiers is then seen in a short snippet of video being kicked on the ground by the militants. In another clip, the soldier is seen lying motionless on the ground.

    The second soldier is seen being led away by Hamas militants. A third soldier – his face very bloody – is seen lying on the ground motionless near the tank track. CNN does not know the current whereabouts or status of the three soldiers.

    A second video, taken afterward, shows a number of different armed men around the tank. The three soldiers are nowhere to be seen.

    The armed men are then seen pulling a fourth Israeli soldier from the tank. The soldier is motionless as he’s dragged down the side of the tank and onto the ground. The armed men are seen stomping on his body.

    The Izzedine al Qassam Brigades, the armed wing of Hamas, claimed to capture “dozens” of Israelis on Saturday.

    “We bring good news to our (Palestinian) prisoners and our people that the al Qassam Brigades have dozens of captured (Israeli) officers and soldiers in their hands,” Al Qassam Brigades spokesman Abu Obaida said in a post on Telegram. “They have been secured in safe places and resistance tunnels.”

    In a recorded audio message released later Saturday, Obaida said that all captured Israelis “are present in all axes in the Gaza Strip.”

    “What happens to the people of the Gaza Strip will happen to them and beware of miscalculation,” he added.

    On Saturday evening, the Israel Defense Forces said the number of civilians captured by Hamas is “unfortunately, a significant number.”

    Spokesman Lt. Col. Jonathan Conricus told CNN’s Wolf Blitzer that “it is unprecedented in our history that we have so many Israeli nationals in the hands of a terrorist organization.”

    “These are numbers that we have never, ever seen before and these are, they’re unprecedented, and they will force an unprecedented response from Israel,” Conricus said.

    Yoni Asher, a resident of Sharon region, told CNN’s Erin Burnett he recognized his wife from a viral video that shows a group of people loaded on the back of a truck flanked by Hamas militants. Chants of “Allahu Akbar,” (God is Great), are heard throughout the video.

    The footage shows a woman in the back of the truck as a militant puts a scarf on her head. Asher told CNN that the woman is his wife and he’s sharing the video to raise awareness of their situation. CNN has not been able to independently verify the video.

    Asher said his wife and young daughters were visiting his mother-in-law in Nir Oz, a kibbutz near the Gaza border. He said he suspected they may have been abducted. He tracked his wife’s phone and learned that it was located in Gaza. Later that day, he saw the viral clip.

    “I don’t even know what the situation is regarding the hostages, and the situation is not looking good,” he said.

    Hamas has not taken hostages in years. Until now, it was known to hold two civilians who crossed the border and were captured, as well as the bodies of two Israeli soldiers.

    Gilad Shalit, a 19-year-old soldier, was captured in 2006 and kept for five years before his release as part of a swap that saw more than 1,000 Palestinian prisoners freed.

    Other videos geolocated by CNN appear to show where Hamas appears to have taken other Israelis captive.

    In one of the videos, geolocated by CNN to the neighborhood of Shejaiya in Gaza, a barefoot woman is seen being pulled from the trunk of a Jeep by a gunman and then forced into the back seat of the car. Her face is bleeding, and her wrists appear to be cable-tied behind her back. The Jeep appears to have an IDF license plate, suggesting it may have been stolen and brought into Gaza.

    A second video, which appears to show Hamas militants taking multiple Israelis captive, was geolocated by CNN to Be’eri in southern Israel, a village close to Gaza.

    Gaza Jeep Israel

    Video appears to show Hamas taking woman hostage near Gaza

    IDF spokesman Brig. Gen. Daniel Hagari says Ofakim in the Negev and Beeri near the Gaza Strip are the “main focal points” where there are hostage situations.

    “We are fighting in 22 locations,” he said without specifying further.

    Hagari said that the IDF is getting ready for a ground incursion, and “all options are on the table.”

    “Hundreds of thousands” of IDF army personnel would be called up, he said.

    “A wide reserve mobilization has begun,” he said. “There are four divisions that we are immediately bringing down to Gaza; 31 regular battalions are already in Otef and the south. Tanks are also brought down to the Strip.”

    “The main effort is to kill all the terrorists on the fence, all those who try to return to the Strip. First of all, we will deal with fire from the air, and then also with heavy ground tools.”

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    October 7, 2023
  • Militants enter Israel from Gaza after woman killed in rocket barrage | CNN

    Militants enter Israel from Gaza after woman killed in rocket barrage | CNN


    Gaza
    CNN
     — 

    Multiple militants from Gaza have entered Israeli territory, the Israel Defense Forces (IDF) said Saturday, shortly after a barrage of rockets left one person dead and at least three injured.

    Palestinian militant group Hamas claimed responsibility for the rocket attack.

    Hamas military commander Muhammad Al-Deif released a recorded message, announcing operation “Al-Aqsa Storm” and saying the Palestinian militant group “targeted the enemy positions, airports and military positions with 5,000 rockets.”

    The IDF has warned Israelis who live near Gaza to stay in their homes.

    One person died and at least three were injured when a barrage of rockets was fired from Gaza toward Israel Saturday morning, Israel’s Magen David Adom (MDA) rescue service said.

    The rockets, which were witnessed by a CNN producer in Gaza, prompted sirens as far north as the Tel Aviv area, east to Beer Sheva, and many other locations in between.

    A woman in her 70s in Kfar Aviv in the Gderot region died following the barrage, the MDA said.

    Two other people in the Ashkelon area were lightly injured, the rescue service said, while a fourth person – a man in his 20s in Yavne – was moderately injured by shrapnel.

    The rockets were fired at about 6:30 a.m. Saturday morning local time (11:30 p.m. ET), when most Israelis are likely to have been asleep.

    Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant are conducting security assessments at Israel Defense Forces headquarters in Tel Aviv, Netanyahu’s office said.

    This is a breaking news story. More to come.

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    October 6, 2023
  • US fighter jet downs a drone belonging to NATO ally Turkey over Syria, officials say | CNN Politics

    US fighter jet downs a drone belonging to NATO ally Turkey over Syria, officials say | CNN Politics



    CNN
     — 

    A US F-16 fighter jet shot down an armed Turkish drone in northeast Syria that was operating near US military personnel and Kurdish Syrian Democratic Forces, officials familiar with the incident told CNN.

    The US assessed the armed drone posed a potential threat and issued more than a dozen warnings before shooting it down, the officials said. It is unclear how the warnings were issued. US forces exercised their right to self-defense in shooting down the drone, officials said.

    There were no reports of US casualties, an official said.

    Several drones made repeated approaches toward US troop positions in Hasakah, Syria, the officials said. Turkish airstrikes targeted several Kurdish-controlled areas in northeastern Syria on Thursday, killing at least eight people, including six security forces, and wounded three civilians, according to a statement by Kurdish Internal Security Force, Asayish.

    The incidents put the US in a precarious position. Turkey is a NATO ally and a critical partner for the US in the region, as well as playing a key role in the Ukraine conflict. At the same time, the SDF partners with the US in the campaign to defeat ISIS.

    The Turkish Defense Ministry said the drone didn’t belong to the Turkish armed forces, Reuters reported. CNN is reaching out to the Turkish government.

    US officials do not believe the drone was targeting American personnel specifically, but US forces operate closely alongside the Kurds in northern Syria as part of the anti-ISIS coalition there. Turkey considers the Kurdish forces to be a terrorist organization and regularly targets them inside Iraq and Syria.

    Turkey’s Foreign Minister Hakan Fidan said on Wednesday that Turkey considers all Kurdish militia facilities and infrastructure in Syria and Iraq as “legitimate targets” after the Kurdistan Workers Party carried out a suicide attack in Ankara on Sunday.

    Fidan added that “third parties” should stay away from the Kurds.

    “I advise third parties to stay away from PKK and YPG facilities and individuals,” he said. “Our armed forces’ response to this terrorist attack will be extremely clear and they will once again regret committing such an action.”

    Last November, a Turkish drone strike in northeast Syria endangered US troops and personnel, according to the US military. That prompted a call between the top US general and his Turkish counterpart.

    The strike targeted a base near Hasakah, Syria, used by US and coalition forces in the ongoing campaign to defeat ISIS. The Kurdish-led Syrian Democratic Forces (SDF) said two of their fighters were killed in the attack. The strike earned a stern rebuke from the Pentagon, which said it “directly threatened the safety of US personnel.”

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    October 5, 2023
  • Why you should care about the global rout in government bonds | CNN Business

    Why you should care about the global rout in government bonds | CNN Business


    London
    CNN
     — 

    A slump in government bonds around the world has pushed up the cost of some nations’ debt to levels not seen in more than a decade. That’s bad news for governments in the red but also for the wallets of millions of mortgage borrowers, stock investors and businesses.

    The sell-off has been fueled by expectations among investors that the world’s major central banks will keep interest rates “higher for longer” to bring inflation down to their targets.

    It works like this: Governments looking to raise cash for public services and investments issue bonds. A bond provides a way to borrow money from investors for a set length of time, with the obligation to make regular interest payments.

    When official interest rates rise, so do investors’ expectations for returns on bonds, known as yields. This creates an incentive for investors to sell the bonds they currently hold and buy newly issued ones that offer higher interest payments. Selling bonds reduces prices. So, in short, when yields rise, bond prices fall.

    And yields have most definitely been rising: The yield on 30-year US government bonds, also known as Treasuries, hit 5% on Tuesday for the first time since 2007. In the United Kingdom, the yield on 30-year bonds also reached 5% this week, the highest level in more than two decades.

    Yields on German long-dated bonds are back to levels last seen on the eve of the eurozone debt crisis in 2011. Yields on Italy’s 10-year bonds hit 5% on Wednesday, the highest level since 2012, when that crisis was in full swing.

    Here’s why you should care.

    The yields on local government bonds are usually used by banks to price mortgages.

    The disastrous “mini” budget unveiled by former UK Prime Minister Liz Truss in September last year provided a stark illustration of that relationship. Her plan to borrow tens of billions of pounds to fund tax cuts spooked bond investors who feared that the country’s finances were on an unsustainable path.

    The resulting sell-off in UK government bonds — called “gilts” — caused yields to shoot up, taking mortgage costs higher with them.

    The average interest on a two-year fixed-rate mortgage soared to 6.47% at the start of November 2022, according to data from product comparison website Moneyfacts, the highest level since the depths of the global financial crisis in August 2008.

    Early morning sun illuminates streets of residential terraced houses, on September 17, 2023 in Bath, England. Soaring interest rates and falling prices has meant the end of the UK's 13-year housing market boom potentially leading to a wider house price crash.

    That meant hundreds of pounds more a month in mortgage payments. Before higher mortgage rates kicked in, some panicked homeowners rushed to refinance their fixed-rate loans earlier than planned, accepting a financial penalty for doing so.

    Mortgage rates had been falling back since the drama last fall but are now back to 6.47%, this month’s data from Moneyfacts shows.

    In the United States, mortgage rates tend to track the yield on 10-year Treasuries, and that yield has risen 0.27 percentage points since late September.

    On Thursday, government-backed mortgage provider Freddie Mac announced that the average interest on a 30-year fixed-rate mortgage had hit 7.31% in the week ending September 28 — its highest level since 2000.

    “Higher mortgage rates create a standoff between potential buyers, who face some of the highest borrowing rates since 2000, and sellers, who may already enjoy a low fixed-rate mortgage and thus are less incentivized to sell,” Andrew Sheets, global head of corporate credit research at Morgan Stanley, told CNN.

    Surging government bond yields are probably coming for your stock portfolios too.

    Shares typically lose value when the yields on government debt rise, as investors can now get high returns — and a steady income — from less risky assets.

    Take the yield on 10-year Treasuries: at 4.78%, it is more than twice as high as the average yearly dividend paid out by the companies making up the S&P 500 index (SPX).

    “The higher the gilt yield goes, the less inclined, or obliged, investors will feel to take risk and pay up for other asset classes, such as shares,” Russ Mould, investment director at AJ Bell, told CNN.

    Stock indexes have tumbled on both sides of the Atlantic in recent weeks. The S&P 500 and the tech-heavy Nasdaq Composite (NDX) have shed 4% and 2.3% respectively since the Federal Reserve said late last month that it could hike rates once more this year and expected to make fewer rate cuts in 2024.

    The STOXX Europe 600 has sunk 4.5% and London’s FTSE 100 4.3% in that time.

    “Income is back,” analysts at BlackRock, the world’s biggest asset manager, wrote in a note Monday, recommending investments in short-dates US Treasuries.

    Stocks have also taken a hit in recent weeks as rising oil prices, an ailing Chinese economy and the prospect of another government shutdown in the United Stated have unnerved investors.

    High official interest rates in America and Europe have also raised the cost of borrowing for businesses.

    “Higher interest rates make borrowing less attractive, and we’ve already seen a sharp slowing of bank lending that we think is consistent with this idea,” said Sheets at Morgan Stanley.

    “It’s important to note that slower credit growth, which generally means a cooler economy, is precisely what the Federal Reserve is trying to achieve through its large recent rate hikes,” he added.

    Higher yields also mean that the government must pay more to service its debt — with less money available to spend elsewhere.

    The US government is currently sitting on a $33 trillion debt pile and is expected to incur more than $1 trillion in average annual interest costs over the next decade.

    In March, when gilt yields were much lower than now, the UK’s public spending watchdog said it expected the annual interest paid on the government’s pile of debt to peak at £115 billion ($140 billion) this year. That’s almost three times as much as the UK government plans to spend in 2023 on a key benefit for children and people with disabilities.

    Rising bond yields mean that “for any given level of borrowing, more must be spent on debt interest, leaving less scope to finance other priorities,” the Office for Budget Responsibility said in its March forecast.

    Higher gilt yields give politicians “less wiggle room to ease [the] cost-of-living pain through tax cuts or public sector pay offers,” Susannah Streeter, head of money and markets at Hargreaves Lansdown, wrote in a note Wednesday.

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    October 4, 2023
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