Israel

WTI over $83 as more volatility for crude oil

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WTI over $83 as more volatility for crude oil

– WTI fell below .00 per barrel before recovering above .00.
– US Purchasing Managers Index (PMI) figures were softer than expected.
– Crude oil markets are exposed to downside moves as geopolitical tensions ease.
– US GDP figures are expected to ease to 2.5% from the previous 3.4%.
– The PCE Price Index inflation data is forecast to hold steady at 0.3% MoM.
– WTI crossed .00 per barrel and rallied above the 200-hour EMA.
– Despite the rally, WTI is down around 4.5% from April’s swing highs near .00 per barrel.

More than half wine sold in Cyprus made locally

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More than half wine sold in Cyprus made locally

– 55 per cent of wines available in Cyprus are made locally
– Exports of Cyprus wine amounted to €1.3 million in 2023

Iran threatens to annihilate Israel should it launch a major attack

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Iran threatens to annihilate Israel should it launch a major attack

Fact: Iran launched a barrage of missiles and drones at Israel on April 13 in retaliation for Israel’s suspected deadly strike on its embassy compound in Damascus on April 1.

Hezbollah launches deepest attack into Israel since Gaza war

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Hezbollah launches deepest attack into Israel since Gaza war

Hezbollah launched a drone attack on Israeli military bases near Acre, Israel, in retaliation for an Israeli attack that killed one of its fighters. Israeli airstrikes also killed two Hezbollah fighters in southern Lebanon. Israeli strikes have killed around 270 Hezbollah fighters and about 50 civilians, while Hezbollah’s attacks have killed around a dozen Israeli soldiers and half as many civilians, displacing tens of thousands on each side.

Long-awaited aid to Ukraine, Israel, Taiwan poised to pass US Congress

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Long-awaited aid to Ukraine, Israel, Taiwan poised to pass US Congress

The U.S. Senate is set to approve billions of dollars in foreign aid for Ukraine, Israel, and Taiwan this week, following the House of Representatives’ approval of the assistance in a rare Saturday session. The package includes billion for Ukraine, billion for Israel, .12 billion to counter communist China in the Indo-Pacific, and potential measures such as a ban on TikTok. The aid is expected to pass the Senate and be signed into law by President Joe Biden, allowing for the quick delivery of military assistance to Ukraine.

Alkinoos Ioannidis speaks out on cancelled Columbia concert after pro-Palestine protests

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Alkinoos Ioannidis speaks out on cancelled Columbia concert after pro-Palestine protests

Columbia University is currently experiencing a major crisis with pro-Palestine protests disrupting campus activities. The scheduled concert of musician Alkinoos Ioannidis had to be canceled due to the ongoing demonstrations and police intervention.

Palestinian NGO’s legal case over UK arms to Israel to be heard in October

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Palestinian NGO’s legal case over UK arms to Israel to be heard in October

A Palestinian rights group, Al-Haq, is challenging British arms exports to Israel due to alleged breaches of international law in the Gaza war. The case will be heard in October at London’s High Court.

She produces, sells, collects, they kill

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She produces, sells, collects, they kill

The US House of Representatives has allocated billion to Ukraine and billion to Israel, including humanitarian aid for Palestinians in Gaza. The war in Ukraine benefits the US economy and Russia controls 18% of Ukrainian territory. Israel continues its genocide in Gaza, with mass graves discovered in Khan Yunis. The International Criminal Court should investigate these war crimes. Israel is preparing for military operations in Rafah with the support of its allies. The geopolitical puzzle favors certain countries, like Turkey’s occupation of Cyprus being overlooked. Cypriots and Palestinians struggle to find justice, but the EU must redefine its objectives and not blindly follow American geopolitical interests.

Cyprus rights record shows concerns, US report finds

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Cyprus rights record shows concerns, US report finds

The US State Department’s annual report on human rights in Cyprus highlights concerns in both the Republic of Cyprus and the occupied areas. In the Republic of Cyprus, issues include interference with NGOs, refoulement of asylum seekers, and violence against minorities. While the government has taken steps to address abuses, instances of impunity remain. The occupied areas face harsh prison conditions, restrictions on media and assembly, and widespread corruption and impunity. The report also notes that elections in the Republic of Cyprus are considered free and fair, and freedom of expression for the media is generally respected.

Pro-Palestinian protesters arrested at Yale, Columbia cancels in-person classes

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Pro-Palestinian protesters arrested at Yale, Columbia cancels in-person classes

Dozens of people were taken into custody during a pro-Palestinian demonstration at Yale University. More than 40 people were apprehended by police as they blocked traffic around Yale’s campus in New Haven, Connecticut, demanding the school divest from military weapons manufacturers. The protests at Yale and Columbia were in response to the latest escalation of the Israeli-Palestinian conflict, which began on Oct. 7. The Columbia University president canceled in-person classes to deescalate tensions on its New York campus following the arrest of over 100 protesters who disrupted school activities. President Joe Biden has put the full force of the federal government behind protecting the Jewish community. Student organizers from the Columbia University encampment responded to claims of antisemitism in the pro-Palestinian protests, stating that some individuals did not represent their movement.