Israel and Gaza remain at the center of international attention as Tzachi Hanegbi, Israel’s National Security Council Director, announced that the release of hostages from Gaza will be postponed until Friday. The exchange will see 50 Hamas hostages exchanged for a number of Palestinian prisoners held in Israel. The delay in the release comes after…
Biden Expresses Gratitude to Qatar, Egypt, and Israeli Leaders for Release of Hostages U.S. President Joe Biden thanked Qatar, Egypt, and Israeli leaders for their role in facilitating the deal that resulted in the release of 24 hostages held by Hamas fighters. Biden expressed hope that the recent releases mark the beginning of greater progress….
Central Bank of Turkey Surprises Economists with 500 Basis Point Interest Rate Hike In a surprising move, Turkey’s central bank increased its key interest rate, the benchmark one-week repo rate, by 500 basis points to 40% on Thursday. This decision doubled economists’ expectations, as they had only forecast a 250-basis-point hike. The move is seen…
Following the airstrikes and unrest in Gaza, Israeli Prime Minister Benjamin Netanyahu has stated that Israel will continue to control security in the region but will work towards demilitarizing it. This comes at a time when the region is suffering from power outages, particularly in the ICU and pediatric wards at Gaza’s main hospital. These…
Turkey’s central bank has increased its key interest rate from 30% to 35% as a measure to control inflation. This move was expected by economists and is aimed at anchoring inflation expectations and managing pricing behavior. The central bank stated that the effects of tax changes, wage growth, and exchange rates have mostly been resolved….
