Author: ALJAZEERA

In recent weeks, Israel has been on an assassination spree, killing several high-profile Hamas and Hezbollah leaders in quick succession. Yet there is reason to believe these killings, widely celebrated as a show of power now, will serve to embolden these groups and prove harmful to Israel’s security and the region’s stability in the long term. The assassination of Ismail Haniyeh in Iran’s capital, Tehran, on Wednesday, for example, silenced a moderating voice in the Hamas leadership and likely pushed the group to assume an even harder, less compromising stance against Israel. The head of the group’s political wing, Haniyeh…

Californian-based chip maker adds $330bn to market value in a single day, blasting past previous record.Nvidia has recorded the biggest daily jump in market value in the history of Wall Street. The California-based chip maker on Wednesday added $330bn to its market capitalisation – blasting past the previous record it set in February with a $277bn single-day gain. Shares of Nvidia soared nearly 13 percent, buoyed by expectations that demand for its chips will remain strong after Microsoft on Tuesday announced that AI-related capital spending in the 2024 fiscal year rose 60 percent to $69bn. Nvidia’s latest stock rally takes…

Google has come under fire from conservatives in the United States amid claims that the tech giant is suppressing information about the attempted assassination of Donald Trump in order to influence the presidential election. Trump, who is running for a second term in the White House on the Republican Party ticket, narrowly escaped being killed when a lone gunman opened fire at a campaign rally in Pennsylvania on July 13. The attack, which killed one rally attendee, injured two others, and bloodied the former president’s ear, has spawned a number of unsubstantiated claims and conspiracy theories. The latest revolves around…

The Palestinian group that governs Gaza has blamed Israel for the assassination of its political chief.This is a translation of a statement issued by Palestinian group Hamas after the killing of its political chief Ismail Haniyeh in Iran’s capital, Tehran. “In the name of God, the Most Gracious, the Most Merciful. [And do not think that those who are killed in the way of God are dead. Rather, they are alive with their Lord, receiving provision.] The Islamic Resistance Movement Hamas mourns our great Palestinian people, the Arab and Islamic nation, and all the free people of the world: brother,…

McDonald’s CEO Chris Kempczinski says low-income consumers eating at home and finding other ways to economise.McDonald’s has reported its first drop in global sales in over three years as inflation-weary consumers seek out cheaper options and cut back on eating out. McDonald’s worldwide sales fell 1 percent in the April-June period, the fast food giant said on Monday, the first drop since the last quarter of 2020, when the COVID-19 pandemic and government restrictions closed businesses and kept millions of people at home. Outlets in so-called international developmental licensed markets, which are operated by licensees, saw a steeper decline, with…

blinking-dotLive updatesLive updates, The World Health Organization and Gaza’s Health Ministry warn that a ceasefire is the only way to address the worsening health emergency in Gaza.

The United Kingdom’s new chancellor of the exchequer is accusing the previous government of covering up the dire state of the nation’s finances as she prepares to deliver a speech to Parliament that is widely expected to lay the groundwork for spending cuts and higher taxes. In extracts of her speech released late on Sunday, Rachel Reeves professed shock at the scale of the problems she discovered following a department-by-department review of public spending commissioned shortly after she took office three weeks ago. While the excerpts included no figures, Reeves is expected to outline a 20 billion-pound ($26bn) shortfall in…

Cancellations come amid fears of conflict between Israel and Hezbollah following rocket attack.Flights at Beirut airport have been cancelled or delayed with Lebanon’s Middle East Airlines (MEA) saying disruptions to its schedule were related to insurance risks, as tensions escalate between Israel and the armed political group Hezbollah. Lufthansa on Monday said it had suspended five routes to and from Beirut by the group’s carriers Swiss International Air Lines, Eurowings and Lufthansa up to and including July 30 “in an abundance of caution”. A rocket attack that killed 12 teenagers and children in the Israeli-occupied Golan Heights on Saturday has…

Bank of Canada governor said growth needs to pick up so inflation doesn’t fall too much.The Bank of Canada has trimmed its key policy rate by 25 basis points for the second month in a row, bringing it down to 4.5 percent, and said more cuts were likely if inflation continued to cool in line with forecasts. The Bank announced the rate cut on Wednesday. The bank had previously kept the rate at a two-decade high of 5 percent for almost a year in a bid to combat high inflation by suppressing economic growth. “We are increasingly confident that the…

Addressing a joint meeting of the United States Congress on Wednesday, Israeli Prime Minister Benjamin Netanyahu pushed back against international criticism that Israel has been committing war crimes and crimes against humanity in Gaza, where approximately 40,000 people  – men, women, children and babies –  have been killed to date. He also doubled down on his government’s policy of genocide and extermination, refusing to signal that the bloodshed will stop soon. He received a standing ovation from some of America’s leading politicians. Had Satan and his minions descended on Earth and performed a ritual, even they would have been less…