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Israel’s bombing of the Gaza Strip stretched into a second week after international efforts to secure a ceasefire stalled and Israeli prime minister Benjamin Netanyahu vowed the fighting would continue with “full force”. Israel’s aerial bombardment of the blockaded strip included the homes of nine commanders of Palestinian militant group Hamas, the Israeli army said
Israel’s conflict with the Palestinians intensified on several fronts as it grappled with worsening communal riots in its cities and mass protests across the occupied West Bank while extending its bombardment of Gaza into a sixth day. Despite the worsening crisis and diplomatic efforts by the US and regional governments, Prime Minister Benjamin Netanyahu vowed on
A major US fuel pipeline has been shut down after a ransomware attack on Friday, in an incident that underscores the vulnerabilities in America’s critical infrastructure. The Colonial Pipeline — the country’s largest conduit for refined products, transporting almost half of the fuel consumed on the East Coast — remained closed on Saturday after its
Listings on stock markets around the world are running at a record pace, with both deal numbers and values at their highest levels for the start of any year in at least two decades. This year, 875 initial public offerings each raising at least $1m have been clinched globally, according to data from Dealogic that cover
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Swiss bank UBS said it had lost $774m on trades at its prime brokerage unit linked to the blow-up of family office Archegos Capital, which dragged on otherwise robust first-quarter earnings.  The hit was less than that suffered by its peers, which included a $5.5bn charge at the bank’s nearest rival Credit Suisse. UBS on
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The deepening global chip crunch is spreading to makers of smartphones, televisions and home appliances, according to suppliers in Asia, as companies boost stockpiles of in-demand semiconductors. Chip supplies have tightened due to booming demand for electronics during the Covid-19 pandemic and outages at large production facilities. But the shortage has been worsened by hoarding
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China’s central bank is attempting to take control of Ant Group’s vast trove of consumer lending data, marking the latest front in Beijing’s crackdown on Jack Ma’s financial technology group. Beijing wants to curtail the power of Ant Group and Ma, China’s best-known entrepreneur, who has largely disappeared from public view since publicly criticising state-owned
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