Author: Finance for Sight

GAZA/CAIRO: Hundreds of thousands of Gaza City residents have lost their only source of clean water in the past week after supplies from Israel’s water utility were cut by the Israeli army’s renewed offensive, municipal authorities in the territory said. Many now have to walk, sometimes for miles, to get a small water fill after the Israeli military’s bombardment and ground offensive in the Gaza City’s eastern Shejaia neighbourhood damaged the pipeline operated by state-owned Mekorot. “Since morning, I have been waiting for water,” said 42-year-old Gaza woman Faten Nassar. “There are no stations and no trucks coming. There is…

GAZA CITY: Gaza’s civil defence agency reported that a pre-dawn Israeli air strike on Friday killed 10 members of the same family, including seven children, in the southern city of Khan Yunis. “Ten people, including seven children, were brought to the hospital as martyrs following an Israeli air strike that targeted the al-Farra family home in central Khan Yunis,” agency spokesperson Mahmud Bassal told AFP. When contacted by AFP about the strike, the Israeli military said it was looking into the attack. Witnesses reported continuous and intensive Israeli tank fire in Khan Yunis. The civil defence agency also reported two…

SANTO DOMINGO: Recovery efforts wrapped up in the capital of the Dominican Republic after a roof collapse at a nightclub during a concert killed at least 221 people, authorities said on Thursday. As families continue to mourn their loved ones, the cause of the catastrophe and the exact number of people who attended the fateful event have not yet been determined by authorities. The sudden collapse at the Jet Set club in Santo Domingo after midnight on Tuesday marred a concert by merengue singer Rubby Perez where politicians, athletes and other prominent local figures had gathered. “Today the search, rescue…

WASHINGTON: U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war. Trump’s new tariffs take effect, with 104% on Chinese goods Trump made the comments during a Cabinet meeting opened to press. U.S. Treasury Secretary Scott Bessent said during the meeting that as they settle deals with countries, it will bring more certainty on trade policy.

TEHRAN: A senior adviser to supreme leader Ayatollah Ali Khamenei warned Thursday that Iran could expel inspectors of the UN nuclear watchdog as “threats” multiply ahead of key talks with the United States. The comments from Rear Admiral Ali Shamkhani were the first from an Iranian official since US President Donald Trump said Wednesday that military action against Iran was “absolutely” possible if talks failed to produce a deal. “The continuation of external threats and Iran being in a state of military attack may lead to deterrent measures, including expulsion of inspectors from the International Atomic Energy Agency and cessation…

WASHINGTON: US President Donald Trump’s 10 percent tariff for almost all countries except China will likely remain in place going forward, his top economic advisor Kevin Hassett said Thursday. A day earlier, Trump announced a 90-day pause on higher tariffs against all countries except China, reversing a policy that had roiled global stock markets and spooked the American bond markets – a key barometer of investors’ faith in the US government’s ability to pay its debts. Trump’s announcement leaves China facing a steep 125 percent tariff, and almost all other countries facing a baseline tariff of 10 percent. Speaking to…

SANAA: Yemen’s Houthi said on Thursday that overnight strikes blamed on the United States killed three people in the capital Sanaa. Yemen have seen near-daily strikes since Washington on March 15 intensified an air campaign against the Houthis to force them to stop threatening vessels in key maritime routes. “Three citizens were killed in the American aggression on the Sabeen neighbourhood of the capital,” Houthi news agency Saba said, quoting the health ministry. Houthi media also reported strikes on Yemen’s Kamaran island in the Hodeida area, after the Houthis earlier said a US air strike on Hodeida Tuesday night killed…

BEIJING/WASHINGTON: U.S. President Donald Trump’s stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on Thursday even as he ratcheted up a trade war with the world’s No. 2 economy China. Trump’s turnabout on Wednesday, which came less than 24 hours after steep new tariffs kicked in on most trading partners, followed the most intense episode of financial market volatility since the early days of the COVID-19 pandemic. The upheaval erased trillions of dollars from stock markets and led to an unsettling surge in U.S. government bond yields…

JERUSALEM: Israel’s Defence Minister Israel Katz said Wednesday that the army was seizing large areas in Gaza and incorporating them into buffer zones cleared of their inhabitants, in a bid to force Hamas to release hostages. “Large areas are being seized and added to Israel’s security zones, leaving Gaza smaller and more isolated,” Katz said during a visit to the newly announced Morag Corridor between the southern Gaza cities of Rafah and Khan Yunis. In his comments, Katz said that the population of Gaza was already “evacuating from combat zones”. He appealed to Gazans to force Hamas from power and…

GAZA CITY: Gaza’s civil defence agency said an Israeli strike on a residential building in Gaza City killed at least 23 people Wednesday, most of them children or women, as the military said it targeted a “senior Hamas” militant. The strike took place in the Shujaiya neighbourhood of Gaza City, the agency’s spokesman Mahmud Bassal told AFP. “The death toll from the Shujaiya massacre has risen to 23 martyrs, including eight children and eight women,” he said, adding that more than 60 people were wounded. “There are still people trapped under the rubble.” Ayub Salim, a 26-year-old Shujaiya resident, told…