

Moment of truce: a ceasefire in the Middle East
55 snips Nov 27, 2024
Greg Karlstrom, The Economist's Middle East correspondent, discusses the recent ceasefire between Israel and Hezbollah, questioning its potential for lasting peace amidst ongoing conflict in Gaza. Anjani Trevedi, the global business correspondent, analyzes Northvolt's bankruptcy and its consequences for Europe's electric vehicle ambitions, emphasizing the challenges posed by global competitors. Their insights provide a critical look at both geopolitical and economic landscapes shaping the region and industry.
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Ceasefire in the Middle East
- A 60-day ceasefire between Israel and Lebanon has begun, bringing a pause to the grim conflict.
- This marks the first time since October of last year that the regional war has shrunk.
Ceasefire Details
- The ceasefire agreement involves Hezbollah moving fighters north, Israel withdrawing troops, and Lebanese army deployment.
- A five-country panel, led by the US, will monitor the agreement and alleged violations.
Israel's Reasons for Ceasefire
- Israel agreed to the ceasefire due to strains on its army and economy after prolonged fighting.
- Prime Minister Netanyahu acknowledged these pressures while citing Iranian attacks as another factor.