FT News Briefing Israel imposes ‘complete siege’ on Gaza
Oct 10, 2023
Tensions escalate as Israel imposes a complete siege on Gaza amidst ongoing conflict with Hamas. The economic impact is palpable, prompting plans to inject $30 billion into markets to support the shekel. Meanwhile, oil prices rise due to fears of regional instability. The podcast also dives into EU regulators' decision to force Illumina to divest from cancer test developer Grail. Additionally, it highlights Claudia Golden's groundbreaking research on gender disparities in the workforce.
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Gaza Siege
- Israel imposed a complete siege on Gaza, cutting off essential supplies like electricity and water.
- This drastic measure follows Hamas's attack and aims to pressure the group.
Shekel Intervention
- The shekel fell to a seven-year low against the dollar after the Hamas attack.
- The Bank of Israel will sell up to $30 billion of foreign reserves to support the shekel.
Illumina Divestiture
- EU regulators will order Illumina to sell Grail, a cancer test developer it acquired without Brussels's approval.
- This action aims to deter other companies from bypassing EU regulations.