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Israel's 'complete siege' on Gaza, Bank of Israel to sell $30bn in reserves, EU regulators to order Illumina to sell cancer test developer, oil market impact, and announcement of Nobel Prize in Economics winner Claudia Golden.
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- Israel has imposed a 'complete siege' on Gaza, causing severe humanitarian challenges and displacing its population.
- The conflict between Israel and Hamas has led to a significant impact on Israel's currency, prompting the central bank to sell up to $30 billion of foreign reserves to stabilize exchange rates and restore market credibility.
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Conflict between Israel and Hamas escalates
The conflict between Israel and Hamas has intensified, with Israel launching air strikes and imposing a complete siege on Gaza. Israel has destroyed residential homes and high-rise buildings, resulting in a heavy toll. Gaza, which is already under strict restrictions, is now facing additional challenges as Israel cuts off electricity, water, and other supplies. The densely populated territory is in a state of uncertainty and people are seeking refuge in UN-run schools or the homes of family and friends.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode