FT News Briefing The west is losing patience with Israel
8 snips
Dec 14, 2023 The Federal Reserve has decided to maintain interest rates at a 22-year high, suggesting potential cuts might be on the horizon. A significant agreement was reached at the COP28 climate summit, addressing fossil fuel transitions amid geopolitical tensions. In a complex scenario, Israel's military actions against Hamas are drawing increasing criticism, especially from the U.S., raising concerns about international support fading. Additionally, the emotional divide between Israeli Jews and Palestinian Arabs highlights the deepening narratives surrounding the ongoing conflict.
AI Snips
Chapters
Transcript
Episode notes
Federal Reserve Hints at Rate Cuts
- The Federal Reserve held interest rates at a 22-year high but hinted at potential cuts.
- Projections suggest rates could decrease by up to 75 basis points next year.
COP28 Compromise
- The COP28 climate summit achieved a compromise on transitioning away from fossil fuels, pleasing no single party completely.
- The agreement mentions fossil fuels for the first time in 30 years but lacks firm deadlines.
German Budget Deal
- Germany averted a government shutdown with a last-minute budget deal for 2024.
- The deal involved cuts to green energy, construction subsidies, and transportation spending.