The Intelligence from The Economist Moment of truce: a ceasefire in the Middle East
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Nov 27, 2024 
In this discussion, Greg Karlstrom, The Economist's Middle East correspondent, delves into the recent ceasefire between Israel and Lebanon, analyzing its potential sustainability and implications for Gaza amid regional tensions. Anjani Trevedi, Global business correspondent, highlights the bankruptcy of Northvolt, questioning Europe's electric vehicle ambitions and the industry’s future in light of this setback. The conversation touches on broader financial concerns that could reshape the EV landscape.
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Middle East Ceasefire
- A 60-day ceasefire between Israel and Lebanon, brokered by America and France, has begun.
- This follows Israel's two-month ground invasion and offers a pause in the ongoing conflict.
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's implementation.
Reasons for Ceasefire
- Israel agreed to the ceasefire due to strains on its army and economy after a year of fighting.
- Hezbollah's weakened state after significant losses also incentivized the agreement.