FT News Briefing How extremist settlers in the West Bank became the law
Sep 27, 2024
The podcast dives into the UK’s shifting tax policies and Saudi Arabia's strategic oil production changes. It also highlights the escalating violence in the West Bank, particularly following the recent Hamas attacks. Palestinian villagers share harrowing experiences of settler aggression, including violent confrontations and land loss. The discussion underscores the grim realities of life for locals amid increasing militarization and changing political dynamics. It's a penetrating look at how conflict impacts communities and economies alike.
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Potential Tax U-Turn
- UK Chancellor Rachel Reeves considers reversing a tax plan targeting wealthy foreigners.
- Advisors warn of potential exodus of high-net-worth individuals if the plan proceeds.
Saudi Oil Strategy Shift
- Saudi Arabia is abandoning its $100 per barrel oil price target.
- They'll resume normal production on December 1st after production cuts failed to boost prices.
Saudi Oil Production and Global Markets
- Saudi Arabia's production cuts aimed to fund ambitious economic projects under Crown Prince Mohammed bin Salman.
- Increased production from non-OPEC+ countries like the US offset Saudi efforts, leading to lower oil prices.