Members of Israel’s opposition should remain focused on toppling Prime Minister Benjamin Netanyahu’s government, rather than argue over who among them should be the next leader, MK Avigdor Liberman, chairman of Yisrael Beytenu, said in an interview with 103FM on Sunday.

His comment came after Yashar leader Gadi Eisenkot stated that leaders of smaller parties in the opposition bloc should not insist on seeking the premiership.

“I think [Eisenkot] is missing the main point, and all of us need to focus on one objective: bringing down the draft-dodgers’ alliance and the October 7 massacre government,” Liberman said. 

“All this talk about who should be prime minister? Come on, you’re talking about it too, and you’re saying that you also want to be, and deserve to be, prime minister.”

Liberman claimed Eisenkot was falling into Netanyahu’s “trap,” claiming the prime minister wants opposition leaders to “spend all our time talking about who’s first, who’s second, and what coalition there will be, instead of talking about the substance.”

sraeli lawmaker Avigdor Liberman attends the Herzliya conference at the Reichman University in Herzliya, July 1, 2026. (credit: AVSHALOM SASSONI/FLASH90)

Ra’am cannot be a coalition partner, Likud is ultra-Orthodox-lite

Liberman argued that focusing on such issues effectively turns opposition parties into campaigners for Likud, and noted that he has not been able to align himself with the party since it became “a light ultra-Orthodox party.”

“That’s not somewhere I intend to work,” he said.

Asked whether the United Arab List (Ra’am) could eventually become part of the opposition bloc, Liberman said the answer was no, and that after October 7, “Ra’am cannot be a partner in the coalition, not from within and not from outside, period.” 

He added that, in any case, his party would not need Abbas’s support.

“The real news is that we’re going to win by a landslide, and there will be a Hungarian scenario. The Zionist parties will secure an overwhelming majority, enough on our own, and we won’t need anyone else,” he said. 

“We’ll establish a truly statesmanlike and Zionist government, as opposed to a sectoral government, the draft-dodgers’ alliance of Goldknopf, Deri, and Netanyahu.”

On Iran: ‘We’ve become a banana republic’

Liberman also addressed the ongoing crisis with Iran and US President Donald Trump’s decision to cancel a planned strike on targets in the Islamic Republic.

“The Iranians are not willing to give up for even a second, not on their nuclear program, not on control of the Strait of Hormuz, and not on support for all their proxies across the region,” he said. “They’re simply buying time. We’ve become a banana republic. It can’t be that Trump announces that we won’t attack Iran, that everyone is speaking on our behalf.”

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Hospitals have been quick to adopt artificial intelligence tools for automating note-taking during patient visits, saying they help lower physician burnout and increase revenues. Medical schools, though, are facing a vexing quandary over AI scribes.

As much as educators want future physicians to be well-versed in the technology, they worry that letting students off-load the struggle of thinking through differential diagnoses to AI could do irreparable harm during the formative years of their medical training.

“The process of deliberately crafting the note forces us to use our brains to really wrestle with what’s happening,” said Jaideep Talwalkar, associate dean of educational technology and innovation at Yale School of Medicine. “There’s an importance in doing that with great repetition.” 

Continue to STAT+ to read the full story…

This post was originally published here. 

I have delivered ALS diagnoses. I know the exact weight of those words, the way the room changes when a person hears them, and the composure and presence a physician is trained to maintain. I spent nearly a decade in medical training learning how to sit across from someone and explain, gently but honestly, what their future might look like with a progressive, fatal disease that today has no cure.

Then I found myself where I never expected to be: on the other side of that conversation.

Read the rest…

This post was originally published here. 

Artificial intelligence is moving fast — so fast that old questions about whether AI should be licensed to practice medicine, in whole or in part, have become pressing ones. These questions are arriving everywhere, in policy debates, pilot programs, and draft legislation, particularly at the state level.

The safest and most sensible answer today is that AI is not ready to be independently licensed like a physician. Medicine rests on a social contract: Society grants physicians unique privileges because they promise extraordinary duties of competence, ethics, and accountability in return. A medical license, therefore, isn’t just a permit to generate thoughtful and informed answers. It’s a legal and ethical grant of authority tied to human judgment, professional accountability, discipline, transparency, and a duty to put patients first.​

Read the rest…

This post was originally published here. 

The Department of Homeland Security added 43 Chinese companies to a federal forced-labor enforcement list Friday, immediately increasing the risk that American importers could have shipments detained at the border because of previously hidden connections inside their supply chains.

Friday’s action is the largest single expansion of the Uyghur Forced Labor Prevention Act Entity List since the law took effect and raises the number of listed companies from 144 to 187.

Newly targeted businesses operate across aluminum, apparel, copper, cotton, food, lithium, pharmaceuticals, electronics and other industries supplying products and components to global markets.

Among the additions is Hunan Aihua Group, one of China’s largest manufacturers of aluminum electrolytic capacitors. Those components are widely used in power supplies, automobiles, industrial equipment, appliances and consumer electronics.

Chacha Food, a major packaged-snack producer known for sunflower seeds and nuts, was also added. Its products are distributed internationally, showing that enforcement is reaching beyond industrial materials into consumer food.

The list does not merely prohibit the named companies from shipping directly to the United States.

Under the law, U.S. Customs and Border Protection generally presumes that goods produced wholly or partly by a listed entity were made with forced labor and cannot enter the country. That presumption can apply even when the American buyer purchased the finished product from an unrelated intermediary.

For importers, the commercial danger lies deep inside the supply chain.

A U.S. company may know its immediate supplier but have limited visibility into the factories producing raw materials, electronic parts, packaging or processed ingredients. If any listed company participated in production, customs officials may detain the shipment until the importer proves otherwise.

That burden can require purchase orders, invoices, transportation records, factory information, employee documentation and tracing records covering every stage of production.

Goods may remain at the border while the review takes place, leaving importers responsible for storage charges, missed delivery commitments and inventory shortages. Companies unable to satisfy the government can be forced to export or abandon the merchandise.

Friday’s expansion therefore affects more than businesses importing directly from China.

Manufacturers in third countries may use Chinese metals, textiles, chemicals or components before exporting finished goods to the United States. American companies purchasing from those factories remain responsible for determining whether banned entities entered the chain.

Capacitors illustrate the challenge. The small components can pass through multiple distributors before being installed in appliances, vehicles or industrial systems, making the original manufacturer difficult to identify from the finished product alone.

Lithium and copper present similar risks because they are processed into battery materials, wiring and other components used across the clean-energy, automotive and electronics industries.

Retailers may face exposure when private-label manufacturers change subcontractors without clearly notifying their American customers. Food importers must trace not only the producer named on the package but also processors and ingredient suppliers.

DHS said the new entities were identified as using or facilitating forced labor involving Uyghurs and members of other minority groups from China’s Xinjiang region. The federal government describes China’s treatment of those populations as genocide and crimes against humanity.

China rejects the allegations and says its labor policies are lawful. Companies added Friday did not immediately issue broad public responses to the U.S. action.

The Uyghur Forced Labor Prevention Act, enacted in December 2021, reversed the traditional customs burden for goods connected to Xinjiang or listed companies.

Rather than requiring the government to prove forced labor was used in each shipment, the importer must provide clear and convincing evidence that the goods comply with U.S. law.

That standard makes prevention more practical than challenging a detention after products arrive.

Businesses importing affected categories may need to compare their supplier databases against the updated federal list, require vendors to disclose subcontractors and confirm that purchase agreements allow termination when sourcing information is withheld.

Larger corporations increasingly use digital tracing platforms to map products back to mines, farms and factories. Smaller companies often depend on supplier assurances, leaving them more vulnerable when a business deep in the chain is newly sanctioned.

Importers also face reputational consequences. A detained shipment can attract scrutiny from customers, investors and advocacy groups even when the American buyer was unaware of the listed supplier.

Replacing a vendor may not provide an immediate solution. Qualifying a new factory, testing materials and renegotiating transportation arrangements can take months, particularly in specialized industries where only a limited number of producers meet technical requirements.

Friday’s expansion sends a broader message that forced-labor enforcement is becoming a continuing supply-chain obligation rather than a one-time compliance review.

Companies must now track not only the 43 additions but also corporate affiliates, ownership changes and suppliers that may route goods through intermediaries.

For American businesses, the central risk is no longer limited to whether their direct vendor is permitted to trade. It is whether they can prove where every important part of their product originated before customs officials ask.

JBizNews Desk | Washington

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For years, becoming a great real estate agent followed a familiar path. You put in the hours, learned your market, built relationships and slowly developed systems that made you more efficient than the competition. Experience wasn’t just valuable. It was your competitive advantage.

AI for real estate agents is changing that equation.

Not because it can negotiate contracts, calm nervous sellers or replace the trust you’ve built with clients—those are still uniquely human skills. But it can eliminate many of the repetitive tasks that used to take years to master, from writing listing descriptions and analyzing market data to organizing follow-up and creating marketing real estate content.

That means the gap between an experienced agent and a newer one is no longer defined by whoever works harder or even who knows more. Increasingly, it’s defined by who can most effectively combine technology with human expertise.

Here’s what that looks like in practice, and why the skills that define successful agents are changing faster than ever.

Key takeaways:

  • AI is raising the bar: The best agents use AI to remove busywork so they can focus on relationships and expert guidance.  
  • Consumers are already adopting AI: Buyers and sellers increasingly use AI to research markets and evaluate agents before making contact.  
  • Expertise is more valuable than ever: AI can accelerate your work, but trust, negotiation, and judgment remain uniquely human.  
  • Create once, use it everywhere: AI helps you turn one piece of work into many, extending the reach of your expertise. 
  • Continuous learning creates an edge: Agents who learn to apply AI strategically will be better positioned as technology continues to evolve.

AI isn’t replacing expertise. It’s replacing friction.

One of the biggest misconceptions about AI is that it’s meant to replace agents. In reality, it’s much better at doing the work that keeps agents from doing their job, improving real estate agent productivity by eliminating repetitive administrative tasks.

Think about how much of your week disappears into repetitive tasks:

  • Drafting follow-up emails
  • Creating social media posts
  • Summarizing inspection reports
  • Updating your CRM
  • Preparing market updates
  • Responding to the same client questions over and over

None of those tasks require your unique knowledge. They’re simply necessary administrative work.

When AI takes those tasks off your plate, you get more time to focus on the parts of the business that clients actually value: advising, negotiating, solving problems and building relationships.

That’s why the most successful agents aren’t asking, “What can AI do for me?” They’re asking, “What should only I be doing?”

Your next client may meet AI before they meet you

For years, the consumer journey followed a familiar pattern: buyers browsed listing sites, asked for recommendations and eventually connected with an agent.

Today, that process is evolving.

Instead of scrolling through pages of search results, many consumers are asking AI assistants to summarize the market, compare neighborhoods and recommend professionals they should consider.

Buyers and sellers are increasingly turning to AI assistants to help them navigate the market. According to a recent Realtor.com survey, 82% of buyers and sellers already use AI during their home search, whether they’re researching neighborhoods, comparing home values or gathering market information before ever contacting an agent.

Some are asking questions like:

  • “Is this neighborhood a good fit for young families?”
  • “How competitive is the market right now?”
  • “Should I buy now or wait until next year?”
  • “Who are the top real estate agents in my area for first-time buyers?”

Notice that last question.

Consumers aren’t just using AI to research homes. They’re starting to use it to evaluate the professionals they want to work with.

That doesn’t mean AI is choosing an agent for them. It does mean buyers and sellers are arriving at the conversation better informed, with higher expectations and a shorter list of agents they’re considering.

The agents who stand out in this environment aren’t necessarily the ones creating the most content. They’re the ones consistently publishing helpful, trustworthy information that demonstrates expertise and answers the questions clients are already asking.

In other words, AI is changing how consumers discover expertise. It’s up to agents to make sure their expertise is discoverable.

The agents pulling ahead think differently about AI

It’s easy to assume the agents succeeding with AI are simply using more tools. In reality, they’re approaching AI with a completely different mindset. The difference isn’t about doing more with AI for real estate agents. It’s about building smarter, more repeatable systems that support how they run their business.

That’s an important distinction.

For example, an agent could use AI to write a single Instagram caption for a new listing. That’s helpful, but the advantage ends there.

REALTOR® Phil Sexton demonstrated this shift during a recent Colibri Real Estate webinar. Instead of hiring a graphic designer or learning complex design software, he simply prompted an AI tool to create an image of a buyer video-chatting with an agent. Seconds later, he had a polished graphic ready to use in his marketing.

An AI-enabled agent takes the same listing and turns it into an entire marketing system. One prompt becomes a listing description, social posts, a client email, a short video script, a blog article and responses to common buyer questions. The content stays consistent, the messaging stays on brand and the agent gets hours of their week back.

The same thinking applies to every part of the business.

Instead of manually following up with every lead, AI can draft personalized emails based on previous conversations. Instead of spending an hour summarizing inspection reports, AI can organize the findings into clear talking points before you review them with your client. Instead of staring at a blank page before every market update, AI can transform local housing data into content that’s ready for your insight and final edits.

AI isn’t replacing the agent’s judgment. It’s eliminating repetitive work that slows the agent down.

The result isn’t just greater efficiency; it’s greater consistency. Marketing happens even during busy weeks. Follow-up doesn’t fall through the cracks. Clients receive faster responses. And agents spend more of their day doing the work that actually builds trust and closes transactions.

That’s where the real competitive advantage begins.

Great agents don’t create more. They maximize what they’ve already created.

One of the biggest misconceptions about AI is that it’s there to create content for you. It can, but that’s not where its greatest value lies.

The real opportunity is using AI to get more value from the knowledge you already have. Instead of constantly creating from scratch, real estate content repurposing allows agents to extend the value of every market update, client conversation and listing presentation.

Every week, you explain market conditions, answer buyer questions, review inspection reports and walk sellers through pricing decisions. Those conversations are packed with valuable insights, but once they’re over, they’re gone.

AI helps you extend the life of that expertise.

Marketing strategist Matt Maier encourages agents to think less about constantly creating something new and more about repurposing what they’ve already created. During a recent Colibri Real Estate webinar, he demonstrated how a single neighborhood market update could automatically be turned into multiple short videos for different social media platforms.

“You do the upfront investment in creating that video,” Maier explained. “Then [AI] will turn it into these really nice-looking clips.”

The same principle applies across your business.

A listing presentation can become a seller guide. A buyer consultation can become a frequently asked questions page. A market update can become a blog post, a client email, several social media posts and talking points for your next listing appointment.

Instead of starting from scratch every time you need to communicate with clients, you’re building on work you’ve already done.

That’s where AI creates real leverage. It doesn’t replace your expertise. It helps you share that wisdom more consistently, reach more people with it and spend less time recreating what you already know.

The skills that matter most are still human

If AI can write emails, summarize reports and generate marketing content in seconds, what separates a great agent from an average one?

It’s the same skills that have always mattered. They’re just becoming more valuable.

AI can analyze market data, but it can’t read the hesitation on a seller’s face when an offer comes in lower than expected. It can draft a follow-up email, but it doesn’t know when a client needs reassurance instead of another market update. It can explain contract language, but it can’t navigate the emotions that come with a divorce sale, a first home purchase or an estate transaction.

The agents who will thrive over the next decade won’t be the ones who know the most AI prompts. They’ll be the ones who use AI to create more time for the work only humans can do.

That includes:

  • Building trust through authentic relationships
  • Reading emotions and motivations during negotiations
  • Helping clients make confident decisions during stressful moments
  • Solving unexpected problems when transactions get complicated
  • Providing local insight that goes beyond what any algorithm can summarize

Think of AI as your operations partner, not your replacement.

It handles repetitive work, surfaces information faster and helps you stay organized. You bring judgment, empathy and experience that turn a transaction into a trusted client relationship.

That’s why the conversation shouldn’t be about whether AI will replace real estate agents. It should be about whether agents are using AI to become even better at being human.

Three habits of agents who use AI well

You don’t need to overhaul your business overnight to benefit from AI. The agents seeing the biggest results aren’t trying to automate everything at once. They’re making small, intentional changes that compound over time.

Here are three habits worth adopting.

1. Start with one repetitive task

Look for the task you dread doing every week, whether it’s writing listing descriptions, drafting follow-up emails, creating market updates or organizing your CRM. Use AI to simplify that one process before moving on to the next. Small improvements are easier to sustain and often reveal other opportunities to save time.

2. Get more value from the work you’re already doing

Don’t let your best ideas live and die in a single email, presentation or client conversation. Turn one market update into a blog post, several social media posts, a client newsletter and talking points for your next listing appointment. AI helps you extend the reach of your professional judgment instead of constantly starting from scratch.

3. Keep your expertise at the center

AI should accelerate your work, not replace your judgment. Always review AI-generated real estate content for accuracy, Fair Housing compliance and local market relevance. The technology may help you move faster, but clients still hire you for your advice, experience and ability to guide them through important decisions.

AI will continue to evolve, but these habits won’t. Agents who consistently look for ways to eliminate busywork, amplify their expertise and protect the human side of the business will be the ones who stay ahead, no matter what new tools emerge.

Building your AI for real estate agents advantage

AI isn’t going away, and neither is the need for trusted real estate professionals. The opportunity isn’t to learn every new tool that comes along. It’s to develop the habits and workflows that let technology handle repetitive work while you focus on serving clients.

If you’re ready to move beyond experimenting with AI and start building practical workflows that save time, improve client service and support long-term business growth, Colibri Real Estate’s AI MasterTracks are designed to help you get there.

Rather than teaching AI in theory, AI MasterTracks show you how to apply it to the work you already do every day, from prospecting and marketing to client communication, listing presentations, transactions and referrals. Through live expert-led sessions, self-paced training and interactive office hours, you’ll learn real-world systems you can put into practice immediately.

For agents committed to continuous growth, Colibri Real Estate Pro and Premier Memberships include AI MasterTracks along with unlimited state-approved continuing education, professional certifications and practical learning resources designed to help you stay competitive throughout your career.

The goal isn’t to become an AI expert. It’s to become the kind of agent clients choose because you’re better prepared, more responsive and able to spend more time focused on them.

Click Here

This post was originally published on here. 

For years, housing affordability was a problem hiding in plain sight. Rents were climbing faster than wages. First-time buyers locked out of markets their parents once could afford. Families doubling up, moving away or simply giving up on the idea of owning a home. The numbers were damning. The causes were well understood. And yet Washington did almost nothing.

That changes with the enactment of the 21st Century ROAD to Housing Act.

A builder’s view of a problem that was never really hidden

I spent decades building multifamily housing across this country. I know what it takes to get a project off the ground—the financing, the regulatory hurdles, the workforce—and I know how much harder all of it has gotten. More than a decade ago, it was clear to me that the U.S. had stopped building enough housing for our lowest-income families and for the large generation of Millennials and younger households entering the market for the first time.

The reasons are several. The Great Recession put many homebuilders out of business, housing starts slowed to a trickle and the skilled construction workforce disappeared as a result. Restrictive zoning and land-use policies have made it very difficult to build smaller starter homes as well as duplexes, triplexes and other forms of “missing middle” housing. The COVID-19 pandemic compounded the problem by wreaking havoc on the supply chain for critical homebuilding materials.

All of these factors conspired to create a shortage of homes measured in the millions.

The law of supply and demand took over from there. Fewer homes meant more competition for the ones that existed, and more competition meant higher prices. The shortage drove up rents and home prices. It pushed homeownership further out of reach for people who, a generation ago, would have had no trouble buying their first house. The math was never complicated. We simply chose not to do anything about it.

Congress finally heard what the American people were saying

Housing is not a partisan issue—and the American people have been saying so loudly for some time. The mandate from voters to Congress was clear: build more housing, lower costs and do it now. 

To its credit, Congress responded. Lawmakers came together, worked across party lines and got it done. The 21st Century ROAD to Housing Act removes regulatory obstacles that have been strangling homebuilding for years and creates real incentives for localities to reform the zoning rules that have made it nearly impossible to build the kind of housing the market desperately needs. It modernizes federal housing programs that haven’t kept pace with how people actually live and work today.

Critically for the multifamily sector, the law provides new tools designed to close the gap that has made apartment construction increasingly difficult to pencil in markets across the country. Anyone who has tried to develop a multifamily project recently knows the math can be brutal—construction costs up, financing costs up and rents that still can’t support the numbers in too many markets. These tools won’t solve every deal, but they will move the needle on projects that would otherwise never get started. 

These changes, along with recent congressional action to expand and strengthen the Low-Income Housing Tax Credit—the nation’s most important affordable rental production tool—will take time to play out. But they will have a meaningful impact on housing supply and costs for years to come.

Legislation opened the door — the industry has to walk through it

No single piece of legislation will solve a housing affordability crisis that’s been years in the making. And it will take more than Washington to get there.

It will take mayors and local leaders who see this problem up close every day and are already doing something about it in their own communities. It will take governors willing to move land-use policy reform at scale. It will take the private sector and philanthropy—recent commitments from financial institutions and philanthropic organizations to support new affordable housing construction and preservation are exactly the kind of leadership this moment demands from those working outside government.

And it will take the industry. The people reading this publication know better than most what’s been missing—and what’s now possible. The 21st Century ROAD to Housing Act gives developers, builders, lenders and local governments a stronger hand to play. The question now is whether we play it.

With the enactment of the 21st Century ROAD to Housing Act, we’re a step closer to the country we should be—one where a decent, affordable home is within reach of every American, regardless of their zip code or their income. That’s real progress. The road ahead is long, and the work continues.

Ron Terwilliger is the founder of the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center, and Chairman Emeritus of Trammell Crow Residential, one of the nation’s largest multifamily developers.

This post was originally published on here. 

Jerusalem area Border Police arrested a man hiding inside a loudspeaker in a vehicle on Saturday night, who was determined to be in Israel illegally. 

During a vehicle inspection at El-Jib Crossing, police said officers noticed a large speaker inside the car, the placement of which “aroused suspicion,” next to a car seat with an infant inside. 

The illegal resident and the vehicle’s driver were arrested and taken in for further questioning by both the Border Police and Israeli intelligence officials. 

Police find, disarm three pipe bombs outside Ramallah train station

Israel Police found three high-powered pipe bombs in an open area near the train station in Ramallah on Sunday. 

The police also stated that they had found dozens of 5.56 caliber ammunition alongside the pipe bombs, which had been stolen from the IDF.

Three pipe bombs found by the Israeli police in Ramallah, August 2, 2026. (credit: ISRAEL POLICE)

The explosives were disarmed by the police, and the items were taken by the police for further investigation.

Police seize guns in Bedouin village

Earlier, the police announced that they had foiled an attempted attack in the Bedouin village of Bir al-Maksur, after they had seized several weapons, including a Beretta M12 submachine gun and a loaded pistol.

During the raid, the police also arrested six suspects, the police stated.

According to the police, both incidents are thought to be criminal in nature.

Tzvi Jasper contributed to this report.

This post was originally published on here. 

Heavy rains and floods battered parts of southern India over the weekend, killing at least 11 and displacing thousands in the state of Kerala, and setting off a landslide that killed at least three in neighboring Karnataka, authorities and news reports said.

The death toll in rain-related incidents rose to 11 by Sunday, and nearly 7,700 people were evacuated to around 275 relief camps across Kerala, a state government minister said.

Kerala’s Chief Minister VD Satheesan said on Monday he would be meeting district officials to review relief camp arrangements. On Sunday, he said clean-up operations had begun in flood-affected areas.

Rescuers work on the debris following a landslide near the Meenakshi Bridge close to a tunnel project site in Wayanad district, in the southern state of Kerala, India, July 7, 2026. (credit: REUTERS/CK Thanseer/File Photo)

Strong winds, heavy rains force closures

The state is likely to see strong winds and moderate rainfall in some areas on Monday, the state’s disaster management authority said.

Heavy rains also forced closures of many schools across the state, while the government postponed a state-level teacher recruitment exam.

In the neighboring northern state of Karnataka, heavy rains triggered a landslide that killed a couple and their son on Saturday, the newspaper the Hindu reported.

This post was originally published on here. 

Acting US Attorney-General Todd Blanche rescinded an order establishing the “anti-weaponization” fund, paving the way for his confirmation ahead of a key Senate committee vote on Tuesday, after Republican senators stalled his nomination over concerns about the fund.

Republican Senators John Cornyn of Texas and Thom Tillis of North Carolina had held up Blanche’s attorney general nomination while seeking written assurances that the Justice Department would not move forward with the fund, which critics have derided as a slush fund for Trump’s supporters.

“The Department of Justice today announced that the Acting Attorney-General rescinded the May 18, 2026 Order that established ‘The Anti-Weaponization Fund,'” according to a copy of the order posted by Blanche on X/Twitter on Sunday.

The Republican senators had also objected to a Justice Department order that barred the Internal Revenue Service from pursuing any audits into past tax claims for Trump, his relatives and his companies for any tax returns filed before May 18.

“Sen. Cornyn has reached an agreement with the Department of Justice, which will be issuing a formal order permanently terminating the anti-weaponization fund and making clear in a binding written document that the scope of the audit settlement is limited to only the plaintiffs, including the President, and the IRS,” US media outlets quoted Natalie Yezbick, a spokesperson for Cornyn, as saying.

US President Donald Trump speaks to the media aboard Air Force One en route to Joint Base Andrews, in Maryland, US, August 2, 2026.  (credit: REUTERS/Daniel Heuer)

Push for Congress to codify anti-weaponization fund

Blanche’s order stated that the tax order “applied by its terms only retroactively.”

“The Acting Attorney-General stands by all of his July 15, 2026 Senate Judiciary Committee testimony, including answers to questions asked by Senator Cornyn related to the scope and applicability of the May 19, 2026 Order,” the DOJ statement shared by Blanche said, referring to the tax audit order.

Trump had said as recently as last week that the $1.8 b. “anti-weaponization” fund was dead.

However, the president said over the weekend that Blanche would stay in his current acting role if not confirmed by the Senate and added that he would also push Congress to codify the proposed “anti-weaponization” fund.

Tillis, whose term ends in January, wrote on Saturday that Blanche would not be confirmed because of Trump’s reversal, although he hoped that the matter could be resolved by Tuesday, when the US Senate Judiciary Committee has ​scheduled a nomination vote.

Blanche has served as acting attorney-general since April, when Trump fired Pam Bondi.

The now-rescinded fund was created as part of a legal settlement between ​Trump and the US Justice Department to resolve his $10 billion lawsuit against the IRS over allegedly mishandling his tax records.

Supporters say the fund was intended to compensate individuals they argue were unfairly targeted by the federal government, while critics said it could direct taxpayer money to Trump allies, including those who assaulted police officers during the January 6, 2021 Capitol riot.

This post was originally published on here. 

Myanmar’s detained former leader Aung San Suu Kyi met with a representative of the International Committee of the Red Cross on Monday, a spokeswoman for the Myanmar government said, amid concerns over the health of the 81-year-old.

The Nobel Peace Prize winner has been in detention since February 2021 when an elected civilian government led by her was ousted by Myanmar’s military in a dawn coup, plunging the impoverished Southeast Asian nation into turmoil.

Since then, Suu Kyi’s exact whereabouts and health conditions have been difficult to determine, with no foreign leader or envoy having publicly met her.

On Monday, Suu Kyi met with Arnaud de Baecque, Resident Representative of the International Committee of the Red Cross (ICRC) to Myanmar in the capital Naypyitaw, government spokeswoman Khine Khine Soe said in a message via Telegram.

The ICRC did not immediately respond to a request for comment.

Myanmar's detained former leader Aung San Suu Kyi meets Myanmar's Resident Representative and Head of Delegation for the International Committee of the Red Cross (ICRC) Arnaude de Baecque, in Naypyidaw, Myanmar August 3, 2026. (credit: Khine Khine Soe, Myanmar Government spokesperson/Handout via REUTERS )

Military-engineered coup, election

In two of the four photographs provided by the government spokeswoman, Suu Kyi – dressed in traditional Burmese attire – is seen meeting with Baecque in a sparsely furnished, wood-paneled room containing only two chairs and a desk.

In another photo, offering a rare glimpse inside what appears to be her residence, Suu Kyi is seen cutting a birthday cake inscribed with her name, with a clothes rack and storage boxes visible in the background. A fourth photograph is a close-up of the cake, inscribed with “Happy Birthday Aunty Suu 29.6.2026.”

Reuters was not able to independently verify the location and the date when the pictures were taken. No earlier version of the pictures was found posted online before Monday.

Move to house arrest

Suu Kyi has been serving a 27-year sentence after being convicted of multiple offenses based on charges her allies said were politically motivated.

In late April, following a military-engineered election that allowed former junta leader Min Aung Hlaing to become Myanmar’s president, authorities said that she had been moved to house arrest.

Her sentence was also commuted by one-sixth as part of an amnesty for thousands of prisoners, which also saw the release of her ally, former President Win Myint.

But the new military-backed administration has so far been reluctant to provide access to Suu Kyi, including a May request by the Philippines to allow a special envoy of the regional ASEAN bloc to meet with the detained leader.

Myanmar’s junta said last December that Suu Kyi is “in good health,” after her son told Reuters he had received little information about his aging mother’s condition and not heard from her in years, fearing she could die without him knowing.

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The tens of thousands of young people who have been attempting to swim across the border between Morocco and Ceuta are only the beginning of a much larger migration crisis, journalist and Reichman University lecturer Henrique Cymerman explained in an interview with 103FM on Sunday.

“There are two cities, Ceuta and Melilla, and they have belonged to Spain for more than 400 years, with Africa surrounding them,” Cymerman explained. 

“There are fences in certain areas, and each time young people try to jump over them, they have two and a half minutes. That’s the amount of time they have before the Spanish police arrive and may send them back to Morocco. They run to the refugee center, and if they manage to make it there within those few minutes, and some of them do, they are no longer returned to Morocco. They’ve made it. From there, within a few months, they can move on to Europe and fulfill their dream.”

Conspiracy theorists blame Israel for Spain’s crisis

Cymerman went on to explain why conspiracy theories have emerged accusing Israel of pulling the strings behind the crisis.

“Israel enters the picture indirectly because of our alliance with Morocco and with the Americans,” he said. “Spanish Prime Minister Pedro Sánchez has become the leading anti-Israel voice in Europe, and some say he has sought to sever relations with the State of Israel.”

Migrants carry a fellow migrant, who they say was injured when the Spanish police and military tried to contain the migrants to an area of a beach, following mass crossings of migrants on foot and by sea from Morocco into Spanish territory, in Ceuta, Spain, August 2, 2026. (credit: REUTERS/PEDRO NUNES)

Others, he noted, are blaming Morocco’s king, who is reportedly unhappy with the Spanish government’s growing closeness to Morocco’s historic rival.

“Some people say this is an attempt by the King of Morocco to show Sánchez what could happen if he compromises on other issues, for example in his relationship with Morocco’s biggest rival, Algeria. He is due to visit there soon, and Spain also buys large quantities of Algerian gas. About 40% of Spain’s gas comes from there.”

Beyond the local political complexities in the Maghreb, Cymerman believes the refugee crisis is only set to intensify.

“Today there are 1.5 billion people in Africa, with huge numbers of young people who have no hope. We are going to see a wave of young Africans trying to reach Europe,” he said. “Europe faces a major test in how to deal with this, as it tries to balance the humanitarian aspect, at least ostensibly, with its ability to absorb millions of Africans.”

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Defense Minister Israel Katz vowed to do everything in his power to strengthen security and lead a “revolution in settlement” in the Galilee during an emergency conference held by the Forum for Judaizing the Galilee on Sunday.

“The Galilee is not only a national objective – it is a security objective. Strong Jewish settlement in the Galilee is an inseparable part of the resilience and security of the State of Israel,” Katz asserted.

“Just as we led an unprecedented revolution in settlement in Judea and Samaria through the establishment of communities and farms, strengthening security, and a determined fight against terrorism – so we will act in the Galilee,” he added.

Conference aimed to establish 10-year plan for encouraging Galilee settlement

The conference, which was hosted by Karmiel Mayor Moshe Koninsky and called for by Forum for Judaizing the Galilee chair Dr. Ruth Cabasa Abramson, convened with the aim of establishing a 10-year plan for encouraging Jewish settlement, according to a statement released by the forum.

The plan discussed at the meeting focused on four main sectors, including demographics, land, quality of life, and law enforcement. 

Defense Minister Israel Katz attends an emergency conference for the Forum for Judaizing the Galilee on August 2, 2026. (credit: ELAD MALKA)

According to the forum, the demographics aspect of the plan entails supporting urban settlements and “communities that preserve a Jewish character and promote a population balance that serves equality and social cohesion in Israel.”

To make land available for the establishment of potential settlements, the forum called for a campaign against illegal construction, the expansion of mandates and budgets for construction authorities, and the reexamination of construction plans in the Arab sector in light of updated data.

The plan also outlined a framework for improving quality of life and employment opportunities in the region. The forum emphasized that developing transportation infrastructure and attracting employment opportunities in industries, such as high-tech, are essential for attracting new residents.

To ensure that the measures for incentivizing development in the Galilee are protected, the forum detailed potential law enforcement operations aimed at reducing crime in the region.

Such measures include initiating a campaign against illegal firearms and cracking down on organized crime through the establishment of dedicated courts, increasing the number of investigators, and strengthening deterrence against crime.

Forum calls for establishment of coordinating body to address ’emergency’ situation

The forum stated that in order to properly implement the plan, a dedicated coordinating body should be established within the Prime Minister’s Office and funding should be ensured for the next ten years.

Abramzon stated that the current situation in the Galilee has “reached a point of no return” and become an emergency.

“If the State of Israel does not come to its senses and prepare a plan for the coming decade that addresses every dimension of the problem, it could… inflict irreversible damage upon itself,” she asserted.

“We will strengthen Jewish settlement, invest in infrastructure, and reinforce security,” Katz added. 

“Our victory will truly be complete when the Galilee prospers, flourishes, and is filled with families, communities, and growth. This is a national objective, and as Defense Minister I will do everything possible, together with the defense establishment, to help achieve it,” he vowed.

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Cuba’s electricity grid collapsed late on Sunday, the state-owned grid operator said, plunging the ‌island of about 10 million people into darkness as blackouts become more frequent.

The outage follows three nationwide blackouts in July and comes as a US-imposed oil blockade further strains the island’s aging energy infrastructure.

The Unión Eléctrica de Cuba gave no further details of the situation in its posts on X/Twitter and Facebook.

Pressure on the power system has mounted as Cuba struggles to secure fuel imports.

It lost a key source of fuel after an oil blockade imposed by US President Donald Trump, following Washington’s January 3 ouster of Venezuelan President Nicolas Maduro.

A man rides his bicycle down a street during a blackout in Havana on August 1, 2026.  (credit: YAMIL LAGE/AFP via Getty Images)

Imports from Venezuela, Mexico halted with US pressure

Venezuela had long been Cuba’s primary oil supplier, with imports from Mexico also halted amid increased US pressure.

The power crisis coincides with a cautious opening of Cuba’s tightly controlled energy sector, driven by fuel shortages and severe US sanctions.

Havana recently authorized its first foreign-backed fuel import venture and allowed nearly 200 Cub

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Villagers in one indigenous community in Malaysia’s Sarawak state once lived by an unspoken rule: leave the crocodile be, and it will leave you alone in turn.

But for the community’s headman, Daniel Muking, that taboo has now been broken, after his son was found dead following a crocodile attack in May 2024.

“It has eaten my child, so I have every right to kill it,” he said.

Sarawak on Borneo island has seen a rise in crocodile encounters in recent years as the number of reptiles in the state’s rivers rebounded. The crocodile population reached more than 25,000 in 2024 after being nearly wiped out due to overexploitation in the 1980s, according to a survey.

Crocodile attacks have caused 22 deaths between 2023 and 2025, with five fatalities so far this year.

A crocodile leaps into the Kemena River from the riverbank after encountering crocodile hunters patrolling the river to survey the number and size of crocodiles before hunting them in Bintulu, Sarawak, Malaysia, July 17, 2026.  (credit: REUTERS/Hasnoor Hussain)

Balancing wildlife conservation and safety of villagers

Sarawak Deputy Natural Resources Minister Len Talif Salleh said authorities must balance wildlife conservation with the safety of riverside communities.

The Sarawak state government has begun issuing hunting licenses and launched a new mobile phone application for the public to report sightings, as part of its efforts to manage the crocodile population.

Though crocodile encounters have become more frequent, attacks have declined compared to 20 years ago, the Sarawak Forestry Corporation said.

“Crocodiles may be appearing more frequently near (human) settlements because they can find food more easily there,” the corporation’s general manager, Abang Arabi Abang Aimran, said.

Authorities have collaborated with licensed hunters and local communities to relocate crocodiles away from rivers near human settlements.

For families such as Daniel’s, the move has given them long-awaited closure after the crocodile that villagers identified as killing his son was eventually hunted down.

“I also want to eat its flesh if I can,” Daniel said.

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Australia warned on Monday against the risk of a wider spread of H5N1 bird flu after its first mass mortality episode among seabirds killed about 50 greater crested terns off the coast south of Adelaide.

However, there is no evidence yet of the virus on Australia’s farms, many of which have locked down to safeguard poultry flocks since it was first detected in June.

Agriculture Minister Julie Collins said testing confirmed H5N1 bird flu in a group of 49 dead and 35 sick terns found by helicopter surveillance on rocks off Cape Jaffa, 250 km (155 miles) from Adelaide on Friday.

“Australians should expect to see more spread and larger numbers now of wildlife being affected,” she told reporters in Canberra, the capital.

“This is the first confirmed case of a mass mortality,” she added. “Once the H5 bird flu is spreading in wildlife and the natural environment, it is not possible to avoid significant losses, which is what we’re starting to see now.”

 A northern giant petrel after being brought into care at the Esperance Wildlife Hospital after it was found at Wylie Bay Beach and later tested positive for the H5N1 bird flu, in Esperance, Australia, June 18, 2026. (credit: Lori-Ann Shibish - Esperance Wildlife Hospital and Sanctuary/Handout via REUTERS)

First cases of H5N1 in Australia, millions of animals killed in recent years

Australia’s tally of 74 confirmed cases is spread as wide as the states of Western Australia and Queensland, though most cases were in South Australia, Collins said.

Australia and New Zealand – which saw its first H5N1 case last month – have spent years bracing for the virus, with steps such as tighter biosecurity at farms, testing of shore birds, vaccinating vulnerable species and war-gaming response plans.

The virus has killed hundreds of millions of birds and mammals in recent years, causing billions of dollars in losses to poultry farmers, infecting cattle in the United States and littering beaches with corpses of birds and seals.

H5N1 bird flu can infect humans who have contact with infected animals. But the number of cases worldwide is small, and officials say the risk to humans is low.

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Crude sold off hard in early Monday trading after President Donald Trump said he had canceled a planned military strike on Iran and that negotiations toward a deal reopening the Strait of Hormuz would begin later in the day.West Texas Intermediate futures for September delivery declined about 4.5% to $80.89 per barrel, while Brent crude futures for October delivery lost roughly 4.4% to $84.10 a barrel. Brent fell as much as 7.3% at one point, touching $81.55 a barrel, and WTI traded as low as $79.77 before steadying.

The reversal follows one of the most violent months on record for energy markets. Both benchmarks climbed more than 20% in July as fighting between the United States and Iran intensified and Houthi militants blockaded Saudi ports, choking off the two main outlets for Middle East crude.

Trump announced the pause Saturday on Truth Social, saying he had been asked by Iran and other governments in the region to hold off while terms were worked out. He said the framework would include the “Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT” along with an end to Iran’s nuclear program. Speaking to reporters aboard Air Force One on Sunday, the president said talks would begin Monday afternoon, without naming a venue or the participants. He declined to set any deadline for reaching an agreement.Trump said he pulled back the operation at the request of Saudi Arabia, the United Arab Emirates, Qatar and Iran, and described a deal covering Hormuz and Iranian denuclearization as imminent.

He characterized the canceled operation as the largest since World War II and said the U.S. remains able to strike at any time.

Tehran offered a far more restrained reading of the weekend. Foreign Ministry spokesman Esmail Baghaei said the strait “will in no way return to the status it was before February 28th,” the date the war began, and said discussions with Oman on shipping through the waterway do not currently include reopening it. Iran’s acting defense minister, Seyyed Majid Ibn Al-Reza, said Tehran treats every threat as real even while viewing recent U.S. statements as pressure tactics. Foreign Minister Abbas Araghchi spent Saturday on calls with counterparts in Pakistan, Turkey and Saudi Arabia warning against renewed American strikes, according to Iranian state media.

The gap between the two accounts explains why traders trimmed risk premium without pricing in peace. A regional official involved in mediation said the proposal calls for reopening Hormuz and halting attacks across the region, including strikes by Iranian-backed militias in Iraq on Gulf states and Jordan, with Washington ending its naval blockade and permitting Iranian oil exports in return. No agreement has been reached.

For American importers, shippers and fuel buyers, the number that matters is what actually moves through the waterway. Hormuz has been effectively impassable since fighting resumed on July 8, weeks after the two sides agreed to a ceasefire. Roughly 20 million barrels a day transited the strait before the war, and traffic recovered enough during the ceasefire to release some 200 million barrels. Transits have since fallen to a trickle, rising only briefly on favorable headlines.

That pattern has defined the market all year: prices retreat on diplomatic signals, then recover the ground within days when tankers fail to sail. Monday’s decline reflects an expectation of barrels returning, not barrels that have returned.

The risk on the water has not eased alongside the rhetoric. The United Kingdom Maritime Trade Operations center received a report of an incident northeast of the region even as the diplomatic track advanced. The State Department has urged Americans to consider leaving the Middle East. War-risk insurance premiums, charter rates and crew availability all remain priced for a conflict zone, and those costs pass through to landed prices for fuel, plastics, fertilizer and packaging long after headlines shift.

Downstream, the arithmetic is straightforward. Every sustained ten-dollar move in crude translates into roughly a quarter per gallon at the pump within several weeks, with diesel typically moving faster and further. Distributors serving the tri-state area have spent the summer buying forward at elevated prices to protect delivery schedules, and a genuine reopening of Hormuz would take months to work through existing contracts.

Goldman Sachs told clients last week that Brent could ease toward $80 a barrel by year-end if the strait fully reopens during the final quarter, while warning that Red Sea disruptions and attacks on Saudi infrastructure remain a source of upward pressure.

Attention now turns to whether Monday’s talks produce anything more durable than the previous rounds. Delegations from the two countries entered negotiations in June built around a memorandum of understanding, and strikes continued throughout. Until tankers move, the market is trading on a promise.

JBizNews Desk | New York

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Federal auto-safety regulators opened an investigation Friday into approximately 1.2 million Tesla vehicles after receiving reports that a front suspension component could detach and leave drivers unable to steer properly.

The National Highway Traffic Safety Administration’s preliminary evaluation covers 2018 through 2020 Model 3 sedans and 2021 through 2023 Model Y sport-utility vehicles.

Investigators received 156 complaints involving the front lower lateral link, a suspension component that helps control the position and movement of the wheel. In many reported cases, the link separated without warning.

A detachment can cause the affected wheel to shift out of alignment, make the vehicle difficult or impossible to control and leave it unable to be driven. Some owners reported hearing noises before the failure, but most incidents allegedly occurred without a clear advance warning.

No crashes, injuries or deaths have been identified in connection with the complaints under review.

The investigation does not mean the vehicles have been recalled or that regulators have concluded a safety defect exists. A preliminary evaluation is NHTSA’s first formal step in determining the scope, frequency and severity of a reported problem.

Regulators can close the inquiry without further action, seek additional information from the manufacturer or expand it into an engineering analysis. A recall could follow if the agency determines that the component presents an unreasonable safety risk.

For owners, the immediate concern is that a suspension problem generally cannot be corrected through the remote software updates Tesla frequently uses for other recalls. Replacing or inspecting a mechanical link would require bringing the vehicle to a service center.

That distinction could make any eventual remedy more expensive and disruptive for the company. A recall involving even part of the investigated population could require extensive parts production, technician time and appointment capacity across Tesla’s service network.

The investigation also reaches two of Tesla’s most widely owned vehicles. Model 3 and Model Y sales helped transform the company from a niche electric-car manufacturer into a mass-market automaker, placing large numbers of the affected model years on American roads.

Used-car buyers could also feel the consequences. Open investigations can create uncertainty over future repair obligations and resale values, particularly when the potential defect involves steering or suspension rather than a cosmetic or software issue.

Tesla has previously recalled smaller groups of vehicles for suspension-related problems. A 2021 recall covered certain Model 3 and Model Y vehicles whose front suspension lateral-link fasteners may not have been properly tightened.

Another suspension recall followed in 2023, but regulators said the complaints driving Friday’s investigation appear separate from those earlier manufacturing issues.

That leaves investigators examining whether the latest reports point to a broader design, durability or production problem.

Owners experiencing unusual noises, changes in steering, uneven wheel positioning or difficulty controlling their vehicles should avoid assuming the issue can wait for routine maintenance. NHTSA allows consumers to file complaints directly, and those reports frequently help regulators identify patterns that individual repair shops may not see.

Tesla had not announced a new recall tied to Friday’s investigation.

The company’s response will be central to the next phase. Regulators are likely to seek production records, warranty claims, service reports, component specifications and internal assessments showing how frequently the links failed and whether Tesla previously identified a pattern.

A broader recall would add to the financial pressure facing automakers as vehicle repairs become more complex and parts remain expensive. Unlike an over-the-air correction, suspension work requires physical components, labor and coordination with owners.

Even without a recall, the investigation creates a new consumer-confidence challenge. Vehicle buyers may tolerate software glitches that can be quickly corrected, but steering and suspension complaints strike directly at the basic expectation that a car remain mechanically controllable.

The next question is whether the 156 complaints represent isolated failures across a very large vehicle population or the early evidence of a defect capable of affecting far more owners.

JBizNews Desk | Washington

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Tremors were reportedly felt in southern Israel and the Dead Sea area in the early morning hours on Monday after an earthquake struck Egypt.

An earthquake measuring 5.6 in magnitude struck 38 km. north of the Egyptian city of Suez, Egypt’s National Research Institute of Astronomy and Geophysics said.

The Egyptian Red Crescent said it activated its emergency response plan in the governorates where the quake was felt, but that it had so far received no reports of casualties or damage to property.

The institute said it had received no reports of casualties or damage to property.

The Egyptian Red Crescent said it activated its emergency response plan in the governorates where the quake was felt. It urged residents to avoid buildings showing signs of structural damage and to follow official updates as authorities continued to assess the situation.

The German Research Centre for Geosciences (GFZ) measured the earthquake at magnitude 5.4 and said it struck at a depth of 10 km.

An alert recieved on Android devices in Israel said that an earthquake measuring 5.9 on the Richter scale had occured in Egypt.

Israel’s Home Front Command Center said that there were no warnings regarding potential additional earthquakes in Israel, adding that the earthquake occured in the Sinai Peninsula.

This is a developing story.

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Two people were hospitalized after a building collapsed in a central area of Sydney on Monday, emergency services said.

A spokesperson for New South Wales Ambulance said it was called to an address in Ultimo, a suburb around 2 km (1.2 miles) from the city’s central business district, just before 11 a.m. local time.

Workers assessed seven patients at the scene, of whom two were transported to hospital in serious condition.

Footage from Australian television network Seven showed the collapsed wall of a large building that the channel said was located near a construction site.

This is a developing story.

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Japan and the US conducted coordinated yen-buying intervention and will not hesitate to take further action, Japan’s finance ministry said on Monday, confirming a rare bilateral action to halt the yen’s slide to fresh 40-year lows.

The move underscored both countries’ resolve to prevent a selloff in the yen and Japanese government bonds (JGBs) from causing global spillovers, such as adding upward pressure on already rising US Treasury yields, analysts said.

The joint intervention was the first since 2011’s coordinated action to weaken the yen following the devastating earthquake in eastern Japan.

President Donald Trump said on Sunday the US was helping Japan prop up the yen as a sign of friendship and to help the world economy.

Aside from helping Japan as a strategic ally in Asia, the intervention would help the US address concerns over extraordinary weakness in the yen that offsets the boost from Trump’s tariffs, analysts say.

US President Donald Trump speaks during a meeting with Japanese Prime Minister Sanae Takaichi (not pictured) in the Oval Office at the White House in Washington, DC, US, March 19, 2026. (credit: REUTERS/EVELYN HOCKSTEIN)

In the statement, Japan’s finance ministry said Friday’s yen-buying intervention with the US Treasury Department “countered excessive volatility and disorderly movements in the Japanese yen in recent months.”

“We will not hesitate conducting further coordinated intervention,” Finance Minister Satsuki Katayama told reporters on Monday.

The yen surged more than 1% to 155.20 per dollar after the announcement, its strongest since early May and well off the 40-year low near 164 hit last month, as traders remained on alert for more intervention.

Katayama declined to comment when reporters asked whether the authorities stepped in on Monday.

Bank of Japan in spotlight

“The joint intervention is the culmination of Japan’s alliance with the US,” Japan’s top currency diplomat Atsushi Mimura told reporters on Monday.

“We will continue to align (currency policy) with the Bank of Japan’s monetary policy,” he said, suggesting the government will work hand in hand with the central bank in arresting yen falls.

US Treasury Secretary Scott Bessent also confirmed Friday’s effort, adding Washington “will not hesitate to participate in further joint intervention.”

“We strongly support Japan’s decisive market and monetary steps to correct the substantial undervaluation of the yen,” Bessent said in a separate statement on X/Twitter, repeating his calls for further interest-rate hikes by the BOJ.

The remarks put the spotlight on the BOJ, which last week kept rates on hold but signaled scope for a rate hike as soon as its next policy meeting in September.

“The comments by Mimura and Bessent must be music to the ears of hawks within the BOJ,” said Naomi Muguruma, chief bond strategist at Mitsubishi UFJ Morgan Stanley Securities.

“I feel like a September rate hike is a done deal. It won’t make sense for the BOJ to wait until October and cause another bout of yen declines.”

The two-year JGB yield JP2YTN=JBTC, which is most sensitive to near-term monetary policy moves, briefly hit 1.545% on Monday, the highest since 1995, as markets priced in the chance of an early rate hike.

Federal facility available

Japan has been struggling to curb a relentless drop in the yen that pushes up import prices and stokes broader inflation, hitting households’ wallets and Prime Minister Sanae Takaichi’s public approval ratings.

Tokyo’s solo intervention conducted between late April and early May caused only a brief yen rebound. The BOJ’s June rate hike to a 31-year high of 1% also gave the struggling currency little lasting boost.

Before Friday’s confirmed joint intervention with the US, Japan may have sold as much as $58.97 billion to buy yen when it intervened in New York markets on Thursday, BOJ data suggested.

In a sign of further Japan-US coordination, Bessent said the US would consider increasing in coming months the size of the Federal Reserve’s repurchase facility providing temporary dollar liquidity, calling the tool an “important backstop.”

The comment followed the finance ministry’s rare X post on Saturday that it had “a broad range of tools to address market liquidity needs,” including access to the Fed’s repurchase facility providing temporary dollar liquidity.

The Fed facility, introduced in 2020 to steady markets during the COVID-19 pandemic, allows Japan to raise dollar liquidity without outright sales of US Treasuries, potentially easing funding pressures on Tokyo for intervention.

Some analysts doubt whether the latest round of action could counter structural factors driving down the yen, such as the rising cost of fuel from the Middle East conflict and the still wide Japan-US interest rate differentials.

“The announcement effect of joint intervention is much bigger than solo action by Japan,” said Tsuyoshi Ueno, a senior economist at NLI Research Institute.

“But the fundamentals driving yen weakness haven’t changed, so we likely won’t see one-sided yen rises from this intervention.”

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Japan and the United States announced on Aug. 2 that they coordinated purchases of the yen on July 31 to curb the currency’s volatility on the currency market.
In a statement, Japan’s Finance Ministry said it coordinated with the U.S. Treasury Department to address “excessive volatility and disorderly movements of the yen” in recent months.
The ministry said it remains ​in close communication with its U.S. counterparts and “will not hesitate to conduct further joint intervention.”
President Donald Trump told reporters aboard Air Force One on Aug. 2 that the coordination reflected the close relations between the two countries, calling it “a signal of friendship.”…

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Prime Minister Benjamin Netanyahu’s reported admission that his government’s law freezing the arrests of haredi (ultra-Orthodox) draft evaders was a failure deserves scrutiny far harsher than a routine campaign reversal.

According to reports from a closed-door meeting on Sunday, Netanyahu said the law would not return under the next government and that draft evaders who do not study Torah would either “enlist or go to prison.” He also spoke of forming a broad national government that would pass a conscription law meeting the IDF’s needs.

Those words came less than three weeks after Netanyahu’s coalition passed the arrest-freeze law on July 14. Netanyahu went to the Knesset ahead of the vote and backed legislation designed to suspend enforcement against people ignoring lawful draft orders. The High Court of Justice froze the measure the following day amid severe legal criticism, opposition from reservists and bereaved families, and warnings that it would do nothing to address the IDF’s manpower shortage.

Netanyahu is now asking voters to treat his repudiation of his own government’s law as evidence of future resolve. The timing makes that demand difficult to take seriously. The coalition pursued the measure because haredi parties demanded protection for draft evaders. It advanced the bill despite the war, the prolonged reserve burden, and repeated warnings from military leaders. Only after the law became an electoral liability did Netanyahu reportedly discover that it had failed.

A closed-door remark leaked during an election campaign cannot erase the vote, the pressure placed on coalition lawmakers, or the government’s argument before the High Court that arrests could provoke a civil war. Days later, the prime minister is reportedly promising imprisonment for at least some of the same draft evaders his government sought to shield.

Ultra-Orthodox Jewish men clash with police during a protest against construction work on the Jerusalem Light Rail in the Bar-Ilan area of Jerusalem, June 8, 2026. (credit: CHAIM GOLDBERG/FLASH90)

This reversal exposes the central problem with Netanyahu’s claim. He presents haredi enlistment as a task for the next government, even though he has led the current government and most Israeli governments since the Tal Law was struck down in 2012. Fourteen years provided more than enough time to establish a fair and enforceable framework. Instead, successive Netanyahu governments delayed, diluted, and traded away reform to preserve coalition agreements.

Israel no longer has the luxury of another promise. The IDF is short of soldiers. Reservists have endured repeated and extended call-ups. Families have absorbed the economic and personal cost of service while an entire political system has worked to protect broad exemptions. Every additional delay transfers more of the burden onto those already serving.

Netanyahu must legislate draft law before elections

Netanyahu therefore has one credible way to place this new position before voters: legislation.

Likud should publish a complete bill before Election Day and commit publicly to making it a condition for joining the next coalition. The proposal must include enlistment targets tied to the IDF’s documented requirements, a binding timetable, narrow exemptions for a limited number of genuine full-time Torah scholars, and individual and institutional sanctions when targets are ignored. Draft orders must be enforced, including arrest and imprisonment where the law requires them.

Netanyahu must also state that he will not sign coalition agreements that neutralize those provisions. Promising a “broad national government” leaves open the possibility that the pledge will disappear during negotiations. The question is whether he will refuse to form another government dependent on parties that demand continued mass exemption.

His reported comments carry one consequence that should outlast the campaign. They establish that enforcement is now part of the Israeli mainstream. Netanyahu, after years of defending compromises and delays, has reportedly accepted that draft evaders must enlist or face prison. Haredi political leaders can no longer portray that position as a fringe attack on Torah society.

Mass haredi exemption not justified, equality of obligation a must

The haredi public is a vital part of Israel, and integration must respect religious life and provide suitable military frameworks. Yet those considerations cannot justify mass exemption during a sustained national-security emergency. Equality of obligation must become the starting point of policy.

Netanyahu’s record created the crisis he now promises to solve. After supporting a law that protected draft evaders, he cannot repair his credibility with a leak from a closed room. He must present the legislation, the timetable, the sanctions, and the coalition commitment before Israelis vote. Anything less is another attempt to postpone responsibility until after the ballots are counted.

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Content warning: This article contains mentions of suicide and mental health and may be distressing to some readers.

Bar Asraf, a 30-year-old resident of Sha’arei Tikva, died by suicide after shooting himself at the grave of his girlfriend, Liron Barda, who was murdered at the Nova festival during Hamas’s 2023 October 7 massacre.

Friends of Asraf told Walla that he had difficulty coping with the death of Barda. 

“We were at my brother’s wedding. He apparently started to feel lonely. You couldn’t tell. He was always happy and laughing,” his sister, Lihi, shared with Walla.

“His best friend was murdered in Nova. He has a tattoo of her, she was a part of his soul. At the groom’s celebration, there was dancing and a Shabbat reception with a singer; it was magical. We were at the peak of the family’s life.”

“Yesterday he left, and I thought he went to be alone and think like he usually does,” his sister recounted.” An hour passed, then two hours passed, and my older sister said, ‘Come on, we’re going to look for him.’ First in the most logical places, and then we went to check Liron’s grave. He loved talking there and being with her.”

Liron Barda and Bar Asraf (credit: COURTESY VIA WALLA)

Lehi Asraf recalls finding her brother at Barda’s grave

Lehi, who recalled the moment she found her brother, told Walla, “my sister had a feeling and told me, ‘You go.’ I walked over, and suddenly I saw him lying next to Liron’s grave. I said to him, ‘Bar, get up, what are you doing again…’ and then I realized he was covered in blood.”

“I stepped on a gun beside him. I screamed. I couldn’t function. My father started CPR. I knew it was the end. He was cold. Magen David Adom tried everything. He died in the place he wanted to be most, with the woman he wanted to be with most,” she continued.

“He drove there on Shabbat, and he was a person who kept Shabbat,” she said.

“He always told me, my joy, you are a fighter, everything. He was a good person, helped everyone. He bought food for those in need. He was so proud of me,” she added. “He was actually coping well, but he had a moment of madness, being alone while seeing everyone with their families.”

“People need to know what Nova did to people,” Lehi emphasized. “On that day [October 7th], he started driving toward Re’im to save her, until he realized there was no one left to save and they turned him back halfway.”

Barda worked as the bar manager at the Nova music festival in Re’im. Even though her friends and family begged her to flee, during the massacre she administered first aid to the wounded until she was murdered herself. The devastating news stayed with Asraf until his death.

Barda and Asraf described as ‘soulmates since childhood’

“Bar was a special boy,” his mother, Bracha, shared. “A boy of giving, of love. He gave his sister everything I couldn’t give. He organized food for soldiers. There was nothing I asked for that he didn’t give me.”

Bracha recalled Barda and Asraf’s relationship, describing them as “soulmates since childhood.”

“If he was feeling down, she would lift him up – she was his listening ear. Everything to him. Every problem he had, she was his confidante. When he was in Colombia, she surprised him and flew out to meet him there. A friendship you can’t even describe,” she stated.

“There were three nerve-wracking days when we didn’t know what happened to her at Nova. He stayed at my house and didn’t leave my side from morning until evening, sitting with her entire family. He stayed in touch with them ever since, brought her mother bouquets of flowers, and got a tattoo of her.”

His mother continued: “A little while ago, I saw him looking sad and asked what was wrong. He said, ‘Mom, I’m sad. It’s hard for me without Liron. I miss her. There’s no one who can replace her, no one to cheer me up.’ We felt he was struggling deeply without her. Last week, he went wild at a tavern event ahead of the wedding and dedicated a song to me and his father. We didn’t see anything, not a single sign. It was his farewell party.”

The Sha’ar Shomron Local Council shared its condolences with the Asraf family over the untimely death. “We send a warm hug to the dear family during this difficult time and wish to strengthen you in your great pain,” the council stated.

This post was originally published on here. 

The Senate returns Monday with just five working days remaining before its August recess, and the Digital Asset Market Clarity Act still has no scheduled floor vote. For XRP, that countdown matters more than for almost any other major cryptocurrency because the legislation would permanently establish in federal law the token’s regulatory status.

The Senate begins its state work period on August 10. While lawmakers could still consider the bill after returning in September, appropriations battles and the election calendar leave little floor time, making early August the practical window for action. H.R. 3633 has already passed the House, cleared the Senate Banking Committee and been placed on the Senate Legislative Calendar as General Orders Calendar No. 423, making it eligible for floor consideration without another committee vote. No cloture motion has been filed.

Senate Majority Leader John Thune indicated in late July that the chamber would likely miss its preferred timetable, with a bipartisan Russia sanctions and tariff package taking priority. Congressional negotiators and industry groups had viewed August 7 as the last realistic opportunity to advance the legislation before the legislative calendar becomes significantly more crowded.

The biggest hurdle remains vote counting. The bill requires 60 votes to overcome a filibuster, meaning at least seven Democrats would need to join a unified Republican conference. Committee support suggests only two Democrats are currently committed. Those senators conditioned their support on ethics provisions prohibiting senior government officials, including the president, from maintaining financial ties to cryptocurrency businesses. Senate Republicans responded by releasing a revised draft on July 22 that merged the Banking and Agriculture Committee proposals while incorporating ethics language negotiated with the White House.

For XRP holders, the issue is less about whether the token is legal today than whether that status becomes permanent. XRP is already treated in the United States as a digital commodity following a federal court ruling and a joint SEC-CFTC interpretive release issued on March 17, 2026, classifying XRP alongside Bitcoin, Ether and Solana. An interpretive release, however, is not statutory law and can be reversed by a future administration. The CLARITY Act would codify that classification, providing regulatory certainty that many banks, custodians and institutional asset managers have said they need before expanding participation.

Ripple’s legal battle with the SEC formally concluded in August 2025 when both sides withdrew their appeals and the company agreed to a $125 million settlement—far below the SEC’s original $2 billion demand. Spot XRP exchange-traded funds followed in November 2025, with products from Grayscale, Franklin Templeton, Bitwise, 21Shares and Canary Capital collectively attracting roughly $1.44 billion in assets.

Those milestones have not translated into sustained price appreciation. XRP has traded largely between $1.30 and $1.50 despite resolving its SEC litigation, receiving a joint federal commodity classification and launching multiple ETFs. Ripple has continued signing institutional partnerships, but broader adoption of Ripple’s technology has not automatically created corresponding demand for XRP itself.

Forecasts remain divided. Standard Chartered analyst Geoffrey Kendrick has maintained a 2026 price target of $8 and estimated that statutory clarity could attract between $4 billion and $8 billion of ETF inflows. A more cautious interpretation is that the legislation removes a regulatory barrier rather than guarantees new investment. The bill would eliminate legal uncertainty but would not, by itself, determine whether financial institutions ultimately increase their use of XRP.

The legislation reaches far beyond one token. As of late July, the cryptocurrency market was valued at roughly $2.28 trillion, including approximately $1.29 trillion in Bitcoin and $305 billion in stablecoins. That leaves nearly $680 billion in digital assets whose regulatory treatment under securities or commodities law could be shaped by the CLARITY Act, along with the compliance framework governing exchanges, brokers, market makers and other participants. Payment stablecoins are already regulated under the GENIUS Act, which took effect in July 2025. The CLARITY Act addresses much of the remaining digital asset market.

Industry executives argue that regulatory certainty remains one of the largest obstacles to institutional adoption. Kristin Smith of the Solana Policy Institute has said many asset allocators continue evaluating digital assets but are delaying major commitments until Congress establishes a permanent framework. Galaxy Research estimates the bill’s chances of passing in 2026 at roughly even, while prediction markets have reduced the probability from about 74% a month earlier to approximately 48%.

Even if the Senate approves the legislation this week, additional House action would still be required before it reaches the president’s desk. With Congress returning for only a brief September session before campaign season dominates the calendar, the next five Senate working days may determine whether years of crypto market structure negotiations finally become law—or slip into another legislative cycle.

JBizNews Desk | Washington

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Acting Director of National Intelligence Bill Pulte posted on Saturday that the transition for Jay Clayton to take over the job will take place on Monday.

US Senate Republicans confirmed Clayton’s nomination this week to be the nation’s top spy despite opposition from Democrats following an angry confirmation hearing.

Pulte wrote in a social media post on Saturday that “the DNI transition will take place this coming Monday.”

Clayton, who has been the US attorney for the Southern District of New York, will oversee 18 US intelligence agencies.

He steps into a role that was vacated in June when Tulsi Gabbard stepped down after a tenure marked by clashes with congressional Democrats, who accused her of advancing US President Donald Trump’s political agenda and promoting debunked election claims.

Director of National Intelligence (DNI) Tulsi Gabbard testifies before a US House Intelligence Committee hearing on worldwide threats, on Capitol Hill in Washington, DC, US, March 19, 2026. (credit: Reuters/Kylie Cooper)

Clayton criticized for refusing to acknowledge 2020 election results

Democrats during Clayton’s confirmation hearings criticized him for repeatedly refusing during his testimony to directly acknowledge that Trump lost the 2020 presidential election to Democrat Joe Biden.

Pulte, who is also Trump’s Federal Housing Finance Agency director, ordered layoffs of intelligence staff after he assumed the interim intelligence position in June.

His appointment drew criticism from the Democrats for his lack of national security expertise.

This post was originally published on here. 

By Julia Parker – JBizNews Desk

NEW YORK — Elon Musk’s estimated fortune has fallen to about $684 billion, retreating to levels last seen before SpaceX went public, after a broad selloff cut the value of his major holdings. The decline matters for investors because Musk’s wealth is closely tied to market confidence in companies spanning electric vehicles, rockets, artificial intelligence and social media.

Musk’s net worth peaked at about $1.33 trillion on June 16, according to wealth estimates tracked by financial market participants. The latest figure implies a paper loss of roughly $646 billion, or nearly half of his peak fortune, underscoring how quickly concentrated ownership stakes can reverse when growth stocks and private-market valuations come under pressure.

The drop does not directly change day-to-day operations at Tesla, SpaceX or Musk’s other ventures. It does, however, sharpen attention on investor sentiment toward businesses where expectations for future growth account for a large share of valuation. For executives and shareholders, the selloff is a reminder that founder wealth can serve as a high-profile barometer of risk appetite across technology and industrial innovation.

Much of Musk’s fortune is linked to equity holdings rather than cash. That makes the estimate highly sensitive to moves in publicly traded shares, private financing rounds, option values and investor marks for companies that do not trade continuously. Tesla, listed on the Nasdaq Stock Market, remains one of the most visible inputs because its stock price is updated in real time and is widely held by institutional and retail investors.

The pullback also comes as capital markets have become more selective toward companies requiring large upfront investment. Space businesses, artificial intelligence infrastructure and electric-vehicle manufacturing all require sustained spending on engineering, factories, computing capacity, suppliers and labor. Lower valuations can raise the cost of capital, reduce flexibility in acquisitions and make employee stock compensation less powerful as a retention tool.

For Tesla investors, Musk’s wealth decline may increase scrutiny of governance, management focus and the company’s ability to defend margins in a more competitive electric-vehicle market. Tesla faces pressure from legacy automakers, Chinese manufacturers and slowing demand in some major markets, while still funding autonomous-driving software, battery development and manufacturing expansion.

For SpaceX investors, the comparison with pre-IPO wealth levels highlights the extent to which the public listing had lifted Musk’s estimated net worth before the latest reversal. SpaceX remains central to commercial launch services, satellite broadband and government contracting, sectors where revenue visibility can be stronger than in early-stage technology but where execution risk remains high.

The decline could also influence perceptions around Musk’s ability to finance new ventures or support existing ones during periods of stress. While paper wealth is not the same as available liquidity, founder net worth can affect collateral, borrowing capacity and market confidence when companies seek funding or strategic partners.

Billionaire wealth rankings are estimates and can vary depending on assumptions about private-company valuations, debt and pledged shares. Still, the magnitude of the reversal is large enough to register across financial markets because Musk remains one of the world’s most closely watched entrepreneurs and a major shareholder in several companies that shape investor sentiment toward high-growth sectors.

The immediate business question is whether the rout reflects a temporary repricing of risk or a more durable reset in expectations for Musk-linked assets. Investors will be watching Tesla’s share performance, SpaceX valuation signals and financing conditions across artificial intelligence and advanced manufacturing for evidence of how far the pressure extends.

JBizNews Desk | New York

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The US military struck Qeshm Island in southern Iran with a large-scale bomb on Thursday night that allegedly hit a family home, according to a New York Times report on Friday.

Iranian officials claimed that the strike had hit a family home, killing a couple and their two-year-old son. The other two children survived the strike, the officials added.

A NYT analysis of videos and satellite imagery found that the weapon used was likely to be a 2,000-pound (roughly 900kg) bomb, one of the largest conventional bombs used by the US military.

Weapons experts examined the size of the crater and munitions fragments found on Qeshm Island after the strike, and determined that the Mark-84 bomb may have been used. The NYT added that the strike’s location and timing were consistent with when and where US forces were operating.

A US official told The Jerusalem Post that the scale of the US strikes on Iran on Thursday was “about twice the size of the previous night,” adding that the strikes were “wide, extensive, and impactful.”

An aerial view of the island of Qeshm, separated from the Iranian mainland by the Clarence Strait, December 10, 2023. (credit: REUTERS/STRINGER/FILE PHOTO)

US CENTCOM is investigating reports of civilian casualties

Iranian officials told the NYT that approximately 20 neighbouring families were displaced by the strike, while footage showed debris that has landed over 200 feet away from the crater.

No military sites were located near the home, an NYT investigation alleged, and Iranian authorities didn’t report any military casualties following the strike.

US Central Command (CENTCOM) said it was looking into reports of civilian casualties, but didn’t say what the intended target was, what munitions were used, or what precautions were taken to protect civilians.

“We are aware of the reports and looking into them,” Capt. Tim Hawkins, a CENTCOM spokesman, said. “The US military never targets civilians.”

The NYT said it had corroborated details in bystander and news footage with satellite imagery to pinpoint the location of the strike and determine the size of the crater.

Amichai Stein contributed to this report.

This post was originally published on here. 

Myspace could soon make a comeback after nearly two decades on the decline, as its owners seek a fresh start to compete with the current social media giants.

The owners of the once-popular social media platform, brothers Tim and Chris Vanderhook, announced plans to relaunch MySpace with a new vision.

The brothers said they want to create a platform that feels different from current social media platforms, which many users complain are too focused on algorithms and are designed to encourage endless scrolling.

The Vanderhooks said in a new documentary, “Myspace,” that they “built an entirely new Myspace,” but it did not work out.

META EMPLOYEES SUE ON ALLEGATIONS COMPANY USED AI TO TARGET WORKERS ON MEDICAL, PARENTAL LEAVE FOR LAYOFFS

“We really tried to modernize it, but it was a different company at that point. It wasn’t the same Myspace,” Tim explained in the documentary.

Chris added, “By that time, they had been through four other sets of management and CEOs. We were going to be the fifth ones, and I think that there were a lot of the people who were really just done.”

The two now plan to relaunch the platform at some point, but a target date has not yet been set.

“And if that one doesn’t work, we’ll do it again,” Tim said.

FOUR STATES SEEKING $1.4 TRILLION IN PENALTIES IN CHILD SOCIAL MEDIA ADDICTION TRIAL, META SAYS

Tom Anderson, Myspace’s co-founder and everyone’s automatic first friend, sold the company in 2005 and is not expected to be involved in the Vanderhooks’ upcoming initiative.

MySpace first launched in 2003, becoming one of the biggest social networking websites in the world, known for customizable profiles, music features and a “Top Friends” list before Facebook eventually surpassed it as the top social media application.

Between 2005 and 2008, Myspace was considered the most popular social media website. MySpace and Facebook would both attract roughly 115 million visitors per month in 2008, but Facebook surpassed MySpace in global website traffic around that time and overtook Myspace in unique U.S. visitors in 2009, taking control of Myspace’s most important demographic.

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Facebook never looked back, as its growth in the next few years was too much for MySpace to overcome, capped off by a max exodus in 2010.

Myspace can still be accessed, but it is nowhere near what it once was. Tom Anderson is also still accessible, but he has not posted on the platform in 13 years.

This post was originally published here. 

By Julia Parker – JBizNews Desk

NEW YORK — Semiconductor stocks suffered their steepest monthly decline since the global financial crisis, with the Philadelphia Stock Exchange Semiconductor Index tumbling 21% in July as investors pulled back from one of Wall Street’s most crowded artificial-intelligence trades. The reversal hit chipmakers, technology funds and broader equity benchmarks, underscoring how dependent market gains have become on expectations for AI spending.

The drop in the SOX index was its worst month since October 2008 and marked a sharp break from the momentum that had made chip shares a preferred bet for hedge funds, growth managers and retail investors. The selloff swept across companies tied to data centers, memory, networking equipment and advanced processors, including Nvidia Corp., Advanced Micro Devices Inc., Broadcom Inc., Intel Corp. and Micron Technology Inc.

The decline matters beyond the chip sector. Semiconductor shares have carried a large share of the market’s gains as investors priced in years of heavy spending on AI infrastructure by cloud-computing companies and corporate customers. When the group weakens, it can pressure exchange-traded funds, retirement portfolios and the valuations of companies whose growth stories depend on AI adoption.

The July rout reflected a shift from enthusiasm about long-term AI demand to concern over near-term execution, pricing and returns on investment. Investors have been questioning whether the largest technology companies can keep expanding capital spending at the current pace without compressing margins or delaying shareholder returns.

That marks a change from the tone earlier this year, when executives framed AI infrastructure as a multiyear investment cycle. “The next industrial revolution has begun,” said Jensen Huang, Nvidia’s chief executive, in a company earnings release in May, describing demand for accelerated computing and AI data centers.

The market is now testing how much of that growth is already reflected in share prices. Chipmakers entered the summer with elevated valuations, leaving them vulnerable to any sign of slower orders, tighter export rules, softer pricing or a less aggressive data-center buildout by major customers.

For business owners and corporate technology buyers, the selloff does not immediately mean lower chip prices or weaker AI demand. Supply remains tight in parts of the market tied to advanced graphics processors and high-bandwidth memory. But falling equity values can affect supplier financing, acquisition activity and the appetite of venture-backed AI companies to expand payrolls or commit to long-term infrastructure contracts.

The reversal also raises the stakes for upcoming earnings reports. Investors will be watching management commentary on order backlogs, gross margins, customer concentration and capital spending plans. Companies that can show firm demand and disciplined costs may be rewarded, while those with uncertain visibility could face sharper scrutiny.

The semiconductor sector has long been cyclical, but the latest decline is notable because it came after investors treated AI-related chip demand as more durable than past hardware cycles. July’s losses suggest markets are no longer willing to pay almost any price for AI exposure without clearer evidence that spending is translating into revenue and profits across the technology supply chain.

The pressure on chip stocks may also influence broader market sentiment in August. With semiconductor companies embedded in major indexes and widely held ETFs, continued volatility could affect risk appetite across growth stocks, cloud software and hardware suppliers.

JBizNews Desk | New York
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A bipartisan Senate coalition has advanced one of the toughest sanctions packages in years, moving forward legislation that would dramatically increase economic pressure on both Russia and Iran while giving President Donald Trump authority to impose tariffs of up to 100% on major purchasers of Russian energy exports. The procedural vote passed 86-12, clearing the bill’s first major hurdle. 

Known as the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, the legislation honors the late senator’s final foreign policy initiative and expands sanctions beyond Russia to include Iran’s military, financial and energy sectors. The measure is designed to cut off two of America’s chief geopolitical rivals from international financing while increasing pressure on countries that continue supporting Russia’s war economy. 

One of the bill’s most significant provisions targets the world’s largest buyers of Russian oil and natural gas. Instead of sanctioning only Moscow, the legislation would allow the United States to impose tariffs of up to 100% on countries heavily dependent on Russian energy imports, including major economies such as China and India. Lawmakers revised the proposal from an earlier version that contemplated tariffs as high as 500%, seeking to increase political support while preserving its economic impact. 

Beyond tariffs, the legislation expands sanctions on Russian financial institutions, senior government officials, energy projects and the so-called shadow tanker fleet used to move oil outside existing restrictions. Additional provisions directed at Iran reflect growing concern in Washington over Tehran’s military activities and support for proxy groups across the Middle East. 

Although the Senate vote signals overwhelming bipartisan backing, the legislation still faces additional procedural votes before moving to the House when lawmakers return from recess. Debate is expected to focus on the president’s waiver authority and the potential impact of secondary tariffs on global trade and inflation. 

For businesses, the proposal carries implications well beyond geopolitics. Companies involved in global energy markets, shipping, commodities, manufacturing and international supply chains could face higher costs, shifting trade routes and increased compliance requirements if the sanctions become law. The measure also underscores Washington’s growing willingness to use trade policy and financial restrictions as strategic tools alongside traditional diplomacy. 

JBizNews Desk | Washington

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Owners of a popular bitcoin storage device are being urged to protect their cryptocurrency after security researchers said a software flaw may have allowed attackers to steal roughly $70 million worth of bitcoin in less than an hour.

Forbes first reported the attacks, which researchers at Galaxy Research say drained more than 1,000 bitcoin from 1,196 digital wallets in just 41 minutes on July 30.

Galaxy later identified two additional suspected waves of suspicious activity, bringing the estimated losses to nearly $89 million.

CRASHSTEALER MAC MALWARE STEALS PASSWORDS AND WALLETS

The firm cautioned that its findings are based on blockchain analysis and that it has not confirmed every affected wallet was created using the vulnerable software.

The issue involves Coldcard, a handheld device many cryptocurrency investors use to store bitcoin offline instead of leaving it on a cryptocurrency exchange. Often called a “hardware wallet,” the device is designed to keep hackers from accessing a user’s bitcoin over the internet.

According to a security advisory from Block’s Bitcoin Engineering and Security team, a coding mistake in certain versions of Coldcard may have weakened one of the wallet’s key security features.

PAIDWORK BREACH EXPOSES 23M USER RECORDS

Block said the software bug may have made some of those recovery phrases predictable enough for sophisticated attackers to figure them out under certain circumstances, potentially allowing them to steal bitcoin without ever physically touching the wallet.

The company said it released its findings because it believes the attacks are still happening, though researchers cautioned they are continuing to study exactly how the vulnerability is being exploited.

Canadian company Coinkite, which makes Coldcard, has since released a software update to prevent the problem from affecting newly created wallets.

KARR BLUETOOTH FLAW EXPOSES 2.2M CARS TO THEFT RISK

However, the company warned that simply installing the update will not protect people who already created a recovery phrase using the affected software.

Instead, Coinkite is urging those users to create a brand-new recovery phrase using the updated software and move their bitcoin into the newly secured wallet.

“Updating the firmware does not repair a seed that was generated by affected firmware,” the company said in a security advisory. “A new seed must be generated and the funds migrated to the new wallet.”

Coinkite also warned that moving the same recovery phrase into another wallet does not solve the problem because the weakness follows the recovery phrase itself, not the physical device.

Coinkite CEO Rodolfo Novak issued a public apology on X, saying the company was “heartbroken” and taking “full accountability for the firmware bug.”

“I’m sorry and I’m devastated,” Novak wrote. “Our team is heartbroken about yesterday’s news.”

Novak urged customers to act immediately.

“If you generated a seed using a Coldcard wallet, move your funds now, using our updated best practices, before reading further,” he wrote.

He also asked the public to help spread the warning.

“If you know anyone who owns a Coldcard, please make sure they see this,” Novak wrote. “Some affected users may not be watching social media right now, and every hour matters.”

Novak said Coinkite is still working to determine exactly how many people may have been affected and plans to publish a detailed explanation of what went wrong after its investigation is complete.

“We do not have full attribution or scope of the issue yet, and we won’t speculate until our full technical evaluation is complete,” Novak wrote.

The company said it will also help affected customers who want to file police reports or insurance claims and is cooperating with blockchain investigators and law enforcement agencies.

The warning quickly spread across the cryptocurrency industry.

“If you’re using a COLDCARD, any version firmware or MK, migrate your funds immediately,” Jan3 CEO Samson Mow wrote on X. “If you know someone who is, let them know ASAP… Attacks are ongoing so do it quickly.”

While the initial warning focused on older Coldcard devices, Coinkite has since expanded the list of affected products to include additional models and software versions.

The company also said customers who created their recovery phrase using at least 50 private dice rolls are not affected by this specific flaw alone. However, Coinkite recommends that anyone who is unsure how their wallet was set up create a new recovery phrase and move their funds as a precaution.

Block emphasized that none of its own products or customers are affected by the vulnerability. The company said it published its findings after working with anonymous security researchers and receiving reports from Coldcard users.

Separately, developers of Jack Dorsey’s Bitkey wallet said they are investigating a different reported issue involving their product but are not advising customers to stop using the wallet.

“Our recommendation is to continue to use your Bitkey normally,” Bitkey developer Clay Garrett wrote on X.

Garrett said the reported issue would require “exceptional circumstances” to exploit and would not give an attacker enough information to steal customers’ funds.

“Our assessment is this presents no risk of remote drains or immediate funds loss,” Garrett wrote.

FOX Business reached out to Coinkite, Galaxy Research, Block, the Cybersecurity and Infrastructure Security Agency (CISA), the FBI, the Royal Canadian Mounted Police (RCMP), the Canadian Centre for Cyber Security and Chainalysis for comment but did not immediately receive a response.

This post was originally published here. 

By Julia Parker – JBizNews Desk

WASHINGTON — Ukraine is seeking help from President Donald Trump to gain permission to use SpaceX’s Starlink satellite network for strikes on targets inside Russia, a request that could deepen the role of a private U.S. company in the war and raise new risks for defense contractors, regulators and investors tracking the conflict.

The request puts fresh scrutiny on the operational limits imposed by SpaceX and its founder, Elon Musk, whose satellite-internet system has become critical to Ukrainian battlefield communications. Starlink has been available inside Ukraine, including in territories occupied by Russian forces, but use of the network inside Russia has been restricted.

For Kyiv, expanded access could improve connectivity for drones, targeting systems and mobile units operating near or across the Russian border. For Moscow, any change would be viewed as a major escalation because it would strengthen Ukraine’s ability to conduct long-range operations supported by U.S. commercial technology.

The issue also highlights a central business and policy question for SpaceX: how far a privately held technology company can be expected to support military operations when its services are funded or facilitated by government customers. The U.S. Department of Defense has purchased Starlink services for Ukraine, making the network part of a broader U.S.-backed security pipeline even as SpaceX retains technical control over aspects of the system.

SpaceX has previously said it did not intend Starlink to be used as an offensive weapons platform. Gwynne Shotwell, SpaceX’s president and chief operating officer, said in 2023: “We know the military is using them for comms, and that’s OK. But our intent was never to have them use it for offensive purposes.”

That distinction is now under pressure. Ukraine’s military increasingly relies on commercial satellite links for command, reconnaissance and unmanned systems, while Russia has expanded electronic-warfare efforts to jam or disrupt battlefield communications. Starlink’s resilience and mobility have made it valuable in a war where fixed communications infrastructure is frequently targeted.

For the Trump administration, the request creates a politically sensitive decision involving Ukraine policy, relations with Russia and the government’s dependence on SpaceX for national-security and space-launch services. SpaceX is a major contractor for U.S. military and civilian space programs, giving Washington leverage but also making any dispute with the company operationally consequential.

The financial implications are broader than Starlink’s direct Ukraine revenue. SpaceX, though privately held, is one of the world’s most valuable technology companies and is closely watched by private-market investors. Its government contracts, launch cadence and Starlink subscriber growth are central to that valuation. A high-profile dispute over wartime use could sharpen scrutiny of its defense relationships and regulatory exposure.

The issue may also influence how governments procure commercial satellite communications in future conflicts. Defense ministries have increasingly turned to private networks for speed and scale, but Ukraine’s experience shows the strategic risk of relying on a service whose use can be limited by corporate policy, licensing constraints or geopolitical concerns.

Russia has repeatedly objected to Western military support for Ukraine and is likely to treat any expansion of Starlink-enabled operations into Russian territory as evidence of deeper U.S. involvement. That risk is one reason SpaceX has drawn a line between communications support and offensive operations beyond Ukraine’s borders.

Kyiv’s appeal to Trump indicates that the matter has moved beyond a technical question and into high-level diplomacy. The outcome could shape Ukraine’s near-term battlefield options, SpaceX’s standing with U.S. policymakers and the rules governing commercial technology in modern warfare.

JBizNews Desk | Washington

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The U.S. Department of Commerce announced Thursday it has signed letters of intent to provide up to $874 million in federal incentives to seven companies developing next-generation semiconductor technologies for artificial intelligence and advanced computing, marking another major investment in America’s race to secure leadership in the global chip industry. 

Rather than focusing on building more chip factories, the funding targets the technology behind tomorrow’s fastest processors. Officials said the investments are intended to accelerate breakthrough semiconductor research, strengthen domestic supply chains and reduce dependence on foreign competitors for critical computing technologies. 

The initiative comes as AI demand continues to surge, creating intense global competition for advanced chips used in data centers, cloud computing, defense systems and scientific research. Washington increasingly views semiconductor leadership as both an economic priority and a national security issue, making federal support a central part of U.S. industrial policy. 

For businesses, the announcement signals that federal incentives are expanding beyond manufacturing plants into the research and development that determines future technological leadership. Companies working in AI infrastructure, advanced computing and semiconductor design could benefit from faster innovation and a stronger domestic ecosystem.

The funding is part of the broader CHIPS and Science Act strategy to reinforce U.S. semiconductor capabilities while encouraging private-sector investment in technologies considered essential to future economic growth and national competitiveness. 

JBizNews Desk | Washington

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WASHINGTON — Senate leadership on Sunday released the text  of a bipartisan government funding stopgap measure that would block the White House’s proposal to give political appointees control over federal research grants. 

The continuing resolution  would fund the government until Dec. 11. It would only block the Trump administration’s new grants proposal until that time, but it will be more difficult for Republicans to allow the White House’s plan to take effect now that they’ve agreed to blocking it, even if temporarily. 

The provision emerged from bipartisan discussions in the appropriations committee, to which Republican leadership agreed. The Senate is expected to consider the funding bill this week, after which it will break for August recess. The government funding bill that the House passed two weeks ago does not include a similar provision blocking the grant rule. The House already is in recess. Once they’re back, the two chambers will need to work out their differences before government funding expires at the end of September, and the president would need to sign it.

Continue to STAT+ to read the full story…

This post was originally published here. 

The U.S. Economy Faces Its Most Important Data Week Before

This isn’t just another busy week on the economic calendar. It is one of the few weeks each quarter when nearly every major indicator of the U.S. economy arrives at once, giving investors, executives and policymakers an opportunity to test whether the market’s biggest assumption still holds: that the economy remains strong enough to support corporate earnings, elevated interest rates and continued investment without slipping into a broader slowdown.

By Friday afternoon, Wall Street will know far more than whether a handful of companies beat earnings estimates. It will have a much clearer picture of where the American economy is headed into the fall—and whether financial markets have been pricing that future correctly. 

Monday: Manufacturing and Business Investment Open the Week

The week begins with two reports that measure business confidence before consumers ever feel the effects.

The ISM Manufacturing Index will provide the first major reading on factory activity in August. Investors will examine not only whether manufacturing is expanding or contracting, but also new orders, employment, inventories and prices paid—components that frequently provide early signals on inflation and corporate investment. 

Released at the same time, Construction Spending will indicate whether businesses and developers continue investing despite elevated borrowing costs. Commercial projects, manufacturing facilities, infrastructure spending and residential construction all flow into this report, making it one of the best real-time gauges of corporate confidence. 

Tuesday: Trade, Factories and the Labor Market

Tuesday shifts attention toward both domestic demand and global commerce.

The government releases the U.S. Trade Balance, providing insight into exports, imports and supply-chain demand. Investors will also receive Factory Orders, showing whether manufacturers continue receiving new business after months of uncertainty surrounding tariffs and global growth. 

At 10 a.m., the Job Openings and Labor Turnover Survey (JOLTS) arrives. The report has become one of the Federal Reserve’s favorite measures of labor-market tightness because it reveals how aggressively employers are still hiring. Fewer openings could reinforce expectations that wage pressures are easing. Stronger-than-expected demand for workers could strengthen the argument for higher interest rates lasting longer. 

Wednesday: Corporate America Takes the Stage

Wednesday combines one of the busiest earnings days of the season with another important labor-market test.

Before markets open, investors receive the ADP National Employment Report, offering an early estimate of private-sector hiring ahead of Friday’s official payroll numbers. While ADP is not always an accurate predictor of Friday’s report, markets increasingly use it to refine expectations. 

The ISM Services Index follows, measuring activity across the sector that represents nearly 80% of the U.S. economy. Because services remain closely tied to wage growth and inflation, this report often carries as much market impact as manufacturing data.

Energy markets will also monitor the EIA Weekly Petroleum Status Report, while Treasury markets continue digesting the government’s debt auctions and any Federal Reserve commentary scheduled during the week.

Corporate earnings dominate the afternoon and evening.

AMD will provide one of the most closely watched updates on enterprise AI demand outside Nvidia. Palantir faces pressure to demonstrate continued government and commercial growth. Investors will also be watching reports from Disney, McDonald’s, Uber, Pfizer, Spotify, Airbnb and numerous other companies spanning technology, healthcare, consumer spending and travel. Together, they provide one of the broadest snapshots of corporate America this quarter. 

Thursday: Productivity Could Become the Surprise Story

Thursday begins with Initial Jobless Claims, the market’s final labor-market reading before Friday’s payroll report.

Equally important are Nonfarm Productivity and Unit Labor Costs.

These reports answer one of the biggest questions facing Corporate America: are years of investment in automation, cloud computing and artificial intelligence finally making workers more productive? If productivity improves, businesses can absorb higher wages without significantly increasing prices. If productivity disappoints, investors may begin questioning whether enormous technology investments are generating meaningful returns. 

Markets will also monitor Wholesale Inventories, another indicator of business demand and supply-chain conditions.

Friday: The Report That Could Decide the Week

Everything ultimately leads to Friday morning.

The Employment Situation Report remains one of the most influential economic releases in the world. Investors will watch:

  • Nonfarm payroll growth
  • Unemployment rate
  • Average hourly earnings
  • Labor-force participation
  • Revisions to prior months

The report directly influences expectations for Federal Reserve policy, Treasury yields, mortgage rates and equity valuations.

A stronger-than-expected labor market could reinforce the case for interest rates remaining elevated. A weaker report could revive expectations for monetary easing while raising concerns that economic growth is losing momentum. 

The Bigger Story

Viewed individually, each report tells only part of the story.

Manufacturing reflects business investment.

Construction measures corporate confidence.

Trade reveals global demand.

Factory orders indicate future production.

Services show consumer activity.

Productivity determines corporate profitability.

Employment drives consumer spending.

Corporate earnings reveal where executives are actually investing—and where they are pulling back.

Together, they become something far more valuable than isolated headlines: a comprehensive report card on the American economy.

For much of this year, markets have assumed the United States can sustain steady growth while inflation gradually cools and corporate profits continue expanding. That belief has supported elevated equity valuations despite higher interest rates.

This week will either reinforce that narrative—or force Wall Street to begin rewriting it.

By Friday afternoon, investors may care less about which company beat earnings estimates than whether the week’s data tells one consistent story. If manufacturing, hiring, consumer spending, productivity and corporate profits continue pointing in the same direction, confidence in the economy could strengthen heading into the fall.

If those signals begin diverging, this may be remembered as the week the market’s narrative started to change.

JBizNews Desk | New York

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Elon Musk on Friday dismissed reports that Tesla is considering selling or separating its China business, calling the claims false after The Wall Street Journal reported advisers had explored restructuring options tied to a potential future combination with SpaceX. Musk publicly denied the report on X, leaving investors to sort through what the rumors themselves reveal about the changing global business landscape.

Whether such discussions ever advanced may ultimately prove less important than the forces driving the speculation. As geopolitical tensions between Washington and Beijing continue to intensify, multinational companies are increasingly confronting questions that barely existed a decade ago: Can strategically important businesses continue operating seamlessly across rival superpowers, and how should corporate structures evolve when national security becomes part of the equation?

Tesla sits squarely at the center of that debate.

The company’s Shanghai Gigafactory has become one of Tesla’s most important manufacturing assets, producing more than half of its global vehicle output while serving both the Chinese market and export customers worldwide. China also represents one of Tesla’s largest sources of revenue, making any suggestion of separating those operations a significant strategic question rather than simply another corporate rumor.

According to the Wall Street Journal, advisers examined whether isolating Tesla’s China operations could help address potential national security concerns if closer ties with SpaceX were ever pursued. SpaceX has become one of the U.S. government’s most important aerospace and defense contractors, working extensively with NASA and the Department of Defense.

Musk rejected the report outright, stating that no such plans exist.

Even so, the episode highlights how rapidly the business environment is changing for global corporations.

Companies that once optimized supply chains solely around cost and efficiency are increasingly being forced to weigh political risk, technology controls, data security, export restrictions and national security alongside traditional financial considerations. Executives across industries—from semiconductors and artificial intelligence to automotive manufacturing—are now confronting strategic decisions shaped as much by governments as by markets.

For Tesla, China remains both one of its greatest competitive advantages and one of its most complex challenges. The company faces growing competition from domestic Chinese electric vehicle manufacturers while simultaneously benefiting from one of the world’s largest EV markets and one of its most efficient production facilities.

That combination means any speculation surrounding Tesla’s future in China immediately attracts global attention, regardless of whether a transaction is ever contemplated.

Investors should view Friday’s developments through a broader lens. Rather than signaling an imminent corporate restructuring, the reports underscore how geopolitical realities are increasingly influencing boardroom discussions across corporate America. Similar questions are emerging throughout technology, manufacturing and advanced industrial sectors as businesses reassess where they build products, store data and invest capital.

Tesla’s operations in China remain unchanged, and Musk’s public denial leaves no indication that a separation is under active consideration.

What changed Friday is the conversation itself. A rumor that might once have seemed implausible is now viewed as credible enough to move markets because the global business environment has fundamentally shifted. For multinational companies operating between the United States and China, geopolitical strategy is no longer a side issue—it has become a core business risk.

JBizNews Desk | Wall Street

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US President Donald Trump announced that renewed negotiations between the US and Iran will begin on Monday afternoon, while speaking to reporters onboard Air Force One on Sunday.

Trump also stated that military strikes against Iran over the weekend were called off after Saudi Arabian, Emirati, and Qatari negotiators called him and said that they thought a deal regarding the Strait of Hormuz and a subsequent deal regarding the denuclearization of Iran were on the table.

This is a developing story.

This post was originally published on here. 

President Donald Trump characterized last week’s U.S. purchase of Japanese yen as a signal of friendship toward Tokyo, framing an extraordinary currency operation as an act of alliance maintenance rather than a market rescue — and putting a political gloss on the first American intervention in the yen market in fifteen years.

The operation capped a week of turmoil in the world’s third-largest currency market. Japanese authorities spent roughly ¥8.45 trillion, about $52.8 billion, on Thursday, which would rank as Tokyo’s largest single-day intervention on record, and the yen jumped more than 3% against the dollar in intraday trading. Washington followed on Friday, instructing the Federal Reserve Bank of New York to sell euros and buy yen after the Japanese currency sank to its weakest level against the dollar since 1986.

Two American banks carried out the trade. Goldman Sachs and Morgan Stanley executed the purchases on behalf of the Treasury, with market estimates putting the size in the $5 billion to $10 billion range. The figure was not a matter of speculation for long. A Reuters photographer at Friday’s cabinet meeting at Camp David captured a notepad in front of Treasury Secretary Scott Bessent bearing the underlined words “To Do” followed by an instruction to buy $5–10 billion in Japanese yen, photographed at 11:33 a.m. Eastern time. The pad showed no other entries, and Bessent’s name card sat directly above it.

Direct U.S. involvement in the yen market is rare enough to be historic. The last time Washington intervened to support the currency was in 2011, as part of a coordinated G7 response following Japan’s earthquake and tsunami. Before that, the Treasury bought $833 million worth of yen in June 1998 — a sum small enough relative to Tokyo’s own operations to underscore that American participation matters chiefly as a policy signal rather than through raw purchasing power.

The economic case for acting had been building for months. Bessent said last week that the yen looked deeply undervalued to him and that excessive volatility was unhealthy, and the Treasury’s July foreign-exchange report concluded the currency had undergone substantial undervaluation after sliding 51% against the dollar between the end of 2011 and April 2026. The yen had touched roughly ¥163.94 earlier in the week, its weakest in four decades. By Friday’s close, the dollar-yen pair stood at about 157.43.

For American businesses, the stakes run deeper than exchange-rate headlines suggest. A chronically cheap yen hands Japanese manufacturers a pricing advantage over U.S. competitors in autos, machinery and electronics, while making American exports more expensive in a major market. It also complicates the flow of Japanese capital into U.S. projects — investment that has been central to the administration’s industrial agenda, including multibillion-dollar Japanese commitments to power generation and small modular reactor construction in Tennessee, Alabama, Pennsylvania and Texas.

There is a bond-market dimension as well, and it may be the more consequential one. If Japan is left to defend its currency alone, Tokyo may have little choice but to sell down part of its Treasury holdings to fund further intervention — a move that would push U.S. borrowing costs higher. Reuters reported that Japan instead tapped the Federal Reserve’s repurchase facility for dollar liquidity rather than selling Treasuries outright, limiting upward pressure on long-term U.S. yields. That detail matters to anyone financing a home, a fleet or a construction project: pressure on the long end of the Treasury curve feeds directly into mortgage rates, commercial lending and auto loans.

Tokyo has made clear it reads Washington’s participation as more than symbolism. Atsushi Mimura, the Finance Ministry’s top currency official, said Friday that Japan is receiving more than moral support from the United States. Bessent, in a post on X, credited Prime Minister Sanae Takaichi and Bank of Japan Governor Kazuo Ueda for their commitment to monetary and financial stability. The Japanese government is expected to confirm the joint action formally on Monday.

The backdrop is the war with Iran, which has driven oil prices sharply higher and hit Japan — overwhelmingly dependent on Middle Eastern crude routed through the Strait of Hormuz — harder than most industrial economies. A collapsing yen layered on top of an energy shock threatened to import inflation into Japan at precisely the moment Tokyo is being asked to fund defense expansion and honor large investment pledges in the United States.

Traders now face a more delicate question: whether a sharply stronger yen forces an unwinding of the long-running carry trade, in which investors borrowed cheaply in yen to buy higher-yielding assets elsewhere. With bearish yen positions near record highs among global hedge funds, the next contested level is seen around 155 per dollar.The Treasury’s Exchange Stabilization Fund held roughly $217 billion in assets as of June 30

— ample firepower, should friendship require another demonstration.

JBizNews Desk | Washington

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Defense Minister Israel Katz stated his intention to appoint current IDF Manpower Directorate Chief Maj.-Gen. Dado Bar Kalifa as the new head of the IDF’s Central Command during a live interview with Channel 14’s “The Patriots” on Sunday night.

Katz told Channel 14 that his decision was made due to Bluth’s allegedly unsatisfactory handling of extremist settler violence in the West Bank. 

According to the IDF, Katz’s statement was not coordinated with IDF Chief of Staff Eyal Zamir. The military stated that Zamir does not intend to remove Bluth from his position at this time and that when any such decision is made, it will require Zamir’s approval in accordance with the required protocols.

Katz’s office released a statement claiming that as early as the end of April, Zamir recommended Katz appoint Bar Khalifa as the Commander of the IDF’s Central Command.

According to the statement, Katz interviewed Bar Khalifa in June and deemed him a suitable candidate to take over the position when the time comes to appoint a new Central Command head. 

This is a developing story.

This post was originally published on here. 

The Trump administration is considering a proposal that would require many international students to pay a $100,000 fee to obtain work authorization after graduating from U.S. colleges and universities through the Optional Practical Training (OPT) program. The proposal remains under internal review and has not been approved or implemented. 

If adopted, the policy would extend the administration’s broader effort to tighten legal immigration, but its economic impact would reach far beyond immigration policy. American universities, technology companies, financial firms, hospitals, engineering firms and other employers that rely on highly skilled graduates could all face a smaller pipeline of talent. 

OPT allows eligible international students to work in the United States for up to one year after graduation, with STEM graduates generally eligible for an additional two-year extension. For decades, the program has served as a bridge between American higher education and the U.S. workforce, giving employers access to graduates they have already trained and evaluated. 

Universities may be among the biggest economic losers if the proposal becomes policy. International students pay billions of dollars in tuition each year and often enroll at full tuition rates, helping support research programs, faculty positions and campus operations. A six-figure work authorization fee could make studying in the United States far less attractive compared with competing destinations such as Canada, the United Kingdom and Australia. 

For employers, the proposal could make recruiting global talent significantly more difficult. Many graduates who begin their careers through OPT later transition to longer-term employment visas, particularly in industries facing shortages of specialized workers. Higher financial barriers could reduce the number of international graduates entering those fields. 

No formal rule has been published, and administration officials have not announced a final decision. As a result, the current OPT application process and existing filing fees remain unchanged while the proposal is under consideration. 

What to Watch: Any formal proposal from the Department of Homeland Security would likely trigger a public rulemaking process and could face legal challenges before taking effect, making this an issue that universities, employers and international students will be watching closely. 


JBizNews Desk | Washington

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New Jersey restaurants must stop automatically placing disposable utensils, condiment packets and plastic straws into takeout and delivery orders, shifting responsibility to customers to request the items they actually need.

The state’s “Skip the Stuff” law took effect Saturday, August 1, and applies to restaurants, cafés, food trucks and most other food-service businesses. Online ordering systems and delivery platforms must now default to no utensils or condiments, requiring customers to actively select them before completing an order. 

For consumers, the immediate change is simple but easy to miss: anyone planning to eat away from home should check the order screen or ask directly for forks, knives, spoons, napkins, sauces and straws. Restaurants may still provide those items, but they can no longer assume every customer wants them.

The rule is intended to eliminate the large number of unused plastic items that leave restaurants only to be thrown away. Many takeout customers eat at home or work, where reusable utensils and condiments are already available, yet disposable packets have historically been added automatically.

Restaurants may also benefit financially by purchasing fewer disposable supplies. The savings on one utensil set or ketchup packet may appear insignificant, but the cost becomes substantial when multiplied across thousands of orders each week.

Digital ordering will make the change most visible. Restaurant websites and delivery apps must present utensils and condiments as an optional selection rather than including them automatically. Consumers who move quickly through checkout may receive their food without anything needed to eat it.

Phone and in-person orders are covered as well. Customers should state what they need when ordering rather than assuming the restaurant will add it later.

Full-service restaurants with seating for at least 10 customers face an additional requirement. Dine-in guests must generally receive washable, reusable utensils rather than disposable plastic cutlery. 

The law does not eliminate access to disposable utensils. It changes them from a default part of every order into an item supplied only when requested.

Self-service stations may remain available under certain conditions, allowing customers to take individual items. Bundled packages containing several utensils or condiments may continue temporarily, but the state plans to prohibit those multipurpose packs beginning August 1, 2027. 

Several locations are exempt. Public and private K-12 schools, licensed healthcare facilities and state and county correctional facilities are not subject to the new requirements. Food-service businesses located in food courts have until August 1, 2028, to comply. 

Prepackaged foods that include utensils during manufacturing and certain sauce containers served with specialty menu items may also fall outside the rule.

Businesses that violate the law initially receive a warning. A second violation can bring a $100 penalty, while later violations within the same year may carry fines of $250. Enforcement is designed to escalate when restaurants repeatedly ignore the requirements rather than immediately punishing an isolated mistake. 

More than 60 New Jersey municipalities had already adopted similar policies before the statewide law took effect. Red Bank reported a sharp decline in disposable cutlery distribution after implementing its local program, demonstrating how changing the default can reduce waste without denying customers access to needed items. 

The law follows New Jersey’s earlier restrictions on plastic carryout bags, foam food containers and automatically distributed plastic straws. Together, the measures are changing routine transactions at supermarkets, restaurants and other businesses throughout the state.

Consumers ordering for groups should pay particular attention. A single request for utensils may not tell the restaurant how many sets are needed, so customers should specify the number of people who will be eating.

Delivery customers should also inspect app settings before placing repeat orders. A previously saved preference may not carry over after platforms update their systems to comply with the law.

The biggest adjustment may come during the first several weeks, when consumers and restaurant workers are still learning the new process. Forgotten utensils could create inconvenience for travelers, office workers and families eating at parks or other locations without reusable alternatives.

New Jersey is betting that a small change at checkout can reduce a large amount of unnecessary waste. For customers, avoiding frustration now requires one additional step: ask for what is needed before the order leaves the restaurant.

JBizNews Desk | Trenton, New Jersey

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What began as an ambitious effort to unlock billions of dollars from the commercial value of the FIFA World Cup has rapidly evolved into one of the biggest governance crises in modern soccer. FIFA President Gianni Infantino is facing mounting opposition after unveiling a proposal to place the World Cup and other commercial assets into a new company valued at roughly $20 billion and sell up to a 20% stake to outside investors. 

The proposal would create FIFA Forward Enterprise (FFE), a commercial subsidiary expected to manage the World Cup and FIFA’s other revenue-generating events. Investment firm Thrive Capital, led by Joshua Kushner, is expected to spearhead fundraising alongside JPMorgan, with the transaction potentially raising about $4.2 billion while allowing FIFA to retain majority control. 

Resistance has been swift and unusually broad. UEFA’s 55 member associations have warned they will boycott FIFA competitions if the plan proceeds, arguing that the governing body is attempting to commercialize the sport’s crown jewel without sufficient transparency or consultation. North America’s CONCACAF has also rejected the proposal, adding significant pressure on FIFA as it seeks approval from its 211 member associations. 

The internal backlash intensified Friday when Carlos Cordeiro, a senior adviser to Infantino and former president of U.S. Soccer, resigned in protest. Cordeiro, a former Goldman Sachs executive, called the proposal “a bad deal for football,” questioning why FIFA would sell a stake in its most valuable asset despite holding billions of dollars in reserves and carrying no debt. His departure marks the highest-profile resignation linked to the initiative. 

Beyond the politics of soccer, the dispute has become a major business story. The World Cup has evolved into one of the world’s most valuable sports properties, generating record revenues from broadcasting, sponsorships, hospitality and ticket sales. Selling an ownership interest could reshape how global sporting events are financed and could attract long-term institutional investors seeking stable media and entertainment assets. At the same time, critics fear outside investors would eventually pressure FIFA to prioritize financial returns over sporting integrity. 

The controversy is also drawing attention in Washington. Members of Congress have begun scrutinizing the proposal and its investment structure, including reported ties to U.S.-based investors, raising the possibility that the dispute could extend beyond sports governance into political and regulatory oversight. 

For businesses, sponsors and broadcasters, the outcome could influence the future economics of international sports. If the proposal collapses, it may discourage other governing bodies from pursuing similar privatization strategies. If approved, it could establish a new model for monetizing global sporting assets while fundamentally changing the relationship between sports organizations and private capital.

With member federations expected to vote in the coming weeks, Infantino now faces perhaps the defining test of his presidency. The battle is no longer simply about raising billions of dollars—it has become a fight over who should control the future of the world’s most valuable sporting event.

JBizNews Desk | New York

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As the IDF continue carrying out targeted strikes against terrorist operatives in Gaza, officials at the White House and the Board of Peace are trying to preserve what they see as the Trump administration’s most ambitious diplomatic initiative: Hamas’s complete disarmament, the transfer of civilian governance to a technocratic Palestinian administration, the deployment of an international stabilization force, and the transformation of Gaza from a terrorist stronghold into a territory focused on reconstruction.

Yet with each passing day, the gap between that diplomatic vision and the operational reality on the ground appears to be widening.

On Saturday and Sunday, the IDF announced a series of precision strikes against Hamas, Palestinian Islamic Jihad, and Army of Islam operatives, including killing field commanders and Nukhba terrorists who participated in the October 7 massacre.

According to the military, all of those targeted were actively advancing terrorist attacks against Israeli civilians and IDF troops, and were eliminated to remove imminent threats. The IDF also stressed that its forces remain deployed in Gaza in accordance with the existing agreement and will continue operating against any security threat.

From Israel’s perspective, there is no contradiction. Even as diplomatic efforts continue, Jerusalem maintains that it cannot relinquish its right – or its obligation – to act against terrorists actively plotting attacks.

IDF destroys four Hamas tunnels in Gaza over weekend, April 14, 2026. (credit: IDF SPOKESPERSON'S UNIT)

Diplomatic pressure meets operational reality

It is precisely here, however, that an increasingly visible point of tension has emerged with Washington.

Nikolay Mladenov, the Board of Peace’s High Representative for Gaza, warned this week that two days of Israeli strikes had resulted in civilian casualties and damage to critical medical infrastructure, coming after months of intensive efforts by the United States, Egypt, Qatar, Turkey, and the Board of Peace to persuade Hamas to accept the roadmap for implementing President Donald Trump’s comprehensive Gaza plan.

Mladenov stressed that both sides have obligations under both the Comprehensive Peace Plan and the Sharm el-Sheikh agreement. He said his team is working around the clock with all parties and regional mediators “to create the space necessary for the full implementation of the President’s plan,” concluding that lasting peace remains difficult but achievable if every party makes its best effort.

His comments were not made in isolation.

During a background briefing held by senior White House and Board of Peace officials following the announcement of the Gaza roadmap, officials were asked directly what would happen if Israel failed to fulfill its commitments under the agreement. Their response was unusually direct.

They emphasized that Washington is asking Israel to do nothing beyond what it had already accepted under US President Donald Trump’s 20-point framework. However, they added that if Israel failed to uphold those commitments, they would be “very, very disappointed.” They stressed that Israel is expected to honor the original agreement just as the administration expects Hamas to fulfill its own obligations.

Washington emphasizes verification, not trust

At the same time, those same officials made clear that they fully understand Israel’s skepticism.

They acknowledged that Jerusalem had initially doubted Hamas would ever agree to release all the hostages or return the bodies of those killed. Today, they said, Israeli officials remain deeply skeptical that Hamas will actually surrender its weapons.

For that reason, they argued, the roadmap is not built on trust but on verification. Every phase is conditional upon independent confirmation that the previous phase has been completed. In other words, Washington is not asking Israel to trust Hamas. It is asking Israel to trust the verification mechanism that it is constructing.

The friction between security and diplomacy

That is also where the friction begins.

When the IDF eliminates a Nukhba commander involved in the October 7 massacre – or terrorists whom Israeli intelligence identifies as actively planning attacks – Jerusalem views those operations as a legitimate exercise of self-defense and a necessary security obligation.

For the architects of Trump’s Gaza initiative, however, every new strike risks complicating the political environment needed to move the roadmap forward, while potentially allowing Hamas to argue that Israel is failing to uphold the spirit of the agreement.

This suggests that American officials are concerned about more than Hamas’s willingness to disarm. They are equally focused on keeping Israel within the diplomatic framework they have spent months building.

That does not mean Washington opposes Israeli military operations. On the contrary, officials repeatedly stressed during the briefing that the roadmap’s ultimate objective is to ensure Gaza can never again serve as a launching pad for attacks against Israel.

Yet from the administration’s perspective, as the diplomatic process advances, every military operation carries political consequences extending far beyond its immediate tactical value.

Managing an increasingly delicate balance

That may ultimately become the Trump administration’s greatest challenge in Gaza – not simply convincing Hamas to relinquish its weapons, but managing the constant tension between Israel’s legitimate security requirements and Washington’s determination to advance an unprecedented reconstruction and demilitarization project.

From Israel’s standpoint, there is little indication that military planners would suspend targeted operations against active terrorists simply to protect the diplomatic process. As long as threats remain, Israeli officials argue, the military will continue acting against them.

Ultimately, the success of Trump’s Gaza initiative may depend on more than Hamas’s willingness to disarm. It may hinge on whether Washington and Jerusalem can manage the increasingly delicate balance between Israel’s operational freedom to defend itself and America’s effort to preserve the diplomatic framework it hopes will reshape Gaza’s future.

This post was originally published on here. 

President Donald Trump said Saturday he has suspended planned U.S. military strikes against Iran after what he described as substantial progress toward an agreement that would reopen the Strait of Hormuz and restart negotiations over Tehran’s nuclear program. Writing on social media, Trump said the emerging framework would deliver the immediate and complete opening of the strait along with an end to Iran’s nuclear threat, and that he had agreed to cancel the attack subject to reaching a deal rapidly.

For companies that move oil, containers or insurance paper through the Gulf, the operative number is 60. Israel’s Channel 12 reported that mediators are working to restore the memorandum of understanding Washington and Tehran signed last month. According to the report, the proposal would keep Hormuz open to international shipping for 60 days without transit fees while renewing the ceasefire. That is a two-month planning window, not a permanent settlement — and the last several did not survive their own terms.

The reason the previous memorandum collapsed is the same reason this one may. The earlier agreement unraveled over conflicting interpretations of who controls the waterway: Trump maintained it guaranteed unrestricted passage, while Iranian officials viewed it as preserving Tehran’s authority over commercial shipping routes. Nothing in the reported framework appears to resolve that dispute. Instead, it postpones it for another 60 days.

Tehran spent Sunday underscoring the divide. Foreign Ministry spokesman Esmail Baghaei told Iranian state television the strait would “in no way” return to the status it held before February 28, when the conflict began. He said Iran is discussing maritime traffic with Oman but that no negotiations are underway on a full reopening. Iran’s defense minister separately said the country remains prepared to respond to any military action despite Trump’s remarks.

According to Channel 12 and regional officials involved in the mediation, the proposal extends beyond shipping. It would return Washington and Tehran to direct nuclear negotiations, reopen Hormuz, halt attacks across the region — including strikes by Iranian-backed militias in Iraq against Gulf states and Jordan — while the United States would lift its naval blockade and allow Iranian oil exports to resume. The officials, speaking anonymously because they were not authorized to discuss the negotiations publicly, stressed that no final agreement has been reached.

That final provision is likely to move markets first. A reopening of Hormuz combined with Iranian crude returning to global markets would significantly increase available supply after months of disruption. U.S. crude climbed as high as $117.63 a barrel during the standoff before easing toward $112, roughly 40% above pre-conflict levels. Oil briefly fell below $70 in mid-July when traders believed the war had ended, only to reverse higher as fighting resumed.

American consumers have experienced the same swings. National average gasoline prices reached about $4.14 per gallon during the crisis, while diesel climbed to $5.64, approaching the record $5.82 set in 2022. Diesel costs ultimately filter into freight rates, food prices and construction costs across the economy.

Transit fees remain another unresolved issue. Iran agreed under the June 17 interim understanding not to impose tolls for 60 days. Trump later announced a proposed 20% charge on cargo moving through the strait after declaring the United States its guardian, but withdrew the idea following strong opposition from the shipping industry. The International Maritime Organization has maintained that mandatory transit tolls through the strait are not permitted under international law, and major carriers have indicated they would reject protection fees imposed by either side.

Regional governments are treating the diplomatic pause cautiously. Saudi Crown Prince Mohammed bin Salman spoke with Trump before Saturday’s announcement and expressed concern about further escalation, according to the Saudi Press Agency. A person familiar with the conversation said Saudi leaders remain concerned that Iran could retaliate against critical Gulf energy infrastructure. Trump also said Israel had agreed to support the proposed ceasefire, though Israeli officials have not publicly commented.

Trump has announced several pauses since military operations against Iran began on February 28, and previous ceasefire attempts have repeatedly collapsed. Reports also continue to point to divisions inside Iran’s leadership between hardliners opposed to negotiations and officials who believe sustained military pressure strengthens Tehran’s bargaining position.

For shipping companies, refiners and insurers, the practical calculation remains unchanged. Even if a 60-day toll-free window is finalized, it provides a temporary opportunity to move cargo rather than a lasting solution. Charter contracts, insurance premiums and energy hedges extending beyond early October will still need to account for the unresolved dispute over who ultimately controls one of the world’s most strategically important waterways.

JBizNews Desk | New York

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Board of Peace (BoP) Director-General and High Representative for Gaza Nickolay Mladenov implied on Sunday that IDF strikes in the Gaza Strip are interfering with peace efforts.

“Two days of strikes across Gaza have killed civilians and destroyed medical supplies that people depend on,” Mladenov said in an X/Twitter post.

Mladenov noted that the BoP’s current efforts are concentrated on disarming “Palestinian factions” in Gaza and implementing a civilian government.

He added that both Israel and the “Palestinian factions” have obligations under the deal that they must adhere to.

“My team and I are working around the clock with the parties, the mediators and regional partners to de-escalate and create the space for the full implementation of the [US] President’s plan,” he said. “Achieving a lasting peace is hard but achievable if everyone makes their best efforts.”

Illustrative: Smoke rises over buildings after an Israeli airstrike near Al-Yaqeen Mosque in western Gaza City on July 28, 2026. (credit: Faiz Qreqa / Middle East Images / AFP via Getty Images)

Mladenov’s comments come following an IDF announcement earlier on Sunday that it had killed two Hamas commanders in Gaza over the weekend.

Also on Sunday, the IDF said it killed three Gaza terrorists from three separate terror groups over the past week.

White House, BoP officials to ‘Post’: Only asking Israel to do what it agreed to do

Senior White House and BoP officials told The Jerusalem Post on Friday that they are “not asking Israel to do anything other than agree to the 20-point plan that they agreed to initially.”

“We’re very confident they will adhere to it,” the officials added. “If they don’t, obviously, very, very disappointed.”

Idan Kweller contributed to this report.

This post was originally published on here. 

Israel was meant to be involved in a major attack on Iran, United States officials told N12 News on Sunday, before US President Donald Trump decided to call it off after persuasion by Qatar and Saudi Arabia.

According to one official, Israel told the United States that if the attack did not strike Iranian regime targets and sites tied to Iran’s economy, there was no point in striking at all.

The officials also told N12 that Trump had been closer than ever before to striking before other Middle East nations pressured him to grant Iran another opportunity to negotiate.

US President Donald Trump speaks as he sits behind an airport model as he makes an announcement about a renovation of Washington Dulles International Airport in the Oval Office at the White House in Washington, DC, US, July 29, 2026.   (credit: Reuters/Kylie Cooper)

Trump demands immediate deal with Iran

In a Truth Social post on Saturday night, Trump called for an immediate deal with Iran, claiming to have called off a massive attack against the country and to have Israel’s support in his commitment.

“The USA is locked and loaded and ready to go against the Islamic Republic of Iran, at levels of Military Terror, Strength, and Power not seen since World War II,” Trump claimed. 

Trump announced that the deal would have to include the complete opening of the Strait of Hormuz and an end to Iran’s nuclear threat.

This post was originally published on here. 

Beersheba has joined a growing list of Israeli cities and communities whose residents are eligible to apply for personal firearm licenses, the National Security Ministry confirmed on Sunday.

The move is part of a broad firearms reform introduced in 2023 by National Security Minister Itamar Ben-Gvir.

The decision was made following an extensive professional review by the Israel Police and officials in the Firearms Licensing Division, who examined the matter, as well as Ben-Gvir himself.

In 2026 alone, the number of eligible communities has risen by 126, and the number of individual gun owners has nearly doubled from 150,000 before the war to 300,000 after it. 

Since the reform was expanded, more than 280,000 citizens have received personal firearm licenses, while more than 200 communities have been recognized as eligible. These include areas of Jerusalem, Netanya, and Ashdod.

National Security Minister Itamar Ben Gvir and committee head MK Zvika Fogel attend a National Security committee meeting at the Knesset, the Israeli parliament on March 24, 2026. (credit: YONATAN SINDEL/FLASH90)

Ben-Gvir: ‘A weapon in the right hands saves lives’

Ben-Gvir continues to push for the eligibility criteria to be expanded to additional cities and communities. The policy reflects his belief that Israeli citizens have a fundamental right to defend themselves and their families, while also contributing to the protection of the State of Israel.

“A weapon in the right hands saves lives,” Ben-Gvir has repeatedly said.

“I am proud to continue the firearms revolution and expand it to the capital of the Negev as well,” he said following the announcement. “The residents of Beersheba, like all citizens of the State of Israel, have a basic right to protect themselves and their family members.”

This post was originally published on here. 

The IDF confirmed on Sunday that Hezbollah terrorists were the ones who deployed an explosive device, which ended up wounding five Lebanese soldiers in southern Lebanon.

According to the military, the explosive, which was run over by the Lebanese soldiers, belonged to Hezbollah, contrary to claims that the incident had been Israel’s responsibility.

The IDF further clarified that the incident had occured in the Kfara area of Lebanon, where no Israeli soldiers had any presence.

Lebanon claims Israel struck its soldiers, then backtracks

On Sunday evening, the Lebanese Armed Forces said that five of its soldiers were lightly wounded after a “hostile Israeli strike” in the Kafr Kila area, southern Lebanon.

A Lebanese army officer stands beside a building damaged in an Israeli air strike, in Zawtar al-Gharbiyeh, a village in southern Lebanon, following the deployment of Lebanese soldiers in one of three pilot zones after the withdrawal of Israeli forces under a US-brokered plan, July 26, 20 (credit: REUTERS/ZOHRA BENSEMRA)

The initial assessment said that the explosion was the product of an Israeli strike, which happened while the soldiers were escorting several residents in town at the time of the reported strike.

Later that day, Lebanon’s military walked back on the claim that the five were hurt in an Israeli strike, while adding that the incident was the product of a “suspicious object.”

This post was originally published on here. 

Amazon disclosed this week that it collected roughly $600 million in tariff refunds during the second quarter and will return part of that money directly to customers, the first major American retailer to put a number on what the Supreme Court’s tariff ruling is worth to its bottom line.

Chief Financial Officer Brian Olsavsky made the disclosure on the company’s quarterly earnings call. Before Thursday, Amazon had said nothing about whether it would pursue refunds at all.

Olsavsky said Amazon will contact affected shoppers and process refunds automatically wherever the company can establish a direct link between a specific import charge and what a customer paid. Beyond those traceable cases, he said the company will use the money the way other large retailers do — to keep investing in low prices.

Why the number isn’t bigger

Olsavsky attributed the relatively modest total to two things: Amazon moved early to build inventory ahead of the tariffs, and it does not hold importer-of-record status for the vast majority of products in its store. The company pulled orders forward and pre-positioned goods ahead of the levies specifically to blunt the impact.

That second point matters more than the first. Outside sellers account for more than 60% of goods sold on Amazon’s marketplace, and many of those third-party merchants importing from overseas raised prices under the tariffs and have filed their own refund claims. The money owed to those sellers sits outside Amazon’s $600 million entirely.

Olsavsky said that where Amazon did see costs rise from tariffs, it largely absorbed them rather than passing them to customers — which is also the reason the traceable refund pool is narrow. A cost the company ate is not a cost it can now credit back to a specific shopper.

The legal backdrop

The federal government began refunding billions of dollars in import taxes earlier this year after the Supreme Court found that a broad swath of the tariffs imposed on companies importing goods were illegal. Most refunds were issued in May and June, and the cash is now surfacing in corporate earnings reports. The 6-3 decision came in February and held that the administration lacked legal justification for the levies. The ruling concerned tariffs imposed under the International Emergency Economic Powers Act.

Amazon reported $27.5 billion in operating income for the quarter, and said the tariff refunds meaningfully reduced expenses. Against that figure, $600 million is a rounding error. As a signal to every other importer in the country, it is not.

What it means for other companies

Amazon is the first name of its size to disclose a specific recovery figure, and its willingness to do so establishes a marker. Retailers, manufacturers, and any business that paid substantial import duties under the struck-down tariffs now have a public benchmark for what a claim can be worth and a reason to examine their own exposure.

The refund process is not automatic and not every company will qualify. But the sequence Amazon just demonstrated — file, collect, disclose, and partially pass through — is one that corporate finance departments across the country will be reading closely.

There is also a political dimension Amazon appears to be managing carefully. The company drew White House scrutiny last year over reports it planned to display tariff-related surcharges on its site. Announcing refunds to customers rather than surcharges on customers is the same underlying transaction told from the opposite end.

For shoppers, the practical takeaway is narrow. There is no universal payout and no across-the-board discount. Refunds will reach customers only where Amazon can trace a specific import charge to a specific purchase — and for the large majority of marketplace transactions, that trail runs through a third-party seller, not through Amazon at all.

JBizNews Desk | New York

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The nominations for the Ophir Awards, presented by the Israeli Academy of Film and Television, were announced Sunday morning, prompting the perennial question: Has the academy finally chosen a movie that will earn an Oscar nomination for Best International Feature?

The winner of the Ophir Award for Best Feature Film will go on to become Israel’s official submission for consideration in the Best International Feature Academy Award category.

Israeli films have received 10 nominations in the category without ever winning, the record for the most nominations by a country without a victory, a fact that tends to be ignored by those who allege that Jews control Hollywood. No Israeli film has received a nomination since 2012, or made the Oscar shortlist since 2017.

The six nominees for Best Feature Film this year are Avi Nesher’s Our Loves, Shuli Rand and Gidi Dar’s The Wedding Entertainer (The Tale of Moishe Badhan), Reut Akkerman’s Home! Assaf Machnes’s Where To? Or Sinai’s Mama, and Moshe Rosenthal’s Tell Me Everything.

Tell Me Everything, which opened the Jerusalem Film Festival in July, leads the Ophir race with 16 nominations, the highest total received by any movie in the history of the awards. It tells the coming-of-age story of a boy who discovers his father is gay at the height of the AIDS epidemic and who reconnects with him later in life.

The 2023 Ophir Awards ceremony, also known as the Israeli Oscar on September 10, 2023; Illustrative. (credit: AVSHALOM SASSONI/FLASH90)

In addition to its Best Feature nomination, it received nominations for director and screenplay for Rosenthal, and acting awards for Assi Cohen, Keren Tzur, Yair Mazor, Mor Dimri, Neta Orbach, and Ido Tako. Tako is competing against himself in the supporting-actor category, where he is also nominated for Where To?

Close behind are Our Loves and The Wedding Entertainer (The Tale of Moishe Badhan), with 12 nominations each, while Where To? and Mama received 11 apiece.

‘Our Loves’ explores lives of Israelis on October 6, 2023

Nesher’s Our Loves is a movie about a diverse group of Israelis who think they are having the worst day of their lives on October 6, 2023, and follows them through the heroism and horror of the next day.

The movie was produced by SIPUR, an Israel-based, global film and television company, which brought international companies Fox Entertainment and Danny Cohen’s Access Entertainment on board, and executives from Fox and Access have said publicly they feel the movie could win the Oscar that has eluded Israel for decades.

Nesher is nominated for both directing and writing Our Loves. The film’s other nominees include newcomer Daniel Gimpel for supporting actress, Amit Yasur for cinematography, and Isaac Sehayek for editing.

However, the lack of acting nominees other than Gimpel surprised many, given that critics’ responses from preview screenings have praised the performances of many of the film’s stars, including Shalom Michaelshwilli, Lena Fraifeld, Magi Azarzar, Leib Levin, Hadas Yaron, and Noa Cohen.

The academy has a history of snubbing Nesher, although his films have been among the most critically praised and popular in Israel for nearly 50 years. He did not even receive a Best Director nomination until 2021. Twelve nominations for Our Loves obviously do not constitute a snub, but many actors in what critics consider weaker films received acting nominations, unlike most of the cast of Nesher’s film.

Rand, a veteran actor who became ultra-Orthodox years ago, received two nominations for The Wedding Entertainer (The Tale of Moishe Badhan): for his screenplay and his performance in the title role alongside his wife, television personality Tzofit Grant.

He achieved the same double nomination for Ushpizin in 2004, when he won Best Actor but not the screenplay. The Wedding Entertainer is a crowd-pleasing film about a man struggling with alcoholism who tries to redeem himself.

Akkerman’s Home! tells the story of a woman who, following the death of her biological mother, clings to a family she has never known.

Machnes’s Where To? focuses on the bond that develops between a Palestinian cab driver and a young Israeli in Berlin, while Sinai’s Mama, which is currently in theaters, tells the story of a Polish foreign worker in Israel who finds that the family she left behind is falling apart when she returns for a visit.

The remaining Best Director nominees are Sinai for Mama, Machnes for Where To? Rosenthal for Tell Me Everything, and Akkerman for Home! Akkerman is also nominated for Best Actress for her lead performance in the film.

The best actor nominees are Avraham Shalom Levi for Farewell to Dough, Ehab Salami for Where To? Assi Cohen for Tell Me Everything, Ala Dakka for Many Waters, and Rand for The Wedding Entertainer (The Tale of Moishe Badhan).

The Best Actress nominees are Evgenia Dodina for Mama, one of Israel’s greatest actresses who has not yet won an Ophir; Lihi Kornowski for Many Waters; Tzur for Tell Me Everything; Rebecca Esmeralda Telhami for Amal; and Akkerman for Home!

Along with Tako’s two performances, the nominees in the supporting-actor category are Tal Friedman for The Wedding Entertainer (The Tale of Moishe Badhan), Michael Moshonov for Thou Shalt Love, and Mazor for Tell Me Everything.

In addition to Gimpel for Our Loves, the supporting-actress nominees are Dimri and Orbach for Tell Me Everything, Goldman for The Wedding Entertainer (The Tale of Moishe Badhan), Rama Nasrallah for Where To?, and veteran actress Tiki Dayan for Farewell to Dough.

The screenplay category largely mirrors the Best Feature competition, with nominations for Nesher, Sinai, Machnes, Rosenthal, and Rand. Levi is also nominated for writing Farewell to Dough, giving him two nominations for the film.

The cinematography nominees are Giora Bejach for The Wedding Entertainer (The Tale of Moishe Badhan), Ziv Berkovich for Tell Me Everything, Maayan Buchnik for Where To? Matan Radin for Mama, and Yasur for Our Loves.

In the Best Documentary Feature category, the nominees are Esther, The Woman Who Did Not Know How to Love, Bay of the Sun, Flower, and Peace.

The nominees for Best Short Documentary are Ahmad the Movie Star, After the Votes Were Counted, Alon My Brother the Hero, I Am Esther, and Children No More: Were and Are Gone. The latter, directed by Hilla Medalia, focuses on civil protest during the Israel-Hamas War, and it previously competed for the Academy Award for Best Documentary Short Film.

The Best Live-Action Short nominees are The Other Body, The Sands Do Not Speak, Stars, Butcher’s Stain, Nechama, and Big Pappa. Butcher’s Stain, directed by Meir Levinson, previously won second prize at the Student Academy Awards and was nominated for an Oscar in the short-film category.

Late director Nitzan Gilady recognized in two categories

The late director Nitzan Gilady, who died recently, was recognized in two categories. His final film, Nechama, starring Reymonde Amsallem, is nominated for Best Short Film, while Moshonov received a supporting-actor nomination for Gilady’s Thou Shalt Love.

The animation nominees are Pigeon Blood, Everything Is Fine, Expectations, Casey, and Wider.

A total of 90 productions were submitted this year: 22 feature films, 33 feature-length documentaries, eight short documentaries, 17 live-action shorts, and 10 animated films.

The Ophir Awards ceremony will take place on September 9 at Cinema City Glilot, hosted by Shani Cohen and Adam Gabay, and will be broadcast live on Mako.

This post was originally published on here. 

Hours after US President Donald Trump walked back his public pledge to give Ukraine the license to build Patriot interceptor missiles, Russian ballistic missile attacks on Ukraine killed at least nine people and injured dozens.

Ukrainian President Volodymyr Zelensky said that more than 1,500 sites, including regular residential buildings, were targeted over the course of last week.

Ukraine has notably become a world leader in drone production and deterrence, but has yet to figure out a way to protect itself from ballistic missiles. It has repeatedly courted the US and countries in Europe for interceptor missiles to defend its larger population centers.

Overnight from Friday into Saturday, Russia reportedly fired 35 missiles, including 27 ballistic missiles, and 185 attack drones, Zelensky claimed. 

Only one ballistic missile was intercepted, the Ukrainian president said, “simply because there are no interceptors for the Patriot systems.”

People sit in a bus as smoke rises at a site of a Russian missile strike, amid Russia's attack on Ukraine, in the Kyiv region region, Ukraine, August 1, 2026. (credit: Anatolii Stepanov/ REUTERS)

He added that “it is this shortage of ballistic missile interceptors that only encourages Russia to launch such attacks that take human lives.”

Ukraine’s Foreign Minister Andrii Sybiha issued more urgent pleas for the missiles, saying that it is “the battle for the skies that will define the trajectory of this war,” he said. 

“The stronger the air shield over Ukraine, the closer peace becomes.”

Zelensky pushes for Patriot interceptors after Russian attacks killed nine

In comments on Sunday, Zelensky said that because of the shortage of interceptors, Russia has been pushing to expand its defense industry, and has placed a heavy emphasis on producing even more ballistic missiles.

“A significant number of Russian enterprises working to sustain these attacks by producing components for drones, missiles, and guided aerial bombs have still not been sanctioned,” he wrote on X/Twitter.

“That is why the aggressor is investing more and more in its ballistic weapons capability and is trying to ramp up production.”

On Friday, Trump appeared to walk back his pledge to give Ukraine the license to produce its own Patriot interceptor missiles, which he agreed to in July at the NATO summit.

“We’re talking about it, but it’s a hard thing to give away that kind of technology,” Trump said during a Cabinet meeting at Camp David. “We have to be very careful. Now, we have not agreed to that. We’re talking about it. But it’s a hard thing to give away that kind of technology.”

In July, Trump told Zelensky to “make them [the Patriot missiles] yourself.”

“We’re going to give a license to you to make Patriots. That’s pretty cool, right?” Trump said. “This way he can’t complain that we’re not giving him enough. I said, ‘Make them yourself.'”

Zelensky has not given an official public statement on Trump’s reversal, but appeared to address them in his nightly video address on Saturday.

“It is crucial that our partners understand that these systems are not needed sitting in warehouses for hypothetical scenarios, but here and now,” Zelensky said on Saturday.

“Every anti-ballistic missile package saves the lives of our people. And every night that we lack them results in casualties.”

“The world has Patriot missiles. What matters now is for our partners to make the political decision to provide the necessary packages,” he said.

“The United States knows what we need. Europe knows what we need. And every day without this vital assistance gives Russia another chance to kill our people.”

This post was originally published on here. 

A federal judge has refused to temporarily block the Trump administration’s new Medicaid work requirement regulations, allowing implementation to continue while a lawsuit brought by 25 states and Washington, D.C., moves forward. The ruling keeps the administration’s timeline intact even as the court considers the broader legal challenge. 

The states argue the Centers for Medicare & Medicaid Services (CMS) issued regulations that go beyond what Congress authorized and that the January implementation deadline will force costly, complex changes to state Medicaid systems. They sought a preliminary injunction to delay the rules while the case is litigated. 

U.S. District Judge Richard Stearns denied that request, concluding the states had not demonstrated the “irreparable harm” required for emergency relief. He also noted that the January deadline was established by Congress rather than by CMS, weakening the argument that the agency alone created the time pressure. Importantly, the ruling was issued without prejudice, meaning the states may renew their request later if circumstances change, and the lawsuit itself will continue. 

The regulations stem from the administration’s implementation of Medicaid work requirements enacted under recent federal legislation. Many adults enrolled through Medicaid expansion will be required to work, attend school, volunteer, or participate in qualifying activities for at least 80 hours each month unless they qualify for an exemption. 

For businesses, the decision matters well beyond healthcare. Hospitals, insurers, managed-care companies, technology vendors, and state contractors are continuing preparations for implementation instead of waiting for the courts. States must also proceed with expensive system upgrades, eligibility verification, and administrative planning while the litigation remains unresolved. 

The case now shifts from the emergency phase to a full review of the legal merits. Although the work requirement regulations remain in effect for now, the court has left open the possibility of revisiting the issue before the January implementation deadline if later proceedings warrant it. 

JBizNews Desk | Washington

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A divided Michigan Supreme Court ruled on Friday that the state’s attorney general may investigate Eli Lilly over its pricing practices for insulin.

In its 4-to-3 decision, the court rejected a lower court decision that prevented Michigan Attorney General Dana Nesel from proceeding with a probe that began four years ago. At the time, Nessel cited state consumer protection laws, alleging the drug maker had artificially increased the price of its insulin medication.

Lilly was accused of charging “grossly” excessive prices for three different insulin products — Lispro, Humalog and Basaglar — that forced some patients to ration or forego  insulin, restrict their diets or buy less-effective alternatives. These practices led to “serious disability and even death in some patients,” the state wrote in court documents at the time.

Continue to STAT+ to read the full story…

This post was originally published here. 

Spain’s Interior Ministry says roughly 50,000 to 60,000 migrants crossed from Morocco into the Spanish enclave of Ceuta over approximately 24 hours beginning Thursday, July 30 — the largest single-day surge of irregular arrivals ever recorded on European Union territory. Sixty-seven people died, many drowning as crowds moved across by land and sea and overwhelmed border guards.

The trigger was legal rather than diplomatic. The surge followed a Spanish Supreme Court ruling that migrants intercepted at sea while attempting to reach Ceuta or Melilla cannot be sent back to Morocco — a decision that circulated across social media faster than any government could respond to it.

What happened next is the part worth watching. Spain, which has spent much of the Gaza war as one of Israel’s sharpest critics in Europe, responded to its own border emergency with speed and force. Spanish army soldiers blocked access to the beach where migrants were coming ashore. Police and military reinforcements were deployed within hours. By Friday evening the government reported that more than 48,000 people had already returned to Morocco. Nearly the entire influx was reversed inside a single news cycle.

Madrid has recognized a Palestinian state, suspended parts of its defense cooperation with Jerusalem, and repeatedly argued that Israel’s security measures are disproportionate. Confronted with a mass breach of its own frontier, Spain deployed the army to the shoreline and cleared the enclave in roughly a day.

The circumstances are not equivalent, and no serious argument says otherwise. A humanitarian surge driven by economic desperation is not a terrorist assault, and the 67 people who died at Ceuta were victims, not combatants. But the underlying principle is the one Israel has argued since October 7: that a government’s first obligation is control of its own border, and that the cost of losing it lands on the economy within days.

The commercial fallout proved the point immediately. Italy imposed air and sea border checks on travel from Spain, temporarily suspending Spain’s Schengen free-movement rights for the month of August. France ordered additional checks along its shared border. Finland began preparing controls on its own Schengen borders. Italian Prime Minister Giorgia Meloni said the measure would remain only as long as necessary, with attention to limiting the impact on summer tourist flows.

August is peak season on the Iberian Peninsula. Every airline seat, hotel night, ferry crossing, and freight manifest now carries friction that did not exist a week ago. Carriers rebuild schedules around checkpoints. Tour operators absorb cancellations they cannot recover in the same calendar year. Insurers reprice. None of it required a single migrant to reach mainland Europe. It required only the perception that the border had stopped being predictable.

Spain’s own reaction to that treatment is instructive. Prime Minister Pedro Sánchez condemned what he called a selfish, polarizing, and unlawful response from fellow member states, while the prime ministers of 22 of the EU’s 27 members signed a joint letter demanding an emergency summit. The European Commission rejected Italy’s call to suspend Spain from Schengen, with Ursula von der Leyen noting that not a single person reached mainland Spain. A government accustomed to lecturing others on border conduct found itself demanding the benefit of the doubt it has not always extended.

For business readers, the takeaway is not the diplomacy. It is the mechanism. Markets function on confidence. Manufacturers rely on dependable transportation. Airlines, ports, retailers, insurers, and logistics firms all depend on governments maintaining secure and predictable frontiers. When that confidence breaks, the cost arrives as delays, canceled bookings, higher premiums, and repriced risk — while governments simultaneously absorb emergency policing, military deployment, healthcare, housing, and transport costs.

The pressure also concentrates wherever a gap opens. Irregular arrivals across Spain as a whole fell in the first half of 2026, from 17,990 to 12,138 year over year, while land arrivals into Ceuta rose 164 percent. A single narrow opening drew the entire flow.

Border security is no longer only a national security question. It is a business question, and Ceuta demonstrated that the countries most vocal about how others manage their borders operate by the same rules the moment their own are tested. As governments reassess migration, security, and economic resilience, the nations best positioned to attract capital will be those that can demonstrate both humanitarian responsibility and genuine control of what crosses their frontiers.

JBizNews Desk | New York

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Three months away from election day here in Israel, we, as a community, need to think seriously about what we want our leadership to represent and how we want our government to function.

Thinking about these questions now will help us decide who is best qualified to lead and what the mandate of that leadership should be. It is a thought process that, over the years of declining democracy worldwide, too many people have simply abandoned the assessment process to the detriment of all.

Rabbi Lord Jonathan Sacks of blessed memory, whom many of us consider to have been the voice of morality of our generation, viewed political leadership not as the quest for power it seems to have become, but as a moral responsibility centered on service, covenant, and the creation of hope. He argued that true leadership empowers others rather than controls them. 

True leaders serve the people they lead. Sacks contrasted hierarchical, pyramid-like power structures with service-oriented leadership that lifts others. Toward that end, he pointed out that a great leader encourages leadership in others.

Rabbi Jonathan Sacks. (credit: BLAKE EZRA PHOTOGRAPHY)

As an example, Moses himself modeled this by involving the entire community in building a shared vision, shifting people from argument as a first response to informed cooperation.

In addition, leadership requires offering a compelling, shared vision of the future that inspires trust and overcomes despair. 

Sadly, in today’s world, it is a real challenge to identify anyone who embodies all of the qualities Rabbi Sacks described. For sure, some autocratic leaders have a vision but, sadly, don’t see themselves as serving anyone but themselves.

In other cases, there are democratic leaders who, rather than encourage leadership in others, do all they can to undercut those with leadership potential. And as for morality, that ceased to be a requirement of leadership some years ago as well.

Add to these challenges the sad decline of societal norms, which have exacerbated the negative aspects of substandard leadership. We see that the age-old conflict between truth and power has returned anew, replaced by the noise of social media. The resultant erosion of mutual trust resulting from the undermining of truth by power simply adds fuel to the fire. 

In addition, the rampant intolerance for opposing points of view and an almost complete breakdown in civil discourse destroys the very foundations of government by consent. Even the universities, which were always seen as safe spaces for ideological cross-fertilization, now seem to be intent on morally bankrupting their students.

How, then, do we emerge from this virtual swamp and reclaim our lost values? In the years before his untimely passing, Rabbi Sacks suggested that the most productive pathway out of the morass is to pursue “covenantal politics.”

He opined that cultures governed by self-interest, as so many are today, tend to be contractual. Getting to a “we-centered” culture requires a revision of identity, and for this, Sacks maintained, the paradigm of covenant may well be crucial. 

According to Sacks, “A contract is a transaction. A covenant is a relationship. A contract is about interests. A covenant is about identity. That’s why contracts benefit, but covenants transform. A covenant creates a moral community.”

At a crossroads

Israel, in its early days, was centered more around a covenantal community given its development as a socialist society. The kibbutz was certainly a prime example, while the entire population received many of the benefits inherent in the kibbutz social structure even though the country was struggling economically. 

To the credit of the Israeli leadership at the time, the Economic Stabilization Plan that went into effect on July 1, 1985, checked inflation and moved the country to a capitalist framework but kept the best parts of socialism intact.

People can discuss why that happened the way it did, but an argument can be made that it came about because, at its core, Israel was and remains a covenantal society which dates back to the biblical roots of our people.

With the passage of time, Israel’s significant integration into the world economy, our population growth, and economic progress made it possible for us to also pick up some of the bad habits of the countries whose culture we wanted to emulate.

As I often said to people who voiced a desire at the time for us to be like America, if you buy the culture of America, Europe, or anywhere else, you can’t pick and choose… You get it all, the good along with the not so good.

These covenantal values are what we will need to demand from those who choose to lead us in the future if we are to change direction and continue to grow after these past tumultuous years in Israeli, regional, and world history.

The questions that confront us as we move to elections are: (a) can Israel shift to being a covenantal society, (b) do we have the will that will take us there, and (c) can we find the leadership who will commit to such an altruistic but necessary goal?

It would seem that after what we have experienced since October 7, the will and the motivation are, indeed, still present in Israeli society.

The younger generation, about whom we had expressed so many fears regarding their commitment to the mission of Israel, proved their mettle during the Israel-Hamas war, demonstrating to all that they had both the dedication and the commitment required to take us to the next level of success as a country. 

Clearly, the new political leadership needs to come forth from the cohort of young men and women who made us all so proud over the past three years. They will need, of course, to tap into the institutional history of others who have useful practical experience in running governments, people who are prepared to share their knowledge without forcing the young to bend to their will.

Israel is at a crossroads with an array of challenges that we will need to address over the coming years. To do so, we need new leadership that understands the meaning of covenant and how that translates to define the relationship between those of us who live here and the government in charge of the country. 

It is incumbent upon us to make the right choices and do so after intelligent evaluation. Let us hope we are up to the task.

Carthago substituenda est!

The writer, a 42-year resident of Jerusalem, is a former national president of the Association of Americans and Canadians in Israel, a past chairperson of the board of the Pardes Institute of Jewish Studies, and a Board Member of the Israel-America Chamber of Commerce (AMCHAM).

This post was originally published on here. 

All high school students in Israel will begin learning English using personalized artificial intelligence (AI) lessons beginning in the next school year, the Education Ministry confirmed.

The ministry initially announced the plan in June as part of “Project 720” to rebuild the Israeli education system with widespread use of AI and personalized lesson plans.

According to the Education Ministry, the upcoming shift in English education is based on a trial program conducted in 28 schools during the last school year. The expansion of the program will see it brought to 180 schools across the country.

“Artificial intelligence-based systems, including the English app, make it possible to identify gaps, offer personalized practice, provide real-time feedback, and adapt learning to each student’s level and progress,” the Education Ministry stated.

“Alongside this, the teacher‘s central place is maintained as the leader of the educational process and as someone who provides direction, meaning, and personal guidance.”

 AI education illustrative (credit: SCREENSHOT/FACEBOOK/VIA SECTION 27A OF THE COPYRIGHT ACT)

Project 720 puts teachers, students at center of learning

Merav Zarbiv, Director of the Education Ministry’s Innovation and Technology Division, said that Project 720 “expresses a modern educational concept that puts both the student and the teacher at the center.

“We are moving from a concept of uniform teaching to a reality in which every student has the opportunity to learn in a way that suits them, while maintaining high educational goals and developing skills required for a changing world,” she stated.

“At the same time, we provide teachers with advanced tools, information and support that allow them to focus on personal guidance and pedagogical leadership. Expanding the program is another significant step in building an innovative, flexible and more relevant education system for Israeli students.”

This post was originally published on here. 

An-Nahar, Lebanon, July 23

The rapid developments in the Strait of Hormuz and the Red Sea point toward a broader confrontation between the US and Iran, particularly as threats escalate between President Donald Trump and Iranian officials and diplomatic efforts led by Pakistan and Qatar fail to produce a breakthrough. 

Several signs suggest that Trump is preparing for further escalation. He has threatened to strike Pickaxe Mountain near Iran’s Natanz nuclear facility “very soon,” added multirole B-1 bombers to the aircraft carrying out raids on Iran for the past 12 days, and reinforced US military medical teams at German bases that treat troops wounded in the Middle East.

These reinforcements may also be connected to possible strikes against the Houthis following their announcement of a naval blockade on Saudi Arabia. Despite debate in Congress over the war’s objectives, the Republican-controlled House approved an additional $73 billion to support military operations in the region.

Trump chose the moment when he was receiving the bodies of four American soldiers killed in Iranian attacks in Jordan and Iraq to issue a new warning: US forces would destroy a bridge or power station in Iran every time the Revolutionary Guard attacked an oil tanker in the Strait of Hormuz.

Iranian Foreign Minister Abbas Araghchi answered by invoking the principle of “an eye for an eye.” Iran’s joint military command had already pledged to retaliate against civilian infrastructure across the Gulf states if Trump carried out his threat.

Iranian Foreign Minister Abbas Araghchi, centre, at the Buergenstock resort in Obbuergen, near Lucerne, Switzerland, Sunday, June 20, 2026.  (credit: Urs Flueeler/Pool via REUTERS)

Hours later, the Islamic Revolutionary Guard Corps announced that a tanker had struck a mine while traveling through the southern lane of the strait, while two others turned back. The confrontation is also expanding in the Red Sea.

Riyadh announced that a Saudi oil tanker had been hit by a projectile, while the Houthis claimed responsibility for targeting two Saudi tankers sailing toward Bab el-Mandeb, three days after declaring a maritime blockade of Saudi ports.

Since the Houthis notified oil companies of the blockade by email, several tankers have changed course away from Bab el-Mandeb and toward the Suez Canal, increasing insurance costs and lengthening journey times. Oil prices have reached about $96 a barrel.

US Secretary of State Marco Rubio directly accused Iran of inciting the Houthis to carry out the attacks. The opening of this front places additional burdens on American forces and redraws the map of the confrontation.

A source told CNN that Mossad chief Roman Gofman met Trump administration officials in Washington two weeks ago and provided intelligence concerning Mount Pickaxe in Iran. Did his visit prepare the ground for Israel to join the US in strikes against Iran if escalation continues? 

That possibility cannot be ruled out. Against this volatile background, Washington’s announcement of a “historic” civil nuclear cooperation agreement with Saudi Arabia was also highly significant. The agreement, which still requires congressional approval, includes nonproliferation safeguards and would allow the kingdom to enrich uranium on its own soil. – Samih Saab

The war reshaping negotiations

Al-Masry Al-Youm, Egypt, July 24

After more than 10 consecutive waves of American strikes on Iran – 12 as of this writing – alongside continued Iranian retaliation and regional mediation, the anxious question has become unavoidable: Is this a war intended to produce a decisive outcome, or a means of imposing new negotiating terms?

The answer is not easy because the scene combines two apparent opposites. Washington and Tehran are exchanging fire, yet mediation channels remain active and political messages are being sent alongside missiles. 

Neither side has abandoned the negotiating table; each has moved part of it onto the battlefield. The US does not appear to be preparing for a war aimed at overthrowing the Iranian regime or occupying Iranian territory. 

Its objective is to deprive Tehran of one of its most important strategic assets: the ability to threaten navigation through the Strait of Hormuz and convert it into an instrument of political and economic influence.

Iran, meanwhile, seeks to demonstrate that Gulf security cannot be imposed without it and that any regional arrangement designed to bypass Tehran will remain incomplete and unstable. Hormuz is therefore no longer merely a waterway.

It has become the symbol of a struggle over who has the right to establish the rules of security in the Gulf. Washington wants freedom of navigation that is not subject to Iranian will, while Tehran believes its geography gives it a natural right to serve as an indispensable partner in managing this vital passage.

Yet this confrontation carries mounting danger. Every new round of strikes reduces the ability of both sides to control escalation. An Iranian attack could cause American casualties that compel Washington to respond more broadly.

An American raid could hit a target Tehran considers a matter of sovereignty or survival, turning a limited war into a confrontation that becomes difficult to contain. At that point, decisions would no longer rest with politicians alone, but would become hostage to public pressure, military institutions, and the logic of reciprocal retaliation.

Even so, the signs of full-scale war are not yet complete. There are no American ground forces inside Iran, no campaign openly aimed at toppling the regime, and despite disruption to shipping, the Strait of Hormuz has not been fully closed.

Regional mediators also continue searching for a ceasefire or a formula that could return both sides to negotiations. Here lies the paradox. Each side is using war to improve its negotiating position, but continued fighting may cause the battlefield to determine the future of diplomacy rather than the reverse.

Every additional day of bombing raises the cost of retreat and makes any settlement appear to domestic audiences as a concession. The question is no longer war or negotiation, but whether politics can catch up with the war before it escapes the objectives for which it was launched. The door to a new agreement remains open, but it narrows with every fresh strike.

If this path continues, a limited war may cease to be a tool of pressure and become a strategic reality that redraws the balance of power across the Middle East. – Abdel Latif Al-Menawy

The 2026 World Cup showed how sport builds bridges

Al-Ittihad, UAE, July 24

Spain brought the largest World Cup in FIFA history to an unforgettable close on July 19 with a deserved 1-0 victory over Argentina. The six-week tournament, hosted by the US, Canada, and Mexico, overcame early doubts about ticket prices, difficult travel, and the challenge of expanding the competition to 48 teams. By the final whistle, most critics considered it a success. 

WAVING CAPE VERDE FLAGS ahead of the World Cup match between with Saudi Arabia, in Praia, Cape Verde, June 26. (credit: Sodiq Adelakun/Reuters)

The tournament featured 104 matches and an extraordinary range of football drama. Strikingly, the four teams that reached the semifinals were also the four highest-ranked sides before the competition began, an unusual outcome in a sport famous for surprises. Yet the quality of the closing matches justified those rankings.

England defeated France 6-4 in a thrilling third-place playoff, the highest-scoring match of the tournament. The following day, Spain controlled the final and overcame Argentina in extra time to win the title.

Although the traditional powers ultimately prevailed, the tournament also celebrated football’s growing global reach. Cape Verde, appearing in its first World Cup, stunned supporters by drawing with eventual champion Spain in the opening round. Morocco, Egypt, and Norway showed that rising teams can compete with the established elite, while Norway’s dramatic victory over Brazil ranked among the competition’s biggest surprises.

Perhaps the tournament’s greatest achievement took place away from the pitch. Before it began, there were widespread concerns that host cities would struggle to absorb the unprecedented influx of fans. Instead, the World Cup became a celebration of international friendship.

From Mexico City and Vancouver to Seattle, Kansas City, Boston, and Philadelphia, visitors blended easily into local communities. Scottish supporters filled Boston’s streets, while fans from every continent exchanged songs, flags, and stories. Many overseas visitors left impressed by the hospitality, organization, and warm welcome they found across North America.

Expanding the tournament to 48 teams clearly broadened its appeal. More countries participated, new heroes emerged, and supporters arrived from nations that rarely receive meaningful World Cup coverage.

Debate will continue over further expansion in 2030, but this year showed that, when carefully managed, growth can enrich the event rather than dilute it. The competition may also have marked a turning point in America’s relationship with football. The sport has grown steadily for decades, but millions experienced for the first time the atmosphere, emotion, and celebrations that make the World Cup unlike any other sporting event. For several weeks, it provided a welcome escape from domestic political tensions and even rivaled celebrations marking the 250th anniversary of the US.

Perhaps this was its greatest achievement. In a world fractured by war and political division, people gathered to watch from Gaza to distant Pacific islands and African villages, regardless of whether their countries were participating.

Few sporting events can unite strangers through shared excitement and hope. No tournament is perfect, and organizers will refine the format before the 2030 edition spanning Europe and Latin America. Yet the 2026 World Cup proved that sport can still build bridges that politics so often fails to construct. That may be its most enduring legacy. – Geoffrey Kemp

Two surprises from China

Asharq Al-Awsat, London, July 23

A few days ago, Beijing unveiled two technological surprises that caused a stir in Silicon Valley. The first was the launch of a giant artificial intelligence language model called Kimi K3, developed by a startup. It underwent some of the world’s most important programming tests and outperformed certain models from Anthropic and OpenAI, demonstrating an exceptional ability to analyze unusually large documents, reports, and databases, a capability certain to attract companies. The second surprise may prove even more consequential.

PROMOTING KIMI K3 at the Moonshot booth during the World Artificial Intelligence Conference in Shanghai, China, July 17. (credit: GO NAKAMURA/REUTERS)

A team at Zhejiang University launched the Qiushi engine, a specialized agent designed to conduct scientific research independently. It too outperformed Anthropic’s Open Science Desktop and Claude Code systems in the ResearchClawBench test, which was designed to measure this type of capability. For the first time, an AI system has demonstrated the ability to function as a researcher that plans, conducts experiments, and corrects its own mistakes, almost like a graduate student.

The system was described as a milestone after completing a study through thousands of steps, from formulating a hypothesis to experimental verification. What concerns Silicon Valley is that China is no longer simply imitating others. It is opening new fronts and pursuing a comprehensive technological strategy, redefining standards and proposing new ways to build artificial intelligence and apply it to daily life.

The unveiling of Kimi K3 caused a genuine shock. It has become one of the largest open models, with as many as 2.8 trillion parameters and the ability to process contexts of unprecedented scale. Yet more important than its skill in handling complex tasks is its low price, recalling the inexpensive DeepSeek model that stunned the industry.

Even if Chinese models are not always the most intelligent overall, their affordability and open-source character pose a real challenge and make them attractive to companies. Qiushi drew particular attention because it does not merely answer a scientific question based on what it has read.

It performs a connected series of tasks, carrying out experiments, analyzing the results, and producing conclusions and suggestions that had not previously been proposed. Its developers did not claim that it would perform reliably in every future test. They acknowledged that it still needs further training, refinement, and human intervention.

Even so, it represents an impressive step and the beginning of a shift from “AI that assists the researcher” to “AI that leads the research itself,” potentially allowing research to advance at a previously unimaginable speed. Together, the two systems reveal part of China’s multifaceted technology strategy, which seeks to cover a wide range of fields rather than merely compete in language models.

Kimi K3 enters a familiar arena, while Qiushi opens a different one and raises a profound question: Can a machine become a genuine researcher, or will it remain only an assistant? The fact that both projects succeeded at roughly the same time through two very different teams – one a startup and the other a university group – suggests an integrated ecosystem advancing in several directions at once.

China has trained some advanced models on domestically produced processors from Huawei, Alibaba, and others, betting that engineering skill can compensate for weaker computing power and disadvantages in advanced chips. In China, nothing happens by accident. Qiushi was launched to coincide with the World Artificial Intelligence Conference in Shanghai, where President Xi Jinping announced a new global alliance to regulate AI in the service of “common prosperity.”

The objective was clear: to present China as a global technological power, not a marginal competitor. The next phase will be fascinating because the competition will no longer be limited to smarter language models in the style of ChatGPT and Claude.

The real race will be to create highly intelligent specialized agents in science, medicine, and engineering. Another issue will become central: which systems deserve users’ trust in terms of safety, reliability, and personal privacy? – Sawsan Al-Abtah

The future belongs to the young – which should worry Israelis

Yediot Aharonot, Israel, July 24

Congratulations are due to the four million American students who graduated this summer from thousands of universities and colleges across the country. Soon they will begin careers at prestigious law firms, on Wall Street, in Hollywood and on Broadway, and at Google, Microsoft, and other leading technology companies.

These talented people in their 20s will help shape America’s economy, science, culture, and politics. They are the country’s future, and Israel should already be asking what that future will mean for it. Since Oct. 7 and the continuing war in Gaza, the pro-Palestinian movement has taken root on American campuses and among students who see themselves as committed activists.

The instinctive response is to dismiss them as naive, ignorant, or manipulated by progressive opinion leaders backed by Qatari funding. That condescension may be justified, or it may not, but it does nothing to address the deeper crisis: most Americans are growing more distant from Israel, while the political protection it long enjoyed in Washington is beginning to erode. Today, a majority support ending military aid financed by their tax dollars.

This shift extends far beyond chants of “Free Palestine.” Recent polling points to a dramatic collapse in Israel’s image, particularly among young adults, 75% of whom hold unfavorable views of a country that once enjoyed near-automatic American sympathy.

In Jerusalem, some still imagine Israel as a beacon admired around the world. Perhaps that was once true, especially among Diaspora Jews who embraced it as both a Jewish and democratic homeland. But even within American Jewish communities, that attachment is weakening.

Older generations remember an Israel of pioneering idealism, liberal Zionism, and a nation striving for peace while fighting for survival. In that narrative, peace failed because of Palestinian and Arab rejection, and Oct. 7 seemed to confirm it.

Yet for many younger Americans, Oct. 7 has also become inseparable from the mass killing of Palestinian civilians that followed. The war in Gaza and settler violence in the West Bank have transformed their understanding of Israel.

Their parents remember Rabin; they know Benjamin Netanyahu. The students who erected encampments at Columbia, marched under the slogan “Not in Our Name,” and voted for Zohran Mamdani grew up knowing only Netanyahu’s Israel: nationalist, brutal, committed to maintaining the occupation, and uninterested in a political settlement.

Some Israelis dismiss them as antisemites or, when they are Jewish, self-hating Jews. Some undoubtedly are. But many are educated, informed, and intellectually serious. Their worldview may be more current than that of Israelis who deny the occupation’s significance or ignore the collapse of their country’s standing abroad. This is not a public-relations failure but a strategic crisis.

Young Americans are not merely rejecting Israeli messaging; they are responding to Israeli policy. Israel’s leaders no longer argue that the Middle East cannot resemble Switzerland – they openly say they have no desire to become Switzerland: peaceful, liberal, and prosperous. Over the past decade, they have made equally clear that they see little value in pursuing peace. The Palestinian Authority became a burden; Hamas became an asset.

From Netanyahu’s perspective, the occupation is not the problem; the problem is the world’s insistence on treating it as one. Yet Israel has forgotten that it cannot exist independently of the world’s judgment. Its greatest long-term threat is not international hostility but complacency, arrogance, national self-righteousness, and the belief that reality will bend to ideology.

The Netanyahu, Itamar Ben-Gvir, and Bezalel Smotrich government prefers messianic certainty to confronting the consequences of its policies. Today’s students will become tomorrow’s judges, executives, journalists, lawmakers, diplomats, and presidents. When they turn their backs on Israel, it may be because Israel first turned its back on the better, more beautiful country in which their parents once believed. – Amir Kagan

Translated by Asaf Zilberfarb. All assertions, opinions, facts, and information presented in these articles are the sole responsibility of their respective authors and are not necessarily those of The Media Line, which assumes no responsibility for their content.

This post was originally published on here. 

Meta chief executive Mark Zuckerberg has launched a new marketing campaign arguing that artificial intelligence will strengthen human connection rather than weaken it, as the company accelerates one of the largest AI investment programs in corporate history. The campaign is designed not only to shape public opinion but also to reinforce Meta’s long-term strategy of embedding AI into commerce, communication and everyday consumer experiences.

Zuckerberg outlined the message Thursday in a Facebook post, saying Meta’s mission has always been to give people the power to share, connect and shape their world, and that the arrival of AI does not change that mission. A source familiar with the effort confirmed to Axios that the accompanying video is part of a broader paid and earned media campaign promoting Meta’s AI vision.

The advertisement directly rejects growing concerns that AI will leave people less connected, eliminate jobs and concentrate power among a handful of technology companies. Instead, Meta argues that the greatest value of artificial intelligence comes from putting advanced tools into the hands of billions of people, continuing the philosophy that guided the company’s social media platforms over the past two decades.

Behind that optimistic message is an enormous financial commitment. Meta expects to spend between $115 billion and $135 billion on capital expenditures in 2026 as it expands the computing infrastructure needed for what Zuckerberg calls “personal superintelligence.” The company has also shifted toward proprietary AI systems, launched Meta Superintelligence Labs and installed Scale AI founder Alexandr Wang to lead the new division following Meta’s $14.3 billion investment in the company.

For businesses, the more significant development is Meta’s growing focus on AI-driven commerce. Zuckerberg has told investors that intelligent shopping agents will increasingly help consumers discover products from businesses across Meta’s platforms. As AI assistants become more involved in purchasing decisions, visibility inside those recommendations could become as important as traditional advertising for merchants that depend on Facebook and Instagram to reach customers.

The strategy places Meta in direct competition with Google, OpenAI and other developers racing to build AI agents capable of completing transactions and other complex tasks. Meta believes its advantage comes from the vast amount of user activity across Facebook, Instagram, WhatsApp and its other platforms, allowing its AI systems to generate more personalized recommendations than rivals with less consumer data.

The campaign also represents another attempt by Zuckerberg to shape the public conversation around a transformative technology before competitors define it. Unlike the metaverse initiative, which depended on widespread adoption of new hardware, Meta is integrating AI into products already used by billions of people. Whether that optimism proves justified will ultimately be measured by adoption of Meta’s AI products and the revenue they generate, not by the campaign itself.

JBizNews Desk | Menlo Park, Calif.

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

New York City Mayor Zohran Mamdani is an antisemite hiding behind a fake smile, Israel’s Consul-General in New York City, Ofir Akunis, accused in an interview with CBS News on Sunday.

“He is saying, I will ensure the security of the Jewish community in New York. How will you do it if you are saying that Israel is responsible for a genocide in Gaza?” Akunis said. “This is a disgusting lie, Mr. mayor. You know that there is no genocide in the Gaza Strip.”

Akunis also condemned Mamdani for using the word “monsters” to describe the American Israel Public Affairs Committee (AIPAC), the influential pro-Israel lobby group in the United States.

New York City Mayor Zohran Mamdani speaks about Israeli Prime Minister Benjamin Netanyahu at an unknown location, in this still image taken from handout video released July 21, 2026. (credit: NYC Mayor's Office via Youtube/Handout via REUTERS)

“It’s the same word that the Germans, that the Nazi regime used against the Jewish community,” Akunis said.

Akunis warns of Sharia law in United States

The consul-general finished the interview by warning the United States, saying that he was a big admirer of the country.

“It’s very emotional to me to see the American flag right here in the streets of Manhattan,” he stated. “I don’t want to see them force the Sharia laws on you. You must stop them now before it will be too late for you.”

This post was originally published on here. 

Central Elections Committee Chairman Justice Noam Sohlberg met with Attorney-General Gali Baharav-Miara on Sunday, ahead of the elections set for October 27. They stressed the importance of safeguarding the integrity of the electoral process.

“Election integrity is not merely a legal principle; it is a fundamental prerequisite for public trust in democracy,” Sohlberg said.

Sohlberg, who also serves as deputy president of the Supreme Court, also said that the Central Elections Committee has been “preparing for all the challenges involved in conducting the elections, in close cooperation with all state authorities.”

“The commitment of law enforcement agencies to determined and effective enforcement of election laws is a key component in ensuring a proper electoral process and protecting every citizen’s right to vote and to stand for election,” he added.

The committee stated that the meeting was held as part of a series of working sessions conducted by the leadership of the committee to “ensure the integrity of the electoral process, safeguarding election integrity, maintaining public confidence, and guaranteeing every citizen’s right to vote.”

Israeli attorney general Gali Baharav Miara attends a House committee meeting at the Knesset, the Israeli Parliament in Jerusalem on, June 9, 2026. (credit: YONATAN SINDEL/FLASH90)

The committee also noted that the meeting between the judge and the A-G concluded with an agreement that “safeguarding the integrity of the elections is a paramount national effort requiring close cooperation between the Central Elections Committee, law enforcement authorities, and all state institutions in order to ensure the proper conduct of the electoral process and maintain public confidence in it.”

Baharav-Miara also stressed the importance of maintaining election integrity, adding that it “is one of the cornerstones of Israeli democracy.”

A-G: Law enforcement will cooperate with Central Elections Committee on election integrity

“All law enforcement authorities will work in full cooperation with the Central Elections Committee to ensure that the electoral process is conducted properly, fairly, and free from improper influence,” she said.

“I have full confidence in the employees of the Central Elections Committee, their professionalism, and their dedication, and I am certain that by joining forces we will ensure that every citizen can exercise the right to vote with confidence and security,” Baharav-Miara added after the meeting.

The meeting comes after President Isaac Herzog met last month with Sohlberg and Shin Bet (Israel Security Agency) head David Zini, warning that hostile actors in Israel and abroad were seeking to undermine the election.

Ben-Gvir criticizes A-G, says she should be removed from election responsibilities

National Security Minister Itamar Ben-Gvir sharply criticized the attorney-general following the meeting, calling her a “criminal” and urging that she be removed from any involvement in election matters.

Ben-Gvir has repeatedly clashed with Baharav-Miara amid the government’s ongoing dispute with her and the judiciary.

“Wherever the criminal attorney-general and case fabricator lays her hands, it will amount to deliberate sabotage of the integrity of the elections and public trust. I call on Justice Sohlberg to remove her from any involvement in the elections,” Ben-Gvir said.

Sarah-Ben Nun contributed to this report.

This post was originally published on here. 

National Security Minister Itamar Ben-Gvir was prohibited from using crocodiles to secure terrorists in prisons by the Jerusalem District Court on Sunday.

The court issued an injunction against Ben-Gvir’s plan due to a petition by the animal rights organization Let the Animals Live.

Ben-Gvir reacted to the court’s decision, saying that they were taking the side of terrorists.

National Security Minister Itamar Ben Gvir attends a House committee meeting at the Knesset, the Israeli Parliament in Jerusalem on, June 8, 2026.  (credit: YONATAN SINDEL/FLASH90)

“Once again, in a time of war, the legal system sides with the terrorists, thwarting important steps for Israeli deterrence,” he complained. “We know that the terrorists are worried about the arrival of the crocodiles, but today the court came to their aid.”

Environmental Protection Minister reclassifies Nile crocodiles

Last month, Environmental Protection Minister Idit Silman declared the Nile crocodile a “cultivated wild animal” in a move intended to allow the Israel Prison Service to station crocodiles around prisons, despite opposition from her ministry’s legal adviser and the Israel Nature and Parks Authority.

Pressure was placed on the Israel Nature and Parks Authority several months ago to allow the National Security Ministry to receive crocodiles from Hamat Gader and position them around prisons holding security prisoners. The program was expected to be piloted at Ketziot Prison.

Jerusalem Post Staff contributed to this report.

This post was originally published on here. 

The recent crisis in Ceuta cannot be understood merely as a migration episode. It is the visible expression of a much deeper transformation: the shifting strategic balance in the Western Mediterranean, where Spain, Morocco, Algeria, Israel, and the United States have become key players on the same geopolitical chessboard.

Spain and Morocco are far more than neighboring countries; they are two states compelled to cooperate while simultaneously managing interests that frequently diverge. Ceuta, Melilla, Western Sahara, the Canary Islands, migration flows, energy routes, and control of the Strait of Gibraltar are all part of the same strategic equation. In this environment, international relations are sustained not only by friendship but by the balance of power.

From Spain’s legal and historical perspective, Ceuta has been part of Spain since long before the establishment of the modern Moroccan state. Morocco, however, maintains a historical claim to the city. These competing narratives explain why the issue remains one of the most sensitive disputes in the Western Mediterranean.

Yet the true center of gravity lies in Western Sahara. Since 1975, Morocco has administered most of the territory, while the Polisario Front, backed by Algeria, continues to pursue independence.

The issue of Ceuta

Much of Morocco’s regional strategy revolves around this territory: projecting influence across Africa, securing access to strategic resources such as phosphates, developing renewable energy and green hydrogen, and consolidating its position against Algeria, its principal competitor for regional leadership in the Maghreb.

A member of the Spanish military keeps watch by a fence, as people waddle through water attempting to enter Spain amid mass crossings of migrants on foot and by sea from Morocco into Spanish territory, in Ceuta, Spain, July 31, 2026. (credit: REUTERS/JON NAZCA)

On July 20, Spanish Prime Minister Pedro Sánchez paid an official visit to Algiers, where he met with Algerian President Abdelmadjid Tebboune. Ten days later, on July 30, Ceuta experienced a massive influx of Moroccan migrants, placing unprecedented pressure on the border.

Whether or not these events are directly connected, they illustrate a broader geopolitical reality: When a state perceives shifts in the regional balance of power, borders often become the first arena through which strategic messages are conveyed.

Many analysts place these developments within the broader concept of “Greater Morocco,” a geopolitical vision that places Western Sahara at its core while preserving historical claims over Ceuta and Melilla.

At the same time, Rabat has strengthened its influence across Africa through investment, diplomatic engagement, and economic partnerships while expanding its maritime and energy ambitions in the Atlantic. Together, these elements form a long-term strategy combining infrastructure, diplomacy, economic development, and security.

One of the clearest symbols of that strategy is Tanger Med, now one of the Mediterranean’s leading container ports and a cornerstone of Morocco’s ambition to become a major logistics and energy hub linking Europe and Africa. Morocco has gradually reduced its economic dependence on Europe, strengthened ties with China, and simultaneously deepened its strategic partnership with the US, a relationship further reinforced following the Abraham Accords.

Shifts in regional geopolitics

The normalization of relations between Morocco and Israel marked a turning point in regional geopolitics. In exchange for US recognition of Moroccan sovereignty over Western Sahara during the Trump administration, Rabat secured a privileged position within Washington’s strategic architecture in the Middle East and North Africa.

More recent gestures such as naming a strategically important highway stretching more than 1,000 kilometers from southern Morocco into Western Sahara after President Donald Trump reflect Morocco’s determination to preserve that close relationship with Washington.

Within this broader context, the role of André Azoulay deserves particular attention. Appointed adviser to King Hassan II in 1991 and later retained by King Mohammed VI, the Moroccan Jewish statesman became one of the principal architects of the kingdom’s quiet diplomacy. Azoulay represents a unique tradition of dialogue that helped project an image of stability and moderation to the West while fostering channels of understanding between the Arab world and Israel.

For Spain, the challenge lies in responding to an increasingly influential neighbor without undermining an indispensable bilateral relationship. Since Hamas’s October 7, 2023, attack against Israel, Sánchez’s government has publicly clashed with the government of Prime Minister Benjamin Netanyahu, while several foreign policy decisions have also generated periods of tension with Washington.

On May 28, 2024, Spain formally recognized the State of Palestine, a decision that many international analysts viewed as politically benefiting Hamas. At a time when Morocco continues to strengthen its strategic ties with both the US and Israel, Spain faces the challenge of preserving its traditional alliances while maintaining regional stability.

Beyond Spain’s domestic political debate, the central question is whether Madrid possesses a sufficiently coherent long-term strategy to navigate an increasingly competitive geopolitical environment.

Ceuta is home to nearly 80,000 residents, including a historic Sephardi Jewish community of approximately 280 people, many of whom trace their origins to Tetouan.

The recent arrival of tens of thousands of migrants – reports speak of more than 40,000 Moroccan nationals – highlighted the extraordinary sensitivity of this frontier and underscored that Ceuta’s future depends not only on migration management but also on Spain’s ability to combine constructive relations with Morocco with strong international alliances.

History demonstrates that borders are rarely defended by military strength alone. They are equally safeguarded through diplomacy, credibility, and strategic partnerships. Today, Ceuta represents far more than a border city; it is one of the places where the future balance of power between Europe, North Africa, and the Middle East is beginning to take shape.

The writer is an Israeli-Hispanic journalist.

This post was originally published on here. 

Every year on Tisha B’Av, I watch a film called Conspiracy, a quiet, chilling HBO drama from 25 years ago about a single meeting: the Wannsee Conference, where Nazi officials sat around a table and calmly agreed on the mechanics of annihilating the Jewish people.

We know almost exactly what was said in that room because one set of minutes survived. What strikes me every time I watch it is the evil, real and staggering, and alongside it the arrogance. These were men utterly convinced of their own permanence, certain that history was on their side, certain that the Jews would simply vanish.

Within a few years, nearly every one of them was dead, disgraced, or on trial for their lives. The empire they built to erase us collapsed while we are still here, still praying, still building, still remembering.

This year, Tisha B’Av fell during a moment when that same old arrogance is dressing itself up in new clothes. Zohran Mamdani, now the mayor of a city home to the largest Jewish population outside of Israel, has made a habit of accusing Israel’s prime minister of crimes he has no authority to prosecute and no evidence to support. He surely knows the charge is absurd.

What matters more is what it signals to his followers: that the Jewish state, and by extension the Jewish people, are the villains of the story.

New York Mayor Zohran Mamdani laughs as he exits the room following his address commemorating the 250th anniversary of the United States of America at City Hall in New York, NY, US, July 3, 2026. (credit: Anna Connors/Pool via REUTERS)

And then came his Tisha B’Av greeting to New York’s Jews. A day set aside for two thousand years to mourn the destruction of our Temples and our exile from our land, and Mamdani could not bring himself to mention Israel at all. Not once. On the one day built entirely around Jewish longing for Jerusalem, our elected officials could not say the word.

Justice and liberation are true – but only if you’re not a Jew

It is a message, and one Jews have heard in different accents for two thousand years. Haman could not tolerate a people who kept their own laws and answered to the King above the king.

The architects of Wannsee could not tolerate a people whose survival mocked their theories of racial destiny. Today’s version wears the language of justice and liberation, but the instinct underneath it is old and familiar: single out the Jew, question his loyalty, deny his history, and hope the crowd follows.

I want to be honest about something. Rhetoric like this carries real weight. Words like these have preceded violence before, and we have already seen the streets of New York turn ugly. Arrogance is dangerous, and we would be foolish to pretend otherwise. We have to speak up, organize, and stand with the friends who stand with us.

But Tisha B’Av teaches something else too, something I think about every time the credits roll on that film.

Every regime, every mob, every mayor or minister who has tried to write the Jews out of history has failed. Babylon fell. Rome fell. The men at that table in Wannsee fell, and fell fast. Our connection to the land of Israel, forged three thousand years ago and mourned every year on this day, has outlasted every single one of them.

Mamdani can leave Israel out of a tweet. He cannot leave Israel out of who we are. Our children will still turn toward Jerusalem when they pray. Our fast days will still end, as they always have, with hope rather than despair.

The lesson of Tisha B’Av is a track record. Empires built on our disappearance have a way of disappearing themselves. We are still here. We will still be here. And so, please God, will Jerusalem.

The writer is the international CEO of Aish, a global Jewish educational movement. He formerly served as eastern director of the Simon Wiesenthal Center, where he oversaw the Museum of Tolerance in New York City.

This post was originally published on here. 

New Jersey businesses failed at the sixth-highest rate in the country over the past year, and the state posted the second-steepest year-over-year increase in filings anywhere in the nation, according to a new analysis of federal court data released Friday by LendingTree.

The state recorded 93.1 business bankruptcy filings per 100,000 small businesses, placing it behind only Delaware, the District of Columbia, Texas, Nevada and Arkansas. In raw numbers, New Jersey businesses filed 979 bankruptcy petitions against a base of 1,051,630 small businesses statewide — up from 546 filings a year earlier, a jump of 79.3%. Only one state saw a larger percentage increase.

The New Jersey numbers sit inside a national picture that is also deteriorating. Business bankruptcy filings across the United States rose to 25,796 in the 12 months ended March 31, 2026, from 23,154 in the comparable period a year earlier — an increase of 2,642 filings, or 11.4%. Chapter 7 liquidations and Chapter 11 reorganizations together accounted for close to 93% of all business bankruptcies nationwide, meaning the bulk of these cases involved either shutting the doors or attempting a court-supervised restructuring.

The Tri-State Picture

New York was not far behind its neighbor. The Empire State ranked seventh nationally at 88.9 filings per 100,000 small businesses, logging 2,114 business bankruptcies against 2,378,996 small businesses. That places two of the three tri-state economies inside the national top 10 for business failure rates — a signal that the pressures squeezing employers are not confined to one state’s tax or regulatory climate but are running through the entire metropolitan corridor.

Delaware’s position at the top of the table requires a caveat familiar to anyone who has filed incorporation papers. The state recorded 600 filings against 111,346 small businesses, producing a rate of 538.9 per 100,000 — a figure inflated by Delaware’s role as the nation’s corporate registration capital, where a very large number of companies are legally domiciled without operating there. The District of Columbia followed at 147.6 filings per 100,000, with Texas at 129.7, Nevada at 103.2 and Arkansas at 93.9. Rounding out the top 10 behind New York were Louisiana at 86.3, Oklahoma at 83.9 and Mississippi at 80.4.

What Is Driving The Increase

Matt Schulz, chief consumer finance analyst at LendingTree, pointed to a combination of debt loads, borrowing costs and inflation-driven expenses as the likely culprits behind the national increase. He described “higher interest rates, lingering inflation and softer consumer demand” as a difficult mix for many companies. When the cost of borrowing climbs at the same moment customers pull back on spending, Schulz said, businesses operating on narrow margins or carrying meaningful debt frequently run out of maneuvering room.

That description maps closely onto the position of the small and mid-sized firms that make up the backbone of New Jersey’s business community — retailers, restaurants, distributors, contractors and service providers that typically carry floating-rate debt, hold thin cash reserves and have limited ability to pass rising costs to customers without losing volume.

The Methodology

LendingTree examined U.S. Courts bankruptcy filing data for the 12-month periods ending March 31, 2025, and March 31, 2026, counting total business filings across all bankruptcy chapters. To produce comparable state rates, the firm divided each state’s filings by its small-business count as reported in the U.S. Small Business Administration Office of Advocacy’s 2025 state statistics, then multiplied by 100,000. The SBA reports that small businesses represent 99.9% of all U.S. businesses, which makes small-business counts a workable denominator for measuring how exposed a given state is to business failure.

What It Means Going Forward

The rate itself is one measure; the trajectory is another. A 79.3% one-year increase in filings suggests that New Jersey’s ranking reflects an accelerating condition rather than a stable one. If the same rate of increase holds through the next reporting period, the state moves up the table regardless of what happens elsewhere.

For lenders, landlords and suppliers doing business with New Jersey firms, the practical takeaway is that counterparty risk in the state has measurably risen over the past 12 months. For policymakers, the figures land as the state continues to weigh affordability, energy costs and the tax burden carried by employers — the same set of pressures that determine whether a business with a thin margin makes it through the next cycle or joins the filing count.

JBizNews Desk | Trenton, N.J.

© All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Spreading regulatory concern over New York City office-to-residential conversions intensified after two more developments experienced work stoppages due to jobsite issues.

Inspectors fully halted work at 222 Broadway in Lower Manhattan after cracked concrete beams on the 32nd floor went unreported to officials for weeks. A partial work stoppage was issued for 750 Third Avenue in Midtown Manhattan.

The New York City Department of Buildings issues thousands of stop-work orders annually. However, these latest stoppages underscore increased scrutiny following the former Pfizer headquarters conversion scare that shook confidence in the city’s conversion strategy.

New York City Mayor Zohran Mamdani and housing leaders regard office-to-residential conversions as a strategic linchpin to ease the city’s housing shortage faster than ground-up development and construction projects. The mayor is taking advantage of 2024 tax incentives that set in motion a heftier conversion pipeline.

The city has long been a leader in conversions and is a model for other cities nationwide pursuing similar strategies to turn languishing office real estate into apartments. But alarm bells went off after a couple of columns partially collapsed during developer MetroLoft‘s 1,600-unit conversion of the former Pfizer building.

Work stoppages expand

Last Friday, the Department of Buildings announced on social media that reviews of the MetroLoft building’s stabilization and façade enclosure work had “no significant structural issues which would endanger public safety.”

But a partial stop-work order remains because of further inspections.

That incident triggered heightened analysis of the other Manhattan projects.

The 222 Broadway building, built in 1962 and served as Western Electric’s headquarters, is on its third stop-work order in a matter of weeks. Developer GFP Real Estate is converting the building into 300 apartments. Engineering firm DeSimone submitted requested repair documentation last Friday, but the full stop-work order remains active pending departmental review.

A week before the latest order, the city issued two stoppages, according to DOB database. One was for work that didn’t conform to approved construction documents. The other was for failing to provide required professional engineer drawings.

Separately, developer SL Green told the New York Times it self-identified the discrepancy, which drew the work order action, and is working with the city to lift the order quickly. Inspectors found steel welding on upper floors that didn’t match filed building plans, though officials reported no structural distress.

The developer is converting the 1957 building into 639 apartments. A spokesman told the Times that the firm discovered the problem with existing columns after initial preparation work.

Preparing for the unknown problems

SL Green’s problem dovetails with a familiar theme among conversion specialists that even careful preparation can’t catch everything.

“You just never know until you get into the older buildings and start taking down walls and exposing some of the structural elements of the building,” Andy O’Brien, a partner at insurance and risk advisory firm The Baldwin Group, told HousingWire TBD.

John Edwards, a partner at Washington-based McClennan+Partners Architects, said on a Harvard Joint Center for Housing Studies webinar that upfront analysis is vital.

“We’ve done far, far more feasibility and due diligence studies for conversions than we’ve actually done conversions,” Edwards said.

He added that, for developers, understanding a building’s structural and regulatory characteristics from the outset is just as important as the design considerations themselves.

O’Brien agreed that exploration reduces risk, but projects still need to factor in the cost of the unknown.

“The ones that I’ve seen that are really successful go in eyes wide open, and prepare for the unknown,” he said. “They have either contingencies set up or at least a source of additional funding to pay for the cost to rectify late defects that they may not have seen.”

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The Foxtrot Network, a European crime organization with ties to the Iranian regime, has recruited multiple teenagers to commit murder on its behalf, including against Israeli targets, the BBC reported on Saturday.

According to the BBC, the Foxtrot Network is thought to be responsible for around 35 murders and several attacks and attempted attacks against Israeli targets in Europe since 2022.

The group routinely offers to pay teenagers to commit the crimes, the BBC reported. The teenagers are often caught by authorities during or after their attempted attack, meaning that the Foxtrot Network rarely needs to pay the money promised to them.

Diamant Salihu, a Swedish investigative journalist researching Foxtrot, stated that the organization has a “deliberate policy to recruit younger and younger teenagers because they don’t think about the consequences of getting caught, and they are more willing to take the risks.”

Last week, a Norwegian teenager was convicted of conspiracy to commit murder in Britain after being recruited by the Foxtrot Network.

A Norwegian flag flutters over building in Oslo, Norway May 31, 2017. (credit: REUTERS/INTS KALNINS)

Johannes Natland, now 19, was arrested in a hotel room in Huddersfield, northern England, in March last year with two firearms and ammunition in his possession.

Prosecutor Alistair Richardson told jurors that Natland was recruited by the Foxtrot Network, after someone using the name “Agent 47” organized hiring an assassin with €25,000 ($28,500) “in the pot” to pay for it.

Foxtrot Network leader based in Iran

The leader of the Foxtrot Network, Rawa Majid, is reportedly based in Tehran, and Salihu told the BBC that the Iranian regime is ordering Majid to attack Iran’s enemies.

“He had to make a deal to be able to live freely in Iran, under the condition that he and his network work for the regime,” Salihu explained.

The targets that the Iranian regime could aim the Foxtrot Network at could include dissidents, journalists, or Israeli targets, Salihu stated.

UK, US impose sanctions on Foxtrot Network

In April 2025, the UK imposed sanctions on the Foxtrot Network and on Majid, with then-UK foreign secretary David Lammy saying that it had targeted Jewish and Israeli targets across Europe on behalf of the Iranian regime.

That March, the United States also sanctioned the criminal organization, accusing it of being involved in trafficking illegal drugs, as well as having “carried out attacks on Israelis and Jews in Europe, along with its fugitive leader Rawa Majid.”

Iran rejected the accusation, with the Iranian embassy in London stating that “The Embassy of the Islamic Republic of Iran categorically rejects the allegations connecting the Iranian government to the activities of a Swedish-based criminal gang, known as Foxtrot.

Reuters and Jerusalem Post Staff contributed to this report.

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Israel Police found three high-powered pipe bombs in an open area near the train station in Ramallah, the police announced on Sunday. 

The police also stated that they had found dozens of 5.56 caliber ammunition alongside the pipe bombs, which had been stolen from the IDF.

The explosives were neutralized by the police, and the items were taken by the police for questioning.

An M16 found in the Bedouin village of Bir al-Maksur, August 2, 2026. (credit: ISRAEL POLICE)

Police seize guns in Bedouin village

Earlier, the police announced that they had foiled an attempted attack in the Bedouin village of Bir al-Maksur, after they had seized several weapons, including an M12 and a loaded pistol.

During the raid, the police also arrested six suspects, the police stated.

According to the police, both incidents are thought to be criminal in nature.

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Six suspects were arrested after allegedly throwing rocks and spitting at the Armenian Cathedral of St. James in Jerusalem’s Old City, Israel Police announced on Sunday.

According to the police, five of the suspects were minors, and one was an adult.

Kegham Balian, a Jerusalemite-Armenian reporter, wrote that the suspects had also thrown rocks at the window of an Armenian woman filming the event, while shouting “Get back inside, you daughter of a w****!”

Monastery of St. James, Jerusalem - the Armenian Quarter. (credit: Wikimedia Commons)

Armenian Patriarchate files formal complaint

Balian also reported that the Armenian Patriarchate filed a formal complaint.

Three of the suspects were released under restrictive conditions, including being barred from the Old City for 15 days.

The other three were brought to the Magistrate Court, where the police requested an extension to their detention.

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US President Donald Trump’s media company will start charging for special access to his Truth Social posts, which could affect national security matters and financial markets.

On Saturday, Trump Media and Technology Group (TMTG) rolled out its new subscription-based data service, Truth API. For $100,000 a month, customers, including Wall Street trading firms, will get posts from the president before other Truth Social users.

In the past, Trump’s social media posts have moved markets, and the profits of many top trading firms, hedge funds, and financial services firms depend heavily on the speed at which they can trade off such news.

“Markets already move on Truth Social posts,” Interim Chief Executive Officer of TMTG Kevin McGurn said in a July press release.

“Truth API delivers a direct, licensed, real-time feed of the platform’s most market-moving Truths while advancing our strategy to monetize proprietary assets through a high-margin, recurring revenue stream. As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company, creating lasting value for shareholders.”

US President Donald Trump looks on on the day he makes an announcement on Freedom Haulers, an initiative to open pathways for military veterans to become commercial truck drivers, during an event at the White House in Washington, DC, US, July 30, 2026.  (credit: Kylie Cooper/Reuters)

Trump could financially benefit from new Truth Social venture

However, the president is by far Truth Social’s biggest celebrity, boasting 13 million followers, as of Sunday afternoon Israel time. He also owns about 41% of TMTG through a trust one of his children oversees.

This means Trump could stand to benefit significantly from the new service.

Critics of the move say that this is a clear example of Trump promoting insider trading and trying to influence the markets in his favor.

On Wednesday, Senators Elizabeth Warren (D-Massachusetts) and Adam Schiff (D-California) asked the U.S. securities regulator to probe whether the plan to sell early access to Trump’s social media posts breaks the law, according to a letter reviewed by Reuters.

“This appears to be an outrageous abuse of the President’s office for his personal benefit that undermines everyday investors and the integrity of our markets, while enriching Wall Street and other wealthy insiders,” Warren and Schiff wrote.

Rep. Jamie Raskin (D-Maryland) launched an investigation into the matter on Friday.

“The Truth API is only the latest example of President Trump’s efforts to monetize the power of his office to influence markets. Trump has repeatedly used Truth Social to promote companies shortly after investing in them, including firms whose fortunes are shaped by government policy and decisions made by his own Administration,” Raskin wrote in a press release.

“The President of the United States should be using his office to ‘take Care’ that laws are enforced and to advance the public interest. Instead, Trump is, once again, using it to enrich in spectacular fashion himself and his family and corporate cronies, destroying the integrity of financial markets in the process.” 

In response, a TMTG spokesperson said that the Democrats “must have invented a new theory of ‘insider trading’ based on publicly available information.”

Reuters contributed to this report. 

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American Airlines extended the cancellation of all flights to Ben-Gurion Airport until at least March 2027, N12 News reported on Sunday.

The US carrier has not operated its route from New York’s John F. Kennedy Airport (JFK) to Tel Aviv since October 2023 following the Hamas-led October 7 massacre.

The Jerusalem Post’s investigation shows that no one-way flights are available on the route until at least March, with availability appearing to return in the beginning of April 2027, as of the time of writing.

According to the airline’s website, a waiver remains in place for all passengers affected by the cancellations, with options available for free changes or full refunds.

The airline has also canceled its flights to Doha, Qatar, until at least January 2027, citing regional unrest, with similar options available for affected passengers.

In October 2025, the carrier announced it planned to resume flights to Israel in March 2026, including a planned route from Los Angeles to Tel Aviv. However, the operations never materialized.

An American Airlines Boeing 787-8 Dreamliner airplane departs Los Angeles International Airport en route to Philadelphia on March 30, 2025 in Los Angeles, California; Illustrative. (credit: Kevin Carter/Getty Images)

Delta Air Lines, United Airlines expected to return by year’s end

Competing US carriers Delta Air Lines and United Airlines have also canceled Israel flights, though both are expected to return prior to the end of 2026, with both having operated the flights intermittently since the October 7 attacks, halting them as regional tensions developed.

In addition, American Airlines operated a route from Miami to Tel Aviv in the past, though the route was canceled prior to October 2023 due to operational reasons, leaving Israeli carrier El Al the only operator on the route.

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Google removed a new AI image-generation feature from Google Earth less than 24 hours after launch, after users produced realistic fake scenes tied to real locations and raised immediate concerns about misinformation, public safety and the reliability of satellite imagery.

The tool allowed users to type a prompt and generate photorealistic images grounded in Google Earth’s satellite, aerial and three-dimensional data. It was powered by Google’s Nano Banana 2 model and could place fictional events, buildings or damage onto recognizable locations.

Google said it paused the capability after seeing users share generated images that appeared to violate company policies. The company did not specify which images triggered the decision but said it was adding stronger safeguards before considering a relaunch.

The reversal exposes a problem that ordinary AI image generators do not create at the same scale. Google Earth is widely treated as a factual mapping and imagery service, so fabricated scenes produced inside the platform can appear more credible than images generated in a separate creative application.

Users were able to create artificial scenes involving disasters, armed conflict and other sensitive events at real-world locations. Even when the images were obviously fictional to the person generating them, screenshots could be detached from their original context and circulated as evidence of an actual event.

Google said the generated images were watermarked and did not appear in the main Google Earth experience. Those protections reduced the risk of the platform itself confusing generated content with authentic imagery, but they did not prevent users from sharing screenshots elsewhere.

Watermarks also depend on people knowing where to look and trusting the detection system. Once an image is cropped, compressed or reposted, ordinary viewers may not recognize that it was generated by AI.

The business implications extend beyond Google. Mapping platforms are used by news organizations, insurers, real-estate professionals, logistics companies, governments and emergency-response teams. Their value depends on users believing the underlying geographic information reflects reality.

A tool that can quickly generate convincing false imagery threatens that trust. Insurers could face fabricated property damage claims, investors could react to fake scenes involving factories or ports, and emergency officials could be forced to verify images before responding.

Real-estate professionals were among the intended users. Google promoted the feature as a way to visualize redevelopment plans, historical scenes and possible uses for empty land. Those applications remain commercially useful, but they require a clear separation between planning concepts and current conditions.

The same technology could help architects, municipalities and developers show how a neighborhood might look after construction. Yet a realistic visualization can become misleading when it is presented without the prompt, timestamp or AI label that explains how it was created.

Google’s decision illustrates the difficulty of adding generative AI to products built around factual information. The more closely an AI output resembles a trusted record, the greater the harm when safeguards fail.

Search engines, maps and satellite platforms carry a different responsibility than entertainment tools because users often rely on them to make decisions. Speeding an image feature to market without sufficient controls can therefore create legal, reputational and operational risks far larger than the feature’s immediate revenue potential.

The pause also shows how quickly public testing can uncover weaknesses that internal evaluations miss. Google launched the tool on Thursday and withdrew it Friday after researchers and users demonstrated how easily it could be used to create deceptive scenes.

Competitors will face the same challenge as geospatial AI expands. Satellite and mapping data can support urban planning, disaster forecasting, agriculture and infrastructure analysis, but combining those systems with unconstrained image generation creates an obvious path to manipulation.

Google now must decide whether stronger guardrails can preserve the commercial value without undermining trust in Google Earth itself. That may require blocking sensitive prompts, limiting the locations that can be altered, embedding visible labels and making generated images easier to authenticate outside the platform.

Pulling the feature after one day prevented a larger rollout problem, but it also revealed how little margin for error exists when generative AI is placed inside a product people use as a record of the physical world.

JBizNews Desk | Mountain View, California

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OPEC+ agreed Sunday to raise September production targets by 188,000 barrels a day, completing another step in the reversal of voluntary cuts introduced in 2023, but the increase may do little to reduce prices while damaged infrastructure and disrupted shipping routes keep existing production from reaching buyers.

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman approved the increase during a virtual meeting on August 2. The group will review conditions again on September 6 before deciding whether to continue raising output.

The announcement adds supply on paper at a moment when physical oil markets remain strained by war. Several producers have already struggled to convert higher quotas into actual exports because of damaged terminals, pipeline interruptions and restrictions affecting major maritime routes.

Oil production and oil availability are no longer the same thing. A country may have the capacity to pump more crude, but those barrels cannot stabilize markets if tankers cannot move safely or loading facilities remain offline.

That explains why OPEC+ can raise output targets while crude and fuel prices stay elevated. Earlier production increases have not fully reached buyers, limiting the effect of the alliance’s effort to cool the market.

Sunday’s adjustment completes the rollback of approximately 1.65 million barrels a day in voluntary reductions announced in 2023. A separate layer of roughly 2 million barrels a day in broader OPEC+ cuts remains in place through the end of 2026.

The alliance is therefore not returning to unrestricted production. It is restoring one portion of supply while preserving a larger restraint that can be adjusted if demand weakens or disrupted exports return.

OPEC’s monitoring committee warned Sunday that attacks on energy infrastructure and interruptions to international maritime routes were increasing volatility and reducing available supply. Repairing damaged facilities can take months, meaning higher quotas may not translate into more oil reaching refineries.

For airlines, trucking companies and manufacturers, delivered supply matters more than announced production. Their fuel costs depend on barrels that can be transported, processed and sold, not on targets approved during a virtual meeting.

Refining capacity creates another constraint. Even when additional crude reaches the market, shortages of operational refineries can keep gasoline, diesel and jet-fuel prices high.

That allows producers and refiners to benefit while transportation-dependent businesses absorb higher costs. Consumers eventually feel the pressure through gasoline prices, airfare, delivery charges and more expensive goods.

Energy inflation also complicates central-bank policy. Rising fuel costs can keep overall inflation elevated even as other parts of the economy slow, making it harder for policymakers to lower interest rates.

OPEC+ made no commitment Sunday about production during the final three months of the year. A pause after September would allow the group to assess whether disrupted exports are returning before adding more supply.

If maritime traffic and damaged facilities recover quickly, restoring too many barrels could create a surplus and push prices sharply lower. Continued disruption would produce the opposite result, leaving the alliance announcing higher quotas without materially changing the amount of oil available to buyers.

Internal quota negotiations add another complication. OPEC+ is reviewing member production capacity before establishing 2027 baselines, and countries that have invested in new fields are seeking larger allocations.

Those decisions determine how future oil revenue is divided among members. Producers have an incentive to demonstrate greater capacity now, even when war or logistics prevent them from exporting all of it.

Sunday’s decision gives the appearance of a supply response without guaranteeing relief. The next movement in oil prices will depend less on OPEC+ quotas than on whether tankers can move safely, damaged facilities can restart and refineries can turn available crude into the fuels the economy actually uses.

JBizNews Desk | Vienna

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The greatest antisemitic terrorist threat in Europe stems from jihadist terrorism, a new analysis of real-life antisemitic incidents by the International Centre for Counter-Terrorism (ICCT) and the European Jewish Congress (EJC) has concluded.

The ICCT, together with the Security and Crisis Centre (SACC) of the EJC, conducted a one-year monitoring exercise between 1 January and 31 December 2025 of offline manifestations of antisemitism across all European Union member states, as well as the UK and Switzerland.

In total, 254 incidents were identified over the course of the year. It is, however, likely that the real figure was much greater, as many victims do not report the incidents.

The distribution of incidents was relatively even across 2025, with an average of 21 incidents per month. Peaks were recorded in December, with 36 incidents, and in September, with 33 incidents, while the lowest number was recorded in February, with nine incidents.

ICCT and EJC said this pattern demonstrates that antisemitism is not merely an event-driven phenomenon that spikes around specific geopolitical developments, but a “persistent feature of everyday life affecting Jewish communities across Europe.”

 People attend a demonstration against anti-Semitism at the Place de la Bastille, in Paris, France, June 20, 2024.  (credit: REUTERS/Johanna Geron)

Likewise, antisemitic incidents were recorded across all monitored countries. The four most populous European countries, Germany (58 incidents), France (54 incidents), Italy (29 incidents), and the UK (27 incidents) also recorded the highest numbers of cases. Germany and France alone accounted for nearly half of all registered incidents.

When adjusting for population size, there was a slight change in the pattern: France recorded the highest incidence rate, followed by Bulgaria and Greece. Physical attacks were particularly common in France, and vandalism dominated in Italy and the Netherlands.

Within the monitoring, actual incidents of antisemitic terrorism were comparatively rare. Throughout 2025, Europe witnessed two attacks linked to IS-inspired jihadist terrorism: a stabbing attack near the Holocaust Memorial in Berlin in February, in which the perpetrator later stated that he had intended to kill Jews, and the Yom Kippur attack in Manchester.

Vandalism accounted for the highest share of antisemitic incidents

By far, the most common category was vandalism, accounting for more than half of all recorded incidents, with 131 out of 254 cases. Most acts of vandalism targeted Holocaust memorials, accounting for 41 incidents. Other common targets included synagogues, with 23 incidents, and Jewish cemeteries, with 11 incidents.

Vandalism was followed by physical attacks, with 48 incidents. Although generally falling short of the threshold of terrorism, a number of these attacks involved weapons, most commonly knives as well as blunt objects such as bottles.

FURTHERMORE, 40 incidents were classified as hate speech, 21 as harassment, while 14 could not be attributed to any of the predefined categories.

ICCT and EJC also tracked state legal responses following the antisemitic incidents. Authorities opened an investigation in approximately 75% of cases.

In 36 cases, primarily involving assaults or harassment, perpetrators were temporarily detained at the scene. In the case of the terrorist attack in Manchester, the perpetrator was shot dead by police. While authorities generally demonstrated a willingness to investigate incidents, in approximately 66% of all cases no perpetrators had yet been identified at the time of writing.

Of the 31 cases that proceeded to court, seven resulted in prison sentences, two resulted in fines, and three concluded with acquittals.

ICCT and EJC concluded that, though only a relatively small share of the 254 antisemitic incidents was terrorist in nature, the terrorist threat facing Jewish communities in Europe is significant and spans across multiple ideological milieus.

European Jewish communities face significant terror risk

Although terrorist attacks represented only a small proportion of the 254 incidents recorded, the report warns that the terrorist threat facing Jewish communities in Europe is significant and spans across multiple ideological milieus.

As demonstrated by the series of attacks in Europe carried out by Harakat Ashab al-Yamin al-Islamia (HAYI), presumably linked to Iran, “state-backed terrorism constitutes a significant threat to Jewish life in Europe,” the report said.

The report, however, argues that the greatest antisemitic terrorist threat currently stems from jihadist terrorism. This includes jihadist groups such as al-Qaeda and IS, the Afghanistan-based IS affiliate Islamic State Khorasan Province (ISKP), and also Hamas. There has recently been a coordinated law-enforcement endeavor to bring down a Hamas ring running out of multiple countries, especially Germany and the Netherlands.

About the extreme Left in Europe, ICCT and EJC said this primarily involved vandalism and property damage, while indiscriminate mass-violence plots are less likely.

ICCT and EJC said that online antisemitism persists at high levels; their monitoring demonstrates that antisemitism also frequently manifests itself through real-world incidents.

As such, the two organizations said it is essential that policymakers and civil society actors adopt a clear and proactive stance against all forms of antisemitism.

This includes not only consistently speaking out against antisemitic behavior, but also strengthening policies aimed at protecting Jewish life as part of European societies.

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A swastika graffiti was drawn on the base of a statue of the Rambam, Rabbi Moses ben Maimon, in Cordoba, Spain, a local politician confirmed on Saturday, following media reports.

The graffiti was painted over the base of the statue, located in the heart of the Jewish quarters of Cordoba, in the Tiberiades plaza, with local authorities condemning the antisemitic attack.

Cintia Bustos, acting mayor of the city, said that the graffiti represented an attack against the city’s heritage and lamented “the extreme seriousness of the message of hate it represents.”

“The statue of Maimonides [Rambam] in Córdoba appears with a swastika. I have requested that it be cleaned immediately, but it is concerning the vandalism in our Historic Quarter, which attacks not only people but also our rich heritage,” added local politician and spokesperson of the PSOE (Socialist Party) Córdoba, Antonio Hurtado.

The city’s authorities later ordered a sign to be placed over the painted base of the statue, while work is being done to clean the swastika graffiti.

The vandalized statue of the Rambam. (credit: FAIR USE UNDER ISRAELI COPYRIGHT LAW, ARTICLE 27A)

Spain’s Jewish communities react to attack

“Our total repudiation of the targeting with a Nazi symbol of this Jewish, Sephardic, Cordoban, Spanish, universal figure,” said the Federation of Spanish Jewish Communities in a Sunday statement.

“The Great Synagogue of Barcelona proudly bears the name “Maimónides,” in homage to one of the greatest Sephardic thinkers in history, born in Córdoba,” read another statement by the Barcelona Jewish Community, adding that “Maimónides belongs to the intellectual heritage of all humanity.”

“Attacking his statue with a Nazi symbol is an attack on our shared history, on the Golden Age, on our culture, on the values of knowledge, freedom, and coexistence that his legacy represents. Hate can never prevail over culture.”

The Rambam’s statue was placed in Cordoba because he is buried in the city, and the statue was made to commemorate his importance to Spain’s cultural heritage.

The statue, made out of bronze, was sculpted by Amadeo Ruiz Olmos in 1964 to commemorate the 760th anniversary of the Rambam’s death.

The Cordoba municipality also said that a specialized team would be in charge of cleaning the statue, while Spain’s Policía Nacional (National Police) would investigate the case.

Cordoba’s suffers attacks against heritage sites

The graffiti is just one of many vandalism attacks that Cordoba’s heritage sites have suffered in 2026, not all explicitly antisemitic in nature.

Back in April, ABC reported that Arabic letters were spray-painted on the city’s Roman Bridge.

The report also mentioned a situation from two decades ago, where swastikas were painted over the Christ of the Lanterns monument.

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Two people died after two helicopters crashed midair in Athens while participating in the firefighting efforts to combat wildfires that are affecting several areas of Greece, Greek outlet Ekathimerini reported on Sunday.

The report mentioned that all four crewmembers of both helicopters were rescued alive from the crash site, with two of them being taken unconscious to a nearby hospital. Officials later told Reuters that two of the victims had lost their lives.

All of the Bell helicopters operating in the firefighting efforts were ordered to land following the crash, while operations continue underway with other aircraft available, Ekathimerini reported.

The helicopters were part of the operation to control a huge wildfire that has destroyed over 100 homes northwest of Athens, while another fresh blaze forced evacuations on the popular tourist island of Kefalonia.

Wildfires hit Europe as temperatures register record high

Europe has been ravaged by wildfires this summer after a period of record-breaking heatwaves and little rain – conditions that scientists say have been exacerbated by climate change.

Firefighters battle a wildfire near the village Agia Paraskevi, Greece, August 2, 2026. (credit: REUTERS/STELIOS MISINAS)

Destructive blazes in France and Spain showed signs of easing over the weekend, but several wildfires have broken out in Greece after a period of relative calm there.

Gale-force winds that fueled the fire around Porto Germeno on the Gulf of Corinth 60 km (40 miles) northwest of Athens have subsided, but flames crossed a mountain to the south and reached the settlement of Veniza and a military firing range, activating unexploded ordnance.

Nearly 500 Greek firefighters, equipped with vehicles, heavy machinery, and firefighting aircraft, have been deployed, reinforced by France and Romania.

In the village of Agios Konstantinos, residents were doing their best to halt the spread of the blaze.

“The fire has been burning since last night; it is certain that they cannot have forces everywhere. We as residents are doing everything we can,” said Tasos Tzempelikos, 61, who, along with his son, was pouring water on the fire.

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Ken Griffin’s Citadel now owns the leveraged stock book of what was, three weeks ago, one of the most closely watched investment vehicles in America. Situational Awareness, the AI-focused hedge fund built by 25-year-old former OpenAI researcher Leopold Aschenbrenner, peaked at roughly $45 billion at the start of July. By Thursday it held about $10 billion.

The fund was forced to sell all of its public stock holdings after margin calls from its prime brokers. Citadel reached a deal to buy the publicly traded assets — among them SK Hynix and CoreWeave — at below-market prices. Bank of America, Goldman Sachs and JPMorgan Chase had been working with the fund to meet margin requirements ahead of the sale. The transaction was reportedly assembled inside 24 hours.

Both legs of the trade broke at once

The mechanics matter more than the personality here. Aschenbrenner was long AI infrastructure and short software — a paired bet that the buildout would enrich chipmakers and data center operators while pressuring application companies.

Then the AI infrastructure names collapsed and the software shorts rallied simultaneously. Nebius Group, SanDisk, Micron and CoreWeave — the fund’s top disclosed positions as of the first quarter — each shed more than 35% of their value. At the same time, software stocks like Adobe that served as the short leg went up, so the hedges provided no protection. Longs and shorts lost money together.

Reports put the fund’s leverage as high as 400%. As the portfolio’s value dropped, the equity cushion shrank and the prime brokers demanded more collateral.

Wall Street veterans were not surprised. Critics noted that Aschenbrenner had no money management experience before launching the fund in July 2024, and that his early work was at the collapsed crypto firm FTX. One Wall Street coach quoted by CNBC said the blow-up was widely seen as a question of when rather than whether. Another market strategist put it plainly: traders get overleveraged chasing outsized returns, and without proper risk management, this is the outcome.

The pedigree and the thesis

Aschenbrenner was born in Germany, enrolled at Columbia at 15, and graduated valedictorian at 19 with a degree in economics and mathematics-statistics. He joined OpenAI’s superalignment team in 2023 and was dismissed a year later over what the company described as an improper disclosure of internal information.

His 2024 essay — 165 pages arguing that increasingly capable AI would demand a vast expansion of semiconductors, memory, data centers and electricity generation — became required reading across Silicon Valley and formed the fund’s entire investment case. Early backers included Stripe co-founders Patrick and John Collison, former GitHub CEO Nat Friedman, and investor Daniel Gross.

He did not back away as losses mounted. In a July 24 letter to investors, he described the selloff as one of the best buying opportunities since early last year and invited clients to commit fresh capital beginning August 1. The commitments did not materialize.

What’s left

Situational Awareness will continue as a private investment firm. Its roughly $5 billion private stake in Anthropic was not part of the Citadel sale, and the fund retains it.

The unwind also helps explain this month’s chip market. Forced liquidation of a leveraged book that size moves prices independent of any view on the underlying businesses — and the Philadelphia Semiconductor index just posted its worst month since 2008. Some on Wall Street read Thursday’s forced selling as a clearing event rather than a verdict on the AI trade.

That distinction is the open question. The thesis Aschenbrenner wrote in 2024 may still prove correct. What failed was the leverage structure built on top of it, and the assumption that a hedge would hold when the market turned on both sides of the book at once.

JBizNews Desk | New York

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New York City’s first attempt to collect its new pied-à-terre surcharge has produced a four-week scramble for thousands of property owners who never expected to be part of it, and a public dataset that put close to a million names and addresses into open circulation.

The Department of Finance began mailing notices in late July telling property owners they may be subject to the new non-primary residence surcharge, which applies to one- to three-family homes, condominiums and co-ops when the owner maintains a separate primary residence. The agency launched a dedicated webpage with an eligibility tool, frequently asked questions and instructions for submitting documentation. The surcharge applies to properties valued above $5 million that are not primary residences, at rates ranging from 0.8 percent to 1.3 percent of market value on a sliding scale.

The trouble started with the paperwork that accompanied it. The Department of Finance’s supplemental market value roll, published July 24, listed more than 960,000 properties — far beyond the roughly 13,000 second homes the tax was built to reach. The spreadsheet carried names, addresses and valuations for homes, condos and co-ops. Among the entries were the Flushing home of Finance Commissioner Richard Lee, whose own agency produced the list, and a Park Slope rowhouse owned by former Mayor Bill de Blasio.

Only a fraction of those listed are actually on the hook. A Finance Department spokesperson said 17,000 notices have gone out so far, against city officials’ initial estimate that the fee would apply to roughly 10,000 properties. Owners who received a letter must pay or contest it by proving the home is a primary residence, is rented to a tenant, or falls below the value threshold. That distinction was unclear for days after the spreadsheet appeared.

A tight clock and a documentation burden

Owners of one- to three-family homes and condos must prove primary residency by Aug. 21; co-op owners have until Aug. 24, according to the Finance Department’s website. Exemption applications are filed online and require uploading records such as state or federal tax returns. Jody Kriss, founder of Kriss Capital, said he expects the city will need to extend the deadline given the volume of exemptions likely to be filed, and anticipates litigation. “I was surprised the city didn’t make an effort to determine who owes the tax and who doesn’t,” Kriss said, adding that the city could have eliminated a great deal of the confusion.

For households without a standing relationship with a tax attorney, the four-week window has meant paying for one. The publicity around a list of more than 680,000 properties theoretically subject to the tax has also advertised how much property data is already public, and the value of legal privacy structures. Myles Fischer, a partner who co-leads the trusts and estates practice at Harris Beach Murtha, said middle-class and blue-collar homeowners are being pushed into sitting down with lawyers for planning advice that wealthier families secured years ago. “It’s not that you have to be a rich person to have something worth protecting,” Fischer said. “We see it from across the board.”

The unfiltered file swept in modest homes in Bayside and single-family houses in Staten Island alongside the penthouses and LLCs that drew the coverage. Fischer described homeowners on the list who consider themselves anything but wealthy: “They have a million-dollar house, but that’s probably five times their other assets.”

City Hall defends the process

Mamdani addressed the confusion at an unrelated news conference Wednesday. “I think we’re always going to do everything that we can to make sure we’re communicating clearly to New Yorkers,” he said, adding that the administration is investing the time now “to ensure that come next year, this tax is only levied on those who are non-primary residences that are worth more than $5 million.” Mamdani said the department sent informational resources as required by law so homeowners understood the tax, their options, and the appeal window if they believed it did not apply. Lee acknowledged that letters were sent using information the city had on hand, which could be dated.

Finance spokesperson Ryan Lavis said the supplemental roll was published for public inspection as state law requires, and that the agency identified potentially affected properties from that list.

Council members are not persuaded. Upper West Side Council Member Gale Brewer, who appeared on the spreadsheet herself, questioned why the city did not begin with a narrower list. “I think, in this case, it was poorly implemented,” she said, adding that she has been directing confused constituents to the Finance Department. Real estate attorney Benjamin Williams suggested the city could have supplied context rather than a bulk file. Williams said he has been inundated since the letters went out: “I wake up every day with ten more emails that people sent me between 6 and 7 a.m.”

Co-op boards face a structural problem of their own. Rebecca Poole of the Council of New York Cooperatives and Condominiums noted that entire co-op buildings are assessed as a single tax lot, unlike condos and single-family homes that receive individual bills. If one shareholder does not meet the obligation, she said, the burden shifts to the rest of the building and may require an assessment.

The onus remains on homeowners to demonstrate they are exempt. For the roughly 943,000 New Yorkers who landed on a public list but never received a letter, there is nothing to file — only a name and address now sitting in a downloadable file, and a summer spent explaining to neighbors that they do not, in fact, own a second home.

JBizNews Desk | New York

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.


The Education Ministry announced mandatory financial education classes for ninth and 10th graders beginning in the 2026-2027 school year. 

Approximately 550 teachers have already been trained, the ministry said, and another 750 are expected to begin training in early September. 

In October, approximately 1,300 teachers will undergo a 60-hour training program for ninth-grade teachers. Additional training courses will open at the beginning of 2027 for 10th-grade teachers. 

The curriculum was designed to combine economic knowledge, behavioral psychology, and life skill development, and will be split into four main topics: responsible consumer behavior and financial decision making, money and banking, the labor market in a changing world, and investments, opportunities, and risks. 

Conscious consumer behavior and financial decision making will teach ninth-grade students about the factors that impact economic decisions, how to distinguish between necessities and luxuries, the impact of marketing mechanisms and social pressure, and tools for making responsible decisions. 

Shekel-dollar ilustrative picture. (credit: SHUTTERSTOCK)

In the module on money and banking, the students will learn the basic concepts of money, economic processes such as supply and demand, inflation, and the cost of living, as well as how traditional and digital payment methods developed.

The module on the labor market in a changing world will introduce ninth-grade students to the rights of working teenagers and the basic aspects of entering the workforce. 

The module on investments, opportunities, and risks will introduce the students to basic financial concepts including interest, various kinds of savings, and insurance.

Curriculum expands in 10th grade to include personal goals, objectives

In 10th grade, the curriculum will expand to include setting personal goals and objectives, budget planning, and making financial decisions to achieve short-term and long-term goals. 

It will also grow to include changes taking place in the technological era, future professions, skills required in the changing world of the workforce, and how to read and understand the different components of a pay slip. 

Students will also learn about various investment options including the capital market, real estate, human capital, and foreign currency, while understanding the relationship between risk and return and the importance of diversifying risks when making financial decisions.

Yoav Kisch welcomes changes, calls move ‘step in preparing the next generation’

Education Minister Yoav Kisch, who initiated the program, welcomed the announcement.

“This is an important and welcome step in preparing the next generation to face the challenges of the world outside,” Kisch said. 

“Throughout the process, I believed that the education system must provide knowledge and skills that will enable young people to successfully cope with life’s challenges. I am proud to lead this revolution and provide every student in Israel with a practical financial toolkit that will serve them throughout their lives,” he added.

This post was originally published on here. 

AI companies are buying and then destroying millions of rare books to prevent AI slop content that consumers are vocally against, 404 Media reported last week.

Silicon Valley tech giants are paying companies and contractors to buy up rare books, which are then scanned in a high-speed machine that cuts their spines out and then shreds the originals.

The tech giants are reportedly buying up the rare books to train new AI models and prevent AI “slop.” In one article on its site, ISBNdb, a company that claims to have the “the world’s largest book database,” argued that books published before 2022 were best for AI training data because they would not have any AI-generated text.

In a report uncovered by the Washington Post in January, one Anthropic co-founder suggested that feeding AI models books could teach them “how to write well” instead of producing “low-quality internet speak.”

“The world’s best AI training data is sitting on a shelf,” ISBNdb wrote in a since-deleted blog post. “Print books from the pre-LLM era are structurally guaranteed to be free of this contamination. That alone is a significant advantage […]  “Physical books published before this date [pre-2022] are structurally clean of modern poisoning tools.”

FILE PHOTO: Anthropic logo is seen in this illustration taken May 20, 2024.  (credit: REUTERS/DADO RUVIC/ILLUSTRATION/FILE PHOTO)

404 Media reported that the AI tech companies were interested in buying up books to prevent “model collapse,” where AI models trained on lower-quality AI-generated results progressively lose quality.  Executives believed that vast troves of books were essential to give the models new data and prevent their model collapse.

Why are AI companies destroying old books?

Notably, special edition book sellers say that they usually sell one or two books to a single customer.

“In the rare book trade, it’s very seldom that people want to buy more than one book,” antique book seller Pieter de Vries told The Telegraph in an interview published last week. “So if somebody comes and says, ‘I want a couple of hundred of your books,’ it’s very strange.”

But ISBNdb and companies like it are now helping AI tech giants purchase orders ranging from 1,000 to one million books.

The AI companies’ attempt to hoover up books, art, news articles, and other forms of media has gotten attention in several instances since 2024.

Most notably, the Washington Post reported in January on Anthropic’s attempts to buy millions of books, slice their spines, and scan their pages to feed more data into the company’s chatbot, Claude.

Old books.  (credit:  Jan Mellström/ Stock image)

Anthropic’s legal battle over AI and book copyrights

That instance later led to a multi-million dollar class action lawsuit in which several authors sued Anthropic, arguing that the company, which is ‌backed by ⁠Amazon and Alphabet (Google’s parent company), used pirated versions of their books without permission to teach Claude to respond to human prompts.

Anthropic settled with the authors at $1.5 billion.

Notably, though, the fact that Anthropic destroyed the books made the company’s case stronger.

Judge William Alsup ruled last June that Anthropic made fair ⁠use of the authors’ work to train Claude, but found that the company violated their rights by saving more than seven million pirated books to a “central library” that would not necessarily be used for AI training.

“Here, every purchased print copy was copied in order to save storage space and to enable searchability as a digital copy,” Alsup wrote.

“The print original was destroyed. One replaced the other. And, there is no evidence that the new, digital copy was shown, shared, or sold outside the company,” he said.

In short, because the AI company pulped the books, the digital version that existed afterward “replaced” the physical one. The judge ruled that the companies merely transformed the books, which meant that it was not a violation of US copyright law.

The tech giants clearly wanted this secret since the beginning, because the optics of destroying books are unpalatable for many. Documents uncovered by the Washington Post found that even internally, companies wanted to distance themselves from the effort.

“Project Panama is our effort to destructively scan all the books in the world,” one internal document unsealed in legal filings last said, as reported by the Washington Post. “We don’t want it to be known that we are working on this.”

As ISBNdb wrote in a since-deleted blog post on its website: “The optics problem is real. ‘AI company destroys two million books’ is not a headline that generates sympathy.”

Tech giants, former officials decry AI companies for destroying books

But the headlines and lawsuits became public, and the public is rather unsympathetic.

“So AI labs are buying old books by the pallet, slicing them apart, scanning the pages, and pulping what’s left,” former US House rep. Brad Carson wrote in a post on X/Twitter.

“Here’s the perverse part. A federal court blessed this precisely because the original is destroyed. One legal copy replaces another, so it’s fair use. Whatever you think of that ruling or fair use, notice what it does. The law now rewards destruction and penalizes preservation.

“A lab that wants to scan a book and keep it, or donate it, or deposit the scan in a public archive, has weaker legal footing than a lab that shreds everything. We have built a legal machine that pays people to pulp books and punishes them for saving them.”

Some tech giants have voiced their distaste for the destruction of the books.

“I’ve asked the SpaceX AI team to preserve any rare books in a library and scan them the hard way rather than just cutting off the spine and scanning,” Elon Musk said in an X/Twitter post.

“There’s something particularly misanthropic about the mechanized destruction of such intimate human objects,” said SEO of Factory AI Matan Grinberg. “History seldom looks kindly on those who destroy books, whatever the reasons.”

One critic of the AI industry’s approach to copyrighted work and the founder of Fairly Trained, a creator-rights group, Ed Newton-Rex, told the Telegraph that the secrecy with which companies like ISBNdb and Anthropic acquire books is damning.

“Clearly both the provider of these books and the AI companies know that this is a terrible look and they don’t want the specifics to get out,” he told the Telegraph.

“If you are just going and spending $1 on a used book, with all of the money going to a book wholesaler, should that give you the right to train a commercial generative AI model on that book, which will then be able to compete with the author who wrote it?” Newton-Rex said. “A lot of people, myself included, think it shouldn’t.”

“There is surely no more fitting image in the generative AI age for the exploitation that underlies this technology than almost trillion-dollar companies buying books for a few cents or a dollar each, scanning them, training on them, then destroying them, essentially subsuming culture,” he added.

In response to the flurry of reporting around the destroyed books, ISBNdb disputed the reports that it helped purchase large volumes of books for AI training.

“We’ve seen the recent coverage about a marketing landing page on our site, and we understand the concern it raised,” the company wrote in a statement.

“The facts: ISBNdb has never purchased, scanned, or sold a book – for AI training or anything else. We don’t train AI models, and we never have. The page was a test of market interest; no such service was ever brought to life. We’ve taken the page down.

“Our job is helping people find books. For more than two decades, ISBNdb has been the card catalog of the book world – the data behind how bookstores, libraries, and reading apps connect readers with titles. Data about books, not the books themselves. That hasn’t changed.”

This post was originally published on here. 

The IDF on Sunday confirmed the killing of three terrorists from three separate terror groups in the Gaza Strip in the last week.

On Saturday, the IDF killed Alaa Imad Khamis Tarams, a terrorist from Jaish al-Islam (Army of Islam) in Gaza City, as well as Hassan Ibrahim Shehadeh Qahman from Palestinian Islamic Jihad, the IDF said.

The IDF also stated that they had killed Ahmad Khudar, a commander in Hamas‘s Jabalya Battalion, the week prior.

According to the military, all three of the terrorists had attempted to advance terror attacks against Israeli civilians and IDF soldiers.

Illustrative: Smoke rises over buildings after an Israeli airstrike near Al-Yaqeen Mosque in western Gaza City on July 28, 2026. (credit: Faiz Qreqa / Middle East Images / AFP via Getty Images)

IDF kills two Hamas commanders in Gaza

Earlier on Sunday morning, the IDF announced that it had killed two Hamas commanders in the Gaza Strip in a series of weekend strikes.

On Saturday, the IDF killed Salem Jamal Abd al-Rahman Abu Labad, a Hamas Nukhba commander who had infiltrated Kibbutz Nir Oz during the October 7 massacre, in southern Gaza. 

In a separate strike on Friday, the IDF killed Muhammad Abd al-Nasser Muhammad Khatib, a commander in Hamas‘ Maghazi Battalion.

This post was originally published on here. 

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IDF Brig.-Gen. (res.) Erez Winner told the “Defense & Tech” podcast that Israel has defeated Hamas and Hezbollah militarily, while calling the length of the Gaza war a military failure.

Israel is winning on every front, and the proof is where Iran’s missiles are landing, IDSF chairman Brig.-Gen. (res.) Erez Winner said in an interview with the Jerusalem Post’s “Defense & Tech” podcast. Tehran has struck Qatar, Bahrain, Kuwait, and Jordan while avoiding Israel, he told host Anna Ahronheim, not out of goodwill but because it knows what Israel can do to it. 

Deterrence, he said, is measured by the way the enemy behaves. But the threat that concerns him most is not Iran, Lebanon, or Gaza. It is what he calls “the battle on our homeland”: illegal weapons smuggled into Israel in recent years, crime organizations operating in Arab society, and an armed Palestinian Authority in Judea and Samaria that could, he warned, turn its weapons on Israeli communities.

Being blunt on Gaza war

Winner, who headed operational planning for the IDF’s Southern Command from 2013 until roughly a year ago, was blunt about Gaza. The failure to end the war much earlier was a military failure, he said, naming both the former and current chiefs of staff. 

Drawing on research he conducted with Prof. Gabi Siboni into 12 historical cases of regular armies defeating guerrillas embedded in civilian populations, he argued that Israel never met the three conditions for victory, control of resources, of territory, and of the population, and spent 2024 fighting Hamas with one hand while feeding it with the other. Asked in a rapid-fire round to name the mistake Israel keeps repeating in Gaza, he answered: “Not dealing with the population.”

On defense technology, Winner criticized what he termed the “unprofessional professionalism” of the IDF, arguing that two-year rotations in senior posts leave the army without deep expertise and allow manufacturers to dictate what it buys. 

The future, he said, is not a $150 million fighter jet but mass-produced, expendable drones tied to AI capable of converting thousands of tracked targets into strikes within seconds. Asked to name the single technology Israel must invest in immediately, he gave a one-word answer.

This post was originally published on here. 

The death toll from Thursday’s mass rush into Spain’s North African enclave of Ceuta from Morocco reached at least 72 on Sunday as five more bodies were found along Ceuta’s coast, officials said.

More than 50,000 people crossed into Ceuta by land and sea in an unprecedented surge that began on Thursday at one of the European Union’s only two land borders with Africa, prompting alarm across the bloc. More than 48,000 returned to Morocco within 48 hours and more again over the weekend, Spanish authorities said.

The Spanish government representative in Ceuta, Miguel Angel Perez, told reporters on Sunday that, in addition to the 72 fatalities, more than 1,000 people had been treated by health services since Thursday. The situation in the city had improved markedly, he said, but more remained to be done to re-establish normality.

Some migrants drowned, and others were crushed while trying to climb a breakwater and border fence. Many had been driven to migrate by economic hardship and encouraged by social media rumors.

“It pains me deeply that young people are dying at sea. It’s not right that, in the year 2026, women with children as young as two months old should be crossing the sea only to die,” said Karima Abenaz, a French national in Ceuta with family in Morocco, holding back tears.

Migrants swim through Spain's Ceuta border from the Moroccan side and climb onto rocks to reach the border fence, in Ceuta, Spain, July 30, 2026, in this screen grab obtained from a video. (credit:  Atlas/via Reuters TV/Handout via REUTERS)

“In Morocco, there’s food, there’s everything we need,” she added. “If we don’t have a decent job, we should go on strike and demand our rights from the government. We shouldn’t be dying at sea, it’s not right.”

Ceuta leader Juan Jesus Vivas told the newspaper El Pais the city’s morgue had received 88 corpses, including some who had died in earlier, smaller attempts to reach the territory in hazardous night-time swims over the past two weeks. He said Moroccan authorities were also recovering bodies from the sea, but no official information was available.

Authorities have reinforced police and army patrols and on Saturday installed a 500-meter (1,600-foot) floating barrier off Ceuta.

EU member states seek to coordinate action to protect borders

Twenty-two EU member states wrote a letter asking for coordinated action to protect external borders and other measures after the Ceuta incident. Italy suspended passport-free Schengen travel arrangements with Spain for one month.

Spain has adopted a more open stance on migrants than most other EU countries, introducing a program to grant residency to more than half a million undocumented people.

It has rejected suggestions that the scheme encouraged the rush into Ceuta, saying that those who entered Ceuta irregularly could not travel on to mainland Spain or elsewhere in the Schengen zone.

This post was originally published on here. 

Amazon is expanding its reach into two of the most frequent household purchases—food and medicine—using faster delivery to pull consumers away from supermarkets, pharmacies and delivery apps.

The company said Thursday that same-day prescription deliveries through Amazon Pharmacy increased nearly fivefold during the first half of 2026, while the number of new pharmacy customers more than doubled. Amazon also reported rapid growth in grocery orders as it added perishable food to its same-day delivery network.

For consumers, the shift could make prescriptions, fresh groceries and household essentials easier to obtain without visiting a store. It also gives Amazon a larger role in purchases that households make every week or every month, rather than only when ordering electronics, clothing or other merchandise.

Chief Executive Andy Jassy said Amazon Pharmacy has saved customers nearly $250 million so far through lower medication prices and discounts. The company is working to bring same-day prescription delivery to approximately 4,500 U.S. cities and towns by the end of 2026.

Prescription delivery has traditionally been slower and more complicated than ordinary online shopping because pharmacies must verify prescriptions, work with insurers and comply with state and federal rules. Amazon is attempting to reduce that friction by connecting its pharmacy operation to the fulfillment network already used for consumer packages.

Speed may be particularly valuable for patients who cannot easily travel to a pharmacy, need medication quickly or regularly refill several prescriptions. Home delivery can also reduce the risk of missed doses caused by transportation problems, long waits or limited pharmacy hours.

Still, same-day availability does not mean every medication can be delivered immediately. Timing depends on prescription approval, insurance processing, inventory, location and whether the drug requires special handling. Controlled substances and certain refrigerated medications may also face additional restrictions.

Groceries are becoming the second major part of the strategy. Amazon now offers same-day delivery of fresh food alongside millions of other products in more than 2,300 U.S. cities and towns. That allows customers to place milk, fruit, meat or vegetables in the same digital basket as paper towels, pet supplies and electronics accessories.

Perishable grocery sales through the same-day network have grown more than fortyfold from a year earlier, according to the company. In areas where the service is available, fresh food accounts for nine of the 10 most frequently ordered same-day products.

That pattern suggests consumers may be using Amazon differently. Instead of waiting until they have a large shopping list, households can increasingly place smaller orders when they run out of an item or need ingredients for a meal later that day.

Amazon is also expanding Amazon Now, its separate ultrafast service designed to deliver thousands of commonly needed products in approximately 30 minutes. The service operates through smaller neighborhood fulfillment centers stocked with groceries, over-the-counter medicine, diapers, pet food and other items that consumers often need quickly.

Prime members generally pay a delivery fee beginning at $3.99 for Amazon Now, while nonmembers pay more. Small orders may carry an additional charge, meaning the convenience can become expensive when used repeatedly for only one or two items.

Those fees create an important distinction between ordinary Prime shipping and ultrafast delivery. Consumers may receive quicker access, but the service is not necessarily the cheapest option compared with visiting a nearby store or combining purchases into a larger order.

Competition could still benefit shoppers. Walmart, DoorDash, Uber Eats, Instacart and traditional supermarket chains are all investing in faster grocery delivery, while CVS, Walgreens and other pharmacies are trying to improve prescription pickup and home delivery.

As Amazon expands, rivals may respond with lower delivery fees, faster service, broader product selection or stronger loyalty programs. Local stores could also face pressure to improve inventory systems so consumers can reliably see whether an item is available before leaving home.

The impact on neighborhood pharmacies is more complicated. Faster delivery may be attractive to consumers, but independent pharmacists often provide services that are harder to replace online, including medication counseling, emergency refills and direct communication with physicians.

Amazon’s broader retail operation gives it a major advantage because delivery costs can be spread across groceries, prescriptions and millions of other products. A driver delivering medicine can also carry household goods to nearby customers, making the route more economical than a delivery system devoted to only one category.

Households should watch more than speed as the service expands. Prescription prices can vary widely depending on insurance, discount programs and pharmacy contracts, while grocery totals may differ because of fees, minimum-order requirements and product pricing.

Amazon’s latest results show that convenience is becoming one of the company’s strongest competitive tools. The next test will be whether consumers continue using rapid delivery after accounting for fees—and whether traditional pharmacies and grocers can respond before Amazon turns occasional orders into a routine household habit.

JBizNews Desk | Seattle, Washington

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited

A 35-year-old man was killed, and nine people were wounded in a car accident near the Afik Intersection along Highway 98 in the Golan Heights, Magen David Adom announced on Sunday.

The crash involved a minibus and a private car, MDA noted, with the wounded being evacuated to a hospital, including a 30-year-old man in moderate condition.

“Firefighters worked at a difficult and complex scene to rescue the trapped man using hydraulic equipment and transfer him to medical personnel,” an Israel Fire and Rescue Authority commander said at the scene. “Firefighters worked to search for additional casualties and to clear the scene.”

MDA paramedics described the crash as a “serious car accident,” noting their attempts to save the deceased victim.

“We performed medical examinations, but unfortunately his injuries were significant, and we had no choice but to declare him dead,” they said. “At the same time, we provided advanced medical treatment to nine additional injured people who were moderately or lightly injured and evacuated them to the hospital in stable condition.”

One killed, nine wounded in car accident involving minibus on Highway 98 in northern Israel, August 2, 2026. (credit: United Hatzalah Spokesperson)

Ten wounded, 17-year-old girl severely, after jeep overturns in West Bank

The crash in the North follows an accident on Wednesday involving a jeep, which overturned in the West Bank, severely injuring a 17-year-old girl and moderately wounding two others: a 15-year-old girl and a 20-year-old woman.

Seven additional female passengers were lightly wounded in the crash, which occured during a field trip, with an MDA paramedic describing the experience on scene.

“When we arrived at the scene, we noticed the jeep upside down in a ditch,” the paramedic said. “We immediately began performing initial examinations and life-saving first aid to 9 victims with varying degrees of injury and evacuated them by MDA-Rescue Air helicopter with intensive care units and ambulances together with IDF medical forces to hospitals.”

Another MDA paramedic noted the critical condition of the 17-year-old victim, saying she suffered “multiple systemic injuries.”

“After we rescued her, we provided her with life-saving medical treatment that included anesthesia and ventilation and evacuated her by MDA-Rescue Air helicopter to the hospital in critical condition,” he said.

This post was originally published on here. 

Over the weekend, it appears that Syria, Saudi Arabia, Jordan and Kuwait may be increasing pressure on Iraq to rein in the Iranian-backed militias in Iraq. This is important because the militias have attempted to hijack the country and use it as a springboard for attacks on Iraq’s neighbors. Over the last week of July, the militias attacked Saudi Arabia, threatened Syria, and likely also attacked the Kingdom of Jordan.

The larger story is that Iraq is at a crossroads. The country borders Iran, and it has a large Shi’ite population that is connected to Iran in some ways. For instance, this week is the Arbaeen Shi’ite pilgrimage. Large numbers of people are coming from Iran to Iraq. Arab News noted that “It is one of the world’s largest religious gatherings, with millions flocking each year to Iraq to visit the city of Karbala, where Hussein and his brother Abbas are buried.” The report notes “this year’s pilgrimage comes amid a war launched by a US-Israeli attack on Iran on February 28, which has not left Iraq unscathed. The war erupted only weeks after Iranian authorities cracked down on widespread anti-government protests triggered by the high cost of living in a country enduring harsh US economic sanctions.”

Iranian-backed militias in Iraq targeted Saudi Arabia in several rounds of attacks in July. Why did they choose late July to do this? In part because Iraq’s new prime minister, Ali al Zaidi, had traveled to the US and then returned to Baghdad, then traveled to Iran and Turkey. He was scheduled to go to Saudi Arabia. However, the attacks sabotaged the visit. Saudi Arabia and the US responded to the attacks with strikes across Iraq, killing Shi’ite militia members. The militias then threatened to retaliate for the strikes if Iraq did not respond.

This is how the militias dictate policy in Iraq. These militias are mostly sanctioned by the US. They include Kataib Hezbollah, Asaib Ahl al-Haq, Harakat Hezbollah al-Nujaba, and others. The largest militia is called Badr. It is the only major militia not sanctioned by the US. Badr forms a key component of the Popular Mobilization Forces, a paramilitary group that includes many of the militias. This complex bureaucratic system enables the militias to hide behind the state after they carry out attacks. Any attacks on the militia bases are seen as a direct attack on Iraq. As such, the militias act as a kind of Hezbollah in Iraq, but also are part of the government and security forces. This makes it hard to uproot them.

Iraq’s prime minister has been pressured by the US to disarm the militias. US forces are supposed to withdraw from Iraq by the end of September. The US sent forces to Iraq in 2014 to help the country fight ISIS. If the US leaves and the militias are not disarmed, Iran will think this is a win. Iran has already carried out 1,000 attacks on the Kurdistan Region of Northern Iraq. Some of the attacks were carried out by the militias.

Smoke seen following reported missile launch from Iran toward Jordan, July 22, 2026. (credit: SECTION 27A COPYRIGHT ACT)

Now it appears that Arab countries are willing to pressure Iraq to rein in the militias. An Iraqi security source told Rudaw media in Iraq on August 1 that “Jordan, Kuwait, and Syria have officially informed the Iraqi government that they will respond if attacked by armed factions.” The report added that “the Iraqi government is currently holding intensive talks with Jordan, Kuwait, and Syria. Baghdad is seeking to reassure these three countries and has pledged to do everything in its power to prevent any attacks on their territories.”

Iraqi Prime Minister Zaidi tries to mediate tensions following Iranian strikes on neighboring countries

Iraq’s prime minister said that the country would not be used to threaten others. Al-Arabiya noted that Prime Minister Ali Al Zaidi said: “We will not allow any aggression from our lands against neighboring countries.” This is a good message. It dials down the tension with Saudi Arabia that had grown over the last week. Instead of threatening Saudi Arabia, as Iraqi politicians had done in late July after the Saudi Arabia and US strikes, the prime minister is seeking to send the right message. However, he has not disarmed or reined in the militias. This means that more needs to be done.

Meanwhile, the “Commander-in-Chief of the Iraqi Armed Forces emphasizes preventing any threat emanating from Iraq toward neighboring countries,” Al-Arabiya also noted. Saudi Arabia’s Elaph media also reported that “an official Jordanian source said that the Kingdom informed Iraq that it would strike pro-Iranian militias on its territory if they attacked Jordan.” This report said that the source had also told Al-Arabiya that “we expect Iraq to take measures to stop these militias.”

Elaph added that “the Jordanian position came a day after a Saudi official source announced on Friday that the strike carried out by the Kingdom in Iraq came after exhausting all political and diplomatic measures, and exercising the utmost restraint during the past months. The official Saudi news channel, Al-Ekhbariya, quoted the source as saying that “the Kingdom is keen on its relationship with Iraq, both government and people, and that the air strike was not directed against the Iraqi government.”

It remains to be seen if Kuwait, Jordan, Syria and Saudi Arabia will keep up the pressure. 

This post was originally published on here. 

When we addressed the United Nations Security Council together, one Palestinian and one Israeli, we made a straightforward case: Hamas must relinquish its weapons, an International Stabilization Force must deploy, and reciprocal confidence-building measures must move both peoples away from perpetual war. Neither people can achieve lasting security through the permanent insecurity of the other.

This week’s announcement that Hamas has accepted a roadmap for relinquishing its weapons creates the most important opening yet to test that proposition.

It is an achievement worth recognizing. President Trump’s 20-Point Plan provided the framework; the United States, Egypt, Qatar and Türkiye sustained difficult mediation; and the Board of Peace kept the process alive through months of mistrust.

The central implementation challenge is now whether Israel will also accept the Roadmap and whether both sides will carry out their respective commitments. Its success will depend on turning those commitments into reciprocal and verifiable action rather than allowing disagreements over sequencing to become a source of paralysis.

Disarmament must be reciprocal and verifiable

The first mistake would be to treat disarmament as a ceremony with a deadline. In every serious transition, disarmament has been a political and security process, not simply an exercise in collecting weapons.

Palestinian Hamas terrorists stand guard at a site as Hamas says it continues to search for the bodies of deceased hostages, in Beit Lahiya in the northern Gaza Strip December 3, 2025. (credit: REUTERS/STRINGER)

Northern Ireland’s decommissioning took years and succeeded because an independent international commission created a trusted, face-saving mechanism through which weapons could be placed beyond use. In Colombia, phased weapons handover was paired with United Nations verification, transitional arrangements and reintegration into civilian and political life. In Kosovo, the withdrawal of Yugoslav forces and the demilitarisation of the Kosovo Liberation Army were synchronized under a third-party security presence.

The lesson is not that Gaza should copy these cases. It is that irreversible steps require reciprocal movement, credible guarantees and trusted verification.

Benchmarks must therefore matter more than dates. A serious verification mechanism should define compliance, establish chain-of-custody procedures for weapons, and monitor tunnels, production capacity, illicit financing and arms flows. It also needs rapid channels for investigating incidents, resolving disputes and responding to persistent violations.

Reintegration and civilian recovery

The second mistake would be to demand disarmament without offering a viable exit from armed life. Hamas commanders and those responsible for grave crimes must face justice. But rank-and-file members prepared to renounce violence, coerced personnel and civil servants require differentiated and carefully vetted pathways.

Safe surrender, screening, rehabilitation, education, livelihoods and individual reintegration are not rewards for militancy. They are tools for preventing remobilization. Disarmament is substitution as much as subtraction: lawful institutions must replace the income, status, services and protection that armed networks provided. Any integration must be individual, accountable and subordinate to unified civilian command, not a rebranding of armed structures that preserves their autonomy.

Third, the National Committee for the Administration of Gaza and the International Stabilization Force must be enabled to begin work quickly. Their legitimacy will not come from their names, sponsors or mandates alone. It must be earned through performance.

Gazans need safer streets, functioning water and electricity, reopened schools and health services, rubble removed, homes repaired and jobs created. Israelis need the same architecture to provide credible, independently verified protection against rearmament and renewed attack. Civilian recovery and Israeli security are not competing tracks. Each is necessary to make the other sustainable.

The role of the International Stabilization Force

The ISF should be politically led and supported by robust civilian, policing and military capacities. It needs a precise mandate, clear limits and the ability to protect civilians, facilitate humanitarian access and oversee agreed security arrangements.

The mission must also be temporary, conditions-based and designed from the outset for the earliest responsible handover to legitimate Palestinian institutions. It should be only as international as necessary and as Palestinian as possible. A force perceived as a new occupation will fail, however well equipped it may be.

Fourth, regional engagement must move from endorsement to machinery. The United States and the mediators should remain active guarantors. Jordan, Saudi Arabia, the United Arab Emirates, the European Union and other partners should be incorporated into a structured framework for financing, border arrangements, deconfliction, monitoring and political support.

Standing channels involving Israel, the Palestinian Authority, Egypt, the NCAG and the ISF will be needed to prevent local incidents from escalating into strategic breakdowns. Regional actors should also help close weapons and financing routes while directing reconstruction through transparent mechanisms, Palestinian institutions and local procurement.

Finally, Gaza cannot be stabilized as an island. A process that rebuilds Gaza while the West Bank is economically strangled, fragmented by settlement expansion and exposed to escalating settler violence will lose Palestinian legitimacy and eventually undermine Israeli security.

Withheld Palestinian revenues must be released, correspondent banking services protected, and the Palestinian Authority supported as it advances reform, renews its leadership and restores its ability to govern.

This is not an argument for postponing security until every political question has been resolved. It is an argument for making security durable by giving every party a stake in the order that replaces war.

Israelis need proof that Hamas’s military capacity is being dismantled and cannot regenerate. Palestinians need proof that disarmament will not produce permanent occupation, or political erasure. Gazans need to experience recovery as a daily reality, not a distant promise. Israelis need to experience safety without the threat of Hamas regrouping.

The Roadmap can still fail. Spoilers will test it, electoral politics will narrow room for maneuver, and every delay will deepen suspicion. But failure is not preordained.

This opportunity should not be romanticized. It should be operationalized, and it must not be missed.

More than 550 Israeli and Palestinian leaders in our Uniting for a Shared Future coalition have spent the past two years working across profound mistrust and hardened public opinion to identify workable steps towards a new era of stability and security. We have consistently called for the disarmament of Hamas and other non-state armed groups and a credible political horizon connecting Gaza and the West Bank. These are not concessions one people makes to the other. They are in the fundamental self-interest of both Israelis and Palestinians, because neither can secure its future through the continued insecurity of the other.

Hiba Qasas is a political strategist and international mediator, Founding Executive Director of Principles for Peace and Convenor of the Uniting for a Shared Future coalition. Nadav Tamir is Executive Director of J Street Israel and a former Israeli diplomat.

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Iranian authorities are concerned that intelligence agencies could use audio files to track Iran’s Supreme Leader Mojtaba Khamenei’s location, according to an article published on Sunday by the Tehran Municipality-affiliated Iranian daily Al-Mashhari.

In a post on its Telegram channel, Al-Mashhari claimed the fears explained why no audio recordings of Khamenei have been released.

The newspaper outlined five ways a recording could potentially reveal where he was located.

First, every enclosed space has a unique acoustic signature that can provide precise information about the room in which the speaker is located, the newspaper said.

Second, interference from the electrical grid can be used to determine the date and exact time a recording was made, as well as the specific section of the power grid connected to the recording site.

Satellite imagery from an alleged Israeli strike on the bunker where Iranian Supreme Leader Ali Khamenei is being guarded. (credit: FAIR USE UNDER ISRAELI COPYRIGHT LAW, ARTICLE 27A)

Each microphone and recording device also leaves a unique imprint on an audio file. Mobile phone microphones, for example, weaken low frequencies, while inexpensive components produce distinctive harmonic distortion that can serve as a fingerprint for the device.

Equipment noise, speech patterns could be used to locate Khamenei

Noise from ventilation systems, generators, cooling equipment, or other technical equipment at the site could also help intelligence agencies identify its location.

Finally, the newspaper claimed that the resonance of the speaker’s voice could reveal his breathing patterns, pauses between words, physical condition, heart rate, and stress level.

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Berkshire Hathaway’s Class B shares closed Tuesday at $512.37, their strongest finish since November 28, when they ended the session at $513.81. The Class A shares closed the same day at $768,010, also the highest close since late November, when they finished at $770,100. The move capped a roughly 3% single-day gain and left the conglomerate at an eight-month high.

Both classes gave back a little ground by week’s end. The B shares finished Friday at $511.54, about 5.2% below their record close of $539.80 set on May 2, 2025 — the day before Warren Buffett told shareholders he would hand over the chief executive role at the end of that year. The A shares closed Friday at $766,600, roughly 5.3% under their all-time closing high of $809,350.

The rally arrives as Berkshire narrows a gap with the broader market that looked far wider only weeks ago. The Omaha conglomerate still trails the S&P 500 by about 7.6 percentage points for 2026, but that deficit stood at 17.5 percentage points two months ago, meaning more than half of the shortfall has been erased since late spring. Berkshire also continues to lag listed comparables in two of its core businesses: Union Pacific, the closest public proxy for the BNSF railroad, has gained roughly 30% this year, and property-casualty insurer Chubb has posted a substantially larger advance than Berkshire as well.

Tuesday’s jump followed a price-target increase from UBS analyst Brian Meredith, who kept a buy rating and lifted his Class B target to $585 from $570 and his Class A target to $877,848 from $854,596. Meredith raised his 2026 and 2027 operating earnings estimates by 1.3% and 0.8%, to $21.05 and $21.32 per B share, pointing to better results at BNSF and lighter catastrophe losses during the second quarter. He pegs Berkshire’s intrinsic value at close to $800,000 per Class A share, roughly 5% above where the stock has been trading, and describes the shares as sitting at about an 8% discount to that figure.

The bigger driver behind the estimate revisions was buybacks. Meredith built his forecasts around assumed repurchases of $8.6 billion, up sharply from the $1.5 billion he had previously modeled, after a review of Buffett’s July ownership filing suggested Berkshire had been buying its own stock aggressively during the April–June stretch. Barron’s analysis of the share-count decline — roughly 11,000 Class A equivalent shares between mid-April and mid-July — produced an estimated range of $5 billion to $11 billion, with about $8.5 billion the most frequently cited midpoint. None of it is confirmed. The company’s own tally will not be public until the quarterly report lands.

That would mark a decisive shift under chief executive Greg Abel, who took over from Buffett at the start of the year. Berkshire repurchased only about $235 million of stock in the first quarter, an almost invisible sum for a company with a market capitalization above $1 trillion and its first repurchase activity after seven straight quarters of none. Abel has also been deploying capital elsewhere: the Taylor Morrison Home acquisition closed during the second quarter, and Berkshire announced on June 1 that it had agreed to buy $10 billion in Alphabet shares directly from the company to help fund AI buildout. Net cash and Treasury bills stood at roughly $380 billion at the end of March.

The equity portfolio has done its share of the work. Apple, still Berkshire’s largest holding at more than $70 billion, is up 13.6% year to date. Coca-Cola, the third-largest position at about $35 billion, has climbed 25% and raised its full-year outlook after beating expectations last week. Bank of America, the fourth-largest stake at nearly $32 billion, has gained 12.6%. The overall marketable equity book is approaching $360 billion.

There are offsets analysts are watching. UBS expects GEICO’s underwriting margins to keep compressing as the insurer chases growth through flat-to-lower rates and heavier advertising, forecasting a combined ratio near 88.3% against 83.5% a year earlier. Reinsurance premiums are seen rising about 5%, helped by a new quota-share arrangement with Tokio Marine, while pricing competition weighs on growth elsewhere in the insurance group. BNSF faces a modest fuel-cost headwind this quarter before that reverses.

Second-quarter results are expected Saturday, August 8, and will be the first full accounting of Abel’s capital allocation across an entire quarter in the chair. Consensus estimates put revenue near $95.3 billion and earnings around $5.24 per B share. The buyback line, more than the earnings line, is what most holders will turn to first.

JBizNews Desk | Omaha

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California Gov. Gavin Newsom announced Friday that California’s minimum wage would increase to $17.40 an hour beginning in January 2027.
At the same time, Newsom criticized the Trump administration and Republicans over the national minimum wage rate, which has been set at $7.25 an hour since 2009.
Congress has not voted to increase the federal minimum wage since July 2009, although several bills have been introduced. One percent of the workers in the country earn the federal minimum wage of $7.25 an hour, according to the most recent data from the U.S. Bureau of Labor Statistics.
“For years, Donald Trump and Republicans have blocked efforts to raise the federal minimum wage while handing tax breaks to billionaires and big corporations,” Newsom said, according to a press release. …

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Appearing on political commentator Hasan Piker’s streaming program on Friday, author and political scientist Norman Finkelstein discussed the central arguments of his new book, Gaza’s Gravediggers: An Inquiry into Corruption in High Places, while challenging official accounts of the October 7, 2023, attacks.

During the interview, Finkelstein pointed to recent research by Israeli legal analyst Dr. Cochav Elkayam-Levy, noting that her reporting references an archive of 10,000 photographs and digital segments from the day of the attacks.

Finkelstein challenges evidence of sexual violence

“The most recent report that came out by an Israeli Dr. Cochav Elkayam-Levy, she says, ‘We have 10,000 photographs and digital segments from October 7th.’ 10,000,” Finkelstein said. “She also says it would take 1,800 hours to go through all of that digital and photographic evidence from October 7th.”

Calculating the time required for a single researcher working continuously, Finkelstein emphasized the scale of media captured via CCTV, traffic cameras, personal smartphones, body cams, dash cams, and GoPro cameras worn by militants. He stated that given an archive of that magnitude spanning a confined geographic area, verifiable material could not easily escape notice.

“If you do the simple calculation… if you were a single researcher and you were working eight hours a day every day of the week including weekends… it would take more than seven months,” Finkelstein said. “As a first approximation, you could say not much could have escaped the collective lens of 10,000 photographs and digital segments… So now, where was the digital a day every day of the week, including weekends… it would take more than seven months,” Finkelstein said. “As a first approximation, you could say not much could have escaped the collective lens evidence? There isn’t one.”

Asserting that the archive contains no media backing allegations of sexual assault, Finkelstein added: “I hope your viewers will hear this, your listeners: there is not one single frame of Hamas committing rape or sexual violence. Bear in mind, there’s not only just an absence of any digital evidence… not one single frame of rape, not one of sexual violence, not one frame.”

Addressing arguments that militant groups might have suppressed such recordings, Finkelstein countered by referencing claims that factions actively distributed other graphic material to terrify Israeli society. He argued that an archive meant for intimidation would not omit such imagery if it existed.

“She says that Hamas instrumentalized all this digital evidence to terrorize Israeli society; they purposely posted horrific pictures on their social media… So if Hamas had any pictures of sexual violence or rape, she’d have posted it,” he explained.

“According to her, that’s what she said: ‘They were purposely posting horrific images to terrify and terrorize Israeli society. They didn’t post anything. So what is the only, in my opinion, what’s the only possible conclusion? If they didn’t post any, it’s because they didn’t have any such images. And if they didn’t have any such images, it’s because it never happened.'”

Finkelstein draws a historical parallel

The discussion of the digital archive coincided with Finkelstein’s broader framing of the October 7 attacks in his new publication. In the book, Finkelstein draws an explicit historical parallel between the events of October 7 and Nat Turner’s 1831 slave revolt.

Referencing 19th-century abolitionists who opposed slavery while reacting to the bloodshed of the rebellion, Finkelstein argues that acts of mass violence carried out by oppressed populations must be understood within the context of systemic confinement and a total lack of alternative avenues for liberation.

Elkayam-Levy responds to Finkelstein’s claims

In a statement to The Jerusalem Post responding to Finkelstein’s claims, Dr. Cochav Elkayam-Levy said: “History has a way of isolating those who deny documented atrocities. Their voices may be loud today, but they will remain at the margins of history. Our responsibility is to continue sharing the stories revealed in Silenced No More, preserve the truth, honor the victims, and ensure accountability.”

“After two years of investigation, the Civil Commission reached an unequivocal conclusion: Hamas and its collaborators used sexual and gender-based violence as a systematic and integral part of the October 7 attacks and against hostages in captivity. Drawing on an unprecedented body of evidence, including survivor and eyewitness testimony, first responder accounts, authenticated visual documentation, and other primary sources, the Commission documented recurring patterns of rape, sexual torture, genital mutilation, forced nudity, postmortem sexual abuse, and other forms of conflict-related sexual violence.”

“These findings, preserved in a secure war crimes archive and supported by leading experts in international law, establish an enduring historical record. The most powerful response now to denial is to share our report Silenced No More, again and again, and help ensure these crimes are never forgotten,” the statement concluded.

The full Silenced No More report is available at: https://www.civilc.org/silenced-no-more.

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A 38-year-old Jerusalem teacher regained much of her vision after surgeons at Hadassah Medical Center implanted a ring made from donated human corneal tissue to treat an advanced case of keratoconus, the hospital said.

The patient, identified as Aya, had experienced severe deterioration in her eyesight after years of living with the condition, which causes the normally round cornea to thin and bulge outward into a cone-like shape. The resulting distortion can make everyday activities, including reading, driving, and working at a computer, increasingly difficult.

Aya had previously relied on specialized rigid contact lenses, which can create a smoother optical surface over the misshapen cornea. In recent years, however, her eyes could no longer tolerate the lenses. She experienced redness, pressure, pain, and headaches and eventually stopped driving.

Her work as a high school teacher also became difficult. She struggled to use a computer for more than a few minutes and had to stand close to the board while teaching. At times, she required help navigating her surroundings.

An optometrist eventually referred her to Prof. David Smadja, director of the Refractive Surgery Unit in Hadassah’s Ophthalmology Department.

View of Hadassah Ein Kerem Medical Center in Jerusalem, July 1, 2026. (credit: CHAIM GOLDBERG/FLASH90)

Smadja recommended a procedure known as corneal allogeneic intrastromal ring segment implantation, or CAIRS. The emerging treatment uses tissue obtained from a donated human cornea to reshape and stabilize the patient’s cornea.

During the procedure, surgeons used a femtosecond laser to cut a precisely shaped segment from the donated tissue and create a channel inside Aya’s cornea. The tissue was then inserted into the channel, helping flatten the cone and produce a more regular corneal surface.

Smadja performs surgery alongside Anterior Segment Surgery Unit director

The surgery was performed by Smadja and Dr. Itay Lavy, director of Hadassah’s Anterior Segment Surgery Unit.

Synthetic plastic ring segments have also been used to reshape the cornea in patients with advanced keratoconus. Smadja said donor tissue may integrate more naturally with the patient’s cornea and could reduce some complications associated with synthetic implants.

For patients whose condition cannot be adequately managed with glasses, contact lenses, or other treatments, a partial or full corneal transplant may eventually be required. Hadassah doctors said the donor-tissue procedure could delay or, in some cases, prevent the need for a full transplant.

Patient conscious throughout procedure, noticed immediate vision improvement

Aya remained awake during the operation under local anesthesia and said she noticed a change almost immediately.

“I felt my vision improve even during the operation,” she said.

After several days of recovery, she returned to teaching, computer work, and driving. Hadassah said her vision had risen from approximately 10% before surgery to about 90% with glasses afterward. Her eye pressure and pain also subsided, according to the hospital.

“I got my independence back,” Aya said.

Published research has described CAIRS as a promising treatment for appropriate keratoconus patients. Studies have reported improvements in visual acuity and corneal shape, although researchers have said larger prospective studies and longer follow-up are needed to establish its long-term effectiveness and safety.

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A joint written submission has been presented to the Irish parliament’s Joint Committee on Foreign Affairs and Trade by the Ireland Israel Alliance (IIA) and UK Lawyers for Israel (UKLFI), raising significant legal challenges regarding proposed trade legislation.  

The submission was signed by Jonathan Turner, Chief Executive of UK Lawyers for Israel, and Jackie Goodall, Executive Director of the Ireland Israel Alliance, arguing that the legislation is incompatible with both European Union law and the General Agreement on Tariffs and Trade (GATT). 

Published as a General Scheme in June 2025, the Irish government’s Israeli Settlements (Prohibition of Importation of Goods) Bill seeks to ban imports from Israeli settlements in the West Bank and East Jerusalem. Framed as a response to the July 2024 International Court of Justice advisory opinion, the legislation aims to align state trade practices with international legal obligations.

The UKLFI and IIA submission contends that the proposed bill constitutes a “unilateral Irish measure” that is “incompatible with the EU’s Common Commercial Policy,” an area where the EU maintains exclusive competence.

Addressing the government’s reliance on the July 2024 International Court of Justice advisory opinion, the authors argue that this opinion “is not binding and is based on inaccurate information,” and further note that it “does not advise that a State must ban, or even may ban, the import of goods.”

A man holds Irish and Palestinian flags as people protest calling for governments around the world to stop arming Israel during a demonstration in solidarity with Palestinians in Gaza, amid the ongoing conflict between Israel and Hamas, in Dublin, Ireland, June 15, 2024 (credit: Clodagh Kilcoyn/Reuters)

Furthermore, the submission emphasizes that even if there had been a failure by EU bodies, “this would not justify unilateral action by Ireland within a field of exclusive EU competence,” adding that Ireland should instead “challenge their conduct in the EU Court of Justice.”

Challenge points out double standard in bill

The authors also examine potential government reliance on the “public policy” exception under EU regulations, noting that this provision can only apply where there is a “genuine and sufficiently serious threat to the requirements of public policy affecting one of the fundamental interests of society.”

They assert that it “cannot realistically be claimed” that importing goods from parts of the West Bank meets this test, pointing out that the bill would penalize “Palestinians, other nationals, and also Israelis who have not settled in the West Bank.”

To underline the inconsistency of this argument, the submission highlights a clear double standard, noting that the claim is heavily contradicted by the “lack of any prohibition on the import of goods from Western Sahara and Northern Cyprus, territories under unlawful occupation in which the occupying powers have settled large numbers of their own civilian populations.”

The authors add that, conversely, the “Irish government itself invests in companies that operate in these territories and the Irish Stock Exchange facilitates investment in such companies.”

Building on these contradictions, the report argues that far from helping Palestinians, the legislation would actually harm them economically. Israeli businesses operating in the region help enable self-determination and economic viability by employing many Palestinians in relatively well-paid jobs while actively promoting mutual understanding between their Palestinian and Israeli staff.

From an international trade perspective, the submission argues that prohibiting the importation of settlement goods constitutes a “quantitative restriction and a rejection of most-favored-nation treatment” barred under the GATT.

While analyzing the exception for measures “necessary to protect public morals” under Article XX(a) of the GATT, the authors maintain that the bill fails to satisfy the required process of “weighing and balancing” a series of factors established by WTO case law. Additionally, they caution that singling out the region alone “would constitute a means of arbitrary or unjustifiable discrimination between countries where the same conditions prevail.”

Bill may have severe secondary consequences

The authors also warn of severe secondary consequences and reputational hazards. If enacted, opponents could argue that the law’s adoption was driven by “widespread antisemitism in Ireland” rather than genuine public policy, inviting damaging international publicity and undermining broader policy objectives.

Furthermore, the legislation exposes private companies to severe international boomerang effects, drawing a direct parallel to the fallout when Airbnb attempted to delist West Bank properties and immediately faced heavy retaliatory economic sanctions from US states such as Florida, Illinois, and Texas, alongside multiple civil rights lawsuits before ultimately reversing the policy.

The IIA and UKLFI concluded their submission by offering further written and oral evidence to assist the committee in evaluating the legislation from a critical legal perspective.

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London Mayor Sadiq Khan has been reported to a standards watchdog following his recent public remarks concerning Prime Minister Benjamin Netanyahu.

Labour Against Antisemitism (LAAS) leader Alex Hearn lodged a formal complaint against the mayor under the Greater London Authority code of conduct, citing breaches relating to “objectivity, honesty and community relations,” LAAS announced on social media after an initial report given to the Telegraph.  

The complaint stems from recent comments made by Khan during an interview with Channel 4 News, where he discussed whether the UK would enforce an international arrest warrant for Netanyahu and referred to the Israeli leader as a “perpetrator of genocide.” Hearn argued that while the mayor was entitled to his personal opinions, “his claim that Mr Netanyahu was a ‘perpetrator of genocide’ had not been determined by any judge or international body.” 

London Mayor Sadiq Khan waits in Downing Street ahead of Britain's outgoing prime minister Keir Starmer making a statement in central London on July 20, 2026 (credit: OLI SCARFF/AFP VIA GETTY IMAGES)

LAAS cites GLA code of conduct

In the complaint, LAAS cited the GLA code of conduct, which “emphasizes the need to foster good relations between different communities and Londoners with different characteristics.” Hearn noted that “more than half of all anti-Semitic incidents recorded in the United Kingdom in 2025 referenced or were connected to Israel or the conflict in Gaza.”

Detailing the action in their social media posts quoting the Telegraph report, a spokesperson for Labour Against Antisemitism stated that “the mayor’s comments were not just misleading.” The group added that “in the context of racist attacks against Jewish Londoners – the majority of which invoke Israel as a pretext – they were highly irresponsible”, asserting that “his words were the opposite of community safety, for which he is responsible.”

The controversy follows broader community concerns regarding public discourse and safety for Jewish residents in the capital. Hearn asserted that “in that context, a statement by the mayor as to who is and is not welcome in London, attached to a contested and legally undetermined accusation bound up with the state of Israel, is capable of being received by Jewish Londoners as bearing on their own standing in the city, irrespective of the mayor’s intention.”

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The autonomous Kurdistan Region of Northern Iraq has been attacked by around 1,000 missiles and drones since February, when the Us and Israeli war on Iran began. This has impacted the Kurdistan region greatly, leading to deaths and injuries of dozens of people and causing energy companies to suspend operations. Now the region faces a potential new challenge as US forces may be reducing their presence.

On July 31, Amerin Zaman at Al-Monitor reported that the “US nears full withdrawal from Iraq as bases in Kurdistan Region face attacks from Iran, proxies.” The concerning report indicates that “Patriot mobile air-to-surface air-defense systems that detect and shoot down incoming missiles, drones and other airborne enemy equipment have already been removed from the military compound, the sources said, without providing further details.”

She added that “the pullout started last week and is ongoing, with the bulk of the US forces and their heavy equipment out, the sources said. ‘All’ of the Patriot anti-missile batteries had been redeployed to an undisclosed destination, they said, adding that other defensive weapons systems remained in place as of the time of publication.”

Iran could interpret any repositioning of US forces or defenses as an opportunity to carry out more strikes or pressure the Kurdistan Region. The region is a key partner and ally of the US and other countries. It is also historically stable and secure. It is one place in Iraq where people are safe from Iranian-backed militias. However, the last six months have put it in the firing line. Many Kurdish Iranian opposition groups have bases in the Kurdistan Region of Northern Iraq. This is because their members live in exile, having fled Iran over the last decades. Iran has been striking at these groups.

Reports in March that Kurds might be pressured by Israel or the US to launch a major rebellion in Iran have also led Iran to crack down. This has put the Kurds in northern Iraq in a difficult position. They want to work closely with the US, but they don’t want to find themselves exposed in this war. Reports that the US may be redeploying will feed the fears that Kurds are being abandoned again. Kurds generally say they have no friends but the mountains where they live. A long history of being backed and then abandoned has left them wary. This goes back a 100 years to attempts Kurds made at statehood back in the 1930s and 1940s. The Kurds were also betrayed in the 1970s, and in the 1980s, Kurds in Iraq faced genocide at the hands of the Saddam regime.

Iranian Kurdish fighters from the Kurdistan Freedom Party, known as PAK take part in a training session at a base on the outskirts of Erbil, Iraq. (credit: REUTERS/Stringer TPX IMAGES OF THE DAY)

Iran increases drone attacks on the region

Rudaw media in the Kurdistan region noted on August 2 that “Iran and Iran-aligned armed groups in Iraq have launched nearly 1,000 drones and missiles at the Kurdistan Region since February 28, when the US and Israel began their military campaign against Iran, according to Rudaw tracking. Tehran has also continued targeting Iranian Kurdish opposition groups based in the Region.”

The report notes that “according to Rudaw’s records, 966 one-way attack drones and missiles have been fired at the Kurdistan Region since the war began, killing 32 people and injuring around 150 others. In the past 24 hours alone, the Region has been hit by five drones – four in Sulaimani and one in Erbil.”

Attacks target Kurdish opposition groups and the US consulate in Erbil

Many attacks targeted Kurdish opposition groups and also targeted the US consulate in Erbil. The US has a large new consulate. “However, seven Peshmerga officers affiliated with the Kurdistan Regional Government, one Kurdish security officer, and two civilians have been killed in the attacks. At least 20 members of Iranian Kurdish opposition groups have also been killed,” Rudaw added.

It also noted there were new attacks over the weekend. Referencing the Al-Monitor report, it adds that this “also coincides with reports of a surprise relocation of the US Patriot and the British Rapid Sentry air defense systems, with only the C-RAM system remaining stationed. They intercepted about 75 percent of the strikes on the Kurdistan Region.”

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Lawyers for more than 8,000 people seeking to hold the Palestinian Authority responsible for harm caused by the October 7 massacre and the war that followed are expected to file written arguments with the Jerusalem District Court by the end of Sunday.

The short briefs will set out why the plaintiffs believe the PA should bear civil responsibility – and potentially be required to pay damages – for the deaths, injuries, and other harm caused by the attack and the ensuing war.

The filings are the first step in a court-ordered process aimed at answering a central question shared by thousands of separate lawsuits: whether the PA’s actions and policies can be linked closely enough to October 7 for it to be held legally responsible.

This is a developing story.

 

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Soldiers from the 401st Brigade completed their mission in southern Lebanon, destroying a total of 1,200 Hezbollah structures throughout the eight-month operation, the IDF announced on Sunday. 

The mission focused on defensive operations along the Lebanon border and offensive work within the security zone. Specifically, the troops seized weapons, destroyed hundreds of meters of underground tunnel systems, and dismantled terrorist infrastructure.

The 401st Brigade Combat Team, also known as the “Iron Tracks” Brigade, killed more than 60 Hezbollah terrorists and located over 600 weapons, including RPG rockets, anti-tank missiles, machine guns, and Kalashnikov rifles. 

“Our mission was clear: to prevent and push back the threat to Israeli civilians. This was the objective we repeated to ourselves every morning and every evening,” said Col. Yoav Schneider, Commander of the 401st Brigade.

IDF brigade killed Hezbollah terrorists, enforced security

Though the mission was an overall success, it didn’t come without a cost. Four soldiers in the 52nd battalion fell after Hezbollah struck a tank in southern Lebanon on June 21, identified as Lt.-Col. Dor Gedalia Ben-Simhon, 32, St.- Sgt. Yoav Klein, 21, St.-Sgt. Liav Kababia, 20, and St.-Sgt. Nave Habshoosh, 20.

An Israeli soldier works on a tank on the Israeli side of the Israel-Lebanon border, after Israel and Lebanon signed a framework agreement following US-mediated talks, in northern Israel, June 28, 2026.  (credit: REUTERS/Avi Ohayon TPX IMAGES OF THE DAY)

“We will always remember the brigade’s fallen, and they will remain in our hearts forever. With the loss of every fallen troop, we grieve and bow our heads. At the same time, we immediately regroup and remain focused on completing the mission to ensure that their sacrifice was not in vain,” Schneider said. 

The IDF said its activity in the region focused on protecting Israeli troops and civilians after the Lebanese terror group renewed rocket and drone attacks in March.

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Capital One has told a federal court that its 2021 decision to cut ties with the Trump Organization was driven by its anti-money laundering team, not by politics — a disclosure that shifts the terms of one of the highest-profile debanking fights in the American financial system.

In a filing submitted late Friday, the McLean, Virginia-based lender said it closed accounts belonging to President Donald Trump’s real estate company in 2021 for legitimate reasons following an internal review by its anti-money laundering unit, and asked a judge to dismiss the Trump Organization’s lawsuit accusing it of illegally debanking the company for political reasons after the January 6, 2021 assault on the Capitol. The filing marks the first time a bank has formally connected money-laundering concerns to the president’s family business.

Capital One said the closures covered more than 300 Trump-affiliated accounts and followed a months-long examination by specialists, carried out under the bank’s internal policies and federal regulatory guidance. According to the filing, transaction patterns identified during that review fell into categories flagged by federal banking guidance. The bank has been careful about the line it is drawing: Capital One has never accused the Trump Organization of illegal money laundering, and the filing frames the closures as a compliance judgment rather than an allegation of wrongdoing.

That distinction is the heart of the legal dispute. Capital One notified the Trump Organization in March 2021 that it intended to close the accounts. The company and Eric Trump, the president’s son, sued in a Florida federal court in March 2025, arguing the closures stemmed from the bank’s political posture and a desire to profit from the mood that followed the Capitol riot. The federal court in Miami has already thrown out two versions of the complaint, each time allowing the plaintiffs to refile, and Capital One argues the latest amended version filed in July repeats the same defects as the earlier two. The bank also called the allegations of political pretext misguided and said they rest on selectively chosen excerpts stripped of the surrounding record.

For the banking industry, the case matters well beyond one customer. Compliance officers at large institutions routinely close accounts they judge to carry elevated risk, and they generally do so without explaining themselves — a practice regulators have long encouraged and that leaves the customer with no clear account of what happened. Debanking litigation forces those decisions into open court, where a bank must either defend the compliance rationale on the record or leave the political explanation unrebutted. Capital One has chosen the first path, and in doing so has put its own AML process on display.

The political context has hardened considerably since the closures. Trump signed an executive order in August 2025 barring financial institutions from denying services to customers on political or religious grounds. In January, the president filed a separate suit against JPMorgan Chase making similar debanking claims. JPMorgan has acknowledged in its own court filing that it informed the plaintiffs in February 2021 that certain commercial and private bank accounts would be closed. The president’s history with Capital One runs further back: he sued the bank alongside Deutsche Bank in 2019 in an effort to block them from turning over financial records to congressional investigators.

Neither side offered public comment. The Trump Organization and Capital One did not immediately respond to requests for comment.

The stakes for Capital One extend past this docket. The bank spent much of the past two years absorbing Discover Financial and building out a card and deposit franchise that now competes directly with the largest institutions in the country, and it operates under the same federal supervision that produced the guidance it now cites in its defense. Winning dismissal on compliance grounds would set a useful marker for lenders facing similar suits: that documented AML process, properly papered, is a defensible answer to a political-discrimination claim.

Losing, or being forced into discovery over how the review was conducted, would point the other direction — toward a environment in which every closure decision carries litigation risk and banks must weigh compliance instincts against the possibility of explaining themselves to a jury. Smaller institutions, which lack the legal budgets of a top-ten lender, would feel that shift first.

The Miami court has not ruled on the dismissal motion. Given its handling of the first two complaints, another round of amendment remains possible.

JBizNews Desk | New York

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British Airways parent International Airlines Group cut its 2026 flight-capacity outlook Friday, signaling fewer seats than previously planned as elevated fuel costs and Middle East disruptions reshape international travel schedules.

IAG now expects passenger capacity to remain roughly flat compared with 2025, reversing an earlier forecast for growth of nearly 3%. Capacity measures how many seats an airline offers and how far those seats are flown, making the reduction an important indicator of how much travel inventory consumers can expect.

Fewer seats do not automatically mean fewer flights on every route. Airlines can reduce capacity by suspending destinations, flying smaller aircraft, trimming frequencies or shifting planes toward markets where demand and ticket prices are stronger.

For travelers, however, the result can be similar: less competition for available seats and greater risk of higher fares during holidays, school breaks and other heavily traveled periods.

IAG owns British Airways, Iberia, Aer Lingus, Vueling and LEVEL, giving the decision potential consequences across major routes connecting the United States, Britain, Spain, Ireland and other European markets.

Middle East instability has forced airlines to cancel flights, avoid certain airspace and operate longer routes. Those changes can increase fuel consumption, crew expenses and aircraft time even when the passenger’s origin and destination are outside the conflict zone.

Fuel and emissions costs reached approximately €2.22 billion during the second quarter, nearly 23% higher than a year earlier. Across the first half, those expenses rose to about €3.96 billion as higher jet-fuel prices outweighed some protection from hedging and favorable currency movements.

IAG now expects its full-year fuel bill to total between €8.3 billion and €8.6 billion, depending on oil prices and market conditions during the remainder of the year.

Management said it believes approximately 60% of the added fuel burden can be recovered through a combination of higher ticket revenue and lower operating costs. That does not mean fares will rise by the same percentage, but it shows that passengers may ultimately absorb part of the expense.

Airlines use several methods to pass through higher costs without announcing a broad fare increase. They can reduce the number of discounted seats, charge more for last-minute bookings, raise prices on heavily traveled routes or increase revenue from seat assignments, checked bags and other optional services.

Premium travelers may provide IAG with more pricing power. British Airways reported particularly strong demand in premium cabins and on several long-haul routes, including transatlantic service and flights to parts of Asia.

Some passengers traveling between Europe and Asia have also shifted away from Gulf connecting hubs because of regional disruptions. That has benefited British Airways on selected routes through London, even as the broader conflict raised costs and forced changes elsewhere in the network.

Second-quarter group revenue edged up 0.2% to approximately €8.88 billion, but operating profit before exceptional items fell 16% to €1.41 billion. Net profit declined to €732 million from €1.13 billion a year earlier.

Those results show the pressure created when an airline cannot quickly pass every added expense to travelers. Fuel costs can rise within days, while many tickets were sold months earlier at prices based on lower operating assumptions.

Airlines also face limits on how much they can raise fares before passengers postpone trips, choose a competing carrier or select a less convenient itinerary. The ability to recover costs therefore varies widely by route and travel period.

Travelers with flexible schedules may still find lower fares by avoiding peak departure times, comparing nearby airports and checking itineraries across several IAG carriers. A British Airways flight may be priced differently from an Iberia or Aer Lingus itinerary even when the overall trip is similar.

Booking early can become more valuable when capacity is restricted, particularly for families requiring several seats on the same flight. Waiting for a last-minute discount carries greater risk when airlines are offering fewer seats than previously expected.

Consumers should also compare the complete trip price rather than the base fare alone. Baggage charges, seat-selection fees, airport transfers and overnight connections can erase apparent savings on a cheaper itinerary.

IAG said it remained approximately 57% booked for the rest of 2026, providing substantial visibility into demand. Strong advance bookings could make the group less willing to discount remaining seats if capacity stays constrained.

The next major test will come during the late-summer and year-end travel periods. If fuel prices remain elevated while airlines continue limiting schedules, consumers may encounter a market with fewer bargain fares even where overall travel demand begins to soften.

JBizNews Desk | London, United Kingdom

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Longtime Magazine contributor Rabbi Moshe Taragin is an educator at Yeshivat Har Etzion, founded in 1968 to foster the love of God, of learning Torah, and of the people and the Land of Israel. 

Author of To Be Holy But Human and Reclaiming Redemption, he has written another book during these past three years of war. Through the prism of contemporary events, it reexamines questions of faith, identity, peoplehood, and redemption as the Jewish people speed up the return to their homeland from all over the world. 

The following excerpts from Reclaiming Redemption Vol. II: Faith, Identity, Peoplehood, and the Storms of War offer a glimpse into the book’s attempt to place today’s challenges within the broader sweep of Jewish history and Torah.

Recovering a lost voice

History has turned. In the lead-up to the end of time, humanity has slowly recovered its divine image and is gradually readying itself for redemption. 

Over the past 500 years, humanity has yanked itself out of the shadows and launched major revolutions advancing the human condition.

RECLAIMING REDEMPTION,  VOL. II:  FAITH, IDENTITY, PEOPLEHOOD AND THE STORMS OF WAR By Moshe Taragin (credit: screenshot)

Science has equipped humanity with the tools to better understand and improve its world. Through its moral instinct, humanity has discovered democracy and has crafted civil societies to protect the dignity of man.

Are we ready to inspire? 

In some ways, the world is inching closer to a state of “readiness” to be inspired by God through Am Yisrael.

Are we ready? 

Are we capable of reclaiming our universalist voice? 

Have we forgotten that every single person possesses this divine image and divine potential – and that it is our duty to inspire them? 

After 2,000 years of turning inward, can we now also turn outward without diluting our inner world? 

This shift of consciousness and of national identity may take time. However, it is a crucial shift for history to continue its moral and religious evolution.

Holding on to faith

The Holocaust left our people with profound, agonizing questions that remain unanswered to this day. Our current trials, too, have shaken us, leaving us grappling with uncertainty.

One day, the answers will come. Until that day, we hold on to faith. We search for those who embody resilience, who illuminate the path of belief through their unwavering trust. 

We listen for the echoes of Jewish faith reverberating through history, drawing strength from those who came before us.

We remain loyal to them, summoning the faith that they carved out and that they expect from us. And in that strength, we find the courage to continue.

We often assume that faith is rooted in grand ideas articulated by great thinkers. We search for answers in philosophy and theology, believing that ideas alone can sustain belief. 

But faith, at its core, does not arise from abstract concepts but from people. 

It is not ideas that move us, but those who live and embody them. Ideas don’t move people; people move people. In moments of crisis, uncertainty and perplexity, we do not cling to theories; we hold fast to those who have passed faith down to us, drawing strength from their presence and example.

Exile among hostile nations 

Condemned to live among hostile nations determined to undermine our faith, we not only survived, but transformed the world into a vessel of monotheism, preserving the presence of Hashem on this Earth.

This endurance should fill us with confidence. The mesiras nefesh (“sacrifice”) of Am Yisrael over the past 2,000 years should infuse our tefillot (“prayers”) with both pride and anticipation. Our prayers must weave together the raw, desperate pleas of an underserving heart with the steadfast confidence earned through millennia of mesiras nefesh.

If this is true after 2,000 years of galus (“exile”), it is all the more so after the past two years. 

The child who cannot be cast out

The image of a ben sorer u’moreh (“stubborn and rebellious child”) reminds us that even in our rebellion, we remain Hashem’s children… By referring to us as having a lev sorer u’moreh (“stubborn and rebellious heart”), the Prophet Jeremiah offers a deeply compassionate perspective on Jewish failure. Though the image may sound harsh and castigating, it pulses with ahavas Yisrael (“love for our fellow Jew”): No matter how far we stray or how rebelliously we behave, a child can never be severed from the parent. Even in our failings, our bond with Hashem as our Father remains unbroken.

How did we survive? 

How did we pull off this miracle? What tools did Hashem empower us with to outlast this historical struggle?… 

Our nation was selected by Hashem because of two national tendencies. Firstly, we possess an uncanny ability to process supernatural information, such as Torah and prophecy. Secondly, we are a very stubborn people, unwilling to listen to others or bend in the face of adversity.

During the first 1,300 years of Jewish history, our stiff-necked stubbornness repeatedly sabotaged us. However, once we entered our dark galus, everything changed. Our national shortcomings became our forte. 

Facing a hostile world, we refused to abandon our ancient faith and our ancient traditions. [Despite distortions of] our Torah [ascending] to the forefront of the historical stage, we were not dispirited, clinging to our faith in the divine voice we alone heard at Sinai.

And our stubbornness prepared us for one final epic act of heroism. 

Having recovered from the Holocaust, the greatest horror to ever plague humanity, we were immediately tasked with returning to our homeland and rebuilding it in the face of unending hostility and international disapproval.

A nation of lesser valor and of lesser intransigence could not possibly have survived the darkness of the past 2,000 years.

RECLAIMING REDEMPTION, VOL. II: FAITH, IDENTITY, PEOPLEHOOD AND THE STORMS OF WAR
By Moshe Taragin
Kodesh Press
663 pages; $30

This post was originally published on here. 

The deadly confrontation in Tell near Nablus last week and the conflict that followed have intensified competing claims over settler violence and Palestinian attacks, while raising a broader question: how much further can the West Bank deteriorate before localized confrontations develop into a sustained uprising in the form of an intifada? 

The precise sequence of events at Tell remains hotly contested. 

Palestinian accounts said armed settlers entered the area surrounding Tell, southwest of Nablus, and confronted residents. During the encounter, a Palestinian seized a weapon from one of the Israelis and opened fire. Israeli soldiers then became involved. Four Palestinians and two Israeli soldiers were killed. 

Israeli accounts characterized the incident as a terrorist attack and emphasized that Palestinians had taken possession of a firearm and used it against Israelis. Publicly available videos documented parts of the confrontation but did not conclusively establish who fired every shot or the sequence leading to each fatality. 

Naomi Kahn, director of the International Division at the Israeli land-use advocacy group Regavim, cautioned that her assessment was based only on publicly available information. She nevertheless argued that initial allegations against settlers often receive greater attention than later information complicating the original account. 

ISRAELI SECURITY forces operate during a raid in the West Bank city of Nablus, May 3, 2026.  (credit: NASSER ISHTAYEH/FLASH90)

“It comes onto the screen with a roar, and it goes off the screen with a whimper,” Kahn told The Media Line. 

Simcha Rothman, an Israeli lawmaker, similarly argued that the classification of an incident can determine the wider narrative. 

“We do not count as victims of terrorism people who went out to attack others and died as a result of self-defense,” Rothman told The Media Line. 

He said Palestinians who attacked Israelis, seized a weapon, and were subsequently shot could still be recorded in international databases as Palestinian fatalities connected to settlers. Rothman described the wider discourse surrounding settler violence as “a blood libel and wild lies,” he said. 

Tell clash tests efforts to prevent wider West Bank violence

Nidal Foqaha, a Palestinian political analyst, disputed the idea that Tell could be understood separately from the conditions surrounding it. He described the incident as a foreseeable result of settlement expansion, agricultural outposts and pressure on Palestinian land and livelihoods. 

“Unfortunately, this is the result of the Israeli government’s ongoing policies on the ground, particularly the expansion of the settlement project through the many farms spread across the Palestinian territories, mainly throughout Area C. It has now started expanding into Area B and probably even Area A,” Foqaha told The Media Line. 

“This policy, which is linked to violent and terrorist behavior by radical Israeli settlers in the West Bank, has created enormous despair and frustration among Palestinians. As a result, we witnessed what happened on Friday in Tell,” he asserted

“Palestinians have found themselves losing their sources of livelihood, including their land, olive trees, sheep, and cattle,” Foqaha said. “This situation resulted in this explosion. Unfortunately, it was expected. Anyone looking at the reality on the ground and what is happening in the West Bank would have expected that it would come one day,” he claimed.

Abdallah Abu Rahma, director general of Popular Action and Resilience Support at the Colonization and Wall Resistance Commission, said Palestinian residents were initially unarmed and inside the village when the Israelis approached. 

“The Palestinian citizens in Tell were not armed. They were on their own land and inside their homes,” Abu Rahma said. “They did not go to the settlers. They were in their homes. The settlers were the ones who came to them.” 

He acknowledged that a Palestinian later took possession of a weapon but disputed the interpretation that the man intended to carry out a premeditated attack. 

“It is clear that Farouq was running away from them,” Abu Rahma said. “Farouq then managed to throw away the weapon he had taken because he did not want to carry out any operation. He went to surrender himself to the army,” he added. 

Israeli accounts maintain that the seized firearm was used against Israelis, and the public material does not resolve every stage of the encounter. 

The territorial status of the area is also disputed. Kahn placed the confrontation “more or less on a seamline between Area C” and “Area B.” Under the Oslo framework, Area C remains under full Israeli civilian and security control, while in Area B the Palestinian Authority(PA) administers civilian affairs and Israel retains security authority. Several international outlets, however, located the event in Area A, where the PA holds civilian and security responsibility. 

Rothman argued that unauthorized entry into an area does not justify violence against the person who entered. 

“Israeli Arabs, citizens of Israel, enter Area A all the time,” he said, noting that many travel there to shop. “There is a subtext that says that if you are Jewish, there are areas you are forbidden to enter.” 

Beyond the legal dispute, the four interviews produced sharply different assessments of why armed civilians approached the village, how the military responded and whether Israeli security forces apply the law impartially. 

Abu Rahma argued that the distinction between settlers and the military has become increasingly blurred since October 7, 2023, as reservists and members of local security units were mobilized. 

“Today, the role of the army and the settlers is comprehensive. In previous stages, we used to say that the army protected the settlers during their attacks. But today, what we see is that the army participates in the settlers’ attacks,” he claimed.

Israelis who attack Palestinians are ‘small handful’

Kahn rejected the characterization of settler violence as an organized campaign. She acknowledged that some Israelis attack Palestinians but described those involved as “a small handful of generally very young people,” including minors who have left conventional family and educational frameworks and sometimes also confront the IDF. 

“It’s not an organized anything,” she said. “It’s a collection of troubled teens,” she added. 

Kahn estimated that fewer than 0.2% of the Israeli population living in Judea and Samaria/The West Bank had participated in such confrontations. She described genuine attacks against Palestinians as “deplorable” and said those responsible should be investigated and prosecuted, but rejected using those cases to characterize the broader Israeli population in the territory. 

The UN Office for the Coordination of Humanitarian Affairs (OCHA) has documented a sustained rise in incidents involving Israeli settlers that resulted in Palestinian casualties or property damage, including physical assaults, damage to homes and vehicles, livestock theft, destruction of agricultural land and restrictions on access to water and grazing areas. 

Regavim disputes how those incidents are categorized. Its 2025 report, False Flags and Real Agendas, examined 8,332 incident entries used in an OCHA dataset covering January 2016 through April 2023. The organization argued that the database combined deliberate attacks by Israelis with acts of self-defense, administrative enforcement, confrontations involving Israeli security forces, and Palestinians injured or killed while carrying out attacks or alleged attacks.

It cited OCHA’s definition, which says its data “also includes Palestinians killed or injured during attacks or alleged attacks they perpetrated against Israeli settlers.” Regavim acknowledged that Israelis sometimes commit violence against Palestinians and said such cases merit condemnation and prosecution. 

OCHA’s figures document reported events and their consequences but do not resolve the disputed circumstances of every case. Regavim’s methodological criticism, in turn, does not establish that all or most reported attacks were incorrectly classified. 

For Palestinians living near settlements and outposts, the effect is measured not only through casualty data but also through access to farmland, roads, grazing areas and water sources. 

Foqaha said agricultural outposts were particularly consequential because a small number of residents could establish control over a much larger area. 

“We are talking about approximately 130 farms in the West Bank. We are not talking about tens of thousands of people living on these farms. Most of them contain between five and ten people, and sometimes even fewer,” he said. 

“This means that, if there is a political decision and if there is the will, the phenomenon can definitely be contained. But until today, there has been no such decision,” he added. 

In the Jordan Valley, Foqaha said he had personally witnessed the effect on Palestinian agriculture. 

“I see that the settlers throughout the Jordan Valley have not left a single water spring for Palestinians to irrigate their crops or provide water for their livestock,” he claimed. 

“This is an example of what is happening throughout the Palestinian territories. Palestinians are aware that there is an ultimate objective behind all these policies. When you take away all their sources of livelihood, prevent them from working inside Israel and impose all these restrictions on them, it is an attempt to push them out of this space,” he added. 

Abu Rahma separately claimed that small groups based in settler outposts communicate and coordinate with one another. 

“These groups are organized and coordinated. They communicate with one another in order to attack Palestinian citizens,” he alleged. 

That assertion directly contradicts Kahn’s description of those involved as disconnected and troubled young people rather than participants in an organized structure. 

IDF operations intensify in West Bank

Following Tell, the Israeli military intensified operations across the northern West Bank. Roads and village entrances were blocked, searches were conducted, and dozens of Palestinians were detained. Israeli authorities described the operations as necessary to locate suspects, seize weapons, and prevent further attacks. Kahn argued that the restrictions primarily concerned access to Israeli-controlled territory rather than movement within areas administered by the Palestinian Authority. 

Abu Rahma said the closures extended across a broader network of Palestinian roads and village entrances. 

“The Israeli army is blocking roads. This is the army’s role alongside the settler groups,” he said. “Villages are completely closed, and their gates are closed, preventing citizens from entering or leaving,” he added. 

“This affects freedom of movement, freedom of worship, access to education, access to medical treatment and the ability to work,” he said. 

The military response was accompanied by rhetoric of retaliation from members of Israel’s governing coalition, while further attacks and confrontations were reported around Nablus, Hebron and nearby villages. 

Rothman placed responsibility for Palestinian attacks on the Palestinian Authority’s education system, official media and prisoner-payment policy. He also argued that “European governments financing Palestinian institutions should examine where that money is directed and whether it supports structures that encourage violence.” 

Foqaha, by contrast, defended the PA’s decision not to deploy its forces into an open confrontation with the Israeli army or armed settlers. 

“The suggestion that it should send forces into a confrontation is not realistic at all, and it is not responsible,” he said. 

“This is actually what the radical, extreme voices in Israel want. They want an open confrontation with the PA in order to turn the entire West Bank into what happened in the Gaza Strip – or, in the least severe scenario, into what happened in the refugee camps,” he alleged. 

Foqaha said the PA had instead chosen political and diplomatic channels to prevent further deterioration. 

“It would bring extremely damaging and fatal consequences for both Palestinians and Israelis,” he said. “This is what the Palestinian Authority does not want,” he added. 

The danger is that the ability of political and security institutions to restrain events may weaken as confrontations become more frequent and geographically dispersed. 

Abu Rahma called for peaceful popular resistance, local protection committees and international intervention. 

“One side has protection and assistance from the army, the police, the judiciary and legislation, as well as access to weapons,” he said. “The other side consists of civilians whose fundamental means of resistance are remaining on their land and maintaining their resilience,” he asserted.

He warned that continued attacks on families, homes and property could eventually produce reactions political institutions might be unable to contain. 

“It is a human instinct to defend our children, our property and our existence,” Abu Rahma said. “Unfortunately violence can lead to further violence,” he added. 

Rothman rejected the premise that the principal danger of escalation stems from Israeli military operations or settler violence. Citing open-source material concerning PA forces, he described them as “an organized army of the Palestinian Authority” and claimed that elements within the system were “planning an October 7 for us, from their perspective, in Judea and Samaria.” 

Kahn likewise said Israel could not depend entirely on PA forces to prevent violence, pointing to previous cases in which Palestinian security personnel were accused of attacking Israelis. She argued that Israel must retain the ability to enter PA-administered areas, arrest suspects and impose temporary restrictions when necessary to prevent “further flare-ups.” 

This post was originally published on here. 

The Palestinian Islamic Jihad has agreed to the disarmament deal set forth by US President Donald Trump’s Board of Peace, the Saudi state-owned Al-Hadath reported on Sunday afternoon, citing a source familiar with the matter.

The deal, announced by Trump on Thursday night, includes the complete disarmament of Hamas and all other armed groups in the Gaza Strip, which would then lead to an IDF withdrawal.

Following the withdrawal, the International Stabilization Force (ISF) will begin reconstruction in cooperation with new civil forces. Israel has criticized the agreement, saying that its implementation hinges on disarming Hamas as a pre-condition.

Gunmen stand guard at the funeral of Marwan Issa, a senior Hamas deputy military commander who was killed in an Israeli airstrike during the conflict between Israel and Hamas, amid a ceasefire between Israel and Hamas, in the central Gaza Strip, February 7, 2025. (credit: REUTERS/Ramadan Abed)

Hamas reportedly begins distributing personal weapons to members 

Late Saturday night, however, a Palestinian source told Israeli public broadcaster KAN News that “Hamas will not disarm. Period.”

According to the source, Hamas began distributing individual weapons to the terrorist group’s operatives in the Gaza Strip amid the announcement of the deal.

The goal of the rifle distribution is to ensure that weapons stay in the hands of Hamas members under the guise of personal ownership. 

Ruby Sadikman contributed to this report.

This post was originally published on here.