Loading...
Loading...
Reports from Gaza indicate a sharp rise in the cost of everyday goods, with a pack of tobacco now costing 100 shekels. Concurrently, Israeli weapons companies are reported to have made large profits since the war began.
Donald Trump announced that members of a new group called the 'Board of Peace' have pledged billions of dollars for the reconstruction of Gaza, with reported figures ranging between $5 billion and $17 billion. The United States is planning a meeting on February 19 to discuss fundraising for Gaza's reconstruction, though some reports indicate donor reluctance to fund the U.S.-led plan. A US contractor reportedly sent a plan to the White House that would secure large profits from the rebuilding effort. In a separate development, Israeli authorities charged 12 people, including soldiers and the brother of a senior security official, with operating a smuggling ring that moved millions of dollars worth of goods into Gaza.
6 topics | 311 sources
Trump convened the inaugural meeting of a new international group called the Board of Peace in Washington. At the meeting, Trump announced that participating countries had pledged billions of dollars for reconstruction in Gaza and had committed thousands of troops for a stabilization force. Some U.S. allies, including the Vatican, Poland, and Italy, declined to participate in the Board of Peace. The Vatican called for United Nations leadership instead. The plan for Gaza reconstruction is reportedly linked to a push for Hamas to disarm, a condition Israeli leader Netanyahu said Israel and the U.S. agree on. Trump said the Board of Peace would oversee the United Nations to ensure it 'runs properly.' The group is also reportedly exploring the use of a U.S.-pegged digital currency, or stablecoin, for Gaza, which has raised sovereignty concerns.
Israeli authorities have charged 12 people, including soldiers and the brother of a senior security official, with operating a smuggling ring that moved millions of dollars worth of goods into Gaza. Separately, the United States is planning a meeting on February 19 to discuss fundraising for Gaza's reconstruction, and a US contractor reportedly sent a plan to the White House that would secure large profits from the rebuilding effort.
Russia's state-owned gas company, Gazprom, says it's not profitable to pump gas into storage facilities in Europe. This comes as Hungary has filed a lawsuit against the European Union over its sanctions that ban imports of Russian gas. Separately, Venezuela's ambassador to Russia said the country could become one of the world's top three natural gas producers, highlighting a potential shift in global energy suppliers.
Reports from Gaza show the cost of everyday goods has risen sharply, with a pack of tobacco now costing 100 shekels. Meanwhile, Israeli weapons companies are reported to have made large profits since the war began.
+ 41 additional sources tracked