Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
The head of the CIA, who is also the chief U.S. negotiator for an end to the Gaza war and release of hostages held by Hamas, said a more detailed ceasefire proposal would be made in the next several days.
A view of Gaza during sunset, Reuters/Amir Cohen
The head of the CIA, who is also the chief U.S. negotiator for an end to the Gaza war and release of hostages held by Hamas, said a more detailed ceasefire proposal would be made in the next several days.
After 11 months of conflict in Gaza, CIA Director William Burns said he was working very hard on "texts and creative formulas" with mediators Qatar and Egypt to secure a ceasefire, by finding a proposal which satisfies both parties.
"We will make this more detailed proposal, I hope in the next several days, and then we'll see," said Burns, speaking at a Financial Times event in London alongside Richard Moore, head of Britain's MI6 foreign spy agency, in an unprecedented joint public appearance.
Burns added that it was a question of political will and he hoped leaders on both sides recognised "the time has come finally to make some hard choices and some difficult compromises".
He said 90% of the paragraphs had been agreed but the last 10% were always the hardest.
"My hope is that you know, they'll recognise what's at stake here and be willing to move ahead on that basis," he said.
Hamas attacked Israel on Oct. 7 killing 1,200 people and taking about 250 hostages, according to Israeli tallies.
By Michael Holden
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Israeli Prime Minister Benjamin Netanyahu accused Hamas on Wednesday of violating the Gaza ceasefire agreement after a military officer was wounded by an explosive device in Rafah and Israel vowed retaliation.
Turkish Foreign Minister Hakan Fidan on Wednesday met with Hamas political bureau officials in Ankara to discuss the ceasefire in Gaza and advancing the agreement to its second phase, a Turkish Foreign Ministry source said.
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