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.
Israel conducted 14 strikes in the Nabatieh area in south Lebanon on Thursday, two Lebanese security sources told Reuters, one of Israel's most intense bombardments since a ceasefire brokered by the U.S in November.
Smoke billows from the Nabatieh district, following Israeli strikes, according to two Lebanese security sources, as seen from Marjayoun, in southern Lebanon, May 8, 2025. Reuters/Karamallah Daher
Israel conducted 14 strikes in the Nabatieh area in south Lebanon on Thursday, two Lebanese security sources told Reuters, one of Israel's most intense bombardments since a ceasefire brokered by the U.S in November.
In April, Israel struck a southern Beirut building that it said it was being used to store precision missiles belonging to the Iran-backed Hezbollah group.
Lebanon and Hezbollah had agreed to a ceasefire in November which halted the fighting and mandated that southern Lebanon be free of Hezbollah fighters and weapons.
Reporting by Laila Bassam
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.
Israeli Defence Minister Israel Katz said on Tuesday that the military would never fully withdraw from the Gaza Strip for security reasons and that a civilian-military army unit would be established in the Palestinian enclave.
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