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 Israeli government on Sunday approved the appointment of a new foreign minister to replace Eli Cohen, who will become energy minister as part of a pre-arranged ministerial rotation, a government statement said.
Yisrael Katz © Times of Israel
The Israeli government on Sunday approved the appointment of a new foreign minister to replace Eli Cohen, who will become energy minister as part of a pre-arranged ministerial rotation, a government statement said.
The appointments are subject to Israeli parliamentary approval.
Cohen will continue to serve as a member of the security cabinet while Yisrael Katz will serve as foreign affairs minister, the statement said as Israel enters its 86th day of war with Hamas in the Gaza Strip after the Palestinian militant group attacked Israel on Oct. 7, killing 1,200 people and capturing 240 hostages.
The Israeli government also gave the green light for postponed municipal elections to take place in February, subject to parliamentary approval.
"We usually do not hold elections in wartime but these elections have been determined in advance," a statement from the prime minister's office said. "They have already been postponed once."
Reporting by Emily Rose; Editing by David Goodman
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 European Union, France and Germany condemned U.S. visa bans on European citizens combating online hate and disinformation, with Brussels saying on Wednesday it could "respond swiftly and decisively" against the "unjustified measures".
Three people were killed by a bomb in Moscow on Wednesday after two police officers approached a man acting suspiciously near the site where a senior general was killed two days ago by a car bomb that Russia said was planted by Ukrainian intelligence.
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