After 97 UN aid trucks in Gaza are ‘violently looted’ by armed men, food prices soar

Food prices are soaring in the Gaza Strip after armed men attacked and robbed nearly 100 U.N. aid trucks that crossed over from Israel.  Of the 109 trucks that entered central Gaza on Saturday, 97 were “violently looted” and “forced at gunpoint to unload aid,” according to the United Nations Relief and Works Agency for…

Jihadist police chief of Timbuktu jailed for war crimes in Mali

The International Criminal Court (ICC) has sentenced the former head of the Islamic police in Mali’s historic city of Timbuktu to 10 years in prison for war crimes. Prosecutors said al-Hassan ag Abdoul Aziz ag Mohamed ag Mahmoud led a “reign of terror” in the city after it was overrun in 2012 by the al-Qaeda-linked…

Software firm Odoo hits $5.3 billion valuation in secondary share sale

Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo. Odoo Odoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet‘s venture fund and Sequoia Capital. The Belgium-based company develops open-source enterprise resource planning software, with over…

Virtually no aid has reached north Gaza in 40 days, UN says

AFP Israel’s military says its offensive in Beit Lahia and other areas of northern Gaza targets regrouping Hamas fighters Palestinians are “facing diminishing conditions for survival” in parts of northern Gaza under siege by Israeli forces because virtually no aid has been delivered in 40 days, the UN has warned. The UN said all its…

Weekly mortgage demand inched up, despite higher interest rates. Here’s why.

Single-family homes in a residential neighborhood in San Marcos, Texas. Jordan Vonderhaar | Bloomberg | Getty Images After flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index….

Delta CEO says Trump regulation stance could be ‘breath of fresh air’

Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Jeenah Moon | Bloomberg | Getty Images Delta Air Lines CEO Ed Bastian said the Trump administration’s approach to regulation could be a “breath of fresh air.” Speaking to reporters ahead of Delta’s…

Pivotal Research hikes Netflix price target to Street-high $1,100 after Tyson-Paul fight

Netflix’s record-breaking boxing match between legend Mike Tyson and influencer Jake Paul cements the company’s status as the winner in streaming, according to Pivotal Research Group. The firm raised its price target on Netflix to a Wall Street-high $1,100. That target, up from $925, implies upside of 26.2%. Pivotal said the change accounts for higher…

European Central Bank warns rising trade tensions have increased risks

Rising global trade tensions present a risk to the euro area economy, the bloc’s central bank found in its biannual Financial Stability Review out on Wednesday. The European Central Bank also said weak growth was now a bigger threat than high inflation in the 20-nation euro zone. The latest figures recorded euro zone economic growth…

Piper Sandler says this tech stock that’s up 700% in 2024 has more room to run

Mobile app development company AppLovin may have soared more than 700% this year. Piper Sandler thinks the stock is an artificial intelligence winner with more room to run. The firm initiated coverage with an overweight rating and $400 price target on shares, implying shares could climb an additional 24.5% from Tuesday’s close. The company’s online…

Zelensky says Ukraine will lose war if US cuts funding

Ukraine’s President Volodymyr Zelensky told Fox News late on Tuesday that Ukraine would lose the war if Washington, its main military backer, pulled funding. The Ukranian leader said it would be “very dangerous if we lose unity in Europe, and what is most important is unity between Ukraine and the United States”. US President-elect Donald…

End of content

End of content