According to data taken from the Central Bureau of Statistics in Israel, by the financial time, the war on Gaza might collapse Israel’s economy as it has already destroyed thousands” of businesses. The Financial Times released an amazing analysis on November 6th, tracing the catastrophic economic costs of Israel’s war
Gregory Daco, chief economist at EY-Parthenon, Ernst & Young’s global strategy consulting arm, told the New York Times that the Israel-Hamas conflict may cost the global economy $2 trillion. According to a prominent Ernst & Young economist cited by the New York Times (NYT) on Wednesday, if the confrontation between
Russian Deputy Foreign Minister Alexander Grushko, during the Eurasian Economic Forum, said that the EU lost $1.5 trillion as a result of Russia’s sanctions. According to Russian Deputy Foreign Minister Alexander Grushko, the European Union has lost almost $1.5 trillion overall as a result of the sanctions and the suspension
The Tower cites the newspaper Al Monitor from that era, which stated that the tunnels in Gaza “gave birth to billionaires in Gaza. Like its network of tunnels beneath the city, Gaza City’s underbelly is hidden from view and laced with money. Despite Gaza’s reputation as one of the world’s
The Washington Post claims that the audio it got revealed that Russian tycoon Magomed Musaev was buying Forbes, and Austin Russell was only the “face” of the acquisition deal. The Washington Post reported on Friday that Russian businessman Magomed Musaev may be behind a plan to acquire a majority share
The Israeli media reported on a “record-breaking spike” in the number of nations purchasing Israeli cyberwarfare and intelligence systems, from 67 to 83 in 2022, but a setback due to intelligence failure will likely cause Israel’s cybersecurity industry to face major losses. Israel and the rest of the world were
According to Finance Minister Serhiy Marchenko, the world is tired of financing Ukraine as Western politicians’ focus is diverted by the impending elections and rising geopolitical tensions. Nobody can deny it—not even Kiev officials—that exhaustion over the country’s financial requirements has taken hold. The world witnessed yet another example of
IMF chief Gavin Gray told NV Business on Monday that Ukraine needs to collect more taxes since Ukraine will require additional tax revenue to pay for its increased social expenditures after the war ends. The head of the International Monetary Fund (IMF) mission in Ukraine has cautioned that Ukraine must
According to recent studies and polls like the Trafalgar poll, ‘Go Woke, Go Broke’ might become more than a catchphrase, as almost 80% of people across all political spectrums indicated they were more likely to conduct business with an organization that maintained its political neutrality. Growing evidence indicates that businesses
